Compass BusinessClass PreferredSM Program

Being a Preferred Client Means You Get More

The Compass BusinessClass Preferred Client program is our way of showing you how much we appreciate your relationship with Compass.

This unique program recognizes you as one of our best business customers by rewarding you with special benefits and a higher level of service no matter how, when or where you choose to bank with us, all at no additional cost. There are two levels of membership, so the more you bank with us, the more rewarding it is to be a Compass BusinessClass Preferred client.

All you need is a Compass business checking account and qualifying balances. For more information or to qualify, stop by your local Compass Banking Center and speak with a business banker.

The two levels of the Compass BusinessClass Preferred program are:

Compass BusinessClass
Preferred Program		 Compass BusinessClass
Preferred Plus Program
$25,000 - $99,999 in qualifying business balances and a business checking account* $100,000 and more in qualifying business balances and a business checking account*
  • Direct Access to a specialized client service team    
  • Combined monthly statement
  • Enhanced Platinum Business Visa Check Card with Visa Extras
  • Free Business Personalized Visa Check Card
  • 30% discount on business checks 
  • Special discount offer for new Merchant Services accounts
  • Free official checks and Travelers Cheques 
  • Advance notice on special pricing and promotional offers
  • Special money-saving discounts from Compass business partners
  • Online access to Compass on Business quarterly magazine
  • Discount and set-up fee waivers for online banking services  
  • Compass Business Rebate credit card annual fee waiver with Visa Extras rewards points
  • No holds on deposits up to $10,000
  • Provisional credit for disputed ACH and debit transactions

Receive all Compass BusinessClass Preferred program benefits, plus:

  • Compass Business credit card one-time over-limit and late fee waiver
  • Unlimited “Stop payment” fee waivers on checks
  • Free small-size safe deposit box
  • Overdraft Protection options
  • Cash processing allowance of $25,000 per statement cycle 
  • Business Line of Credit annual fee waiver
  • Free terminal with a new Merchant Services account
  • No holds on deposits up to $25,000

Qualifying Business Balances:

  • Checking Account 
  • Savings  Account
  • Money Market
  • Oustanding
    balances on loans
  • Outstanding balances
    on Lines of Credit
  • 50% of CD balances

Subject to approval

*Important Terms and Disclosures

Qualifying balances for Compass BusinessClass Preferred program: Qualifying balances include: business checking, savings, money market, outstanding balances on loans and lines of credit, and 50% of CD balances, but exclude: investment, trust, insurance and consumer accounts. Compass Bank reserves the right to review qualifying balances for Compass BusinessClass Preferred client status on a periodic basis.

Visa Check Cards: Visa cards are subject to approval. To earn Visa Extras points on qualifying purchases, you must enroll prior to those purchases. A “Qualifying Purchase” is any signature-based purchase, Internet purchase, phone or mail-order purchase, bill payment, contactless purchase (purchases made by holding your Visa card or other device up to a secure reader instead of swiping your card), or small dollar purchase for which you are not required to sign, made with an enrolled Visa card, which is processed or submitted through the Visa U.S.A. Inc. payment system. A Qualifying Purchase does not include a purchase made using a Personal Identification Number (PIN) or purchase you initiate through identification technology that substitutes for a PIN. Additional restrictions apply. For more information on qualifying purchases, see program terms and conditions. Preferred Plus clients enrolled in Compass Points rewards will not receive Visa Extras, but will instead receive double CompassPoints.

Merchant Services: Subject to approval, including credit approval. Offer applies to new Merchant Accounts only. Merchant Account subject to credit and risk approval.  Meet or Beat offer requires full copies of last three (3) months’ Visa and MasterCard processing statements. Free terminal offer good for as long as merchant is processing electronic payments with Compass Bank. Free terminal subject to $499 purchase price in the event of no return after account closes. Free terminal offer applies to new Compass BusinessClass Preferred Plus accounts only.

Visa Credit Cards: Subject to approval, including credit approval. Offer applies to new Business Visa Credit Cards only. Visa Rebate Credit Card annual fee is $40. To earn Visa Extras points on qualifying purchases, you must enroll prior to those purchases. A “Qualifying Purchase” is any signature-based purchase, Internet purchase, phone or mail-order purchase, bill payment, contactless purchase (purchases made by holding your Visa card or other device up to a secure reader instead of swiping your card), or small dollar purchase for which you are not required to sign, made with an enrolled Visa card, which is processed or submitted through the Visa U.S.A. Inc. payment system. A Qualifying Purchase does not include a purchase made using a Personal Identification Number (PIN) or purchase you initiate through identification technology that substitutes for a PIN. Additional restrictions apply. For more information on qualifying purchases, see program terms and conditions. Preferred Plus clients enrolled in Compass Points rewards will not receive Visa Extras, but will instead receive double Compass Points.

Business line of Credit: Subject to approval, including credit approval. Convenience Line of Credit annual fee is $99 for lines up to $50,000 and $150 for lines greater than $50,000. Business Equity Line of Credit annual fee is $50.

Linked accounts Overdraft Protection: $10 transfer fee applies when funds are transferred from linked business savings and business money market accounts to a business checking account.

Overdraft Protection line of Credit: Overdraft Line of Credit subject to credit approval.

Combined Statement: Combined Statement includes business account information on checking, savings, loans and lines of credit, time deposits and credit cards. Accounts are subject to eligibility as to whether or not they can be included.

Safe deposit Box: Small-sized safe deposit box offered at no charge, subject to availability. Not all branches have safe deposit boxes. 50% discount on larger sizes where available.