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Compass Bank will open Basic Checking Acct as Second Chance acct

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Hi everyone,

Just got of the phone with them, and opened an acct. The only thing is they wont let you have the "free" acct at first, its 7.95 a month, and you have to open a savings acct and deposit min $25 each month. For me thats a no-brainer. Or maintain a 500.00 bal. Either way, its a good deal. i think if it goes below, or no monthly sweep, there is like...a $4.00 service fee. They operate in AL, FL, TX, AZ, CO and NM. If you use me as a referral, we BOTH get $25.00!

Just letting you guys know; options are out there!

Cara Dee :D




Compass bank is a good option unless you have been reported to EWS. They are known recently to open accounts including the second chance checking accounts but later the risk management dept runs the EWS report and if they find anything, they will close the account

mca

Sub: #1 posted on Sun, 02/07/2010 - 21:24

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Quote:
Originally Posted by Cara Dee
Hi everyone,

If you use me as a referral, we BOTH get $25.00!

Just letting you guys know; options are out there!

Cara Dee :D



Thanks Cara for the information. However, can you explain the quoted line little more? I can't find information on this referral scheme. :(

Sub: #2 posted on Sun, 02/07/2010 - 21:56

SC SC
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Quote:
Originally Posted by SC
Thanks Cara for the information. However, can you explain the quoted line little more? I can't find information on this referral scheme. :(


Whats to explain? I just had gotten off the phone with them, I have a friend I wanted to send their way, and the gentleman told me that for each new referral the referring party AND the new client both get 25.00. Same thing with Wachovia...each family member that opened an acct and said I referred them got 25.00 gift card, as did I. Not uncommon

Sub: #3 posted on Tue, 02/09/2010 - 18:35

Cara Dee Cara Dee

(Posts: 33 | Credits: )

Be very careful of Compass Bank. I had an account with them and they like other banks post largest first. But one trick that they have is to post your deposits last. Also if you overdraft with your debit card they automatically take the overdraft fee so that you can go and and try to catch the item before it posts. This bank is very very fee hungry and just take this as a warning.

Sub: #4 posted on Tue, 02/09/2010 - 18:55

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Quote:
Originally Posted by Anonymous
Be very careful of Compass Bank. I had an account with them and they like other banks post largest first. But one trick that they have is to post your deposits last. Also if you overdraft with your debit card they automatically take the overdraft fee so that you can go and and try to catch the item before it posts. This bank is very very fee hungry and just take this as a warning.


I actually thought better about it, 7.95 a month and a required auto transfer of 25.00 to a savings acct..that doesnt earn interest at all...not worth it. Maybe if I absolutely had no other option but I do have Bank of America and Fidelity. I just dont believe in putting all my eggs in one basket. The credit union idea is a thought...i like the idea of local entity; no visa check card, nothing but a deposit acct to write checks off of and a money market savings acct.
Thanks!

Sub: #5 posted on Tue, 02/09/2010 - 19:13

Cara Dee Cara Dee

(Posts: 33 | Credits: )

Quote:
Originally Posted by Bronxboi
I actually posted the anonymous tip about Compass. I think you made the right decision about staying with B of A and Fidelity. Compass really is a truly awful bank when it comes to their posting of debits and credits and trust me I am far from stupid but they using various sort of tricks to start extracting fees. Absolutely the worst bank I ever had.


Thanks; its nice how everyone is sort of looking out for everyone else. I am in the process of extracting myself from the clutches of payday advance lenders...its so much easier reading the stories of those that have been there. I dont want to leave a debt unpaid, but to pay three times a loan amount? Thats like the mafia! :-?

Sub: #6 posted on Wed, 02/10/2010 - 10:20

Cara Dee Cara Dee

(Posts: 33 | Credits: )

I actually posted the anonymous tip about Compass. I think you made the right decision about staying with B of A and Fidelity. Compass really is a truly awful bank when it comes to their posting of debits and credits and trust me I am far from stupid but they using various sort of tricks to start extracting fees. Absolutely the worst bank I ever had.

Sub: #7 posted on Wed, 02/10/2010 - 11:13

Bronxboi Bronxboi

(Posts: 10 | Credits: )

i use a credit union, it is very much like a regular bank. i have a visa/atm card they charge the same fees,etc. but if you have one, you will not miss out of any banking perks, it is a nice option

Sub: #8 posted on Wed, 02/10/2010 - 14:21

bea2ls bea2ls
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Im sorry for stupid question and if I ask is not where necessary. I'm confused , Kim Karadashian tape that all keep talking about - is really Kim K.?

Sub: #9 posted on Sat, 03/19/2011 - 09:58

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