Q:

Are there monthly fees for a Compass Bank checking account?

A:

Quick Answer

As of March 2015, Compass Bank offers several types of checking accounts, some of which do not charge monthly fees. Certain types of accounts allow users to avoid the fees by completing certain actions each month.

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Full Answer

Compass Bank's ClearConnect, ClearChoice Checking for Everyday Heroes, Bama Checking and Dynamo Checking are free of monthly service charges. The ClearChoice Checking applies service charges but allows users to avoid the charges by maintaining a minimum average daily balance, receiving single direct deposits of at least $300 or receiving multiple direct deposits that add up to at least $600. Additional fees may apply for extra services, such as receiving statements by mail or using an ATM at another bank.

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