I initially went with BBVA because the rates are great, but have since cancelled my application to go with another lender. The customer service was horrid. I had submitted most of my information and could not get a rate lock for several days. With the competing lender, I received a rate lock just as good as BBVA within 30 minutes.
The rate lock was not the only issue. On several occasions my contact told me he would return my call/complete some task that needed to be done, but not once did he follow through. These tasks included notifying the seller's agent that I had applied for the loan (as need per the contract) and issuing a pre-approval letter rather than a pre-qual letter. I could not even get BBVA to issue a pre-qual letter to me for an exact amount I requested, even after they had issued one for a higher amount!
refused payment on an on line payment when there were adequate funds for the payment ruining my credit rating and nmy relationship with the creditor adios compass and good bye to twenty plus years of at least two million dollars of annual deposits
I have had a corporate checking account at this bank for decades but quit using once I moved overseas several years ago. It was always fee-free and I used it through many years and ran several millions of dollars through it in the course of my business. I left several hundred dollars in the account. I used Bank of America while traveling abroad because people recognize that name, whereas a lower-tier bank such as Compass possesses zero gravitas or recognition.
I recently returned from overseas and found I had fallen victim to this bank's predatory practices of changing my account terms, deducting several monthly fees and continuing to charge these fees against my account even after they had reduced my balance well below zero. I went into the branch to get an explanation and was treated with such disdain and told they had no choice to put a damaging entry on my credit report unless I paid them nearly $50 on the spot.
I told them they should be ashamed and said I didn't want to pay them a fine for stealing my money. The manager, whom Compass forbids me to name in this review (very large person at the 34th St. branch in Gainesville, FL) said she had no power to waive the fees and close the account at zero. She said I would have to call the corporate office.
So I asked to use a phone. She took me to the lobby next to the front door and said I would have to use the phone there. I asked to use a phone where I could sit down, with privacy, and she refused. No chair and told me to not speak loudly on the phone or I would be forcibly removed from the bank! Swear to god.
When I finally spoke to someone at corporate customer service, they said the branch mgr certainly did have the power to reduce and waive fees and actually was the only person to do it. They said they would call her immediately.
After standing and waiting a long period, the mgr came out and said she would magically waive the fees, close the account, and I was "Never welcome to ever bank with them again!"