Helping you manage the unexpected
Managing the unexpected is part of running a business. At BBVA we want you, and your business, to be prepared when the unexpected occurs. From easy-to-use account management tools to Business Overdraft Protection Programs, we’ve gone the extra mile to create a banking relationship that gives you peace of mind.
As we transition to PNC, BBVA USA is no longer accepting applications for the Business Overdraft Protection Line of Credit. Explore PNC Small Business Line of Credit. Customers that enrolled prior to June 19, 2021 will continue to receive their benefits. Enrolled customers can access the complete details and benefits below:
Business Overdraft Protection Programs
It happens to most businesses: money goes out the door faster than it comes back in and your business account becomes overdrawn. The good news is now there are many ways to easily manage your account, and financial tools designed to protect you in the event of an overdraft.
So, what is an overdraft? An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the transaction is paid anyway1. You can be charged overdraft fees for any type of transaction that causes an overdraft2 — whether it’s a check, debit card charge, preauthorized electronic fund transfer, or ATM withdrawal.
Account Management Tools
Now, it’s faster and easier than ever to manage your business checking account. That’s because BBVA Small Business Checking accounts3 include Online Banking, Mobile Banking, and account alerts at no additional charge. These handy tools can help you avoid overdrafts by giving you access to your available balance information anytime, anywhere.
It’s not always easy to check your account every day. With alerts, you can get account information sent directly to you. You decide what information you want and when you want it by setting up alerts in Online Banking.
All your account information is just a few clicks away with Online Banking. Pay bills, transfer funds, view Online Statements, and more with access to everything you need in one place.
Mobile NSF Alerts4
With Mobile NSF Alerts4, you receive a text message when your checking account is overdrawn or when items are presented against non-sufficient funds.
Bank whenever, wherever from your mobile device. It’s a fast, easy, and convenient way to manage your BBVA accounts. Download the BBVA Mobile Banking app today!
Make banking more convenient with ATMs and your BBVA business debit card. Withdraw and transfer funds, check your balance, make deposits, and more with easy-to-use self-service banking.
Overdraft Protection for Businesses
Everyone makes mistakes and all businesses have cash flow fluctuations. But having one of our Business Overdraft Protection Programs can help you avoid costly overdraft fees, and give you the peace of mind of knowing your business is protected if an overdraft does occur.
- Business Overdraft Protection Line of Credit6
With a BBVA Business Overdraft Protection Line of Credit, you can link an existing business checking account to a line of credit to cover overdrafts and help protect against returned checks and unnecessary fees.
The BBVA Business Overdraft Protection Line of Credit is no longer available for customer enrollment. Customers that enrolled prior to June 19, 2021 will continue to receive their benefits.
- Linked Account Overdraft Sweep Service7
This option links your BBVA business savings or money market account to your business checking account to cover overdrafts. How does this work? As long as you have available funds in your linked savings account to cover the overdrawn amount, we will automatically transfer funds to your checking account. In general, fees for this service are lower than standard overdraft and NSF fees.8
To help you better understand the overdraft protection options available to you, please view the Business Overdraft Payment and Protection Program Comparison Chart.
Details you need to make a smart decision
1BBVA is not obligated to pay any item presented for payment if your account does not contain sufficient available funds, and we reserve the right not to pay. For certain transactions, an NSF Charge – Returned Item fee of $38 ($32 in CA) may apply if the bank chooses not to pay a transaction into overdraft.
2If your account is overdrawn by more than $1.00, you will be charged an NSF Charge – Paid Item fee of $38 ($32 in CA). Should your account remain overdrawn by more than $1.00 for seven consecutive calendar days, an Extended Overdraft Service Charge of $23 will be assessed. An additional $23 Extended Overdraft Service Charge will be assessed for every seven consecutive calendar days that your account remains overdrawn by more than $1.00. A maximum of four Extended Overdraft Service Charges may be assessed per overdraft occurrence. This Charge is in addition to any Insufficient Funds (NSF) fees you may incur as a result of items being presented against insufficient funds.
3 Small Business Checking Accounts include BBVA Business Connect Checking, BBVA Business Choice Checking, and BBVA Business Premium Checking accounts. Not all checking accounts are eligible. See your local branch for details.
4BBVA does not charge for the Mobile NSF Alerts Program; however, Message and Data Rates May Apply. Please check with your wireless carrier about such fees.
5Mobile Banking: Message and Data fees may apply. Check with your wireless carrier about such fees.
6 Business Overdraft Protection Line of Credit accounts are subject to approval, including credit approval. Fees and interest charges apply. The amount of overdraft protection coverage provided under an ODP Line of Credit is determined by your credit limit, which is subject to review and approval. Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; the amount of credit available on your ODP Line of Credit may not be sufficient to cover all transactions. Not all checking accounts are eligible. See your local branch for details.
|Business Overdraft Protection Line of Credit Terms|
|Annual Percentage Rate (APR)||18%|
|Grace Period for Repayment of Credit Line Balance||There is no grace period in which to repay the balance of your credit line before finance charges will be imposed.|
|Method of Compounding Credit Line Balance||Daily balance method, including current transactions.|
|Minimum Finance Charge||None|
|Overdraft Protection Fee||$12 ($9 in CA) Once per day of transactions)|
|Late Payment Fee||None|
|Overdraft Protection Limit||Determined upon approval & acceptance|
7 Having Linked Account Overdraft Sweep Service does not guarantee you against paying NSF fees; the amount of funds in your savings account may not be sufficient to cover all transactions. Even if enough funds are in the secondary account to cover an overdraft, the bank is not obligated to transfer funds if: (a) the secondary account is dormant, inactive, or frozen; or (b) the transfer exceeds or would exceed any limitation on the number of transactions that are permitted for the secondary account. Withdrawal transactions from savings and money market accounts are governed by federal law and, if transaction limitations are exceeded, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from this account) to a total of six (6) per month. There is no limit on the number of withdrawals from savings or money market accounts when made in person at a BBVA banking office or at an automated teller machine. Withdrawal transactions subject to Excess Transaction Fees.
8 Maximum of one Inter-Account Transfer Fee of $12 ($9 in CA) per day in which there is a transfer. The Inter-Account Transfer Fee will be charged to your checking account. Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; your line of credit may not be sufficient to cover all transactions. See your local branch for details.