Business Overdraft Protection Line of Credit
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:
Help protect your business against overdrafts
With a BBVA Business Overdraft Protection Line of Credit1, you can link an existing checking account2 to a line of credit that can be used in the event of overdraft. Having this account can help:
- Prevent important payments from being returned or declined
- You easily manage your checking account with automated credit advances to cover potential overdrafts
How it works
How does it work?
Occasionally, you may accidentally write a check, use your debit card, authorize an automated ACH payment, or use an ATM to withdraw cash when there are not enough funds in your checking account. If this occurs, funds will be transferred to your checking account from your Business Overdraft Protection line (up to your available credit) to cover the amount, saving you money in potential NSF fees3. These funds will only be transferred once per business day.
- Information on your Business Overdraft Protection Line of Credit, including your minimum payment amount and payment due date, will be included on your monthly checking account statement.
- Your minimum required payment will be drafted automatically from the linked checking account if you have not paid it by your due date.
To help you better understand the overdraft protection options available to you, please view the Business Overdraft Payment and Protection Program Comparison Chart.
Enjoy the safety net of overdraft protection
- Save money on NSF fees3 and other fees that occur when your account becomes overdrawn
- Acts as a safety net by protecting your business from important payments being returned or declined
- No annual fee or application fee, you only pay when you use it
- Convenience of knowing credit advances are automatic
- Makes managing your business checking account easier when unexpected expenses arise
Business Overdraft Protection Transfer Fee
For each day on which a Transfer occurs, a transfer fee of $12.00 will be charged to the linked Checking Account (maximum of one (1) fee per day). Your monthly payment drafted each month from your linked checking account. Payment information included on your monthly checking account statement.
Small Business Solutions Contact Us
Thank you for your interest in our Small Business solutions. Please complete and submit the form below, and one of our Small Business representatives will contact you to further discuss your needs.
Details you need to make a smart decision
1 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|
2 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.
3 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.