About the BBVA ClearSpend Visa® Card
Frequently asked questions
How Prepaid Cards Work
A prepaid card is a card you “load” with money before you use it. Once the card is “loaded,” it works exactly like a debit/check card. The difference is a prepaid card is not linked to a checking account or line of credit.
Prepaid cards provide a safe alternative to using cash. In addition, with a prepaid card you can determine spending limits and other parameters for children or family members. They’re ideal for parents of college students, because they can “reload” the card as needed and also keep an eye on student spending. Another benefit of these cards is there’s no way to overdraw the cards. If there aren’t any funds, they simply don’t work.
The BBVA ClearSpend Visa® Prepaid Card is a General Purpose Reloadable Card that can be used just like any Visa debit card and is accepted at millions of places worldwide. You can use it to make payments and purchases in stores, online, or by phone.
Other advantages include the ability to easily get cash and add funds at a BBVA USA ATM or branch, track purchases online, and receive balance alerts. The BBVA ClearSpend Visa® Card is backed by Visa Zero Liability.1
A General Purpose Reloadable (GPR) Card is a reloadable prepaid transaction account that provides a simple and cost-effective way to manage your money.
Simply place funds on the card, and you can use it anywhere Visa is accepted, access cash at BBVA USA ATMs with no ATM fees (For ATMs outside the BBVA network, your first transaction each month is free with $2 for transaction after that, plus any fees the other bank may charge), or pay bills. The ClearSpend Card cannot be used to make ACH payments using the account and routing number.
The ClearSpend Card is the perfect solution for anyone looking for a simple budgeting solution. The ClearSpend app and website automatically track your purchases and suggest a budget. After the first month, ClearSpend will help keep you on track with your budgeting goals.
How to Get and Activate a Prepaid Card
No, a checking account with BBVA or another financial institution is not required.
Yes, you can request up to one additional user per account. The additional user will have full access to all of the funds available on your card.
Please allow 7-10 calendar days for the card to arrive.
How to Add Money to a Prepaid Card
You can add funds (reload) to a BBVA ClearSpend Visa® Prepaid Card in the following ways:
- Transfer funds from a BBVA debit card to your prepaid card within the ClearSpend app
- Set up direct deposit of all or part of your paycheck to your card to your prepaid card (see more details in the FAQ below)
- Make a cash deposit to your card at a BBVA branch or Visa ReadyLink® location (Visa ReadyLink® merchants may charge a fee for this service.)
- Transfer funds to your prepaid card using PayPal®, Venmo®, Popmoney® or other money transfer services
To set up direct deposit, simply provide the routing and account number associated with your account to your employer or anyone else who pays you on a regular basis. You can deposit all or a portion of this amount to your ClearSpend Card on a recurring basis.
Visa ReadyLink® is a fast and easy way to load your ClearSpend Card with additional funds. Visit the Visa ReadyLink® Locator to find the nearest of more than 50,000 locations. Additional fees may apply.
You cannot set up a direct transfer from your BBVA checking account to your ClearSpend account. However, you can use the debit card tied to your BBVA checking account to make deposits to your ClearSpend account.
You must add a minimum of $25.00 per load to your ClearSpend Card.
No, there is no minimum balance requirement. However, cards with a zero balance may be subject to closure after 12 months.
|CLEARSPEND PREPAID CARD LIMITS|
|Maximum Balance of Funds on Card||$6,500|
|Maximum Amount of Any Direct Deposit Load||$6,500|
|Cash Load Limits||
$2,500 per load
|BBVA Debit Card Load Limits||
$2,500 per load
|Visa ReadyLink Load Limits||
$600 per load
|Minimum Load Amount||$25|
|Limit for ATM Transactions
$600 per transaction
|Limit for all Other Transactions||
$2,500 per transaction
|Combined Limit for both ATM and Other Transactions||$3,500 per day|
Using Your Prepaid Card
You can use your prepaid card to purchase goods and services anywhere Visa is accepted, withdraw cash at BBVA USA ATMs with no ATM fees (For ATMs outside the BBVA network, your first transaction each month is free with $2 for transaction after that, plus any fees the other bank may charge), and pay bills. The ClearSpend Card cannot be used for ACH payments using the routing and account number.
Yes, you can use the ClearSpend Card for PIN purchases. If the merchant's terminal can accept a PIN transaction, choose the debit option. You will then be prompted for your PIN.
Yes. If the merchant's terminal accepts credit, select the credit option. You will be asked for your signature rather than your PIN. Please note that your card is still a prepaid debit card, and can only be used for the funds available on your account. Selecting “Credit” only changes the way the transaction is processed. It does not change your card type, and we will not extend you credit.
Yes, you can use your prepaid card for online purchases. Please make sure you enter the correct billing information, including your name and the address on file with ClearSpend, or the transaction may be declined.
The daily limits on purchases are: $2,500 per transaction; $3,500 per day.
The daily limit for all transactions, including ATM and other purchases, is $3,500.
No, prepaid cards do not affect your credit score.
In most instances, you will not be able to overdraft your account. If a transaction is more than your available balance, your card will be rejected.
However, it is possible to overdraft your account when a merchant places an authorization hold for one amount, but the actual amount of the transaction is more than your available balance. To avoid a negative balance, it is important to be aware of your available balance and never authorize a charge in excess of that amount.
Returns will be credited to your account, typically within 2-3 business days.
When a prepaid card is used for certain types of transactions, the merchant accepting the card may request advance authorization of that transaction, and may estimate the amount of the transaction. This is usually because the final purchase amount is not known at the time you present your card. Some examples include:
- Gas Station "pay at the pump" purchases may be authorized for an amount greater than the gas purchase.
- Restaurants, Hotels, and Car rental agencies may get authorization for an estimated purchase amount, rather than the actual purchase amount.
If we authorize a transaction on a prepaid card, we may place a temporary hold on the funds available on your card for the amount of that authorized transaction, which we refer to as an "Authorization Hold."
An Authorization Hold generally will be released within 3 business days after the date we authorized that transaction. However, certain merchants, including rental car companies, hotels and others that authorize high-dollar amounts may cause an Authorization Hold to remain in effect for an extended period of time.
You can find out more information about each Authorization Hold on your prepaid card at any time by calling 1-866-236-7967 or logging in to the ClearSpend site. Certain transactions may be handled differently by different merchants. If you are unsure of a merchant's policy, it's best to ask before presenting your card.
Withdrawing Money from a Prepaid Card
You can use your card and PIN to withdraw cash at any ATM that displays the Visa or PLUS logo. You can withdraw cash without your PIN by visiting the nearest BBVA bank branch that accepts Visa. Some merchants will also allow you to receive cash back when you use your PIN to make a purchase.
The daily ATM limits are: $600 per transaction; $600 per day.
Managing Funds on a Prepaid Card
Yes. Once you activate your prepaid card, you will receive periodic electronic statements showing all activity on your ClearSpend Card. Paper statements are not available for the ClearSpend Card.
With a pending transaction, the transaction has been authorized for a specific amount, but that transaction has not been submitted for payment. The funds are still in your account, but are reserved and cannot be used.
With a posted transaction, the transaction has been submitted and cleared for payment, and the amount of the transaction has been deducted from the funds available on your ClearSpend Card.
Your available balance includes all pending and posted transactions. Your actual balance includes only posted transactions.
Setting Up Alerts for Prepaid Cards
Alerts for your ClearSpend Card are a way of getting automated notifications about your card balance, transactions, and status. You choose the alerts you want to receive through our app on your supported mobile device. To receive alerts, you must first download our Android or iPhone app and allow push notifications. We do not send text or email alerts at this time. Third party data rates may apply.
To set up alerts for your prepaid card, follow these simple steps:
- In the "Profile" section, select the alerts you wish to receive
When you download our Android or iPhone app, make sure you allow push notifications from ClearSpend. Third party data rates may apply.
Alerts can be sent to one mobile device per distinct account login. If you are the only card holder on your account, we can only send alerts to one mobile device. If there are two card holders, we can send alerts to one mobile device per distinct account login.
Updating Your Account and Card Information
Your default dial-in PIN for accessing your account when calling customer service is the last four digits of your Social Security Number. You can change this PIN any time you call in. Your dial-in PIN is not the same as the PIN associated with your card.
When your card expires, we will send you a new one. All of your account information will remain the same.
If you have a linked BBVA debit card and visit a BBVA branch location to close, we can transfer the funds back into that account.
Otherwise, we will mail a check to the address we have on file. It may take up to 30 days to issue a refund check if there are pending transactions on your account. A fee may apply for receiving a check.
Reporting a Lost or Stolen Prepaid Card
Call 1-866-236-7967 immediately to report your prepaid card lost or stolen. You can also log in to the ClearSpend website to report your card lost or stolen and review your transaction history. If your card has been used for unauthorized transactions, a customer service agent will be able to assist you with the dispute process.
With Visa's Zero Liability coverage, you will have no liability for unauthorized use of your prepaid card if the card was used for a transaction other than at an ATM, and that transaction was processed through the Visa Network. You must report the loss, theft, or suspected unauthorized use of the card to BBVA, and neither you nor anyone authorized to use the card can have acted in a fraudulent manner in handling the card.
Understanding Prepaid Card Fees
The $4 monthly fee can be avoided by loading $400 or more to your card each calendar month.
|Minimum Deposit||$25.00||Minimum Load Amount is $25|
|Secondary Card||$0.00||Maximum 1 additional cardholder per Account|
|Monthly Service Charge||$4.00||Waived with $400 or more in loads during each monthly period. The Monthly Service Charge will be assessed on the 15th of the following month if load requirement has not been met for the preceding month.|
|Cash Reload||$0.00||Load Cash at any BBVA Branch Location|
|Transfer Funds||$0.00||BBVA Debit Card, Direct Deposit, Paypal®, PopMoney®, Venmo®|
|Visa ReadyLink® Cash Load
||$4.50||This is a 3rd party fee and may vary by location. BBVA will not charge you a fee to reload your card using a ReadyLink® location. Fee accurate as of 12/5/2017
|ATM cash withdrawal - In Network||$0.00||When using BBVA USA ATMs.|
|ATM cash withdrawal - Out of Network||$2.00||BBVA will not charge a fee for the 1st out-of-network ATM withdrawal each month. BBVA fee will be assessed on additional out-of-network withdrawals within that month. You may also be charged a fee by the ATM operator for all withdrawals.
|Teller cash withdrawal
||$0.00||Financial Institutions other than BBVA may assess a fee|
|Purchase with Cash Back||$0.00||Using your PIN at Point of Sale|
|Signature Purchase||$0.00||Signing for Purchase at Point of Sale|
||$0.00||Bill pay is not available through the ClearSpend website. We will not charge a fee for bill payments set up through a biller's Website.
|ATM balance inquiry (in-network and out-of-network)||$0.00||BBVA will not charge a fee for checking your balance using an in or out-of-network ATM. You may be charged a fee by the ATM operator.
|Customer Service Call (Automated or live agent)||$0.00||Unlimited automated and live Customer Service Assistance|
|Paper Statement||N/A||Paper Statements Are Not Available for this Product. All account information, including statements can be found online.|
|Using your card outside the U.S.|
|International transaction||3.00%||Percent of the U.S. dollar amount of each transaction assessed by BBVA. Foreign Financial Institutions and retailers may assess an additional fee.|
|International ATM withdrawal||$3.00||BBVA will not charge a fee for the first international ATM withdrawal each month. BBVA fee will be assessed on additional international withdrawals within that month. You may also be charged a fee by the ATM operator for all withdrawals.
|International Teller cash withdrawal||3.00%||% of the U.S. dollar amount of each transaction assessed by BBVA. Foreign Financial Institution may assess an additional fee.|
|Replacement card||$0.00||Maximum of 3 replacement cards allowed|
|Express delivery||$20.00||Per Card|
|Paper check||$15.00||A paper check may be requested when an account is closed. Checks are not otherwise available for this product.|
|Inactivity||$0.00||Your card will be closed if there is no activity on your account for 12 months.|
Your funds will be held at or transferred to BBVA, an FDIC-insured institution. Once there, your funds are insured up to $250,000 by the FDIC in the event BBVA fails, if specific deposit insurance requirements are met and your card is registered. See fdic.gov/deposit/deposits/prepaid.html for details.
No overdraft/credit feature.
For general information about prepaid accounts, visit cfpb.gov/prepaid. If you have a complaint about a prepaid account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit cfpb.gov/complaint.
We reserve the right to waive, reduce or reserve charges or fees in individual situations. Other financial institutions and/or ATM operators may charge for using their ATMs. Additional fees from other parties may be incurred such as mobile phone carriers or Internet providers. Please check with your wireless carrier and Internet provider about such fees.
Visa and Visa Readylink® are registered trademarks of Visa International Service Association and used under license. Paypal® and Venmo® are registered trademarks of Paypal, Inc. Popmoney® is a registered trademark of Fiserv, Inc.
Details you need to make a smart decision
1Visa® Zero Liability covers U.S. issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or certain commercial card transactions. Cardholder must notify BBVA promptly of any unauthorized use. Consult BBVA for additional details or visit visa.com/security. See your Visa Cardholder Agreement for further details.