BBVA Money Market

Account Disclosure - Florida

Review Account Disclosures for a different state:
Account Opening and Usage
Minimum Deposit Needed to Open Account $25  
Monthly Service Charge (Monthly Fee) $15  
Ways to avoid monthly Service Charge  
  1. Daily Collected Balance of at least $10,000 in this account; or
  2. Have an automatic, recurring monthly transfer of at least $25 from a BBVA checking account to your savings account when the Service Charge would be assessed.
Does the account earn interest? Yes

Interest is earned on the entire account balance. For additional interest rate and interest calculation information, see the account disclosures and Relationship Summary Form.

How often will statement be available? Monthly  
Excess Transaction Fee $10

Charged for each withdrawal over 6 per statement cycle

Insufficient (NSF) Funds Charge- Paid Item $38

For each paid item presented against insufficient funds

Insufficient Funds (NSF) Charge – Paid Item Fee is not charged on an item that causes the available balance on your account to be overdrawn by $1.00 or less.

Insufficient (NSF) Funds Charge- Returned Item $38

For each returned item presented against insufficient funds

Deposit Item Returned Fee $15 For each item that you deposit that is rejected by the payor bank ($25 for foreign items)
Stop Payment Fee $32 Per request made in a branch or by telephone to stop payment of an item
$25 Per request made online to stop payment on a check
Early Account Closing Fee $25 If account closed within 180 days of opening
Other Service Fees   Please consult your account disclosure for a list of additional service fees
Transaction Limits

Federal law governs withdrawal transactions from this account. And if transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA or to a third party to a total of 6 per month. These transfers include: preauthorized agreement, telephone request, check, check card, draft including Online Banking transfers and sweep transfers. There is no withdrawal limit from this account when made in person at a BBVA banking office or at an ATM. Inter-Account Transfers are considered withdrawal transactions subject to these federal transaction limitations. Withdrawal transactions subject to Excess Transaction Fees described above and in your account disclosure.

Processing Policies
Posting Order
The order in which withdrawals and deposits are processed

We process and post transactions - both credits (including deposits) and debits - throughout the day. This approach allows us to more closely match the posting of transactions on your account with the timing of your actual account activity.

Note: Deposits received and posted late in the day will not cover payments and withdrawals posted earlier the same day.

Summary of Our Deposit Hold Policy
This is a summary and generally applies when deposit amount is less than $5,525 - absent a deposit hold. See the Consumer Deposit Account Agreement, Funds Availability Disclosure, for a detailed description of our deposit hold policy.
  • Cash deposit with teller or at ATM - Same business day as the day of deposit
  • Direct Deposit/wire transfer - Same business day as the day of deposit
  • Check deposit with teller or at ATM - same business day as the day of deposit
  • If something causes a longer hold on a deposit listed above, the first $225 of that deposit will generally be made available the same business day as the day of deposit
  • Mobile Deposit - Within 5 business days or less. Date displayed in mobile application.

A "business day" is a non-holiday weekday. At branches, business days end at closing time. At ATMs, business days end no earlier than 8:30 p.m.

Dispute Resolution
Dispute Resolution Agreement

If a dispute arises between us, either party may require that it be resolved through arbitration, rather than through jury trial. Please see the arbitration and waiver of jury trial provisions in your Consumer Deposit Account Agreement for additional details.



Full Terms & Conditions

The following rate chart shows the annual percentage yield and interest rate available to money market accounts opened online effective as of August 28, 2020, if the following requirements are met: 1) accountholder does not have an existing BBVA money market account and has not had one in the last 30 days; and 2) the new BBVA Money Market account is opened with funds not currently on deposit with BBVA.

The promotional rate is guaranteed for 3 months from the account opening date. After that time the rate will become variable and is subject to change at any time at the discretion of BBVA. APY calculation combines fixed promotional rate for the guaranteed period with the current standard rate in effect at the time of account opening for the remainder of the twelve-month period. Since standard rates are subject to change at any time without notice, the calculation assumes today’s standard rate will remain in effect for this period. At the end of the guaranteed period, please call your banker, visit a branch or call 1-844-BBVA USA to obtain current rate information. Wealth customers should contact their private banker directly.

The following chart shows the standard annual percentage yield and interest rate effective as of August 28, 2020. These rates will apply to your new BBVA Money Market account if the requirements to receive the promotional rates (provided above) are not satisfied. Interest rates and Annual Percentage Yield are variable and are subject to change, in our discretion, at any time. Note that rates may change prior to funding and any interest being earned. To obtain current rate information, call 1-844-BBVA USA or visit

Applicable Fees and Service Charges

Your account will be subject to the terms and conditions, including all fees and service charges, applicable to BBVA USA accounts in the state where we maintain your account. For purposes of this disclosure, your account will be deemed to be maintained in the state where you opened your account. Your account is considered to have been opened: if you opened your account by mail, at the location where the mail was received by us; or if you opened your account electronically (including by telephone) and your address is in a state where we have branch offices, in the state of your address at the time you opened your account; or if otherwise, in Alabama.

For additional terms governing your account, please consult the Consumer Deposit Account Agreement.

NOTE: The above-noted fees and service charges are not set bank-wide. These prices are driven by the competition in your local market.



Rev. 06/2020