|Account Opening and Usage||
Full Terms & Conditions
|Minimum Opening Deposit||$25|
$15 per quarter
Service Charge will not apply in statement cycles when:
|Paper Statement Fee||
$3 per statement cycle
The Paper Statement Fee will be assessed in the following statement cycle. For example, the Paper Statement Fee for the December statement will be assessed in March and will appear on the March statement.
|How to Avoid the Paper Statement Fee||You can avoid the Paper Statement Fee by turning off your paper statements and receiving your account statements electronically through Online Banking.|
|Early Account Closing Fee||
$25 The Early Account Closing Fee is assessed when a new account is closed within 180 days of opening.
|Excess Transaction Fee||
$3 Excess Transaction Fee charged for each withdrawal transaction in excess of 4 per statement cycle
The daily balance method is used to calculate interest on your account. This method applies a daily periodic rate to the daily Collected Balance in the account each day. Interest on deposits begins to accrue no later than the business day on which we receive credit for the deposit. Accrued interest is credited to the balance in the account on the first business day of the following statement cycle. Accrued interest that is credited to the balance in the account begins to earn interest no later than the next business day and compounds with each statement cycle. Statement cycles are generally quarterly, unless otherwise disclosed. If you close your account or convert your account to a non-interest bearing account before accrued interest, if any, is credited, you will not receive the accrued interest. A taxpayer identification number will be required to earn interest on these accounts.
Collected Balance is your account balance minus any funds you have deposited that have not been collected from the financial institution on which the deposited funds are drawn.
The following chart shows the annual percentage yield and interest rate effective as of December 4, 2020. Interest rates and the annual percentage yield are variable and at our discretion, we may change the interest rate for your account at any time. Rates may change prior to funding and any interest being earned. To obtain current rate information, call 1-844-BBVA USA or visit www.bbvausa.com
|Annual Percentage Yield||0.01%|
|Certain withdrawal transactions from savings and money market accounts may result in the account being reclassified as non-interest bearing if limits are exceeded. The following withdrawal transaction types are limited to six (6) per month: transfers to another deposit account with BBVA or to a third party by means of a pre-authorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings or money market account). There is no limit on the number of withdrawal transactions from such accounts when made in person at a BBVA banking office or at an automated teller machine. Withdrawal transactions of any type in excess of the Excess Transaction Fee limit will be subject to a fee.
|Fee to Use BBVA USA ATMs||$0 for using BBVA USA ATM to complete any transaction.|
|BBVA USA Fee to Use Another Bank's ATMs||$3 *ATM and/or service fees charged by other banks and ATM owners still may also apply.|
|International Service Fee (ATM)||1% of transaction amount|
|International Service Fee (non-ATM)||
3% of transaction amount
International Transactions are those transactions using your ATM or Debit Card initiated in person, online, or via telephone with a party located or who processes transactions outside of the United States, even if the transactions are initiated within the United States and/or in US dollars. A full description of the currency conversion process is contained in your ATM/Debit Card Agreement.
|Insufficient Funds Charge (NSF) - Paid Item||$38 per item*|
|Insufficient Funds Charge (NSF) - Returned Item||
$38 per item
*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.
The NSF charges described above are applied for processing items presented for payment against insufficient funds (NSF) with a maximum of six (6) charges per day. These charges are imposed on items created by check, in-person withdrawal, ATM withdrawal, Check Card transaction, or other electronic means.
|Inter-Account Transfer Fee||$12 per day in which there is a transfer. Transfers funds from customer designated account to cover potential overdrafts in checking account. This fee is charged to the beneficiary checking account.|
|Stop Payment Request (Branch/Phone)||$32 per request|
|Stop Payment Request (Online Banking)(checks only)||$25 per request|
|Deposit Item Returned||$15 per item|
|Deposit Item Returned (Foreign)||$25 per item|
|Personalized Debit Card Fee||$10 for each Personalized Debit Card|
|Replacement Card Fee||$5 ($10 for personalized Debit Card)|
|Rush Replacement Card Fee||$50|
|Online Statement||No additional charge (Online Banking is Required)|
|Statement Upgrade Fee (Image Statement Fee)||$5 per statement cycle|
$5 per statement cycle
A special statement may include, but not be exclusive to the following: daily statements, duplicate statements, hold statements and statement printouts.
|Outgoing Repetitive (Customer)||$25|
|Cash Handling Fees:|
|Rolled Coin||$0.10 per roll|
|Strapped Currency||$0.20 per strap|
|Bank Bags (Zipper)||$5 per bag|
|Bank Bags (Locked)||$20 per bag|
|Temporary Checks||$1 each|
|Personal Checks||Personalized check order charges, including tax and shipping and handling, are debited from your account when your order is placed. Check order charges vary.|
|Cashier's Checks||$10 each|
|Collection Items (all fees are per item):|
|International||$20 plus costs|
|Deposit Correction Fee||$2.50 per item|
|Deposits to Closed Accounts||$25 per deposit|
|Garnishments, Levies, Court Orders||$150 plus attorney fees|
|Reconcile Statement||$25 per hour|
|Research||$25 per hour|
|Copy of Fax||$3 per page|
|Staff-Assisted Call (over 5/month)||$1 per call over 5 in a month|
|Telephone Transfer Fee||$3 per transfer|
|Online Banking||No charge|
|Online and Mobile Bill Pay||No charge|
|Mobile Banking||No charge
Message and data rates may apply - check with your wireless provider.
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.
AS REQUIRED BY FEDERAL LAW, BBVA USA RESERVES THE RIGHT TO REQUIRE AT LEAST SEVEN (7) DAYS NOTICE PRIOR TO WITHDRAWAL OR TRANSFER OF FUNDS FROM THIS ACCOUNT.