Build My Savings
Account Disclosure - Alabama
With the Build My Savings account from BBVA, you can build an account that makes saving easy for you, and then rewards you for sticking to your plan. So you can reach your savings goal easier and faster.
Account Opening and Usage |
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Transaction Limits |
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Processing Policies |
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Dispute Resolution |
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Full Terms & Conditions
Minimum Opening Deposit | $25 |
Service Charge | $0 per quarter |
Statement Cycle | Quarterly |
Withdrawal Service Charge | $10 Assessed for each customer initiated withdrawal |
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 the interest on the account. This method applies a daily periodic rate to the daily collected balance in the account each day. For tiered rate accounts other than BBVA Premium Checking, the rate corresponding to your daily Collected Balance will be applied to your entire daily Collected Balance. Interest on deposits begins to accrue no later than the business day on which we receive credit for the deposit. Accrued interest that 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. If you close your account or convert your account to a non-interest earning account before accrued interest, if any, is credited, you will not receive the accrued interest. For BBVA Premium Checking accounts, we pay the stated interest rate only on that portion of the balance within the applicable tier. Unless the account balance is within the first tier, the same rate will not be applied to the full account balance. A taxpayer identification number will be required to earn interest on these accounts. |
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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 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% |
Interest Rate | 0.010% |
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 Check Card made outside of the United States, even those in US dollars. A full description of the currency conversion process is contained in your ATM/Check 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 |
Special Statement | $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. |
Domestic: | |
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Incoming (Customer) | $15 |
Outgoing (Customer) | $30 |
Outgoing Repetitive (Customer) | $25 |
International: | |
Incoming (Customer) | $15 |
Outgoing (Customer) | $45 |
Confirmation: | |
Fax/Email | $3 |
Mail/Phone | $5 |
Cash Handling Fees: | |
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Rolled Coin | $0.10 per roll |
Strapped Currency | $0.20 per strap |
Bank Bags (Zipper) | $5 per bag |
Bank Bags (Locked) | $20 per bag |
Check Charges: | |
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): | |
Incoming | $20 |
Outgoing | $20 |
Non-Customer | $25 |
Bond Coupon | $5 |
International | $20 plus costs |
Deposit Fees: | |
Deposit Correction Fee | $2.50 per item |
Deposits to Closed Accounts | $25 per deposit |
Legal Fees: | |
Garnishments, Levies, Court Orders | $150 plus attorney fees |
Reconcilement/Research 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. |
To assist you in understanding this disclosure, we have defined the following commonly used terms:
Collected Balance - 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 daily balance method is used to calculate the 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 earning 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 this account.
The following chart shows the annual percentage yield and interest rate as of October 1, 2020. Annual percentage yield and interest rates are variable and at our discretion, we may change the interest rate at any time. To obtain current rate information, call 1-844-BBVA USA or visit bbvausa.com.
Annual Percentage Yield | Interest Rate |
0.01% | 0.010% |
Upon conversion of your account to a BBVA Savings account (as further described in your account disclosure), your account will earn interest at the then current standard rate for BBVA Savings accounts.
The following chart shows the annual percentage yield and interest rate of BBVA Savings accounts effective as of December 4, 2020. Annual percentage yield and interest rates are variable and at our discretion, we may change the interest rate at any time. To obtain current rate information, at or after conversion, or at any time, call 1-844-BBVA USA or visit www.bbvausa.com.
Annual Percentage Yield | Interest Rate |
0.01% | 0.010% |
Build My Savings Match Bonus Disclosure
At account opening establish a Savings Plan, stick to your Savings Plan and earn a Match Bonus!
With a Build My Savings account, you can earn a Match Bonus of up to $50 for the 12-month plan or $25 for the 6-month plan. The amount of your Match Bonus is based on the total transfer amount and length of plan ("Savings Plan"). Savings Plan must include an automatic, recurring, pre-authorized transfer of at least $25 per transfer from a BBVA consumer checking account to your Build My Savings account ("Transfer"). The Transfer must occur at least monthly for the term of the Savings Plan. The initial Transfer must occur within 30 calendar days of Build My Savings account opening. Match Bonus payments subject to tax reporting. All accounts subject to approval. If, for any reason, you do not meet any aspect of your Savings Plan, you will not be eligible for a Match Bonus.
- Establishing Your Savings Plans
- You must establish your Savings Plan at account opening. You will be asked to select the following options for your Savings Plan
- Funding Account (BBVA consumer checking account from which the transfer will be made)
- Minimum amount per transfer: $25
- Transfer Frequency (Monthly, twice monthly, weekly or every other week).
- Initial Savings Plan Deposit Amount: Minimum of $25
- Term of Savings Plan: 6 or 12 month
- Your Savings Plan options may not be changed after account opening.
Please note: The date of your first Transfer will be automatically determined by the Transfer Frequency that you select. For example, if you choose a Transfer Frequency of every other Friday, your Initial Transfer will occur the first Friday following account opening, not on another Friday that you designate.
- You must establish your Savings Plan at account opening. You will be asked to select the following options for your Savings Plan
- Calculating Your Match Bonus
The amount of your Match Bonus (the "Match Amount") is determined by multiplying one (1) percent by the Total Transfer Amount designated at account opening. Maximum Match Amount for the 6-month plan is $25. Maximum Match Amount for the 12-month plan is $50. If, at the end of the Savings Plan term, the total amount transferred to your Build My Savings account is less than the Total Transfer Amount designated at account opening, the Match Bonus will not be paid at the end of the Savings Plan term. If, at the end of the Savings Plan term, the total amount transferred to your Build My Savings account is greater than the Total Transfer Amount designated at account opening, the Match Amount paid at the end of the Savings Plan term will not change. Match Bonus will be paid within 30 calendar days after successful completion of the Savings Plan. Within 30 calendar days of payment of the Match Bonus and completion of the Savings Plan, your Build My Savings account will be converted to a BBVA Savings account. See below for BBVA Savings Terms and Conditions. Your Transfer will continue to your BBVA Savings account until canceled by you.
Please Note: You will not be eligible for the Match Bonus if the Transfer is cancelled, stopped or missed or if the Transfer amount is reduced during the term of the Savings Plan.
- Cancelled Savings Plan
- If your Savings Plan is cancelled before it is complete, you will not be eligible for a Match Bonus. Your Savings Plan will be automatically cancelled, and you will not be eligible for a Match Bonus, if any of the following events occur:
- Your Initial Transfer does not occur within 30 calendar days of account opening;
- One of your scheduled Transfers does not occur for any reason (see "Transfers Against Insufficient Funds" for additional details);
- You instruct us to cancel your Savings Plan; or
- You cancel, stop or reduce the amount of your Savings Transfer.
- Any Build My Savings account with a cancelled Savings Plan will be automatically converted to a BBVA Savings account. If your Savings Plan is cancelled, your Transfer will continue to your BBVA Savings account until cancelled by you.
- If your Savings Plan is cancelled before it is complete, you will not be eligible for a Match Bonus. Your Savings Plan will be automatically cancelled, and you will not be eligible for a Match Bonus, if any of the following events occur:
- Transfers Against Insufficient Funds
- If we attempt to make the Transfer from your BBVA consumer checking account and there are insufficient collected funds available for the entire amount of the Transfer, we may, at our option, transfer the entire amount of the Transfer even though the Transfer will cause an overdraft of your checking account. If the Transfer occurs, any applicable NSF fee will be charged to your checking account and you will remain eligible for the Match Bonus. If the Transfer does not occur, your Savings Plan shall be cancelled. Payments made against insufficient funds are made at the sole discretion of BBVA in accordance with the terms of the Consumer Deposit Account Agreement.
Applicable Fees and Service Charges
Your account will be subject to the terms and conditions, including all fees and service charges, applicable to BBVA 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 RESERVES THE RIGHT TO REQUIRE AT LEAST SEVEN (7) DAYS NOTICE PRIOR TO WITHDRAWAL OR TRANSFER OF FUNDS FROM THIS ACCOUNT.
We reserve the right to change terms, conditions, and/or pricing of our products upon reasonable prior notification.
BBVA Savings
Account Disclosure - Alabama
Account Opening and Usage |
|
---|
Transaction Limits |
|
---|
Processing Policies |
|
---|
Dispute Resolution |
|
---|
Full Terms & Conditions
Minimum Opening Deposit | $25 |
Service Charge | $15 per quarter Service Charge will not apply in statement cycles when:
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Statement Cycle | Quarterly |
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 the interest on the account. This method applies a daily periodic rate to the daily collected balance in the account each day. For tiered rate accounts other than BBVA Premium Checking, the rate corresponding to your daily Collected Balance will be applied to your entire daily Collected Balance. Interest on deposits begins to accrue no later than the business day on which we receive credit for the deposit. Accrued interest that 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. If you close your account or convert your account to a non-interest earning account before accrued interest, if any, is credited, you will not receive the accrued interest. For BBVA Premium Checking accounts, we pay the stated interest rate only on that portion of the balance within the applicable tier. Unless the account balance is within the first tier, the same rate will not be applied to the full account balance. A taxpayer identification number will be required to earn interest on these accounts. |
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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 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% |
Interest Rate | 0.010% |
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 Check Card made outside of the United States, even those in US dollars. A full description of the currency conversion process is contained in your ATM/Check 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 |
Special Statement | $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. |
Domestic: | |
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Incoming (Customer) | $15 |
Outgoing (Customer) | $30 |
Outgoing Repetitive (Customer) | $25 |
International: | |
Incoming (Customer) | $15 |
Outgoing (Customer) | $45 |
Confirmation: | |
Fax/Email | $3 |
Mail/Phone | $5 |
Cash Handling Fees: | |
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Rolled Coin | $0.10 per roll |
Strapped Currency | $0.20 per strap |
Bank Bags (Zipper) | $5 per bag |
Bank Bags (Locked) | $20 per bag |
Check Charges: | |
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): | |
Incoming | $20 |
Outgoing | $20 |
Non-Customer | $25 |
Bond Coupon | $5 |
International | $20 plus costs |
Deposit Fees: | |
Deposit Correction Fee | $2.50 per item |
Deposits to Closed Accounts | $25 per deposit |
Legal Fees: | |
Garnishments, Levies, Court Orders | $150 plus attorney fees |
Reconcilement/Research 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 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.
We reserve the right to change terms, conditions, and/or pricing of our products upon reasonable prior notification.
Rev. 10/2020