Build My Savings

Account Disclosure - Texas

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.

Review Account Disclosures for a different state:
Account Opening and Usage
Minimum deposit needed to open account $25  
Quarterly Service Charge $0  
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? Quarterly  
Quarterly Paper Statement Fee $3 How to avoid the Paper Statement Fee?
(1) sign in to Online Banking; and
(2) turn off paper statements
After doing this you will receive your statements in Online Banking and will no longer receive a paper statement
Withdrawal Service Charge $10 Assessed for each customer initiated withdrawal
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
Extended Overdraft Service Charge $25 Charged when your account remains overdrawn by more than $1.00 for ten (10) consecutive calendar days. An additional $25 Extended Overdraft Service Charge will be charged if your account remains overdrawn by more than $1.00 for twenty (20) consecutive calendar days.
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 For each request made by telephone or in-branch
Early Account Closing Fee $25 If account closed within 180 days of opening
Savings Plan Options   6-month savings plan or 12-month savings plan (each a "Savings Plan")
Transfer Frequency Options   Weekly, every other week, twice monthly or monthly
Match Bonus   The amount of your Match Bonus (the "Match Amount") will be determined by multiplying the Match Percent by the Total Transfer Amount provided at account opening. Refer to your Plan Summary Form and account disclosures for additional information relating to your Match Percent and Match Amount. Savings Plan must include an automatic, recurring, preauthorized 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. Maximum Match Bonus of $50 for the 12-month plan, or $25 for the 6-month plan. Please consult your account disclosure for additional details.
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, you or we 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.

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 August 30, 2018. 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.

Build My Savings
Annual Percentage Yield Interest Rate
0.05% 0.05%

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 August 30, 2018. 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.

BBVA Savings
Annual Percentage Yield Interest Rate
0.05% 0.050%

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.

  1. 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.

  2. 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.

  3. 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.
  4. 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
Minimum deposit needed to open account $25  
Quarterly Service Charge $15  
Ways to avoid quarterly Service Charge   (1) Daily Collected Balance of at least $500 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? Quarterly  
Quarterly Paper Statement Fee $3 How to avoid the Paper Statement Fee?
(1) sign in to Online Banking; and
(2) turn off paper statements
After doing this you will receive your statements in Online Banking and will no longer receive a paper statement
Excess Transaction Fee $3 Charged for each withdrawal over 4 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
Extended Overdraft Service Charge $25 Charged when your account remains overdrawn by more than $1.00 for ten (10) consecutive calendar days. An additional $25 Extended Overdraft Service Charge will be charged if your account remains overdrawn by more than $1.00 for twenty (20) consecutive calendar days.
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 For each request made by telephone or in-branch
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, including the Paper Statement Fee
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, you or we 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 chart shows the annual percentage yield and interest rate effective as of effective as of August 30, 2018. 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

 

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. 06/2020