BBVA Business Choice Checking

Account Disclosure - Alabama

Download Email this document
Review Account Disclosures for a different state:
ACCOUNT OPENING AND USAGE
Minimum Opening Deposit $100  
Monthly Service Charge $15  
Requirements to avoid monthly Service Charge  

1) A minimum average daily collected balance of $5,000 per month; or
2) $5,000 or more in monthly merchant processing with BBVA; or
3) Enrollment in BBVA For Your Cause℠ (subject to eligibility)
Interest-Bearing No  
ATM Fees Charged by BBVA USA $0

For using an ATM in BBVA USA's ATM network
$3

For using an ATM outside of BBVA USA's ATM network
Early Account Closing Fee $25 If account closed within 180 days of opening
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
Excess Transaction Fee $0.50 Excess Transaction Fee will be charged for each transaction1 over the monthly limit of 250. An additional 250 transactions (total of 500 per month) available as a Premium Feature.
Branch Cash Deposit Fees $0.003 $10,000 in cash processing per month at no charge. An additional $5,000 per month available as a Premium Feature. A charge of $0.003 will apply for each dollar deposited above the $10,000 monthly cash processing limit.  For example, if you deposit $1,000 more than your monthly limit, you will be charged a $3.00 Branch Cash Deposit Fee.
Paper Statement Fee $3 Per statement cycle to receive monthly statements by mail. These statements will not include images of cancelled checks. You can avoid the Paper Statement Fee by turning off paper statements and receiving your account statements electronically through Online Banking. Online Banking customers will automatically receive PDF copies of their monthly statements, and can view images of cancelled checks, through Online Banking at no additional charge.
Image Statement Fee $5 Per statement cycle for statements that include images of cancelled checks.
Other Service Fees   Please consult your Miscellaneous Fee Schedule for a list of additional service fees.

1Transaction means any credit or debit to your account, including but not limited to: checks, Debit Card transactions, ACH transactions, direct deposits, payment and deposit order, whether oral, written or electronic.

PREMIUM FEATURES
Premium Features $10 each Select 2 Premium Features at no additional charge. Additional Premium Features may be selected for a fee of $10 per feature per month. This fee will be referred to as a "Premium Features Chg" on your monthly account statement.
   

Premium Features Include:

  • Additional 250 transactions per month (total of 500 items)
  • Additional $5,000 per month in cash processing (total of $15,000)
  • Unlimited returned deposited items per month
  • One Free Wire Per Month. This feature will be applied to the highest-priced wire in a given month. This feature does not apply to wires that take place through BBVA Net Cash or Online Banking.
  • One Overdraft Fee Forgiveness Refund per Year. Applies to one NSF Charge-Paid Item or NSF Charge-Returned Item. The Overdraft Fee Forgiveness Refund features must be redeemed before the Account Anniversary occurring immediately after this feature is selected or it will be forfeited; this feature does not accrue or carry forward to subsequent years. Once you redeem this feature, it will remain a selected feature until the Account Anniversary. You may cancel this feature after the Account Anniversary before you redeem it in the next year. If you select other features during the year, and have redeemed the Fee Forgiveness Refund feature, they will be in addition to this feature. This feature may not be used for forgiveness of Extended Overdraft Service Charges.
Additional Information Regarding Premium Features  

The "Premium Features Chg" will reflect the highest number of features selected during the given month, regardless of the number of days the features were in effect.

The "Premium Features Chg" will be incurred on the day the statement is generated.

With the exception of the One Overdraft Forgiveness Refund per Year feature, Premium Features will not take effect until the first business day of the following month.
ATM FEES
Fee to Use BBVA USA ATMs $0 for using BBVA USA ATM to complete any transaction
BBVA USA Fee to Use Another Bank's ATM $3 per transaction+
+ATM and/or service fees charged by other banks and ATM owners may also apply.
International Service Fee (ATM) 1% of transaction amount
International Service Fee (non-ATM) 3% If account closed within 180 days of opening
International Transactions are those transactions using your ATM or Debit 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/Debit Card Agreement.
OVERDRAFT FEES
Insufficient Funds Charge (NSF) - Returned Item $38 Per returned item presented against insufficient funds
Deposited Item Returned Fee $12 For each item that you deposit or cash that is rejected by the payor bank ($25 for foreign items)
Insufficient Funds Charge (NSF) - Paid Item

 38*

Per overdraft item covered by the bank

*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.
Extended Overdraft Service Charge $23 Assessed if your account is overdrawn by more than $1.00 for seven consecutive calendar days.  An additional $23 Extended Overdraft Service Charge will be assessed for every seven consecutive calendar days that your account remains overdrawn by more than $1.00.  A maximum of four Extended Overdraft Service Charges may be assessed per overdraft occurrence. This Charge is in addition to any Insufficient Funds (NSF) fees you may incur as a result of items being presented against insufficient funds.
The best way to avoid unexpected fees is to always make sure that your Available Balance is sufficient to cover any transaction before you make it. BBVA offers a variety of services (complimentary or fee-based) to provide you with useful tools, account accessibility and peace of mind. Please consult your account disclosure for complete details.
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
When funds deposited to your account are usually available for deposits less than $5,525 and absent exceptional circumstances - see the Account Agreement for a detailed description of our policy.
  • Cash deposit with Teller or ATM: same business day as the day of deposit
  • Direct deposit or wire transfer: same business day as the day of deposit
  • Check deposit with Teller or ATM: same business day as the day of deposit
  • Remote Deposit Capture: same business day as the day of deposit
  • If something causes a longer hold on a deposit, the first $225 of that deposit will generally be made available the same business day as the day of deposit.

A "business day" is a non-holiday weekday. At branches, business days end at closing time and at ATMs business days end no earlier than 1 pm. Remote Deposit Capture business days end at 8 pm CST.
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.

Miscellaneous Fees and Charges

This Fee Schedule provides additional fees relating to your deposit account. Please see the Non-Consumer Deposit Account Agreement, your Relationship Summary Form and the Non-Consumer Deposit Account Terms & Conditions for your account for more information.

Cash Processing Services
The following service charges apply to cash deposits processed at a branch or night depository. For high volume cash processing, Cash Vault services are available with pricing provided upon request.
Branch/Night Drop Cash Processing
Unprocessed Bags $1.00/ bag
Deposit Adjustments $5.00 each
Full Bag

$2.50 each
Partial/Mixed Bag

$5.00 each
Bag of Unstrapped Bills $5.00 each
Branch Outgoing Currency
Change Order $4.00 each
Full Strapped Currency $0.45 each
Partial Strapped Currency

$0.50 each
Box of Rolled Coins

$3.50/ box
Rolled Coin $0.15/ roll
Supplies: (includes Deposit Bags, Currency Straps, Coin Wrappers, Coin Tags, Coin Seals) At cost
Collection Services
Collection Item
Incoming (Customer) $20.00
Outgoing (Customer)

$20.00 (all states except NM)
$25.00 (NM only)
International

$20.00 + costs
Statement and Research Services
Reconcile Statement $25.00/hour
Research $25.00/hour
Copy or Fax $3.00/each
Special Statement* $7.00
*A special statement may include but not be exclusive to the following: daily statement, duplicate statements, hold statements and statement printouts.
Returned Items and Notifications
Special Notification - Telephone $8.00 ($11.00 for BBVA Business Savings accounts)
Special Notification - Overnight

$4.50 + courier charges (FedEx, etc.)
Special Notification - Fax

$10.00
Rerun Deposited Item

$12.00
Notice of Postdated Item Fee

$25.00/item (all states except NM)
$28.25 (NM only)
Other Service Charges
Business Personalized Debit Card Fee $10.00/card
Deposit Correction Fee

$2.50/item
Frozen Account Status Fee

$50.00/month
Garnishments/Levies

$150.00 + attorney fees
Inter-Account Transfer Fee2

$12.00/day in which there is a transfer (all states except CA)
$9.00/day in which there is a transfer (CA only)
Overdraft Protection Line of Credit Transfer Fee

$12.00/transfer
Reject Item >1.5%

$.50/item
Telephone Transfer Fee

$3.00 each
Wire Services3
Incoming Domestic Wire $15.00
Incoming Domestic Wire with confirmation

$18.00
Outgoing (Non-Repetitive) Domestic Wire

$30.00
Outgoing (Repetitive) Domestic Wire

$25.00
Outgoing  Domestic Wire with confirmation

$35.00
Manual BRS Wire Surcharge

$10.00
Incoming International Wire

$15.75
Outgoing International Wire

$50.00
Intra-BBVA USA Transfer

$5.00
Internal Book Transfer via Fed wire system Debit Fee

$4.50
Internal Book Transfer Fee

$3.00
Manual BRS Inter-Account Transfer

$6.00

2 The Inter-Account Transfer Fee will be posted to your primary account at the end of the day on which any transfer(s) occurred.

3 Fees may apply for wires initiated manually with Business Relationship Services (BRS).

 

Rev. 6/2020