BBVA Business Savings

Account Disclosure - California

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Account Opening and Usage
Minimum Opening Deposit $100  
Monthly Service Charge $5  
Requirements to avoid monthly Service Charge   1) Average Daily Collected balance of $500 or more; or
2) automatic recurring monthly transfer of $25 or more from BBVA business checking account to your BBVA Business Savings Account in effect at the time the Service Charge would be assessed.
Interest-Bearing Yes Interest is earned on the entire balance in your account. Please consult your account agreement and Relationship Summary Form for additional interest rate and interest calculation information.
Early Account Closing Fee $25 If account closed within 180 days of opening
Stop Payment Fee $30 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 $2 Excess Transaction Fee will be charged for each withdrawal transaction over the monthly limit of 3
Branch Cash Deposit Fees $0.003 Per dollar deposited.  For example, if you deposit $1,000, you will be charged a $3.00 Branch Cash Deposit Fee. 
Paper Statement Fee $3 Per statement cycle to receive statements by mail. 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.
Other Service Fees   Please consult your Miscellaneous Fee Schedule for a list of additional service fees.
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%

of transaction amount

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 $32 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 $32*

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.
Transaction Limits
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.
WithdrawAls
As required by Federal Law. BBVA reserves the right to require account holders to provide at least seven (7) days' notice prior to withdrawal or transfer of funds.
Interest Earnings
BBVA offers savings and investment accounts with various rate structures to meet your needs. BBVA pays interest on "net usable funds" at variable interest rates set by BBVA management from time to time at its discretion. "Net usable funds" means collected funds less any reserve imposed on that type of account by the Federal Reserve and less any reserve imposed by Bank management to cover various costs, such as those associated with deposit insurance. All interest rates and reserves applicable to the accounts described in this schedule are available from BBVA upon request. A taxpayer identification number will be required in accordance with IRS regulations.
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.


The following chart shows the annual percentage yield and interest rate effective 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. For tiered rate accounts, the rate corresponding to your Daily Collected Balance will be applied to your entire Daily Collected Balance. To obtain current rate information, contact us at 1-844-BBVA USA.

BBVA Business Savings Rate
Annual Percentage Yield Interest Rate
0.01% 0.010%

Interest accrued during a statement cycle is credited to the balance in the account on the first business day of the following statement cycle. If you close your account or convert your account to a non-interest earning account before interest is credited, you will not receive the accrued interest.


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 Fee1 $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 Services2
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

1The Inter-Account Transfer Fee will be posted to your primary account at the end of the day on which any transfer(s) occurred.

2Fees may apply for wires initiated manually with Business Relationship Services (BRS).

 

Rev. 10/2020