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| Account Opening and Usage | ||
| Minimum Deposit Needed to Open Account | $25 | |
| monthly Service Charge (Monthly Fee) | $19 | |
| Requirements to Waive monthly Service Charge | The monthly Service Charge will not apply for statement cycles when one or more of the following requirements are met:
*Average Daily Collected Balance: the average of all daily collected balances in your account during the statement cycle. 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. **Only consumer deposit accounts for which you are listed as the primary depositor (the depositor whose social security number is identified on the account) will be used in determining the combined deposit balance. |
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| Interest-Bearing | YES | |
| 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. |
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| Insufficient Funds (NSF) Charge - Returned Item | $32 | Per returned item presented against insufficient funds (see maximum penalty fee number below) |
| 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 | $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 | |
| 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 | |
| Overdraft Options for Consumers with Debit Cards | |||
| Option A: (Default) | No Overdraft Service | If you choose not to opt in to our Courtesy Overdraft Option service or any other overdraft service, ATM and everyday debit card transactions that would cause an overdraft may be declined at no cost to you. | |
| Option B: Linked Account Overdraft Sweep Service | Inter-Account Transfer Fee (Overdraft Transfer Fee) |
$0 | Per day in which an overdraft is covered by a transfer from a linked savings account |
| Option C: Overdraft Line of Credit* | Overdraft Protection Fee (Overdraft Transfer Fee) |
$0 | Per day in which an overdraft is covered by a transfer from a linked line of credit (subject to approval, including credit approval) |
| Option D: Courtesy Overdraft Option | Insufficient Funds Charge - Paid Item Fee (Overdraft Penalty Fee) | $32 | Per overdraft item covered by the bank 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. |
| Maximum Number of Overdraft Penalty and NSF Fees per Day | 6 | You will only be charged this number of overdraft penalty and NSF fees per day, even if we elect to cover additional overdrafts or return additional items. | |
| Minimum Amount Required to Trigger an Overdraft Penalty Fee | An overdraft item that causes the available balance on your account to be overdrawn by more than $1.00 will cause you to incur an overdraft penalty fee. | ||
| Extended Overdraft Service Charge (Extended Overdraft Penalty Fee) | $23 | Assessed when 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. You will not be assessed an Extended Overdraft Service Charge if the overdraft is solely attributable to ATM and everyday debit card transactions and you are opted out of our Courtesy Overdraft Option, meaning you do not want BBVA USA to authorize and pay overdrafts on these types of transactions. This Charge is in addition to any Insufficient Funds (NSF) fees you may incur as a result of items being presented against insufficient funds. |
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| * An APR of 21% applies to the Overdraft Protection Line of Credit. Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; your line of credit may not be sufficient to cover all transactions. | |||
| 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. |
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| Summary of Our Deposit Hold Policy This is a summary and generally applies when deposit amount is less than $5,000 - absent a deposit hold. See the Consumer Deposit Account Agreement, Funds Availability Disclosure, for a detailed description of our deposit hold policy. |
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| Dispute Resolution | ||
| Dispute Resolution Agreement | If a dispute arises between us, either party 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. | |
| ACCOUNT OPENING AND MAINTENANCE | ||
| Minimum Opening Deposit | $25 | |
| Monthly Service Charge | $19 | |
The monthly Service Charge will not apply for statement cycles when one or more of the following requirements are met:
*Average Daily Collected Balance: the average of all daily collected balances in your account during the statement cycle. 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. **Only consumer deposit accounts for which you are listed as the primary depositor (the depositor whose social security number is identified on the account) will be used in determining the combined deposit balance. |
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| Statement Cycle | Monthly | |
| Paper Statement Fee | No additional charge | |
| Early Account Closing Fee | $25 | |
The Early Account Closing Fee is assessed when a new account is closed within 180 days of opening. |
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| HOW INTEREST IS EARNED ON YOUR ACCOUNT | |
| 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, 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. A taxpayer identification number will be required to earn interest on these accounts. |
The following chart shows the annual percentage yield and interest rate effective as of March 8, 2019. 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-BBVAUSA or visit www.bbvausa.com.
| Premium Checking Account | |||
|---|---|---|---|
| Daily Collected Balance | Interest Rate | Annual Percentage Yield | |
| $0 to $9,999.99 | 0.050% | 0.05% | |
| $10,000 to $19,999.99 | 0.050% | 0.05% |
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| $20,000+ | 0.050% | 0.05% |
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| 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 for using an ATM outside of BBVA USA's ATM network.+ No BBVA USA charge for 2 transactions per statement cycle. PLUS, 2 automatic rebates of other banks' ATM fees per statement cycle; rebates will be credited to your account at the end of each statement cycle. |
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| +Service fees charged by other banks and ATM owners still apply; however, there will be no charge for use of an ATM in the Allpoint® or 7-Eleven® networks. ATM fees may apply to certain 7-Eleven locations in Oklahoma, Hawaii, and Alaska. All 7-Eleven ATMs with an FCTI contact sticker on the ATM are fee-free. | |||
| 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. |
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| OVERDRAFT / INSUFFICIENT FUNDS FEES | ||
| Insufficient Funds Charge (NSF) - Paid Item | $32 per item* | |
| Insufficient Funds Charge (NSF) - Returned Item | $32 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. |
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| Extended Overdraft Service Charge: | $23. Assessed when 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. You will not be assessed an Extended Overdraft Service Charge if the overdraft is solely attributable to ATM and everyday debit card transactions and you are opted out of our Courtesy Overdraft Option, meaning you do not want BBVA USA to authorize and pay overdrafts on these types of transactions. This Charge is in addition to any Insufficient Funds (NSF) fees you may incur as a result of items being presented against insufficient funds. | |
| Inter-Account Transfer Fee | No Charge BBVA USA Transfers funds from customer designated account to cover potential overdrafts in checking account. |
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| Overdraft Protection Fee | $0 per day in which an overdraft is covered by a transfer from a linked line of credit (subject to approval, including credit approval) An APR of 21% applies to the Overdraft Protection Line of Credit. Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; your line of credit may not be sufficient to cover all transactions. |
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| STOP PAYMENT FEES | ||
| Stop Payment Request (Branch/Phone) | $30 per request | |
| Stop Payment Request (Online Banking)(checks only) | $25 per request | |
| DEPOSIT FEES | ||
| Deposit Item Returned | $15 per item | |
| Deposit Item Returned (Foreign) | $25 per item | |
| DEBIT CARD FEES | ||
| Personalized Debit Card Fee | 1 personalized Debit Card per accountholder at no additional charge; $10 for each additional personalized Debit Card |
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| Replacement Card Fee | $5 ($10 for personalized Debit Card) | |
| Rush Replacement Card Fee | $50 | |
| OTHER STATEMENT FEES | ||
| Statement Upgrade Fee (Image Statement Fee) | No additional charge | |
| 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. |
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| WIRE TRANSFER FEES (all fees are per transfer) |
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| Domestic: | ||
| - Incoming (Customer) | $15 | |
| - Outgoing (Customer) | $30 |
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| - Outgoing Repetitive (Customer) | $25 |
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| International: | ||
| - Incoming (Customer) | $15 | |
| - Outgoing (Customer) | $45 | |
| Confirmation: | ||
| - Fax/Email | $3 | |
| - Mail/Phone | $5 | |
| MISCELLANEOUS FEES | ||
| 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 | |
| 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 | $25.00 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 | |
| TELEPHONE BANKING FEES | ||
| Staff-Assisted Call (over 5/month) | $1 per call over 5 in a month | |
| Telephone Transfer Fee | $3 per transfer | |
| ONLINE AND MOBILE BANKING FEES | ||
| Online Banking | No additional charge | |
| Online and Mobile Bill Pay | No additional charge | |
| Mobile Banking | No additional charge Message and data rates may apply - check with your wireless provider. |
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Upon request, the primary accountholder of a Premium Checking account will receive a waiver of the monthly Service Charge for one BBVA Money Market account. Primary accountholder of the Premium Checking account also must be an accountholder on the BBVA Money Market account in order to receive the waiver.
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.
Rev. 06/2019