ACCOUNT OPENING AND MAINTENANCE
Minimum Opening Deposit |
$500 |
Quarterly Service Charge |
$0 |
No quarterly Service Charge but other fees may apply.
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Statement Cycle |
Quarterly
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Paper Statement Fee |
$0 |
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. |
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 August 30, 2018. Interest rates and the annual percentage yield are variable and at our discretion, we may change the interest rate and annual percentage yield for your account at any time. Interest 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.
SECURED CREDIT CARD SAVINGS RATE
Interest Rate |
0.050% |
Annual Percentage Yield |
0.05%
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TRANSACTION LIMITS FOR SAVINGS AND MONEY MARKET ACCOUNTS
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. |
OVERDRAFT / INSUFFICIENT FUNDS FEES
Insufficient Funds Charge (NSF) - Returned Item
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$38 per item |
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 |
DEPOSIT FEES
Deposit Item Returned
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$15 per item |
Deposit Item Returned (Foreign) |
$25 per item |
OTHER STATEMENT FEES
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.
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WIRE TRANSFER FEES
(ALL FEES ARE PER TRANSFER)
Domestic: |
- Incoming (Customer) |
$15 |
- Outgoing (Customer) |
$30 |
- Outgoing Repetitive (Customer) |
$25 |
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
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$0.20 per strap |
- Bank Bags (Zipper) |
$5 per bag |
- Bank Bags (Locked) |
$20 per bag |
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 |
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. |
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.