Get more peace of mind with Overdraft Management Solutions
BBVA offers a variety of overdraft management solutions to help you be prepared when the unexpected happens.
When the unexpected happens, we want to help you be prepared
We have a variety of overdraft management solutions offered at BBVA. Take charge of your accounts with Account Management tools that allow you to set up alerts, monitor accounts via Online and Mobile Banking, and enroll in direct deposit. Even with these tools available, sometimes the unexpected happens. We help you manage those moments and gain peace of mind with our Overdraft Payment and Protection Programs.
Account Management Tools
The best way to avoid overdrafts is to always know how much money is in your account. At BBVA, we want to provide you with easy-to-use tools to give you access to your Available Balance information anytime, anywhere. Below are some of these account management tools:
Account AlertsSet up account alerts and always know what's going on with your accounts. Key alerts to set up for account management include: Account Balance, Account Summary, and Insufficient Funds alerts.
Our convenient Online Banking tool is yet another way for you to monitor your account activity.
Overdraft Payment and Protection Programs
Even with the many tools available to help you manage your account, sometimes the unexpected happens. At BBVA, we help you manage those moments and gain peace of mind with our Overdraft Payment and Protection Programs:
Linked Account Overdraft Sweep Service1
This option links your BBVA savings, money market, or secondary checking account to your primary checking account to cover overdrafts. You will be charged a once-daily Inter-Account Transfer Fee of $12 ($7 in CA) for each day the bank makes one or more transfers.
Overdraft Protection Line of Credit2
With a BBVA Overdraft Protection Line of Credit, you can link an existing checking account to a line of credit to cover overdrafts and help protect against returned checks and unnecessary fees. You will be charged a once-daily Overdraft Protection Fee of $12 ($7 in CA) for each day the bank makes one or more advances from your ODP Line of Credit and may be subject to a 21% APR.
Courtesy Overdraft Option3
Courtesy Overdraft Option is a service designed to allow you to opt-in or opt-out of overdraft protection. If you choose to opt-in for ATM and everyday debit card transactions, transactions made against your account may be authorized, even if your account has non-sufficient funds. This doesn’t mean you will avoid bank fees, but it can save you the hassle of having your debit card declined or check returned to the merchant. If we do cover your overdraft, you will be charged an "NSF Charge – Paid Item" fee of $38 ($32 in CA). Note that the NSF charge - Paid Item fee is not charged on items that cause the available balance on your account to be overdrawn by $1.00 or less.
Details you need to make a smart decision
1Courtesy Overdraft Option: Your Courtesy Overdraft Option opt-in/out preferences will determine whether or not we will authorize and pay, at our discretion, an ATM or everyday debit card transaction into overdraft. You are automatically opted-in for Checks and Other Transactions, which means we will authorize and pay, at our discretion, these types of transactions into overdraft. Your opt-in/opt-out preferences for all types of transactions can be changed at any time after account opening through BBVA Online Banking, by calling 1-844-BBVAUSA or by visiting a branch. Opting-in is NOT a guarantee that your overdrafts will be paid. Payment of an overdraft is made at the discretion of BBVA. The Insufficient Funds (NSF) Charge – Paid Item Fee of $38 ($32 in CA) is not charged on an item that causes the available balance on your account to be overdrawn by $1.00 or less. For certain transactions, an NSF-Returned Item fee of $38 ($32 in CA) may apply even if the bank chooses not to pay a transaction into overdraft. If your account remains overdrawn by more than $1.00 for seven (7) consecutive calendar days, an Extended Overdraft Service Charge of $23 will be assessed. An additional $23.00 Extended Overdraft Service Charge will be assessed for every seven (7) 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 NSF fees you may incur as a result of items being presented against insufficient available funds. The Extended Overdraft Service Charge does not apply to savings or money market accounts. The total negative balance, including any and all related fees and charges, is due and payable immediately without demand. Note that transactions may not be processed in the order that they occur. The order in which transactions occur, and the order in which they are received and processed by BBVA, can affect the total amount of overdraft fees charged.
2 Overdraft Protection Line of Credit: Overdraft Protection Line of Credit accounts are subject to approval, including credit approval. APR for Overdraft Protection Line of Credit: 21%. An Overdraft Protection Fee of $12 ($7 in CA) per day will be charged to your checking account for each day in which an advance is made from your ODP Line of Credit to cover an overdraft (maximum one Overdraft Protection Fee per day, regardless of the number of overdraft transactions in a given day). Having an Overdraft Protection Line of Credit does not guarantee you against paying NSF fees; the amount of credit available on your ODP Line of Credit may not be sufficient to cover all transactions. Not all deposit accounts are eligible.
3 Linked Account Overdraft Sweep Service: While there is no service charge for the Linked Account Overdraft Sweep Service, for each day on which a transfer is made from your savings account to cover an overdraft in your linked checking account, an Inter-Account Transfer Fee of $12.00 ($7.00 in CA) will be charged to your linked checking account. However, if your savings account is linked to a BBVA Premium Checking account, you will not be assessed the Inter-Account Transfer Fee. Having Linked Account Overdraft Sweep Service does not guarantee you against paying NSF fees; the amount of funds in your savings account may not be sufficient to cover all transactions. Even if enough funds are in the secondary account to cover an overdraft, the bank is not obligated to transfer funds if: (a) the secondary account is dormant, inactive, or frozen; or (b) the transfer exceeds or would exceed any limitation on the number of transactions that are permitted for the secondary account. Withdrawal transactions from savings and money market accounts are governed by federal law and, if transaction limitations are exceeded, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA or to a third party by means of a preauthorized agreement, telephonic request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from this account) to a total of six (6) per month. There is no limit on the number of withdrawals from savings or money market accounts when made in person at a BBVA banking office or at an automated teller machine. Withdrawal transactions subject to Excess Transaction Fees.