Checking Accounts
|
Simple Checking Account
|
BBVA Simple Checking Account
|
Monthly service charge |
$0 |
$0 |
Online and Mobile Banking |
Yes: $0 |
Yes: $0 |
Built-in budgeting tools |
Goals, Expenses and Safe-to-Spend® |
Suite of Financial Tools |
Online bill pay |
No |
Yes: $0 |
Paper statements |
Not available |
$3 per statement cycle. This fee can be avoided by turning off paper statements and receiving statements electronically through BBVA Online Banking. |
Overdrafts |
Not allowed |
$32 per item |
Insufficient funds (NSF) |
Not allowed |
$32 per item |
Overdraft protection available |
No |
Yes, Learn more about overdraft solutions here. |
In-network ATM fee |
$0 |
$0, Includes Allpoint® Network & BBVA USA ATMs |
Out-of-network ATM fee* |
$0 |
$3 |
Paper checks |
$5 per book |
Varies |
Statement cycle |
Monthly |
Monthly |
Debit card replacement fee |
$0 |
$5 ($10 for Personalized Debit Card) |
Incoming wire transfer fee |
$0 |
$15 domestic, $10 international |
Outgoing wire transfer fee |
Not available |
$30 domestic, $55 international |
*ATM and/or service fees charged by other banks and ATM owners may also apply.
Simple Shared Checking Accounts will become joint BBVA Simple Checking Accounts, with the same features listed above.
Interest-bearing accounts
|
Simple Protected Goals Account
|
BBVA Simple Savings Account
|
APY1 |
0.30% |
To be announced |
Interest payment frequency |
Monthly |
Monthly |
Monthly service charge |
$0 |
$0 |
Statement cycle |
Monthly |
Monthly |
Overdrafts |
Not allowed |
$32 per item |
Insufficient funds (NSF) |
Not allowed |
$32 per item |
Incoming wire transfer fee |
$0 |
$15 domestic, $10 international |
Outgoing wire transfer fee |
Not available |
$30 domestic, $55 international |
ATM deposits & withdrawals |
Not available |
Yes (when debit card is linked to a checking account) |
Paper statements |
Not available |
$3 per statement cycle |
Account type |
High-interest checking |
Savings |
Excess transaction fees |
Not applicable |
$3. Fee is charged for each withdrawal over 4 per statement cycle2 |
Withdrawal limits |
Unlimited |
6 per statement cycle3 |
Simple Shared Protected Goals Accounts will become joint BBVA Simple Savings Accounts, with the same features listed above.
1 APY means annual percentage yield. The rates are effective as of February 24, 2021, are variable and are subject to change after the account is opened. For Simple Protected Goals Accounts, all balance tiers earn 0.30% APY.
2 Withdrawal transactions of any type in excess of the Excess Transaction Fee limit will be subject to a fee.
3 Certain withdrawal transactions from savings 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, telephone request, check, debit card, draft or similar order (including Online Banking transfers and sweep transfers from a savings 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 ATM.
Personal Loans
Servicing for Simple Personal Loans is already handled by BBVA USA; there will be no changes to the terms of personal loans.