|Account Opening and Usage|
|Minimum Opening Deposit||$100|
|Monthly Service Charge||$25|
|Requirements to avoid monthly Service Charge||Monthly Service Charge will not apply in statement cycles when one or more of the following requirements are met:
1) The account has an Average Daily Collected Balance of at least $25,000; or
2) You process at least $25,000 through Merchant Services at BBVA Compass; or
3) You maintain at least $50,000 in Relationship Balances*
*Relationship Balances include the Average Daily Collected Balance on all consumer and small business checking, savings and money market accounts at BBVA Compass and the outstanding principal balance on all loans (excluding mortgages, overdraft protection lines of credit, and commercial loans) and credit cards at BBVA Compass.
|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.|
|ATM Fees Charged by BBVA Compass||$0||For using an ATM in BBVA Compass' ATM network|
|$0||For using an ATM outside of BBVA Compass' ATM network|
|Early Account Closing Fee||$25||If account closed within 180 days of opening|
|Stop Payment Fee||$32||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||$0.50||Excess Transaction Fee will be charged for each transaction1 over the monthly limit of 500.|
|Branch Cash Deposit Fees||$0.003||$25,000 in cash processing per month at no charge. A charge of $0.003 will apply for each dollar deposited above the $25,000 monthly cash processing limit. For example, if you deposit $1,000 more than your monthly limit, you will be charged a $3.00 Branch Cash Deposit Fee.
|Paper Statement Fee||$0||Paper Statements will be provided at no additional charge. These statements will not include images of cancelled checks. You can choose to turn off paper statements and receive your account statements electronically through BBVA Compass Online Banking. Online Banking customers will automatically receive PDF copies of their monthly statements, and can view images of cancelled checks.|
|Image Statement Fee||$0||Image Statements are available at no additional charge. Image Statements will be provided only at customer request and include images of cancelled checks.|
|Other Service Fees||Please consult your Miscellaneous Fee Schedule for a list of additional service fees.|
|Additional Product Features|
|The Additional Product Features described in this section are provided at no additional charge:|
|Unlimited returned deposited items|
|One Free Wire Per Month||This feature will be applied to the highest-priced wire in a given month. This feature does not apply to wires that take place through Compass e-Access or Online Banking.|
|One Overdraft Fee Forgiveness Refund Per Year||Applies to one NSF Charge-Paid Item or NSF Charge-Returned Item. The Overdraft Fee Forgiveness Refund feature must be redeemed each year prior to the Account Anniversary or it will be forfeited; this feature does not accrue or carry forward to subsequent years. This feature may not be used for forgiveness of Extended Overdraft Service Charges.|
|50% Discounted Checks||Includes tax and shipping and handling charges|
|Fee to Use BBVA Compass ATMs||$0||for using BBVA Compass ATM to complete any transaction|
|BBVA Compass Fee to Use Another Bank's ATM||$0+|
+BBVA Compass does not charge a fee to use another bank's ATM. ATM and/or service fees charged by other banks and ATM owners may apply; however, there will be no charge for use of ATMs in the Allpoint®. Allpoint® ATMs are available nationwide and are marked with an Allpoint® decal. 7-Eleven® ATMs are available nationwide within 7-Eleven® gas stations. 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. Visit bbvacompass.com/locations for Allpoint® and participating 7-Eleven® ATM locations.
|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.
|Insufficient Funds Charge (NSF) - Returned Item||$38||Per returned item presented against insufficient funds (see maximum penalty fee number below)|
|Deposited Item Returned Fee||$0||For each item that you deposit or cash that is rejected by the payor bank|
|Insufficient Funds Charge (NSF) - Paid Item||38*||
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.
|Extended Overdraft Service Charge||$25**||Charged when your account remains overdrawn by more than $1.00 for ten (10) consecutive calendar days. An additional $25 Extended Overdraft Service Charge will be charged if your account remains overdrawn by more than $1.00 for twenty (20) consecutive calendar days. This charge is in addition to any NSF fees you may incur as a result of items being presented against insufficient funds.|
**Effective June 10, 2019, the Extended Overdraft Service Charge will be $23. An Extended Overdraft Service Charge will be assessed if 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 Compass 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.
The best way to avoid unexpected fees is to always make sure that your Available Balance is sufficient to cover any transaction before you make it. BBVA Compass offers a variety of services (complimentary or fee-based) to provide you with useful tools, account accessibility and peace of mind. Please consult your account disclosure for complete details.
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 $5,000 and absent exceptional circumstances - see the Account Agreement for a detailed description of our policy).
|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.|
1Transaction means any credit or debit to your account, including but not limited to: checks, Check Card transactions, ACH transactions, direct deposits, payment and deposit order, whether oral, written or electronic.
The following chart shows the annual percentage yield and interest rate effective as of March 1, 2018. Annual percentage yield and interest rates are variable and at our discretion, we may change the interest rate for your account 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 1-800-COMPASS.
|BBVA Compass ClearChoice Premium for Business|
|Daily Collected Balance||Interest Rate||Annual Percentage Yield|
|Less than $10,000||0.010%||0.01%|
|$10,000 to $24,999||0.010%||0.01%|
|$25,000 to $74,999||0.010%||0.01%|
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.
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|
|Outgoing (Customer)||$20.00 (all states except NM)
$25.00 (NM only)
|International||$20.00 + costs|
|Statement and Research Services|
|Copy or Fax||$3.00/each|
*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 Business Statement 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 Fee2||$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|
|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||$32.00
|Manual BRS Wire Surcharge||$10.00|
|Incoming International Wire||$15.75|
|Outgoing International Wire||$50.00
|Internal Book Transfer via Fed wire system Debit Fee||$4.50|
|Internal Book Transfer Fee||$3.00|
|Manual BRS Inter-Account Transfer||$6.00|
2The Inter-Account Transfer Fee will be posted to your primary account at the end of the day on which any transfer(s) occurred.
3Fees may apply for wires initiated manually with Business Relationship Services (BRS).