BBVA Compass ClearChoice(SM) Premium for Business

Account Disclosure - Arizona

Review Account Disclosures for a different state:
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 charge2. 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
Overdraft Fees
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
NSF Charge - Paid Item Fee $38 Per overdraft item covered by the bank
Extended Overdraft Service Charge $25 Charged when your account remains overdrawn for ten (10) consecutive calendar days. An additional $25 extended overdraft penalty fee will be charged if your account remains negative for twenty (20) consecutive calendar days.
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.
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.
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).
  • Cash deposit with Teller or ATM: same business day as the day of deposit
  • Direct deposit or wire transfer: same business day as the day of deposit
  • Check deposit with Teller or ATM: same business day as the day of deposit
  • Remote Deposit Online: same business day as the day of deposit
  • If something causes a longer hold on a deposit, the first $200 of that deposit will generally be made available the same business day as the day of deposit.
A "business day" is a non-holiday weekday. At branches, business days end at closing time and at ATMs business days end no earlier than 1 pm. Remote Deposit Online business days end at 8 pm CST.
Dispute Resolution
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.

1 Transaction 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.

2 BBVA Compass Business Preferred clients receive an additional $25,000 in deposits at no charge.

The following chart shows the annual percentage yield and interest rate effective as of January 1, 2017. 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.

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.



Miscellaneous Fees and Charges

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.

3 The Inter-Account Transfer Fee will be posted to your primary account at the end of the day on which any transfer(s) occurred.

4 Fees may apply for wires initiated manually with Business Relationship Services (BRS).