BBVA Compass ClearConnect Savings

Account Disclosure - Colorado

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Account Opening and Usage
Minimum deposit needed to open account $25  
Quarterly Service Charge $0  
Does the account earn interest? Yes Interest is earned on the entire account balance. For additional interest rate and interest calculation information, see the account disclosures and Relationship Summary Form.
How often will statement be available? Quarterly  
Quarterly Paper Statement Fee $3 How to avoid the Paper Statement Fee?
(1) sign in to Online Banking; and
(2) turn off paper statements
After doing this you will receive your statements in Online Banking and will no longer receive a paper statement
Excess Transaction Fee $3 Charged for each withdrawal over 4 per statement cycle
Insufficient (NSF) Funds Charge- Paid Item $38 For each paid item presented against insufficient funds
Insufficient (NSF) Funds Charge- Returned Item $38 For each returned item presented against insufficient funds
Extended Overdraft Service Charge $25 Charged when your account remains overdrawn for 10 consecutive calendar days. An additional $25 extended overdraft penalty will be charged if your account remains negative for 20 consecutive calendar days.
Deposit Item Returned Fee $10* For each item that you deposit that is rejected by the payor bank ($25 for foreign items)
*Effective June 15, 2017, the Deposit Item Return Fee will increase to $12.00 per item.
Stop Payment Fee $32 For each request made by telephone or in-branch
Early Account Closing Fee $25 If account closed within 180 days of opening
Other Service Fees   Please consult your account disclosure for a list of additional service fees
Transaction Limits
Federal law governs withdrawal transactions from this account. And if transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA Compass or to a third party to a total of 6 per month. These transfers include: preauthorized agreement, telephone request, check, check card, draft including Online Banking transfers and sweep transfers. There is no withdrawal limit from this account when made in person at a BBVA Compass banking office or at an ATM. Inter-Account Transfers are considered withdrawal transactions subject to these federal transaction limitations. Withdrawal transactions subject to Excess Transaction Fees described above and in your account disclosure.
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 Consumer Deposit 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
  • 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.
  • Mobile Deposit - Within 5 business days or less. Date displayed in mobile application
A "business day" is a non-holiday weekday. At branches, business days end at closing time. At ATMs business days end no earlier than 8:30 p.m.
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.


Full Terms & Conditions

ACCOUNT OPENING AND MAINTENANCE
Minimum Opening Deposit $25
Quarterly Service Charge $0
Statement Cycle Quarterly
Paper Statement Fee $3 per statement cycle

The Paper Statement Fee will be assessed in the following statement cycle. For example, the Paper Statement Fee for the December statement will be assessed in March and will appear on the March statement.

How to Avoid the Paper Statement Fee You can avoid the Paper Statement Fee by turning off your paper statements and receiving your account statements electronically through Online Banking.
Early Account Closing Fee $25

The Early Account Closing Fee is assessed when a new account is closed within 180 days of opening.

Excess Transaction Fee $3 Excess Transaction Fee charged for each withdrawal transaction in excess of 4 per statement cycle
HOW INTEREST IS EARNED ON YOUR ACCOUNT
The daily balance method is used to calculate interest on your account. This method applies a daily periodic rate to the daily Collected Balance in the account each day. Interest on deposits begins to accrue no later than the business day on which we receive credit for the deposit. Accrued interest 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. Statement cycles are generally quarterly, unless otherwise disclosed. If you close your account or convert your account to a non-interest bearing 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 March 1, 2017. Interest rates and the annual percentage yield are variable and at our discretion, we may change the interest rate for your account at any time. Rates may change prior to funding and any interest being earned. To obtain current rate information, call 1-800-COMPASS or visit www.bbvacompass.com

ClearConnect SAVINGS RATE
Annual Percentage Yield 0.050%
Interest Rate 0.05%
TRANSACTION LIMITS FOR SAVINGS AND MONEY MARKET ACCOUNTS
Federal law governs withdrawal transactions from this account. And if transactions exceed limits, the account could be reclassified as non-interest bearing. Federal law limits transfers to another deposit account with BBVA Compass or to a third party to a total of 6 per month. These transfers include: preauthorized agreement, telephone request, check, check card, draft including Online Banking transfers and sweep transfers. There is no withdrawal limit from this account when made in person at a BBVA Compass banking office or at an ATM. Inter-Account Transfers are considered withdrawal transactions subject to these federal transaction limitations. Withdrawal transactions subject to Excess Transaction Fees described above and in your account disclosure.
ATM FEES
Fee to Use BBVA Compass ATMs $0 for using BBVA Compass ATM to complete any transaction.
BBVA Compass Fee to Use Another Bank's ATMs $2.50

† ATM and/or service fees charged by other banks and ATM owners still apply

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 Check 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/Check Card Agreement.

OVERDRAFT / INSUFFICIENT FUNDS FEES
Insufficient Funds Charge (NSF) - Paid Item $38 per item
Insufficient Funds Charge (NSF) - Returned Item $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.

Inter-Account Transfer Fee $12 per day in which there is a transfer. Transfers funds from customer designated account to cover potential overdrafts in checking account.
STOP PAYMENT FEES
Stop Payment Request (Branch/Phone) $32 per request
Stop Payment Request (Online Banking)(checks only) $25 per request
DEPOSIT FEES
Deposit Item Returned $10 per item*
*Effective June 15, 2017, the Deposit Item Return Fee will increase to $12.00 per item.
Deposit Item Returned (Foreign) $25 per item
Deposit Item Re-run $7 per item
DEBIT CARD FEES
Personalized Check Card Fee $10 per card
Replacement Card Fee $5 ($10 for personalized Debit Card)
Rush Replacement Card Fee $50
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.

WIRE TRANSFER FEES
Domestic:
- Incoming (Customer) $15
- Outgoing (Customer) $25
- Outgoing Repetitive (Customer) $23
- Outgoing (Non-Customer) $45
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 $0.20 per strap
- Bank Bags (Zipper) $5 per bag
- Bank Bags (Locked) $20 per bag
Check Charges:
- Temporary Checks $1 each
- Personal Checks Personalized check order charges, including tax and shipping and handling, are debited from your account when your order is placed. Check order charges vary.
- Cashier's Checks $8 each
Effective June 15, 2017, the Cashier's Checks Fee will increase to $10.00 per item.
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 $28.25 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
Telephone Transfer Fee $3 per transfer
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 Compass 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 COMPASS RESERVES THE RIGHT TO REQUIRE AT LEAST SEVEN (7) DAYS NOTICE PRIOR TO WITHDRAWAL OR TRANSFER OF FUNDS FROM THIS ACCOUNT.

We reserve the right to change terms, conditions, and/or pricing of our products upon reasonable prior notification.


 

Rev. 04/2017