You can make unlimited withdrawals from your money market account in person at a branch or an ATM. You can make up to six withdrawals/transfers per statement cycle via Online Banking, check, debit card, phone request, or preauthorized electronic transfer.
There is no limit to the number of withdrawals you can make in person at a BBVA Compass branch or ATM.
Federal law allows you to make up to six transfers or withdrawals per statement cycle. These include preauthorized transfers, checks, Online Banking, check card, telephone request, and sweep transfers. You will be charged a fee for additional transfer withdrawals.
There is no limit to the number of transfers (deposits) you can make to your money market account each month.
You can typically transfer funds via Online Banking, per a telephone request, in person, by writing a check from your money market account to your checking account, or at an ATM. You can make unlimited in-person withdraws or transfers, but are limited to six withdrawals or transfers made in any other way.
Yes, you can withdraw money with a check. Checks are included within the six withdrawals per statement cycle limitation.
This varies by bank, but most money market accounts, including BBVA Compass money market account, do not have debit cards.
No, because the money you put in a money market account is after-tax money, meaning you’ve already paid taxes on it. There are no taxes or tax penalties associated with money market account withdrawals.
Money market accounts do not have pre-determined maturity dates like CDs, so the term “early withdrawal” doesn’t apply to money market accounts.