BBVA Compass ClearChoice Savings
Account Disclosure - Arizona
Minimum deposit needed to open
account
$25
Quarterly Service Charge
$15
(1) Daily Collected Balance of at least $500 in this
account; or
(2) Have an automatic, recurring monthly transfer of
at least $25 from a BBVA Compass checking account
to your savings account when the Service Charge
would be assessed.
Ways to avoid quarterly Service Charge
Does the account earn interest?
How often will statement be available?
Yes
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
ACCOUNT
OPENING
AND USAGE
Interest is earned on the entire account balance. For
additional interest rate and interest calculation
information, see the account disclosures and
Relationship Summary Form.
Insufficient (NSF) Funds Charge- Paid
Item
$38
For each paid item presented against insufficient
funds
Insufficient (NSF) Funds ChargeReturned 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
$12
For each item that you deposit that is rejected by the
payor bank ($25 for foreign items)
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, including the Paper
Statement Fee
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.
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.
Cash deposit with teller or at ATM - Same business day as the day
of deposit
Direct Deposit/wire transfer - Same business day as the day of
deposit
PROCESSING
POLICIES
Summary of Our Deposit
Hold Policy
This is a summary and generally applies
when deposit amount is less than
$5,000 -absent a deposit hold. See the
Consumer Deposit Account Agreement,
Funds Availability Disclosure, for a
detailed description of our deposit hold
policy.
Check deposit with teller or at ATM - same business day as the
day of deposit
If something causes a longer hold on a deposit listed above, 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
Full Terms & Conditions
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
$25
Minimum Opening Deposit
$15 per quarter
Service Charge
Service Charge will not apply in statement cycles when:
(1) You maintain a minimum daily Collected Balance of $500 or more in your BBVA Compass ClearChoice
Savings account; OR
(2) You have an automatic, recurring monthly transfer of $25 or more from a BBVA Compass checking account
to your BBVA Compass ClearChoice Savings account in effect at the time the service charge would be assessed.
Quarterly
Statement Cycle
ACCOUNT
$3 per statement cycle
Paper Statement Fee
OPENING AND
MAINTENANCE
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.
$25
Early Account Closing Fee
The Early Account Closing Fee is assessed when a new account is closed within 180 days of opening.
Excess Transaction Fee
HOW INTEREST IS EARNED ON
YOUR ACCOUNT
$3 Excess Transaction Fee charged for
each withdrawal transaction in excess
of 4 per statement cycle
The daily balance method is used to calculate the interest on the account. This method
applies a daily periodic rate to the daily collected balance in the account each day. For
tiered rate accounts other than BBVA Compass ClearChoice Interest Checking, the rate
corresponding to your daily Collected Balance will be applied to your entire daily Collected
Balance. Interest on deposits begins to accrue no later than the business day on which we
receive credit for the deposit. Accrued interest that 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. If you close your account or
convert your account to a non-interest earning account before accrued interest, if any, is
credited, you will not receive the accrued interest. For BBVA Compass ClearChoice
Interest Checking accounts, we pay the stated interest rate only on that portion of the
balance within the applicable tier. Unless the account balance is within the first tier, the
same rate will not be applied to the full account balance. 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 January 17, 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.
BBVA
0.050%
Annual Percentage Yield
COMPASS
CLEARCHOICE
SAVINGS
0.05%
Interest Rate
RATE
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.
$0 for using BBVA Compass ATM to
complete any transaction.
Fee to Use BBVA Compass ATMs
$2.50 per transaction†
BBVA Compass Fee to Use Another Bank's ATMs
† ATM and/or service fees charged by other banks and ATM owners still apply
ATM FEES
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.
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
OVERDRAFT /
funds (NSF) with a maximum of six (6) charges per day. These charges are imposed on items created by check, in-
INSUFFICIENT
person withdrawal, ATM withdrawal, Check Card transaction, or other electronic means.
FUNDS FEES
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. This
fee is charged to the beneficiary
checking account.
STOP
Stop Payment Request (Branch/Phone)
$32 per request
Stop Payment Request (Online Banking)(checks only)
$25 per request
PAYMENT
FEES
DEPOSIT
FEES
Deposit Item Returned
$12 per item
Deposit Item Returned (Foreign)
$25 per item
Deposit Item Re-run
$7 per item
Personalized Check Card Fee
CHECK
CARD FEES
Replacement Card Fee
Rush Replacement Card Fee
Online Statement
OTHER
$10 per card
$5 ($10 for personalized Check Card)
$50
No additional charge (Online Banking
is Required)
Statement Upgrade Fee (Image Statement Fee)
$5 per statement cycle
Special Statement
$5 per statement cycle
STATEMENT
FEES
A special statement may include, but not be exclusive to the following: daily statements, duplicate statements, hold
statements and statement printouts.
Domestic:
WIRE
TRANSFER
FEES
(ALL FEES
ARE PER
TRANSFER)
- 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
Cash Handling Fees:
$0.10 per roll
- Rolled Coin
- Strapped Currency
$0.20 per strap
- Bank Bags (Zipper)
$5 per bag
$20 per bag
- Bank Bags (Locked)
Check Charges:
$1 each
- Temporary Checks
- Personal Checks
- Cashier's 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.
$10 each
Collection Items (all fees are per item):
- Incoming
$20
- Outgoing
$20
- Non-Customer
$25
MISCELLANEOUS
FEES
- Bond Coupon
- International
$5
$20 plus costs
Deposit Fees:
- Deposit Correction Fee
- Deposits to Closed Accounts
$2.50 per item
$25.00 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
TELEPHONE
BANKING
Staff-Assisted Call (over 5/month)
$3 per page
$1 per call over 5 in a month
FEES
Telephone Transfer Fee
$3 per transfer
Online Banking
No additional charge
Online and Mobile Bill Pay
No additional charge
ONLINE
AND
MOBILE
BANKING
FEES
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.
Rev. 06/2017
© 2017 BBVA Compass Bancshares, Inc. Compass Bank is a Member FDIC and an Equal Housing Lender. BBVA Compass is a trade name of
Compass Bank, a member of the BBVA Group.