BBVA Money Market Account

BBVA Money Market Account Review

BBVA Money Market Account is offered by BBVA, a bank founded in 1964 and based in Birmingham, AL. BBVA Money Market Account is available in 48 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.05.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $10,000.
• Small minimum initial deposit. You only need $25 to open an account.

Pros	Cons
Available in 48 states. Does not offer mobile check deposits. Free debit card	No signup bonus. Monthly service charge.

Are money market accounts from BBVA federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #19048). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What are the interest rates for BBVA money market rates?

BBVA money market offers an APY starting at 0.01% and ranging up to 0.05% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $25.

BBVA money market Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.01% - 0.05%

What are the fees for BBVA Money Market Account?

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $10,000.

BBVA will charge you a $10 fee if you exceed your maximum number of monthly transactions.

BBVA will allow you to make up to 6 withdrawals or transactionss per month. That is also the maximum set by federal regulations.

BBVA Money Market Account Fees

Fees	Amount
Monthly Fee	up to $15
Paper Statement Fee	$0
Excess Transaction Fee	$10

What is the minimum balance for BBVA money market?

Minimum deposit of $25. You must make an initial deposit of at least $25 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $10,000.

Interest rate minimum balance of $25. You must keep the account balance above $25 to earn interest.

What features and perks does BBVA money market offer?

This account includes the following features:

• Check Writing - BBVA money market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - BBVA monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - BBVA money market allows you to manage your money through online banking and a dedicated mobile app.

What is the support contact email?

The support contact email for this business credit card is abuse@bbvausa.com.

How do people rate the customer service and user experience?

Overall, this business credit card is mostly recommended based on community reviews that rate customer service and user experience.

How to open an account with BBVA

• Visit the BBVA website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.