BBVA Online Savings Review

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

Are savings accounts from BBVA federally insured?

Yes, your BBVA savings accounts are 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.

Does BBVA offer a signup bonus?

BBVA Online Savings doesn't offer a signup bonus.

What is the minimum balance for BBVA Online Savings?

What APY does BBVA offer?

BBVA Online Savings offers an APY of 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does BBVA Online Savings offer?

This account includes the following features:

• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - BBVA Online Savings monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Nationwide ATM network - Withdraw money and check your balance from wherever you are.
• Soft credit pull - BBVA Online Savings performs a soft credit pull so you can check whether you qualify without hurting your credit.

BBVA Online Savings Features

Description
Bank Account Features	Bauer Financial A+/A Rating Branch Access Check Images with Statement Fraud Monitoring Interest Bearing Account Mobile Banking Mobile Check Deposit Nationwide ATM Network No ATM Fees No Monthly Maintenance Fee Soft Credit Pull

What fees does BBVA Online Savings charge?

BBVA Online Savings does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $500.

• Outgoing domestic bank transfers come with a $30 fee.
• Incoming domestic bank transfers come with a $15 fee.
• Outoing international bank transfers come with a $55 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Incoming international bank transfers come with a $15 fee.
• BBVA Online Savings charges a $25 fee for an early account closure. Contact BBVA Online Savings for more details on what is considered an early closure.
• BBVA Online Savings charges $3 every time you request a paper statement.