BBVA ClearChoice Savings Account Review

BBVA ClearChoice Savings Account is offered by BBVA, a bank founded in 1964 and based in Birmingham, AL. BBVA ClearChoice Savings Account is offered in 7 states across the USA.

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.

What APY does BBVA offer?

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

What features and perks does BBVA ClearChoice Savings Account 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 ClearChoice Savings Account 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 ClearChoice Savings Account performs a soft credit pull so you can check whether you qualify without hurting your credit.

What fees does BBVA ClearChoice Savings Account charge?

BBVA ClearChoice Savings Account 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. Avoid the monthly fee by setting up a direct deposit of at least $25.

• Outgoing domestic bank transfers come with a $30 fee.
• Outoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• BBVA ClearChoice Savings Account charges a $25 fee for an early account closure. Contact BBVA ClearChoice Savings Account for more details on what is considered an early closure.
• BBVA ClearChoice Savings Account charges $3 every time you request a paper statement.