With so many banks to choose from these days, it can be a challenge to decide which one we should put our hard earned money in. Finding a bank that will serve your needs while offering great customer service is a must.
In this article, we will examine the popular bank BBVA and see all the different banking options they have available. You will then be able to see if this bank is a good fit for you.
BBVA World Class Banking
BBVA is one of the largest banks in the United States and also has branch locations all over the world. In a banking world ruled by well known banks such as Bank of America and Wells Fargo, BBVA has emerged as a power house.
Let's consider a few of the accounts that BBVA has available and see the level of service that is offered when choosing them as your preferred banking option.
Free Checking Account
The BBVA Free Checking Account is a quick and easy way to set up a bank account that will serve the needs of most people. This checking account has zero monthly service charges to worry about as well as no ATM service charges at BBVA USA ATMs.
This BBVA checking account can save you $144 each year in comparison with other banks that have monthly service charges.
BBVA Free Checking vs Other Banks
- BBVA $0 monthly charge
- Wells Fargo Everyday Checking - $10/month
- Chase Total Checking - $12/month
- Bank of America Advantage Plus Checking - $12/month
Premium Checking Account
The BBVA Premium Checking Account is their best account and is suited for those who want to enjoy all the added perks that come along with it. It has the ability to earn interest which helps your money grow as it sits in your account.
Also, there are no service charges nationwide at over 64,000 BBVA USA and participating non-bank ATMs. This account also includes up to two rebates each month on ATM service charges given by other banks.
This Premium Checking account has a monthly service charge of $19, but it can be waived if you have a minimum of $4,000 in your account.
Premium Checking Highlights
- 0 service charge at 64,000 ATMs
- $19/month service charge
- $4,000 balance waives service charge
- 2 rebates on non-bank ATM charges per month
Money Market Account
The BBVA Money Market Account is best suited for those who want a competitive interest rate making their money work for them.
This account includes up to 6 free monthly withdrawals and can be set up online in minutes with a $25 minimum opening deposit. By linking a Money Market account with a checking account, this qualifies you for overdraft protection.
This account has a monthly service charge of $15, but this can also be waived by keeping a minimum daily amount of at least $10,000.
Setting up a recurring monthly transfer of at least $25 from your checking account to your Money Market Account will also waive monthly charges.
Money Market Account Highlights
- 6 free monthly withdrawals
- $15/month service charge waivable with $10,000 minimum
- Overdraft protection available
Savings Account
The BBVA Savings Account will allow you to earn interest on your entire balance. This means that your money will grow just by placing it in your account.
With an interest rate of 0.010%, it's not on par with the Money Market Account, but it will still put your money to work for you. This account is great for an emergency fund or for planning out upcoming purchases.
There is a $15 quarterly service charge that comes with this account as well as a $3 per quarter charge for paper billing statements.
With a minimum account balance of $500, these service charges can be waived. Also by opting in for electronic bank statements you can eliminate the $3 paper statement charge as well.
Savings Account Highlights
- Earn interest on entire balance
- No ATM charges at USA BBVA ATMs
- $25 minimum opening deposit
- $15 charge waivable with $500 balance
BBVA CD Account
The CD (Certificate of Deposit) Account at BBVA allows you to pick the length of your savings term and the corresponding interest rate that comes with it. The longer the term, the more interest you can earn on your money.
This is great for taking advantage of higher interest rates compared to a traditional savings account. There are 4 main CD options ranging from 11 months to 36 months.
There are no maintenance charges and you will be able to monitor your CD 24/7 online from anywhere in the world. Below are the interest rates for CD accounts opened online.
Rewards Credit Cards
As a versatile banking solution, BBVA is also a great choice for a solid rewards credit card. You can earn unlimited 2% rewards on all your purchases with a qualifying monthly direct deposit from your BBVA savings, money market, or checking account.
There is no annual service charge that comes along with this rewards credit card and you can earn a $100 account credit when you make $1,500 in purchases in the first 90 days of opening your account.
With added security, you can block and unblock your credit card at any time by using the award winning BBVA mobile app. Transaction alerts are also helpful in seeing when your card has been used.
Rewards Credit Card Highlights
- $100 credit with $1,500 spent within 90 days
- Security monitoring of every transaction
- Unlimited 2% rewards on all purchases
- Can block cards from the mobile app
Online Mobile Banking App
With BBVA being a leader in mobile and online banking for many years, it's no surprise that they now have the world's best mobile banking app. It allows you to perform all your banking tasks without the need for visiting a physical branch location.
For those who love to make the most of their time, the BBVA mobile banking app is a life saver. The fingerprint authentication also makes it secure so that no one can gain access to your funds but you.
Sending money or viewing PDF versions of your bank statement can be done in seconds on the BBVA mobile app. It also allows you to switch between different languages which is a plus.
BBVA Mobile App Highlights
- Fingerprint authentication
- Transfer money in seconds
- Named best banking app
- Multiple languages available
Branch Locations and Reliability
For those who prefer to do their banking in person, you can choose between over 649 physical locations to visit all over the United States. There are even more branches available in multiple countries as well.
BBVA is among one of the top 25 banks that you can choose from and with the quality of service provided, it will only continue to grow as they expand and add new features to their mobile app and online banking options.
Conclusion
These are just a few of the services offered by BBVA bank. With mortgage, small business, and loan services, this world class banking option can serve the needs of most people with ease.
Be sure to visit BBVA and see if one of their versatile bank accounts will suit you. Without a doubt, they have established themselves as one of the best banks in the country and don't seem to be slowing down anytime soon.
Research which bank account is best for your individual needs and choose accordingly. Whether it's saving for a purchase, gaining interest on your money, or having access to a free checking account, BBVA is a great banking option to help manage your money.
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