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BBVA Online Account With No Fees

BBVA Online Account With No Fees

The BBVA Online Account is a checking account with no fees or conditions, and no obligation to set up direct billing for your salary or bills, while still offering all the benefits of BBVA as if you did. You can now also open it with two account holders.

  • Free transfers(1) to any bank, from any device.

  • No administration or maintenance fees for your account.

  • Free cash withdrawals at over 6,000 BBVA ATMs.

Contract nowDo me customer and contract

  • Risk level

    / 6

    This number indicates the product risk, with 1 / 6 representing the lowest risk and 6 / 6 representing the highest risk.

    • BBVA is affiliated with Spain's Deposit Guarantee Fund for Credit Institutions. The maximum amount guaranteed is €100,000 per person for the total of all deposits established at BBVA.

Contracting

The BBVA No Fee Online Account can only be opened online: from the website or from your cell phone or tablet.

Website or tablet

Using a simple process (that takes between 9 and 14 minutes), you can become a customer today and have your account operating in just a few days. Remember that you must submit (or attach during the application process, via email or a messenger who will come to your home) the required documentation (photocopy or scanned DNI). If you open an account with two account holders, you will need to submit the documentation for both account holders.

Cell phone

If you have an Android cell phone or iPhone, you can use it to become a customer and have your account operating on the same day.

Card

If you are not yet a customer, when you open a BBVA Online Account, you also sign up for a BBVA Ahora debit card. This debit card has no issuance costs or annual fee. If there are two account holders, each will receive a free debit card.

If you are already a customer you can still request a debit card, but it is not included within the contract for the Online Account With No Fees.

Two account holders

If you are not yet a customer, you can open your BBVA Online Account with two account holders directly via the website. We recommend that both account holders be present during the registration process, with their respective documentation ready (DNI/TIE) and a cell phone on hand to sign the contracts via SMS.

If you are already a customer, you can also open your BBVA Online Account with two account holders during the contact process. These account holders must also be BBVA customers and must have all of their documentation completed and in order.

ATMs

Withdraw cash for free at over 6,000 BBVA ATMs.

These BBVA ATMs are equipped with very advanced technology that lets you withdraw cash with or without a card; make deposits, pay bills, view your transactions, etc.

If you want to find the BBVA ATM closest to you, you can use the ATM locator feature and we will tell you how to get there.

View your account entries and digital statement

View your account entries and account statement from our website or else on your cell phone or tablet.

You can also receive notifications by email about your card transactions and salary deposits as well as your monthly statement.

Salary, bills, and payments received

The Online Account With No Fees does not require you to have your salary directly deposited or pay any bills by direct debiting.

You also now have the option to use the BBVA app to change the direct debiting for your bills, using just a single photo. Also, from the BBVA app and website you can pay bills that are not direct debited, set up depositing of your salary, and pay your taxes.

Passbook and checkbook

The online account with no fees does not include a passbook or checkbook.

1(*) At bbva.es there is no fee for transfers made in Euros, Swedish Krona, or Romanian Leu within the European Economic Area (members of the European Union + Iceland, Liechtenstein and Norway). Excludes electronic transfers, emergency transfers, Fund Movement Orders (FMOs), Value Day transfers, and instant transfers. For transfers which are not included, accompanying expenses and transfer fees established for these purposes do apply.

2 You must first register in Digital Statement in Customer Access - My Profile - My Mail and Reports, Reports, I want a Digital Statement.

Fees Costs
Maintenance and administration for your account
€0
Cost for direct depositing of your salary or pension income €0
Annual fee for the card (for new customers)
€0
Transfers from bbva.es or from BBVA ATMs €0
Cash withdrawals at BBVA ATMs in Spain
€0
Cash withdrawals at non-BBVA ATMs See note 1
Cash withdrawals at ATMs in other countries 4.50% (minimum €3.50)
Account overdraft Interest rate of 7.25% (NIR). Charged every 6 months Minimum €15

€4.50 on the overdraft   


Note 1: For cash withdrawals at an ATM other than one belonging to an entity from the BBVA Group, in Spain in euros, BBVA will charge the same amount as the fees charged to BBVA by the company that owns the ATM. This amount will be informed by the bank that owns the ATM before the cash withdrawal.

1(*) At bbva.es there is no fee for transfers made in Euros, Swedish Krona, or Romanian Leu within the European Economic Area (members of the European Union + Iceland, Liechtenstein and Norway). Transfers using magnetic media, Fund Movement Orders (FMOs) and Value Day transfers not included. For transfers which are not included, accompanying expenses and transfer fees established for these purposes do apply.

2 You must first register in Digital Statement in Customer Access - My Profile - My Mail and Reports, Reports, I want a Digital Statement.

Who can contract this account?

You can contract this account and enjoy all of its benefits if you are 18 years or older, regardless of whether or not you are already a BBVA customer.

To pay no fees do I need to have my salary directly deposited or pay my bills by direct debit?

You do not need to have your salary direct deposited or pay bills by direct debit to have no fees. The BBVA No Fee Online Account does not involve any administration or maintenance fees. In addition, if you are not yet a BBVA customer and you open this account, we will give a free debit card to each account holder with no annual fee.

Can I also contract this account at a branch?

The Online Account with no fees is only available for contracting through the Internet or on your tablet or cell phone.

Does this account include any type of debit or credit card?

If you are not yet a BBVA customer, when you open a BBVA No Fee Online Account, you also sign up for a BBVA Ahora debit card. There is no annual fee for this debit card.

If you are already a customer, you can also request a debit card, however, it is not included in the BBVA No Fee Online Account contract.

If I only have this account, can I still visit and make use of the BBVA branches?

With the Online Account with no fees from BBVA, you can take advantage of all of the benefits the bank offers you: the services and conveniences offered by our app and website, and of course our branches, ATMs, and advisers as well.

1(*) At bbva.es there is no fee for transfers made in Euros, Swedish Krona, or Romanian Leu within the European Economic Area (members of the European Union + Iceland, Liechtenstein and Norway). Transfers using magnetic media, Fund Movement Orders (FMOs) and Value Day transfers not included. For transfers which are not included, accompanying expenses and transfer fees established for these purposes do apply.

2 You must first register in Digital Statement in Customer Access - My Profile - My Mail and Reports, Reports, I want a Digital Statement.

Online Account + Card Contracts

We want you to become familiar with and understand the contracts and documents that are involved when you contract this account


Account contract:


What is it?

The Contract for your account specifies all of the terms and conditions that are established between BBVA and the account holder. These terms and conditions include:

  • The terms and conditions for the account (viewing the balance; withdrawing cash; managing payments, interest, fees, and overdrafts; cashing checks; etc.)
  • The terms and conditions conditions for the payment services (transfers, bill paying, cards, cash deposits and withdrawals): refunding for bills, cancellation of payments or transfers, etc.
  • The duration of the contract
  • The channels of communication that exist between BBVA and the account holder, the costs of these, and the rights the account holder has to stop receiving communications.
  • The terms and conditions related to any future modifications that may be made to interest rates, fees, or commissions.
  • The various forms of contract cancellation that may be available to BBVA and to the account holder.
  • The Processing of Personal Data.
  • The right to withdrawal in cases where the account holder does not want to continue with contracting of the account.


What does it involve?

If the account holder agrees to the contents of the contract, BBVA will send a text message (SMS) to the cell phone number that the account holder has indicated during the contracting process, and this is how the contract will be accepted and signed.


See example



Card contract:


What is it?

The Contract for your account specifies all of the terms and conditions established between BBVA and the account holder for the debit card. These terms and conditions include:

  • The terms and conditions for the card (purchasing goods and services from vendors adhering to the VISA and MasterCard systems, obtaining cash, etc.): Amount of the transactions, usage limits, forms of identification, annual fee, commissions, etc.
  • The terms and conditions conditions for the payment services (transfers, bill paying, cards, cash deposits and withdrawals): refunding of bills,cancellation of payments or transfers, annual fee, commissions, etc.
  • Duration of the contract.
  • The channels of communication existing between BBVA and the account holder. You can view these in the second clause of the contract for the account.
  • The terms and conditions related to any future modifications that may be made to interest rates, fees, or commissions.
  • The various forms of contract cancellation that may be available to BBVA and to the account holder.
  • The Processing of Personal Data.
  • The right to withdrawal in cases where the account holder does not want to continue with contracting of the card.

What does it entail?

When a card is contracted, BBVA sends a text message (SMS) to the cell phone number the account holder indicated during the contracting process, and this is how the account holder agrees to everything included in the contract and signs it.

Signing a contract for a card means that the account holder is making a commitment to complying with the terms and conditions it includes:

  • Rights: to cancellation, withdrawal, data processing, communications (choosing whether or not to receive commercial notifications and communications), cash withdrawals or advances, transfers, etc.
  • Obligations: for carrying out transactions, verifying identity, safeguarding and preservation of cards, safeguarding of passwords.


See example

Documents for Online Account + Card

And if you are a New Customer you must also sign these documents:


LOP/DAE:



What is it?

This document has 3 parts:

  • Identification of the Customer and Economic Activity Declaration (DAE in Spanish):
    • BBVA requests personal data from the account holder (name, national ID document (DNI), address, email, phone number, etc.).
    • Also, in order to comply with regulations on the prevention of money laundering and financing of terrorism, BBVA needs to know about account holder's professional activity.
  • Processing of the account holder's personal data by BBVA
    • BBVA provides information on the way the account holder's personal data will be used and the account holder's rights in relation to this.
  • Digital signature
    • BBVA also makes it possible for account holders to submit their digital signature using a tablet at a branch.

What does it entail?

It is assumed that BBVA will be able to process your data in order to communicate with you; to send you commercial offers and notify you about any events related to the products you have contracted.

  • Identification of the Customer and Economic Activity Declaration (DAE in Spanish):
    • BBVA must know about the account holder's primary source of income. For this reason the account holder must describe his or her occupation/profession in detail (an employee working for a company, self-employed, student, etc.).
    • It is important for this personal data to be accurate and kept up-to-date.
  • Processing of the account holder's personal data by BBVA
    • Among other purposes, BBVA uses the account holder's personal data to manage the contractual relationship, improve the quality and usability of its products and services, facilitate contracting of other banking products and services, and send commercial communications.
    • The account holder has a right to view his or her personal data, request its modification or deletion in some cases, revoke the consent provided, or request that its use must be limited to certain purposes.

Self-declaration of tax residence

BBVA is obliged under the tax information exchange regulations to collect tax-related information (name, date and place of birth, address, country of residence, etc.) from its customers. If this information is incomplete or incorrect the account may be frozen.

1(*) At bbva.es there is no fee for transfers made in Euros, Swedish Krona, or Romanian Leu within the European Economic Area (members of the European Union + Iceland, Liechtenstein and Norway). Excludes electronic transfers, emergency transfers, Fund Movement Orders (FMOs), Value Day transfers, and instant transfers. For transfers which are not included, accompanying expenses and transfer fees established for these purposes do apply.

2 You must first register in Digital Statement in Customer Access - My Profile - My Mail and Reports, Reports, I want a Digital Statement.