Elección Account

The Maintenance Service of the Elección Account will have €0 fees if you meet one of these conditions:

• If you meet a requirement of income + one payment + one BBVA product.
• If you have one of the savings products specified below for at least €25,000.
• If you have at least 4,000 BBVA shares.

If you only meet one requirement of income + two payments, the fee will be €15 per quarter (€60 a year).

In the other cases, the fee will be €40 a quarter (€160 per year).

We explain the requirements you should meet to avoid paying fees for the Elección Account Maintenance Service:

To meet this requirement, you need to receive any of these deposits:

• Direct deposit a paycheck of over €800 in at least 2 of the 4 calendar months preceding each monthly review.
• Receive a pension payment or an unemployment benefit of over €300 in at least 2 of the 4 calendar months preceding each monthly review.
• Receive periodic payments of over €800 in at least 3 of the 4 calendar months preceding each monthly review.
• Receive a payment from a pension plan or retirement plan of over €300 in at least 3 of the 4 calendar months preceding each monthly review.

To satisfy this condition, you need to make any of these payments:

• Bills paid by direct debiting: pay 5 charges.
• Make 7 purchases with a BBVA credit card direct debited from the account. Keep in mind that the review will be done when the charge is posted to the credit card, which does not have to match the date of the purchase.

You must make one of these payments during the 4 calendar months preceding each monthly review.

 

To satisfy this condition, you need to have at least one of these products:

• An active loan with up-to-date payments in any of the 3 calendar months preceding each monthly review.
• An active mortgage with up-to-date payments in any of the 3 calendar months preceding each monthly review.
• A Life, Funeral, Health, Home, Car or Business insurance policy sold by BBVA, purchased by at least one account holder and active in one of the 3 calendar months preceding each monthly review. Mini-insurance and, in general, Payment Protection Insurance products are not eligible.
• An activated BBVA credit card, with a minimum expense of €200 (for purchases of any amount) in the 4 calendar months preceding each monthly review. Keep in mind that the review will be done when the charge is posted to the credit card, which does not have to match the date of the purchase.
• One of these savings products with an average monthly balance of over €5,000:
  • Investment Funds, ETFs, SICAVs (Open-Ended Investment Companies not included), Pension Plans, Unit Link: net asset value.
  • - BBVA ISSPs, BBVA Europlazo, BBVA Annuities, BBVA Guaranteed Annuities, BBVA Variable Annuities, BBVA Deferred Annuities, BBVA Guaranteed Benefit Plan Annuities and BBVA Accumulated Guaranteed Benefit Plan: balance after tax withholding.

Employment Pension Plans are not eligible.

The financial products must be in effect in at least 2 of the 4 calendar months preceding each monthly review. In other words, if the review is in June, we will take into account the months of January, February, March and April.

In addition to the 3 conditions of income + payment + BBVA product, you can save on fees only by meeting one of these conditions:

Specifically, we will consider:

• Investment Funds, ETFs, SICAVs (Open-Ended Investment Companies not included), Pension Plans, Unit Link: net asset value.
• BBVA ISSPs, BBVA Europlazo, BBVA Annuities, BBVA Guaranteed Annuities, BBVA Variable Annuities, BBVA Deferred Annuities, BBVA Guaranteed Benefit Plan Annuities and BBVA Accumulated Guaranteed Benefit Plan: balance after tax withholding.

Employment Pension Plans are not eligible.

You must satisfy this requirement in at least 2 of the 4 calendar months preceding each monthly review. In other words, if the review is in June, we will take into account the months of January, February, March and April.

The shares must be deposited in a single securities account or securities book (associated with this Account as an operational account for payments and charges).

You must satisfy this requirement in at least 1 of the 2 calendar months preceding each monthly review.

 

The Maintenance Service of the Elección Account will have €0 fees if you meet one of these conditions:

• If you meet a requirement of income + two payments + one BBVA product.
• If you have one of the savings products specified below for at least €25,000.
• If you have at least 4,000 BBVA shares.

If you only meet one requirement of income + two payments, the fee will be €15 per quarter (€60 a year).

In the other cases, the fee will be €40 a quarter (€160 per year).

We explain the requirements you should meet to avoid paying fees for the Elección Account Maintenance Service:

To meet this requirement, you need to receive at least €600 a month in any of these options:

• Cash transfers and deposits.
• Deposit of checks, commercial documents and trade credits.
• Remittance payment.
• Farm payment orders.
• Income from factoring or reverse factoring.
• Income from POS terminal.
• Payment from a BBVA Personal or Employee Pension Plan.

You must satisfy this requirement in at least 3 of the 4 calendar months preceding each monthly review.

To satisfy this condition, you need to make two of these payments:

• Monthly social security or professional association payments of €175 or more in at least 2 of the 4 calendar months preceding each monthly review.
• Monthly paycheck payment of at least €600 in at least 2 of the 4 calendar months preceding each monthly review.
• Monthly tax payment of at least €100 in at least 1 of the 3 calendar months preceding each monthly review.
• Pay 5 direct debit charges during the last 4 calendar months preceding the monthly review.
• Make 7 purchases with the BBVA credit card, direct debited to the account, in the 4 calendar months preceding each monthly review. Keep in mind that the review will be done when the charge is posted to the credit card, which does not have to match the date of the purchase. 

To satisfy this condition, you need to have at least one of these products:

• An active loan with up-to-date payments in any of the 3 calendar months preceding each monthly review.
• An active mortgage with up-to-date payments in any of the 3 calendar months preceding each monthly review.
• A Life, Funeral, Health, Home, Car or Business insurance policy sold by BBVA, purchased by at least one account holder and active in one of the 3 calendar months preceding each monthly review. Mini-insurance and, in general, Payment Protection Insurance products are not eligible.
• An activated BBVA credit card, with a minimum expense of €200 (for purchases of any amount) in the 4 calendar months preceding each monthly review. Keep in mind that the review will be done when the charge is posted to the credit card, which does not have to match the date of the purchase.
• One of these savings products with an average monthly balance of over €5,000:
  • Investment Funds, ETFs, SICAVs (Open-Ended Investment Companies not included), Pension Plans, Unit Link: net asset value.
  • - BBVA ISSPs, BBVA Europlazo, BBVA Annuities, BBVA Guaranteed Annuities, BBVA Variable Annuities, BBVA Deferred Annuities, BBVA Guaranteed Benefit Plan Annuities and BBVA Accumulated Guaranteed Benefit Plan: balance after tax withholding.

Employment Pension Plans are not eligible.

The financial products must be in effect in at least 2 of the 4 calendar months preceding each monthly review. In other words, if the review is in June, we will take into account the months of January, February, March and April.

In addition to the 3 conditions of income + payment + BBVA product, you can save on fees only by meeting one of these conditions:

Specifically, we will consider:

• Investment Funds, ETFs, SICAVs (Open-Ended Investment Companies not included), Pension Plans, Unit Link: net asset value.
• BBVA ISSPs, BBVA Europlazo, BBVA Annuities, BBVA Guaranteed Annuities, BBVA Variable Annuities, BBVA Deferred Annuities, BBVA Guaranteed Benefit Plan Annuities and BBVA Accumulated Guaranteed Benefit Plan: balance after tax withholding.

Employment Pension Plans are not eligible.

You must satisfy this requirement in at least 2 of the 4 calendar months preceding each monthly review. In other words, if the review is in June, we will take into account the months of January, February, March and April.

The shares must be deposited in a single securities account or securities book (associated with this Account as an operational account for payments and charges).

You must satisfy this requirement in at least 1 of the 2 calendar months preceding each monthly review.