Adiós Comisiones Program

In accounts without an active passbook

No administration or maintenance fees in the account.

In accounts with an active passbook

• No administration fees.
• Reduced maintenance fee: €10 a year.

A passbook is considered active provided that it has been updated in the last 12 months.

No maintenance fees, or "Reduced maintenance fees" will be applied to accounts that meet the conditions detailed under "Specific program requirements", as well as the following:

• Any of the account holders are under 30 years of age, or,
• The account receives regular monthly payments for contributory and supplementary pensions from Social Security amounting to at least three hundred (300) euros. 
• One of the account holders must be the main holder of the financial products listed under "Specific program requirements" with an average monthly balance of twenty-five thousand (25,000) euros or more.

In the cards

No annual issuance and maintenance fees for one of the credit or debit cards detailed in the ANNEX that are directly debited from the account and issued in the name of one of the account holders

• One card per account holder will be exempt from this annual fee. If there are several cards in the name of the same account holder, the card that has the highest annual fee will be exempt, provided that there was not another exemption from paying another annual card fee in the current calendar year.
• If there are several cards in the name of the same account holder, the card that has the highest annual fee will be exempt, provided that there was not another exemption from paying another card fee in the current calendar year. If there are more than one of the same amount, the card with the most recent contract will be the card that benefits.

Checks

No fees or costs for issuing checks in euros from the account, or clearing or trading fees for domestic check deposits in euros.

The Adiós Comisiones Program fits several types of customer, to this end it includes requirements adapted to the following situations:

a) Customers with a paycheck, pension, unemployment benefit or regular income

This requirement will be met when any of the following types of payments are directly paid into the account and at least one (1) of the additional conditions relating to payments is met. 

Payments paid directly into the account: when any of the account holders receives payments into the account of the types explained below for the corresponding minimum amounts and always for the same type with a single payment each month:

• Paycheck: when the account receives regular monthly transfers of at least eight hundred (800) euros, provided that this transfer is issued in accordance with the coding established for paycheck payments in the banking regulations relating to clearing transfers.
• Pension: when the account receives regular monthly payments for contributory and supplementary pensions from Social Security amounting to at least three hundred (300) euros. 
• Unemployment benefit: when the account receives regular monthly payments ordered by the State Employment Service amounting to at least three hundred (300) euros. 

In the 3 previous cases, paycheck, pension and unemployment, for the requirement to be met, payments of the same type and in accordance with what has been stated in each case must be received in at least 2 of the 4 calendar months prior to each monthly review (each month, it is confirmed whether this requirement is still being met in 2 of the previous 4 months). For example, the months of February, March, April and May are checked in June. If an account has a paycheck paid in in February and a pension paid in in April, the account will not meet this requirement in the review in June.

• Other type of regular income: when the account receives regular monthly transfers, check deposits or cash transfers via SEPA debit of at least eight hundred (800) euros. 
  • Payments received must be for a minimum unit amount of eight hundred (800) euros a month and must have been received in at least 3 of the 4 calendar months prior to each monthly review (each month, it is confirmed whether in the previous 4 months the requirement is met in 3 of the previous 4 months). For example, the months of February, March, April and May are checked in June.
• Provision of pension plans or employee pension plans managed by the BBVA Group when monthly unit payments are received in the account for the same of at least three hundred (300) euros.
  • In this case, the payment must be made in at least 3 of the 4 calendar months prior to each monthly review (each month, it is confirmed whether the requirement is still being met in 4 of the previous 3 months). For example, the months of February, March, April and May are checked in June. 

Additional conditions relating to payments: At least one (1) of the following two conditions must be met

• Bills: Have at least 5 direct debit charges (bills) for services provided by any issuer within the 4 calendar months prior to each monthly review; or 
• Cards: Have a BBVA credit card included in the ANNEX, directly billed to the account and with a minimum of at least 7 credit card purchases made in the 4 calendar months prior to each monthly review. The date the transaction is charged to the credit card is used for calculating the card transactions

b) Account holders who carry out professional or commercial activities on a self-employed basis

This requirement will be met when any of the following types of payments are received in the account and at least two (2) of the additional conditions relating to payments are met. 

Payments received: when payments are made into the account totaling at least six hundred (600) euros of the types explained below, regardless of the payment method. 

The account must receive payments in at least 3 of the 4 calendar months preceding each monthly review. For example, the months of February, March, April and May are checked in June.

Deposit types:

• Cash transfers made by SEPA Debit
• Direct debit payments (bills)
• Cash deposits
• Checks deposited
• Transfers
• Farm payment orders
• From factoring or reverse factoring contracts
• From trading trade credits and documents
• From billing through point of sale (POS) terminals arranged with BBVA
• Provision of pension plans or employee pension plans managed by the BBVA Group.

Additional conditions relating to payments: at least two of the following five conditions regarding monthly payments must be met:

• Monthly payment of social security or professional associations
• Monthly paycheck payment
• Monthly payment of state, regional or municipal taxes
• Monthly direct debit payments (Bills) for services provided by any issuer
• Cards: Have a BBVA credit card included in the ANNEX, directly billed to the account and with a minimum of at least 7 credit card purchases made in the 4 calendar months prior to each monthly review. The date the transaction is charged to the credit card is used for calculating the card transactions

In cases in which customers who are holders of one of the accounts included in the Annex to these terms and conditions, whose business activity is included in the CNO 0029 (Agriculture) or 0061 (self-employed worker in the agricultural or fisheries business), this requirement will be met with the conditions relating to payments in this section, without needing to receive any payments into the account.

c) Customers with an average monthly balance of over €25,000

This requirement will be met when any of the account holders is the main holder of financial products with an average monthly balance of twenty-five thousand (25,000) euros or more. 

The financial products that are considered and the amount that BBVA will use at the end of each day to calculate compliance are:

• 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 taken into account for this calculation.

This requirement must be met in at least 2 of the 4 calendar months preceding each monthly review. For example, in June, the months of January, February, March and April are reviewed.

d) Shareholders

This requirement will be met when any of the account holders holds at least 1,000 BBVA shares.

• The 1,000 shares must be deposited in a single securities account or securities book. The sum of the securities deposited in several securities books will not be counted. 
• Accounts that will enjoy the benefits will, as well as being in the ANNEX, have a securities contract associated as an operational account (for debits and deposits).

This requirement must be met in at least 1 of the 2 calendar months preceding each monthly review. For example, in June, the months of April and May are reviewed.

e) Young people

Under 21

This requirement will be met when all account holders are under 21.

From 21 to 25 years old inclusive

This requirement will be met when all the account holders are within this age range, and the first account holder also meets these additional requirements:

• Cards: Have one of the BBVA cards included in the ANNEX directly billed to the account without any kinds of blocks on it. For example, a card can be blocked because it has not yet been activated with the PIN.
• Multi-channel Contract: Have a multi-channel contract signed. This contract sets out the terms regulating the channels that BBVA makes available to its customers for taking out products and services (website, app, telephone banking, ATM, etc.).
• Cell phone and email: Have a cell phone number and email address in the BBVA database. To do so, just call 900 102 801, or enter them in the private area on bbva.es. 

From 26 to 29 years old inclusive

This requirement will be met when all the account holders are within this age range, and the first account holder also meets these additional requirements.

• Cards: Have a BBVA credit card included in the ANNEX, directly billed to the account and with a minimum of at least 7 credit card purchases made in the 4 calendar months prior to each monthly review. The date the transaction is charged to the credit card is used for calculating the card transactions
• Multi-channel Contract: Have a multi-channel contract signed.
• Cell phone and email: Have a cell phone number and email address in the BBVA database. To do so, just call 900 102 801, or enter them in the private area on bbva.es.

Compliance measurement

• BBVA will review compliance with the requirements each month for each of the accounts included in the program. 
• Each review is carried out with respect to the calendar months prior to each current month.
• A calendar month is the period between the first and the last day of each month, both inclusive.
• In each requirement, the months taken into account in each review for confirming compliance have been indicated using an example.
• If the requirements defined under Specific Program Requirements are not met in the month corresponding to the settlement, the conditions relating to the payment of fees will be applied as set out in the checking account and/or credit or debit card contract for the entire settlement period, and, therefore, the benefits described under "Benefits offered" will not apply.
• If the monthly review confirms that the account meets the requirements, the Program's benefits will continue until the next review and will be automatically applied to the settlement of the account administration and maintenance fees, the annual issue and maintenance fee for associated cards and the issue and clearing fee for checks that may be written during the month in question.

Settlement dates of each fee

• Administration and maintenance of the account: it is carried out on the date set out in the account contract. The most common settlement frequency is biannual (in June and December), but there are also accounts with quarterly, monthly settlements, etc.
• Annual card issue and maintenance fee: performed on the date stated in the specific conditions of the card contract. .
• Fees for issuing and paying checks: the day on which the transaction is performed.

The BBVA Adiós Comisiones program is applicable automatically and you may receive its benefits simply by having an active account and meeting the eligibility requirements. You do not have to fill out a registration form or any additional document.

Without prejudice to the savings obtained through this Program, the terms and conditions agreed for each product affected by it will remain in force. These terms and conditions may not be considered amended or replaced in any way and are applicable if the requirements detailed under "Specific program requirements" are not met. 

The Bank will not apply the exemptions in the following cases: 

• If the account is cancelled for any reason
• If the requirements and conditions proving entitlement to exemptions are no longer being met
• When, in the Bank's opinion, one of the account holders has engaged in fraudulent activity in order to obtain the exemption.

The benefits listed have an indefinite duration, although BBVA reserves the right to modify the terms and conditions of the Program or cancel it at any time.

If the Bank decided to modify or cancel the Adiós Comisiones Program, it would notify the program's beneficiaries. This notification will be made two months in advance by personal notice to customers benefiting from the Program.

Customers can resolve any doubts they may have relating to the application or interpretation of this Program at any BBVA branch, or by writing to:

BBVA Customer Care Service

PO Box 1598

28080 Madrid