BB Americas offers the following interest bearing accounts: Savings account, Money Market account and Certificate of Deposit (CD) account. To see the current interest rates offered for these accounts please visit our rates page.
You may view the interest rate for the Savings, Money Market and CD account, here.
The Money Market account is a tiered account that offers different interest rates according to the total available balance per statement cycle. The account offers daily liquidity. You are able to make unlimited deposits and ATM Withdrawals along with an additional six transactions per statement cycle. There is a minimum balance requirement to earn interest and to waive the monthly service fee
The CD account offers different interest rates according to the time period for which the full amount deposited will be withheld with no liquidity. After the account is opened, no transactions or deposits are allowed.
No, you may not. Once your CD account is open, the funds deposited are held for the length of the term chosen, until it matures. You will be able to add new funds once it matures and you will have a 10 day grace period to do so.
Yes. However, you will be accessed an “Early Withdrawal Penalty fee”. Here is how the early withdrawal penalty fee is applied:
Here is how you can add funds to your account:
Accessing your money is simple. You can:
A cashier’s check may be requested via our Customer Service line or personally at one of our branches.
We would like to remind you that considering that we need to validate your signature, owners of accounts that were opened online (E-Classic e E-Money Market) will not be able to request cashier’s checks through the Customer Service line. In order to make any transactions that require signatures, you will have to visit one of our branches.
To change your “tax ID” (CPF to SSN) on your account, please contact your branch directly.
Regulation D is a federal law that limits the number of transactions you can make on non-transactional accounts, such as Savings and Money Market accounts. Regulation D allows you to make six transfers and/or withdrawals per statement cycle, according to the criteria shown below. Any additional transaction made after that will incur a $20.00 excessive activity fee. If you continue to exceed these limits, the bank will notify you and your account will be closed or converted into a regular checking account. See below the types of transactions impacted by Regulation D:
Transfers and Withdrawals
Transfers and Withdrawals
Transfers to another account of the same owner at the same financial institution when made:
Withdrawals made by telephone only when:
To update your email address and US phone number, please login to your Online banking account and visit the “Profile” section. To update international phone numbers and/or address, please contact our Customer Service Center.
To change your name on your account, please contact your branch directly.
To include or remove a signer on your account, please contact your branch directly.
To reactivate your account, please contact Customer Service.
To close your account, just visit one of our branches or contact Customer Service. We would like to remind you that accounts opened more than 6 months ago may be closed only when it has a zero balance.
To close an account that was opened in less than 6 months, an early closure fee will be applied as specified in the Schedule of Fees. For these cases, please leave enough funds in the account to cover the fee.
Your bank statements are available online at no cost. Please login to the online banking and select the statement option. To obtain a paper copy of your statements, your account will be charged an hourly fee for research and a fee per printed page according to the Schedule of Fees. The statement will be printed on letterhead and sent to the mailing address registered on the account.
Dormant accounts are accounts without any activity for twelve months. After a year of inactivity, the account is considered Dormant and a monthly fee is applied to the account. Please see our schedule of fees.
To re-open an account, bank management will have to evaluate the case. Please contact your branch directly.
The “Stop Payment” service is available through your online access. The fee for this service will be deducted from your account balance according to the Schedule of Fees.
Please be aware that we do not stop recurring payments permanently; i.e. an automatic debit set-up to reoccur on a defined schedule. In these cases, you will need to request a stop payment for each individual payment according to the set-up schedule. To permanently cancel a recurring debit, you will need to cancel the process with the merchant or service provider with whom you registered the automatic debit.