How much does it cost to open an online current account with BBVA?

For you, the BBVA online current account is fee-free, with no opening or account maintenance fees.

What are the requirements for opening a BBVA current account?

The following requirements are necessary to open an online BBVA current account: You must be at least 18 years old. You must live in Germany. You will need a smartphone. You must be in possession of a valid identification document.

What documents are required to open a free current account?

You can use one of the following valid documents to open the current account: German identity card Passport

Are joint accounts available at BBVA?

No, currently the BBVA current account can only be held in the name of a single person.

How is the interest on my BBVA current account balance calculated?

At BBVA, you earn money every day because the interest on your current account is calculated daily. For this purpose, the annual gross rate of 3% is converted pro rata to the daily amount (3% x daily amount / 365 days). The total earnings gained during the month will be credited to your account at the beginning of the following month.

When will I receive the accrued interest?

Interest is calculated monthly and credited directly to your BBVA current account in the first few days of the following month – less any applicable taxes, depending on your individual situation.

What is the maximum balance subject to reimbursement?

The maximum amount to which the remuneration applies is €500,000. No interest will be paid on amounts exceeding this amount.

Is the BBVA current account balance the only one that earns interest?

The interest is paid on the balance of the BBVA current account plus the balance of the online savings account, provided it is active. Interest accured will be credited in full to the BBVA current account.

What if I need to withdraw money from my account?

You can withdraw your money from your BBVA current account at any time.

What happens if I close my online savings account?

If you close your online savings account, the interest accrued up to the closing date will be calculated from the first day of the month and credited directly to your BBVA current account – less any applicable taxes, depending on your individual situation.

What happens if I close my BBVA current account?

No interest will accrue in the month in which the BBVA current account is closed.

How do I close my BBVA current account?

Access your online banking via bbva.de. At our home page, click Profile > Personal data and Settings > Close account in the top right corner. This procedure is not available in the app. To close your account, you must have a balance of €0 or more and not have an active savings account.

Are there any fees for closing my BBVA current account?

Closing the account is free of charge. You can find further information on bbva.de under the General Terms and Conditions in the tab "Framework Agreement (Current Account and Pay&Plan)." Then click on the "BBVA Current Account Information Sheet."

Until when will I receive interest?

Our aim is to always offer interest in the long term. The interest rate depends on market conditions. You can find further information at bbva.de.

How much are your tax deductions?

Tax deductions are applied to the interest credited. There are three mandatory deductions: Capital gains tax (withholding tax): 25% of the credited interest. Solidarity surcharge: 5.5% of the capital gains tax. Church tax (if applicable): 8% or 9% of capital gains tax, depending on the federal state, if the customer belongs to a church.

Can I open a business current account at BBVA?

BBVA currently only offers a current account for private customers; Opening a business or company account is not possible.

What is the bank code of BBVA?

The bank code is 5003 and the branch number is 1900. These correspond to the first eight digits of our IBAN.

What is the SWIFT/BIC code?

The SWIFT code or BIC (Bank Identifier Code) is used to identify the receiving bank of a transfer (or destination bank). It is an international alphanumeric code that can consist of 8 or 11 characters: 8-digit code: Contains information about the bank, country, and city. Example: AAAA (bank code) BB (country code) CC (city code). 11-digit code: In addition to the data we just saw, the last 3 characters contain information about the branch. If there is no information about the branch, it is assumed that it is the bank's main office. Example: AAAA (bank code) BB (country code) CC (city code) XXX (branch code).

What is the SWIFT/BIC code of BBVA Germany?

The BBVA SWIFT/BIC code is BBVADEFFXXX.

Can I open a current account for minors?

It is currently not possible to open a current account for third parties, including minors.

How much does it cost to set up direct debits on a BBVA current account?

With the direct debit procedure, you can have payments automatically debited from your BBVA account without having to worry about payment deadlines. The direct debit service is free of charge. Contact the payee to obtain a SEPA direct debit mandate in which you can enter the IBAN of your BBVA account. If the direct debit is already being collected by another bank, you can make the change directly in the app: Click on “Show more” and select "Transfer direct debits."

How much does a transfer cost?

SEPA standard and real-time transfers are free of charge.

How do I check the transfers I have made?

Log in to your online banking. Select your account in the app and click on “Search by transaction.” If you're accessing this via your browser, move your mouse pointer over your account on the home page and then click "Select" > “View transactions” > “Search.”

What is a standing order?

These are transfers that are to be carried out regularly at a certain frequency (weekly, biweekly, monthly, etc.).

How do I set up a standing order?

Log in to your online banking. In the app: Select your account and click "Make a transfer." Enter the requested information and select "Standing order."

What is the maximum amount for a SEPA transfer?

You can make SEPA standard transfers up to a daily maximum of €10,000 per transaction.

What should I do in the case of theft at an ATM?

First, you must block your card through one of the following two ways: Via your online banking, the BBVA App or by calling +49 69 58 996 454. Via online banking or the App, by selecting “Restrict functions” and deactivating the card. If you decide to deactivate your card, you can reactivate it at any time without having to apply for a new debit card. If you block the card instead, we will automatically send you a new card. Please remember to always report a case of theft to the police.

I have forgotten the password for online banking access, how can I recover it?

On a PC, go to: Log in > Login details > Restore login details > I forgot my password > Continue and follow the instructions. In the app, click on "Forgot your password?" and follow the instructions. To create a new password, make sure you have the following on hand: Your BBVA username. Your mobile phone to receive the security code via SMS. The PIN of your BBVA debit card to confirm the action.

What is a bank certificate?

A bank certificate is a document issued by the bank that officially certifies that a specific person or organization is the holder of a specific current account with that bank.

What is a garnishment protection account (P-account)?

A P-account allows account holders to access funds up to a legally set threshold (currently EUR 1,491.75 per month from 2024) to prevent debtors from getting into situations where they cannot make necessary expenses or pay rent due to an account garnishment. Account holders can request to convert their current account into a P-account at any time.

What is an account garnishment?

The bank account garnishment process is a legal procedure that allows a creditor to collect funds from a debtor's bank account. The account garnishment process occurs when a creditor is legally entitled to obtain funds from a debtor's bank account. This process is regulated in Germany by various laws and regulations to ensure both the rights of the creditor and the protection of the debtor. The most important legal bases are the Code of Civil Procedure (ZPO) and the seizure protection account (P-account).

How high is the seizure exemption limit (the P-account allowance)?

The basis is the monthly flat-rate basic allowance, which is adjusted annually on July 1. As of July 1, 2024, this will amount to EUR 1,491.75. This amount must be rounded up to the nearest EUR 10, resulting in EUR 1,500.00. The flat-rate basic allowance can be increased according to Section 902 of the Code of Civil Procedure. The bank may only take these increases into account if corresponding evidence has been provided.

How does the seizure protection on a P-account work, and what are the legal bases?

The seizure protection on a P-account takes place in the following three stages: Level 1 – Basic allowance: The P-account is automatically protected against seizure. If the account is already a P-account, the debtor does not need to take any further steps. The type of income and the timing of the payments (whether at the beginning, middle, or end of the month) have no influence on the protection against seizure. Legal basis: § 899 para. 1 sentence 1 ZPO. Level 2 – Additional allowances: The basic allowance can be increased under certain conditions according to Section 902 of the Code of Civil Procedure. Increases apply e.g. for maintenance payments, social benefits for household members, one-off and compensatory social benefits, or child benefit. Legal basis: § 902 ZPO. Level 3 – Different non-seizable amounts: Upon application, the enforcement court will determine an amount protected from seizure that differs from the basic allowance and the additional allowances. This is typically the case in the following situations: Seizure for maintenance claims or intentional crimes. The court allocates excess income to the debtor. The court increases protection for health-related needs. Legal basis: § 906 ZPO, § 850f ZPO. The basic allowance can be increased under certain conditions according to Section 902 of the Code of Civil Procedure. Increases apply e.g. for maintenance payments, social benefits for household members, one-off and compensatory social benefits, or child benefit. Legal basis: § 902 ZPO. Level 3 – Different non-seizable amounts: Upon application, the enforcement court will determine an amount protected from seizure that differs from the basic allowance and the additional allowances. This is typically the case in the following situations: Seizure for maintenance claims or intentional crimes. The court allocates excess income to the debtor. The court increases protection for health-related needs. Legal basis: § 906 ZPO, § 850f ZPO.

What are the costs associated with the P-account?

P-accounts must be offered at the usual account management fees without additional charges.

Who is entitled to open a P-account?

Any consumer (natural person) can claim this right, or a legal representative can claim it on behalf of the consumer. Heirs cannot claim this right for the account of a deceased customer. Heirs cannot claim this right for the account of a deceased customer. In addition, a P-account is immediately closed upon the death of the customer.

Can I have multiple P-accounts?

No, each consumer may only have one P-account.

Free BBVA current account, forever

Your free current account with 3% interest p.a.

Name: How do you calculate the interest rate on a current account?
Uploaded: 2025-06-20T10:55:00.000Z
Description: How do you calculate the interest rate on a current account?

Permanently fee-free with a monthly interest credit: Secure yourself 3% interest p.a. on your balance for 12 months. And after that? One guaranteed interest rate for 5 years. No salary deposit or minimum balance required.

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Free current account, forever

Fee-free, and long-term. Ideal for your daily finances, your savings and more financial flexibility.

Interest paid into your account every month

Automatic interest on balances up to €500,000. Includes monthly credit, without conditions.

Interest, now and in the future

3% interest p.a. on your balance for the first 12 months, followed by long-term variable interest.*

Debit card with cashback

With your free physical and digital debit cards, you get cashback on all your purchases.

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Any questions?

The stated interest rates are gross interest rates, i.e. the currently applicable taxes have not yet been taken into account. When calculating the interest, it was assumed that the balance on the current account – including any savings account balance – would remain unchanged throughout the entire period. Should the balance change, this would affect the calculated interest amount. This offer requires the initial opening of a BBVA current account starting on June 26, 2025 or later and is valid for the first 12 months after opening an account.

The annual interest rate is calculated on amounts up to a maximum of €500,000. Interest is calculated daily based on your account balance at the end of each day and credited monthly, minus applicable tax deductions.

For the first 12 months after you have opened your account, the gross interest rate is 3% p.a. After these first 12 months, the balance will bear interest at a rate of 25% of the ECB deposit facility rate for a period of 5 years starting on the date that the account is opened. The interest rate is adjusted quarterly. The calculation is based on the interest rate for the ECB deposit facility, which is determined on the day before the new quarter. The current ECB deposit facility rate can be viewed at www.ecb.europa.eu. The bank will notify the customer of the current interest rate at the beginning of each quarter.

The interest rate is calculated based on the sum of the current account balance and the Sparbox, and is credited every month to the current account.

Further information is available at www.bbva.de/en/ .

How do you calculate the interest rate on a current account?

With your savings account, your balance grows automatically – month after month.

A free feature of your current account that helps you reach your savings goals.
3% interest p.a.: The interest rate is based on the current interest rate of the current account.
Set your own automatic rules to save effortlessly.

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The card for every day: Pay in store or online, withdraw cash, pay for purchases in installments and receive real cashback as a credit to your account –
all with the flexibility and security you need.

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Get up to €90 cashback on your daily purchases with the debit card. Real money, directly into your account every month. Valid for monthly purchases up to €250.
And it gets even better: Invite your friends to BBVA and get up to €240 extra.

Financial Control

Expense Analysis and Multibanking (available soon) help you keep track of your finances.

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Security

Secure transactions thanks to biometric access and innovative security features.

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Flexible Financing

Pay for your purchases in installments with Pay&Plan and use an overdraft facility or instant loan (available 3 months after the account has been opened).

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Save easily with your savings account, automatic savings rules, and Flexible fixed-term deposit.

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Change your account 100% online and for free, without bureaucracy and paperwork.

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Get support from our German-speaking team at any time, any day of the week. Our English-speaking customer service is here for you from 7 a.m. to 9 p.m.

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Any questions?

*This offer requires that the BBVA current account be opened on June 26, 2025 or later and is valid for the first 12 months after the account is opened.

The annual interest rate is calculated on amounts up to a maximum of €500,000, with no minimum amount. Interest is calculated daily based on your account balance at the end of each day and credited monthly, minus applicable tax deductions.

For the first 12 months after you have opened your account, the gross interest rate is 3% p.a. After these first 12 months, the balance will bear interest at a rate of 25% of the ECB deposit facility rate for a period of 5 years starting on the date that the account is opened. The interest rate is adjusted quarterly. The calculation is based on the interest rate for the ECB deposit facility, which is determined on the day before the new quarter. The current ECB deposit facility rate is available at www.ecb.europa.eu. The bank will notify the customer of the current interest rate at the beginning of each quarter.

The interest rate is calculated based on the sum of the current account balance and the Sparbox, and is credited every month to the current account.
You can find further information at www.bbva.de/en/.

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Your free current account with 3% interest p.a.