Companies Demand Deposit Account
The ideal solution for managing your company's day-to-day business
- It can be opened in euros or foreign currency;
- It gives you access to different solutions to support the development of your projects;
- Through BBVA Digital Channels for companies you can manage and monitor your accounts, wherever you are;
- With BBVA cash-pooling solutions you can optimize your cash flow by centralizing balances in a single current account.
Simplify your company's daily life
- Consult the balance and transactions of your company's current accounts
- Make or schedule your payments and transfers
- Configure the alerts you want to receive on your cell phone/email
- Other day-to-day operations
Become a BBVA customer
- At BBVA we want to help your company go further with the best financing solutions.
- We invest in digital innovation and work to make your life a little easier.
- We work transparently, clearly, and responsibly with a focus on your success.
Requirements
See how to open the Companies Demand Deposit Account.
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Documentation needed to open the Companies Demand Deposit Account
Companies Demand Deposit Account
- Deed of incorporation or amendment of the company or its publication in the Official Gazette.
- The documentation required to open an account must be original or a faithful copy of it. Faithful copies are copies authenticated by a notary, lawyer, or any BBVA Branch.
- Minimum deposit of €750.00 (seven hundred and fifty euros).
Costs
See the inherent costs of the Companies Demand Deposit Account.
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Account Maintenance Fee
- Customer Network of Commercial Banking Branches*
A fixed annual amount of €240.00 (two hundred and forty euros) will be due, charged monthly at €20.00 (twenty euros), as well as the respective Stamp Tax at the rate of 4%. - Customer Network of Corporate and Business Banking or Network of Global Customers*
A fixed annual amount of €300.00 (three hundred euros) will be due, charged monthly at €25.00 (twenty-five euros), as well as the respective Stamp Tax at the rate of 4%.
Credit Overrunning- Credit overrunning must be accepted by the Bank. In case of acceptance, the rate to be applied will be 29% (APR), with quarterly payment of interest. Interest won't be charged on amounts that are less than €0.50 (fifty cents).
- 2% commission (with a minimum of 25 euros) on the largest monthly debt balance.
- Applicable Stamp Duty:
- i) at the rate of 0.04% on the monthly average obtained from the sum of outstanding balances calculated daily, throughout the month, divided by 30;
- ii) at the rate of 4% on the value of interest and commissions.
- Customer Network of Commercial Banking Branches*
Documents
See all the documentation concerning the BBVA Companies Demand Account.
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List of documents concerning the Companies Demand Deposit Account:
*Customer Network
The Bank reserves the right to allocate Customer Management to one of the Networks, subject to compliance with the applicable legal and prudential requirements.
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BBVA Express
Don't worry about coming to the bank, we go to your company.
Sign up for BBVA Express and simplify the day-to-day life of your company. It is a direct channel with the bank that facilitates your day-to-day life and ensures the effective management of your company. -
Account switching service
To change the domiciliation of your payment account to BBVA.
Ask BBVA, on an individual basis, which tasks you wish to fall under the account change service and the date they are to be performed.
Account closure
To request account closure, you must complete the account closure form. It must be duly signed by the company, in accordance with its binding form, and completed with the authorization of the procedures to be carried out by the Bank for each of the credit products.
The account closure form must be sent by email to encerramentoconta.pt@bbva.com. Alternatively, it can be sent via registered mail to BBVA, SA – Branch in Portugal, Attention: Operational Control, located at Av. da Liberdade 222, 4th Floor, 1250-148 Lisbon or delivered in person to a BBVA branch.
