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BBVA Debuts Fully Digital Bank in Germany With 3% Interest and Cashback

BBVA’s licensed mobile bank secures deposits up to €100,000 under the EU scheme with advanced account management tools in its app

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BBVA

Overview

  • The checking account yields 3% annual interest on balances up to €500,000 for the first 12 months without any fees
  • A free debit card offers 3% cashback on purchases up to €250 per month during the introductory year
  • Customers benefit from fee-free SEPA instant transfers, direct debits and a fully digital account switch service
  • Cash withdrawals are available at nearly 70,000 ATMs and collection points in Germany with free EU withdrawals over €150
  • BBVA Germany is fully licensed with deposits insured up to €100,000 under the European scheme and provides 24/7 customer support