Question 1

What is a fixed-rate mortgage?

Accepted Answer

A fixed-rate mortgage has an interest rate that remains constant throughout the entire loan term (typically 15 or 30 years). Your monthly principal and interest payment stays the same, making budgeting predictable. This protects you from rising interest rates but won't benefit if rates drop unless you refinance.

Question 2

What is CVV on a debit card?

Accepted Answer

CVV (Card Verification Value) is a 3-digit security code on the back of your debit card (4 digits on the front for American Express). It's required for online, phone, or mail-order purchases to verify you physically possess the card. Never share your CVV except during legitimate transactions, as it helps prevent fraud.

Question 3

What is the difference between pre-qualification and pre-approval?

Accepted Answer

Pre-qualification is an informal estimate of how much you might borrow based on self-reported information, with no credit check. Pre-approval is a formal process where the lender verifies your finances, checks your credit, and commits to a specific loan amount. Pre-approval carries more weight with sellers and is essential for serious home shopping.

Question 4

What is merchant services?

Accepted Answer

Merchant services allow businesses to accept credit/debit card payments through point-of-sale systems, online payment gateways, or mobile card readers. Banks or payment processors charge fees per transaction (typically 1.5-3.5%).

Convert Bankia Statementsto Excel, CSV & JSON

Why Choose Us?

How to Convert Bankia Statements

Upload Statement

AI Processing

Download Results

Why Use Our Bankia Converter?

Data Privacy First

Optimized for Accuracy

Speed Meets Accuracy

Growing Global Trust

Frequently Asked Questions

What is a fixed-rate mortgage?

What is CVV on a debit card?

What is the difference between pre-qualification and pre-approval?

What is merchant services?

Ready to Convert Your Bankia Statements?