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BBVA Online Checking account review

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A full-service account with convenient, surcharge-free access to two massive ATM networks.

finder.com’s rating: 4.2 / 5.0

★★★★★

With the BBVA Online Checking account, you’ll have instant access to your money through mobile banking and at over 56,000 ATMs, plus potentially earn cashback rewards toward special offers — though the account doesn’t earn interest and you can only open it online.

$0

Monthly fee

0%

APY

$25

Minimum deposit to open

Details

Monthly fee$0
Minimum deposit to open$25
ATMsNo ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
ATM transaction fee$0
Out-of-network ATM fee$3
Foreign transaction fee3%
Overdraft fee$38
Nonsufficient funds fee$38
New account fee$0

Expert review

Peter Carleton

Review by


Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.

Expert review

BBVA Online Checking account is best for those looking to manage their finances. It offers free access to over 56,000 ATMs around the world, cashback rewards and more.

However, the account doesn’t earn interest and BBVA has limited physical branch locations.

What are the benefits of the BBVA Online Checking account?

The BBVA Online Checking is a low-fee checking account that offers a number of other benefits:

  • No service fees. You won’t pay a monthly fee or to open the account.
  • Personalized debit card. Design your debit card with your own art work, pictures or choose from BBVA’s gallery.
  • Cashback rewards. Activate Simple Cash Back to choose how you earn cash back from the retailers you use most.
  • BBVA Wallet. The BBVA Wallet app manages your payment cards and provides convenient access to them when you need it.
  • ClearBenefits program. This optional program offers roadside assistance, identity theft protection and cell phone protection.

BBVA ATM network and fees

This account comes with a Visa debit card that lets you make purchases nearly anywhere. Plus, you’ll get access to a network of BBVA and Allpoint ATMs.

  • Use over 1,000 BBVA ATMs in the US for free.
  • Use over 55,000 Allpoint ATMs in the world for free.
  • BBVA doesn’t list exact fees for using ATMs outside of these networks, but states that you may be charged a fee on top of any ATM-owner fees.
  • You’re charged 1% of each transaction when you use an ATM outside the US.
  • You’re charged 3% of each transaction when you use your card outside of the US.

What should I look out for?

The BBVA Online Checking Account is a great way to manage your money, but there are a few things you should watch out for:

  • No interest. Unlike some checking accounts, this one won’t earn any interest.
  • Expensive fees. Watch out for the $30 outgoing domestic wire transfer fee, $15 incoming domestic wire transfer fee, $38 NSF fee, $38 overdraft fee, $12 inter-account transfer fee to cover overdrafts and other charges.
  • Limited branch locations. BBVA only has branches in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.
  • Only available online. Even if you live in a state with BBVA branches, you can only open this account online.
  • Paper statement fee. You’ll be charged $3 per paper statement if you decide not to get your statements online.
  • Minimum deposit. Unlike many checking accounts, this account requires an initial deposit of $25 to open.

If you prefer to do your banking in person or want more out of your account, you’ll want to keep looking. As always, compare your options when choosing a checking account.

Compare with other checking accounts

Name Product APY ATMs Fee
M&T Bank EZChoice Checking
Over 1,500 M&T Bank ATMs
$0
Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
M&T Bank MyChoice Premium Checking
M&T Bank MyChoice Premium Checking
0.05% on balances of $100,000+
0.03% on balances of $50,000 to $99,999.99
0.01% on balances of $1 to $49,999.99
Over 1,500 free M&T Bank ATMs and up to $2 rebates when using all other ATMs
$24.95/month
(can be waived)
Get up to $250 if you open a MyChoice Premium M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Chase Sapphire Checking
0.01%
Free to use anywhere worldwide
$25/month
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$0
A full-service account with convenient, surcharge-free access to two massive ATM networks.
Axos Bank Rewards Checking
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
ATM fees reimbursed at any ATM nationwide
$0
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
$0
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

How do I open an account?

This account is only available online, but it’s easy to get started:

  1. Visit the BBVA website and click Checking.
  2. Scroll down to Online Checking and click Apply Now.
  3. Enter all of your personal information, then proceed to the next step.
  4. Decide whether you’d like to open a BBVA Online Savings account or just fund this account.
  5. Review and confirm all details.

Eligibility

To open this account, you’ll need to meet a few eligibility requirements:

  • Social Security number or tax ID number.
  • Address and contact information.
  • Be 18 or older.
  • Make an initial deposit of at least $25.
  • Open the account online.

Required information

To apply you’ll need to provide the following information:

  • Name, date of birth and address.
  • Social Security number or tax ID number.
  • Government-issued ID number.
  • Contact information.
  • Employment information.

What other checking options does BBVA offer?

If the BBVA Online Checking account isn’t right for you, the bank also offers a few other options:

  • Free Checking. A full-service checking account with online, branch and ATM access, and no monthly fees.
  • Premium Checking. A standard checking account that earns 0.50% interest while your money sits in the account.

How can I get in touch with customer service?

  • By phone: 800-266-7277.
  • On Twitter: @BBVA_USA
  • Online: Log in to your account to send a secure message.
  • At a branch: Locate your nearest branch on the BBVA website.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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