BBVA Online Checking account review + fees | finder.com

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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.

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

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.
Name Product APY ATMs Fee
0.01%
Free to use anywhere worldwide
$25/month
(can be waived)
Get a $750 welcome bonus when you join Sapphire Banking by September 28, 2019. 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.
Access to 16,000 ATMs and nearly 5,000 branches nationwide
$12/month
(can be waived)
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 5,000 branches.
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.
0.01%
38,000 fee-free ATMs nationwide
$0
Linked checking and savings accounts from a mobile-first bank that’s light on fees.
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.
2.00% on balances of $10,000+ or deposit $1+ each calendar month into any Aspiration cash management or investment account
Free to use anywhere worldwide
$0
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.

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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.

Bottom line

With instant access to your money whenever you need it, this checking account is a great way to manage your finances. You’ll get free access to over 56,000 ATMs around the world, cashback rewards and more.

However, the account doesn’t earn interest and BBVA doesn’t have many physical branches. If you prefer to do your banking in person or want more out of your account, compare your options to find a product that better suits your needs.

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