BBVA Premium Checking review March 2021 |
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BBVA Premium Checking review

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An interest-bearing checking account with a range of perks.’s rating: 3.2 / 5.0


The BBVA Premium Checking account earns 0.05% APY and is filled with perks like overdraft-fee forgiveness, free wire transfers and out-of-network ATM reimbursements. But watch out for high service fees and limited branch locations.

$19 per month





Minimum deposit to open


Fee$19 per month
To waive the fee$4,000 monthly direct deposit OR maintain an average daily collected balance of $4,000+
Minimum deposit to open$25
Intro or bonus offerEarn a $200 cash bonus when you add direct deposit.
ATMsMore than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
ATM transaction fee$0
ATM fee rebatesTwo automatic rebates of ATM fees charged by other banks
Out-of-network ATM fee$3
Foreign transaction fee1%
Overdraft fee$12
Nonsufficient funds fee$38

Expert review

Cassidy Horton

Review by

Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

If you’re looking for an interest-bearing checking account that has in-person and online banking capabilities, the BBVA Premium Checking account may be right for you.

It offers interesting perks like overdraft-fee forgiveness, ATM rebates and free wire transfers, which may outweigh the low 0.05% APY and monthly fee requirements depending on your needs.

How do I open a BBVA Premium Checking account?

US citizens can open a BBVA Premium Checking account in person, online or by phone. But US residents must open an account in person.


Open a BBVA Premium Checking account online using the steps below:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the official BBVA website, click Apply Now.
  3. Scroll down to the BBVA Premium Checking section and click Apply Now.
  4. Enter your personal information including your full name, Social Security number, US residential address and ID number.
  5. Make your first deposit using a debit or credit card, account at another bank or existing BBVA account.
  6. Review and confirm your new account.


You’ll need to meet the following requirements to open this account:

  • At least 18 years old
  • US citizen or resident
  • Social Security number
  • Government-issued ID

Required information

Have the following information on hand when you apply:

  • Legal name
  • Date of birth
  • Social Security number
  • US residential address
  • Government-issued ID number
  • Occupation and primary source of income
  • $25 minimum deposit

What are the benefits of a BBVA Premium Checking account?

In addition to mobile and online banking, BBVA Premium Checking comes with these perks:

  • Interest-bearing account. Earn interest on all funds, but its 0.05% rate is lower than the national average for checking accounts.
  • Personalized debit card. Personalize your debit card for free.
  • ATM rebates. BBVA reimburses two out-of-network ATM fees a month.
  • Free wire transfer. Account holders receive one free domestic or international wire transfer monthly.
  • Overdraft-fee forgiveness. BBVA refunds one NSF charge for paid or returned items a year. After this you’ll pay $32 or $38 depending on your location.

BBVA’s ATM network and fees

BBVA has 1,000 full-service ATMs that let you deposit cash and checks, make withdrawals, transfer funds and more. It partners with the AllPoint and 7-Eleven ATM networks to bring customers an additional 63,000+ fee-free ATMs worldwide.

BBVA reimburses two non-network ATM transactions a month. After that, it charges a $3 fee for non-network transactions.

What should I look out for?

There are a few things to look out for with the BBVA Premium Checking account:

  • Monthly fees. Avoid the $19 monthly fee when you keep at least $4,000 in your account or make $4,000 per month in direct deposits.
  • High service fees. BBVA charges $12 for inter-account overdraft transfers, $30 for outgoing domestic wire transfers and $45 for outgoing international wire transfers.
  • Limited branches. BBVA doesn’t have branch locations outside of these areas:
    • Alabama
    • Arizona
    • California
    • Colorada
    • Florida
    • New Mexico
    • Texas

If you’re looking for an account with more branch locations and lower fees, shop around for other options.

Compare with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
38,000 fee-free ATMs nationwide
Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Chase Total Checking
Finder Rating: 2.8 / 5: ★★★★★
Chase Total Checking
Access to 16,000 ATMs and more than 4,700 branches nationwide
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 more than 4,700. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
HSBC Premier Checking
Finder Rating: 2.7 / 5: ★★★★★
HSBC Premier Checking
Free to use at all ATMs in the US
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
BBVA Online Checking
Finder Rating: 4.2 / 5: ★★★★★
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
A full-service account with convenient, surcharge-free access to two massive ATM networks.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Axos Bank Rewards Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Rewards Checking
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.

Compare up to 4 providers

How do I deposit or withdraw my money?

BBVA makes accessing your money a breeze:


  • In-person at a branch
  • Cash or check deposit at an ATM
  • Check deposit with BBVA’s mobile app
  • Direct deposit
  • Wire transfer
  • Transfer from another bank


  • In-person at a branch
  • ATM using your debit card
  • Wire transfer
  • Transfer to another bank

What other checking options does BBVA offer?

In addition to the BBVA Premium Checking account, BBVA has two other account options:

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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