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BBVA Premium Checking review

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An interest-bearing checking account with a range of perks.

The BBVA Premium Checking account is interest-bearing and 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

Monthly fee

0.05%

APY

$25

Minimum deposit to open

Details

APY0.05%
Monthly 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 with 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 APY and monthly fee requirements depending on your needs.

BBVA BBVA

$200 cash bonus when you open a new account with direct deposit

Coupon valid for BBVA Premium Checking through December 31, 2019, when you receive one or more qualifying direct deposits totaling at least $4,000 within 60 days of opening your account.

Last verified

What are the benefits of a checking account with BBVA?

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 ATMs Fee
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.
0.05%
More than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$19/month
(can be waived)
A full-service interest checking account that offers automatic rebates of ATM fees. Earn a $200 cash bonus when you add direct deposit.
0.01%
Free to use anywhere worldwide
$25/month
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by January 17, 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.
Radius Bank Rewards Checking
Radius Bank Rewards Checking
1.20% on balances of $100,000+
1.00% on balances of $2,500 to $99,999.99
More than 20,000 ATMs + unlimited ATM surcharge rebates
$0
Earn cash back with this high-interest checking account, plus get free ATM access worldwide.
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.
0.01%
38,000 fee-free ATMs nationwide
$0
Linked checking and savings accounts from a mobile-first bank that’s light on fees.

Compare up to 4 providers

How do I open a 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.

Online

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

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

Eligibility

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

How do I deposit or withdraw my money?

BBVA makes accessing your money a breeze:

Deposits

  • 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

Withdrawals

  • 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

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