Premium checking, online checking and free checking are available for customers in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas. The premium checking and online checking are available in all states except Alaska and Hawaii.
BBVA customers can open an online checking account with at least a $25 minimum opening deposit. There is no monthly service charge on the online checking account.
Accessing ATMs is another plus to this account. Those who have a BBVA online checking account won’t incur an ATM fee when they use an ATM in the Allpoint or 7-Eleven network, though the BBVA site notes that fees may apply at certain 7-Eleven locations in Alaska, Hawaii and Oklahoma. The account isn’t available in Alaska or Hawaii.
The premium checking account offers 0.05 percent APY on all balances. In addition, it has a low minimum opening deposit of $25 and offers two automatic rebates of ATM fees when you use another bank’s ATM. Premium checking account customers also have access to Allpoint and 7-Eleven ATMs.
The premium checking account requires either an average daily collected balance of $4,000 or more or at least $4,000 of qualifying monthly direct deposits in order to waive the $19 monthly service charge.
The online checking account has a cash-back rewards program called Simple Cash Back. The no-cost program allows you to earn cash back by selecting offers in the rewards center of the mobile banking app. The offers are also on the account detail page of online banking.
Only $25 is needed to open a premium checking account.
There are no ATM fees at more than 64,000 AllPoint, participating 7-Eleven and BBVA ATMs.
There's no monthly service charge for free checking or online checking.
The premium account must maintain relatively high balances to avoid monthly service charge.
Only the premium account is interest-bearing, and the APY is meager.