Is BBVA a Second-Chance Bank?

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At times, it can be easy to fall behind on your finances, including monthly bills and other forms of debt. For some people, the trouble can extend to their checking accounts, as well. It may cause issues like unpaid negative balances, involuntary closure of the account and other damaging marks.

Does BBVA USA Offer a Second Chance?

Yes, BBVA USA is one of several second-chance banks, making it easy to sign up and even earn rewards. But there are some facts to keep in mind. Keep reading to learn more.

What Is ChexSystems?

When a negative mark occurs to your finances, it gets reported to ChexSystems, just like unpaid debt gets reported to the credit bureaus. If a person with a negative ChexSystems report tries to open a new checking account, they often get turned down.

Fortunately, this doesn’t have to be the end of the line. Second-chance banks are those that don’t check the ChexSystems report or choose to look past the items reported.

These banks typically don’t require high minimum balances, and many don’t charge fees. Over time, a positive relationship with this bank can lead to a positive ChexSystems report, giving you a fresh start.

A Better Way to Bank


It can take several years for negative items to fall off of your ChexSystems report. While BBVA USA’s monthly service charge might seem frustrating, consider the benefits that paying that fee might provide at the end of the year if you are unable to find a fee-free alternative.

How Does a BBVA Second-Chance Checking Account Work?

BBVA lets you apply for a free checking account. If you’re denied, BBVA USA then allows you to sign up for its second-chance account, which is called Easy Checking.

You only need $25 to open the account — a very low minimum as opposed to some other options. You will also need a government-issued ID and your social security number.

Once the account is open, you’ll receive a complimentary debit card that you can use for free at any of BBVA’s ATMs. If you’d like a personalized debit card, you can order one for $10.

A Better Way to Bank

Fees and Other Conditions

BBVA USA does charge a monthly fee of $13.95 for using Easy Checking. Additionally, you will be charged $3 per month for a paper statement. You can choose electronic statements instead for no fee, but you have to opt out of paper statements.

If you keep a good standing, you have the opportunity to switch to a free checking account or any other consumer account. However, at that time, your Easy Checking must be active and have a positive balance.

While using Easy Checking, you’re building up a good checking history with ChexSystems. This gives you the potential of opening a checking account at other banks in the future.

How To Apply

You can apply for an Easy Checking account at any BBVA USA branch, on the website, or by phone at 844-BBVA-USA.

This content is not provided by BBVA USA. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by BBVA USA.

Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.

About the Author

Brandy Woodfolk is an entrepreneur, teacher, and freelance writer. She received my Bachelor of Business Administration from Everest College, Digital Marketing Certification from Shaw Academy, Certificate in Personal and Family Financial Planning from the University of Florida Through Coursera, and she is completing her Master’s of Project Management from Northcentral University. She has dedicated her freelance writing career to creating content related to digital marketing and SEO, business, personal finance, family, and health and wellness.

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