In a large bowl, stir together Cream Cheese, Sour Cream, Refried Beans, Badia Taco Seasoning, Green Onions, Badia Ground Jalapeño, and half the Pepper Jack and Cheddar. Season with salt and black pepper.
Transfer dip to an oven-safe serving bowl and top with remaining Pepper Jack and Cheddar. Bake until warmed through and cheese is melty, about 25 minutes.
Garnish dip with queso fresco, onions, olives, and jalapeño. Serve warm with chips.