Heat oil in medium saucepan over medium heat. Add garlic; cook and stir 1 minute. Stir in undrained tomatoes, refried beans and franks. Bring to a boil. Reduce heat, cover and simmer 5 minutes or until hot.
Stir in cilantro, green onions and jalapeno peppers to taste, if desired. Transfer mixture serving dish. Serve with tortilla chips.