Posted by William Charles on July 24, 2017
Bank Account Bonuses

Published on July 24th, 2017 | by William Charles

83

[Expired] BBVA Compass $200 In Branch Checking Bonus [California & Colorado Only]

This bonus has expired and is no longer available. You can click here to view the best checking bonuses.

Reposting as also available in Colorado.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: California & Colorado branches only, although it does say you can open by phone as well.
  • Direct deposit required: Yes, $300+
  • Additional requirements: None
  • Hard/soft pull: Mixed reports (seems recent DP are all soft, but YMMV)
  • ChexSystems: Unknown
  • Credit card funding: $300, no AmEx allowed (no credit card funding in branch)
  • Monthly fees: $4, waivable
  • Early account termination fee: Bonus forfeit, one year
  • Household limit: One
  • Expiration date: July 31st, 2017 August 4th, 2017

The Offer

Direct link to offer (California) or Direct link to offer (Colorado)

  • BBVA Compass is offering a bonus of $200 when you open a new checking account at any California branch and receive a qualifying direct deposit of at least $300 within 60 days of account opening. $25 opening deposit required and credit card funding isn’t allowed in branch.

The Fine Print

  • You must be a new BBVA Compass consumer checking customer who has not had a BBVA Compass consumer checking account open within the last 90 days or closed due to negative balance to be eligible for the bonus.
  • Eligible accounts include BBVA Compass ClearChoice Interest Checking, BBVA Compass ClearChoice Free Checking, and Easy Checking.
  • Within sixty (60) days of account opening, at least one electronic direct deposit from an unrelated 3rd party (e.g. your employer or a government agency) in the amount of at least $300 must post to the new checking account.
  • The account must be opened at one of the participating branches above or via 1-800-Compass, Option 2, with the account housed at a participating branch.
  • We reserve the right to deduct the bonus amount if the account is closed within 12 months of opening.
  • The $200 cash bonus will be deposited into the new checking account within 60 days of meeting the bonus requirements described above.
  • There is a maximum of one (1) bonus per household.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Easiest account to keep fee free is the BBVA Compass ClearChoice Free Checking account as this has no monthly fee to worry about.

Early Account Termination Fee

Account needs to be kept open for 12 months otherwise they reserve the right to deduct the bonus.

Our Verdict

Shame there is mixed datapoints about it being a hard/soft pull as otherwise this is a good bonus. Yes you need to keep the account open for a year, but at least there are no monthly fees to worry about. Because of the reports of it being a hard pull I can’t add it to the best checking promos as if it were a hard pull you’d be better off going with a credit card cash sign up bonuses (remember you pay taxes on bank account bonuses but not on credit card bonuses).

Big thanks to reader, Dore D who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



83 Responses to [Expired] BBVA Compass $200 In Branch Checking Bonus [California & Colorado Only]

  1. Jim says:

    Wow short window on this one. You’ve got to get into a branch this coming week to take advantage.

  2. DRT says:

    Anyone know if the banking side of BBVA customer service is as awful as the credit side?

  3. sonia says:

    anyone have datapoints for DD?

    • MSer says:

      DD from “unrelated 3rd party” requirement seems to rule out the usual DDs from other bank accounts that most use. Considering how annoying BBVA is with their NBA card, I’ll pass on this.

  4. Robert Rampton says:

    Just a precaution for anyone considering signing up for this, BBVA has the worst customer service I have experienced from any bank. Whatever bonus I ever received was never worth the hassle I had to experience. When I close my credit card with a zero balance and haven’t used it for months, they reported my closure as a late payment to all the credit bureaus.

  5. Harry says:

    Did a previous bonus with BBVA and had no problems getting the bonus, opened on Jan 1, made a real direct deposit on Feb 1 and the bonus posted on April 1. I waited 6 months to close on July 1 and was able to do so by messaging them.

    They also only did a soft pull, not a hard pull on me.

    If I could, I’d definitely go for another bonus with them though not eligible for this one.

    • Jim says:

      Are you a rep?

      • Harry says:

        Funny but no, just thought I’d give a positive review since in my case, I had a good experience.

        As always, YMMV

    • Jim says:

      Thanks for sharing your experience.

      May I ask what options were available for opening funding? Plan on proceeding over the phone, so imagine they’d have me mail in a check or take down ACH info? Don’t imagine CC funding as an option 🙂

      • Harry says:

        I did it online and funded with $100 using Chase Checking during the application process. Don’t remember if it gave a credit card or mailing a check in option.

  6. Lrdx says:

    Apparently none of the SF Bay Area branches are participating…

  7. d says:

    The only L.A. branch is up the road from Compton. Definitely safest to call.

  8. Brian says:

    Hi DOC

    Your direct link to the *Colorado* offer is not clickable.

  9. Mujtabaq says:

    I am in the Bay Area. Opened via phone and they did a Soft Pull, still have to visit a branch to sign documents.

  10. Joshua Lapin says:

    Data point: I called 1-800-COMPASS and to my local branch in Colorado, and neither would open the account over the phone due to an in-person signature needed in – branch. Wasn’t able to get an exception whatsoever.

    • Mr. PTM says:

      If you call in, they will only pre-populate an application and then require you to go in-branch to complete. I’ll be completing my app in-branch this Friday.

      Also, YMMV, but after calling 1-800-COMPASS, selecting option 2, then option 1, I was disconnected four times (always after the 1st ring). Fifth time worked. ¯\_(ツ)_/¯

  11. Jim says:

    Called in, as well, told same as the folks above, that I’d still need sign paperwork in branch. Rather than do that, I just went to a branch to do the whole app.

    They had dozens of flyers advertising this offer (as well as a complementary $25 savings bonus with opening a savings account, then setting up a transfer from checking into savings), so were well aware. Referred to it as the “See (Sea?) Blue” promotion.

    Pretty straight forward experience, funded with a check, although found it odd their online account set-up was quite onerous. They’re pushing to go paperless, so the banker had to use an iPad and corporate app to show me and acknowledge all the disclosures, overdraft decline, signature card, etc. Similar to Chase. What was odd was the banker then asked if I had email/mobile access, which I did. I was then instructed to access and acknowledge the forms via email on my phone to proceed.

    To set up online access, I was emailed a temporary password, which the banker had me access on my phone. Logged on using their iPad, set a new password, and verified my username/pass were working.

    Finally, they gave me a 1 cent corporate BBVA check to activate/enable mobile deposits on the spot. Basically I was told the online set-up process, from the temporary password (which only lasts hours) to the mobile deposits, etc. is buggy/confusing, so they have customers do it at the branch to make sure everything works. The way it was explained to me, customers often had trouble on their own, so they highly recommend customers do it on-site and get walked through the process.

    In short, what was a 15 minutes process took a good 40 minutes because of how involved it was with entering information from an iPad and me accessing my email several times to proceed.

    Now to find a working ACH source for the DD!

    • MrSeabass says:

      Even worse for me. They were badgering me to open their crap credit card

    • Don says:

      This was my exact same experience today. Took about 30 minutes for me on my lunch break, during which time the branch was completely dead (not one customer). Also got the same flyer “to take back to your coworkers.”

      I plan to just use employer DD given all of the hassle other folks here have mentioned. Will also report back as to whether opening the account shows up as a hard inquiry.

    • Jim says:

      Follow-up from my account opening process above, just received the $200 bonus today, Aug 15.

      Tried a shotgun approach with handful of ACH sources, so not sure which worked

      • Tyler says:

        Wondering which accounts did you use.
        I followed the same approach and got the bonus today as well.
        I have used Ally, Wells Fargo and Chase.

  12. Dean says:

    Waited on hold for an hour to learn that I would need to drive to the branch (at least 90 mins each way) to verify and fund the account – and no c/c accepted. One of the main draws was to be able to fund with a c/c because I need to reach spending thresholds for bonus activation quite soon. Just not sure this bank’s $200 bonus is worth the hassle.

  13. Casey says:

    I wonder if having a Simple account would disqualify me, since it was acquired by BBVA Compass in 2014.

    • Mujtabaq says:

      Can confirm, it doesn’t 🙂

    • Don says:

      No, I can confirm it doesn’t as well. When you apply in branch, they’re going to be able to load your profile and because of it, probably ask you if you’ve had an account with them in the past. You can tell them you have a Simple account or you can just shrug your shoulders.

      Banker will probably then tell you that BBVA has been acquiring a lot of small banks over the past few years and it’s common (mine did).

  14. Alex says:

    Opened account on 07/25 in Lynwood. No CC funding, only check or cash. No Hard Pull. Took 30 minutes fairly simple.

  15. Roman S says:

    Opened a checking account on 7.27 in Lynwood. After the banker saw my Business card, he pulled out the flyer with Business checking bonus promo for $250 after completing 5 transaction for $25 dollars or more in the first 30 days of account opening. Opened both. Easy $450. Love this site.

    • Alex says:

      Did you have to provide a DBA or any business documentation? Do you think opening as a sole proprietor with no DBA or documents be ok?

  16. 86 says:

    BBVA doesn’t use ChexSystems, and they only do a soft pull on your credit when you open an account. But the CSR I spoke with today at their 800 number said that any CC funding will process as a CA.

  17. T says:

    I opened an account in CO, everything went really smooth since most of my info was already in their system from having the NBA amex.

    They had a flyer for a $250 business checking. I took a photo and sent it to will@doctorofcredit.com since the contact form doesn’t seem to be working right now.

  18. Mr. PTM says:

    Data point:

    Finished opening checking account in-branch (Denver) today after phone pre-application. Was as others described (disclosure agreements on iPad, enabling mobile deposits with $0.01 check, quick and easy). Was told I have five business days to make initial deposit (Ally tried to instantly authenticate, but was unable to). Banker said they would be extending the promo by one week.

    Anecdotally, after banker noticed my NBA TripleDouble CC account, said BBVA would be offering an NFL card. Had no other details though.

  19. Sully says:

    40 minute phone call, about 20 on hold to get a representative, to setup everything and then go in branch to sign and finalize. Rep said to expect about 60 days after the DD of $300 to get the bonus. No over the phone funding for initial deposit.
    I’m going to ask about the biz checking $250 when I go in on Monday.

  20. T says:

    https://www.bbvacompass.com/go/businessoffer/colorado.html

    Thats the business offer for colorado. replace colorado in the address link with california for the CA offer.

  21. Kenny says:

    Just tried (twice) to open this ober the phone a d was told both times that I could not and needed to go in branch. Wont be going as its the last day, plus I wanted the CC funding.

    • 86 says:

      The sign-up bonus is only available in-branch. In-branch CC funding is not available at all branches, and is always treated as a cash advance. But after they verify your identity in person, you can open a savings account online and make that initial deposit online with a CC. The initial deposit to the savings account shouldn’t process as a CA as long as it’s opened online, according to a very helpful CSR.

  22. K says:

    Just opened this in branch this morning and confirmed with the teller that the offer has been extended until this Friday.

    They also have the following deals available (didn’t ask about the business checking).

    – $25 bonus for opening a new savings account with at least $25 automated monthly transfers from the checking account. This keeps it fee free, but if you don’t want to do monthly transfers, then the minimum balance is $500.
    – $150 bonus for opening a new BBVA credit card with $1500 in spend over the next 90 days. The bonus offer is usually $100 but there’s an additional $50 for a limited time only.

  23. maikar says:

    Extended to Friday, August 4, 2017. No CC funding allowed in branch.

  24. RV says:

    From what I hear, the offer is limited to 1 per household. So then this offer is not available for 2 player mode? For husband and wife?

    • lingua says:

      the post states 1 per household, which unless you and spouse live at 2 separate addresses (could make for a healthy marriage), means only one is eligible.

  25. Will says:

    Everyone here complaining about CSR’s need to just do everything in branch. Not only easier but the Livermore branch I opened in had the friendliest bankers I’ve ever met.

    Definitely no HP as well.

  26. KG says:

    DP: No hard pull. Schwab brokerage works for DD requirement. Bonus posted after 10 days meeting requirement

    • tribesman55 says:

      I did Schwab brokerage too and nothing has posted for me. My Schwab DD hit on 7/31. Should I call? Wonder if they messed up my promotion code when I applied in branch.

  27. T says:

    Direct deposited $300 via Paypal 8/8 and Bonus posted 8/15

  28. Dave says:

    I did (2) direct deposits of over $300.

    One from Capital One 360 and another from Paypal. Not sure which triggered the bonus, but my $200 was posted today.

  29. JuicyJosh says:

    Im in FL but this thread has more posts… Did anyone else have overdraft automatically added? This is def something I decline everywhere but I dont even recall seeing or talking about it. In my experience, this is usually a pretty noticeable acknowledgement area of the process. I told my banker i wanted to decline once we got the app setup on phone but she kept insisting I can turn it off. Seems like the damage is already done though. Sale goals?

  30. Matt says:

    8/11 direct deposited from employer
    8/15 bonus posted

  31. tribesman55 says:

    My bonus posted 8/28. DD from my employer must have triggered it, odd that Schwab didn’t work for me but did for others. Employer DD hit 8/18

  32. rbdrofcredit says:

    Datapoint for DD from Provident Credit Union for amount $301 on 8/22 Bonus posted 8/28 Looks like no HP hard pull.

  33. Raj says:

    Everyone got their bonus? 60 days are over with legit employer DD. Still no signs of bonus.

  34. Alex T says:

    Never received bonus. Did a Robinhood ACH and Discover ACH.

    Opened a CFPB complaint, they responded that they were still investigating. INCONSISTENT!

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