Posted by William Charles on January 31, 2020
Bank Account Bonuses

Published on January 31st, 2020 | by William Charles

950

[Expired] BBVA $200 Checking & $50 Savings Bonus – Available Online & Nationwide

Deal has expired, view more bank account bonuses by clicking here

There is a $400 bonus that is available currently.

Update 1/31/20: Deal is back nationwide (ht Steve). Only for TX, AZ, CA, CO, AL, FL, NM. If anyone knows of a nationwide link, please let us know. They increased the savings requirement from $300 to $500, and I’m not seeing a mention of using a promo code (I suppose it tracks automatically by using the landing page). Updated a few other minor details below as well.

Update: I’ve updated the link and it should now work nationwide. There are two different links to use:

Hat tip to reader missjenniferd1

Offer at a glance

  • Maximum bonus amount:  $200 checking + $50 savings
  • Availability: TX, AZ, CA, CO, AL, FL, NM Nationwide (other than 1 or 2, perhaps)
  • Direct deposit required: Yes, $500+
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: No
  • Credit card funding: $500 Visa only and personal cards only (you can also fund savings account for another $500)
  • Monthly fees: None
  • Early account termination fee: One year, bonus forfeit
  • Household limit: None
  • Expiration date: November 19th, 2019 February 28, 2020

The Offer

Direct link to offer (see above)

  • BBVA Compass is offering $200 when you open a new qualifying checking account and receive a qualifying direct deposit of at least $500. Use promo code MEGAONLINE or MEGA2019 depending on the link used.
  • You can also get a further $50 by opening a savings bonus by opening a new  savings account. The savings account balance must be $500 or more on April 30, 2020.  Keep in mind you can only do this savings bonus if you do the checking bonus, and must be opened at the same time.

 

The Fine Print

  • For accounts opened in branch or by calling 1-844-BBVA USA, you must provide MEGA2019 promo code. Eligible accounts include BBVA Free Checking, BBVA Easy Checking and BBVA Convenience Checking (in CA and FL only). By December 31st, 2019 at least one (1) electronic Direct Deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government in the amount of at least $500 must post to the new checking account. Qualifying electronic Direct Deposits do not include payments received into your account from payment apps such as PayPal, Venmo and other similar payment service providers. You must be a new BBVA consumer checking customer who has not had a BBVA consumer checking account open within the last 12 months or closed due to negative balance to be eligible for the bonus.
  • You must first meet stipulations for the $200 Checking Bonus to be eligible for the $50 Savings Bonus. Open a new qualifying BBVA Consumer savings account from November 4 – November 19, 2019. Accounts may be opened in-branch, online or by calling 1-844-228-2872 to be eligible.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

If you live in AL, AZ, CA, CO, FL NM or TX then the best account to open is the BBVA Compass ClearChoice Free Checking as this has no monthly fees to worry about. Otherwise open the Clearconnect checking account which also has no monthly fees to worry about. There is a $3 fee on ClearConnect for paper statements, so make sure you opt for paperless statements.

ClearChoice Saving: has a $15 quarterly fee if the balance falls below $500. ClearConnect Saving has no monthly fees.

Early Account Termination Fee

Account needs to be kept open for one year or bonus is forfeit

Our Verdict

Pretty similar to the recent offer, but this time with no household restriction. This means your spouse should be able to do this deal even if you’ve done a previous deal. Very good bonus and we will be adding this to the best nationwide bank bonuses.

Hat tip to reader Brian C

Useful posts regarding bank bonuses:



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Matt B
Matt B

I don’t think it’s nationwide. When I enter TN, it says account not available in my state

mcafeeee
mcafeeee

worked for me and P2 in TN

Josh
Josh

I also was not able to for TN, what link did you use?

Ray
Ray

Yipee!!!

K.M.
K.M.

Availability: Nationwide (excluded Hawaii)

ughhhhh, this is an easy bonus to obtain but oh well. im out of luck this time.

iks
iks

no family or close friends on the mainland? this worked for a keybank bonus by inputting a mainland physical address and using a hawaii mailing address.

MikeTheCreator
MikeTheCreator

Not available in MN

ktn 💸
ktn 💸

Worked for me in MN

Jags
Jags

Doesn’t work in NJ

Matt
Matt

I’m in WV and it says that account type is not offered. It redirects me to BBVA Online Checking. Will the bonus still apply?

Gadget 🕵️

No, that will not work to get the bonus. When you get to the Online Checking application, you cannot apply the promo code.

Carl
Carl

“We’re sorry. The account you’re applying for is not available in your state” No go for Wisconsin unfortunately.

David
David

Not available in Oregon

BlissfulApathy
BlissfulApathy

Well shit, here I was getting all excited. I guess I’ll go cry in the shower now.

Gadget 🕵️

Make sure you are using the right link… there are (now) two different links and cover different states. BlissfulApathy David

Billy Bob
Billy Bob

Fidget do you ever sleep

Gadget 🕵️

Yes, but I keep odd hours.

Matthew
Matthew

Am Oregonian, working fine for me.

Sapien
Sapien

+1

James
James

Doesn’t work in NY

Jonathan
Jonathan

Would having a Denizen account disqualify me? I got the Denizen bonus in 2018.

1lilchurner
1lilchurner

Wondering the same thing. All my Denizen statements had the BBVA logo in the top right.

Neil Degrasse
Neil Degrasse

Same question. I seem to have had issues with other BBVA Compass properties (Simple, etc.) since opening that Denizen account. Denizen is closing permanently soon

Jason_08
Jason_08

I got the Denizen bonus. Was able to signup for the Simple account no problems. Not sure on this BBVA yet though. But actually came here to check the issue with Simple and BBVA

Jonathan
Jonathan

Does anyone have any data points on this? William Charles

Clarence Weatherspoon
Clarence Weatherspoon

did you ever find out an answer to this question about Denizen and BBVA? Jonathan 1lilchurner Jason_08

Jason_08
Jason_08

I don’t know yet either. But so far the bonus hasn’t gone out yet either. I had Denizen and got emails saying I am on track for the Simple bonus though. So, so far, I would think that BBVA should be on track too.

Clarence Weatherspoon
Clarence Weatherspoon

cool thanks for the reply.. did you close the Denizen in December? Or did you close it earlier than that? hope the bonus works

Jason_08
Jason_08

Yeah, I closed it mid December. (Opened Simple in Oct, BBVA in Nov)

Bleh
Bleh

>>You must be a new BBVA consumer checking customer who has not had a BBVA consumer checking account open within the last 12 months

I guess all of us who jumped on the same offer same time last year won’t be eligible for this?

Evilex
Evilex

not available in new york either, i clicked alot of states and is not available at any of em c.c glitch perhaps?

arihalli
arihalli

i jusst opened one today and i live in ny

bruce
bruce

IL not eligible through the bonus direct link page. when i then try to open a different type of checking account for IL it says “promo not valid” when i enter the code.

lame..

Gadget 🕵️

DP: VA
We’re sorry. The account you’re applying for is not available in your state.

TW
TW

2P TX approved, seems like a nice easy $250×2.

vc
vc

hi. what does 2p and p2 mean? i’ve seen that a lot.

Novacat05
Novacat05

“Player 2” aka your spouse.

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