This bonus has expired, view the best bank bonuses by clicking here.
Offer at a glance
- Maximum bonus amount: $200 checking + $50 savings
- Availability: Houston branches only
- Direct deposit required: Yes, $500+
- Additional requirements: None
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: No credit card funding in branch
- Monthly fees: None
- Early account termination fee: Yes, account must be kept open for one year
- Household limit: One
- Expiration date: March 6th, 2018
The Offer
- BBVA Compass is offering a $200 bonus when you open any new eligible BBVA compass consumer checking account and complete the following requirements:
- Within 60 days of account opening receive a qualifying direct deposit of at least $500
- If you earn the above $200 bonus you can get a further $50 bonus by opening a new BBVA Compass consumer savings account OR a BBVA Compass Express Personal Loan
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.
- This offer is not available for accounts opened online.
- Within sixty (60) days of account opening, you must set up direct deposit by having one (1) or more electronic Direct Deposits from an unrelated 3rd party (e.g. your employer or a government agency) in the amount of at least $500 post to the new checking account.
- The $200 cash bonus will be deposited into the new checking account within 90 days of meeting the bonus requirements described above.
- Account must be open at the time of payment and not have a negative balance to receive the new account bonus
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
The best account to open is the BBVA Compass ClearChoice Free Checking as this has no monthly fees 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
The online nationwide offer was for the same $200 checking bonus, but without the $50 savings bonus. That offer was still better as you could also fund up to $5,000 with a credit card. That offer isn’t available anymore, but hopefully any readers that were interested already signed up. This offer isn’t bad, it’s just not as good. I’m not sure we will see another $200 online bonus again though, so it might make more sense to just sign up for this. I don’t think we will be adding this to our list of the best checking account bonuses for now though.
Big thanks to reader, Nick who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
