Dedicated to Deposits: Deals, Data, and Discussion

$150 Checking Account Bonus at Compass Bank

POSTED ON BY

Compass Bank is offering a bonus of up to $150 for opening a new checking account and for using the check card. This does require some work to earn the full $150. Here's the promotion page, and here are the details to qualify for the $150:
  • Open any Compass checking account online with a free Visa Check Card
  • Get $3 each time you use your Check Card for qualifying transactions up to 50
And some of the important requirements of the check card purchases:
  • Purchases must be for at least $10
  • Purchases must be made within first 45 days of opening the account
  • Minimum of 10 transactions, paid up to 50 transactions
  • PIN transactions do NOT qualify for cash bonus (signature-based/credit purchase only)
And some important promotion requirements:
  • Offer available online only through 08/31/2008
  • Offer good for new checking customers only
  • You must register before opening a Compass Build-to-Order Free Checking Account online
  • You must be a US citizen of Alabama, Arizona, Colorado, Florida, New Mexico or Texas
Cash bonus will be paid within 120 days.

Compass Checking Accounts

I completed a Compass checking promotion in 2006 and received the promised $50 gift card without any problems. One negative is that I did received two hard credit inquiries by Transunion.

The Build-to-Order Free Checking comes with some basic features. Two additional premium features are allowed without cost. The notable basic feature is no minimum balance or direct deposit requirement. The notable premium feature for those who want to make extra money is a $25 anniversary cash bonus. One feature that is lacking is free checks. I'm not sure if the first order of checks is free or not. If they're not free, I would think you should be able to reject them. The Online Bill Pay is free so you could live without them.

The disclosure has some of the details of $25 anniversary cash bonus feature. I've been told that all you have to do to receive this bonus is to keep the checking account active. So I've just set up small automatic monthly debits from an online bank account.

Compass Bank is FDIC insured (FDIC Certificate # 19048).

  Tags: Alabama, Colorado, Arizona, New Mexico, Texas, checking account, Florida

Related Posts

Comments
4 Comments.
Comment #1 by Anonymous posted on
Anonymous
You mentioned that you completed a Compass checking promotion in 2006 and received the promised $50 gift card without any problem ...

Do you qualify for this one again (to open another checking account?

1
Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
Unfortunately, the terms state "Offer good for new checking customers only." My main point about referring to my 2006 experience was to point out the hard credit pull.

1
Comment #3 by Anonymous posted on
Anonymous
The first order of checks is free. It's limited to a certain style and low quantity.

1
Comment #4 by Anonymous posted on
Anonymous
I am a permanent resident of US. My online application was terminated with a message "This promotion is available only for US CITIZENS.
Looks like Compass Bank does not like permanent residents or any visa holders.
And I hate compass Bank now.

1