Featured Savings Rates

Popular Posts

Featured Accounts

New $150 Checking Account Promotion at BBVA Compass in Several States - Local Only


BBVA Compass Bank is offering another bonus of up to $150 for opening a new checking account, using online bill pay and direct deposit. It's not as good as the January promotion since the $150 is not all cash. $50 of the bonus is a hotel gift card. Here are the important details of this new promotion:

  • Open a new Build-to-Order checking account online by 4/30/2010
  • $100 cash when you establish a recurring payroll direct deposit by 04/30/2010
  • $50 hotel gift card when you pay at least one bill for at least $25 to an unrelated third party via online bill pay by 04/01/2010

Note, according to the small print, the $50 hotel gift card is also available for existing BBVA Compass checking customers who haven't used online bill pay in the last 90 days. I don't know the "true" value of the hotel gift card. It can only be used for hotels booked at www.myhotelgiftcard.com and requires a two night minimum stay.

Requirements for Opening Compass Bank Accounts:

  • Must be a U.S. Citizen
  • Have a permanent residence within a state where BBVA Compass has a banking center (Alabama, Arizona, California, Colorado, Florida, New Mexico, or Texas) and your permanent residence must be located in close proximity to a BBVA Compass banking center.

BBVA Compass now has branches in California after its acquisition of the failed Guaranty Bank last August. However, these branches may not be transitioned over yet to allow people to qualify for these Compass promotions. If you're in California and interested in this promo, it may be worth a call to Compass.

BBVA Compass Checking Accounts

I completed a Compass checking promotion in 2006 and received the promised $50 gift card without any problems. One downside 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. Also, bill pay is free. 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. A reader in a previous Compass post mentioned that the first order of checks is free.

The disclosure has some of the details of $25 anniversary cash bonus feature. I switched my Compass checking account to this Build-to-Order Free Checking in December 2007 and chose the $25 anniversary cash bonus as one of my premium features. Then I set up small monthly ACH debits from my online bank account to keep the checking active. I received the $25 bonus for both 2008 and 2009.

BBVA Compass Bank is a member FDIC (FDIC Certificate # 19048).

Other Bank Bonuses

To find other bonus deals, please refer to my best bank bonuses page which has all of my recent bank bonus posts.

Edit 4/18/2010: The small print now says the offer will continue to 4/30/2010.

Related Pages: checking account

Related Posts

Anonymous   |     |   Comment #1
Anyone know the routing number for Compass Bank accounts opened online?
Anonymous   |     |   Comment #3
You do not have to be a U.S. Citizen to obtain a BBVA Compass bank account.
Anonymous   |     |   Comment #4
That's pretty sad, and funny at the same time!  Their service is so poor, they have to pay people to open accounts with them. 

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.