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Originally posted on November 6th, 2017. Reposting on November 19th, 2017 as the deal expires on the 20th.

Offer at a glance

Maximum bonus amount: $200

$200 Availability: Nationwide

Nationwide Direct deposit required: Yes, $300+

Yes, $300+ Additional requirements: None

None Hard/soft pull: All recent DP say soft

All recent DP say soft ChexSystems: Unknown

Unknown Credit card funding: $5,000, no AmEx or Mastercard allowed (no credit card funding in branch). Only personal cards are allowed. Looks like you can also fund savings account for another $5,000.

$5,000, no AmEx or Mastercard allowed (no credit card funding in branch). Only personal cards are allowed. Looks like you can also fund savings account for another $5,000. Monthly fees: None

None Early account termination fee: Yes, account must be kept open for one year

Yes, account must be kept open for one year Household limit: One

One Expiration date: November 20th, 2017

The Offer

Direct link to offer

BBVA Compass is offering a bonus of $200 when you open a new checking account and complete the following requirements : Receive a direct deposit of at least $300 within 60 days of account opening



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, Clearconnect Checking, and Easy Checking.

Eligible accounts for residents of AL, AZ, CA, CO, FL, NM, TX include BBVA Compass ClearChoice Free Checking, BBVA Compass ClearChoice Interest Checking, ClearConnect Checking, and Easy Checking.

Only BBVA Compass ClearChoice Interest Checking and ClearConnect Checking are eligible accounts for residents of all other states.

Offer is valid for accounts opened in branch, online, or by phone

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 $200 cash bonus will be deposited into the new checking account within 60 days of meeting the bonus requirements described above. The account must be open with a positive balance at the time the bonus is deposited.

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding 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.

Early Account Termination Fee

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

Our Verdict

Bonus definitely worth doing, they have had lots of $200 bonuses recently but they have required going in branch in specific states. This is the first one that can be done nationwide and is also available online. Because of that I will be adding it to our list of the best checking account sign up bonuses. It’s always nice to have a credit card funding available as well, but people have reported a lot of issues with this in the past. As always share your experiences in the comments below.

Big thanks to readers Maximillian W & Elena who let us know. Learn how to find bonuses and contribute to the site here.

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