[Expired] [AL, FL, TX, AZ, CO, CA, NM] BBVA $200 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Offer at a glance

  • Maximum bonus amount:  $200 checking
  • Availability: AL, FL, TX, AZ, CO, CA, NM
  • 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: October 15, 2020

The Offer

Direct link to offer

  • BBVA Compass is offering $200 when you open a new free checking checking account with the promo code 0820FREE and receive a qualifying direct deposit of at least $500 by December 15, 2020

The Fine Print

  • Offer not available to existing BBVA checking customers, those who received a cash opening bonus in the last 12 months or those whose accounts have been closed within the last 12 months or closed with a negative balance.
  • To receive the bonus, you must be the primary BBVA account holder who received this communication. Eligible accounts for this offer are BBVA Free Checking and Easy Checking.
  • A qualifying direct deposit is a recurring paycheck, pension or government benefits (such as Social Security) from your employer or the government.
  • The following deposits are not qualifying direct deposits: interest payments or transfers from your investment accounts; payments received from payment apps such as PayPal, Venmo and other similar payment service providers; tax refunds or other one time payments from the government. Account must be open and in good standing with a balance of at least $0.00 at the time of bonus payment.
  • We reserve the right to deduct the bonus if the account is closed within 12 months of opening.
  • BBVA may report the value of the bonus to the IRS as required by law.
  • Customers whose tax status would require imposed tax withholding are not eligible for the bonus.
  • This offer cannot be combined with any other account opening or direct deposit offers.
  • Offers are subject to change at any time. BBVA and BBVA Compass are trade names of BBVA USA, a member of the BBVA Group. BBVA USA, Member FDIC. #909284P1
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This is a free checking account with no monthly fees to worry about.

Early Account Termination Fee

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

Our Verdict

We recently saw the same offer but with an extra $50 for opening a savings account. There is also a $400 bonus currently as well. Good deal if you missed the other recent $200 bonus and don’t care about the $400 bonus or the extra $50 savings bonus. Will add this to the best bank bonuses.

Hat tip to j

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48 Comments
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Choose fi
Choose fi (@guest_1075984)
October 20, 2020 10:18

Data point, capital one triggered DD after about a month and a half

Jr
Jr (@guest_1073003)
October 14, 2020 16:19

They do make it pretty easy.

09/18/20 – Opened BBVA checking online

09/18/20 – CC funding of $500 failed as “security risk”

09/28/20 – ACH transfer of $25 from external bank served as opening deposit

10/02/20 – DD from employer #1

10/09/20 – DD from employer #2

10/13/20 – $200 bonus posted

Mandingo1
Mandingo1 (@guest_1072582)
October 13, 2020 18:58

Fastest reward ever received. Easy $200 promo posted in less than two weeks from account opening.

10/1/20 – opened BBVA checking. Los Angeles, CA

10/6/20 – $507 ACH push from Wells Fargo Checking.

10/13/20 – $200 bonus posted

tom
tom (@guest_1075754)
October 19, 2020 21:25

ACH PUSH FROM MY WELLS FARGO CHECKING ON 10/8/2020, Still haven’t received my $200 bonus.
label was : “CREDIT FOR WELLS FARGO IFI DDA TO DDA CO REF” and category : ” —- “

fiveoh
fiveoh (@guest_1075893)
October 20, 2020 07:19

I didnt get mine from WF push either.

Rachel
Rachel (@guest_1100703)
November 30, 2020 18:59

Pushed from Capital one 3 months ago and got no bonus. It also shows category “—-“. Have you got your bonus yet?

stingerzing
stingerzing (@guest_1072252)
October 13, 2020 11:11

Tried to use this to meet spending bonus of CSP but CC funding looks like it never went through? Anyone else run into that? Maybe 500 was too much?

Jr
Jr (@guest_1072498)
October 13, 2020 17:12

When I used my CC to fund the account for $500, my CC company (Wells Worthless) declined the transaction as a “security risk,” even though the ACH “risk” was from another bank (in this case, BBVA). Pffft. Even with the declination, BBVA approved the account but I couldn’t fund it with another CC attempt thereafter (I asked if I could but was told this isn’t allowed except during the initial application process).

JDiggity
JDiggity (@guest_1066539)
October 2, 2020 10:30

looks like those that met DD rqrmnts in August got paid on 9/2; wonder if i’ll get bonus today since i met rqrmnts in September. Fingers crossed!

Jr
Jr (@guest_1068266)
October 5, 2020 17:31

Any luck?

fiveoh
fiveoh (@guest_1068625)
October 5, 2020 22:25
  Jr

No luck for me.

Clay
Clay (@guest_1079831)
October 27, 2020 09:54

I guess they took September off. I had a real DD in Sept and nothing. I’ll have another this week.

Noah
Noah (@guest_1050885)
September 9, 2020 00:48

Doesn’t work for WA

Nav
Nav (@guest_1049856)
September 6, 2020 20:57

02/18 – Account Opened
02/28 – Real DD of $2500
03/15 – Real DD of $2500
03/31 – Real DD of $2500
04/10 – $200 Bonus Posted

AL
AL (@guest_1048358)
September 3, 2020 17:20

BBVA without real DD

-8/7/2020 opened acct

-8/13 $500 push form Chase

-8/19 $500 push from TD

-9/2 $200 bonus posted

Janette Topper
Janette Topper (@guest_1057564)
September 18, 2020 16:33
  AL

Do you just do an outgoing transfer from Chase or how you you get it to post as DD?

DP719
DP719 (@guest_1057681)
September 18, 2020 20:06

Janette Topper I am of course not AL but yes, you link BBVA from Chase and do an ACH transfer from Chase. It will not show up as ‘direct deposit’ at BBVA but should work.

Dexter
Dexter (@guest_1047820)
September 2, 2020 20:19

Opened account 8/3/20
DD of $1000 on 8/11/20
Bonus of $200 posted on 9/2/20

Quackmeister
Quackmeister (@guest_1047419)
September 2, 2020 10:35

I just moved $500 from my Schwab Brokerage to the BBVA checking and it’s categorized as a “transfer.” Idk if the same is applied to an actual direct deposit. Will update if this works.

Hash
Hash (@guest_1048145)
September 3, 2020 12:51

It worked for me
Opened-08/04/2020
Schwab dd -08/07/2020
$200 bonus-09/02/2020

Quackmeister
Quackmeister (@guest_1048734)
September 4, 2020 10:28

Really? Didn’t work for me unless they take a long time to post
Opened- 8/31/2020
Schwab- $500 push 9/2/2020

Kelly
Kelly (@guest_1051169)
September 9, 2020 14:27

Hi Hash~What code Schwab transfer shown in your account?

Kelly
Kelly (@guest_1051170)
September 9, 2020 14:28
John
John (@guest_1087885)
November 10, 2020 11:40

Hello, just asking, from schwab brokerage means transfer from schwab brokerage to an external or using wire? Thanks!

fi2022
fi2022 (@guest_1087888)
November 10, 2020 11:43

yep, and it’s a ACH transfer the normal transfer way