[Expired] BBVA Compass $200 In Branch Checking Bonus [California & Colorado Only]

This bonus has expired and is no longer available. You can click here to view the best checking bonuses.

Reposting as also available in Colorado.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: California & Colorado branches only, although it does say you can open by phone as well.
  • Direct deposit required: Yes, $300+
  • Additional requirements: None
  • Hard/soft pull: Mixed reports (seems recent DP are all soft, but YMMV)
  • ChexSystems: Unknown
  • Credit card funding: $300, no AmEx allowed (no credit card funding in branch)
  • Monthly fees: $4, waivable
  • Early account termination fee: Bonus forfeit, one year
  • Household limit: One
  • Expiration date: July 31st, 2017 August 4th, 2017

The Offer

Direct link to offer (California) or Direct link to offer (Colorado)

  • BBVA Compass is offering a bonus of $200 when you open a new checking account at any California branch and receive a qualifying direct deposit of at least $300 within 60 days of account opening. $25 opening deposit required and credit card funding isn’t allowed in branch.

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.
  • 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 account must be opened at one of the participating branches above or via 1-800-Compass, Option 2, with the account housed at a participating branch.
  • We reserve the right to deduct the bonus amount if the account is closed within 12 months of opening.
  • The $200 cash bonus will be deposited into the new checking account within 60 days of meeting the bonus requirements described above.
  • There is a maximum of one (1) bonus per household.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Easiest account to keep fee free is the BBVA Compass ClearChoice Free Checking account as this has no monthly fee 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

Shame there is mixed datapoints about it being a hard/soft pull as otherwise this is a good bonus. Yes you need to keep the account open for a year, but at least there are no monthly fees to worry about. Because of the reports of it being a hard pull I can’t add it to the best checking promos as if it were a hard pull you’d be better off going with a credit card cash sign up bonuses (remember you pay taxes on bank account bonuses but not on credit card bonuses).

Big thanks to reader, Dore D who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:
    William Charles
  • On July 24, 2017, 01:37

View Comments (93)

  • doc, no hard pull for me and 3 of my family members. Opened checking + savings within last 90 days with most recent last week. That should add 4 more DP to point that they changed to soft only.

  • Never received bonus. Did a Robinhood ACH and Discover ACH.

    Opened a CFPB complaint, they responded that they were still investigating. INCONSISTENT!

  • Datapoint for DD from Provident Credit Union for amount $301 on 8/22 Bonus posted 8/28 Looks like no HP hard pull.

  • My bonus posted 8/28. DD from my employer must have triggered it, odd that Schwab didn't work for me but did for others. Employer DD hit 8/18

  • Im in FL but this thread has more posts... Did anyone else have overdraft automatically added? This is def something I decline everywhere but I dont even recall seeing or talking about it. In my experience, this is usually a pretty noticeable acknowledgement area of the process. I told my banker i wanted to decline once we got the app setup on phone but she kept insisting I can turn it off. Seems like the damage is already done though. Sale goals?

  • I did (2) direct deposits of over $300.

    One from Capital One 360 and another from Paypal. Not sure which triggered the bonus, but my $200 was posted today.

  • DP: No hard pull. Schwab brokerage works for DD requirement. Bonus posted after 10 days meeting requirement

    • I did Schwab brokerage too and nothing has posted for me. My Schwab DD hit on 7/31. Should I call? Wonder if they messed up my promotion code when I applied in branch.

      • Having trouble moving funds from brokerage to external account (BBVA Compass account). Brokerage account shows $300 but when attempting online transfer it shows as $0.00. Can do it from regular Schwab checking. Any trick/tip to be able to make the transfer to meet DD reqt?

        • I'm wondering about this as well, so please let me know if you're able to get any answers on this... Also, does anyone else know if the DD requirement can be met by transferring the funds from my Charles Schwab "Investor Checking" account, or does it have to be from my Schwab "Brokerage" account. Sorry if this is a stupid question.

        • I had a work DD hit on 8/18 just in case I have to escalate. I really wish bonuses would just auto post for me like other people, sigh.

Leave a Comment