Checking Account Bonus at BBVA Compass

BBVA is a bank which offer many banking solutions from personal to business and corporate. They offer many different services, including checking accounts, check cards, savings and Ira’s, home equity loans, auto loans and house and auto insurance.

BBVA are now offering new customers a signing up bonus of up to $150 to open a new checking account with online bill pay and direct deposit features. Check out their website for the promotional offer. To quality for the full $150, you must first use the online bill paying function. This qualifies you for the first $75.

To receive the second $75, you must use the direct deposit function. After completing these two steps the money will then be credited to your account. There are some fine details for each section, and these are listed below in bullet point form.

The first stage, the online bill paying function requires the following.

• You must open a brand new Compass checking account and sign yourself up for Online Billing Payments by the 2/28/10

• You need to pay at least 5 bills online every 30 days for the first 90 days your account is open to qualify for the bonus money. Each month that you successfully complete the bill paying, you will receive $25, totaling up to the final amount of $75

The second stage, the Direct deposit function requires you to make direct deposits, with the requirements listed below.

• You need to open a new checking account online by 2/28/2010 and sign up for the payroll Direct Deposit system.

• Get your first payroll Direct Deposit within 30 days that your account is open to qualify for the offer.

• Your $75 bonus will be deposited, within 120 days of first recurring payroll direct deposit, providing you have filled all the requirements that need to be done.

• You must deposit a minimum of $25 to open the account and qualify for the money

• The offer is available to new checking households only, so if you already have a checking account with BBVA, or someone else in your household does unfortunately you are not eligible for the offer.

• The bonus may be affected by income tax reporting, depending on individual circumstances.

• There is a limit of one $150 bonus per household regardless of how many people live there.

• You will receive your bonus on the last business day of the month. To be eligible for the bonuses there are two main requirements you must fill.

• You must be a US citizen with valid citizenship.

• You must be a resident of one of the following states. Unfortunately at this time people from outside these states can not participate. Alabama, Arizona, Colorado, Florida, New Mexico, or Texas.

If you are interested in the offer, visit the BBVA website for more details. This offer is good as of  1/09/10.