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Compass bank 200$ bonus for opening checking account.

+9 Deal Score
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Link below

https://www.bbvacompass.com/go/sp...blitz.html

In summary:

Must open checking account and make one direct deposit of at least 300 dollars within 60 days of opening.

Must apply by 11/20/17.

Account must remain open for 1 year or an early cancellation fee will apply.

They have 2 free checking accounts. The Clear choice checking is only available to those in select states: AL, AZ, CA, CO, FL, NM, TX. The Clear connect checking is available nationwide. It is also free but there is a 3 dollar a month charge for paper statements. You can avoid this charge by opting into paperless billing.

You can fund the account with a credit card up to 5k but only Visa is accepted. Also there have been many reports of these coding as cash advances and or the funding failing if you try to do too much. These accounts have been frozen and its a PITA to get them unfrozen.

I myself just did act transfer and funded from my bank account.
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This comment has been rated as unhelpful by Slickdeals users
Joined Jul 2006
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#2
What's the ETF?
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#3
Quote from gkwong
:
What's the ETF?

Sounds like you get the bonus after a year.
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Joined Jul 2009
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#4
They make you wait ALL YEAR before you're issued the $200 bonus?
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Joined Dec 2011
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#5
Quote from fsyowad
:
Sounds like you get the bonus after a year.
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.
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Joined Dec 2011
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#6
Quote from UnderD0G
:
They make you wait ALL YEAR before you're issued the $200 bonus?
It's really not all that difficult to read the link OP posted.
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Joined Apr 2010
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#7
Not a good deal. Other bank bonuses do not make you do direct deposit
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Joined May 2004
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#8
Quote from Aballer99
:
Not a good deal. Other bank bonuses do not make you do direct deposit
Many do, and there are ways around that. Dig a little deeper my son.
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Joined Oct 2010
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#9
so just one time 300 dd

what's minimum balance
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#10
Quote from Killerz
:
Many do, and there are ways around that. Dig a little deeper my son.
Must open checking account and make one direct deposit of at least 300 dollars within 60 days of opening.

what other ways do you know of that qualify for the Compass $200 bonus? I do not have (that I know of) a source "at least one electronic direct deposit from an unrelated 3rd party (e.g. your employer or a government agency)" What 3rdparty sources other than employer or governmaent would work. I have dug deep and am not finding a solution. Paypal othe bank ach in?????? please advise
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#11
$200 bonus will be taxable via form 1099-INT, right?
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#12
Quote from Killerz
:
Many do, and there are ways around that. Dig a little deeper my son.
Quote from zjts
:
Must open checking account and make one direct deposit of at least 300 dollars within 60 days of opening.

what other ways do you know of that qualify for the Compass $200 bonus? I do not have (that I know of) a source "at least one electronic direct deposit from an unrelated 3rd party (e.g. your employer or a government agency)" What 3rdparty sources other than employer or governmaent would work. I have dug deep and am not finding a solution. Paypal othe bank ach in?????? please advise
I'm also interested in the answer to this question. Setting up DD with my employer is such a PITA.
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Joined Jul 2006
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#13
anyone know the min balance for the Clear connect checking ? I do not see it in T&C
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#14
Quote from namlook
:
I'm also interested in the answer to this question. Setting up DD with my employer is such a PITA.
Venmo transfers count as direct deposits for many banks. ymmv with compass as I have not done enough searching for data points. May be worth looking into if you have downtime at work. Its easy to change DD with my employer. Its all online which makes deals like this relatively simple and hassle free.
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Joined Jan 2010
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#15
They don't allow funding by Master card ? Pity as I can earn a little cash back there.
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