SmartyPig BBVA Compass $150 Checking Account Bonus

While clicking around on the SmartyPig site, I saw that their new partner BBVA Compass Bank has a $150 bonus for new accounts. It doesn’t seem to be limited specifically to SmartyPig users, although it is “only available in AL, AZ, CA, CO, FL, NM & TX where BBVA Compass has a market presence.” More details:

  • Open a new “Build to Order” checking account.
  • $75 bonus for setting up recurring direct deposit of at least $300.
  • $75 for paying 5 bills via Online BillPay every month for 90 days.

“Build To Order” checking account have no monthly service charge, no minimum balance requirement, no direct deposit requirement (besides the stuff required for the bonuses above). Minimum $25 to open. Then there are several “premium” options to choose from, and you get two for free. Account must be opened online between 8/1/2010 and 08/31/2010. I am not sure if ACH transfers count as direct deposits.


  1. Decent bonus overall. Bill pays have to be at least $25 each.

  2. Hard credit pull to open account?

  3. This does sound like a great deal overall, but I am a little curious about what counts as a direct deposit. It is great that there are no service charges or fees, but I will be doing more research about BBVA Compass Bank before I would open an account with them.

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