Author: Jonathan Ping
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$250 bonus is back. In the current low interest rate world, easy bank bonuses have become more attractive way to boost your safe interest income. BBVA has brought back their popular $250 bonus promotion for a limited-time.
- $200 bonus for opening a new BBVA Free Checking account between 2/1-2/16 and receive a qualifying direct deposit of $500+ by April 30th, 2021.
- Additional $50 bonus by adding a new BBVA Savings account between 2/1-2/16 and having a savings balance of at least $1,000 on April 30th, 2021.
Note: Based on the eligible accounts, the bonus is only available in the following states: Texas, Alabama, Arizona, Colorado, California, Florida, and New Mexico.
If you want the entire $250 bonus, be sure to check the boxes for both offers on the promotion landing page. The promo code should be automatically applied, but it is WBOL2021. Checking account bonus details:
For accounts opened online, eligible accounts include BBVA Free Checking and BBVA Easy Checking. BBVA Free Checking and Easy Checking are only available in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas.
BBVA Free Checking account details:
- No monthly service charge. No ongoing minimum balance.
- Minimum opening deposit is $25.
- No ATM fees at BBVA USA ATMs.
- Free online and paper statements.
Savings account bonus details:
You must first meet stipulations for the $200 Checking Bonus to be eligible for the $50 Savings Bonus. The savings account must be opened at the same time as the checking account through this landing page using the “Open Bundle Now Button”.
Online Savings account details:
- No monthly service charge. No ongoing minimum balance.
- Minimum opening deposit is $25.
- Currently interest rate is 0.01% APY.
- You will automatically receive a paper account statement by mail for a fee of $3 per month. However, you can opt for free electronic account statements and eliminate the $3 Paper Statement Fee when you turn off paper statements through Online Banking. Don’t forget to opt out!
Additional bonus details:
- If qualifications are met, you will receive your bonus by June 30, 2021.
- We reserve the right to deduct the bonus amount if the account is closed within 12 months of opening.
- You must be a new BBVA consumer checking customer who has not had a BBVA consumer checking account open within the last 36 months or closed due to negative balance to be eligible for the bonus.
- Accounts must be open and in good standing with a balance greater than or equal to $0.00 at the time of payment in order to receive the new account bonus(es).
- These bonuses are not combinable with other BBVA Direct Deposit or Savings Account cash bonus promotions, and you may not have received a Direct Deposit or Savings Account bonus in the past 36 months.
This is a relatively easy bonus as long as you can switch over a single direct deposit of $500+ by the end of April 2021 and move over $1,000 in the savings account by the end of April 2021. There are no ongoing monthly fees to worry about, it can be only entirely online, the timeline is reasonable, and the amounts you have to commit are relatively low. For comparison, you’d have to keep $50,000 at 0.50% APY for an entire 12 months to get $250 in interest.
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BBVA $250 Easy Bank Bonus: $200 Checking + $50 Savings (Back Again) from My Money Blog.
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