In a time when banks are struggling with debts and underwater mortgages, Compass Bank has bucked the trend. They are offering a promotion which seems almost too good to be true. The Bank is offering up to $150 cash for creating an account with them. The rules are rather simple. The offer is available at BBVACompass banks in Alabama, Arizona, California, Colorado, Florida, New Mexico, and Texas where they have a market presence.

You must open an account in the Month of August and deposit at least $25 in it. You will then receive $75 upon setting up a payroll direct deposit to the account, and another $75 upon using the bill pay service within the account. There are some additional caveats as well as the following:

* Must Be a U.S. Citizen.
* Must Be of legal age in your state of residence.
* Must Have a permanent residence within a state where BBVA Compass has a banking center, all which are listed above.

You can learn more about this promotion by calling 1-800-COMPASS. The average time to set up an account online is about 25-30 minutes.