Compass Bank is offering a promotional checking account deal, the bank will give you $100 in cash for opening a checking account. Compass Bank is headquartered in Birmingham, Alabama.

The bank has 577 branches in Alabama, Arizona, Colorado, Florida, New Mexico and Texas. Compass is among the top 25 largest banks in the U.S. based on deposit market share and ranks among the largest banks in Texas (4th) and Alabama (3rd).  

To qualify for the $100 cash payment you will need to do the following.

• Checking Accounts have to be opened between 03/02/2009 and 03/21/2009
• Open a “Build to Order Free Checking Account”
• Deposit a minimum of $100
• Establish a recurring payroll direct deposit
• Enroll in online statements
• Stop receiving paper statements by 04/30/2009

The $100 cash bonus deposit will occur within 120 days of  opening the checking account in the account that receives the recurring payroll direct deposit.