Posted by Madison on May 15, 2009
Open a new checking account this spring, and Sovereign Bank will give you $100. The Sovereign deal is the featured Free Money Friday offer this week!
How to Get Your Sign Up Bonus
- Open a new Sovereign Bank checking account by May 22, 2009 with a minimum deposit of $10.
- Request a Sovereign CheckCard.
- Make six purchases totaling $250 in 60 days with your check card.
- Bonus will be added to your account within 15 days after the expiration of the 60-day period.
Sovereign Bank Details
Type of account. You can sign up for an interest checking account or a premier checking account to get the bonus. The interest checking account is free with direct deposit, otherwise it’s $5 per month and has no minimum balance. The premier checking is free with $15,000 in combined balances, otherwise it’s $25 per month.
Direct Deposit. While researching this offer, I read in various forums that Sovereign Bank counts ACH transfers from ING or Etrade to satisfy the direct deposit requirement. Even if you don’t, you’ll only lose $15 ($5 for 3 months) from your $100 and clear $85.
Terms and Conditions
- One $100 credit per customer.
- Current personal checking customers or anyone who has had a personal checking account with Sovereign Bank or any of its divisions in the last 6 months are not eligible for this offer.
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Thanks a lot for sharing this deal with your readers.
Other profitable bank bonuses I have found include M&T Bank $100 Checking bonus, Bank of America $75 Checking Bonus and $100 Citibank Bank Bonus offer.
Bank bonuses are a great way to earn some side income in this tough economy. Making $25 to $200 per offer is pretty awesome.
However one should always read the fine print in any bank bonus offer. I always try to open the account where I am required to do the least amount of work.