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Sovereign Bank $100 Sign Up Bonus

Open a new checking account this spring, and Sovereign Bank [1] will give you $100. The Sovereign deal is the featured Free Money [2] Friday offer this week!

How to Get Your Sign Up Bonus

  1. Open a new Sovereign Bank checking account [1] by May 22, 2009 with a minimum deposit of $10.
  2. Request a Sovereign CheckCard.
  3. Make six purchases totaling $250 in 60 days with your check card.
  4. 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 [1] counts ACH transfers from ING [3] or Etrade [4] 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 [5] 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.