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The following bonus info was reported in this iBankDesign.com post.


Quote:


Title: $100 Bonus - Sovereign Bank: Interest Checking Account; Exp-11/7/08



The bonus has expired!

Link to promo page




Bonus terms as copied from bank's website on 11/1/08:

Open an Interest Checking account by November 7th, and you can earn up to $100.*
How:

* Open a new account with $10 and receive a Direct Deposit into your account within 90 days, and you'll earn $50.*
* Make 6 qualifying VisaŽ CheckCard purchases within those same 90 days you'll receive an additional $50.



If you open a new Sovereign Interest Checking or Sovereign Partnership Checking account by November 7, 2008 with a standard minimum opening deposit of $10, request a Visa CheckCard (VCC) and initiate a Direct Deposit transaction to your new checking account within 90 days after the day you opened your account (or, if the 90th day is not a bank business day, the immediately preceding bank business day), you will receive a credit of $50 to your new checking account within 15 days after the expiration of this 90-day period. If you make 6 VCC purchases within 90 days after the day you opened your account, you will receive an additional credit of $50 to your new checking account within 15 days after the expiration of this 90-day period. One $100 credit per customer. Your account must be open and in good standing in order for you to receive your account credit. Annual percentage yield (APY) of 0.10% for Sovereign Interest Checking. APY of 0.05% for Sovereign Partnership Checking when balance is less than $2,000 and 0.10% APY when balance is $2,000 and above. APYs effective as of September 6, 2008 and are subject to change at any time. Fees may reduce earnings. The amount of the bonus credited to your account will be reported to the IRS as interest for the year in which the bonus is credited to your account. Current personal checking customers or anyone who has had a personal checking account with Sovereign Bank or any of its divisions in the last 90 days are not eligible for this offer. Current employees of Sovereign Bank or any of its divisions are also not eligible for this offer. Cannot be combined with other offers.

** Direct Deposit is required. As of September 15, 2008 there will be a $5.00 fee assessed if direct deposit is not set up.

*** Requires automatic payment from a Sovereign Checking account and is not applicable to mortgages or auto loans obtained through a dealer.


End of quote.

Source: iBankDesign.com

This bonus has expired!

 

 


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Definitions:
1 'Local' bonuses are bonuses for deposit accounts that are not available nationwide, such as credit uninon's accounts, accounts for in-state residents or local residents. Please keep in mind that some local bonuses may not be available to you if you live in an eligible state but not in an eligile city or county.
2 'Professional' bonuses are restricted to certain professional groups, such as military, union members and students
3 'Aged' bonuses are bonuses that were reported by our visitors or posted on bank websites long time ago. These bonuses need to be verified by contacting a bank representative.

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