$100 bonus for opening a Checking account ($100 deposit) + Money Market or Savings account ($100 deposit), plus Enrolling in free on-line banking, getting a CheckCard and using it to make two qualifying purchases (yet to find out the definition for "Qualifying"). $100 cash bonus will be received after 75 days from the date of opening your accounts.
Direct deposit (even partial) will avoid $5 monthly account maintenance fee.
In order to qualify for this cash bonus, you need to:
(1) open a new Sovereign Premier Checking, Business Owner Premier Checking, Interest Checking or Partnership Checking account by October 30, 2009, with a minimum opening deposit of $100
(2) request a Sovereign CheckCard ("CheckCard") and make 2 CheckCard purchases within 60 days after you open your account
(3) open any Sovereign savings or money market savings account with a minimum opening deposit of $100 or already have a savings or money market savings account
(4) enroll in Online Banking at account opening
When you qualify, you will receive a credit of $100 to your new checking account within 75 days after you open your checking account. One $100 credit per customer.
BhartiShah
Senior Member
posted: Sep. 25, 2009 @ 11:00a
T&C for Offer.. Residential address must be located in the following states: ME, VT, NH, CT, RI, MA, NY, NJ, PA, WV, MD, DE, District of Columbia
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.
dacii
Member
posted: Oct. 23, 2009 @ 10:49p
Very difficult to avoid monthly fees with any combo of two accounts. I'll pass.
bankdealsrule
Senior Member
posted: Oct. 24, 2009 @ 5:20p
If you get the Sovereign Bank accounts, and you have at least $15,500 you could open up a Sovereign Premier Checking account, Premier Money Market account, and have the bulk of your money in the Save and Invest CD Program... where if you invest $15,000... half goes to the Save CD, a short-term 6-month CD currently at 2.23%APR/2.25%APY, minimum is $2,500; the other half goes to a InvestCD, a 36-month CD where principal is guaranteed, minimum $2,500 deposit, and maturity date is November 30, 2012; details not included...but it is somehow tied to the S&P 500 Index as of November 30, 2009. After 6-months, you'll have to keep the money at Sovereign since you will have the Premier Checking account that requires $15,000 minimum balance requirements in all deposit accounts to avoid steep monthly maintenance fees. Save-and-Invest Sovereign CD
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