Sovereign Bank Checking Account Review
On the heels of its successful first quarter strategy of offering new checking account customers signing up for a Premiere or Interest Checking Account, Sovereign Bank is again offering $100 during the second quarter for those successfully opening a new checking account with them.
There are several thing a potential customer must do in order to qualify for the $100 bonus for opening an Interest Checking Account or Premiere Account. Here is what those steps to take are to get the incentive:
- To qualify, you must 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;
- The next step you must take is to ask for a Sovereign CheckCard (”CheckCard”) and make a minimum of 2 CheckCard purchases within 60 days after you open your account;
- If you already have a savings or money market savings account, this next step won’t be necessary, but if not, you need to open any Sovereign savings or money market savings account with a minimum opening deposit of $100;
- Finally, you must enroll in Online Banking at the time of the 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. There is only one $100 credit allowed per customer.
No matter whether we’re living in tough or good economic times, it’s always best to take advantage of every type of additional source of income and interest we can in our personal finances and bank accounts, and even though a checking account interest rate will never be that high, it’s something we get for simply following the terms of service from the financial institution or bank.
In this case, the $100 dollars also has a great incentive to grab a checking account from Sovereign Bank. Another reason? According to Global Finance Magazine, Sovereign Bank is among the ten most safe banks in the world, another reason to seriously consider opening an account with them.
Tags: bank bonus, checking accounts, online banking, Sovereign Bank
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