Union Bank $100 Checking Account Bonus

Union Bank is offering a $100 bank bonus when you open a checking account by 1/28/11. To qualify for the $100, a personal checking account must be opened by January 28, 2011, and you must either sign up for direct deposit, make three online bill payments or make five debit card purchases.

To qualify for the $100 bonus, open a Union Bank personal checking account by 1/28/11 and establish one qualifying service, no later than the month after account opening. Qualifying services include an ongoing monthly direct deposit of $100 or more, three Union Bank online bill payments each month to three different payees, OR five debit card purchases or payments per month (excluding cash withdrawals, transfers, or ATM inquiries). Minimum opening deposit $100. The $100 bonus will be deposited by 4/29/11 into the personal checking account, which must be active and in good standing. Limit one offer per household. Not valid with other offers. Available for personal accounts only and for customers who do not have an existing personal checking account. Bonuses are reported as interest paid and a Form 1099-INT will be sent for tax purposes by 2/15/12. Offer valid only at participating branches.

Visit Union Bank's promotional page for more details.

Sovereign Bank $150 Cash Bonus

Open a Sovereign Bank Premier Banking package and you could earn a $150 cash bonus. The Premier Banking package includes a Premier Checking Account and Premier Money Market Savings Account. The offers is good through Nov. 12, 2010. Details of the offer include:

  • Checking account requires minimum deposit of $100
  • Must open money market account with $100 or have an existing money market
  • Must enroll in online banking when opening account
  • Must request a Sovereign Debit Card and use it to make five purchases within 60 days of opening account or set up direct deposit

After all the requirements have been met, you receive the $150 bonus as a credit in your checking account within 75 days of opening the account. Sovereign Bank’s money market and checking accounts have tiered interest rates.

Checking account balances earn the following:

  • 0.01% annual percentage yield (APY) for balances less than $15,000
  • 0.1% APY for balances of $15,000 and up

The money market earns:

  • 0.25% APY on balances below $10,000
  • 0.45% APY on balances of $10,000 to $24,999
  • 0.5% on balances of $25,000 to $49,999
  • 0.55% APY for $50,000 to $74,999
  • 0.6% APY on for $75,000 and up

Interest rates are effective as of Sept. 1, 2010.