MyCardBlog

Sovereign Bank is running sign-up bonus for opening a personal checking account or business checking account there.

$75 bonus for opening a Free Interest Checking Account:

• No monthly maintenance fee
• No minimum balance requirement
• Free Online Banking with BillPay
• ¼% rate discount on secured consumer loans and lines of credit^*
• No fee to use other banks’ ATMs in the U.S.
• No-annual-fee Gold Visa^® CheckCard
• Free Graystone-style checks
• Access to 2,300 Sovereign ATMs and 750 Community Banking Offices

How to get the $75 bonus?

• Open your account with a $100 minimum deposit
• Request a Gold Visa CheckCard
• Set up and receive direct deposit within the first 60 days

$300 bonus for opening a Business Owner Banking Account:

• No monthly maintenance fees
• No minimum balance requirements
• 300 basic transactions^**
• Free cash deposit processing
• 1½% discount on regular business loan rates
• More personal attention

How to get the bonus?

• Open a Free Business Checking account
  with a $500 minimum deposit
• Request a Sovereign Business Visa^® CheckCard
• Open a Business Owner Premier account
• Reach your relationship balance

Sometimes the bankers will need you to present your business license in order to open a business account for you. Sometimes you can tell them that you’re a solo proprietor and want to use your SSN as ITN. It seems it’s easier to get a business card than to open a business checking account. (check out how to apply for a business card)

Actually, Sovereign Bank is also offering $150 bonus for opening a Premier Checking Account. However, this account requires you to maintain at least $15,000 balance at Sovereign Bank. Details can be found here.

All of the promotions end on May 30, 2008.