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It has been a long time since I posted the latest Banking Promotion from US Banks. The economic situation is still not very good. Sovereign Bank is offering $100 sign up bonus for opening a new checking account and make required banking activities. This is a great promotion for us since there is no direct deposit required to earn the easy $100 bonus. If you want to open a new account and want to make some easy money, this is a great chance.

The $100 bonus is pretty easy to get. The promotion page is located at www.sovereignbank.com/100. Following is the detailed promotion requirements:

• Open a Sovereign Premier or Interest Checking account along with a Check Card by May 22nd
• Use your CheckCard to make 6 purchases totaling at least $250 in 60 days
• Get $100 bonus deposited into your account 15 days after the 60-day opening period

Please note that this offer is only available to new customers only.

The Interest Checking Account requires monthly direct deposit to avoid monthly fees ($5). The Premier Checking Account requires $15000 balance every month to avoid monthly fees ($25)! I certainly would like to suggest you open an Interest Checking Account to get the $100 bonus. Try your luck!

For those who still do not have a checking account at Key Bank, there is good news! Key Bank is offering free Garmin nuvi GPS for opening a new checking account with required banking activities. There are couples of checking account products to choose from and two different GPS units to choose from as well.

The promotion page for this offer is here. Although there are different checking accounts to choose from at Key Bank, the requirements for each checking account is same.

Get a Garmin® nüvi® GPS when you open a qualifying checking account at KeyBank by April 24, 2009 and make one debit card transaction plus a combination of two direct deposits and/or automated payments each of $100 or more by June 26, 2009.

There are two different Garmin units for different checking accounts:

Garmin nuvi 205W GPS for Key Express Free Checking and Key Advantage Money Market Checking Account.

Garmin nuvi 265WT GPS for Key Privilege Checking Account and Key Privilege Select Checking Account.

One debit card transaction and two direct deposits are equal to a Garmin nuvi GPS! I would take the chance to get the GPS from Key Bank.

Fine print:

Qualifying debit card transactions include signature, PayPass®, and PIN-based purchases. ATM and over-the-counter withdrawals and deposits are excluded. Direct deposit transactions are limited to: payroll, Social Security, pension, and government benefits. Automated payments exclude Key Bill Pay, debit card automated payments, PayPal® transactions, and account to account balance transfers. Limit one Garmin® GPS per qualifying account. Limit one Garmin® GPS per individual. Offer valid while supplies last. The value of the Garmin GPS will be reported on Form 1099-INT. You will receive your Garmin® GPS within 90 days of meeting requirements. Offer available to individuals without an existing checking account at KeyBank as of 3/27/09.

Note: This offer is only available to the residents of the states where Key Bank located.

Capital One is offering $50 sign up bonus for new customers who open a new banking account at Capital One with required deposit. The financial situation of Capital One is pretty good. It did not invest much money in the subprime mortgage market. Put your money at Capital One is really safe. If you are still looking for banking offers, I suggest you take this chance. It is easy to get as long as you make enough initial deposit.

The promotion page is here. This offer is nationally available. You can open a new account online at www.capitalonedirect.com. Following is the detail of this promotion:

• Open a new account before 04/15/2009
• Make at least $10,000 deposit by 05/8/2009
• At least $10,000 must be on deposit on 05/8/2009
• You are a new customer to Capital One Direct Banking
• Offer code: OFFER50

The yield of savings account at Capital One is not bad.

I have not updated my blog for a long time simply because I am pretty busy and there is no good news right now. The economy situation is still not good. PNC Bank and National City Bank, however, are still offering great banking bonus for new customers. Right now, they are offering $75 bonus for opening a new checking account with required direct deposit.

Here is the link to PNC Bank promotion page. This time the promotion seems like very easy as long as you use your visa check card issued by PNC. Following is the detail:

Open a select new PNC personal checking account with a PNC Bank visa check card between March 2 and March 28, 2009. PNC will pay you $1 for each qualifying purchase made using your PNC Bank visa check card and for every complete online bill payment made through May31, 2009.

Eligible personal accounts for this offer are Free Checking, Performance Checking, Performance Select Checking and the Spend Account of Virtual Wallet.

A “qualifying purchase” is any signature-based purchase, internet purchase, phone or mail-order purchase, bill payment, or small dollar purchase for which you are not required to sign, which is processed or submitted through the Visa U.S.A. Inc. payment system. PIN-based purchases are not qualifying purchases.

The Free Checking Account qualifies this offer and features:

• Free transactions at any PNC Bank ATM
• Non-PNC ATM fees reimbursed with a $2,000 average monthly balance
• No minimum balance requirement and no monthly service charge
• Earn rewards with your enrolled PNC Bank Visa Check Card when you make a qualifying purchase
• Free Online Banking³ and Bill Pay

National City Bank now is part of PNC Bank. The $75 visa check card promotion page is here.

• Open a new checking account with a minimum of $50 initial deposit by 3/31/09
• Set up direct deposit of at least $250 into your account within first 60 days
• Make at least 10 check card purchases within first 60 days

This offer is limited to residents of FL, IL, IN, KY, MI, MO, OH, PA and WI.

M&T Bank is offering checking account bonus for all the checking products at M&T Bank. You can get up to $100 bonus for opening selected checking account with qualified direct deposit. This is a great deal for new M&T bank customers. M&T Bank offers a lot of checking account products. You should look carefully to choose the best one for you.

Details about this promotion:

There is a promotion banner at the website of M&T Bank. You have to enter your zip code to get the information about the current checking promotions. M&T Bank has locations at DE, MD, NY, PA, VA, WV and DC. You have to be a resident at the above states to qualify for this promotion. You can apply online, call M&T Bank at 866-878-0329 or stop into your nearest branch.

Accounts offer $100 Cash Bonus:

M&T Power Checking, M&T Select Checking, M&T Classic Checking w/interest and M&T Direct Checking

Accounts offer $25 Cash Bonus:

M&T Totally Free Checking and M&T @College Checking

Since we can get $100 bonus for doing required banking activities, I will briefly mention how to get $100 bonus.

M&T Direct Checking is a good choice to me. There is no monthly service fee with direct deposit OR when you maintain at least $1,500 in combined average daily M&T Direct Checking and M&T Personal Savings balances. Otherwise you will be charged a $5.95 monthly fee.

This account features:

• Free M&T Web Banking and M&T Web Bill Pay^**
• M&T Check Card with free Visa® Extras Rewards
• Free account access at over 1,600 M&T Bank ATMs^*
• Unlimited check writing
• Plus − Direct Deposit, Overdraft Protection, Electronic Statements, Easy Save

For this $100 bonus, all you have to do is maintaining direct deposit to the account within 90 days of account opening. Bonus will be credited to the account after the first such deposit is made and will be reported as income for tax purposes. It is pretty easy to accomplish this requirement!

The name M&T is an abbreviation of Manufacturers and Traders Trust Company. And it is ranked 496th on the Fortune 500.

Bank of America just announced the launch of a new online shopping site-Add It Up, which is said to allows enrolled customers to earn up to 20% cash back on their purchases at more than 270 online retailers, including top names such as Walmart.com, BestBuy.com and Barnes & Noble.com. This seems to be a new cash back website for Bank of America’s online banking customers.

It looks like a new cash back website for me. Many credit card issuers also offer similar reward website. For example, Chase has the Chase Rewards Plus, Discover Card has the ShopDiscover, and Citi has the Citi Cash Bonus Center. But from this move, we can see that Bank of America is dedicated to serve its customers. “With Add It Up, Bank of America is giving customers a new way to stretch their money by getting cash back on purchases from hundreds of retailers they do business with regularly, and letting them do it online at their convenience.” as indicated by David Owen, Checking and Debit executive for Bank of America.

The merchants listed at Add It Up look really great. Add It Up has included essentially all major US online merchants and covered all categories. You can get up to 20% cash back from more than 270 participating online retailers (such as iTunes, Macys.com, BestBuy.com, Barnes & Noble.com, Walmart.com, Homedepot.com, Sephora.com, Staples.com, Gap.com, PETCO.com, Overstock.com, REI.com and LandsEnd.com). Plus you can combine Add It Up cash back with existing deals and discounts from retailers and other Bank of America programs such as Keep The Change and BankAmericard Rewards. It indeed is a great cash back deal for Bank of America customers!

Bank of America customers with a current Bank of America credit or check card who are enrolled in online banking can register for free through the Add It Up site at http://www.bankofamerica.com/additup.

National City Bank is now a part of PNC bank. I reported two huge banking bonuses from National City Bank back to 2008. One was offering $200 and another was offering $150. Now the situation of National City Bank has been stabilized and the bonus they are offering right now is only $75.

The promotional link to this $75 bonus can be found here. National City will give you $75 visa gift card for opening a new checking account and do required banking activities. Following is how to get the bonus:

Details about this promotion:

1. Apply online or call 1-866-844-0056 to open your checking account by 03/31/09.

2. Set up direct deposit of your entire paycheck (of at least $250) into your account within the first 60 days – click the tab below to see how our Switch Service can help.

3. Get a free National City Visa CheckCard^** and make at least 10 purchases within the first 60 days.

This promotion ends on March 31, 2009.

National City has a lot of checking account products like Elite Checking, Free Checking Plus, Interest Checking Plus, Interest Checking or free checking.

Actually, PNC Bank was also offering $75 bonus for opening a new checking account and make required direct deposit. But the offer was ended on 02/28/09. Link is here.

It has been a long time for me to not mention banking bonus at mycardblog.com. We all know current economic situation is very bad. Only Chase is offering $100 or $125 checking account bonus all year round. Citi and Bank of America are not offering bonus for opening checking/savings account recently. But there are many regional banks that offer sign up bonuses for opening a new checking/savings account.

Dollar Bank is offering $100 bonus for opening a new checking account with required banking activities. The first $50 bonus will be on your free Dollar Bank debit mastercard. The first $50 on your debit card purchases will be credited back from Dollar Bank. Anther $50 bonus required you to make direct deposit to the new checking account.

Following is how:

1. Open a new FreeMoney checking account with minimum $50 deposit and use your debit card issued from Dollar Bank. The first $50 is free for you. Applies to debit card purchases with a signature only.

2. Make cumulative direct deposits of $250 by 3/31/09 and you will receive the bonus by 04/15/09.

You can open the account online or even request a printable email to your mailbox and bring it to a local branch. Dollar Bank is a federal savings bank headquartered in Pittsburgh, Pennsylvania.