Sovereign Bank is offering new customers up to $100 cash if they open a new checking account by November 30, 2011.
New customers will receive $50, $75 or $100, depending on whether they open a Classic, Preferred, or Premier Checking account.
Funds deposited must be new money from another institution.
Here are the rules:
(1) open a checking and companion savings account, with a minimum deposit of $25 for checking and a minimum deposit of $10 for savings before 11/30/11;
(2) enroll in Online Banking;
(3) request a Debit MasterCard® at account opening, and
(4) make five purchases with your Debit Card by 1/31/12.
After these steps, the bank will credit a cash bonus to your new checking account by 2/15/12.
All accounts are FDIC-insured up to $250,000.
Open a new account here.



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