Are you sure, Mike? There were several reports here and here that the bonus is available only to residents of Greater Philadelphia Region while the account is available nationwide.
Thanks,
Mark
Bonus is available nationwide. You may apply online.
LINK
Below is a reposit of fixfox69 message on FW about this bonus (thanks fixfox69!)
"""
No minimum balance requirement
Earn a .50% APY on balances of $300 or more
$50 cash awarded after your first Direct Deposit
Free Internet Banking with Bill Payment
$50 cash awarded after paying your first bill online
Online Check Imaging
Free Check Card available
No ATM fees from Beneficial
Free initial order of checks
No per item/check fees
Monthly statements with Check Imaging
Free Telephone Banking
Free Visa Extras Program
Overdraft protection available
You get:
$50 4wks after your first Direct Deposit Transaction.
$50 4wks after your first Bill Payment Transaction.
$50 if within 60 days of acct. opening balance equals or is > $1000.
Offer exp. is 03/31/07.
I joined a month ago for $100 bonus - before they added another $50 for $1000 balance, and are now waiting for the second $50 to post to the account (sent myself a check). The first $50 for Direct Deposit posted promptly - after transfering funds from my PayPal account - so this option works.
My Checking account with Beneficial has zero fees.
"""
source: fatwallet.com/t/52/707661/
I was confirmed it is for local only.