Bonus terms as copied from bank's website on 10/23/08:
Reach a combined balance of $15,000 in 90 days, and you'll receive $100.*
Make 6 qualifying VisaŽ CheckCard purchases within those same 90 days and earn $50.*
Open a new Sovereign Premier Checking account by November 7, 2008 with a standard minimum opening deposit of $10 and request a Visa CheckCard (VCC). If the combined balance of your Sovereign checking, savings and money market savings accounts, CDs, IRAs, investments and loans (not including mortgages, student loans, credit card balances, unsecured personal loans and lines of credit issued by FIA Card Services, N.A., the unused portion of any Sovereign credit line, and for Sovereign Bank customers in New England, indirect auto loans obtained through automobile dealers) is $15,000 or more on the 90th day after you open your account (or, if the 90th day is not a bank business day, the immediately preceding bank business day), you will receive a credit of $100 to your new checking account within 15 days after the expiration of this 90-day period. If you make 6 VCC purchases within 90 days after you open your account, you will receive an additional credit of $50 to your new checking account within 15 days after the expiration of this 90-day period. One $150 credit per customer. Your account must be open and in good standing in order for you to receive your account credit. Annual percentage yield (APY) of 0.10% for Sovereign Premier Checking or Business Owner Premier Checking when balance is less than $5,000 and 0.45% APY when balance is $5,000 and above. APYs effective as of September 6, 2008 and are subject to change at any time. Fees may reduce earnings. The amount of the bonus credited to your account will be reported to the IRS as interest for the year in which the bonus is credited to your account. Current personal checking customers or anyone who has had a personal checking account with Sovereign Bank or any of its divisions in the last 90 days are not eligible for this offer. Current employees of Sovereign Bank or any of its divisions are also not eligible for this offer. Cannot be combined with other offers.
