[OK] Sovereign Bank $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: OK only
• Direct deposit required: Yes, no minimum mentioned
• Additional requirements: 1 ACH transaction, 6 debit card purchases
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None 
• Early account termination fee: Unsure
• Household limit: None listed 
• Expiration date: None 

The Offer

Direct link to offer

• Sovereign Bank is offering a $250 bonus when you open a new checking account and complete the following requirements for each month for 90 days:
  • Set up 1 direct deposit
  • Complete 1 ACH transaction
  • Make 6 PIN-based debit card purchases

The Fine Print

• Offer available for a limited time.
• To qualify for the one-time $250 bonus, customer must open a new Red, White & Rewarded Checking account and complete the following each month for the first 90 days after account opening: one (1) qualifying direct deposit, one (1) ACH transaction and six (6) PIN-based debit card transactions.
• Account requires $25 to open, is non-interest bearing, and has no minimum balance.
• Limit one bonus per customer.
• Bonus is paid within 30 days after meeting qualifications.
• Account must be open and in good standing at time of bonus payment.
• Joint accounts are considered one customer for the purposes of this promotion.
• Offer subject to change or cancellation at any time. Member FDIC.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is a free checking account with no monthly fees to worry about.

Early Account Termination Fee

I wasn’t able to find a fee schedule so unsure if there is any EATF or not. 

Our Verdict

Hat tip to reader Bockrr

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