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The following bonus info was reported in this iBankDesign.com post.
Quote:
Title: $150 bonus - Sovereign Bank : Open Free Business Checking or Business Checking Plus, open Business Money Market Savings, make 2 purchases with Business Debit Card, Enroll in free Business Online Banking with BillPay; Exp. - 12/31/09
The bonus has expired!
LINK
Terms:
In
order
to
qualify
for
the
$150
cash
bonus,
you
need
to
do
all
of
the
following:
[1]
open
a
new
Free
Business
Checking
or
Business
Checking
Plus
account
by
December
31,
2009,
with
a
minimum
opening
deposit
of
$100;
[2]
open
a
Sovereign
business
money
market
savings
account
with
a
minimum
opening
deposit
of
$100
or
already
have
a
business
money
market
savings
account;
[3]
request
a
Sovereign
Business
Debit
Card
[also
know
as
Sovereign
Business
CheckCard]
and
make
2
Business
Debit
Card
purchases
within
60
days
after
you
open
your
account;
and
[4]
enroll
in
Business
Online
Banking
when
you
open
your
new
checking
account.
When
you
qualify,
you
will
receive
a
credit
of
$150
to
your
new
business
checking
account
within
75
days
after
you
open
your
checking
account.
Customers
that
currently
have
or
have
had
a
business
checking
account
in
the
last
6
months
at
Sovereign
or
any
of
its
divisions
are
not
eligible
for
the
business
checking
offer.
Stated
offer
is
valid
for
new
Sovereign
Merchant
Services
customers
from
October
31,
2009
through
December
31,
2009
and
are
actively
processing
on
or
before
January
31,
2010.
.
Offer
available
only
upon
approval
of
the
merchant
account.
Normal
fees
will
apply
after
the
three
month
period
or
after
the
$200
credit
is
used,
whichever
comes
first.
One
$150
credit
per
business
entity
as
identified
by
taxpayer
identification
number
[TIN].
The
amount
of
the
bonus
credited
to
the
account
will
be
reported
to
the
IRS
as
interest
for
the
year
in
which
it
is
paid.
Rebate
on
credit
card
processing
fees
will
be
applied
at
the
end
of
the
third
month,
based
on
the
actual
accumulated
credit
card
processing
fees
for
that
period
or
$200,
whichever
is
lower.
The
account
must
be
open
in
order
to
receive
the
bonus.
|
End of quote.
Source: iBankDesign.com
This bonus has expired!
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Definitions:
1 'Local' bonuses are bonuses for deposit accounts that are not available nationwide, such as credit uninon's accounts, accounts for in-state residents or local residents.
Please keep in mind that some local bonuses may not be available to you if you live in an eligible state but not in an eligile city or county.
2 'Professional' bonuses are restricted to certain professional groups, such as military, union members and students
3 'Aged' bonuses are bonuses that were reported by our visitors or posted on bank websites long time ago. These bonuses need to be verified by contacting a bank representative.
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