Sovereign Bank is offering potential customers a $100 bonus for setting up a checking account with them. This offer is available to new or existing customers until February 27, 2009.

You can receive this reward by either opening an interest checking account or a premier checking account. However, you must also receive a Sovereign CheckCard and make a direct deposit into your rewards checking account of at least $10.00.

Other Terms and Conditions:

- Make six purchases within 60 days of opening your account

- You will be credited with the $100 bank bonus 15 days after the 60 day opening period

- The interest rate(s) on the checking acocunt(s) will range from 0% – 0.50% depending on your balance

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