One lucky reader opening a new Chase Checking Account will be eligible to receive up to $125 with a special coupon code provided by MyBankTracker.com.

You may remember reading about a similar $150 checking promotion offered by Madison National Bank, and this one is nearly identical. The difference is the previous offer for a $150 checking bonus was for the bank's Easy Checking with Interest account while this one is for the Totally Free Checking account.

Like anything else in life, when you hear about a bank deal that seems too good to be true, the first question you should ask is "What's the catch?"

Open a new Wells Fargo checking account by August 15, 2009 (Tomorrow!!) and get a $50 bonus. You can also choose from a variety of products and services customized just for you to get waived fees, exclusive discounts, and bonus interest rates.

National City Bank gives a $150 gift card for opening a new checking account.  TCF Bank gives you $50 free groceries (as a Meijer Gift Card) when you open a new TCF Totally Free Checking Account.  Fifth Third Bank gives you free checking with no minimum balance and 2 free ATM withdrawals at other banks per month. Be sure to check out the fine print, Fifth Third will waive their $2 fee for using another bank's ATM twice per month, but the other bank may still charge a fee.