More details as follows:

• When you open the account, request for a Sovereign Check Card (SCC)
• Make 6 purchases using your SCC totaling to at least $250 within 60 days after account opening
• Receive your $100 cash credit 15 days after the 60-day account opening period
• Personal checking customers who have an existing checking account with Sovereign Bank, or any individual who has opened a Sovereign checking within the last 6 months is not eligible for the promo
• The cash bonus will be reported to the IRS as interest

Some important features of the Sovereign checking accounts:

• Free Online Banking with BillPay;
• Free use of other banks’ ATMS (although the other banks may charge fees at their end);
• Free Graystone-style checks;
• Offers 20% cash back bonus with Sovereign Cards Rewards;
• No minimum balance for Interest Checking and no monthly fee with direct deposit (or pay $5 if none);
• No monthly fee when you maintain $15,000 in combined balances for the Premier Checking (or pay $25).

Sovereign Bank is FDIC-insured and a wholly-owned subsidiary of Banco Santander. For more details of this latest bonus offer, click this Sovereign promo link.