The promotion rewards points, and these can be used for travel, gift cards and merchandise. A maximum of 20,000 points can be earned in the first month:
- 5,000 points with your first online bill payment or automatic payment from checking
- 5,000 points when you sign up for direct deposit
- Up to 10,000 points for Visa check card signature purchases in the first 30 days (1,000 points per purchase)
I had first posted on this deal in August 2008. There's an online application, but readers in that post mentioned that the Cal National accounts are only available to California residents. I recently learned from this FW thread that the deal is still available and is also being offered by other subsidiaries of the FBOP Corporation which are located in a few other states. Here's a list of the other FBOP subsidiaries that also have this promotion. The links below point to the banks' checking account pages which list the same promotion as described above.
- Cal National Bank based in Los Angeles, CA
- San Diego National Bank based in San Diego, CA
- Pacific National Bank based in San Francisco, CA
- Park National Bank based in Chicago, IL
- North Houston Bank based in Houston, TX
- Madisonville State Bank based in Madisonville, TX
- Citizens National Bank based in Teague, TX
- Bank USA, N.A. based in Phoenix, AZ
Credit for this latest info goes to FW member ThePessimist to posted it on this FW thread.