Union Bank is offering a $125 bonus for opening any of its personal checking accounts and when you either sign up for direct deposit OR make 3 online bill payments. Checking account must be opened by 10/29/2010. Here's the direct link to Union Bank's promo page.
Some of the important small print includes:
To qualify for the $125 bonus, open a Union Bank Free Checking account or any personal checking account by 10/29/10 and establish one qualifying service. Qualifying services include an ongoing monthly direct deposit of $100 or more, OR 3 Union Bank online bill payments each month to three different payees, beginning the month after account opening. Minimum opening deposit $100. The $125 bonus will be deposited by 1/31/11 into the personal checking account, which must be active and in good standing. Limit one offer per household. Not valid with other offers. As required by law, bonuses must be reported as interest paid and requires Form 1099-INT be sent for tax purposes by 2/15/12. Available for personal accounts only.
One additional small perk is a free Maneki Neko bank.
Union Bank does offer a free checking account with no minimum balance and no monthly service charge.
This promo appears targeted to the Japanese community, but the promotion page does state that you can visit any local branch. Branches are located in California, Washington and Oregon. Update 9/24/10: Reader has reported having problems with his branch honoring this special. Before visiting your local branch, make sure to call your branch to ensure they will honor this promotion.
Credit for this find goes to FW member Bagofchips who posted it on this FW thread.
Union Bank Overview
Union Bank is a large regional bank that's based in San Francisco, California with 400 branches in California, Washington and Oregon. Its overall health score is 4 out of 5 with a Texas Ratio of 16.57% (excellent) based on 6/30/10 data. Please refer to our financial overview of Union Bank for more details. The bank has been a FDIC member since 1979 (FDIC Certificate # 22826).
Other Bank Bonuses
To find other bonus deals at other banks, please refer to the bank bonus page which has all of my recent bank bonus blog posts. There are also additional bonuses listed in the checking account deals forum.