Susquehanna Bank is offering up to $150 in its checking account promotion. It's listed on the bank's front page. Here's the link to the promotion page. A new personal checking account must be opened by December 31, 2010. Here are the additional requirements as listed in the promotion's small print:
- $50 for three signature-based Visa Check Card purchases
- $50 for enrollment in Internet Banker with Bill Payment and payment of two bills of at least $25 each
- $50 for establishing direct deposit of $100 or more
Some of the important details in the small print include:
A qualifying Direct Deposit or ACH can be any regular transaction made by an employer, outside agency or business with an occurrence of at least monthly. Transfers between accounts, interest deposits or deposits from a Susquehanna office or ATM do not qualify.
Households are limited to one reward for each of the three offers. All rewards can be issued separately and will be paid in the form of a deposit to your Susquehanna Bank checking account on the 15th day of the month following the month you have completed the required transactions. Deposit(s) will appear on your statement as “Acct Premium MISC Income.
Checking accounts are subject to approval and customers with existing personal Susquehanna checking accounts or checking accounts closed within the last 90 days are not eligible. Not valid with other offers, is non-transferable, is for a limited time and may be withdrawn, modified or subject to change at any time.
The bank's free checking account qualifies for this promotion. A minimum deposit of $25 is required to open the account. It has no minimum balance requirement and no monthly fees.
Susquehanna will also donate 50 meals to food banks throughout their service region for every new checking account opened.
Credit for this find goes to iBankDesign
Available Only to Susquehanna Market Area
I called the bank today and according to the bank's CSR, you must live within their market area (parts of PA, MD, NJ and WV). If you live in these areas, you can apply online and avoid coming into a branch. They can mail you the documents after you submit your application online.
No Hard Pull, ChexSystems is Used
The CSR also said there is no hard credit pull. They only do ChexSystem verification in the application. I asked if multiple ChexSystem inquiries would be an issue. I didn't get a clear answer about this, but the CSR said that they are mostly concerned with negative items on the ChexSystems history like bounced checks.
Susquehanna Bank has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 11.32% (excellent) based on September 2010 data. It's a sizable bank with $13.88 billion in assets. Please refer to our financial overview of Susquehanna Bank for more details. The bank has been a FDIC member since 1934 (Certificate # 9694).
Other Bank Bonuses
To find other bonus deals at other banks and credit unions, 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.