To qualify for the $50 cash bonus requires opening a new personal checking account by 11/30/2012 and meeting the following requirements by 1/31/2013:
1) 1 direct deposit
2) 15 debit card purchases
Refer to the bank's promotion page for the full detailswww.scbtonline.com/checkingpromotion.aspx
The bank also has divisions in North Carolina and Georgia with the same promotion:www.ncbtonline.com/checkingpromotion.aspxwww.cbtonline.com/checkingpromotion.aspx
There's also a $50 refer-a-friend bonuswww.scbtonline.com/productsandservices/personal/checking/referafriend.aspx
They have both a free checking account and a rewards checking account. However, the rewards checking account yields have fallen quite a bit. They no longer list the rate on their website. A reader reported it had fallen to 1.25% APY in June 2011.