This looks like an easy $50 for those in the Phoenix area. Just open a checking account by July 2, 2010.
I don't see any direct deposit requirement, and it appears their EZ Checking qualifies.
Some of the important small print:
We will report to the IRS any premium. Any applicable taxes are the responsibility of the recipient. Offer does not apply to second or multiple checking accounts and/or existing Heritage Bank, N.A. checking customers. Offer expires July 2, 2010. Checking account must remain open for 180 days. Minimum deposit to open is $50. Offer not valid with any other promotion. Limit two gifts per household.
Credit for this find goes to markber at iBankDesign