Independent Bank is offering a $50 bonus for opening its free checking account. This special is not listed at the bank's website. It was advertised in today's Memphis newspaper. The ad is available online here. One thing to note is that the only apparent requirement for the bonus is new money to open the account. There is no mention of direct deposit. The free checking account requires an opening deposit of $100, but there are no minimums after account opening and no monthly fees.
In February this bank had a similiar promotion, but the bonus was a $50 gift card. This time it seems to be a cash bonus. Note, readers who checked with the bank in February commented that it was only available to those in the local area.
Branches are located in Memphis and Collierville, TN. The bank has been FDIC insured since 1998.
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