This Free-For-Life Checking promotion seems to be a long running promotion at the Bank of New York. I first reported on it back in October when the deal was scheduled to last through the end of the year. I saw from this SlickDeals thread that the expiration date is now March 4th. You can get the first $50 by signing up for direct deposit. An additional $25 bonus for using your debit card and $25 for paying your bills online. There's another $25 bonus, but it shouldn't really be considered part of this checking account bonus.
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