Sovereign Bank's $250 Checking Bonus: A Simple Way to Earn Cash

If you're on the hunt for a straightforward bank bonus, Sovereign Bank is offering a $250 reward for new checking customers. It's part of their celebration of America's 250th birthday, and the requirements are pretty manageable. Let's break down what you need to do to pocket the cash.

What's the Catch?

No catch, but you do have to be consistent. For the first 90 days after opening your account, you'll need to complete three tasks each month: set up one direct deposit, make one ACH transaction, and use your debit card for six PIN-based purchases. That's it. Do that every month, and the $250 lands in your account within 30 days after you've met all the requirements.

The account itself is pretty low-maintenance. It requires just $25 to open, has no minimum balance, and doesn't charge monthly fees. Just keep the account open and in good standing until the bonus is paid, and you're good.

Is This Offer Right for You?

If you live in Oklahoma and are looking for a new checking account, this is a solid deal. The requirements are doable for most people—especially if you already have direct deposit set up. The ACH transaction can be as simple as transferring money between accounts, and six PIN-based purchases is just a few stops at the grocery store or gas station.

One thing to keep in mind: the account is non-interest bearing, so you won't earn interest on your balance. But if you're after the bonus, that's probably not your main concern. Also, joint accounts count as one customer, so if you open with a spouse, only one of you gets the bonus.

How to Get Started

Head over to Sovereign Bank's website and fill out the form to open your Red, White & Rewarded checking account. It takes just a few minutes. Once you're in, set up your direct deposit, schedule an ACH transfer, and start using that debit card. Before you know it, the bonus will be yours.

If you have questions, you can call 833.782.6500 or visit a branch. The offer is available for a limited time, so don't wait too long to decide.

Bottom Line

• Earn $250 by opening a Red, White & Rewarded checking account and completing monthly tasks for 90 days.
• Requirements: 1 direct deposit, 1 ACH transaction, and 6 PIN-based debit card purchases each month.
• No monthly fees, no minimum balance, and only $25 to open.
• Bonus paid within 30 days after meeting all qualifications; account must remain open and in good standing.
• Limited time offer, so act soon if you're interested.

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