I just heard about this promotion for free money on the radio tonight, and so I had to check it out!
Details – Open a free checking account with PNC Bank using their website below, set up a direct deposit of at least $400 from your employer, and you will be credited your $50…not bad! I would recommend doing this is it is easy to switch deposit accounts with your employer. I’m going to do this tomorrow at work!
Select fine print details shown below
The payout of $50 will be credited to the eligible account within 30 days of the first Direct Deposit, which must occur before 3/31/10. The payout will be identified as “Direct Deposit Reward” on your monthly statement. A qualifying Direct Deposit is defined as a Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a Free, Performance or Performance Select Checking account or the Spend Account for Virtual Wallet. The minimum amount of any single Direct Deposit must be at least $400. The Direct Deposits must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits. Offer available to new PNC Bank checking account customers only who must open the account using the on-line application. Offer only available to residents of: DC, DE, FL, IN, KY, MD, NJ, OH, PA, VA.
One thing to keep in mind if you are searching for checking accounts that offer bonuses for opening:
Many offers only give you the free money bonus is you either 1) keep the account open for a set amount of time, or 2) make a minimum number of debit transactions each month. As you might guess, keeping up with these required transactions can be tedious. Micromaximus is a good website for helping you manage your rewards checking accounts by automatically making the transaction each month.