Free Cash: 3 Lucrative Checking Accounts

eHow Money Blog

Open a checking account and get paid for it? It’s possible, according to, which recently released their list of the top checking account offers. This list delves into which banks are offering lucrative rewards, including payouts of $100 or more dollars for opening an account.

To be sure, opening checking accounts with perks like these isn’t without its snags. Some require direct deposit or minimum initial deposit amounts before you will get the cash. And these checking accounts often come with fees like monthly service fees.

But if you’re savvy, you can reap some rewards from these checking account offers. Here are a few of the better offers out there.

PNC Bank: Earn up to $150
If you open one of these accounts with PNC, you could earn $150.  To get this money, you must get direct deposit in the amount of $2,000 or more per month and complete one payment using PNC’s online bill pay within 60 days of opening the account. Note that you will pay a monthly service fee for this account unless you get direct deposit of $2,000 or more each month, maintain a $1,500 average monthly balance, or maintain a $10,000 average monthly balance in a combination of your PNC accounts, loans or investments.

Sovereign Bank: Earn up to $125
With Sovereign’s “Premier Checking Package,” you can earn up to $125.  However, you will have to jump through a series of hoops to get this money.  These include: Making five debit card purchases or having one direct deposit transferred into your account by September 30, 2013 and enrolling in online banking and requesting a Sovereign Debit MasterCard at the time you open the account. Note that Sovereign charges a monthly fee unless you meet direct deposit or monthly minimum amounts, which vary according to which account you opt for.

Chase’s Total Checking: Earn up to $150
New Chase checking customers can earn a $150 cash bonus by setting up direct deposit with their new Chase Total Checking account. However, there are stipulations: You must deposit $100 or more into your account within 10 business days of account opening and have your direct deposit made to the account within 60 days of account opening. But be wary: Total Checking is not without fees. A service fee can be incurred monthly if you do not have monthly direct deposits of $500 or more made to this account or keep the daily balance in the account above $1,500 or keep an average daily balance in your Chase checking, savings and other qualifying accounts at $5,000 or more.

Check out for more information about checking account offers.

*Image provided by Getty Images.



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