$100 for opening Charter One free checking w/direct deposit

[Guest]

$100 for opening Charter One free checking w/direct deposit

http://www.charterone.com/pf/checking_best.asp

Monthly Maintenance Fee None

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Minimum Opening Balance $50

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Interest Bearing N/A

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Monthly Statement Monthly statement detailing account activity

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Special Features - FREE Checks for Life
- FREE Foreign ATM Transactions
- FREE Money Transfer Service
- $100 Bonus for Direct Deposit

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Unlimited Check Writing Unlimited check writing with no per check charge, plus FREE returned checks with your statement

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MasterMoney Card® FREE Gold MegaRewards Debit Card

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MegaRewards Yes

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Online Banking and Bill Payment Yes - Free of charges

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FDIC Insured Yes

 

[x_OoO_x]

so wait, they give you $100 if you deposit for the very first time or what?

Oh wait.. nevermind I got it...

Direct deposit bonus will be paid in the form of a personalized Charter One Gift Card mailed to the account address within 5-7 days after the first direct deposit over $10.00 is made to the account. The value of the card will be reported as interest earned and is subject to 1099 reporting. Direct deposit must be received prior to February 28, 2004 to be eligible for bonus.

So it's basically a gift card... for WHAT? :?:

 

[Pred]

i believe they are saying that the gift card is interest accumulated for that year in your bank account and that you need to have it taxed?!

 

[DoctorX]

I have a Charter One account

In NY state there are allot of Charter One's, they offer free checking and giveaway things if you sign up for an account.

When I signed up for my personal checking account about a year ago, they gave me a free gift (cooler I think) and a $50 direct deposit into my checking account about a month after opening.

I will have to check the offer out and see if it works for getting a second account.