Open a checking account with $100 and receive a $100 bonus.

Bank of The West is offering a checking account deal of $100 for opening a checking account with them and completing a certain number of account transactions.  This checking account $100 promotional bonus is good until December 11, 2009.

To receive the $100 promotional bonus you have to open a new personal checking account, and either establish one monthly recurring direct deposit of at least $250 to your new checking account or pay 10 bills online.  You have 60 days from account opening to meet either requirement. The $100 opening deposit must be “new money”, money not currently held at the bank.

In a way this is like a rewards checking account that pays a higher checking account yield but you only have to complete either requirement once to receive the checking reward. Here is an example of a reward checking account. The $100 reward checking account bonus will deposit into your account within 60 days of meeting the reward requirements.

Bank of the west is also offering a very good Internet savings account that currently has an APY of 1.50%.

Bank of The West $100 Checking Account Offer