PerkStreet Financial Checking Account $50 Bonus Promotion

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Are you using debit card a lot?

If you are, then here’s a new offer that will let you earn rewards every time you use the card to make a purchase. Plus, it will give you $50 bonus if you open an account now.

The new PerkStreet Online Checking Account, backed by The Bancorp Bank, gives the account holders 1% cash back for non-PIN based transactions every time when the PerkStreet Financial™ Visa® debit card is used. The accumulated cash back rewards can then be redeemed gift cards (every dollar perk you redeem gets you $1 on a PerkStreet Financial Visa Gift Card or a gift card from Target, Best Buy, Amazon.com, GAP or Ticketmaster), free music (every $100 in non-PIN purchases earns you a song and every song you redeem gets you $1 in credit at iTunes, Rhapsody or Amazon.com Gift Cards for MP3s or millions of other items at Amazon.com) or coffee (every $200 in non-PIN purchase earns you a cup of coffee and every cup you redeem gets you $2 in credit on a reloadable gift card from Starbucks, Dunkin Donuts, Peet’s Coffee and Tea and Bruegger’s Bagels).

Right now PerkStreet Financial is offering a $50 bonus if you open a checking account before December 31, 2009 with only $25 initial deposit. The account itself doesn’t charge a monthly fee as long as you use the account at least once a month (so the account is not inactive). To stay active, you can use the debit card to make a purchase. Or you do any of the following: Write a check, use online bill pay, withdraw money from or make a deposit to the account. If you use PerkStreet Checking Account as you primary checking account, then the above requirements can be easily met and the $4.50 monthly account maintenance fee can be avoided.

In addition to the 1% cash back, PerkStreet Checking Account also offers other benefits such as free online bill pay and first set of checks for free. Cash withdrawals from the participating STARsf network ATMs is free of charge; otherwise, a $2 fee will be assessed if withdrawing cash from out-0f-network ATMs.

Finally, some information about the bank behind this new checking account, The Bancorp Bank. The Bancorp Inc. is a publicly traded company (symbol TBBK) that is headquartered in Wilmington, Delaware. The bank has offices in Philadelphia, Exton, and Warminster, Pennsylvania; Crofton, Maryland; Orlando, Florida; and Sioux Falls, South Dakota. According to the FDIC record, The Bankcorp Bank is established on July 28, 2000 and has been a member of FDIC since July 28, 2000 (FDIC Cert: 35444).

To receive the bonus, in addition to the $25 deposit, you will also keep the account active for three straight months. The bonus will be deposited into your account within 15 business days of the end of the third month.

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  • Chitika

One Comment

  1. Andrew @ Financial Services
    Posted November 24, 2009 at 1:03 pm | Permalink

    With $25 fast cash that sounds like a good deal!