Wachovia Bank is once again offering a $50 bonus for opening its free checking account. Here’s the promotion page link.

Here are some of the important details:

To qualify for the $50.00 bonus, you must be a new customer and open your new Checking account by 1/31/2008 with a minimum of $100.00 in new funds to Wachovia. Your bonus will be directly deposited into your new Checking account within 120 days of account opening. Limit one bonus offer per household. If you need to contact us regarding this offer, please reference pricing code ATM2. The value of this bonus will be reported to the IRS.

Wachovia’s free checking account has the basic components of free checking: no minimum balance requirements, no monthly fees, etc. A reader in the previous post mentioned that Wachovia does a hard credit pull (via Experian). Checks are not free, but they are optional. Prices vary by state. A reader just mentioned that Wachovia offered 50 duplicate checks for $8. There is a $25 fee if the account is closed before 6 months. In addition to the hard pull, Wachovia also does a ChexSystem verification.

Related posts:

1. Washington Mutual Checking & Savings Account