USAA Bank Free $100 Checking Account Promotion

USAA Federal Savings Bank is offering a free $100 bonus for customers that open their Free Checking account and sign up for direct deposit. This promotion is available until May 31st, 2009. The checking account can be opened by calling 1-800-531-8132 and using the promo code “CEO 100”. The $100 bonus will be credited in December 2009 if your account is still active and receiving direct deposits. If you’re a current USAA checking customer than you don’t qualify for this promotion. The bonus will be reported on your tax form 1099-INT as interest.

The promotion is available nationally, but you must either have a military connection or reside in Bexar County, Texas.

USAA Bank’s Free Checking account has free worldwide ATM usage as well as free checks and they even allow you to deposit checks from your home using a scanner.

USAA Bank is located in San Antonio, Texas. They have a very strong 4 out of 5 star soundness rating from bankrate and are FDIC insured.