Banco Popular promises to give you $125 if you open any personal checking account. We have yet to figure out which one of these are the best reward checking account of the lot, but the important thing is, you will be getting bonus money if you just fulfill any of these conditions:

• $50 for making a direct deposit to your new account
• $25 when you swap you unused checks or old debit cards from another bank
• $50 if you use the bank’s online database to pay your bills

Obviously, the reward system is set to bring in new, loyal customers. According to the promo page, the bank is also going to give you a free gift, just for opening a personal checking account with them. They’re going to give you an Easy Living Folding Chair, which is a pretty strange gift coming from a bank, but a lovely item your home can always use. When we looked at the fine print, we also discovered that customers need to buy their checks.

Now, most checking accounts would issue an unlimited number of free checks to their customers, so we’re wondering if we can swap the free chair for a free order of checks, instead. Unfortunately, this promo doesn’t give you that option—which might make you rethink its status as the best checking account in the market.

Then again, when you look at Banco Popular’s Totally Free Checking Account, it says there that you’re not obliged to maintain any minimum balance. That’s pretty attractive, considering how most checking accounts ask for at least $250 to open the account.

A branch visit is necessary to open the account. Make sure that you bring sufficient ID with you (a photo ID and a social security ID should do it). Their branches are located in Florida, California, Illinois, New York, and New Jersey.

Banco Popular is insured by the FDIC under Certificate #34967.