Comerica Bank invites consumers to take advantage of their best reward checking account coined Sensible Stimulus Package. Interested individuals must have an active personal checking with the bank and sign-up for the promo online through 4 September 2009.

The promo page actually says that the money in the bank deal gives account holders to earn as much as $230 but according to Comerica’s customer service representative, the $120 is what is achievable.

To get the $120 reward, interested individuals must accomplish the following:

In case you will be able to meet the criterion with regard to the purchases using the check card and the online bills payment, the bank will credit $5 payments to your checking account each month so you don’t need to wait until the end of the year.

A bonus of $50 is also up for grabs if you can set up a direct recurring deposit. The CSR clarified that the account must be 6 months active to be qualified for this part of the reward checking account bonuses.

This reward checking account promo is offered to qualified individuals from any state. One must call a bank to initiate the application process. The bank will send the necessary forms via mail. You can call the bank to verify since their market areas are Michigan, California, Texas, Florida, and Arizona.

The bank does not do a hard credit pull when you open a checking account. According to the CSR, they just do a soft pull and a ChexSystem verification. Based on experience, most reps are wrong with this.

It is advisable to maintain an $800 balance for your checking account to waive possible monthly fees. You can also be spared from the charges if you are in college full time, a homeowner, and have a direct deposit with them.

Comerica Bank has several branches in Texas, California, and Michigan. They run a few offices in Florida and Arizona. The bank is covered by the FDIC with certificate # 983.