Checking Account Comparison Chart
 
Interest rate No No
Minimum balance requirement $15,000 combined balance from deposits, loans, and investments* No No No
Monthly fee None, if balance requirement is met (otherwise, $30) None, with direct deposit (otherwise, $10) None None
Free Checks** Yes Yes No Yes
Free Sovereign Debit Card Yes, Platinum Yes, Gold Yes Yes
Online Banking with BillPay Free Free Free Free
Fee to use other banks' ATMs in the U.S*** No No $2.50 No
Eligible for Premier Money Market Savings Account Yes No No No
Interest rate bonus on eligible CDs Yes No No No
Interest rate discount for loans and lines of credit† Yes
.50%		 Yes
.25%		 Yes
.25%		 Yes
.25%
Additional Benefits Sovereign
Premier
Checking		 Sovereign
Interest
Checking		 Sovereign
Free
Checking		 Sovereign
Free Student
Checking
 
  • No fee for stop payments, money orders, bank checks and regular travelers cheques
  • No fees for overdraft transfers, and no annual fee for overdraft line of credit
  • 50% discount on annual rental of safe deposit box
  • $100 discount on mortgage application fee
  • No Annual Inactivity Fee or Annual IRA Fee on Brokerage Accounts ††
  • Free Comprehensive Financial Plan
  • Free College Savings Plan
  • Exclusive Sovereign Bank Credit Card with WorldPoints® Rewards and no annual fee available †††
  • Exclusive Sovereign Bank Credit Card with WorldPoints® Rewards and no annual fee available †††
  • Exclusive Sovereign Bank Credit Card with WorldPoints® Rewards and no annual fee available †††
  • Sovereign Student Credit Card with no annual fee available †††
 
* Mortgages, student loans, credit card balances, indirect auto loans obtained through automobile dealers, unsecured personal loans and lines of credit issued by FIA Card Services, N.A., and the unused portion of any Sovereign credit line are not counted as part of the combined balance.

** Sovereign Premier Checking — Free Graystone-style checks or $15 credit toward alternate designs.
Sovereign Interest Checking — Free Graystone–style checks.
Sovereign Free Checking — Customers purchase their checks.
Sovereign Free Student Checking — Free first order of Graystone–style checks, limited to 1 box of 120 checks. After first order, students purchase their own checks.

*** ATM owner may charge a separate fee.

† With automatic payment from a Sovereign account. Not available on mortgages, and auto loans obtained through an auto dealer.

† † Securities are offered through LPL Financial Corporation, member FINRA/SIPC. Insurance is offered through LPL Financial or its affiliates. LPL Financial is not affiliated with Sovereign Bank. NOT FDIC INSURED. MAY LOOSE VALUE. NO BANK GUARANTEE, NOT A DEPOSIT. NOT INSURED BY ANY FEDERAL GOVERNMENT ENTITY.

† † † Subject to credit approval. Credit cards issued and administered by FIA Card Services N.A.