If you're going to do this, make sure to notice the fine print:
The Complete Checking minimum balance requirement of $5,000 and the Value Checking minimum balance requirement of $2,000 are waived for the first six statement cycles. Afterwards, a monthly service fee of $15 for Complete Checking and $10 for Value Checking will be charged for accounts that do not meet these minimum balance requirements.
Exceed the minimum or close the account. Also, the bonus is credited as Interest Income, so it may be taxable on your IRS forms depending on your situation.