U.S. Bank is offering new customers the chance to win a 2014 Tesla Model S (or a US$100,000 cash prize) in the bank’s Power Up Your Summer Sweepstakes. The rule writes that anyone who opens a new U.S. Bank consumer checking account through September 12, 2014, will be automatically entered in the sweepstakes.

U.S. Bank says that all new checking customers who meet the qualifying criteria will be credited a cash bonus of up to $150, and new credit card customers who meet the qualifying criteria will be credited $50. Offer details are available at any U.S. Bank branch; account and cash bonus related details can be checked on www.usbank.com/powerup.

The all-electric Tesla Model S has a 5-star safety rating, accelerates from zero to 60 miles per hour in 4.2 seconds and doesn’t use any fossil fuels.

“U.S. Bank is committed to sustainability, so we’re excited to team up with Tesla Motors for this sweepstakes,” said Kent Stone, vice chairman of consumer banking sales and support for U.S. Bank. “During this time of year when many people are travelling, we thought it would be a good time to bring together the opportunity for them to benefit from one of our consumer checking account products and enter to win a Tesla Model S, a car that exemplifies a green lifestyle and sustainability.”

The winner’s name will be drawn around October 10, 2014. A minimum deposit of $25 is required to open a U.S. Bank Checking Account. All regular account opening procedures apply. Deposit products offered by U.S. Bank National Association, Member FDIC.

(Photo: Tesla Model S. Credit: Tesla Model S review)