Find an updated list of Penn Community Bank promotions, bonuses and offers here.
Update 7/31/24: There is now a $350 checking bonus available through 12/31/24.
About Penn Community Bank Promotions
Penn Community Bank is headquartered in Doylestown, Pennsylvania and was established in 1922. Since then they have grown to 25 locations and boast an A+ health rating.
I’ll review the current Penn Community Bank Promotions below.
Penn Community Bank $350 Checking & Savings Bonus
- What you’ll get: $350 bonus
- Account Type: Checking Account
- Availability: PA (Bank Locator)
- Direct Deposit Requirement: Yes (see what works)
- Credit Inquiry: Unknown
- ChexSystems: Yes
- Credit Card Funding: Up to $500, Mastercard and Discover accepted
- Monthly Fee: $0-$10; waivable
- Early Account Termination Fee: If account is closed within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus received will be debited from final account balance.
- Household Limit: None
(Expires 12/31/2024)
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ($350 or $800 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Huntington Business Checking 100 ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a new checking account and earn a $300 cash bonus for using the new account within the first 60 days to either:
- Receive direct deposits totaling $1,000 or more OR
- Complete 20 or more debit card purchases.
- Earn an additional $50 cash bonus for opening a new savings account at the same time as the checking account and maintaining the savings account minimum daily balance or more for 60 days.
- The up to $350 new account cash bonus offer (“offer”) is available on any Penn Community Bank personal checking account type. New account offer only valid at Penn Community Bank’s new Allentown branch, located at 3090 West Tilghman St., Allentown, PA 18104, or online at www.PennCommunityBank.com. To receive the $300 new checking cash bonus the account must be opened with $25 or more and complete one of the following within the first sixty (60) days of account opening: a) receive qualifying direct deposits totaling $1,000 or more to the checking account OR b) complete 20 or more debit card purchase transactions that post to the checking account. Qualifying direct deposits are defined as recurring electronic deposits of payroll, Social Security, pension, government benefits or other eligible regular monthly income. To earn an additional $50 cash bonus, checking bonus offer requirements must also be met, and you must 1) open a new Statement Savings account at the same time as the qualifying checking account with standard account minimum opening deposit of $25 or more, and 2) maintain in the Statement Savings account for the first 60 days from account opening the minimum daily balance to avoid a monthly service fee and earn interest, which is $100, or more. To receive bonus(es) account must be open, active and in good standing at the time the new account bonus is processed. New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements. If account is closed for any reason within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus(es) received will be debited from final account balance.
- Bonus offer available to new checking customers only. Must not have closed a Penn Community Bank checking account within the preceding twelve (12) months or received a prior new checking account incentive. Limit one bonus offer per household. If multiple accounts are opened with the same signer, only one account will be eligible for the bonus. Standard account eligibility requirements apply, and the program promotional code must be presented at opening.
- All bonuses are subject to IRS 1099 tax reporting. Offer expires December 31, 2024. Information accurate as of July 1, 2024, and subject to change without notice. Offer may be modified or withdrawn at any time. Relationship Checking is an interest-bearing account, with the potential to earn a higher interest rate based on account balance, when tiered rates are offered. Relationship Checking Annual Percentage Yield (APY) as of July 1, 2024 is .03% for all balance tiers. Relationship Checking interest rates are variable and subject to change at any time and without notice. For current rates, visit PennCommunityBank.com/PersonalRates.
Penn Community Bank $300 Business Checking Bonus *Expired*
Earn a $300 Business Checking Bonus
Penn Community Bank is offering a $300 bonus when you open a new checking account and meet certain requirements.
Editor’s Note: Customers can potentially earn a $100 bonus when they open a PennEdge loan or line of credit within the first 90 days after opening an Advantage Business Checking account.
- Account Type: Checking Account
- Credit Inquiry: Unknown
- ChexSystems: Yes
- Opening Deposit: $25
- Credit Card Funding: Up to $500 per account (Mastercard & Discover accepted
- Direct Deposit Requirement: No
- Monthly Fee: None
- Household Limit: 1
- Closing Account Fee: If account is closed within 6 months from date of opening, early termination fee may apply
(Expires October 31, 2021)
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ($350 or $800 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Huntington Business Checking 100 ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | |
How To Earn $300 Checking Bonus
HOW TO EARN BONUSFINE PRINT
- Receive a $300 bonus for maintaining an average daily balance of $2500 or more for days 31-90 after account opening
- The up to $400 new account cash bonus offer is available for opening a new Advantage Business Checking account, as long as customer meets standard account eligibility requirements.
- The program promotional code must be presented at account opening.
- To receive the $300 new Advantage Business Checking cash bonus, the account must be opened within promotional period of June 20 – October 31, 2021 with $25 or more and maintain a daily balance of $2500 or more for days 31-90 after account opening.
- New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements. New account bonus offer available to new business checking customers only.
- Must not have closed a checking account within the preceding twelve (12) months or have received a prior new checking account incentive.
- Limit one bonus offer per business TIN.
- If multiple accounts are opened with the same TIN, only one account will be eligible for the bonus.
- Account must be open, active and in good standing at time of incentive fulfillment to receive bonus(es).
- If account is closed within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus received will be debited from final account balance.
- All bonuses are subject to 1099 reporting.
- Offer subject to change without notice.
Penn Community Bank $100 Referral Bonus *Expired*
Earn a $100 bonus with Penn Community Bank when you refer a friend to open an account.
Penn Community Bank is offering a $100 bonus when you refer a friend or a family member to open a qualifying Checking Account and meet account requirements.
- Account Type:Checking Account
- Credit Inquiry: Unknown
- ChexSystems: Yes
- Opening Deposit: $25
- Credit Card Funding: Up to $500 per account (Mastercard & Discover accepted
- Direct Deposit Requirement: No
- Monthly Fee: None
- Additional Requirements: See below
- Household Limit: None
- Closing Account Fee: If account is closed within 6 months from date of opening, early termination fee may apply
(Expires December 31, 2020)
| BMO Relationship Checking ($500 Bonus + $100 digital gift card) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | Fifth Third Bank Preferred Checking ($325 bonus) |
| HSBC Premier Checking (Up to $2,500 Cash Bonus), | |
How To Earn $100 Checking Bonus
HOW TO EARN BONUSFINE PRINT
- To receive the $100 referral bonus, you must complete one of the following within 60 days of checking account opening:
- Fill out the referral form
- Opens a Penn Community Bank checking account and maintains a Penn Community Bank checking account for a minimum of 60 days.
- If your friend opens a personal checking account, you’ll both earn $50; if your friend opens a business checking account, you’ll both earn $100 – within 45 days after your friend has maintained the account for 60 days.
- The account must have direct deposit set up into the new checking account with at least $100 electronically deposited into the account from an employer or outside agency within 60 days of account opening, or conduct 15 or more debit card transactions of any amount within 60 days of opening.
- Bonus offer applies to all Penn Community Bank personal and business checking accounts that are part of the Refer-A-Friend Program as long as the customers meet all other eligibility requirements.
- To receive the bonus: The account must have direct deposit set up into the new checking account with at least $100 electronically deposited into the account from an employer or outside agency within 60 days of account opening, or conduct 15 or more debit card transactions of any amount within 60 days of opening.
- Bonus will be credited to the account within 45 days after the qualifiers have been satisfied.
- The bonus amount will be reported to the IRS as interest for the year.
How To Avoid Monthly Fees
- Free Checking Plus: No monthly service fee
- Student Checking: No monthly service fee
- Relationship Checking: $0 or $10, waived by either:
- Maintaining average balance of $1,500 or more in the checking account, OR Combined current balance for deposit and/or loan accounts of $15,000 or more, OR
- Monthly direct deposits totaling $2,500 or more, OR
- Primary account owner age 50 or older.
- Access Checking: $0 or $4, waived by:
- Monthly direct deposits totaling $500 or more.
- Basic Business Checking: No monthly service fee
- Community Business Checking: No monthly service fee
- Advantage Business Checking: $0 or $12 (Waived by maintaining $7500 daily checking balance or $15,000 combined daily deposit account balance)
- Enterprise Business Checking: $20, Reduced or waived by monthly earnings credit based on account activity
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Bottom Line
Currently, Penn Community Bank is offering a great promotion qualifying checking accounts. Additionally, if you are looking to join this bank, they are offering this checking promotion for a limited time. Be sure to take advantage of this promotion interests you. However, be sure to see whether or not this has a soft or hard pull.
Additionally, CDs and Savings Accounts are a great way to earn and save money. Furthermore, check out our full list of some of the best Bank Rates and CD Rates nationwide.
Additionally, leave a comment below informing us about your experience with this credit union. Your feedback is highly appreciated and makes our site even better!
Lastly, check back for updated Penn Community Bank promotions, bonuses and offers.
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