Take advantage of Peoples Bank promotions, bonuses, and offers here!

Update 10/7/25: There’s currently a $400 checking bonus available for a limited time.

Table of Contents

Peoples Bank $400 Checking Bonus

Earn a $400 bonus when you open a new checking account and meet the qualifying requirements.

What you’ll get: $400 bonus
Account Type: Checking
Availability: IL, IN (Locator)
Direct Deposit Requirement: Yes (see what works)
Credit Inquiry: Hard Pull or Soft Pull? Let us know.
ChexSystem: Unknown
Credit Card Funding: Unknown
Monthly Fees: None with You First Checking or eChecking
Early Account Termination Fee: Not listed
Household limit: None listed

$400 Bonus at Peoples Bank

(Limited time offer)

You can compare this to several great entry level checking account offers:
BMO Smart Money Checking ($400 cash bonus*)	BMO Smart Advantage Checking ($400 cash bonus*)
KeyBank Key Smart Checking ($300 bonus)	SoFi Checking and Savings ($325 bonus)
Bank of America ($500 bonus offer)

How To Earn Bonus

HOW TO EARN BONUSFINE PRINT

Open a new Peoples Bank checking account online and complete the following steps:
Enroll in eStatements
Set up direct deposit(s) totaling $1,000 or more within 90 days
Receive direct deposit(s) totaling $1,000 or more within 90 days of account opening
The $400 promotional incentive will be deposited into the new checking account during the next statement cycle after the 90 day period is up.

The $400 cash incentive promotional offer is available to new checking account customers who open an eligible Peoples Bank checking account online and is limited to one account per customer.
To qualify, new checking customers must open the account online and meet standard account approval requirements, enroll in eStatements, set up direct deposit, and receive direct deposit(s) totaling $1,000 or more within 90 days.
Qualifying direct deposits are defined as electronic deposits of the account holder’s paycheck, pension, government benefits (such as Social Security), or other regular monthly income made through the Automated Clearing House (ACH) network.
Transfers from one account to another or deposits made through ATM, mobile deposit, or branch transactions do not qualify as direct deposits.
This limited-time promotional offer is non-transferable and may not be combined with any other offer.
Peoples Bank reserves the right to modify or withdraw this promotion at any time without notice.
The $400 promotional incentive will be deposited into the new checking account during the next statement cycle after the 90 day period is up.
The account must remain open, active, and in good standing at the time the bonus is paid.
In accordance with applicable regulations, bonus payouts may be 1099 reportable.
$50 minimum balance required to open You First Checking and eChecking.
$100 minimum balance required to open Senior Plus Checking.
Tiered Annual Percentage Yield (APY) for You First Checking with interest option is as follows: $0 – $2,499 has an APY of 0.01%, $2,500 or more has an APY of 0.03%.
Senior Plus Checking interest is earned on balances of $100 or more with an APY of 0.05%.
Rates are effective as of 9/11/25.
Rates are subject to change at any time, fees may reduce earnings.

Bottom Line

Although you can earn a generous bonus from Peoples Bank, check out our list of bank promotions for more offers. With fantastic offers such as Money Market and CD rates, you are able to get the most out of your banking experience!

Compare Peoples Bank Promotions with other bank bonuses from banks like U.S. Bank, Citi, Huntington, HSBC, Chase, TD Bank, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO, SoFi, and more!