Find an updated list of People’s United Bank promotions, bonuses, and offers here.
They have bonuses that range from $100 when you open a new account and meet all the requirements.
About People’s United Bank Promotions
Established in 1842, People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT), a diversified financial services company with approximately $48 billion in assets.
I’ll review the People’s United Bank Promotions below.
People’s United Bank $100 Checking Bonus (Expired)
People’s United Bank is offering a $100 bonus when you open a new qualifying checking account.
- What you’ll: $100 bonus
- Account Type: Checking account
- Availability: CT, MA, ME, NH, NY, VT (Bank Locator)
- Direct Deposit Requirement: No
- Credit Inquiry: Unknown
- ChexSystems: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Termination Fee: None listed
- Household limit: None listed
(No expiration date listed)
BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $2,500 Cash Bonus), |
How to Earn Bonus
- Open a Plus Checking, ePlus Checking, Interest Plus Checking, Advantage Checking, Advantage Plus Checking or Premier Advantage Checking account
- Mention promo code WPB2020
- Receive qualifying direct deposits in the account totaling $1,500 or more within 90 days of account opening.
- This cash reward applies when you open a new People’s United Bank personal checking account held jointly or individually between 1/1/20 and 12/31/20 with a $25 minimum opening deposit.
- To receive this offer, you must mention promo code WPB2020 when you open your new checking account.
- HSA Checking accounts and Student Plus Checking accounts are not eligible.
- This offer is not available to exist People’s United Bank personal checking account customers.
- This offer may not be combined with other offers and may be withdrawn without notice and is subject to change at any time.
People’s United Bank Up to $50/$150 Referral Bonus (Expired)
People’s United Bank is offering a $50/$150 bonus when you open a new qualifying checking account. You can earn up to $500 with referrals!
- What you’ll: $50/$150 bonus
- Account Type:
- Availability: CT, MA, ME, NH, NY, VT
(No expiration date listed)
BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
Truist Checking ($400 bonus) | SoFi Checking and Savings ($325 bonus) |
KeyBank Key Smart Checking ($300 bonus) |
Editor’s Note: Similar to the link above, you can choose to take advantage of this alternate link and earn a $150 referral bonus when you refer a business for a new Business Checking Account. However, your referral would have to meet the requirements associated.
How To Earn Bonus
- Personal Checking:
- Get a $50 Visa® Reward Card when your friend registers, opens a new People’s United Bank personal checking account and completes one of the following within 60 days of account opening:
- Completes one (1) direct deposit of at least $100 or more into the new personal checking account, OR
- Makes at least ten (10) debit card purchases of at least $25 each that post to the new personal checking account
- Your friend can earn a $50 Visa Reward Card.
- Get a $50 Visa® Reward Card when your friend registers, opens a new People’s United Bank personal checking account and completes one of the following within 60 days of account opening:
- Business Checking:
- Get a $50 Visa Reward Card when your friend registers, opens a new People’s United Bank business checking account and completes one of the following within 90 days of account opening:
- Completes at least five (5) deposits of at least $500 or more into the new business checking account, OR
- Makes at least five (5) business debit card transactions or payments (ACH, check, wire) of at least $25 each that post to the new business checking account
- Your friend can earn a $150 Visa Reward Card.
- Get a $50 Visa Reward Card when your friend registers, opens a new People’s United Bank business checking account and completes one of the following within 90 days of account opening:
- The Referred Person may only receive one Visa Reward Card for opening an account and completing the requirements but may also be eligible as a Referrer.
- The Referred Person, and the Referred Person account owner on the new personal checking account, cannot have had a People’s United Bank personal checking account in the past 180 days.
- Direct Deposit transactions are limited to payroll, Social Security, pension, and government benefits. PayPal® and Square, Inc. payments are excluded.
- Health Savings Accounts (HSA) are not eligible for this offer.
People’s United Bank $500 Checking & Savings Bonus (Expired)
You can earn up to $500 bonus when you open a new checking and savings or money market acccount. Apply promo code JAN2022.
- What you’ll: $500 bonus
- Account Type: Checking and Savings/Money Market
- Availability: CT, MA, ME, NH, NY, VT
(Offer expires 02/28/2022)
BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $2,500 Cash Bonus), |
How To Earn Bonus
To qualify for the $400 personal checking offers, you must
- Mention promo code JAN2022 when you open your new Advantage, Advantage Plus or Premier Advantage checking account held individually or jointly between 1/7/2022 and 2/28/2022 with a $25 minimum opening deposit,
- Receive qualifying direct deposits in the account totaling $2,500 or more within 60 days of account opening.
To qualify for the $100 savings reward, you must
- Open a savings or money market account linked to a new Advantage, Advantage Plus or Premier Advantage checking account within 5 business days of opening the checking account with a $25 minimum opening deposit between 1/7/2022 and 2/28/2022;
- Mention promo code JAN2022; AND
- Maintain a Minimum Daily Balance in the account of at least $10,000 for 60 continuous days following account opening. The account must be opened with funds not currently held at People’s United Bank or its subsidiaries. Transfers from existing People’s United Bank accounts do not qualify.
- This offer is available for new accounts opened in a People’s United Bank branch or online. For accounts opened online, you must use the “Open Now” link on the offer page at the time of account opening to be enrolled in this online only offer. If you enter an eligible zip code and use the “Open Now” link, the promo code JAN2022 will display.
- This offer is not valid for multiple accounts and is only available for one savings or money market account per checking account and per household. Interest rates are variable and subject to change. We reserve the right to convert the account to a Statement Savings account without prior notice if the linked checking account is closed.
- The personal checking offer and savings and money market offer is not available to existing People’s United Bank personal checking, savings or money market account customers, respectively, which means any account owner cannot currently have or have had a People’s United personal checking, savings or money market account, as applicable within the last 365 days. Fiduciary accounts are not eligible. This offer may not be combined with other offers. Offer expires 2/28/2022; however, People’s United Bank may change or discontinue this offer at any time before this date without notice.
- Reward will be credited to your personal checking, savings or money market account on May 20, 2022 if your account is open and has a positive balance at the time of reward payout. The account must remain as the original account type opened to receive the reward payment. If the personal checking, savings or money market account is closed within 6 months of opening, we may deduct the bonus amount at the time of account closing. One reward per household. Reward is considered interest and will be reported on IRS Form 1099-INT.
How To Waive Monthly Fees
- Plus Checking: None
- Advantage Plus Checking: $25, waive when you Keep $7,500 or more in combined average balances in your eligible accounts, including checking, savings and CDs
- Premier Advantage Checking: $30, waive when you Keep $75,000 or more in combined average balances in your eligible accounts, including checking, savings and CDs
- Business Advantage Checking: $10 monthly service charge will be waived with an average monthly collected balance of $1,000
- Business Advantage Plus Checking: $35 monthly service charge will be waived with an average collected balance of $25,000
- Premier Business Checking: $25 monthly service charge will be waived with a combined average collected balance of $50,000 or use of a Business Service
Bottom Line
People’s United Bank offers great promotions with easy requirements. With financial tools and services like online and mobile banking, you can manage your money from anywhere! Additionally, it’s great to know the bonuses will trigger a soft pull!
However, be sure to provide your feedback, as they make our site even better!
While they have generous bonuses, the People’s United Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
Compare People’s United Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Bank of America, Wells Fargo, and more!
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