Find an updated list of PeoplesBank promotions, bonuses and offers here.
Currently, they have a $100 and $250 bonus when you open a new account and meet all the requirements.
Table of Contents
About PeoplesBank Promotions
PeoplesBank is a leading financial institution on innovation, corporate responsibility, environmental sustainability, and employee engagement. Additionally, you will be able to take advantage of a wide range of features and services to better your financial solutions. However, if you would like to expand your banking experience, you can see all nationwide bank bonuses for more suitable offers.
- Availability: MA, CT (Bank Locator)
- Routing Number: 211871772
- Customer Service: 413-538-9500
However, PeoplesBank 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 PeoplesBank Promotions with other bank bonuses from banks like Huntington, HSBC, Chase, TD, Bank of America, Citibank, and more!*
I’ll review the PeoplesBank Promotions below.
PeoplesBank $100 Checking Bonus
Earn a $100 bonus when you open a new checking account!
PeoplesBank is offering a $100 bonus when employees open a new checking account.
- Account Type: Free, Choice, or Interest Checking Account
- Availability: MA, CT
- Direct Deposit Requirement: Yes
- Hard/Soft Pull: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fee: Varies by account
- Early account termination fee: Bonus forfeit if closed within 6 months
- Household limit: 1
(No expiration date listed)
| If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: HSBC Premier Checking ($450 Bonus), Huntington 25 Checking ($300 Bonus), PNC Bank Virtual Wallet (Up To $400 Bonus), BMO Harris Premier ($500 bonus), as well as the TD Bank Beyond Checking ($300 Bonus). |
How To Earn $100 Checking Bonus
- Sign up for direct deposit at the same time as opening their new PeoplesBank personal checking account
- The first direct deposit must be made within 60 days from the new checking account open date.
- Free Mastercard Debit Card with My Cash Back Rewards
- Person-to-person payments with Popmoney
- Convenient access to over 33,000 completely free ATMs
- Lock & Unlock your debit card with Debit Card eAlerts.
- Free online, mobile and telephone banking
- eStatements and Free Online Bill Pay
- Coin Counting Machine for Free
- Better Than Free Checking: Waive the $6 fee by having a direct deposit, making 10 debit card transactions post to the account, maintaining a $750 average balance, OR having a $2,500 in relationship balances.
- Perks Checking: You can waive the $12 fee by having a minimum daily balance of $2,000, having $5,000 in total deposits, or if the primary account holder is 60 or older with direct deposit (e-Statement not required).
- Platinum Checking: The $20 fee can be waived by maintaining a minimum balance of $35,000 using deposits.
- Allow up to six weeks after the first direct deposit is received to have the $100 deposited into the checking account.
- The PeoplesBank-at-Work offer is good for only one $100 offer per household opened at any PeoplesBank office.
- Offer subject to change without notice.
- Available as of 4/15/17.
PeoplesBank $25 Referral Bonus
PeoplesBank $25 Referral Bonus
Right now, PeoplesBank Customers can earn $25 when referring a friend or family member.
- Account Type: Checking Account
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown, Let us know
- Opening Deposit: $10
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: Yes
- Monthly Fee: Varies. See Below
- Household Limit: None listed
- Closing Account Fee: None Listed
(No expiration date listed)
| You can compare this to several great entry level Checking accounts with bonus offers include the Wells Fargo Everyday Checking ($200 bonus), Chase Total Checking® ($225 bonus), Discover Cash Back Debit (up to $360 Bonus), TD Bank Convenience CheckingSM ($150 bonus), PNC Bank Virtual Wallet ($400 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus). |
How To Earn $25 Referral Bonus
- PeoplesBank is offering a referral bonus when you invite your friends or family:
- $25 for each checking account opened and them with $25 when they open a PeoplesBank checking account with direct deposit.
- Mobile and Online Banking
- Access to ATMs
- VISA Debit Card
- Mobile Banking App
- Zelle
- Added Convenience
- Free Checking: None
- Choice Checking: $10 maintenance service charge imposed if deposits of $2,000 or more are not made within each statement cycle.
- Interest Checking: $20 maintenance service charge imposed if $5,000 in average daily balances is not maintained for each statement cycle.
- The PeoplesBank Referral Program is available to new and existing PeoplesBank customers.
- The referral must result in a new personal checking account.
- The referral form must be presented at the time the account is opened.
- The $25 will be deposited into the referrer’s account at the time of the referral’s checking account opening.
- The referral will receive $25 within 6 weeks of their first direct deposit (direct deposit must be made within 60 days of account opening).
- This program cannot be combined with any other PeoplesBank offer.
- Offer subject to change without notice.
(Expired) PeoplesBank $250 Checking Bonus
Earn a $250 bonus when you open a new checking account!
PeoplesBank is offering a $250 bonus when you open a new checking account.
- Account Type: Free Checking Account
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown, Let us know
- Opening Deposit: $10
- Credit Card Funding: Unknown, Let us know
- Direct Deposit Requirement: Yes
- Monthly Fee: There are no monthly fees
- Household Limit: One
- Closing Account Fee: $100
(Expires September 30, 2020)
| If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: HSBC Premier Checking ($450 Bonus), Huntington 25 Checking ($300 Bonus), PNC Bank Virtual Wallet (Up To $400 Bonus), BMO Harris Premier ($500 bonus), as well as the TD Bank Beyond Checking ($300 Bonus). |
How To Earn $250 Checking Bonus
- PeoplesBank is offering a checking bonus of $400 when you open a new PeoplesBank checking account using promo code Get250 and complete the following requirements:
- Use your debit card for 30 point of sale transactions within 60 days
- Deposit $2,000 into your account with mobile deposit and/or direct deposit within 60 days
- Mobile and Online Banking
- Access to ATMs
- VISA Debit Card
- Mobile Banking App
- Zelle
- Added Convenience
- Better Than Free Checking: Waive the $6 fee by having a direct deposit, making 10 debit card transactions post to the account, maintaining a $750 average balance, OR having a $2,500 in relationship balances.
- If you meet the criteria you will receive $250 in your account within four (4) weeks from meeting the criteria.
- Customers who have had an open PeoplesBank checking account within 12 months of new account opening are not eligible for the offer.
- PeoplesBank associates are not eligible.
- Personal accounts only.
- Limit of one promotional account per household.
- Cannot be combined with any other offer.
- Offer available only to residents of Hampden/Hampshire/Franklin counties in Massachusetts and Hartford county in Connecticut. Offer subject to change without notice.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Bottom Line
Lastly, I would like to reiterate that the current PeoplesBank Promotions are soft pull! However, don’t forgot that the bonus will be reported on IRS Form 1099-INT. Take advantage of this offer before it expires.
Additionally, be sure to provide your feedback, as they make our site even better!
*Check back at this page for updated PeoplesBank promotions, bonuses and offers.
I believe this account is a soft pull as it did not report to Transunion, Equifax, or Experian.
Thank you, Ali! The post has been updated.
I think it’s $10 minimum opening deposit, not $50. The $50 is the minimum direct deposit. At least that’s how I interpret the attached promotion PDF printout.
Thanks for catching that – our review has been updated to reflect the correct details.