Find an updated list of PeoplesBank promotions, bonuses and offers here.
Update 9/21/24: This $300 checking bonus is back!
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.
I’ll review the PeoplesBank Promotions below.
PeoplesBank $300 Checking Bonus
- What you’ll get: $300 bonus
- Account Type: Free, Choice, or Interest Checking Account
- Availability: MA, CT (Bank Locator). Offer available in Hampden/Hampshire/Franklin counties of Massachusetts and Hartford/Tolland counties in Connecticut.
- Direct Deposit Requirement: Yes, no minimum specified
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: $500 per application
- Monthly Fees: None
- Early Account Termination Fee: 90 days, $15
- Household Limit: One
(Expires 10/25/2024)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn Bonus
- Open online or in any PeoplesBank Banking Center by October 25, 2024. Use promo code FallCK300.
- Deposit a minimum of $1,500 in direct deposits within 60 days.
- Once you meet the criteria, you will receive $300 in your account within 60 days.
- Minimum opening deposit of $10 required.
- The checking account must be opened online or in a banking center between 9/2/24–10/25/24.
- To qualify, the customer must mention or enter the promotional code Simple300 and have a minimum of $1,500 in direct deposits within 60 days of the account open date.
- Customers who have had an open PeoplesBank checking account within 12 months of new account opening are not eligible for the offer.
- Personal accounts only.
- Limit of one promotional account per customer.
- Customers who have received promotional payouts previously are not eligible.
- Cannot be combined with any other offer.
- Offer available in Hampden/Hampshire/Franklin counties in Massachusetts and Hartford/Tolland counties in Connecticut. PeoplesBank associates are not eligible.
- Offer subject to change without notice.
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.
- What you’ll get: $100 bonus
- Account Type: Free, Choice, or Interest Checking Account
- Availability: MA, CT (Bank Locator)
- Direct Deposit Requirement: Yes, no minimum specified
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: $500 per application
- Monthly Fees: None
- Early Account Termination Fee: 90 days, $15
- Household Limit: One
(No expiration date listed)
| BMO Smart Money Checking ($400 cash bonus*) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
How To Earn 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.
- 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.
- What you’ll get: $25 bonus
- Account Type: Checking Account
- Availability: MA, CT
(No expiration date listed)
| BMO Smart Money Checking ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
How To Earn 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.
- 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.
How to Waive Monthly Fees
- Free Checking: No monthly maintenance service
- Choice Checking: $10.00 monthly waived with $2,000 or more are not made within each statement cycle
- Interest Checking: $20.00 monthly fees waived with $5,000 in average daily balances
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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.
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, Citi, and more!*
*Check back at this page for updated PeoplesBank promotions, bonuses and offers.
Thank you, Ali! The post has been updated.
I believe this account is a soft pull as it did not report to Transunion, Equifax, or Experian.
Thanks for catching that – our review has been updated to reflect the correct details.
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.