Find an updated list of PeoplesBank promotions, bonuses and offers here.
Currently, they have a $25, $100 and $350 bonus when you open a new checking 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.
I’ll review the PeoplesBank Promotions below.
PeoplesBank $350 Checking Bonus *No Direct Deposit Required*
- What you’ll get: $350 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 October 21, 2022)
| For more advanced features in a checking account, compare this offer to BMO Harris PremierTM Account ($350 Bonus), U.S. Bank SmartlyTM Checking ($600 bonus), TD Bank Beyond Checking ($300 Bonus), HSBC Bank Premier Checking ($500 Bonus), Chase Private Client ($2,000 Bonus), and Citigold® Checking Account (Up to $2000 Cash Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- PeoplesBank is offering a checking bonus of $350 when you open a new PeoplesBank checking account using promo code PROMO350 and complete the following requirements:
- Use your debit card for 30 point of sale transactions within 60 days.
- Deposit $2,000 into the account with mobile, VideoBankerITM and/or direct deposits within 60 days.
- Minimum opening deposit of $10 required.
- The checking account must be opened online or in a banking center between 9/1/22-10/21/22 with the code PROMO350.
- Customer must mention or enter the “PROMO350” promotional code.
- To qualify for the offer you must perform 30 point of sale (POS) debit card transactions and have a minimum of $2,000 in aggregate of mobile deposits, VideoBankerITM deposits and/or direct deposits to the new account within sixty (60) days from the account open date.
- Although not all debit card POS transactions appear in your account immediately or may appear as ‘pending’ due to merchant processing times, these transactions will count toward the total POS debit card transactions.
- Qualifying direct deposits are electronic deposits (such as salary, pension, government benefits or other monthly ACH deposits) made into your new PeoplesBank checking account from third parties.
- If you meet the criteria you will receive $350 in your account within sixty (60) days 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 person. Customers who have received promotional payouts previously are not eligible. Cannot be combined with any other offer.
- Offer available in Hampden/Hampshire/Franklin counties of Massachusetts and Hartford/Tolland counties in Connecticut.
- 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)
| For more advanced features in a checking account, compare this offer to BMO Harris PremierTM Account ($350 Bonus), U.S. Bank SmartlyTM Checking ($600 bonus), TD Bank Beyond Checking ($300 Bonus), HSBC Bank Premier Checking ($500 Bonus), Chase Private Client ($2,000 Bonus), and Citigold® Checking Account (Up to $2000 Cash Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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)
| You can compare this to several great entry level Checking accounts with bonus offers include the BMO Harris Smart Money™ Account ($200 bonus), U.S. Bank SmartlyTM Checking ($400 bonus), Chase Total Checking® ($200 bonus), SoFi Checking and Savings ($275 bonus), and Citi Priority Account (Up to $2000 Cash Bonus). |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- 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
- Primary Savings: No monthly maintenance service
- Growth Savings: $10.00 monthly waived with $2,500 or more in average balance
- Elite Tiered Money Market: No monthly maintenance service
- Student Savings: No monthly maintenance service
- Free Business Checking: No maintenance fee
- BusinessEdge: No maintenance fee
- Business Interest Checking: Not stated
- Commercial Checking: Not stated
- IOLTA: No maintenance fee
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.
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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.