People’s United Bank is offering again a $100 bonus for opening a personal checking account. The offer is not available online. You must visit their locations within Stop & Shop stores before 11/25/16 in order to apply. There’s no coupon or promo code necessary, but you should see the flyers by the in-store branch if they’re available in your area.
Open a new checking account with a minimum of $25, which has no monthly fees, complete the requirement (see below) and the $100 will be deposited by 2/28/17. HSA checking accounts are not eligible.
To receive the bonus you must complete only one of the following requirements:
- Receive at least one direct deposit of at least $100 into the new checking account within 60 days of account opening (PayPal and Square payments are specifically excluded in the terms)
- Obtain a debit card that is linked to your new account and then use the debit card to make at least 10 purchases of $25+ each within 60 days of account opening
It is a bit of a hassle to have to go in branch, but you can receive $100 with some easy requirements. Considering that there’s no monthly fees and no minimum balance, makes this an easy bonus if you have a branch nearby (check here). They have branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and New York, but the flyer I picked up at my local Stop & Shop says that the offer is available in New York and Connecticut only. Let me know if you see it other states as well.
You’re not eligible if you had this checking account in the past 180 days. There’s a limit of one reward per household.
They also have a referral program where you can earn up to $500 by referring 10 friends.
But with the referral offer, your friends and family can only earn a $50 sign up bonus by completing the same requirements. So it would be the same thing as signing up through this offer. If you prefer to use the referral program, you cad do it here.
- Where to Apply: At Stop & Shop in store locations
- Account Type: Everyday Checking
- Availability: New York, Connecticut (possibly in other states, see above)
- Expiration Date: 11/25/2016
- Hard Inquiry: Soft pull
- Opening Deposit Credit Card Funding: No
- Direct Deposit Requirement: $100 (optional)
- Other Requirements: 10 purchases of $25+ each within 60 days Instead of DD
- Monthly Fee: None
- Closing Account Fee: None (always best to check with the bank before closing account)