People’s United Bank, Get $150 with New Business Checking (NY)

People’s United Bank has a bonus for new business checking accounts that is available through their referral program. You can earn $150 for opening a business checking account and $50 for referring friends for either personal or business checking accounts. The offers is available in NY only.

Offer

Get a $150 Visa Reward Card when you open a new People’s United Bank business checking account and complete one of the following requirements:

• Register here first
• Complete at least five (5) deposits of at least $500 or more into the new business checking account within 90 days of account opening, OR
• Make 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 within 90 days of account opening

Please allow 4-6 weeks for delivery of your Reward Card after completing all offer requirements.

Eligibility

• Offer is available in NY only.
• Must register here first before opening the account.
• Owner on the new business checking account, cannot have had a People’s United Bank business checking account in the past 180 days.
• People’s United Bank employees and their immediate family members and members of their household are not eligible for a VISA gift card reward for either the referring of new customers or for opening a new account.

Fees

Business Advantage Checking seems to be the best option for this bonus. It comes with a $10 monthly fee that is waived with a $1,000 average monthly collected balance.

I can’t find any early closing fees.

Guru’s Wrap-up

This is an easy bonus for new checking account. To get the $150, you just need to open a new business checking account and complete five deposits of at least $500 OR five business debit card transactions or payments of $25 or more.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Offer Details

• Apply Here
• Bonus: Up to $150
• Account Type: Business Advantage Checking
• Availability: NY
• Inquiry Type: Soft pull
• Opening Deposit Credit Card Funding: Unknown
• Direct Deposit Requirement: No
• Other Requirements: Five $500 deposits, or five debit card transactions or payments of $25 or more
• Monthly Fee: $10 (waived with $1K collected balance)
• Early Closing Fee: Unknown
• Expiration Date: None