PeoplesBank Bonus, Get $200 with Now Checking Account
PeoplesBank has brought back its $200 sign up bonus for new checking accounts, and it is a bit different from the previous bonus that we saw earlier this year. The account can be opened either online or in branch, but it’s available only in MD & PA.
To qualify for the $200 bonus:
- Minimum of one direct deposit in the amount of $350 or more must occur in the account within 45 days of account opening and the account must be in good standing with a positive balance.
- Accounts must be opened online by June 30, 2020 to qualify.
All checking accounts require a $25 minimum opening deposit.
Qualifying direct deposits include electronic deposits from payroll, Social Security, or retirement benefits and do not include electronic transfers or credits such as account-to-account transfers or those made with internet payment services.
Bonus will be paid in the form of a statement credit to the account after the 45 day period and may take up to two statement cycles to appear.
Offer does not apply to Second Chance Checking.
Offer is available in MD & PA only for new or existing clients who do not have an existing checking account relationship with the bank.
Limit one bonus per client regardless of the number of accounts opened or titling of accounts.
PeoplesBank has a Free-For-All Checking Account that has no monthly or minimum balance fees. Regarding closing fees, it says that early account closing fees will apply, but there’s no mention of what the fee is.
A premature account closure fee of $100 will be assessed for accounts closed within 90 days of account opening.
A good bonus of $200 that requires only a direct deposit of $350 or more. If you can manage that, and are in one of the eligible states, then you should go for this PeoplesBank bonus.
- Sign up Offer
- Bonus: $200
- Account Type: Free-For-All Checking
- Availability: MD & PA
- Expiration Date:
- Inquiry Type: Soft pull
- Opening Deposit Credit Card Funding: No
- Direct Deposit Requirement: $200 within 45 days for $50 bonus
- Additional Requirements: No
- Monthly Fee: None
- Closing Account Fee: $100 if closed within 90 days