PeoplesBank, $150 Checking Account Bonus (MD, PA)

PeoplesBank has brought back its $150 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.

Offer Requirements

To qualify for the $150 bonus:

Use promo code PB150
Must have a minimum of one direct deposit in the amount of $200 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.

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. Bonus paid to the client is reportable for tax purposes.

Offer does not apply to Second Chance Checking.

Eligibility

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. Offer does not apply to employees of PeoplesBank and their immediate family members.

Fees

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.

Guru’s Wrap-Up

This bonus is better than the previous one that came in two parts and required one debit transaction as well for half the bonus. It is limited to only two states, but if you;re eligible should be easy to fulfill the requirements and the account has no monthly fees.

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.