Update 5/30/26: New offer $350. Valid until 30.06.2026. Hat tip to the reader d_looking
Offer at a glance
- Maximum bonus amount: 350 dollars
- Availability:Offer available in Hampden/Hampshire/Franklin counties in Massachusetts and former Hartford/Tolland/Litchfield/Middlesex counties in Connecticut
- Direct deposit required: Yes, $1,500+
- Additional requirements: See below
- Hard/soft pull: Gentle pull
- ChexSystems: Unknown
- Credit card financing: 500 dollars for application
- Monthly fees: ANY
- Early account closure fee: 90 days, $15
- Family boundary: A
- Expiration date:
September 30, 202021.10.20226/30/26
Offers
- PeoplesBank is offering a $350 checking bonus when you open a new PeoplesBank checking account using promo code Spring26350 and meet the following requirements:
- Have a minimum of $1,500 in direct deposits within 60 days of account opening date
Fine Press
- Customers who have previously received promotional payments are not eligible. Cannot be combined with any other offer. Offer available in Hampden/Hampshire/Franklin counties in Massachusetts and Hartford/Tolland counties in Connecticut.
- A minimum opening deposit of $10 is required. Free Checking account must be opened online at bankatpeoples.com/checking250 with promo code Get250 by 9/30/2020.
- To qualify for the offer, you must complete 30 point-of-sale (POS) debit card transactions and have a total of $2,000 in total mobile deposits and/or direct deposits into the new account within 60 days of the account opening date.
- Although not all POS debit card transactions appear in your account immediately or may appear as ‘pending’ due to merchant processing times, these transactions will count towards your total POS debit card transactions.
- Qualifying direct deposits are electronic deposits (such as salary, pension, Government Benefits, or other monthly ACH deposits) made to your PeoplesBank account without charge by third parties.
- If you meet the criteria, you will receive $250 in your account within four (4) weeks of meeting the criteria.
- Customers who have opened a PeoplesBank current account within 12 months of opening the new account are not eligible for the offer.
- PeoplesBank associates are not eligible.
- Personal accounts only.
- Limit of one promotional account per household.
- Cannot be combined with any other offer.
- Offer available only to residents of Hampden/Hampshire/Franklin counties in Massachusetts and Hartford County in Connecticut. Offer subject to change without notice.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
Monthly fees
The free checking account has no monthly fees to worry about
Early account termination fee
According to reviews of previous bonuses there is an early account termination fee of $15 if the account is closed within 90 days.
Our verdict
The previous bonus was $400. It might be better to wait for the offer to come back, but before that bonus the best bonus was $300 with a direct deposit. We will add this to ours best bank bonus site although we have seen that larger bonus in the past.
Useful posts about bank bonuses:
