We’re unsure if this bonus is still being offered, the offer page results in a 404 error but it’s still being linked to from the home page.
Offer at a glance
- Maximum bonus amount: $100 to you and the person who referred you
- Availability: OH, WV or KY onlyÂ
- Direct deposit required: Optional +$25
- Additional requirements: eStatements (+$25), 10 debit card transactions (+$25), two bill payments (+$25)
- Hard/soft pull: Unknown
- Credit card funding: None
- Monthly fees: $6
- Early account termination fee: Unknown
- Expiration date: December 31st, 2014
The Offer
- Receive up to $100 when you open a checking account with Peoples Bank. The person who referred you will also receive the same bonus you do. Here’s how:
- Enroll in eStatements and receive $25
- Make 10 debit card purchases and receive $25 (must be completed within 30 days of account opening)
- Set up a direct deposit and receive $25
- Pay two bills with bill pay and receive $25
- You’ll also earn $0.25 for every debit card purchase above $10
The Fine Print
- You must be referred to this offer, feel free to share your links in the comments
- Not available to those who chose workplace banking
- Bonus will be deposited within 90 days of the activity being completed
- To qualify for the bonus all services need to be activated and/or used by January 31st, 2015
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Maintenance Fee $6
This is not waive-able. I was not able to find the fee schedule online, so I am unsure if there is an early account termination fee or not.
Our Verdict
The monthly maintenance fee is the real deal killer here, you’ll need to keep it open for a minimum of four months (one month to complete the requirements and three months to receive the bonus) which means you’re losing $24 of the $100 on offer. I don’t bother with bank bonuses unless I can get $100 in value, so this deal is only worth it if the person referring you will split some of the referral money they’d make.
Direct link to offer | Screenshot of offer