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Offer at a glance
- Maximum bonus amount: $700
- Availability: FL, NJ, NY
- Direct deposit required: Yes, no minimum
- Additional requirements:
- Hard/soft pull: Soft
- ChexSystems: Unknown, sensitive
- Credit card funding: None
- Monthly fees: $3-$12
- Early account termination fee:$25, six months
- Household limit: None
- Expiration date: January 31, 2025
Contents
The Offer
- Popular Community Bank is offering a bonus of up to $700 when you open a new checking account. Bonus is as follows:
- Checking bonus:
- Earn $150 When you open a new Popular Easy Access Checking account, link two direct deposits (such as your paycheck or government benefits), and make 12 everyday purchases (like your morning coffee) in the first 90 days
- Earn $300 When you open a new Popular Everyday Checking account, link two direct deposits (such as your paycheck or pension), and make 12 everyday purchases (like your weekly supermarket run) in the first 90 days.
- Earn $500 When you open a new Popular Prestige Checking account, link two direct deposits (such as your paycheck or government benefits), and make 12 everyday purchases (like your dinner delivery) in the first 90 days
- Earn a $200 bonus when you open a new Popular Savings account, deposit a minimum of $8,000 in new money in the first 30 days, and keep a $8,000 average monthly balance for two statement cycles. Must have or open a Popular Bank consumer checking account to qualify
- Checking bonus:
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- Easy Access Checking. $3 OR $0 if you set up a recurring monthly direct deposit of $250
- Everyday Checking. $10 OR $0 if you maintain $1,000 in average monthly balances5 or set up a recurring monthly direct deposit of $750.
- Prestige Checking. $12 OR $0 if you maintain $2,000 in average monthly balances.
Early Account Termination Fee
There is an early account termination fee of $25 if closed within 6 months.
Our Verdict
$500 checking bonus is very good as it’s not difficult to meet the requirements to keep the account fee free. $200 savings bonus is worth doing as well as you only need to tie up funds for ~two months. Will add these to our best bank bonuses. I’d be surprised if these offers don’t get pulled early so sign up ASAP if interested.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
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- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
View Comments (159)
DP:
Prestige Checking and Savings accounts opened in Ft. Lauderdale branch on 1/29/25. Funded each with ~$30 cash.
Real DD from employer of $2500+ in March and April. Called banker to change account type to Easy Access checking to reduce monthly fee to $3 for remaining 3 months.
Savings: Deposited $8000+ by 2/28/25, held until April statement cycle.
Transferred out majority of funds from both accounts via ACH pull.
On 5/9/25, $500 bonus deposited in Checking, and $200 bonus in Savings.
Will attempt to close this week now that 6 months have passed since account opening. The app sucks so bad 😭
Anyone moving our money out of the saving account after bonus is posted? Wondering how much should I keep in there without incurring fees or provoking a clawback of bonus. $8k is a lot to keep in there for 6 months. Thanks!
@guest_2104826 You can downgrade to Popular Savings after receiving the bonus. That account type only requires $500 to avoid the $4 monthly fee.
DP:
1/22: Checking & Savings Account Opened
2/22 & 3/7: Real Direct Deposit
5/9: $500 & $200 Bonus Posted
DP:
Account opened on 01/28/2025, 8000 deposited on 02/25/2025
Direct deposit on: 03/21/2025 and 04/07/2025
500 Checking bonus posted on 05/09/2025
200 Checking bonus posted on 05/09/2025
DP:
1/2X/25 Opened in South Florida branch
5/9/25 $500 bonus posted for Checking & $200 bonus posted for Savings
IME: Bonuses post at the end of the Checking statement cycle.
Just wanted to chime in here I pulled my Chex report to see if CIT was watching what I was doing and I found out popular has been in my soft inquires 8 times since they closed my account back in February. I recently was denied for key point and the police credit union and popular again in soft inquires. That’s wild I don’t even have an account there they closed it lol
You seemed to bury the lead. What did you discover about CIT?
Tried to downgrade the checking to the Easy Access checking, but got a message asking me to go the branch coz there is discrepancies in my information. Has anyone seen this?
I called today to downgrade and they told me it will go into affect May 9th.
I've opened 4 accounts since opening Popular. No issues with account shutdowns.
Does the 8k in savings count to avoid the fee?
Anyone else got the bonus? I opened the account on 12/19/2024 but nothing yet.
Opened 12/28, received the $700 bonus 4/9. Real DD.
Got the bonus 4/9 as well.
Nice. I guess they payout in batches.
I'm also waiting but i opened much later on 1/30 and used chase biz as DD..crossing my fingers that they suffice.Did you do reall DD?Its amazing to me that no one is really talking about this bonus..verrry little dps.Its a good bonus
Yea, I did real DD.
I've also did real DD, but it was later in January. Two real DDs each month and over 12 debit card transactions. Still no bonus.
I got the $500 Checking bonus yesterday. I ended up not doing the Savings bonus after seeing the reports of account shutdowns. Here is my DP:
12/10 - account opened
1/24 & 2/7 - $2500+ real DDs
2/5-2/10 - 12 $1.0x EZ Pass payments using debit card
3/24 - $500 bonus posted
I will try to downgrade the checking account to Easy Access ($250 monthly DD to avoid $3 fee) and keep it open for another 3 months to avoid the ETF. Although I very well might get shut down before then as I plan to apply for a bunch of accounts that pull Chex that I've been holding off on.
Nice, looks like they paid out about 2 weeks earlier than they needed to. Thanks for the detailed DP. Please let us know if you get shutdown after your new applications. Who knows? Maybe they are not sensitive to it after your account has aged one or two months. @guest_1981381
@guest_1981381 @guest_1981610
According to my DP here, Valley stopped monitoring my Chex sometime between 2 and 3 months from opening. Of course I have no idea if Popular does the same: #2000640.