[MD & PA] PeoplesBank $200 Checking Bonus
update 2/10/19: Bonus has been increased to $200 from $150.
Offer at a glance
- Maximum bonus amount: $200
- Availability: MD & PA only
- Direct deposit required: Yes, $350
- Additional requirements:
- Hard/soft pull: Soft
- ChexSystems: Yes
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $100, 90 days
- Household limit: None listed
- Expiration date:
March 31st, 2019June 30th, 2019
Contents
The Offer
- PeoplesBank is offering a bonus of $200 when you open a new checking account and complete the following requirements within 45 days of account opening:
- Receive a direct deposit of at least $350
- Deposit one check using the mobile deposit check feature
The Fine Print
- Earn a $200 cash bonus when you open a checking account online, and within 45 days of account opening, make a direct deposit of at least $350 and use the mobile deposit function on your personal online banking app to deposit a check. You must open the new online account by 3/31/2019 to qualify
- . One bonus will be credited to an eligible new PeoplesBank checking account for new or existing clients who do not have an existing checking account relationship with the bank.
- The account must be in good standing with a positive balance.
- 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.
- 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.
- Offer does not apply to Second Chance Checking.
- Bonus paid to the client is reportable for tax purposes.
- A premature account closure fee of $100 will be assessed for accounts closed within 90 days of account opening. All checking accounts require a $25 minimum opening deposit.
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
According to the fine print they do charge an early account termination fee this fee is $100 if closed within 90 days.
Our Verdict
Previously they had a similar $150 checking bonus but that require making debit card transactions of $50 or more as well. This will be added to our best checking bonuses as it’s a relatively easy bonus to meet the requirements for and there is no monthly service fee to worry about.
Big thanks to reader, fST who let us know. Learn how to find bonuses and contribute to the site here.
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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- Complete List Of Ways To Close Bank Accounts At Each Bank
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“Promo code is either invalid or inactive”
Got promo code is inactive or invalid message too. Maybe they’re going to release this promo again soon but the system isn’t recognizing it as live yet? IDK seems like a super easy one given recent DD DPs
https://www.peoplesbanknet.com/150-checking-offer/
working/correct link. it does not say anything abt promo.
Oh cool! Thanks! I’ll give this a try soon.
I applied for their checking account at about this time of last year. They pulled Chex however denied my app for the reason of TIME AT CURRENT ADDRESS
despite that I had been living at the address for over 2 years. I suspect they might be Chex sensitive – I open ~10 checking accounts every year.
Not sure where to alert you to a bank bonus you may not know about, so I’ll just reply with it here… https://www.newsadvance.com/classifieds/print_ads/banking_financial/essex-bank/pdfdisplayad_f6dff30c-b99a-5207-9516-52b3cb5f6cca.html
I clicked through and could see it, so took a screen shot of bonus offer for my records. Pretty painless app process, transferred over $25 from Cap One and uploaded DL. It says pending 1-2 days (it’s Sunday now) so we’ll see? Live in Philly.
Rejected “out of service area”. Wish they said something about what service area is on the site before I applied, oh well. Can’t win ’em all!
Just tried and the first thing requested was zip code. I am outside their service area. (presume this means you also can’t open in-person)?
I opened savings in person. Then as a customer applied online for checking.
Rejected for “out of service area” after a couple days after submitting.
Ugh. How far are you from a branch?
montgomery county, southeastern PA
Same, I live in MD
Declined for not residing within their service area.
Out of service area, 724 south of pittsburgh
Declined for being out of service area.
Same as others, declined for being out of their service area. I’m in Maryland, about 40 miles from the nearest branch, and successfully opened an account with them last year for the same $150 bonus.
Drivers License must match address on application or your application will be considered ‘incomplete’
08/22/18: Account Opened
08/27/18: $225 ACH from PNC Posted
09/11/18: Bonus Posted
9/12- Account Opened
9/24- $201 Schwab brokerage posted
10/11- $150 bonus posted