Posted by William Charles on August 4, 2018
Bank Account Bonuses

Published on August 4th, 2018 | by William Charles

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[MD & PA] PeoplesBank $150 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: MD & PA only
  • Direct deposit required: Yes, $200+
  • 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: None listed

The Offer

Direct link to offer

  • PeoplesBank is offering a bonus of $150 when you open a new checking account and complete the following requirements:
    • Receive a direct deposit of at least $200

The Fine Print

  • 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. To qualify, 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.
  • 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.
  • Offer may not be combined with any others and may be withdrawn at any time. Other terms and conditions may apply and are subject to change without notice. See a PeoplesBank representative for details.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

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:



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William Charles oops I guess you guys didn’t see my reply to that comment on that other thread? I had tried to open the account with that promo code but it said the promo code is either invalid or inactive.

“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!

Rejected for “out of service area” after a couple days after submitting.

Ugh. How far are you from a branch?

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

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