Posted by William Charles on March 23, 2019
Bank Account Bonuses

Published on March 23rd, 2019 | by William Charles

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[Expired] People’s United Bank $100 Checking Bonus – Inside Stop & Shop’s [NY, CT only]

Deal has expired, view more bank bonuses by clicking here.

Update 3/23/19: Deal is back and valid until March 29th. Direct deposit is required this time. Hat tip to reader Brenden F

Offer at a glance

The Offer

There is no direct link to this offer

  • Open a personal checking account with People’s United Bank & receive a $100 bonus, this is only available at their Stop & Shop in store locations. Mention promo code WINTERSS:
    • Receive direct deposits of at least $500 per month into the new checking account for 90 continuous days

 

The Fine Print

  • Cannot have had a People’s United personal checking account in the last 90 days
  • Direct deposit requirements are limited to payroll, social security, pension and government benefits. Paypal transactions are specifically excluded.
  • Reward should post within three months after the expiry of the offer (e.g sometime in late August)
  • Cannot be combined with any other offer
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There is a $12 monthly fee. This is waived with an average minimum daily balance of at least $1,000.

I wasn’t able to find any mention of any early account termination fees mentioned in their fee schedule, but probably good idea to double check this or keep the account open for at least six months (remember there are no fees) to ensure you’re not hit with an early account termination fee.

Our Verdict

Not a bad deal if you live in the area as it’s a soft pull, although direct deposit is now required. It used to be better when you could just use the debit card ten times.  I’m adding this to our list of the best checking sign up bonuses.

 



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Steve
Steve

The screenshot in the Slickdeals post says that’s it’s only available at their Rhinebeck, NY location.

Shane
Shane

I tried this deal in November and successfully opened the account, however they closed it within 2 weeks after they saw I had opened several checking accounts in the previous few months. So it seems they’re a bit sensitive to that sort of thing, for what it’s worth. The requirement of having no account with them within 90 days caught my eye as liberal compared to many who make it 6 months or a year, but I won’t attempt this at the moment as I’ve done M&T and Capital One nyc branch bonuses within the last 2 months. Will try this one again if for some reason I can manage to go 3 or 4 months without opening any new accounts.

Eric
Eric

Did they actually tell you that was the reason or are you assuming that? I wonder if other banks will start doing this.

Steve
Steve

I did this last year. Took ages for the bonus to post, but I did get it. No monthly fees, and I’m pretty sure they reimburse ATM fees.

L
L

If the promo was worded with Stop & Shop’s in NH, I don’t believe there are any of those anymore… they all closed last I checked. I might stop at one in MA and see if it’s valid there.

Ian
Ian

Stop & Shops in MA and RI have Citizens Bank. S&S in CT and NY usually have People’s United Bank branches.

Ericmedschoolgnd
Ericmedschoolgnd

Funding options?

trackback

[…] special thank you goes out to qwe1234 for originally posting about this offer on Slickdeals and to Doctor Of Credit for alerting me to its […]

Eddy
Eddy

Closing account today. Opened in Nov 2016. Did transactions and received $100 Feb 2017.

Paul
Paul

How would you go about confirming if it is a soft or hard pull on your credit? Would you call the bank and ask or go into it in person and say you want to open it if it is a soft pull?

Thanks and thanks for making these posts they are awesome!

Eddy
Eddy

Was a soft for me. I think banks generally only do hard pulls when you opt for overdraft protection. YMMV

chex
chex

A long time ago I opened an account with them, they just pulled Chex.

Roger
Roger

Just visited branch in Stop & Shop in Putnam, CT, and they know nothing about this deal.

Quoting Danny the Deal Guru: “They have branches in Connecticut, Vermont, New Hampshire, Massachusetts, Maine and New York, but the flyer I picked up at my local Stop & Shop says that the offer is available in Long Island and New York City only. Let me know if you see it other states as well, as that’s usually been the case in the past.”

Ian
Ian

fyi, NH & VT need removal cuz there’s no S&S. Based on S&S website, Stop & Shop Supermarket Company LLC employs approximately 60,000 associates and operates 400 stores throughout MA, CT, RI, NY, and NJ., (S&S announced closing 6 NH stores in Aug.6,2013!)

Connie
Connie

Went to branch in westchester county NY today, banker never heard of offer, called up another branch, same deal. It seems to be there is a $200 offer going around though, didn’t tell me specifics.

Bruno
Bruno

The Banker at the Long Island City office said this ended on August 25th.

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Rewards Question
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