PeoplesBank (bankatpeoples.com) $300 Checking Bonus [CT, MA Residents] – Ends 10/25/24

PeoplesBank (bankatpeoples.com) promotions and offers can be found updated here. There are several other banks with the same name (e.g. PeoplesBank, Peoples United Bank). This bank is at the url bankatpeoples.com. Typical offers range from $100 to $400.

PeoplesBank was established in 1885 and is headquartered in Holyoke, Massachusetts. They have 24 locations throughout Connecticut and Massachusetts.

• Update 9/22/24: The offer is back through 10/25/24. This offer from BMO Bank is better, honestly.
• Update 3/30/24: The offer is back but instead of $350, it is now $300. And it requires a direct deposit.

I’ll review the current offers below.

PeoplesBank $300 Checking Offer

• What you’ll get: $300 bonus
• Where it’s available: Hampden, Hampshire, or Franklin counties in Massachusetts and Hartford county in Connecticut.
• How to earn it:
  • Open a new Choice Checking account online with promo code “Get350” or at a branch. Minimum opening deposit of $10 required.
  • Perform 30 point of sale (POS) debit card transactions
  • Minimum of $2,000 in aggregate of mobile deposits and/or direct deposits to the new account within 60 days from account opening.
• When it expires: 10/25/2024

Waive The Monthly Fee

• The Choice Checking account has no monthly maintenance service charge with total deposits of $2,000 or more during each statement cycle.

Fine Print

• Qualifying direct deposits are electronic deposits (such as salary, pension, Government Benefits or other monthly ACH deposits) made into your PeoplesBank Free checking account from third parties.
• If you meet the criteria you will receive $350 in your account within four (4) weeks from meeting the criteria.
• Customers who have had an open PeoplesBank checking account within 12 months of new account opening are not eligible for the offer.
• PeoplesBank associates are not eligible.
• Personal accounts only.
• Limit of one promotional account per household.
• Cannot be combined with any other offer.

Bottom Line

The bonus amount was previously $250, then increased to $350 and now back down to $300. Nice value but a direct deposit is required. Make a total deposit of $2,000 or more and you won’t have to deal with monthly fees.

Compare with the best bank promotions here, including ones from Bank of America, Chase, and Aspiration.

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.