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Home Bank Promotions

Peoples Bank $300 Checking Bonus (Skagit County, WA)

Diana Mason by Diana Mason
October 22, 2022 9:08 am CDT
in Bank Promotions
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This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Contents

  • 1 Promotions Review Below
    • 1.1 [Expired] Peoples Bank $300 Checking Bonus
      • 1.1.1 How To Earn The Bonus
      • 1.1.2 Bottom Line
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Find up-to-date promotions and offers from Peoples Bank here. Peoples Bank is currently offering a $300 checking account bonus.

Peoples Bank was established in 1921 and is headquartered in Bellingham, WA. They have locations throughout Washington.

READ MORE: See Popular Offers From Banks Like Chase Bank, Bank Of America, U.S. Bank, BMO Harris, And TD Bank

Compare their rates with the nation’s top Savings rates here, top Checking rates here, and the top CD rates here.

Promotions Review Below

[Expired] Peoples Bank $300 Checking Bonus

Peoples Bank (WA)
  • What you’ll get: $300
  • Where it’s available: WA
  • How to earn it:
    • In order to receive a $300 bonus, open a new Personal Relationship Checking account (subject to approval) with a minimum opening deposit of $100 and establish a qualifying direct deposit of $500 or more that credits your account within 90 days of opening.
  • When it expires: 7/26/2019
Learn More

How To Earn The Bonus

EARNING THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT

  • In order to receive a $300 bonus, open a new Personal Relationship Checking account (subject to approval) with a minimum opening deposit of $100 and establish a qualifying direct deposit of $500 or more that credits your account within 90 days of opening.
  • The account must remain open and maintain a positive balance during this time.

  • Includes Peoples Perks, our value-added bundle of money-saving and protection services
  • Unlimited check writing
  • Online and Mobile Banking with Bill Pay
  • Peoples Bank debit card
  • My Business Checking: Add a business checking account for your small office or home-based businesses with low transaction volumes

The monthly service charge fee of $5.00 is waived if the account qualifies for Platinum or Diamond Benefit Level.

Platinum level requires $10,000 in deposit balances or $100,000 in consumer or mortgage loan balances serviced at Peoples Bank. Diamond level requires $50,000 in deposit balances or $500,000 in consumer or mortgage loan balances serviced at Peoples Bank.

  • ELIGIBILITY REQUIREMENTS
    • This offer is available to new Peoples Bank checking customers who do not already have a personal checking account with Peoples Bank.
    • A Personal Relationship Checking account is required and must be opened in person.
    • The account owner must be 18 years or older at the time of account opening.
    • You are not eligible for this offer if you are an owner or co-owner of a personal checking account or an employee of Peoples Bank.
    • The offer is not available to those with fiduciary accounts (such as a trust, escrow, estate) or if your account has been closed within 90 days or closed with a negative balance.
  • BONUS REQUIREMENTS
    • In order to receive a $300 bonus, open a new Personal Relationship Checking account (subject to approval) with a minimum opening deposit of $100 and establish a qualifying direct deposit of $500 or more that credits your account within 90 days of opening.
    • The account must remain open and maintain a positive balance during this time.
    • A qualifying direct deposit is a deposit of your paycheck, pension or government benefits (such as Social Security) received electronically through the Automated Clearing House (ACH) network by your employer or an outside agency.
    • Non-qualifying direct deposits for purposes of this offer include transfers from one account to another.
    • For example, transfers between your own accounts or person to person transfers using a service such as People Pay, Venmo, Zelle or deposits made at a branch, ATM, or through mobile deposit do not qualify.
  • BONUS PAYMENT
    • Peoples Bank will deposit the bonus into your checking account within 90 days after meeting all requirements of the offer.
    • Bonus payment is limited to one bonus per new customer and personal checking account, including all individual and joint accounts.
    • The bonus cannot be paid without a valid U.S. Taxpayer Identification Number from the primary account owner.
    • You are responsible for any federal, state or local taxes due on the bonus.
    • Bonuses are considered interest and will be reported on IRS Form 1099-INT.
    • Please consult your tax advisor.
  • ADDITIONAL IMPORTANT INFORMATION
    • Offer expires on July 26, 2019.
    • This offer is subject to change and may be discontinued at any time without notice.
    • Available at branches in Skagit County only.
    • Not available for accounts opened online.
    • No minimum balance requirements apply to the Personal Relationship Checking account.
    • The account Benefit Level is determined monthly and based on combined balances.
    • There are no balance requirements for Gold level.
    • Platinum level requires $10,000 in deposit balances or $100,000 in consumer or mortgage loan balances serviced at Peoples Bank.
    • Diamond level requires $50,000 in deposit balances or $500,000 in consumer or mortgage loan balances serviced at Peoples Bank.
    • Interest on the Personal Relationship Checking account is compounded daily and will be credited to your account monthly.
    • Rates are variable and subject to change without notice.
    • Fees could reduce earnings in this account.
    • The monthly service charge fee of $5.00 is waived if the account qualifies for Platinum or Diamond Benefit Level.

Bottom Line

This offer is only available to residents of Skagit County, WA. High balances are required to waive the monthly fee. However, the monthly fee is low. Compare this offer with the best bank promotions here.

READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here

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Diana Mason

Diana Mason

Diana's passion for travel eventually led to her separation from the 9 to 5 office life and into the arms of freelance work. Cali-born and Philly-bred, she's a creative professional with a delightful knack for words. When she's not gallivanting across the globe, Diana can be found writing (of course), teaching yoga and dreaming of her next big adventure.

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