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

• 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.