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Contents
UPDATE: People’s United Bank, N.A, is now part of M&T Bank. The offers below are no longer available.
Get new People’s United Bank (peoples.com) promotions here for Checking and Savings accounts.
People’s United Bank was established in 1988 and is headquartered in Bridgeport, Connecticut. They have around 400 branch locations in the following states: Connecticut, Massachusetts, Maine, New Hampshire, New York, and Vermont.
Read more: See bank offers from Chase Bank, U.S. Bank, TD Bank, BMO Harris, and Bank of America.
We’ll review the current bonus offers below.
[Expired] Earn $550 Your First Year With People’s United Bank
People’s United Bank has an ongoing offer with ReferLive.com where you can earn an initial $50 bonus for opening a new Checking account. You can then start making referrals and earn a $50 bonus per referral, up to $500 in bonuses per calendar year.
First, Sign Up And Earn The $50 Bonus
Sign up for a new personal Checking account for the $50 bonus. Direct deposit will be an optional requirement for this one, and the minimum amount is just $100 if you choose this route.
- $50 bonus offer has no set expiration date.
- Any personal Checking account will qualify for the offer.
- Offer available in CT, MA, ME, NH, NY, VT
- Application will trigger a Soft Pull, which does not affect your credit.
- Direct deposit is an optional requirement.
- Some account types will have Monthly Fees, but can be voided. The Plus Checking account doesn’t have Monthly Fees.
- You must no have had in the past 180 days a People’s United Bank personal checking account.
- Complete these steps to receive your bonus:
- Use the offer link to register your information to receive the bonus
- Open a new personal Checking account and complete ONE of the following requirements within 60 days after account opening:
- Have one (1) direct deposit of at least $100 or more into the new personal checking account, OR
- Make at least ten (10) debit card purchases of at least $25 each that post to the new personal checking account
- Please allow up to 4-6 weeks, after completing all requirements of this offer, for delivery of your Reward Card.
Then, Make $500 In Yearly Referral Bonuses
You can make up to 10 qualified referrals per calendar year, for a $500 total bonus. To make it easier to get referrals, your referrals can also earn the $50 sign up bonus and then go on to make their own referral bonuses.
- $500 in yearly referral bonuses has no set expiration date
- The offer requirements for your referrals to earn their $50 bonus is the same as the requirements above.
- Once your referrals meet the requirements, you’ll receive a $50 bonus as well.
- Have 10 qualified referrals per calendar year to earn the maximum $500 bonus.
- First use the offer link below to register your information before you can start making referrals.
- Then you can choose to refer via email, or by sharing your personal referral link via social media.
- Your friend or family member will receive an email notification containing registration instructions and requirements of this offer.
- Once your friend or family member registers, opens a new People’s United Bank personal checking account AND completes one of the following requirements within 60 days after account opening, you will BOTH receive a $50 Visa Reward Card!
- Has one (1) direct deposit of at least $100 or more into the new personal checking account, OR
- Makes at least ten (10) debit card purchases of at least $25 each that post to the new personal checking account
[Expired] People’s United Bank Up To $500 Checking & Savings Bonus
- What you’ll get: Up To $500
- Where it’s available: CT, MA, ME, NH, NY, VT
- How to earn it:
- After you enter an eligible zip code, the promo code JAN2022 will appear for this offer.
- Open these accounts between 1/7/2022 and 2/28/2022 with $25 minimum opening deposit to earn:
- $400 bonus when you open an Advantage, Advantage Plus, or Premier Advantage checking account and receive qualifying direct deposits in the account totaling $2,500 or more within 60 days of account opening.
- $100 more when you open a savings or money market account linked to a new Advantage, Advantage Plus or Premier Advantage checking account within 5 business days of opening the checking account and maintain a Minimum Daily Balance of at least $10,000 for 60 continus days following account opening.
- When it expires: 2/28/2022
How To Earn The Bonus
- After you enter an eligible zip code, the promo code JAN2022 will appear for this offer.
- Open these accounts between 1/7/2022 and 2/28/2022 with $25 minimum opening deposit to earn:
- $400 bonus when you open an Advantage, Advantage Plus, or Premier Advantage checking account and receive qualifying direct deposits in the account totaling $2,500 or more within 60 days of account opening.
- $100 more when you open a savings or money market account linked to a new Advantage, Advantage Plus or Premier Advantage checking account within 5 business days of opening the checking account and maintain a Minimum Daily Balance of at least $10,000 for 60 continus days following account opening.
Plus Checking: $10 monthly service, avoid by meeting one of the requirements below:
- Keep $1,000 or more daily balance or direct deposit of paycheck OR
- government benefit OR
- be 65 or older.
Advantage Checking: $25 monthly service fee, avoid by maintaining $7,500 in Combined Average Balances
Premier Advantage Checking: $30 monthly service fee, avoid by maintaining $75,000 in Combined Average Balances
CHECKING ACCOUNTS
- This offer is only available for new accounts opened in a People’s United Bank branch, over the phone, or online.
- $25 minimum opening deposit.
- For accounts opened online, you must use the “Apply Now” link on the offer page at the time of account opening to be enrolled in this offer. If you enter an eligible zip code and use the “Apply Now” link, the promo code will display.
- This offer is not available to existing People’s United Bank personal checking account customers, which means any account owner cannot currently have or have had a People’s United personal checking account within the last 365 days.
- Fiduciary accounts are not eligible.
- This offer may not be combined with other offers.
- People’s United Bank may change or discontinue this offer at any time before this date without notice. Other restrictions may apply.
- Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security) from your employer or the government into your checking account. Refer to the Schedule of Deposit Account Charges for minimum balance requirements to avoid the monthly service charge.
- The Reward will be credited to your checking account 6-8 weeks after the account has been open for 60 days if your account is open and has a positive balance at the time of reward payout.
- The account must remain as the original account type opened to receive the reward payment.
- If the checking account is closed within 6 months of opening, we may deduct the bonus amount at the time of account closing.
- One reward per household.
- Reward is considered interest and will be reported on IRS Form 1099-INT.
Bottom Line
This is a rich offer but the requirements are also very high. To avoid the $30 a month service fee for the Premier Advantage Checking, you must maintain a Combined Average Balance of $75,000. See offers from Chase, TD Bank, Aspiration, Bank of America and more here.
Read more: See the best bank promotions here and the best investing promotions here.
