PeoplesBank is offering a $350 bonus for opening a new Free Checking account and receiving qualifying direct deposits. Availability: specified counties in Massachusetts and Connecticut.
Want more bank bonuses? See our regularly updated list of the best current bank promotions.
PeoplesBank Bonus Overview
Bonus: $350
Account: Free Checking
Deadline: October 26, 2026
Promo code: Fall26
Availability: Hampden, Hampshire, and Franklin counties in Massachusetts; former Hartford, Tolland, Litchfield, and Middlesex counties in Connecticut
How to Earn the Bonus
Trending Checking Account Deal:
- Open a new PeoplesBank Free Checking account online or in a banking center from September 14 through October 26, 2026.
- Enter or mention promo code Fall26 when opening the account.
- Make the $10 minimum opening deposit.
- Receive at least $1,500 in qualifying direct deposits within 60 days of account opening.
Who Is Eligible?
The offer is for consumers in Hampden, Hampshire, or Franklin County, Massachusetts, and the former Hartford, Tolland, Litchfield, or Middlesex counties in Connecticut. It is limited to new PeoplesBank consumer checking customers. Customers who have or had a PeoplesBank consumer checking account in the past 12 months, previously received a PeoplesBank promotional payout, or are PeoplesBank associates are ineligible. Limit one credit per primary taxpayer identification number.
Monthly Fees and Minimums
Free Checking has no monthly maintenance fee and no minimum-balance requirement after the $10 opening deposit. Optional services and out-of-network transactions may carry fees.
When Is the Bonus Paid?
PeoplesBank states that the $350 bonus will be deposited within 60 calendar days after the qualification period ends. Qualifying direct deposits include third-party salary, pension, government benefits, or other recurring ACH credits. The bonus may be taxable.
Important Dates and Exclusions
- Open the account by October 26, 2026 and use promo code Fall26 at opening.
- Transfers from another PeoplesBank account and deposits made by cash, check, or mobile deposit do not qualify.
- The offer cannot be combined with another promotion and is subject to change.
How to Apply
Use the official offer button above, select Free Checking, and enter Fall26 during the application. Save the promotional confirmation and records of the qualifying direct deposits.
The Bottom Line
This is a straightforward regional bonus with a fee-free account and a moderate direct-deposit requirement. Confirm that your residential county is eligible before applying.
Offer details rechecked September 28, 2026. Confirm the current terms before applying.
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