Penn Community Bank Promotions: $400 Checking, Savings Bonuses (PA)

Find an updated list of Penn Community Bank promotions, bonuses, and offers here.

Update 1/30/25: There is now a $350 checking bonus available through 2/22/25.

Penn Community Bank Promotions Review

Penn Community Bank is headquartered in Doylestown, Pennsylvania and was established in 1922. Since then they have grown to 25 location and boast an A+ health rating.

I’ll go over Penn Community Bank offers below.

Penn Community Bank $400 Checking & Savings Bonus

• What you’ll get: $400 bonus
• Where it’s available: PA (Bank Locator)
• Direct Deposit Requirement: Optional
• Credit Inquiry: Soft Pull or Hard Pull?
• Monthly Fees: None
• Early Termination Fee: Six months, bonus forfeit
• How to earn it:
  • Open a new checking account and earn a $350 cash bonus for using the new account within the first 60 days to either:
    • Receive direct deposits totaling $1,500 or more OR
    • Complete 20 or more debit card purchases.
  • Earn an additional $50 cash bonus for opening a new Statement Savings account at the same time as the checking account and maintaining the savings account minimum daily balance or more for 60 days.

(Expires 04/19/2025)

Fine Print

• The up to $400 Grand Opening new account cash bonus offer (“offer”) is available on any Penn Community Bank personal checking account type. New account offer valid only for accounts opened at Penn Community Bank’s Lehigh Valley branches, located at 2285 Schoenersville Road, Bethlehem, PA 18017 and 3100 West Tilghman St., Allentown, PA 18104, or online at www.PennCommunityBank.com/LehighValley400. To receive the $350 new checking cash bonus the account must be opened with $25 or more and complete one of the following within the first sixty (60) days of account opening: a) receive qualifying direct deposits totaling $1,500 or more to the checking account OR b) complete 20 or more debit card purchase transactions that post to the checking account. Qualifying direct deposits are defined as recurring electronic deposits of payroll, Social Security, pension, government benefits or other eligible regular monthly income. To earn an additional $50 cash bonus, checking bonus offer requirements must also be met, and you must 1) open a new Statement Savings account at the same time as the qualifying checking account with standard account minimum opening deposit of $25 or more, and 2) maintain in the Statement Savings account for the first 60 days from account opening the minimum daily balance to avoid a monthly service fee and earn interest, which is $100, or more. To receive bonus(es) account must be open, active and in good standing at the time the new account bonus is processed. New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements. If account is closed for any reason within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus(es) received will be debited from final account balance.
• Bonus offer available to new checking customers only. Must not have closed a Penn Community Bank checking account within the preceding twelve (12) months or received a prior new checking account incentive. Limit one bonus offer per household. Standard account eligibility requirements apply, and the program promotional code must be presented at opening.
• All bonuses are subject to IRS 1099 tax reporting. Offer expires April 19, 2025. Information accurate as of February 1, 2025, and subject to change without notice. Offer may be modified or withdrawn at any time. Relationship Checking is an interest-bearing account, with the potential to earn a higher interest rate based on account balance, when tiered rates are offered. Relationship Checking Annual Percentage Yield (APY) as of February 1, 2025 is .03% for all balance tiers. Relationship Checking interest rates are variable and subject to change at any time and without notice. For current rates, visit PennCommunityBank.com/PersonalRates.
• Statement Saving Annual Percentage Yield (APY) as of February 1, 2025, is .05%. Statement Savings interest rate is variable and subject to change at any time and without prior notice. For current rates, visit PennCommunityBank.com/PersonalRates.
• Offer not available for business or municipal accounts and may be subject to change or withdrawal without notice. Fees may reduce earnings. There is no charge for the Penn Community Bank app, but wireless carrier data usage and message rates may apply. Ask for full details.

[Expired] Penn Community Bank $300 Business Checking Bonus

• What you’ll get: $300 bonus
• Where it’s available: PA
• How to earn it:
  • Open a new Advantage Business Checking account in-branch using the promo code given by scheduling an appointment online
  • Receive the $300 bonus after maintaining an average daily balance of $2,500 or more for 31-91 days after account opening
• When it expires: 10/31/2021

(Expires October 31, 2021)

Editor’s Note: You may potentially earn up to an additional $100 when you open a PennEdge loan or line of credit within first 90 days after opening an Advantage Business Checking account.

[Expired] Penn Community Bank $100 Business Referral Bonus

• What you’ll get: $100 bonus
• Where it’s available: PA
• How to earn it:
  • Fill out the form on this page.
  • Refer a friend who is currently not banking with us.
  • If you refer a friend, you both may earn $50; if your friend opens a business account, you both may receive $100.
• When it expires: 12/31/2020

(Expires December 31, 2020)

How to Avoid Penn Community Bank Monthly Fees

Advantage Business Checking: $0 or $12 waived by maintaining $7500 daily checking balance or $15,000 combined daily deposit account balance

Authors Verdict

To summarize, Penn Community Bank has some of the best promotions, bonuses, and offers. If you were already interested in this bank, this $100 referral promotion is very generous. They offer a variety of banking options so take advantage.

For more current offers, check out our bank bonuses page. Compare Penn Community Bank rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.