People’s United Bank Promotions: $50, $100, $150, $400 Checking, Savings, Referral Offers [CT, MA, ME, NH, NY, VT]

Find the latest People’s United Bank promotions, bonuses, and offers here.

They are currently offering a $50/$150 and $400 bonus when you open a new checking account and meet the requirements.

People’s United Bank Promotions Review

Founded in 1842, People’s United Bank is a premier, community-based, regional Northeast bank with more than 5,500 employees offering commercial and retail banking, as well as wealth management services. Their priority is showing respect for their customers and having that returned through their ongoing trust.

• Bonus Links:
  • $400 Checking Savings Bonus (12/31/2021)
  • $100 Checking Bonus *Workplace Banking*
  • $50/$150 Referral Bonus (Does Not Expire)
  • Alternate $150 Business Referral Bonus (Does Not Expire)
• Account Type: Checking Account
• Availability: CT, MA, ME, NH, NY, VT
• Branches: 10 (Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Requirement: Yes
• Credit Card Funding: Unknown
• Early Termination Fee: None listed, check with CSR

For more current offers, check out our bank bonuses page. Compare People’s United 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.

I’ll go over People’s United Bank offers below.

People’s United Bank $400 Checking Savings Bonus

• What you’ll get: $400 bonus
• Where it’s available: CT, MA, ME, NH, NY, VT
• How to earn it:
  • To qualify for the $200 checking reward, you must:
    • Open an Advantage or Advantage Plus Checking account;
    • Receive qualifying direct deposits in the account totaling $1,500 or more within 60 days of account opening.
  • To qualify for the $300 checking reward, you must:
    • Open a Premier Advantage Checking account;
    • Receive qualifying direct deposits in the account totaling $1,500 or more within 60 days of account opening.
  • To qualify for the $100 savings reward, you must:
    • 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 with a $25 minimum opening deposit
    • Maintain a Minimum Daily Balance in the account of at least $10,000 for 60 continuous days following account opening.
• When it expires: 12/31/2021

(Offer expires December 31, 2021)

Furthermore, I would compare this offer to some of the best offers available for entry level checking accounts. Current bonuses such as Chase Total Checking ($200 Bonus), HSBC Advanced Checking ($200 Bonus), Huntington Asterisk-Free Checking® ($150 Bonus), Huntington 5 Checking ($200 Bonus) as well as the TD Bank Convenience Checking ($150 Bonus) are all fantastic offers.

People’s United Bank $100 Checking Bonus

• What you’ll get: $100 bonus
• Where it’s available: CT, MA, ME, NH, NY, VT
• How to earn it:
  • You or your employer must be enrolled in the Workplace Banking Program to be eligible for this promotion using the promo code WPB2020
  • Sign up for a qualifying checking account by December 31, 2020.
  • To open the account successfully you must deposit $25.
  • To earn the bonus you must either:
    • Set-up a qualifying direct deposit of $500 or more to the account.
    • Have 15 debit transactions of at least $25 each within 90 days of account opening.
• When it expires: 12/31/2020

(No expiration date listed)

For other business checking accounts, take a look at our Chase Business Checking ($300 Bonus), Huntington Unlimited Plus Business Checking ($750 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus)

People’s United Bank $50/$150 Referral Bonus

• What you’ll get: $50/$150 bonus
  • Personal Checking Account 
  • Business Checking Account
• Where it’s available: CT, MA, ME, NH, NY, VT
• How to earn it:
  • Personal Checking:
    • Get a $50 Visa® Reward Card when your friend registers, opens a new People’s United Bank personal checking account and completes one of the following within 60 days of account opening:
      • Completes 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
      • Your friend can earn a $50 Visa Reward Card.
  • Business Checking:
    • Get a $50 Visa Reward Card when your friend registers, opens a new People’s United Bank business checking account and completes one of the following within 90 days of account opening:
      • Completes at least five (5) deposits of at least $500 or more into the new business checking account, OR
      • Makes at least five (5) business debit card transactions or payments (ACH, check, wire) of at least $25 each that post to the new business checking account
      • Your friend can earn a $150 Visa Reward Card.
• When it expires: Does Not Expire

(Does Not Expire)

Editor’s Note: Similar to the link above, you can choose to take advantage of this alternate link and earn a $150 referral bonus when you refer a business for a new Business Checking Account. However, your referral would have to meet the requirements associated.

People’s United Bank, N.A. is a subsidiary of People’s United Financial, Inc., a diversified financial services company with more than $51 billion in assets. Whether it is for personal or business needs, the customers of People’s United Bank and their needs come first.

Checking Account Bonuses

Occasionally, People’s United Bank offers bonuses when you open a new checking account. Additionally, when you open a qualifying account and meet the requirements, you can earn a generous bonus and gain access to many great features.

Special Checking Account Features

All People’s United Bank checking accounts come with these features.

• Mobile Banking: Using the People’s United Mobile Banking App, depositing checks has never been easier. Simply take a photo of the front and back of your endorsed check and submit it for processing. You will get an email confirmation that it has been received and when it’s approved. Furthermore, it’s fast and free with your mobile device.
• Cash Back Rewards: Simply use your People’s United Debit Card at participating merchants and in a few days your cash back reward will be automatically credited directly to your People’s United Bank checking account.

What to Open at People’s United Bank

Be on the lookout for these great People’s United Bank products.

• Certificate of Deposit: Once you have a checking account with People’s United Bank, it’s easy to start saving with a safe and secure Certificate of Deposit (CD). People’s United checking customers receive premium rates on Plus CDs, and with a variety of terms, you can pick the best way to invest your money with a guaranteed return.
• Money Market: Put your money to work – simply link your savings or money market account to your existing checking account. Additionally, there are no monthly fees, tiered interest based on balance, and require a $2500 minimum to open.

People’s United Bank Checking Alternatives

Chase Total Checking®HSBC Advance CheckingTD Convenience CheckingHuntington 5 Checking

• Enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit • Access to 16,000 Chase ATMs and more than 4,700 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. Apply Now at Chase

• Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by March 31, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then • Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities. Apply Now at HSBC Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.

With the TD Convenience CheckingSM Account: • Earn $150 when you receive direct deposits totaling $500 or more within 60 days • Low minimum daily balance of $100 waives the $15 monthly fee. • Students and young adults ages 17 through 23 get additional perks like no minimum balance requirements and no monthly maintenance fee. • Instantly replace a lost or worn debit card by visiting a TD Bank location near you • Access accounts via Online Banking with Bill Pay, Online Statements and TD Bank Mobile Deposit, with 24/7 cash access at TD ATMs in the U.S. and Canada – plus 24/7 Live Customer Service • Get a 0.25% discount on TD Bank Home Equity and Personal Loans Apply Now at TD Bank

How to Avoid People’s United Bank Checking Account Fees

• Plus Checking Account: The Plus Checking Account does not have monthly service fees.
• ePlus Checking Account: Waive the $10 monthly service charge when you make 10 transactions per statement.
• Advantage Plus Checking: You can waive the $25 monthly service charge when you maintain a combined average balance of $7,500 in personal deposit accounts.
• Premier Checking Account: The $30 monthly service fee is waived if you maintain the account balance of $75,000.

Savings Account Offers

• Plus Savings: With this account, there is no monthly service charge. Additionally, it requires a low minimum opening deposit and it available if you have an existing Plus Checking, ePlus Checking, Interest Plus Checking, or Student Plus Checking account.
• Advantage Savings: There is no monthly service charge, it requires a low minimum opening deposit, and you just need $50 minimum to open. It is available to you if you already have an existing Advantage Checking account.
• Premier Advantage Savings: Like the other accounts, there is no monthly service charge, has a low minimum opening deposit, and requires $50 minimum to open. It is available if you have an existing Premier Advantage Checking account.

People’s United Bank Savings Alternatives

Chase Savings^SMDiscover Online SavingsDiscover CDsDiscover Money Market

-Available nationwide - paired with phenomenal customer service -Get 0.40% APY on your funds with no minimum requirements & no monthly fees! -No hidden fees. No minimum balance to open. -It's your money. Use it when and how you want. -Deposit checks on the go or grow your savings with automatic transfers. -Move money in and out of your savings account easily and securely. -View your savings account balance and activity online or with mobile app. -Get started and open a Discover Savings Account in 3 easy steps. Apply Now at Discover

Author’s Verdict

This People’s United Bank $50/$150 Checking Bonus and $4000 bonus are both easy bonuses to earn but the second promotion is only available in-branch. Overall, if I were to go for this bonus, I would open the Plus Checking Account to avoid any sort off fee and definitely trigger the direct deposit requirement.

Additionally, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of People’s United Bank promotions here.

Chase Coupons & Promo Codes: $100, $200, $300, $350, $725, $2000 Bonuses For Checking, Savings, Business Accounts for February 2021

HSBC Bank Promotions: $200, $240, $450, $600, $2000 Checking Bonuses (Nationwide) – February 2021

Huntington Bank Promotions: $200, $300, $400, & $750 Checking Bonuses for February 2021

More More