[Expired] [MD & PA] PeoplesBank $150 Checking Bonus

This bonus has expired, but they have a new one found here.

Offer at a glance

Maximum bonus amount: $150
Availability: MD & PA
Direct deposit required: Yes, $200+
Additional requirements: One bill pay and one check card transactions of $50+
Hard/soft pull: Soft
Credit card funding: None
Monthly fees: None
Early account termination fee: $100, 90 days
Expiration date: None listed

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

Direct link to offer

Receive a sign up bonus of up to $150 when you open a new PeoplesBank checking account, bonus broken down as follows:
- $50 for establishing a direct deposit of at least $200
- $50 for paying at least one bill with PeoplesBank’s online bill payment service
- $50 for conducting a PeoplesBank Visa check card signature based transaction of at least $50

The Fine Print

Bonus may take up to two statement cycle after the requirements are met
Requirements must be completed within 45 days of account opening
Offer valid for new accounts only
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

This account has no monthly fees, according to the fine print they do charge an early account termination fee but we don’t know what it is. Since there is no monthly fee you might as well keep it open for at least six months.

Our Verdict

As long as this is a soft pull to open, it should be a good deal due to no fees and the fact that you can get $100 of the bonus without a direct deposit. We haven’t added it to our list of the best bank bonuses, but we will do if we can get some more personal experiences in the the comments.

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27 Comments

newest

oldest most voted

DH7 (@guest_301338)

September 29, 2016 17:29

#301338

Just called to try to close my account, CSR said that the options are to:

1) Send a secure message via online portal
2) Go into branch
3) Mail in a signed letter

I sent the secure message, I’ll follow up with more details.

Author

William Charles(@will)

September 30, 2016 02:08

#301535

DH7

Thanks.

Bill (@guest_232647)

March 12, 2016 10:31

#232647

Feb 16 Applied online – completed steps, but not opened
Feb 17 Rec email declining my application
Feb 19 Applied in branch – FFA Chking opened with cash deposit $100
Within next few days – set up online access & initiate trial transfers from PNC Bank.
Feb 25 – via ACH from PNC deposit $200
– use Bill pay $35
Waited about 12 days for Debit Card & PIN.
Used Debit Card – $52 Sig purchase
Mar 7 – $100 bonus credited to my account
Mar 8 – $50 bonus credited to my account

C/S in branch was great.
Easy $150

March 13, 2016 05:32

#232813

Bill

Thanks, added data point.

Kevin (@guest_226466)

February 17, 2016 14:18

#226466

I was denied based on my ChexSystems report, which is a first…

Blake (@guest_226489)

February 17, 2016 15:24

#226489

Kevin

How many accounts have you opened recently? I’ve opened 6 including this one, 8 if you include Mango and Netspend savings.

D (@guest_226451)

February 17, 2016 13:18

#226451

I just got an email declining my bank account application after 2 days of waiting. I’m going to call to ask why and update this post. Has anybody confirmed a direct deposit method yet? I’m planning on trying CapOne360 and DiscoverBank

“Dear ______________,

You recently applied for an online account with PeoplesBank, and unfortunately we cannot open your account(s) at this time.

We appreciate your interest in PeoplesBank and would appreciate the opportunity to speak directly with you to help you understand why your request could not be completed.

Please contact one of our Client Care Center representatives at (717) 846-1970 or (888) 846-1970 at your earliest convenience.

Thank you for your interest in PeoplesBank.

PeoplesBank”

jay (@guest_226481)

February 17, 2016 14:55

#226481

were you able to see the final screen with confirmation number and that their team has started processing the application?

D (@guest_226490)

February 17, 2016 15:29

#226490

I called them back, they said that “there wasn’t enough identifying information” and I could go into a branch and open one if I bring a photo ID. I think they just wanted to restrict online signup, but I can’t prove it.

D (@guest_234066)

March 17, 2016 06:42

#234066

UPDATE: I went into a branch today, it took a while but I was able to meet with a rep who set up my account. She was surprised by the number of inquiries on my ChexSystems report, but I just said that I open new accounts for different locations and business needs. I’m going to ACH $200 from CapitalOne360, and i’ll update with results.

DH7 (@guest_290124)

August 31, 2016 10:50

#290124

– 3/17: opened account in-person
– 3/24: DD $200 w/ cap360 listed as “CAPITAL ONE N.A./CAPITALONE”
– 4/22:- 2 bill pays to capital one card
– 4/25: in-person Debit Purchase

*Waited forever for bonus to post but nothing happened*

– 8/30: email asking where bonus is for “bill pay, debit card use, etc” (didn’t mention DD in case they got annoyed w/ my antics)
– 8/31: Received $100 bonus “VISA AND BILL PAY REWARD”

Apparently CAP360 DD was a no-go, possibly because a person verified the bonus?

jay (@guest_226302)

February 16, 2016 21:30

#226302

Also is this one per household?

momosan (@guest_226221)

February 16, 2016 16:36

#226221

I’m reading the fine print and it does say an early account closing fee applies. However, I can’t find where it says what that fee is or how many days it’s required to stay open.

D (@guest_234106)

March 17, 2016 10:12

#234106

momosan

After signing up at a local branch I got a sheet titled “Service Pricing Schedule” under “Premature Account Closure Fee” it says $100 if closed within 90 days of opening.

March 17, 2016 20:00

#234248

Thanks, added this in.

D (@guest_290125)

August 31, 2016 10:52

#290125

William Charles

My pleasure, trying to contribute more DPs/details now. Thanks for all of your work!

August 31, 2016 21:57

#290355

Makes the world of difference when people contribute, I really appreciate it and I’m sure other readers do to!

Blake (@guest_225898)

February 15, 2016 14:04

#225898

Jay is correct, I just applied and CC funding is not an option. Also I was not sure if there was a promo code or not to use, but I went through the direct offer and nothing filled in the promo code field.