PeoplesBank Bonuses: $400 Checking Promotion (MA, PA)

Find an updated list of  PeoplesBank bonuses, promotions, and offers here.

Currently, they have a $400 bonus when you open a new account and meet all the requirements.

PeoplesBank Bonuses Review

PeoplesBank, a Codorus Valley Company is headquartered in York, Pennsylvania and was founded 1934. Since then they have grown to 37 locations and offer money market rates that are 3X the national average.

I’ll go over all PeoplesBank bonuses & offers below.

PeoplesBank $400 Checking Bonus

PeoplesBank is offering a $400 bonus when you open a new qualifying checking account.

• What you’ll get: $400 Bonus
• Eligible account: Checking account
• Availability: MD, PA (ATM/Bank Locator)
• Credit Inquiry: Soft Pull
• Direct Deposit Required: Yes
• Monthly Fee: $0-$3; waivable
• How to earn it:
  • Open a new PeoplesBank personal checking account.
  • You must receive at least one direct deposit in the amount of $1,000 or more to your newly opened PeoplesBank personal checking account within 45 days of the account opening.
  • The bonus will be paid in the form of a statement credit provided within 2 statement cycles after all of the requirements have been met.

(Expires 12/31/2023)

Fine Print

• You may earn a $400 bonus if you are a new or existing client to PeoplesBank and have not had a personal checking account relationship with PeoplesBank in the past 24 months.
• To earn the $400 bonus, the following requirements must be met: You must open a new PeoplesBank personal checking account.
• The new checking account must be your first personal checking account relationship with PeoplesBank in the past 24 months.
• You must receive at least one direct deposit in the amount of $1,000 or more to your newly opened PeoplesBank personal checking account within 45 days of the account opening.
• (Deposits in the form of an external transfer from another financial institution, an internal transfer from another PeoplesBank account, or deposits received through any person-to-person app such as Venmo or Zelle, do not qualify as a direct deposit to the account.)
• A minimum deposit of $25.00 is required to open all checking accounts.
• The bonus will be paid in the form of a statement credit provided within 2 statement cycles after all of the requirements have been met.
• The bonus is a limited-time offer and will start on November 7, 2023 and expire on or before December 31, 2023.
• PeoplesBank reserves the right to withdraw the offer at any time.
• An early account closure fee will be assessed to accounts closed within 90 days of account opening.

PeoplesBank $400 Money Market Bonus (Expired)

PeoplesBank is offering up to a $400 bonus when you open a new money market account and keep an average monthly balance. This offer is targeted, so check your email or contact the bank to see if you qualify.

• What you’ll get: $400 Bonus
• Eligible account: Money Market
• Availability: MD, PA
• Credit Inquiry: Soft Pull
• Direct Deposit Required: No
• Monthly Fee: $10
• How to earn it:
  • Open a Money Market Savings account before October 31, 2019
  • The average statement balance for each of the first six consecutive monthly statement cycles the account is opened must be maintained
  • See the following tiers below. Balance of:
    • $1,000 – $4,999 = $100 bonus
    • $5,000 – $9,999 = $150 bonus
    • $10,000 – $24,999 = $200 bonus
    • $25,000+ = $400 bonus

(Expired)

Fine Print

• One bonus will be credited to an eligible new PeoplesBank Personal Money Market Savings Account opened at a PeoplesBank Financial Center for existing clients who currently maintain only a personal checking account relationship with the Bank.
• If the balance requirement is not met at any time during the statement cycle, the bonus will not be paid to the account.
• Bonus will be paid in the form of a statement credit to the account after the 6-month statement cycle period from the opening date of the account.
• The Bonus reward may take up to two statement cycles to be credited to the account.
• Accounts must be opened at a PeoplesBank Financial Center on or before 10/31/2019 to qualify.
• Accounts opened online are not eligible to receive this bonus.
• Limit one bonus per household regardless of the number of accounts opened or titling of accounts.
• Maximum bonus amount that may be earned as a part of this offer is $400.

How To Waive Monthly Fees

• PeoplesBank Momentum Checking & Savings: No fee when you opt into e-statements or $5 monthly fee for
  paper statement
• PrimeTime: $3.00 per month if balance falls below minimum any day during
  statement cycle
• Basic Business Checking: $0.45 per item over allowed limit
• Business Checking: $0.35 per item over the allowed limit. $20.00 per month maintenance fee if the balance requirement is not met during the statement cycle
• Interest Checking: $0.45 per item over the allowed limit. $30.00 per month maintenance fee if the balance requirement is not met during the statement cycle
• Select Business Checking: $0.25 per item over the allowed limit. $30.00 per month maintenance fee if the balance requirement is not met during the statement cycle
• Relationship Business Checking: $0.35 per item over limit the allowed

Conclusion

Make sure you check out PeoplesBank to learn more about the bonus promotion. That being said I would really recommend this promotion since it triggers a soft pull which does not hurt your credit score!

PeoplesBank rates are not that competitive, so be sure to check our best rates Savings, Money Market, and CD accounts.

• Best Savings/Money Market rates
• Best CD Account rates

Interested in the promotion above, use our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.

Check back often for more PeoplesBank Bonuses, Promotions, or Offers!