Take advantage of the latest Penn Community Bank bonuses, promotions, and offers here.
Currently, you’ll find a $400 bonus when you open a new account with qualifying activity.
Penn Community Bank Bonuses Review
Penn Community Bank is designed to provide financial knowledge to help families and businesses grow. Plus, they strive to better your banking experience with them with their products and services.
I’ll review the current Penn Community Bank bonuses & offers below.
Penn Community Bank $400 Checking & Savings Bonus
Earn a $400 bonus from Penn Community Bank when you open a new checking & savings account.
- What you’ll get: $400 Bonus
- Eligible account: Checking & Savings
- Where it’s available: PA (Bank Locator)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Direct Deposit Required: Yes
- Monthly Fee: $0-$10; waivable
- How to earn it:
- Earn a $350 cash bonus for opening a qualifying new checking account and completing one of the following within the first 60 days of account opening:
- Receive direct deposits totaling $1,000 or more OR
- Complete 20 or more debit card purchases that post to your checking account.
- Earn an additional $50 cash bonus for opening a Statement Savings account at the same time as the checking and maintaining the Statement Savings account minimum daily balance or more for 60 days from opening.
- Earn a $350 cash bonus for opening a qualifying new checking account and completing one of the following within the first 60 days of account opening:
(Expires 09/09/2023)
U.S. Bank Smartly® Checking ($400 Cash Bonus) | Truist Checking ($400 bonus) |
Chase Total Checking ($300 Bonus) | KeyBank Checking ($200 bonus) |
Bank of America Checking ($200 Bonus Offer) | Fifth Third Bank Checking ($325 Bonus) |
Axos Bank Rewards Checking ($300 Bonus) |
Fine Print
- The up to $400 new account cash bonus offer (“offer”) is available for opening a new Penn Community checking account. 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 $1,000 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. New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements. Account must be open, active and in good standing at time of incentive fulfillment to receive bonus(es). If account is closed within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus 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. If multiple accounts are opened with the same signer, only one account will be eligible for the bonus. 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 September 9, 2023. Information accurate as of June 30, 2023 and subject to change without notice. Offer may be modified or withdrawn at any time. Statement Savings Annual Percentage Yield (APY) as of June 30, 2023 is .05%. Relationship Checking is also an interest bearing account, with the potential to earn a higher interest rate based on account balance, when tiered rates are offered. Relationship Checking APY as of June 30, 2023 is .03% for all balance tiers. Statement Savings and Relationship Checking interest rates are variable and subject to change at any time and without prior notice. For current rates, visit PennCommunityBank.com/PersonalRates. Fees may reduce earnings. Ask for full details.
Penn Community Bank $300 Business Checking Bonus (Expired)
Earn a $300 bonus from Penn Community Bank when you open a new business checking account.
- What you’ll get: $300 Bonus
- Eligible account: Advantage Business Checking
- Where it’s available: PA (Bank Locator)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Direct Deposit Required: No
- Monthly Fee: $0-$20
- How to earn it:
- To receive the $300 new Advantage Business Checking cash bonus, the account must be opened within promotional period of June 20 – October 31, 2021 with $25 or more.
- Maintain a daily balance of $2500 or more for days 31-90 after account opening.
(Expires October 31, 2021)
Editors Note: You can potentially earn up to $400 bonus when they open a PennEdge loan or line of credit within first 90 days after opening an Advantage Business Checking account.
Chase Business Checking ($400 Bonus) | U.S. Bank Business Checking ($350 or $800 Bonus) |
Axos Bank Basic Business Checking ($400 Bonus) | Axos Bank Business Interest Checking ($400 Bonus) |
Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
Huntington Business Checking 100 ($200 Bonus) | Bank of America Business Checking ($200 bonus offer) |
Fine Print
- New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements.
- New account bonus offer available to new business checking customers only.
- Must not have closed a checking account within the preceding twelve (12) months or have received a prior new checking account incentive.
- Limit one bonus offer per business TIN.
- If multiple accounts are opened with the same TIN, only one account will be eligible for the bonus.
- Account must be open, active and in good standing at time of incentive fulfillment to receive bonus(es).
- If account is closed within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus received will be debited from final account balance.
- All bonuses are subject to 1099 reporting. Offer subject to change without notice.
Penn Community Bank $100 Business Referral Bonus (Expired)
Earn a $100 bonus from Penn Community Bank when you refer someone to open a new business checking account.
- What you’ll get: $100 Bonus
- Eligible account: Business Checking
- Where it’s available: PA (Bank Locator)
- Credit Inquiry: Hard Pull or Soft Pull? Let us know.
- Direct Deposit Required: No
- Monthly Fee: $0-$20
- 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.
(Expires December 31, 2020)
Chase Business Checking ($400 Bonus) | U.S. Bank Business Checking ($350 or $800 Bonus) |
Axos Bank Basic Business Checking ($400 Bonus) | Axos Bank Business Interest Checking ($400 Bonus) |
Huntington Unlimited Plus Business Checking ($1,000 Bonus) | Huntington Unlimited Business Checking ($400 Bonus) |
Huntington Business Checking 100 ($200 Bonus) | Bank of America Business Checking ($200 bonus offer) |
Fine Print
- The Refer-A-Friend program bonuses are limited up to $300 per year.
- All bonuses may be subject to 1099.
- Please consult a tax advisor for details.
- Offer expires December 31, 2020.
- This offer may be extended, modified, or withdrawn at any time without prior notice.
- Employees of Penn Community Bank are not eligible to participate.
- If you have any questions, please speak with a Penn Community Bank representative.
How To Waive Monthly Fees
- Free Checking Plus: No monthly service fee
- Student Checking: No monthly service fee
- Relationship Checking: $0 or $10, waived by either:
- Maintaining average balance of $1,500 or more in the checking account, OR Combined current balance for deposit and/or loan accounts of $15,000 or more, OR
- Monthly direct deposits totaling $2,500 or more, OR
- Primary account owner age 50 or older.
- Access Checking: $0 or $4, waived by:
- Monthly direct deposits totaling $500 or more.
- Basic Business Checking: No monthly service fee
- Community Business Checking: No monthly service fee
- Advantage Business Checking: $0 or $12 (Waived by maintaining $7500 daily checking balance or $15,000 combined daily deposit account balance)
- Enterprise Business Checking: $20, Reduced or waived by monthly earnings credit based on account activity
Conclusion
Overall, when you refer someone to open a business checking account, you’ll be able to earn this bonus offer. Plus, there are several perks that comes with these accounts as well. Furthermore, you will be able to earn up to $300 if you refer enough people.
While these bank promotions are rather attractive, you can also take advantage of our list of Savings, Money Market, and CD rates.
However, if you do not live in Pennsylvania definitely take a look at 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.
Feel free to comment on this post with any questions you may have about Penn Community Bank, their accounts they offer, or any experiences you have had!
Check back often for more Penn Community Bank Bonuses, Promotions, or Offers!