Take a look at the most recent PeoplesBank bonuses, promotions, and offers here.
Update 11/4/25: The prior $300 checking bonus has been increased to $350 good through 11/17/25.
PeoplesBank Bonuses Review
PeoplesBank is a leader in innovation, corporate responsibility, environmental sustainability, and employee engagement. Furthermore, since 1885 their commitment has been and will continue to be one centered on serving the financial needs of their customers, operating responsibly as a good corporate citizen, creating a great place to work for our people and working hard to improve the environment.
I’ll go over the PeoplesBank offers below.
PeoplesBank $350 Checking Bonus
- What you’ll get: $350 Bonus
- Eligible account: Checking Account
- Where it’s available: MA, CT MA, CT (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required:
- Monthly Fee: $0-$20; waivable
- How to earn it:
- Open a checking account by November 17, 2025. Enroll online or in person using promo code FALL35025.
- Set up direct deposit. Deposit a minimum of $1,500 in direct deposits within 60 days.
- Receive $350. Once you meet the criteria, you will receive $350 in your account within 60 days.
(Expires 11/17/2025)
| Bank of America Checking ($500 Bonus Offer) | KeyBank Checking ($300 bonus) |
| SoFi Checking & Savings Account ($325 bonus) | |
Fine Print
- Offer eligible to residents in Hamden, Hampshire, Franklin (MA) and Hartford, Tolland, Litchfield (CT) counties.
- Minimum opening deposit of $10 required.
- The checking account must be opened online or in a banking center between 9/29/25–11/17/25.
- To qualify, the customer must mention or enter the promotional code Fall35025 and have a minimum of $1,500 in direct deposits within 60 days of the account open date.
- Qualifying direct deposits are electronic deposits from a third party, including salary, pension, government benefits, or other recurring ACH credits.
- Transfers from another PeoplesBank account and deposits made by cash, check or mobile deposits do not qualify.
- If you meet the criteria, the $350 bonus will be deposited into your account within sixty (60) calendar days after the qualification period ends.
- Customers who have had an open PeoplesBank checking account within 12 months of new account opening are not eligible for the offer.
- Personal accounts only.
- Limit of one promotional account per customer.
- Customers who have received promotional payouts previously are not eligible.
- Cannot be combined with any other offer.
- Offer available in Hampden/Hampshire/Franklin counties in Massachusetts and Hartford/Tolland/Litchfield counties in Connecticut.
- PeoplesBank associates are not eligible.
- Offer subject to change without notice.
- Bonus payout may be tax reportable, please consult your tax advisor.
PeoplesBank $100 Checking Bonus
Employees in the PeoplesBank-At-Work program can receive a $100 bonus when they open a checking account with direct deposit.
- What you’ll get: $100 Bonus
- Eligible account: Checking Account
- Where it’s available: MA, CT MA, CT (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: Yes
- Monthly Fee: $0-$20; waivable
- How to earn it:
- An employee must sign up for direct deposit at the same time as they open their new PeoplesBank personal checking account
- They will deposit $100 into their new checking account after the first direct deposit is made.
(Limited time offer)
| KeyBank Checking ($300 bonus) | HSBC Premier Checking (Up to $3,500 Cash Bonus), |
Fine Print
- The first direct deposit must be made within 60 days from the new checking account open date.
- The PeoplesBank-at-Work offer is good for only one $100 offer per household opened at any PeoplesBank office.
- Offer subject to change without notice.
- Available as of 4/15/17.
PeoplesBank $25 Referral Bonuses
Employees in the PeoplesBank-At-Work program can receive a $25 bonus when they open a checking account when you refer them.
- What you’ll get: $25Bonus
- Eligible account: Checking Account
- Where it’s available: MA, CT MA, CT (Branch Locator)
- Credit Inquiry: Soft Pull or Hard Pull? Let us know.
- Direct Deposit Required: Yes
- Monthly Fee: $0-$20; waivable
- How to earn it:
- Refer your friends and family to open a qualifying checking account with direct deposit.
- All they need to do is fill out the form.
(Limited time offer)
| CIT Bank Platinum Savings (3.85% APY + $225 or $300 Bonus). | Live Oak Bank Savings (3.90% APY + $200 Bonus) |
| SoFi Checking & Savings ($325 Bonus + 3.80% APY) | Harborstone Credit Union Money Market (4.10% APY) |
Fine Print
- The PeoplesBank Referral Program is available to new and existing PeoplesBank customers.
- The referral must result in a new personal checking account.
- Referral form must be presented at the time the account is opened.
- $25 will be deposited into the referrer’s account at the time of the referral’s checking account opening.
- The referral will receive $25 within 6 weeks of their first direct deposit (direct deposit must be made within 60 days of account opening).
- This program cannot be combined with any other PeoplesBank offer.
- Offer subject to change without notice.
- Available as of 1/10/19.
How to Waive Monthly Fees
- Free Checking: No monthly maintenance service
- Choice Checking: $10.00 monthly waived with $2,000 or more are not made within each statement cycle
- Interest Checking: $20.00 monthly fees waived with $5,000 in average daily balances
- Primary Savings: No monthly maintenance service
- Growth Savings: $10.00 monthly waived with $2,500 or more in average balance
- Elite Tiered Money Market: No monthly maintenance service
- Student Savings: No monthly maintenance service
- Free Business Checking: No maintenance fee
- BusinessEdge: No maintenance fee
- Business Interest Checking: Not stated
- Commercial Checking: Not stated
- IOLTA: No maintenance fee
 |
 |
Conclusion
If you are a resident of Massachusetts or Connecticut, I highly recommend checking out this promotion. The bonus amount is higher than most other promotions and the requirements are pretty easy to complete. Be sure to open your account before it expires.
I would check out a list of our Savings, Money Market, and CD Rates to find other generous promotions you can utilize.
If you are not eligible for these promotions, 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.
Feel free to comment on this post with any questions you may have about PeoplesBank, their accounts they offer, or coupon codes.
Check back often for more PeoplesBank Bonuses, Promotions, or Offers!
