Take advantage of the latest Penn Community Bank bonuses, promotions, and offers here.
Update 1/30/25: There is now a $350 checking bonus available through 2/22/25.
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 $350 Checking & Savings Bonus
- What you’ll get: $350 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:
- Open a new checking account and earn a $300 cash bonus for using the new account within the first 60 days to either:
- Receive direct deposits totaling $1,000 or more OR
- Complete 20 or more debit card purchases.
- Earn an additional $50 cash bonus for opening a new savings account at the same time as the checking account and maintaining the savings account minimum daily balance or more for 60 days.
- Open a new checking account and earn a $300 cash bonus for using the new account within the first 60 days to either:
(Expires 02/22/2025)
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($300 Bonus Offer) | Truist Checking ($400 bonus) |
| SoFi Checking & Savings Account ($325 bonus) | |
Fine Print
- The up to $350 new account cash bonus offer (“offer”) is available on any Penn Community Bank personal checking account type. New account offer only valid for accounts opened at Penn Community Bank’s Lehigh Valley branches, located at 3100 West Tilghman St., Allentown, PA 18104 and 2285 Schoenersville Road, Bethlehem, PA 18017, or online at www. PennCommunityBank.com. To receive the $300 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, or more. To receive bonus(es) account must be open, active and in good standing at the time the new account bonus is processed. New account bonus(es) will be deposited to the checking account within 45 days after meeting offer requirements. If account is closed for any reason within six (6) months from date of opening, early termination fee may apply, and amount of new account bonus(es) 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. 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 February 22, 2025. Information accurate as of January 2, 2025, and subject to change without notice. Offer may be modified or withdrawn at any time. Relationship Checking is an interest-bearing account, with the potential to earn a higher interest rate based on account balance, when tiered rates are offered. Relationship Checking Annual Percentage Yield (APY) as of January 2, 2025, is .03% for all balance tiers.
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 ($300 or $500 Bonus) | U.S. Bank Business Checking ( $500 or $900 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) |
| Bluevine Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| Axos Business Premium Savings ($375 Bonus) | |
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 ($300 or $500 Bonus) | U.S. Bank Business Checking ( $500 or $900 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) |
| Bluevine Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| Axos Business Premium Savings ($375 Bonus) | |
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
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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!
