Peoples Bank Bonuses: $400 Checking Promotion (IL, IN)

Find the latest Peoples Bank bonuses, promotions, and offers here.

Update 10/7/25: There’s currently a $400 checking bonus available for a limited time.

Peoples Bank $400 Checking Bonus

Earn a $400 bonus when you open qualifying checking account and meeting certain requirements.

• What you’ll get: $400 Bonus
• Eligible account: Checking
• Availability: IL, IN (Locator)
• Credit Inquiry: Hard Pull or Soft Pull? Let us know.
• Direct Deposit Required: Yes
• Monthly Fees: None with You First Checking or eChecking
• How to earn it:
  • Open a new Peoples Bank checking account online and complete the following steps:
  • Enroll in eStatements
  • Set up direct deposit(s) totaling $1,000 or more within 90 days
  • Receive direct deposit(s) totaling $1,000 or more within 90 days of account opening
  • The $400 promotional incentive will be deposited into the new checking account during the next statement cycle after the 90 day period is up.

(Limited time offer)

Fine Print

• The $400 cash incentive promotional offer is available to new checking account customers who open an eligible Peoples Bank checking account online and is limited to one account per customer.
• To qualify, new checking customers must open the account online and meet standard account approval requirements, enroll in eStatements, set up direct deposit, and receive direct deposit(s) totaling $1,000 or more within 90 days.
• Qualifying direct deposits are defined as electronic deposits of the account holder’s paycheck, pension, government benefits (such as Social Security), or other regular monthly income made through the Automated Clearing House (ACH) network.
• Transfers from one account to another or deposits made through ATM, mobile deposit, or branch transactions do not qualify as direct deposits.
• This limited-time promotional offer is non-transferable and may not be combined with any other offer.
• Peoples Bank reserves the right to modify or withdraw this promotion at any time without notice.
• The $400 promotional incentive will be deposited into the new checking account during the next statement cycle after the 90 day period is up.
• The account must remain open, active, and in good standing at the time the bonus is paid.
• In accordance with applicable regulations, bonus payouts may be 1099 reportable.
• $50 minimum balance required to open You First Checking and eChecking.
• $100 minimum balance required to open Senior Plus Checking.
• Tiered Annual Percentage Yield (APY) for You First Checking with interest option is as follows: $0 – $2,499 has an APY of 0.01%, $2,500 or more has an APY of 0.03%.
• Senior Plus Checking interest is earned on balances of $100 or more with an APY of 0.05%.
• Rates are effective as of 9/11/25.
• Rates are subject to change at any time, fees may reduce earnings.

Conclusion

Although these bank promotions are rather generous, you can also utilize our list of Savings, Money Market, and CD rates.

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

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.

Check back often for more Peoples Bank Bonuses, Promotions, or Offers!