- The cash reward applies only when a "New Customer" opens a new personal People's United checking account with Direct Deposit between 4/1/10 and 5/21/10.
- The minimum deposit to open the account and earn the reward is $25.
- Limit of $100 in reward money per household.
- Qualifying New Customers' accounts will receive the reward credited to the checking account by 7/30/10.
- Reward will be subject to tax reporting
- New Customer must receive at least one direct deposit of $100 or greater into the checking account within 45 days of account opening.
You can avoid a monthly fee on the bank's Plus Checking Account with one of the following: 1) direct deposit, 2) 65 or over, or 3) $100 minimum daily balance.
The instructions give two options to open an account: 1) at a branch or 2) by phone (1-800-772-1090). It appears to be a local deal. People's United Bank has branches throughout Connecticut. Also, the bank has branches throughout Vermont, New Hampshire, Maine, Massachusetts and New York under several bank divisions:
- Chittenden Bank
- Flagship Bank
- Maine Bank & Trust
- Merrill Bank
- Ocean Bank
- The Bank of Western Massachusetts
People's United Bank has been a FDIC member since 1988 (FDIC Certificate # 27334).
Credit for this find goes to this SD thread.
Other Bank Bonuses
To find other bonus deals at other banks, please refer to my bank bonus page which has all of my recent bank bonus posts.