People's United Bank is offering a $100 gas card when you open any personal checking account and perform certain activities. The account must be opened with a minimum of $25 by 10/31/2011. They give you three choices of activities which must be completed within 60 days of account opening. You can choose any one of the following to qualify for the bonus:
- Receive a recurring direct deposit of at least $100
- Use the debit card to make at least 10 purchases of at least $25 each
- Make at least 5 payments of at least $25 each using Online Banking
The promotion is listed on the bank's home page. Here's the link to the bank's promotional webpage. Please refer to the small print on that page for the full details.
Thanks to the reader who PM'ed me news of this promotion.
On the promo page, there's a link to an online application with two checking account choices. The best one is the Plus Checking which has no monthly fee if you maintain direct deposit or if you're at least 65. The other one is the Advantage Checking which has a monthly fee unless you maintain a minimum combined deposit balance of $5,000 or if you meet some other requirements.
The bank's application lists the following geographic restriction:
Customers residing in the following states are eligible to open accounts: Connecticut, New York, Massachusetts, Rhode Island, Vermont, Maine, and New Hampshire.
People's United Bank has over 370 branches throughout these Northeast states.
You may have heard about People's United in January when they announced they intended to acquire Danversbank of Massachusetts. That acquisition was completed on June 30th, and Danversbank is now officially part of People's United. I'm happy to see Danversbank is still offering its Free Reward Checking account with a 3.01% APY on balances up to $25K. This account used to be available online to people in any state. However, this is now only a local deal.
I'm not sure if this Free Reward Checking account would qualify for this gas card promotion. If you live near a Danversbank branch and you are interested in this account, you should check with the bank.
People's United Bank is a sizable bank with $24.65 billion in assets. It has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 12.07% (above average) based on June 2011 data. Please refer to our financial overview of People's United Bank for more details. The bank has been a FDIC member since 1988 (FDIC Certificate # 27334).
Other Bank and Credit Union Bonuses
We have a new bank promotions page with a table of all of the active bank and credit union promotions. You can filter the table based on the type of promotion and based on your state. I have more details about how to use this page in this blog post.