People's United Bank
Related Posts
4/28 - People's United Bank Offers Three Competitive Plus CD Specials
4/23 - 12 Month 1.25% 18 Month 1.50% 60 Month 2.25%
6/21 - RVM Free Rewards Checking Qualification Problem For Period 05/23/2012 And Ending 06/20/2012
5/23 - Peoples United Drops Rate To 2.00% APY - No Courtesy Notice To Customers
2/29 - $50/$50 Refer-A-Friend Promo
1/27 - People's Bank Drops Rate To 2.25% (Was 2.5%) No Courtesy Notice To Customers
9/12/11 - $100 Gas Card Checking Account Promotion at People's United Bank - Northeast Only
3/15/11 - Amazon Kindle Checking Account Bonus at People's United Bank in the Northeast
2/18/10 - Competitive Long-Term CD & Savings Account Available Online at River Bank - MA & NH Only
11/9/09 - No Longer Available: 3.25% Reward Checking Account at a MA/ME Bank (Butler)
6/22/09 - 3.50% Reward Checking Account at a MA Bank (Marlborough Co-Operative)
8/17/07 - 5.55% 6-Month CD at a Massachusetts Bank (Danvers)
6/16/06 - 5.50% 9-Month CD at a Massachusetts Bank
No bounced check fees!
I have been with People's for about 5 years or so. There are times, very few though still times, that I have made a mistake on my account. Whether it was forgetting to subtract a withdrawal or a check. Needless to say, I ended up with a negative balance. I do have money direct deposited every month. And several times they did not charge me a bounced check fee. I know they don't if the negative amount is less than $5.00, but a couple times it was a little over the $5.00 maximum.
Call Center
Have been with Peoples United for about 15yrs. Generally I am pleased however, I have observed that in the last year, the call center is never available and always requires a lengthy wait for a return call from a representative. It appears that with all things, the bottom line is more important than customer service
Fine Print Gets You Every Time
they were advertising a bonus of $300 if you set up direct deposit.....unfortunately you had to have $75000 on deposit to avoid monthly fees of $30. Found this out when I went in with my wife to open the account. Interestingly, I said that I had made a mistake, and the rep told me that I didn't make a mistake, I hadn't been told until I sat down!
I see it as a mistake on my part, but wow, what an admission on their part!
Did not open account.
An Online Bank To Avoid
This bank once had competitive rates for savings as well as CDs but that all changed after the merger. Their current rates are only slightly better than keeping your money under the mattress and their customer service or lack there of is abominable. I was locked out my account because it was deemed “dormant” and was sneakily charged a monthly $5 dollar maintenance fee. I spend several hours calling their published numbers but was instead diverted to a telemarking call center in India! I attempted to pull some funds out to a linked account via ACH transfer but was assessed a $37.50 charge for an overdraft. After several more hours of trying to contact the bank I was finally able to log in and confirm what was left of my balance after all of their exorbitant fees were subtracted. Now that my account is zeroed out all I want to add is good riddance to this awful bank!
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 588 |
| Year Established | 1856 |
| Employees | 16517 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.23% |
| Return on Equity - YTD | 11.18% |
| Annual Interest Income | $1.02B |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $150.1B$124.1B |
| Loans | Q1 2021vs Q1 2020 | $97.57B$92.63B |
| Deposits | Q1 2021vs Q1 2020 | $129.8B$101.8B |
| Equity Capital | Q1 2021vs Q1 2020 | $16.14B$15.30B |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.63B$1.38B |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $1.93B$1.07B |
| Real Estate Owned | Q1 2021vs Q1 2020 | $29.3MM$83.1MM |
