Connecticut-based People’s United Bank has revived its $100 Checking Bonus, valid through February 2, 2016.
In addition to being available only in Connecticut, New Hampshire, New York, and Vermont, the $100 Checking Bonus is only being offered at the Bank’s Stop & Shop in-store branch locations. For those not familiar with the brand, Stop & Shop is the largest supermarket chain operating in southern New England.
The $100 Bonus promotion is not listed on the website, but CSR stated there is a flyer available at the participating branches detailing the offer. CSR also stated the $100 Bonus should post within three months of the February 2, 2016 expiration date, if the requirements have been met.
Requirements for the $100 Checking Bonus
- Have at least one direct deposit of at least $100 within 60 days of account opening, OR
- Make at least 10 debit card purchases of $25+ each within 60 days of account opening.
- Not available to those having a People’s United personal checking account in the last 90 days.
- Direct deposits must payroll, social security, pension and government benefits; PayPal transactions are specifically excluded.
- Cannot be combined with any other offer.
People’s United Bank offers five different checking accounts Plus Checking, ePlus Checking, Advantage Checking, Premier Advantage Checking, and Student Plus Checking.
People’s United Bank is headquartered in Bridgeport, Connecticut, and offers its services and product line to residents of Connecticut, Massachusetts, Maine, New Hampshire, New York, and Vermont.
As mentioned earlier, the $100 Checking Bonus is available only in Connecticut, New Hampshire, New York, and Vermont Stop & Shop in-store branch locations.
The easiest way to locate a participating People’s United Bank branch is by using the Stop & Shop Store Locator. Simply enter the desired Zip Code and further refine your search by clicking on "Bank."
People’s United Bank has an overall health rating of "A+" at DepositAccounts.com, with a Texas Ratio of 4.78% (excellent), as of September 30, 2015. In the past year, People’s United Bank increased its total deposits by $3.02 Billion, an excellent annual growth rate of 11.94%. Please refer to our financial overview of People’s United Bank for more details.
A subsidiary of People’s United Financial, Inc., People’s United Bank (FDIC Certificate # 27334) was founded in 1842 and is a community-based, regional bank in the Northeast. With assets in excess of $37 Billion, People’s United Bank is the largest bank in Connecticut and the 44th largest bank in the nation.
People’s United Bank was originally chartered as the Bridgeport Savings Bank on December 24, 1842. At a time when most banks served only commercial businesses, People's United defined itself as a bank for the middle class. Deposits at the end of the first week of business totaled $97 and the bank's first employees were leading citizens in Bridgeport, Connecticut who accepted no salaries. It was ten years before a clerk was hired at $2 per week.
Other Bank Promotions and Bonuses
Not eligible for the People’s United Bank $100 Checking Bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.