Earn Up to $500 in Checking Bonuses at Popular Community Bank
Now through October 31, 2017, Popular Community Bank (PCB) is offering up to $500 in bonuses when opening a new Popular Prestige or Popular Everyday checking account.
Bonus Requirements
It’s possible to earn $200, $300, or $500 in bonuses:
- $200 bonus for establishing a recurring monthly direct deposit within 60 days of account opening.
- $300 bonus for depositing $10k+ of new money (defined as “deposits not previously held with Popular Community Bank”) and maintaining that balance for 60 days.
- $500 bonus for fulfilling the requirements for both the $200 and $300 bonuses.
Limitations
- If the direct deposit requirement is met, the $200 bonus will be deposited within 90 days of account opening.
- If the $10k new money deposit requirement is met, the $300 bonus will be deposited within 90 days of account opening.
- Account must be open and in good standing to receive any bonus.
- One bonus per customer, per lifetime.
- If the account is closed within six months of account opening, a $25 early termination fee will be assessed.
Popular Everyday Checking
The Everyday Checking account has the potential to be fee free and is probably the easier of the two checking accounts to open and maintain, while qualifying for a bonus.
- $25 minimum opening deposit.
- $2 paper statement fee waived with electronic statements.
- $10 monthly service fee can be waived with an average monthly $1k balance or a minimum $750 direct deposit.
Popular Prestige Checking
The Prestige Checking account is an interest bearing account with tiered rates. This account also qualifies for the Popular Rewards program, which offers a variety of monthly rebates.
| APY | MIN | MAX | INSTITUTION | PRODUCT | DETAILS |
|---|---|---|---|---|---|
| 0.03*†% | $100k | - | Popular Bank | Popular Prestige Checking | |
| OTHER TIERS: 0.01% → $0 - $25k | 0.02% → $25k - $100k | |||||
- $25 minimum opening deposit.
- $2 paper statement fee waived with electronic statements.
- $12 monthly service fee can be waived with an average monthly $2k balance or a combined average monthly $5k balance between the Prestige Checking and other deposit accounts.
Availability
Headquartered in New York City, Popular Community Bank’s market area includes the greater New York Metropolitan area, Northern New Jersey, and South Florida. According to PCB’s online application, residents within the market area who have a valid Social Security number are eligible to open an account.
Applying for the bonus can be done online, or at any of 50 full-service branches located in South Florida (11), Northern New Jersey (6), and the New York boroughs of The Bronx (5), Brooklyn (9), Manhattan (15) and Queens (5).
Bank Overview
Popular Community Bank has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.70% (excellent) based on March 31, 2017 data. In the past year, PCB has increased its total non-brokered deposits by $971.84 million, an excellent annual growth rate of 19.57%. Please refer to our financial overview of Popular Community Bank (FDIC Certificate # 34967) for more details.
Popular Community Bank was established in the United States in 1961, but its parent company, Popular, Inc., has been part of banking industry in Puerto Rico, the Caribbean, and Latin America since 1893. As the 13the largest bank headquartered in New York, Popular Community Bank has assets in excess of $8.8 billion and more than 234,000 customer accounts.
How the $300 Bonus Compares
Assuming a 3-month timeline ($10k new money on deposit for 60 days + 30 days to receive the bonus), with no monthly service fee,
- $10k for 90 days in a Popular Everyday checking account = $300 bonus
- $10k for 90 days in a savings account earning 1.30% = $32 interest
Other Bank Promotions and Bonuses
Not eligible for Popular Community Bank’s 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.
