People's United Bank Advantage Plus or Premier Advantage $400 Bonus

This offer is expired and may no longer be available. Check out current offers from People's United Bank or all available offers instead.

People's United Bank : Advantage Plus or Premier Advantage

Bonus Amount
up to $400
Account Type
Advantage Plus or Premier Advantage
Available In Your Area?
No
Offer Expired On
October 29, 2021
Bonus Requirements
  1. Open a new Advantage Plus ($300 bonus) or Premier Advantage ($400 bonus) checking account using the promo code FALL300.
  2. Within 60 days, receive direct deposits totaling $2,500.
  3. Bonus will be credited to your account on February 1, 2022.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
Save for later
Share with a friend

If you live in Massachusetts, Connecticut, Maine, or New York, People's United Bank is offering you either $300 or $400 for opening a new Advantage Plus or Premier Advantage checking account.

The requirements to earn the bonus for either account are the same – direct deposits of at least $2,500 – but the balance necessary to keep the Premier Advantage account fee-free is significantly higher than with the Advantage Plus. So, check out both accounts for yourself before you decide which offer to take, but keep that maintenance fee in mind.

How To Earn The Bonus

The People's United Bank Advantage Plus or Premier Advantage promotion requires you to set up direct deposits in order to earn the $400 bonus. Full requirements to receive this bonus are:

  1. Open a new Advantage Plus ($300 bonus) or Premier Advantage ($400 bonus) checking account using the promo code FALL300.
  2. Within 60 days, receive direct deposits totaling $2,500.
  3. Bonus will be credited to your account on February 1, 2022.

The fine print

  • If you open the account online, it must be done through the link with the promo code automatically applied. If you open the account in-branch, you'll need to mention the promo code FALL300 to qualify.
  • Qualifying direct deposits include recurring electronic deposits of payroll, pension or government benefits (such as Social Security) from your employer or the government.
  • The account must be open, have a positive balance, and be the original account type as when it was opened at the time of the bonus payout.
  • Closing the account within 6 months will forfeit the bonus.
  • One reward per household.
  • Only available to new personal checking customers, which means any account owner cannot currently have or have had a People's United personal checking account within the last 365 days.
  • People's United Bank may change or discontinue this offer at any time.

Why People's United Bank?

People's United Bank was founded in 1988 and has 400+ physical branches across Connecticut, Maine, Massachusetts, New Hampshire, New York, and Vermont.

They offer checking and savings accounts, home and personal loans, credit cards, insurance, and investment products. Most of their rates are par for the industry, but their CDs are competitive, and their online banking and mobile apps offer a surprisingly pleasant digital experience for a bank of its size. Taking advantage of a welcome bonus if you live in one of the eligible areas is a no-brainer.

Advantage Plus Checking

Fees

Advantage Plus Checking does charge a monthly fee of $25, but there are ways to get this waived:

  • Maintain a monthly balance of $7,500.

Premier Advantage Checking

Fees

Premier Advantage Checking does charge a monthly fee of $30, but there are ways to get this waived:

  • Maintain a monthly balance of $75,000.