Newest People’s United Bank Promotions: Best Offers, Coupons and Bonuses August 2020

Learn about the latest People's United Bank offers.

People's United is a regional bank with nearly 500 branches across New England, where it provides commercial and retail banking products as well as wealth management services. Customers who live in the six states it serves -- Connecticut, Maine, Massachusetts, New Hampshire, New York and Vermont -- have a chance to earn bonus cash and other perks from the bank's promotional offers.

Many Americans miss out on free money from banks because they don't take advantage of promotions and sign-up bonuses. In a GOBankingRates survey, more than 65% of respondents admitted they've never checked out another bank's promotions. Even more surprising, more than half didn't even know if their own bank offered promotions for accounts and products.

If you live in the People's United service area, you might want to take a look at its current promotions. Here's what this article will cover:

People's United Bank Promotions at a Glance

Here's a quick look at the latest People's United Bank bonuses and promotions:

Best People's United Bank Promotions: June 2020
AccountCash Value of BonusExpiration Date
People's United Workplace Banking$100Dec. 31
Premier Rewards American Express Card$100None
World Mastercard Real Rewards Card$25None
People's United Referral ProgramUp to $500None

Also See: Best Regional Banks of 2020

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Peoples United Bank promotions

Current People's United Bank Promotions

People's United regularly offers promotions for checking and credit card customers. There's also a bonus for existing customers who refer their family and friends to the bank. Keep reading for more details.

People's United Bank Workplace Banking: $100 Bonus

Employees of companies that partner with People's United Bank qualify for a $100 bonus when they open a checking account and meet certain program requirements. When you choose the checking account that best meets your needs you'll also receive complimentary checks and a $50 discount for a safety deposit box. Here's more:

  • Cash value: $100
  • Minimum deposit to qualify: $25
  • Expiration date: Dec. 31
  • How to get it: Use People's United Bank coupon code WPB2020 to open a new checking account and then receive at least $1,500 in direct deposits within 90 days of opening the account.
  • When you'll get it: Six to eight weeks after the initial 90-day period
  • Terms and conditions: Student Plus and health savings accounts are not eligible. People's United can take back the $100 bonus if you close your account in less than six months from opening.
  • Monthly fee: Up to $30, which can be waived when you keep the required minimum monthly balance
  • Promotion page: People's United Bank Workplace Banking bonus offer

Premier Rewards American Express Card: $100 Value

With this card, you'll earn up to four times the points for every dollar you spend on categories such as dining, travel and gas. You can redeem the points you earn toward free merchandise, gift cards or travel, or convert them to cash back. Plus, eligible customers can earn a 10,000-point bonus, which can be traded in for $100 cash. Here's how:

  • Cash value: $100
  • Minimum spend to qualify: $1,000
  • Expiration date: None
  • How to get it: Apply and get approved for the Premier Rewards card and then spend $1,000 in the first three months after opening the account.
  • When you'll get it: The funds will be deposited into your People's United Bank checking or savings account six to eight weeks after you meet the requirements.
  • Terms and conditions: Cash advances, balance transfers and convenience checks don't count toward your purchase requirements or rewards balance.
  • Annual fee: $0 for the first year; $99 per year thereafter
  • Promotion page: Premier Rewards American Express Card bonus offer

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World Mastercard Real Rewards Card: $25 Value

The People's United Bank World Mastercard awards you with 1.5 times the points for every dollar you spend. You'll be able to redeem your points toward merchandise, travel, gift cards or cash. You're also eligible for a 2,500-point bonus after sign-up, which can be redeemed for $25 cash. Here's how:

  • Cash value: $25
  • Minimum spend to qualify: One purchase of any amount
  • Expiration date: None
  • How to get it: Apply and get approved for the World Mastercard, and then make your first purchase to earn the bonus.
  • When you'll get it: Six to eight weeks after your first purchase
  • Terms and conditions: Cash advances, balance transfers and convenience checks don't count toward your purchase requirements or rewards balance.
  • Annual fee: None
  • Promotion page: World Mastercard Real Rewards Card bonus offer

People's United Bank Referral Program: Up To $500 Bonus

If you know someone who might like People's United Bank, you can earn a $50 Visa Reward Card for referrals. All you have to do is share your personal referral link with your friends and family. When they open an account and complete certain requirements, both of you get a reward. The details on the offer are below: 

  • Cash value: $50 per referral, up to $500 maximum
  • Minimum deposit to qualify: $0
  • Expiration date: N/A
  • How to get it: Refer a friend and have them register and open a new People's United Bank personal checking account. The friend has to receive a direct deposit of at least $100 or use the debit card to make at least 10 purchases worth $25 or more within 60 days of opening the account.
  • When you'll get it: Four to six weeks after all promotional offer requirements have been met
  • Terms and conditions: Qualifying direct deposits must be one of the following: payroll, Social Security, pension or government benefit. You can refer up to 10 individuals for a maximum $500 reward within a one-year period.
  • Monthly fee: N/A
  • Promotion page: People's United Bank Referral Program bonus offer

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Compare These: Best Rewards Credit Cards

How To Open a People's United Bank Account

Here are the three ways you can open a People's United bank account:

  • Visit a local branch to open an account in person.
  • Call 800-772-1090 to open an account by phone.
  • Open your account online.

The online option is the fastest and simplest way. You'll need to provide the following information:

  • Valid driver's license or state ID
  • Social Security number
  • A debit card or your routing number and bank account number to make an electronic transfer

Learn More: How to Find and Use Your People's United Bank Login

Is It Time To Check Out People's United Bank Promotions?

If you live in the bank's service area, this could be a good time to give People's United Bank a look -- especially if you like the idea of getting bonus money for opening a new account or credit card. You'll need to have good credit to qualify for one of the credit cards, so if your credit history is spotty, you're probably better off cleaning up your credit score before pursuing one of these promotions. And while offers like cash bonuses and rewards points are a great incentive, they're just the icing on the cake. First you need to make sure the bank can help you meet your financial needs and goals.

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Information on promotions is accurate as of July 28, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by People's United Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by People's United Bank.

This article has been updated with additional reporting since its original publication.

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