Peoples Bank
Peoples Bank Interest Plus Checking $150 Bonus
Peoples Bank pays you $150 when you open a new Interest Plus Checking account. You earn a $25 credit each of the first 6 monthly analysis cycles (up to $150 total) by staying enrolled in eStatements, receiving at least 1 direct deposit, and making 5 or more debit card purchases each cycle. Available in OH, WV, KY, VA, MD, and DC.
- Bonus amount
- $150
- Expires
- Not listed
- Time to complete
- ~180 days
- Bonus deposited in
- ~210 days
- Difficulty
- Easy
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money
Requirements
Last verified: Oct 3, 2026
Open Interest Plus Checking
Open a new Interest Plus Checking account online or in branch with a $25 minimum deposit.
Meet monthly cycle requirements for 6 cycles
For each of the first 6 monthly analysis cycles following account opening, be enrolled in eStatements as of cycle end, receive at least 1 direct deposit transaction, and make 5 or more debit card purchases (ATM transactions excluded). Each cycle pays $25, up to $150 total.
Each of the first 6 monthly analysis cycles that you meet the requirements, Peoples Bank credits $25 to the account, for up to $150 total over about 6 months.
Account Details
- Maintain a minimum daily balance of $2,500 or more per monthly analysis cycle
- Have an active related enrolled secured consumer loan (e.g. mortgage or auto loan)
Eligibility
- Limited to one new checking account per customer.
- Open by applying online or visiting a branch in OH, WV, KY, VA, MD, or Washington, D.C.
Tips & Gotchas
- →The $150 is paid in six separate $25 credits, one per monthly analysis cycle. Missing a cycle's requirements only costs that cycle's $25, not the whole bonus.
- →You need eStatements enrollment, at least 1 direct deposit, and 5+ debit card purchases each cycle. There is no stated dollar minimum on the direct deposit itself.
- →Avoid the $10 monthly fee by keeping a $2,500+ average daily balance, or by having an active enrolled secured consumer loan (like a mortgage or auto loan) with Peoples.
- →Available to residents applying online or in branch in OH, WV, KY, VA, MD, or Washington D.C.
Can You Earn This Bonus Again?
Fine Print
Limited time offer. Your account must remain open during each of the monthly analysis cycles. A minimum of $25 is required to open an account. Limited to one new checking account per customer. Offer is considered interest and will be reported on IRS Form 1099-INT (or Form 1042-S, if applicable). Rates and offer dates subject to change without notice and offer may be withdrawn at any time. Fees may reduce earnings on the account. Verified live on peoplesbancorp.com 2026-09-03.
Taxable income · Reported on 1099-INT
Related Articles
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
What is a fee waiver?
A condition you can meet to have the monthly maintenance fee on an account waived.
Also see: this month's best bank bonuses and community DD data points.
We may earn a commission if you open an account through the link above. This doesn't affect our recommendations. See how we make money