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  People's United Bank Advantage Checking

People's United Bank Advantage Checking

in Checking Accounts from People's United Bank · Member fdic

Unaffiliated

People's United Bank Advantage Checking

Unaffiliated

in Checking Accounts from People's United Bank · Member FDIC

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Monthly Fee $0 - $25
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0%

People's United Bank Advantage Checking Review

People's United Bank Advantage Checking is offered by People's United Bank, a bank founded in 1842 and based in Bridgeport, CT. People's United Bank Advantage Checking is available in 50 states (and Washington, DC).

Key Takeaways
  • $300 Bonus offer. Open a new account and you can get up to $300 if you deposit a minimum of $2,500 (see terms and conditions for more details).
  • 0% APY. As with most checking accounts, People's United Bank Advantage Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $25, but there are ways to waive the fee.
  • No ATM fees. People's United Bank Advantage Checking does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
  • Free bill pay. Pay your bills to practically anyone in the United States through People's United Bank.
  • Hard credit pull. People's United Bank may require a hard pull on your credit report to open a checking account.
People's United Bank Advantage Checking Pros & Cons
Pros Cons
  • Generous signup bonus.
  • Available in all 50 states.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Does not earn interest
  • Higher than average wire transfer fees.
  • Monthly service charge.
People's United Bank Advantage Checking FAQ

Are checking accounts from People's United Bank federally insured?

Yes, your People's United Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27334). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does People's United Bank Advantage Checking offer?

People's United Bank Advantage Checking is not an interest-bearing account.

What are the account minimums for People's United Bank Advantage Checking?

People's United Bank Advantage Checking requires a minimum initial deposit of $25 to open an account.

People's United Bank Advantage Checking Account Minimums
Description Amount
Minimum Opening Deposit $25
Minimum Combined Balance to Avoid Monthly Fee $7,500

What fees does People's United Bank Advantage Checking charge?

This account charges a monthly maintenance fee of up to $25.

People's United Bank Advantage Checking Fees
Description
ATM Fee: In-Network $0
Check Image Service $3
Debit Card Replacement Fee $10
Early Account Closure $10
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $25
NSF Fee $37
Online Bill Pay Fee $0
Overdraft Item Fee $37
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $40
ATM Fee: Out-of-Network $0

What features and perks does People's United Bank Advantage Checking offer?

This account includes the following features:

  • Bonus offer - Open an account and you may receive a bonus of up to $300 if you deposit a minimum of $2,500.
  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - People's United Bank Advantage Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - People's United Bank Advantage Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   850 Main Street
    Bridgeport, CT 6604
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:30pm
  • Tuesday 8:00am - 5:30pm
  • Wednesday 8:00am - 5:30pm
  • Thursday 8:00am - 5:30pm
  • Friday 8:00am - 5:30pm
  • Saturday Closed

Other Services by People's United Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $7,500
Minimum Opening Deposit Starting at $25
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
Check Image Service $3
Debit Card Replacement Fee $10
Early Account Closure $10
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $25
NSF Fee $37
Overdraft Item Fee $37
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $3
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $40
Bank Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • ATM Reimbursement
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • FDIC Member
Signup Bonus Starting at $300
Signup Deposit Requirement $2,500

People's United Bank Advantage Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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