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).

• $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.

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.

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

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

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.