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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

-100%

-100% 0% +100%
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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
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Monthly Fee $0 - $25
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $7,500
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 6 states across the USA.

Key Takeaways
  • 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 the fee is waived if you keep a minimum balance of $7500.
  • $25 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • 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
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • Only available in 6 states.
  • 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). 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 Initial Deposit $25
Minimum 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
Monthly Fee $0 - $25
Paper Statement Fee $3
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $37
Overdraft Protection Fee (per transfer) $10
Overdraft Item Fee $37
Early Account Closure $10
Returned Deposit Fee (Domestic) $15
Debit Card Replacement Fee $10
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $30
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 3%
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Outgoing) $40
Wire Transfer Fee - International (Incoming) $15
Returned Deposit Fee (International) $15
Wire Transfer Fee - Domestic (Incoming) $15
ATM Reimbursement Monthly Limit N/A

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

This account includes the following features:

  • 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

Other Services by People's United Bank

Availability

  Available in 6 states
  • Connecticut
  • Maine
  • Massachusetts
  • New Hampshire
  • New York
  • Vermont

Feature Breakdown

Minimum Initial Deposit $25
Minimum Balance to Avoid Monthly Fee $7,500
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
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
  • IRAs
  • FDIC Member
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Mobile Check Deposit

People's United Bank Advantage Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-100%

-100% 0% +100%
No one recommends Everyone recommends

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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