"Advantage Plus" from Peoples Bank

The Basics

Minimum Opening Deposit
 
$25.00
A $25.00 deposit is required to open this account.
Monthly Service Fee
 
$20.00
The Monthly Service Fee of $20.00 can be waived by maintaining an combined average daily balance of $5,000.00.

Debit Cards & Using ATMs

Debit Card $0.00/yr
ATM Fee Rebates
 
Yes
This account includes rebates of any out-of-state ATM fees you incur when you use a non-affiliated ATM outside of CT.
Rebates are credited to your account at the end of the statement cycle.
Non-affiliated ATM Usage Fee $0.00
International ATM Usage Fee Show Details
There is an additional 1% fee for international transactions.

Electronic & Telephone Banking

Online Banking Free
Email Alerts
 
Included with online banking
This Email Alert feature enables you to receive:
- Warnings when your balance falls below a certain threshold;
- Notice of deposits or withdrawals over a certain threshold;
- An email to let you know there's a secure message for you in Online Banking.
Activity Download
 
Included with online banking
You can download 1 year of transaction history in the following formats:
- Quicken and Microsoft Money - QIF file (4 digit).
People's does not provide support for this service.
Online Billpay Free
Automated Phone Banking Free

Checks & Statements

Unlimited Check Writing Yes
Free or Discounted Checks
 
Yes
Checks in certain styles are free for the life of the account. Other styles receive $15 discount.
Monthly Paper Statements Yes
Check Images with Statements Included
Electronic Statements No
Online Check Images
 
Yes
Images of canceled checks can be viewed online for 1 year.

Overdrawing the Account

Insufficient Funds Fee
 
$33.00/per item
The Insufficient Funds Fee is $33.00 per overdraft.
Overdraft Protection
 
Available
This checking account has one option for Overdraft Protection.
From a linked Overdraft Line of Credit:
- Monthly fee of $1.50;
- Funds are transferred to bring the account balance to $0.00.

Savings and Money Market Accounts

Linked Savings
 
No Fee
'Linked Savings' requires $1.00 to open and $1.00 to earn interest.
Current APY Information:
- 0.30% at minimum balance to earn interest;
- 0.30% at minimum balance to avoid fees;
- 0.30% at $25,000.00
Linked Money Market
 
No Fee
'Linked Money Market' requires $2,500.00 to open and $0.00 to earn interest.
Current APY Information:
- 0.30% at minimum balance to earn interest;
- 0.30% at minimum balance to avoid fees;
- 0.75% at $25,000.00

How does Peoples Bank Compare?

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We conduct our own research for the largest US banks and we audit the information provided by community banks and credit unions.

Our branch location database is sourced from the FDIC and is updated with information provided by banks and credit unions.

We make best efforts to maintain accurate data, but we suggest you verify this information prior to opening an account.

All deposit accounts in FindABetterBank are insured by the FDIC or NCUA.

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