Answers to top questions you may have

We have matched your account to the People’s United Bank account with the most similar features and benefits. See the listing on the back of the enclosed letter for the name(s) of your account(s) at People’s United Bank as of July 27, 2019. Please review the appropriate sections in this welcome guide for highlights of your account, as well as the Retail Account Disclosure Booklet for the terms and conditions that will apply to your accounts at People’s United Bank.

Please note:

  • People’s United Bank accounts cannot be set up as “Joint without rights of survivorship.” These accounts will convert as “Joint with rights of survivorship.” Please refer to page 5 of the Retail Account Disclosure Booklet for more information.
  • We also do not support accounts that require the signature of two or more persons for a withdrawal or check drawn on the account. For more information, see page 4 in the Retail Account Disclosure Booklet.

Account numbers will remain the same for the great majority of our customers with checking, money market, savings, CDs, and IRA accounts. If you currently have checks with your account, you can continue to use your existing supply until they run out. When you re-order checks, they will include the People’s United Bank logo as well as your new Routing Transit Number (221172186).

If your account is one of the few being assigned a new account number, you will be notified in a separate mailing prior to July 27, 2019.

Yes. If you have Social Security, payroll, or other funds deposited electronically to your account, these direct deposits will continue without interruption, as will any automatic debits from your account.

No. Your transactions will be re-ordered at the end of the business day to post your deposited items before your withdrawals to help prevent Overdraft Fees. To view the posting order, please see the Retail Account Disclosure Booklet.

The terms of your safe deposit box rental agreement remain the same. You will continue to receive an annual notice regarding your safe deposit box rental fee. Previously established auto debits to pay your rental fee will continue.

Yes, existing cardholders will receive a new People’s United Bank ATM card or debit card by July 23, 2019. New credit cards will be mailed by mid-July.

At People’s United Bank, we are proud of being the official Bank for Commonwealth of Massachusetts, demonstrating our proven track-record of safeguarding public deposits and supporting the financial needs of our residents and communities state-wide and beyond. While we are unable to participate in the Depositors Insurance Fund (DIF), as a nationally chartered bank, People’s United Bank provides you with the security of knowing that your money is FDIC insured and on deposit at one of the country’s strongest and best capitalized regional financial institutions. The standard insurance coverage amount is $250,000 per depositor for each deposit account ownership category. For more information on specific coverage, visit

No, The 18-65 law applies to Massachusetts state-chartered savings banks only. However, our Plus Checking product is free of monthly maintenance charges and our Statement and Passbook savings accounts are service charge free when the primary owner of the account is under 18 or over 65.

New Routing Transit Number (RTN)

The People’s United Bank RTN is 221172186. Use this new RTN for new check orders and when setting up new recurring payments on or after July 27, 2019.

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