Exclusive WorkPlace Banking Program

 

Employee benefits can be taxing on a company. With our WorkPlace Banking Program, you can build a more attractive benefits package at no additional cost. Partnering with People’s United Bank will bring expertise, convenience and money saving benefits for your business and your employees, right to your workplace!

To learn more, visit your nearest People’s United Bank branch office or contact a Business Banking expert in your region.

Our WorkPlace Banking program allows your employees to choose a personalized checking package that helps them save time and money. We’ll make direct deposit set up easy—benefiting both you and your employee. In our WorkPlace Banking program, employees will be able to take advantage of these exclusive money-saving benefits:

Personal Banking

  • A variety of checking account packages designed to help you save time and money
  • Free first order of checks1
  • Free Health Savings Account2
  • Discount on a Safe Deposit Box rental for the first year3
  • Educational tools and resources, such as the free Money Smart Financial Education program

Mortgage and Lending

  • Waived HELOC annual fee for the first year4
  • 0.25% HELOC rate discount with Auto Deduct from a People's United Bank checking account4
  • Waived mortgage underwriting fee
  • $500 mortgage closing cost credit5
  • 0.25% discount on new and used vehicle loans, personal loans and personal time loans6

Companies enrolled in our program will get additional exclusive money-saving benefits that will help your company thrive:

  • $100 discount on a check order7
  • $100 for opening a new business checking account and merchant account8
  • Waived Payroll set up fee9
  • $100 fee waiver for Business Line of Credit10
  • 50% discount off the set up fee for Mastercard BusinessCard Smart Data with a People's United Bank Business Credit Card11
  • $125 origination fee discount for a Business Term Loan12
  • $100 off Retirement Plan setup fee

Related Information


Disclaimer


1 First order only. Select styles apply.

2 The monthly service charge is waived if you are an employee of an employer enrolled in our WorkPlace Banking program and we have coded your account accordingly. There is a $2 monthly service charge for receiving paper statements. There is no fee to receive monthly e-statements. This fee is waived when you enroll for online statements only or if you have an open Advantage, Advantage Plus or Premier Advantage Checking account.

3 Safe Deposit Box contents are not FDIC insured. One $50 credit toward the annual rental fee per household.

4 Auto Deduct Rate: The 0.25% rate discount applies to Home Equity Line of Credit rates with auto deduct from a People’s United checking account. If you receive a credit line, and you continue to make your payments using auto deduct from your People’s United checking account, your margin will be .25 percentage points lower than if you do not meet this condition. If you do not meet this condition, your margin will be increased by 1/4 of 1% (0.25%). This will result in an increase in your interest rate and Annual Percentage Rate of 1/4 of 1% (0.25%). Rates are subject to change without notice. There is a $75 annual fee, which is waived for the first year of the loan with this offer. All applications are subject to credit approval. Other terms and conditions apply. This offer may be withdrawn at any time

5 Applications subject to credit approval. Offer available for new Purchase and Refinance Mortgages. Offer cannot be combined with other offers. Loan Closing Cost Credit will be deducted at closing.

6 The .25% Rate Discount applies to new and used vehicle loans, personal loans and personal time loans. Applications subject to credit approval.

7 One time discount for new or reordered checks. 

8 You will receive a one-time $100 statement credit for opening a new business checking account and a new merchant services account. People’s United Merchant Services, LLC (PUMS) is a joint venture of People’s United Bank, N.A. and Vantiv, LLC. PUMS is an indirect subsidiary of People’s United Bank, N.A. Vantiv and People’s United Bank, N.A. are not affiliated companies. Credit approval required.

9 Applies to new customer payroll set up fees only. Does not apply to delivery fees or add-on ancillary product set up fees. People’s United Bank, N.A. has a compensated referral relationship with Sage for the  purpose of providing payroll services to our business customers. Sage and People’s United Bank are not affiliated companies.

10 First year only. Application subject to approval required.

11 Smart Data is an expense management system that allows companies to monitor People's United Bank Business Credit Card account activity through reporting, cost allocation of transactions, and the ability to upload transactions to accounting systems. Business Credit Card approval required.

12 Application and approval required. Offer requires that the company is enrolled in WorkPlace Banking and has an open business checking account.

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