Momentum Checking & Savings

Time to Upgrade Your Checking

Make spending fun and savings easy with PeoplesBank Momentum Checking & Savings account. Because when you spend you save. Every purchase you make with your checking debit card will be rounded up to the nearest dollar, and the change will be deposited straight into your Momentum Savings account. It’s like a modern piggy bank, and it can add up to serious savings over time. Want to upgrade your current PeoplesBank Checking account to a Momentum Checking account? Simply stop by one of our Financial Centers or contact our Client Care Center at 888-846-1970 or


Save even more and enjoy extra rewards when you meet direct deposit requirements or add a reward credit card. Read the complete details below, calculate your annual savings with the rewards calculator, and visit our FAQs to see how it works.

Ready to open an account? It only takes 5 minutes to open online AND you’ll earn $200**!

Open An Account Now And Earn $200! 

Spend. Save. Repeat.

Starting Features

All Momentum account holders enjoy these great benefits!

  •  Round Up Savings: Every time you make a purchase with your Momentum Checking account debit card, we’ll round up the total to the nearest dollar and put the change into your Momentum Savings account.*
  • Go Paperless & Save: No monthly fee when you choose paperless e-statements.1 We’ll also waive our fee on all non-PeoplesBank ATMs when you withdraw cash with your Momentum Checking & Savings card.
  •  Online Convenience: Enjoy free mobile deposits, free bill pay, and free personal finance tools online.
  •  Instant Issue Debit Card: If you open an account at one of our financial centers, you’ll leave with a ready to spend, ready to save temporary debit card.2


Extra Rewards

Enjoy extra rewards when monthly direct deposits total $2,500 in a statement cycle.

  •  0.5% Cashback: Use your debit card online or select “credit” in store to get 0.5% cashback directly in your Momentum Savings account.3
  •  ATM Refunds: We’ll refund up to $10 a statement cycle for all fees accrued by other financial institutions at non-PeoplesBank ATMs.


Max Cash Rewards

Get more value with PeoplesBank’s rewards credit card the Max Cash Preferred Card.4

  •  Big Cashback Rewards: Earn up to 5% cash back in 2 categories you choose; 2% unlimited cash back on one everyday category and 1% unlimited cash back on all other eligible purchases when you use this Visa® credit card.5
  •  Link to Momentum: Your credit card cash back rewards can be directed straight to your Momentum Savings account.


*Round-up savings feature may be suspended at the clients request.
**Personal Checking Account Bonus
Amount of Bonus & Minimum Requirements
You may earn a $200 bonus if you are new or existing client to PeoplesBank and have not had a personal checking account relationship with PeoplesBank in the past 24 months.  To earn the $200 bonus, the following requirements must be met:
1) You must open a new personal checking that is one of the following product types: PrimeTime or Momentum.
2) This new checking account must be your first personal checking account relationship with PeoplesBank in the past 24 months.
3) You must receive at least one direct deposit in the amount of $350 or more to your newly opened PeoplesBank checking account within 45 days of the account opening.
Minimum Balance Requirement
A minimum deposit of $25.00 is required to open all checking accounts.
Payment of Bonus
The bonus will be paid in the form of a statement credit provided within 2 statement cycles after all of the requirements have been met.
Timeframe to Obtain Bonus
The bonus is a limited time offer and will expire on or before January 31, 2022.  PeoplesBank reserves the right to withdraw the offer at any time.
1) No monthly fee when you opt into e-statements; if you choose to not opt in, paper statements are $5 per statement cycle.
2) Some restrictions apply.
3) Monthly direct deposit of $2,500 required for cashback rewards and ATM refunds.
4) The Elan Rewards Program is subject to change. Rewards are earned on eligible net purchases. Net purchases are purchases minus credits and returns. Not all transactions are eligible to earn rewards, such as Advances, Balance Transfers and Convenience Checks. Upon approval, see your Cardmember Agreement for details. You may not redeem rewards, and you will immediately lose all of your rewards, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death).
5) Cardmember must initially enroll into categories of their choice, or all net purchases will earn no more than 1% cash back. Categories are subject to change. You will earn 5% cash back on your first $2,000 in combined net purchases each calendar quarter in your two chosen 5% categories and unlimited cash back in your 2% category. All other net purchases earn 1% cash back. Transactions qualify for 5% or 2% cash back based on how merchants classify the transaction. Upon approval, full details will be provided in your Cardmember Agreement. Cash rewards can be redeemed as a deposit to a checking or savings account with this Financial Institution only, which will be deposited within seven business days, or as a statement credit to your credit card account, which will be deposited within one to two billing cycles or as a Rewards Card ($25 minimum redemption). Cash rewards do not expire as long as the account remains active. If there is no reward, purchase, or balance activity on your account for 12 statement cycles, your cash rewards balance will expire. The creditor and issuer of this card is Elan Financial Services, pursuant to a license from Visa U.S.A. Inc.

Open Your Account and Earn $200!

Right now, when you open a PeoplesBank Momentum Checking account, you can earn $200 by establishing a direct deposit of $350 or more within 45 days of account opening.

Learn More


Ready to earn Max Cash Rewards?

Apply today for PeoplesBank’s rewards credit card – the Max Cash Preferred Card.

Learn More

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