LAFCU Checking Promotion: $100 Bonus (MI)

LAFCU is offering residents of Michigan a $100 bonus for opening an online Checking Account by July 15, 2019 and meeting all the requirements.

To get started, bring in a minimum deposit of $5 to open an Online Checking Account by July 15, 2019. Once your account is opened you can earn the $100 bonus by setting up a direct deposit of at least $500 and making 10 debit transactions within 60 days. Finally, you will earn a $100 bonus for meeting all the requirements.

Once all the requirements are met, you will have access to a range of features to better your banking experience. If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.

Eligibility: You are eligible to join LAFCU if you live, work, worship, attend school or own a business in Michigan. For more information check out Membership Eligibility.

Credit goes to Lindsay for letting us know about this bank promotion. If you’d like to participate in our Rewards Program, simply contact us when you find a new bank promotion and get paid up to $15!

	BMO Relationship Checking: Earn $500 cash bonus + $100 digital gift card when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days. You get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards. Learn More---BMO Relationship Checking Review
	Chase Ink Business Unlimited® Credit Card: New cardholders can enjoy a welcome offer of $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening. Click here to learn how to apply--- Review
	Truist Checking: Earn $400 cash bonus when you receive at least one qualifying Direct Deposit of $500 or more AND complete at least 15 qualifying debit card purchases within 90 days of account opening. Learn More---Truist Checking Review

LAFCU $100 Bonus Info

• Direct Link to Offer
• LAFCU $100 Checking Bonus PDF Printout
• Account Type: Checking Account
  
• Availability: MI (Bank Locator)
• Expiration Date: 07/15/2019
  
• Credit Inquiry: Unknown, Let us know
• ChexSystems: Unknown, Let us know
• Opening Deposit: $5
  
• Credit Card Funding: Unknown, Let us know
• Direct Deposit Requirement: Yes
• Monthly Fee: Waived w/ eStatements
• Additional Requirements: See below
• Household Limit: 1
• Closing Account Fee: Unknown
  

What Triggers Direct Deposit? Alternative Methods

Many bank bonuses require you to make real direct deposit from your job to receive the sign up bonus. However, switching to your real paycheck can be frustrating and time consuming. You can find alternative methods below which many readers have reported to trigger direct deposit to receive the sign up bonus.

Simply set up ACH transfers from these institutions to trigger direct deposit. Again, Your Mileage May Vary(YMMV). Please help us with your experience if you find a different method or to confirm a current method for direct deposit in the comments section below.

How To Earn LAFCU $100 Bonus

1. Bring in a minimum deposit of $5 to open up your Online Checking Account.
2. Next, set up a direct deposit of at least $500 within 60 days of account opening.
3. Make 10 debit transactions within 60 days.
4. Earn a $100 bonus for setting up the direct deposit and using your debit card.

How to Avoid Monthly Fees

Online Checking Account: There are no monthly fees when you sign up for eStatements.

Bottom Line

Make sure you check out LAFCU to learn more about the $100 bonus promotion. Don’t forget, the $100 bonus will be reported on IRS Form 1099-INT. Take advantage of this offer before it expires!

Feel free comment below and let us know about how it went and  if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, check out our full list of Bank Promotions for all your banking needs.