Find an updated list of Laurel Road promotions, bonuses, and offers here. Current offers include $540, $200, $300 and $400 checking, savings bonuses and referral.
Laurel Road offers $100 checking bonus with a new checking account and set up direct deposit. You can also earn a $20 bonus each month for the first year (second statement cycle through 13th and $10 each month thereafter) when you make one or more direct deposits totaling at least $2,500 within 60 days after account opening.
About Laurel Road
Laurel Road is a digital banking platform and brand of KeyBank that provides tailored solutions to support the financial well being of healthcare and business professionals.
Laurel Road High Yield Savings $200 Bonus
Earn up to a $200 bonus with a Laurel Road High Yield Savings account.
How to earn it:
- Open a High Yield Savings account before 4/30/2024
- Deposit at least $1 in the first 20 days of account open
- Have at least $5,000 in your account by day 90 after open
- Bonus tiers:
- $50 bonus – Deposit total between $5,000–$14,999.99
- $100 bonus – Deposit total between $15,000–$29,999.99
- $200 bonus – Deposit total more than $30,000+
- Terms:
- Must deposit a minimum of $1 within the first 20 days and must have the relevant tiered account balance on the 90th day.
- Referred cannot be an existing or prior Laurel Road member in the last twelve (12) months.
- Referrer and Referred must be U.S. citizen(s) and/or permanent resident(s).
(FDIC Insured)
Laurel Road Up to $340 Checking Bonus
- What You’ll Get: $100 + $20/mo. for 1st Year (Up To $340)
- Account Type: Checking Account
- Availability: Nationwide
- Direct Deposit Requirement: Yes, $2,500+ within 60 days (see what works)
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown, sensitive
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: $25 is closed within 180 days
- Household Limit: None listed
(Expires 04/04/2024)
Editor’s Note: There is an alternative link to earn the bonus bonus for nurses.
BMO Relationship Checking ($400 Bonus) | U.S. Bank Smartly® Checking ($400 bonus) |
Chase Private Client ($3,000 Bonus) | KeyBank Checking ($200 bonus) |
TD Bank Beyond Checking ($300 Bonus) | Fifth Third Bank Preferred Checking ($325 bonus) |
How to Earn Bonus
- For a limited time, you can earn a $100 bonus when you make qualifying ACH direct deposits totaling $2,500 or more within 60 days of opening your new Laurel Road Loyalty Checking account.
- Receive up to an additional $240: You can earn a $20 cash reward for every month you make qualifying ACH direct deposits during the first 12 months, and $10 for every month after that – for as long as your account is open!
- Primary account holder is eligible to earn monthly rewards of $20/month from the second through thirteenth statement periods, which is considered your “first year.” From the fourteenth statement period onward, the eligible reward will be $10/month for as long as the Laurel Road Loyalty Checking account (“Account”) is open. To earn monthly rewards, you must make qualifying Automated Clearing House (ACH) direct deposits into the Account totaling at least $2,500 during the statement period. Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits. Rewards will be deposited into your Account in the statement period after they are earned. Only one Loyalty Checking account per primary account holder. Cannot be combined with other checking bonus, reward, or rate discount offers, excluding any promotional offer for opening the Account. If you were previously the primary owner on another Laurel Road Checking account at any time during the prior 24 months, rewards are limited to $10 per statement period during the life of your account. The value of the monthly rewards may be reported to the IRS on Form 1099-INT. Accounts must be in good standing and cannot be closed at the time of reward payment. Offer is subject to change without notice.
- You must open a Laurel Road Loyalty Checking account by 04/04/2024 at 11:59 p.m. (ET) and make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Laurel Road Loyalty Checking account totaling at least $2,500 within the first 60 days after account opening to receive the $100, which will be deposited into your account within 60 days of meeting requirements. Qualifying Direct Deposits – A direct deposit from an employer payroll, payroll provider service, or benefits payer (such as Social Security or Military Pay), pension, and must be clearly identifiable to Laurel Road as such. Non-Qualifying Deposits – Person to Person payments such as but not limited to (Zelle, PayPal, Cash App, or Venmo). Mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions. In addition, any deposit to which Laurel Road deems to not be a qualifying direct deposit. You are not eligible for the bonus if you were the primary owner on any Laurel Road checking account within the prior 24 months before opening the new checking account. The bonus value may be reported to the IRS on Form 1099-INT. Accounts must be in good standing and cannot be closed at the time of bonus payment. Offer is subject to cancellation without notice and cannot be combined with any other checking account bonus offer. Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road. Click here for current Laurel Road Loyalty Checking Rates. Normal account service charges and miscellaneous charges may apply to the Laurel Road Loyalty Checking, which may reduce earnings.
- $340 can be earned by qualifying for up to $240 in rewards your first year combined with the $100 welcome bonus. Primary account holder is eligible to earn monthly rewards of $20/month from the second through thirteenth statement periods, which is considered your “first year.” From the fourteenth statement period onward, the eligible reward will be $10/month for as long as the Laurel Road Loyalty Checking account (“Account”) is open. To earn monthly rewards, you must make qualifying Automated Clearing House (ACH) direct deposits into the Account totaling at least $2,500 during the statement period. Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits. Rewards will be deposited into your Account in the statement period after they are earned. Only one Loyalty Checking account per primary account holder. Cannot be combined with other checking bonus, reward, or rate discount offers, excluding any promotional offer for opening the Account. If you were previously the primary owner on another Laurel Road Checking account at any time during the prior 24 months, rewards are limited to $10 per statement period during the life of your account. The value of the monthly rewards may be reported to the IRS on Form 1099-INT. Accounts must be in good standing and cannot be closed at the time of reward payment. Offer is subject to change without notice. For the $100 welcome bonus, you must open a Laurel Road Loyalty Checking account by 04/04/2024 at 11:59 p.m. (ET) and make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Laurel Road Loyalty Checking account totaling at least $2,500 within the first 60 days after account opening to receive the $100, which will be deposited into your account within 60 days of meeting requirements. Applications are subject to approval and processing times. Click here for current Laurel Road Loyalty Checking Rates. Normal account service charges and miscellaneous charges may apply to the Laurel Road Loyalty Checking, which may reduce earnings. Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits. Limit one bonus per qualifying account and per individual. If you were the primary owner on any Laurel Road checking account within the prior 24 months before opening the new checking account, you are not eligible for the bonus offer. The value of the bonus may be reported to the IRS on Form 1099-INT. Accounts must be in good standing and cannot be closed at the time of bonus payment. Offer is subject to cancellation without notice and cannot be combined with any other checking account bonus offer. Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road.
Laurel Road $300 Checking Bonus (Student Loan Refinance Required)
For residents, Laurel Road is offering you an opportunity to earn $300 bonus! Simply open an account and make a direct deposit. Take advantage while you can.
- Account Type: Checking Account
- Availability: Nationwide
- Direct Deposit Requirement: Yes
- Monthly Fee: None
- Early account termination fee: $25
(Expires 01/08/2024)
U.S. Bank Smartly® Checking ($400 bonus) | Truist Checking ($400 bonus) |
BMO Smart Money Checking ($250 bonus) | BMO Smart Advantage Checking ($250 bonus) |
Bank of America ($200 bonus offer) | Chase Total Checking® ($300 bonus) |
Fifth Third Bank Momentum® Checking ($325 bonus) | SoFi Checking and Savings ($325 bonus) |
KeyBank Key Select Checking ($200 bonus + $100 Bonus) | KeyBank Key Smart Checking ($200 bonus) |
How to Earn Bonus
- Open a Laurel Road Checking account simultaneously while refinancing your student loan with Laurel Road.
- Make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Laurel Road Checking account totaling at least $2,500 within the first 60 days after account opening
- You must open a Laurel Road Checking account simultaneously while refinancing your student loan with Laurel Road by 01/08/2024 at 11:59 p.m. (ET) and make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Laurel Road Checking account totaling at least $2,500 within the first 60 days after account opening to receive the $300, which will be deposited into your account within 60 days of meeting requirements.
- Applications are subject to approval and processing times. Click here for current Laurel Road Checking Rates.
- Normal account service charges and miscellaneous charges may apply to the Laurel Road Checking, which may reduce earnings.
- Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits.
- Limit one bonus per qualifying account and per individual.
- If you were the primary owner on any Laurel Road checking account within the prior 12 months before opening the new checking account, you are not eligible for the bonus offer.
- The value of the bonus may be reported to the IRS on Form 1099-INT.
- Accounts must be in good standing and cannot be overdrawn or closed at the time of bonus payment.
- Offer is subject to cancellation without notice and cannot be combined with any other bonus offer.
- Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road.
Laurel Road Referral Program: Up To $400 Bonus
For each friend you refer, you can earn $400 per referral when they refinance a student loan, finance a personal loan, or get a credit card.
Max 10 referrals per year for $4,000 total. You have the capability to split the referral bonus with the new applicant E.G you’ll each get $200 bonus from the $400.
See the Laurel Road referral program page here.
Bottom Line
Laurel Road is offering tons of promotions like checking bonuses. The steps to follow are easy and fast, so be sure to take advantage today while you can. If you have student loans, refinancing with Laurel Road might be your best option, but be sure to compare rates to other lenders.
Compare Laurel Road with the promotions available from SoFi here.
*Compare Laurel Road Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!*
Additionally, leave a comment below informing us about your experience with the Laurel Road. See our best bank promotions page to learn more.
Matt says
Just got my new account denied. Laurel Road said it was due to ChexSystems. Looks like the “Unknown” should be changed to “Yes”.
Kevin says
Thanks my dude. Saved me some time
AJ White says
Please note:
This bonus is ONLY available with a student loan refi.
Martha,
If you want a screenshot of chat conversation, please email me directly. Thank you. -AJ