Lake Michigan Credit Union $100 Referral Checking Bonus

Offer at a glance

Maximum bonus amount: $100
Availability: $5 donation to ALS works for anybody to join. Out of state requires appointment to open account.
Direct deposit required: Yes, two or more recurring direct deposits totaling $500 or more for 60 days
Additional requirements: See below
Hard/soft pull: Hard (TransUnion)
ChexSystems: Mixed reports
Credit card funding: $50 (Previously it was $15,000)
Monthly fees: None
Early account termination fee: None
Household limit: none
Expiration date: April 4, 2025

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

Direct link to offer

Lake Michigan Credit Union is offering a $100 referral bonus when you open a new checking account and complete the following requirements:
- Your friend opens an LMCU checking account and holds two or more recurring direct deposits totaling $500 or more for 60 days.

The Fine Print

All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees

Early Account Termination Fee

Unsure if there is any EATF.

Our Verdict

You can find and share your referral links here. Requirements are relatively easy to meet but it’s a hard pull. Probably worth doing if you can refer a few people.

Hat tip to reader scott

Useful posts regarding bank bonuses: