[Expired] [MD, D.C., VA] Lafayette Federal Credit Union $100 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 1/6/22: They also offer a 2% APY checking account on balances up to $25,000. Requires a monthly direct deposit of $500+.

Offer at a glance

• Maximum bonus amount: $100
• Availability: MD, D.C., VA
• Direct deposit required: Yes, no minimum specified
• Additional requirements: Use promo code
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $50, 6 months
• Household limit: None listed
• Expiration date: March 31st, 2019 None listed?

The Offer

Direct link to offer

• Lafayette Federal Credit Union is offering a bonus of $100 when you sign up for a new checking account and complete the following requirements:
  • Use promo code DD2022
  • Open account and initiate a qualified direct deposit by March 30th, 2019 and receive $50 bonus
  • Receive an additional $50 bonus after first direct deposit which is deposited within 45 days of account opening

The Fine Print

• Members who open a checking account and initiate a qualified direct deposit to Lafayette Federal Credit Union by March 30, 2019 will receive a $50 deposit to their savings account. 2An additional $50 will be awarded after first direct deposit which must be deposited no later than 45 days after account opening.
• Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking account on a month-to-month basis made by an outside organization or agency.
• Must be eligible for membership.
•  If account is closed within first 6 months, initial $50 promotional deposit will be deducted from account.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

There is no monthly fee to worry about

Early Account Termination Fee

Account needs to be kept open for 6 months otherwise a $50 fee is charged

Our Verdict

We’ve talked about Lafayette FCU because of the $600 credit card bonus they offer. In terms of this bank bonus we need to know whether it’s a hard or soft pull to open before deciding if it’s worth doing. It’s certainly not the biggest or best bonus, but it might be worth doing if it’s a soft pull. If anybody goes for it then please share your experiences in the comments below.

Big thanks to reader, Bradford N who let us know. Learn how to find bonuses and contribute to the site here.

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