Laurel Road Offers $540 Checking Bonus and $400 for Credit Card Referrals

Laurel Road has a $540 checking bonus and $400 for credit card referrals. A digital lending platform called Laurel Road has been a component of KeyBank since 2019. They provide a range of financial services, such as credit cards and bank accounts. They are now also providing some significant bonuses. When you establish a new checking account, you can earn $540, and you can make $400 by referring friends or relatives to apply for a credit card. Watch the process in action.

Laurel Road Checking Account Bonus

You might receive up to $540 for opening a new checking account with Laurel Road. There are two elements to the bonus:

• For the first 12 months, you will receive a $20 cash incentive for each qualifying ACH direct deposit you make and $10 for each subsequent month for as long as your account is open! 

• Additionally, a $300 welcome bonus is available. You must open a Laurel Road Loyalty Checking account by December 31, 2022, at 11:59 p.m. to qualify for this offer (ET). If you make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction totaling at least $2,500 into the Laurel Road Loyalty Checking account within the first 60 days of opening the account, the $300 will be deposited into your account within 60 days.

After you open a Laurel Road checking account, you can also tell other people to apply for credit cards.

Laurel Road Credit Card Referral Bonus

When you refer a friend to Laurel Road to refinance a student loan, finance a personal loan, or get accepted for a credit card, you can earn up to $400 for each referral. Up to 10 referrals are available annually for a total of $4,000. To take part in the referral program, referrers must have Laurel Road's Online Banking login information. With the checking account, you opened in the previous stage, you receive login credentials.

The $400 referral bonus can be earned without the new customer making any purchases. The only requirement is that students receive approval for a Laurel Road Student Loan Cashback Card; they cannot already be Laurel Road members. You might decide to divide the bonus with your friends or family members who you recommend to apply for the credit card. For instance, if you split the bonus 50/50, each side will receive $200.