Offer at a glance
Maximum bonus amount:$100
Availability: LA Financial Credit Union is proud to serve all who live, work, study, and pray in LA County.
Direct deposit required: Yes, $500+ per month for three months
Additional requirements: None
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: $7, not avoidable
Early account termination fee: None
Household limit: None
Expiration date: None listed
The Offer
LA Financial Credit Union is offering a $100 bonus when you open a Open a Play or Flex level Spending Account and complete the following requirements:
Sign-up for direct deposit within 30 days of opening your account, with a minimum of $500 in direct deposits each month for 90 days
The Fine Print
Offer is only available to those not currently enrolled in a Play or Flex spending/checking account.
To qualify for the $100 bonus, you must be eligible for membership and a checking account based on Credit Union approval, open a Play or Flex Spending account, otherwise known as a subscription checking account, and establish direct deposit within the first 30 days of account opening, with a minimum of $500 in direct deposits per month, for a qualifying period of 90 days.
After 90 days of qualified activity, LA Financial Credit Union will post the $100 as a bonus to the member’s Primary Savings Account within 30 days.
Only one $100 bonus is given per member when opening a new subscription checking account.
Member referral bonuses are unlimited and paid separately from this program.
Offer only eligible for LA Financial members in good standing.
The offer is available for a limited time only and may be discontinued anytime.
Member must be 18 years or older to qualify.
A 1099-INT will be issued to members who receive this bonus for tax purposes.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Flex has the lowest monthly fee at $7, this isn’t avoidable.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
There is also a $100 referral bonus, if it stacks then it might be worth it. Otherwise not worth it due to the monthly fee.
Hat tip to Smurfit
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A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
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What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
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