[CA] LA Financial Credit Union $100 Checking Bonus

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

Direct link to 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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