Open a new Laurel Road Checking account with a free debit card and no monthly maintenance fees or minimum balance requirements to earn a $500 bonus when you make qualifying ACH direct deposits totaling $2,500 or more within 60 days of opening your new Laurel Road Checking account, available nationwide when you also apply for student loan refinancing with Laurel Road.
Updated 10/20/2021 – This Offer Now Requires Student Loan Refinancing: Laurel Road now requires that you must apply for student loan refinancing in order to also open a Laurel Road Checking account, so you can no longer just open a checking account to qualify for the bonus. However, if you want to refinance your student loans, you can still get this $500 Laurel Road Checking account bonus. When this article was originally posted on 10/19/2021, you could open just a checking account, but they removed that option on 10/20/2021, although they indicated to me that they may return that option in the future.
Laurel Road Checking is available nationwide to anybody in the U.S.A., but you can only open a Laurel Road Checking account if you are refinancing your student loans with Laurel Road.
Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington D.C., and Puerto Rico.
Additional benefits of a Laurel Road Checking account including overdraft protection, no minimum opening deposit, no account maintenance fees, World Debit Mastercard benefits, including chip capabilities and no monthly or annual fee, and access to 40,000+ ATMs nationwide.
Laurel Road Checking Account $500 Bonus
Check out this Laurel Road Checking $500 Promotion to open your account online and apply for student loan refinancing with Laurel Road (you must apply for refinancing in order to open a checking account).
This Option Is Currently Not Available, but May Return in the Future: If you do not want to refinance a student loan, click the “Open an Account” button about halfway down the landing page in the “Not Ready to Refinance?” section, which should go directly to the application for Laurel Road Checking with Debit Card.
To earn the $500 bonus, you must make qualifying ACH direct deposits totaling $2,500 or more within 60 days of opening your new Laurel Road Checking account.
Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits.
The $500 bonus will be deposited into your Laurel Road Checking account within 60 days of meeting the requirements.
If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee.
This offer is subject to cancellation without notice and cannot be combined with any other offer, such as their Student Loan Refinance Bonus.
You must refinance a student loan in order to open a Laurel Road Checking account and qualify for the $500 bonus, and you can also review this Press Release where they mention the $500 cash bonus as a benefit of opening a Laurel Road Checking account during this limited-time promotion.
Please note that Laurel Road/KeyBank is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road/KeyBank. However, this offer is being advertised publicly in Google Advertising, and the promotional offer is also displayed on the Laurel Road Checking website if you visit it directly, so this is not a targeted promotion or exclusive offer that you can’t find the promo link for elsewhere.
If you do decide to apply for Laurel Road Student Loan Refinancing, you can get discounts of up to 0.55% on refinancing your student loan when you also open a Laurel Road Checking account and make recurring monthly direct deposits, but just remember that you cannot stack multiple bonus offers with Laurel Road.
The $500 Laurel Road Checking account bonus is also available from Laurel Road for Doctors if you need medical school loan refinancing.
Take advantage of this $500 bonus for opening a Laurel Road Checking account with a qualifying direct deposit and student loan refinancing.
Ron says
Looks like the bonus is tied to applying for a student loan refinancing + checking account!
There was a link “not ready to refinance” on the page which has been removed today and therefore checking account application without loan refinance application wont qualify for the bonus as I read on the forums. What is maximizingmoney’s take on this ?
MM Team says
Hello Ron,
Thanks for the update. Yesterday, when I posted this article, you could apply for only the checking account through that “not ready to refinance” section you are referencing, which I also mentioned in the article, but as you said, it looks like they have since removed that option.
I chatted with their customer service and was also told that the option to apply for a Laurel Road Checking account without applying for student loan refinancing is no longer available.
When I asked if there was an option to just apply for the checking account, they said, “There is not I apologize! This may change in the future. be sure to check back with us.”
Looks like they found out about people taking advantage of the checking account deal pretty quickly and put an end to it. I’ve updated the above article to reflect this new update. Thank you for your help.
Bob says
Anyone know what counts as dd?
Marcus says
What I normally do is I use Gatsby to DD myself. It comes through as employment income and it costs $6 to run a payroll through them. Also you can get some money for opening an account with them. You’ll need a business EIN but it’s worth it.
Ava says
How to get an EIN?