Laurel Road Bonuses: $200, $540 Checking, Savings, Referral Promotions (Nationwide)

Find the latest Laurel Road promotions, bonuses, and offers here.

Update 9/6/24: The up to $540 checking bonus has been extended through 10/15/24.

Laurel Road Bonuses Review

Laurel Road is a digital banking platform and brand of KeyBank, that focuses on providing financial services that are tailored to support the financial wellbeing of healthcare and business professionals.

Laurel Road High Yield Savings $200 Bonus

Earn up to a $200 bonus with a Laurel Road High Yield Savings account.

How to earn it:

• Open a High Yield Savings account before 01/10/2025
• Deposit at least $1 in the first 20 days of account open
• Have at least $5,000 in your account by day 90 after open
• Bonus tiers:
  • $50 bonus – Deposit total between $5,000–$14,999.99
  • $100 bonus – Deposit total between $15,000–$29,999.99
  • $200 bonus – Deposit total more than $30,000+
• Terms:
  • Must deposit a minimum of $1 within the first 20 days and must have the relevant tiered account balance on the 90th day.
  • Referred cannot be an existing or prior Laurel Road member in the last twelve (12) months.
  • Referrer and Referred must be U.S. citizen(s) and/or permanent resident(s).

(FDIC Insured)

Laurel Road $540 Checking Bonus

• What you’ll get: $540 Bonus
• Eligible account: Laurel Road Checking
• Availability: Nationwide
• Credit Inquiry: Unknown
• Direct Deposit Required: Yes
• Monthly Fee: $0
• How to earn it:
  • For a limited time, you can earn a $300 bonus when you make qualifying ACH direct deposits totaling $2,500 or more within 60 days of opening your new Laurel Road Loyalty Checking account.
  • Receive up to an additional $240: You can earn a $20 cash reward for every month you make qualifying ACH direct deposits during the first 12 months, and $10 for every month after that – for as long as your account is open!

Editor’s Note: Here is an alternative link of this offer for nurses.

(Expires 10/15/2024)

Fine Print

• $540 can be earned by qualifying for up to $240 in rewards your first year combined with the $300 welcome bonus. Primary account holder is eligible to earn monthly rewards of $20/month from the second through thirteenth statement periods, which is considered your “first year.” From the fourteenth statement period onward, the eligible reward will be $10/month for as long as the Laurel Road Loyalty Checking account (“Account”) is open. To earn monthly rewards, you must make qualifying Automated Clearing House (ACH) direct deposits into the Account totaling at least $2,500 during the statement period. If you were the primary owner on another Laurel Road checking account at any time within the prior 24 months of Account opening, rewards are limited to $10 per statement period during the life of the Account. For the $300 welcome bonus, you must open the Account by 10/15/2024 at 11:59 p.m. (ET) and make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Account totaling at least $2,500 within 60 calendar days after account opening to receive the $300, which will be deposited into the Account within 60 calendar days of meeting requirements. You are not eligible for the bonus if you were the primary owner on any Laurel Road checking account within the prior 24 months before Account opening. Qualifying Direct Deposits – A pre-arranged electronic direct deposit through the Automated Clearing House (“ACH”) Network from most employer payrolls, payroll provider (excluding third-party advance payroll service providers), benefits payer such as Social Security or Military Pay, or pension. Non-Qualifying Deposits – Including but not limited to: Point-of-sale (POS) and internet-initiated mobile entry (WEB) ACH transactions; incoming Person-to-Person (P2P) payments made via the ACH Network such as Zelle, PayPal, Cash App, or Venmo (including payroll-related transactions made via P2P providers); mobile check deposits; wire transfers; cash deposits; one-time direct deposits such as tax refunds and corporate reimbursements; internal transfers between Laurel Road or KeyBank accounts; external transfers from another financial institution; and insurance payments and other similar transactions. Laurel Road, in its sole discretion, reserves the right to deem any deposit either a qualifying or non-qualifying direct deposit, as applicable. Only one Loyalty Checking account per primary account holder. Account must be in good standing and cannot be closed at the time of bonus payments. All bonus and monthly rewards values may be reported to the IRS on Form 1099-INT. Offers are subject to cancellation or change without notice and cannot be combined with other checking bonus, reward, or rate discount offers. Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road. Normal account service charges and miscellaneous charges may apply, which may reduce earnings. Applications are subject to approval and processing times. Click here for current Laurel Road Loyalty Checking Rates.

Laurel Road $300 Checking Bonus

When you open a checking account you can earn a $300 bonus.

• What you’ll get: $300 Bonus
• Eligible account: Laurel Road Checking
• Availability: Nationwide
• Credit Inquiry: Unknown
• Direct Deposit Required: Yes
• Monthly Fee: $0
• How to earn it:
  • Open a Laurel Road Checking account simultaneously while refinancing your student loan with Laurel Road.
  • Make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Laurel Road Checking account totaling at least $2,500 within the first 60 days after account opening

(Offer Expires 01/08/2024)

Fine Print

• You must open a Laurel Road Checking account simultaneously while refinancing your student loan with Laurel Road by 01/08/2024 at 11:59 p.m. (ET) and make one or more qualifying direct deposits via an Automated Clearing House (ACH) transaction into the Laurel Road Checking account totaling at least $2,500 within the first 60 days after account opening to receive the $300, which will be deposited into your account within 60 days of meeting requirements.
• Applications are subject to approval and processing times. Click here for current Laurel Road Checking Rates.
• Normal account service charges and miscellaneous charges may apply to the Laurel Road Checking, which may reduce earnings.
• Qualifying ACH direct deposit transactions include most payroll, Social Security, pension and government benefits deposits.
• Limit one bonus per qualifying account and per individual.
• If you were the primary owner on any Laurel Road checking account within the prior 12 months before opening the new checking account, you are not eligible for the bonus offer.
• The value of the bonus may be reported to the IRS on Form 1099-INT.
• Accounts must be in good standing and cannot be overdrawn or closed at the time of bonus payment.
• Offer is subject to cancellation without notice and cannot be combined with any other bonus offer.
• Laurel Road is not responsible for, and will not honor, promotional offers that appear on third-party websites that are not authorized by Laurel Road.

Laurel Road $100 Savings Bonus

Doctors and existing AMA members can earn a $100 bonus when opening a savings account.

• What you’ll get: $100 Bonus
• Eligible account: Laurel Road Savings
• Availability: Nationwide – for Doctors and existing AMA members
• Credit Inquiry: Unknown
• Direct Deposit Required: Yes
• Monthly Fee: $0
• How to earn it:
  • In order to receive the $100, AMA Members must open a Laurel Road High Yield Savings account, the cash bonus will be paid out within 45 days of account opening.

(No Offer Expiration Listed)

Editor’s Note: Here is an alternative link to the offer.

Fine Print

• No minimum balance is required to open the account or receive the $100 cash bonus.
• Limit one cash bonus per qualifying Laurel Road High Yield Savings account holder.

Laurel Road Referral Program: Up To $400 Bonus

Earn up to $400 for each friend you refer when they either refinance a student loan, finance a personal loan, or get a credit card.

Referrers must have log in credentials in order to participate in the Referral Program.

A log in credential is created during the application process for a Laurel Road product or can be created at any time if you have an existing Laurel Road product.

Laurel Road In A Nutshell

Laurel Road Features

Laurel Road offers competitive rates, and you are able to refinance 100% of your student loans, no matter what. The lender provides a personal solutions with flexible terms and limits to fit your financial needs.

They also provide the following special features:

Cosigners Welcomed

Having a cosigner will increase your chances for approval and improved rates so if you have any doubts take advantage!

Borrower Protections

Laurel Road offers the following protections:

• Laurel Road honors grace periods and delayed payments for recent graduates until time’s up.
• You can apply for forbearance if you experience a qualifying economic hardship such as involuntary job loss or unpaid maternity leave.
  • You can postpone your monthly payments for up to three months at a time, for a total of 12 months during the term of your loan.
• If you become permanently disabled or die, Laurel Road will forgive the total amount of your refinanced student loan.

Reduced Payments for Medical & Dental Residents

Once you have been matched to a residency program, you will be able to refinance your student loans with Laurel Road and pay only $100 per month throughout your residency or fellowship and up to six months after training.

Laurel Road Rates & Fees

Your rate will depend on a variety of factors, including your or your cosigner’s credit history and financial profile. You can also receive a customized rate estimate by visiting Laurel Road’s website and submit your information.

Rate checks are done with a soft credit check, so this won’t affect your credit score.

Once you have been approved, sign up for automatic payments to get a 0.25% interest rate discount.

Laurel Road Requirements

In order to qualify for the student loan refinancing with Laurel Road, you will need to complete the following:

• Be a United States citizen or permanent resident with a valid I-551 card.
• Be a working professional with a four-year undergraduate or graduate degree from Title IV accredited institutions, a professional with an associate degree in a designated profession, or a parent who took on debt to finance your child’s education.

Conclusion

Laurel Road bonuses are pretty decent! The bonus amount is really high and there are not a lot of requirements. If you can meet the qualifying activity then definitely take advantage and gain access to a variety of features. For more information, take a look at our complete list of Bank Bonuses.

Additionally, If you have experience with Laurel Road, feel free to leave a comment below telling us what you like about the bank! Also, leave your contact information below to take advantage of the referral bonus.

If you aren’t from these states, you can check out other top offers from HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, or CIT Bank.

CD accounts or Savings Accounts are also another great way to earn and save money. If you are interested, check out our nationwide list of Best Bank Rates and CD Rates.

Lastly, check back often for more Laurel Road Bonuses, Promotions, or Offers!