Check out the most recent Lafayette Federal Credit Union promotions, bonuses, and offers here.
Update 2/14/25: The $150 checking bonus is back through 4/30/25.
About Lafayette Federal Credit Union Promotions
Since 1935, Lafayette Federal Credit Union has provided their members with a safe and convenient place to bank with great bank bonuses, CD rates as well as bank rates. They are currently the 11th largest credit union in Maryland and now have 10 locations.
| Eligibility: Membership in Lafayette Federal Credit Union is open to anyone who joins the Home Ownership Financial Literacy Council ($10 fee). Residents of Maryland, Virginia, or Washington, D.C. who belong to the American Consumer Council (can join through the Credit Union’s online application) are eligible to join. Also eligible are those who live or work in the Potomac, Maryland area; live, work, worship, or attend school in Washington, D.C.; or are employed by any of nearly 200 Select Employer Groups. See current membership details |
We will review the current Lafayette Federal Credit Union promotions below.
Lafayette Federal Credit Union $150 Checking Bonus
- What you’ll get: $150 bonus
- Account Type: Checking Account
- Availability: DC, MD, VA (Bank Locator)
- Direct Deposit Requirement: Yes, $500+ (see what works)
- Credit Inquiry: Soft Pull
- ChexSystem: Yes, Sensitive
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: Bonus forfeit if account is closed in 6 months
- Household Limit: None
(Expires 04/30/2025)
| BMO Smart Money Checking ($350 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | |
How to Earn Bonus
- Open new Lafayette Federal checking account with just $50, get your debit card, and enroll in online banking.
- Deposit $500 or more per month to qualify for the bonus to receive an additional $100.
- Earn and receive the $150 bonus—$50 upon account opening and $100 within 45 days.
- Lafayette Federal membership is required. Offer is valid online from February 1, 2025 through April 30, 2025 .
- Lafayette Federal will match the required par value by depositing $50 into the checking account at account opening.
- Member must open a Lafayette Federal checking account, debit card, and online banking to be eligible.
- To receive an additional $100, member must set up and maintain at least one (1) qualified direct deposit (QDD) of at least $500 per month.
- Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency.
- QDD must be established within 45 days of account opening.
- $100 will be deposited within 90 days of account opening.
- $50 minimum balance required to open and earn 0.10% APY (Annual Percentage Yield) on LFCU share savings account balances.
- Rates effective as of January 1, 2025.
Lafayette Federal Credit Union $100 Checking Bonus (Expired)
Earn up to a total of $100 when you open an account.
Take advantage of the $100 Checking Bonus through the current Lafayette Federal Credit Union Promotions.
- What you’ll get: $100 bonus
- Account Type: Checking Account
- Availability: DC, MD, VA
- Direct Deposit Requirement: Yes, no minimum specified
- Credit Inquiry: Unknown
- ChexSystem: Unknown
- Credit Card Funding: Unknown
- Monthly Fees: None
- Early Account Termination Fee: $50, 6 months
- Household Limit: None listed
(No expiration date listed)
| BMO Smart Money Checking ($350 cash bonus) | BMO Smart Advantage Checking ($350 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| First Tech Rewards Checking ($300 bonus) | |
How to Earn Bonus
- Start your membership off with a savings account
- Open a new Checking account and qualified direct deposit
- Earn a cool $50 when the accounts are opened
- They will give you another $50 when you make a direct deposit within 45 days of opening your account.
- Offer subject to change without notice.
- If the account is closed within the first 6 months, an initial $50 promotional deposit will be deducted from the account.
- Your savings federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Lafayette Federal Credit Union $25 Referral Bonus
Lafayette Federal Credit Union $25 Referral Bonus
For residents of DC, MD, VA, Lafayette Federal Credit Union is offering you an opportunity to earn $25 Referral Bonus! Take advantage of this amazing opportunity while you can.
- What you’ll get: $25 bonus
- Account Type: Savings Account
- Availability: DC, MD, VA
(No expiration date listed)
| BMO Smart Money Checking ($350 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | |
How to Earn Bonus
- Refer a friend or family member, and get $25 deposited into your savings account, and your referral’s savings account, after he or she joins the credit union.
- Refer as many people for membership as you like and earn up to $125
- Offer subject to change without notice.
- Cannot be combined with any other new member offers.
- Cash rebate to be deposited to Lafayette Federal Share Savings account within 14 days of account opening.
- Must be eligible for membership.
- $50 minimum balance required to open and earn 0.10% APY on Lafayette Federal share savings account balances.
- $5 minimum balance required to open and earn 2.04% APY on LFCU checking account balances up to $25,000 and 0.025% APY on checking balances over $25,000.
- Please visit LFCU.ORG/2for22 for full checking account requirements.
How To Waive Monthly Fees
- Distinct Checking: None
- Business Basic Checking: $5 monthly fees, waived by meeting just one of the following criteria: (1) Maintain an average monthly checking balance of $500 or greater (2) Open a Lafayette Federal Business Credit Card or Line of Credit (3) Use one or more Lafayette Federal Business Service products (Remote Deposit Capture, ACH SmartPay, Paychex Payroll, or FirstData Merchant Services)
- Business Performance Checking: $20
- Money Market: None
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Bottom Line
Lastly, Lafayette Federal Credit Union has a wide range of bonuses to better your banking experience. Additionally, with attractive features and benefits, banking has never been easier.
Feel free to comment and let us know about your experience. We value your feedback and will continue to keep you posted on the latest bank offers nationwide.
*Compare Lafayette Federal Credit Union Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!*
*Check back on this page for updated Lafayette Federal Credit Union promotions, bonuses, and offers.
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