Laurel Road Rewards Checking, any others?

ptatohed · ‎03-10-2023

I have to admit, I am pretty intrigued by the Laurel Road Loyalty Checking dangling carrot. $200 welcome bonus for making $2500 worth of direct deposits in 60 days. $20 cash reward per month for the first year with $2500 direct deposit(s) per month. Then $10 per month after the first year.

It got me wondering, is Laurel Road the only bank paying their customers for direct deposits? Any other banks with the same or similar rewards?

Anyone currently banking with Laurel Road? Do you like them?

Opinions/thoughts?

https://www.laurelroad.com/checking/loyalty-checking/

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi CUSTOM CASH “C” // citi ThankYou (5% gas, lucrative spending offers) // mylowe’s Rewards // Target circle card

Rotating 5% CB:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

SlideOrInsert · ‎03-10-2023

I participated when the bonus was $300 sign up, for each month of $1000 deposits it was a $20 kicker but only for the first year. they paid out very consistently with no hassles.

I used the debit card once and if I remember correctly the ach pushes from them were in my other account next day. never used them for banking as there was never any other advantages like free checks, etc.

don't remember if I got a 1099-int for the bonuses, I supposed I should start looking into that.

9/2022
$30000

8/2020
$20000

12/2018
$30000

8/2016
$30000

3/2016
$21000

5/2014
$20000

10/2007
$8900

ptatohed · ‎03-10-2023

@SlideOrInsert wrote:
I participated when the bonus was $300 sign up, for each month of $1000 deposits it was a $20 kicker but only for the first year. they paid out very consistently with no hassles.

I used the debit card once and if I remember correctly the ach pushes from them were in my other account next day. never used them for banking as there was never any other advantages like free checks, etc.

don't remember if I got a 1099-int for the bonuses, I supposed I should start looking into that.

So you had your paycheck(s) direct deposited into Laurel Road to get the monthly cash reward but then you had the money ACH'ed over to your main bank? I thought about that too. Thanks for the input.

Everyday 5% CB:
Chase prime Visa // citi CUSTOM CASH “A” // citi CUSTOM CASH “B” // citi CUSTOM CASH “C” // citi ThankYou (5% gas, lucrative spending offers) // mylowe’s Rewards // Target circle card

Rotating 5% CB:
Chase “OG” freedom Visa // DISCOVER it Cash Back // nusenda CU Platinum Cash Rewards

Everyday 4% CB:
US Bank Smartly (v1.0)

Everyday 3% / 2.2% CB:
AOD FCU Visa Signature (3%, sockdrawered) // upgrade Cash Rewards Elite (2.2%, sockdrawered)

Welcome Offer / credits only:
NFCU FLAGSHIP REWARDS (elevated Welcome Offer, annual prime credit, sockdrawered)

Hotel card:
Chase IHG ONE REWARDS PREMIER (elevated Welcome Offer, 1 free night/yr)

On my radar:
Langely FCU Signature Cash Back (5% CB monthly selectable cat) // Safe CU Cash Back+ (Quarterly rotating 5% CB cats plus bonus cats) // upgrade MyFive Cash Rewards (5% CB monthly selectable cat) // US Bank Kroger (and family) World Elite Master Card(s) (5% CB Mobile Wallet)

SlideOrInsert · ‎03-10-2023

@ptatohed wrote: