Looking to pad your wallet with a quick $100? LBS Financial Credit Union is running a straightforward checking account bonus that could put some cash in your pocket. If you live or work in California and can handle a direct deposit setup, this one's worth a look. Let's break down what you need to do and what to watch out for.
Who Can Join?
LBS Financial started out serving school and college employees back in 1935, but they've expanded. Now, anyone who lives or works in certain parts of California can become a member. You'll need to check their eligibility list to see if your city or county is included.
- Must be 18 or older to qualify for the promotion
- One bonus per account and per household
- You'll need to put $5 into a Share Savings account and pay a $1 membership fee
Steps to Snag the $100
The process is pretty simple. Open a new checking account online or at a branch during June 2026, use the promo code Run2026, and then set up a direct deposit of at least $250 each month. That direct deposit has to show up within 60 days of opening the account. Once it does, the $100 bonus lands in your Share Savings account within 30 days.
- Open account between June 1 and June 30, 2026
- Use promo code: Run2026
- Set up monthly direct deposit of $250 or more
- Keep the account open and in good standing for at least 6 months
What to Keep in Mind
This offer is really clean for a credit union bonus. No monthly fees on the Free Checking account, and they reportedly do a soft pull on your credit, so your score won't take a hit. You can even fund the account with a credit card (up to $500) if you need to. But don't close the account within six months—they'll take the bonus back. And remember, you're on the hook for any taxes on the bonus.
- No monthly maintenance fees on Free Checking
- Soft pull means no credit score impact
- Early closure penalty: bonus forfeited if account closed within 6 months
- Bonus may be taxable – consult a tax professional
Bottom Line
- Easy $100 bonus with just a $250 monthly direct deposit
- No monthly fees and a soft credit check make it low-risk
- Must be a California resident and open account by June 30, 2026
- Keep the account open for at least 6 months to keep the bonus
Common Questions
Can I fund the account with a credit card?
Yes, you can use a Visa or Mastercard to fund up to $500. That's a handy option if you need to meet the direct deposit requirement quickly.
What happens if I close the account early?
If you close the checking account within six months of opening, LBS Financial will deduct the $100 bonus from your account at closing.
Is there a monthly fee?
The Free Checking account has no monthly maintenance fees. Just remember the $5 Share Savings deposit and $1 membership fee when you join.
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