If you're already a member of Securityplus Federal Credit Union and live in or around Maryland, here's a nice little perk: you can earn $50 Amazon gift cards just by referring people you know. It's a referral program that used to pay $100 per referral, but as of June 2024 it's been dialed back to $50. Still, with a cap of ten referrals per year, you could pocket up to $500 in Amazon credit annually. Not bad for a few minutes of sharing a link.
Who Can Join and Refer?
Securityplus Federal Credit Union is based in Baltimore and has been around since 1938. It's the 16th largest credit union in Maryland with about 34,000 members. You don't have to live in Baltimore to join — membership is open to anyone through the American Consumer Council, or if you live, work, worship, or attend school in Baltimore City. It also extends to employees or retirees of certain sponsor groups and their immediate family.
To refer someone, you need to be a current member and at least 18 years old. The person you refer also has to meet membership requirements, open a checking account online, enroll in digital banking, and set up a qualifying direct deposit of at least $200 within 60 days. They also need to keep the account in good standing for 60 days.
What's the Catch? The Fine Print
The biggest thing to watch out for is the monthly fee. If you open a Revive Checking account, you'll get charged $5 per month unless you have at least one electronic deposit (like a direct deposit) each month. The Xceptional Checking account has no monthly fee, so that's probably your best bet. Business checking accounts also have no monthly fees.
Also keep in mind that the offer can change or end at any time without notice. So if you're planning to refer a bunch of people, it's smart to do it sooner rather than later. And remember, the bonus is an Amazon gift card, not cash — so make sure you're okay with that.
How to Make the Most of This Offer
If you have friends or family in Maryland who need a new checking account, this is a straightforward way to earn a little extra. Just share your referral link via email or social media. Each successful referral gets you $50, and your friend also gets $50. That's a win-win.
One thing to note: there's no mention of a hard or soft credit pull, so it's probably not a big concern. But if you're worried about ChexSystems, you might want to check with the credit union first. Overall, this is a low-effort bonus if you've got a network of people who might be interested.
Bottom Line
- Earn $50 Amazon gift card per referral, up to $500/year.
- Must be a current member and refer someone who opens a checking account online with a qualifying direct deposit.
- Watch out for monthly fees on certain accounts — go with Xceptional Checking to avoid them.
- Offer subject to change, so act quickly if you're interested.
Common Questions
Can I refer someone who lives outside Maryland?
Yes, as long as they meet the membership requirements (e.g., through the American Consumer Council) and open a checking account online. Membership is not limited to Maryland residents.
How do I receive the $50 Amazon gift card?
After the referred friend meets all requirements, Securityplus will send you an Amazon gift card. The exact delivery method isn't specified, but it's typically via email.
Is there a limit on how many people I can refer?
Yes, you can earn up to $500 in gift cards per calendar year, which works out to a maximum of 10 referrals.
What happens if I close my account early?
There's no early account termination fee listed, but you'll need to keep the account in good standing for at least 60 days for the referral to count.
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