Offer at a glance
- Maximum bonus amount: $500
- Availability: CO, NM, AZ, in Branch only
- Direct deposit required: No, but $5,000+ in ACH deposits
- Additional requirements:
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Up to $1,000
- Monthly fees: $5-$8
- Early account termination fee: Bonus forfeit, 90 days
- Household limit: One per bustomer
- Expiration date: 5/31/2026
The Offer
Direct link to offers: CO | NM | AZ (Not offered at NE, KS, MO or WY or TX)
- Bank of Colorado is offering a $500 bonus when you open a new business checking accounts with promo code GROW and complete the following requirements within 90 days:
- Receive $5,000 or more in ACH deposits or
- Initiate 15 debit card purchases
The Fine Print
- Offer valid for new customers only.
- Limit one $500 bonus per customer.
- All checking accounts have a $100 minimum opening deposit.
- Bonus will be deposited into the account 90 days after account opening.
- Treasury Management services 60-day trial will start after setting up service during consultation.
- All accounts include free eStatements, additional fee applies for paper statements.
- Offer valid for new business accounts listed that are opened between 1/15/2026 – 5/31/2026 at any Bank of Colorado location.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
- Business growth has a $8 fee that is waived with an average daily balance of $3,500 ($5 paper statement fee as well).
- Business analyst has $5 fee (with another $5 paper fee) that can’t be waived
Early Account Termination Fee
You must keep the account open for a minimum of 90 days otherwise you will forfeit the bonus. There is also an early account termination fee of $75.
Our Verdict
Annoying that it needs to be opened in branch. Not sure we have seen a business bonus from them before (although I feel like I just wrote these post a few weeks ago so I might be wrong).
Hat tip to reader FunFix17
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
