Posted by William Charles on September 20, 2016
Rewards Checking

Published on September 20th, 2016 | by William Charles


[CO only] Bellco Credit Union 2.25% Rewards Checking Account

Offer at a glance

  • Interest Rate: 2.25% APY
  • Minimum Balance: None
  • Maximum Balance: $25,000
  • Availability: Colorado only
  • Direct deposit required: Yes
  • Additional requirements: Yes, see below 
  • Hard/soft pull: Hard
  • Credit card funding: None
  • Monthly fees:  None 
  • Early Account Termination Fee: Unknown
  • Insured: NCUA

The Offer

Direct link to offer

  • Receive an interest rate of 2.25% APY on Bellco boost checking account on balances up to $25,000 when you met the following requirements:
    • Make at least 15 debit card transactions
    • Have at least one direct deposit per month
    • Log in to online or mobile banking at least once per month


Avoiding Fees

They say there is no monthly fees, but if you read the fine print it says there is no fee to use bill pay as long as each enrolled Bill Pay user completes at least one Bill Pay transaction per month.

Membership Requirements

Update: Seems like they will deny you if you apply from out of state.

Bellco is available to everybody by joining consumers united association ($5 annually or $25 for life). Otherwise you need to live or work in the following Colorado counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Garfield, Jefferson, Mesa, Moffat, or Rio Blanco.

Our Verdict

Requirements for the bonus rate are way to high considering it’s a rate of only 2.25%. In my opinion there are better options out there in terms of high interesting savings accounts. The other option is to just focus on accounts with a high sign up bonus instead.

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Even money says they’ll decline new accounts from out of state even if you join CUA.

Digital Pop
Digital Pop

Can confirm: was denied opening a deposit account even though I was a member of CUA. Out-of-state denials.


O, seriously? I donated $5 but won’t bother trying now.


hard or soft


Sent them a FB message about the inquiry being hard or soft. 2.25% is an extra $26/month better than my 1% account will pay out. 15 debits is easy with Amazon, and logging in is done with Mint and the monthly DD is easy to automate. Good deal if it’s a soft pull. I’ll update when I hear from them.


Hard pull, Experian 🙁 Was hoping for TU.

Not sure an EX inquiry is worth $26/month though. Probably not.


This is a hard pull, please update post.


Updated, thanks


Not sure if it’s new or not, but they claim that OOS people can donate 10$ to their own foundation, and do confirm that CUA is for CO-only:

> CONSUMERS UNITED ASSOCIATION: For residents of Colorado

> BELLCO FOUNDATION: For interested parties outside of Colorado

Anyone knows whether CC funding is available?


Anyone know if they’re Chex inquiry sensitive?

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