Offer at a glance
- Maximum bonus amount: $100 in gifts for both parties
- Availability: In branch only, all branches in Colorado [Branch locator]
- Direct deposit required: Not required
- Additional requirements: See below
- Hard/soft pull: Hard Pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: None listed
The Offer
Direct link to offer | Direct deposit bonus
- Every time you refer someone to Bellco and they open a Bellco checking account you can both select a reward of your choice. Rewards include:
- $100 Amazon giftcard
- $100 Whole Foods gift card
- Other random items
- To be eligible for reward the referred party must meet the following requirements within 90 days of receiving the initial e-mail notification:
- Deposit $250 into the new checking account at time of account opening
- Attach a VISA debit card to the new checking account
- Not already be a tax owner, non-tax owner, or signor on any Bellco checking account
- You can also get an additional $100 by setting up direct deposit. You need to have two qualifying direct deposit transactions post and clear the account within 90 days of account opening.
The Fine Print
- A “qualifying direct deposit” is defined as a recurring direct deposit of a paycheck, pension, Social Security, or other regular monthly income electronically deposited by an employer or an outside agency into a Bellco checking account.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
They offer a free checking account with no monthly fees. I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee or not. They also have a 2.25% rewards checking account. But there are better high interest savings accounts out there.
Our Verdict
Unfortunately it’s a hard pull so not worth considering. Feel free to share your referral information in the comments. They also offer a credit card with $150 bonus and 3% categories. Won’t be adding this to our bank promotions page as there are so many better options available.
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
