Posted by William Charles on June 4, 2017
Bank Account Bonuses

Published on June 4th, 2017 | by William Charles


[Expired] [NM, NE, WY, CO] Bank Of Colorado $200 Checking Bonus + $50 Savings Bonus

This checking bonus has expired and is no longer available. Click here for a list of the best checking bonuses.

Offer at a glance

  • Maximum bonus amount: $250
  • Availability: NM, NE, WY, CO
  • Direct deposit required: Yes, four deposits totaling $1,000
  • Additional requirements: Yes, see below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: Up to $1,000
  • Monthly fees: $4, not avoidable
  • Early account termination fee: 90 days otherwise bonus is forfeited, according to this comment there is also an early account termination fee of $75.
  • Household limit: None listed
  • Expiration date: June 30th, 2017 August 31st, 2017 December 31st, 2017

The Offer

Direct link to offer

  • Bank of Colorado is offering a $250 checking bonus when you open a new Diamond Secure Account, bonus is broken down as follows:
    • $50 bonus if account remains open for 90 days
    • $100 to be paid for 4 direct deposits or ACH credits totaling $1,000 or more
    • $50 bonus for 20 debit card transactions
    • $50 bonus for opening a savings account simultaneously

The Fine Print

  • Account must be opened online.
  • The minimum amount to open an account is $100.
  • The maximum payment per customer is $250.
  • This offer is for new checking account customers only.
  • A new checking account customer eligible for the bonus is someone who has had no previous checking account relationship with Bank of Colorado in the previous 48 calendar months.
  • $50 bonus to be paid if account remains open for 90 days. Additional $100 to be paid for 4 direct deposits or ACH credits totaling $1,000 or more. Additional $50 bonus after 20 debit card transactions. Additional $50 bonus for opening a savings account simultaneously.
  • Requirements must be met within 90 days of account opening.
  • Open to residents of New Mexico, Nebraska, Wyoming and Colorado only.
  • The bonus you receive will be reflected on a 1099-INT that will be issued and reported to the IRS at year-end. Offer expires June 30, 2017.

Avoiding Fees

This account has a $4 fee that you cannot avoid, you’ll be charged an additional $5 per month if you choose to receive a paper statement as well. 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

They used to offer a $200 checking bonus with no requirements, that was obviously significantly better than this bonus with a lot of requirements. The only benefit to this new bonus is you can also get $50 for opening a savings account. Personally I’d wait and hope that the no bonus requirement bonus comes back. Their sister bank (KS, MO, NE, IA, WY, CO) has a similar bonus for $100 with no bonus requirement and you can do both if you live in an overlapping state.

For now I won’t be adding this to our list of the best bank account bonuses due to the fact they have offered better bonuses in the past.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

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Still waiting on our $200 bonus from accounts opened in early March.


Samesies. Opened 3/9, waiting until 6/7 to followup.


Ha! Same date for both of us too. Hopefully it shows up in 2 days. I’ll report back.


Both of us received the $200 6/9/17. Going to move all funds and close both accounts by end of this week.

The Cat
The Cat

A couple of data points:
– I did the bonus in October 2016 and funded with a Chase Freedom card that posted as a purchase.
– My girlfriend funded with a Chase Southwest Rapids Rewards Plus card a couple weeks ago and that posted as a purchase as well.


I live in Colorado and applied for both the Bank of Colorado and Pinnacle Bank checking accounts but Pinnacle Bank’s bonus never posted. Finally got around to calling today and was told I am not eligible to receive both bonuses since they are “the same bank”.


Yeah, I found that out after getting the Pinnacle Bank bonus and not being eligible for the higher Bank of Colorado one 🙁


This offer has been extended to August 31, 2017, along with a new landing page.


Here are my data points:

6/7 – Opened checking and savings account, funded with credit card ($500 each)
6/28 – completed 4 direct deposits
7/10 – completed 20 debit card purchases
9/6 – received $50 savings account bonus, $50 debit card bonus, and $100 direct deposit bonus

Still waiting for $50 bonus for having the checking account open for at least 90 days. I will post an update when that bonus posts.


$50 bonus for keeping the account open for 90 days posted 2 days later on 9/8. I plan on closing this account at the beginning of October.


This offer is still open until Dec. 31, 2017

My DPs:

08/15 – Opened checking with $100 and and savings with $200
3 pushes of $250+ from Chase and 1 push from Cap1 (coded as external transfer, but they worked toward the DD requirement)
11/14 – 3 bonuses posted: $50 for debit card, $50 for savings, $100 for DD

$50 for keeping account open for 90 days hasn’t posted yet.


Final $50 bonus posted a few days later (around 11/20), for a total of $250 in bonuses, minus three months of $4 fees.

I closed the account 12/11 via chat after emptying both checking and savings. No problem.

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