Offer at a glance
- Maximum bonus amount:Â $250
- Availability: Colorado only (can try to open out of state but doesn’t work according to this comment)
- Direct deposit required:Â No
- Additional requirements:Â None
- Hard/soft pull:Â Hard pull
- ChexSystems:Â Unknown
- Credit card funding:Â Yes, $500 checking & savings
- Monthly fees:Â None
- Early account termination fee:Â Unknown
- Household limit:Â None listed
- Expiration date:Â March 31, 2024
Contents
The Offer
- Partner Colorado Credit Union is offering a $250 bonus when you open a new business checking account and complete the following requirements:
- Activate business visa debit card
- Enroll in online/mobile banking
The Fine Print
- Bonus is not available to existing Partner Colorado business members. Bonus valid for new business checking accounts opened between January 1 and March 31, 2024.
- Limit one bonus per account.
- Activation of a Business Visa Debit Card and enrollment in online/mobile banking are required to receive bonus.
- All requirements must be met within 30 days of account opening and the cash bonus will be deposited into the new business checking account within 10 days of meeting qualifications.
- The $250 cash bonus is considered interest and is subject to IRS and other tax reporting. Other conditions and restrictions may apply.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
I wasn’t able to find a fee schedule so unsure if there is any EATF.
Our Verdict
Shame about the hard pull but if you don’t care about that then it’s definitely worth doing and we will add it to the best checking bonuses.
Hat tip to reader Gadget
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
Very chex sensitive! The banker expressed that they are mostly concerned with identity theft and fraud (and the banker did not mention churning per se). Apparently they are flagging applicants who have a heavy amount of apps in the last 30-60 days with different banks.
The banker was NOT friendly and not the least bit amused with my chex report.
I thought for business accounts they might not care about personal chex inquiries that much, but it looks like they do care.
Now possible to open online from the following page: https://www.partnercoloradocu.org/business-checking-special
Apply using SSN, instead of EIN, if applying as an unregistered sole prop business owner.
I tried to apply for their personal account, and they seem to be at least somewhat chex (maybe EWS, can’t remember what they pulled) sensitive. I will probably try for this one as I have a real S corp in their area.
Looks to require call
Maybe not entirely.
I applied online, but have to finalize application via email after receiving a call that I needed to provide proof of registration with the state, as well as a copy of my EIN document and photo ID.
I did mention in the comments section of my application that I was applying as part of the promoted offer to which I provided a link.
I plan to confirm when submitting the requested documents that my opening an account also qualifies me for the bonus.
Were you able to successfully open the account online and get the promotion applied? Also are they sensitive to chex? Thanks!
Account was opened despite consistently high number of inquiries. I confirmed with the branch manager who received and reviewed my application that I was eligible for the promotion. Final step is to sign documents and fund account in branch. Hope that helps.
Good to know, thank you! I am surprised that they can’t do DocuSign via email and fund by ACH and still require going to the branch to do these things.
Did you get a hard pull on your credit for signing up?