Looking at this Columbia Bank business checking bonus, I can see exactly what they’re trying to do here – and honestly, it’s a pretty solid offer if you can meet their requirements.
Here’s the truth: Most bank bonuses make you jump through hoops for peanuts. But Columbia Bank is offering $500 cash, which actually moves the needle for small businesses.
This offer is available at their Denver Tech Center and Colorado Springs Commercial Banking Center locations.
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The deal breakdown:
- $500 bonus for opening a business checking account
- Need $10,000 minimum opening deposit
- Must maintain $10K daily balance OR $15K average for 60 days
- Complete 5 qualifying transactions within 60 days
- Enroll in online banking
What I like about this offer:
The $500 payout is substantial – that’s real money that can go back into your business operations. Plus, Columbia Bank isn’t some fly-by-night operation. We’re talking about a $52 billion asset bank with nearly 350 locations across the West.
Here’s an alternative offer:
Trending Checking Account Deal:
But here’s what most people miss:
The balance requirements aren’t as scary as they look. You can either maintain a flat $10K daily balance OR average $15K over 60 days. That second option gives you flexibility – you could have $20K some days and $10K others, as long as it averages out.
The qualifying transactions are easy: Debit purchases, ACH transfers, wire transfers, mobile deposits, or bill payments. If you’re running any kind of active business, you’ll hit this without thinking about it.
Remember: This bonus gets reported as interest income, so factor that into your tax planning. And the offer is only available at specific branches in Colorado, Arizona, and Utah.
Want my take? If you’re already planning to open a business account and can comfortably meet the balance requirements, this is free money sitting on the table. Just make sure you understand all the terms and have your banker activate the promotion at account opening.
The best part? Once you meet the requirements, the bonus hits your account within 45 days. No waiting around for months wondering if you’ll actually get paid.
See the Best Checking & Savings Account Bonuses and Start Earning Free Cash Today
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