BOK Financial $500-$1,500 – CO

extended to 12/31

Extended to  6/30/26

Offer at a glance

• Maximum bonus amount: $1,500
• Availability:  Offer is available exclusively to new business checking clients based in Colorado
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None 
• Monthly fees: $0-$30
• Early account termination fee: None listed
• Household limit: None listed
• Expiration date: March 31st, 2026

The Offer

Direct link to offer

• BOK Financial is offering a business checking bonus of up to $1,500. 
  • To receive $500:
    • Open a ‘Business Access’ Checking Account
    • Deposit at least $5,000 in new money into your qualifying account within 30 days of account opening (Funding Phase).
    • Then maintain an average daily balance of $5,000 or more for the next 60 days (Evaluation Phase).
  • To receive $1,000:
    • Open a ‘Business Advantage’ Checking Account
    • Deposit at least $25,000 in new money into your qualifying account within 30 days of account opening (Funding Phase).
    • Then maintain an average daily balance of $25,000 or more for the next 60 days (Evaluation Phase).
  • To receive $1,500:
    • Open a ‘Business Advantage’ Checking Account
    • Deposit at least $100,000 in new money into your qualifying account within 30 days of account opening (Funding Phase).
    • Then maintain an average daily balance of $100,000 or more for the next 60 days (Evaluation Phase).

The Fine Print

• Offer is available exclusively to new business checking clients based in Colorado. A “new business checking client” is defined as an entity operating under a Taxpayer Identification Number (TIN) that is not the primary TIN associated with any existing business checking account at any of our affiliated brands. The promotion applies only to businesses with annual revenues of $10,000,000 or less. 
• Offer is limited to one offer per Business Taxpayer Identification Number (TIN)/Employer Identification Number (EIN)/Social Security Number (SSN). New accounts are subject to approval. 
• Definitions and Offer Timeline: “New Money” refers to funds deposited from sources outside the bank and excludes transfers from existing accounts within the bank or its affiliates. The Funding Phase is the first 30 calendar days after account opening, during which the required new money deposit must be made. The Evaluation Phase immediately follows the Funding Phase and lasts 60 calendar days. During the Evaluation Phase, the account must maintain the required average daily balance. Average daily balance is calculated by adding the balance in the account for each day of the period and dividing that figure by the number of days in the period. After the Evaluation Phase ends, eligibility will be verified. If all offer requirements are met and the account remains open and in good standing, the bonus will be credited during the Payout Phase, which is the 30 calendar days immediately following the Evaluation Phase.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

• Business access has no monthly fees
• Business advantage $30 monthly fee ($1,500/$1,000 bonus): 
  • Maintain a $15,000 average monthly collected balance in your Business Advantage account.
  • OR, maintain a $30,000 average monthly collected balance in combined balances with your Business Advantage account and your other deposit accounts (money market, investor fund, savings, checking, or CD balances).3 The other deposit accounts may be in the business name and also include your personal accounts. Business and personal accounts linked to your Business Advantage account to qualify as a combined balances may only be used once. For example, your CD can only be linked to one account to offset the monthly maintenance fee.
  • New accounts will receive a monthly service fee grace period for 3 months to allow time to set up your account, transfer funds and link your accounts to combine balances

Early Account Termination Fee

Wasn’t able to find a fee schedule so unsure if there is any EATF.

Our Verdict

If you put the $100,000 into an account earning 4% APY you’d earn ~$655 over the 60 day hold period. $25,000 would earn ~$164. So the two top tier deals are comparable and probably better not to tie up funds for that long. There is also a personal checking bonus for up to $950. 

Hat tip to reader ShawntheShawn

Useful posts regarding bank bonuses:

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• PSA: Don’t Call The Bank
• Introduction To ChexSystems
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