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The Bank of Denver


Overview / Commentary
www.thebankofdenver.com
303-572-3600
810 E. 17Th Ave.
Denver, CO 80218

The Bank of Denver is headquartered in Denver and is the 36th largest bank in the state of Colorado. It is also the 2,605th largest bank in the nation. It was established in 1941 and as of June of 2021, it had grown to 51 employees at 4 locations. The Bank of Denver has an A health rating.

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T&C Update For All Kasasa Rate Chasers - 11/24/2020

Having received the "courtesy" call from the Bank. It is not difficult to see all financial institutions conducting Kasasa audits and following the suit. CSR mentioned $5 DC transaction minimum, but it is not spelled out in T&C updated with the part added: "This account is intended to be the accountholder’s primary Checking account in which payroll transactions and day-to-day spending activities including but not limited to grocery, gasoline, apparel, shopping, dining, sporting and entertainment transactions are posted and settled. Commensurate with the spending activities identified above, we expect the account’s debit card to be used frequently throughout each month and for transaction amounts to reflect a wide dollar range. Small debit card transactions conducted on the same day at a single merchant and/or multiple transactions made during a condensed time period particularly near the end of a Monthly Qualification Cycle are not considered normal, day-to-day spending behavior. T

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Reviews (6)

Full Service Bank!

Posted by: |

I've got to give The Bank of Denver "kudos"! This bank is a "full service bank", providing a good savings rate plan for one's checking account,, a fair requirement to earn savings on one's checking account by qualifying through fair debits to the account each accounting period. Further, those checking savings each qualifying month are transferred to your savings account. Additionally, the savings account earns a better than average competitive interest rate also. Further, they offer a better than average CD rate. The Bank of Denver has excellent communication and assistance. When things go wrong for some reason, which happens to all banks from time-to-time, we have to be understanding.
We are in difficult times, and The Bank of Denver is the best that I have encountered to assist me as a "Big Saver", to meet my goals as best it can during these financially challenging times!!! Thank You Bank of Denver!!!

1

Rude Customer Service And Cut Interest Rates

Posted by: |

I had closed the account because their interest rates cut. Then I got a letter in the mail months later saying my account was dormant. I called and got transferred to billing department. If you ask her a question, she'll say "I don't know" and be silent, rather than FIND the answer. I had to ask her a bunch of questions to get her to do something, i said thanks and she said "uh huh" and hung up. So rude and completely unprofessional. There are much better banks out there.

1

Really Horrible Experience

Posted by: |

One of the worst banks I ever dealt with. They change the rules all the time so be careful as you can get caught in situations where your money is sitting with almost no interest.

2

Toxic Bank

Posted by: |

horrible customer service
anti-customer
impossible to work with
unless you're in a branch, can't get money in or out without hassle

2

Bank Is Struggling...

Posted by: |

The reps have really struggled to provide quality customer service. The bank misdirected my opening deposit that was withdrawn from my external bank via ACH. BOD staff asked me to work with that external bank's back end staff to provide ACH documents that I'd never seen in my life, and was told that BOD should have handled, but couldn't,,, This episode was repeated with other errors in my first two months. By the time the errors completely stopped months later, BOD had lowered its interest rate, raised qualification requirements, and have stopped accepting out of state customers. For me personally, I've had enough...

2

Worst Bank Ever!!!

Posted by: |

If I could put 0 stars I would. Our account has been hacked 4 times since 2009. Then we get fees for going into overdraft because of these fraudulent charges on our account and the bank tells us we are responsible because the card is in our possession!!!& I have never been with a bank that holds you responsible when someone steals your information. It is basically like saying you can't use your card anywhere because if they steal your info you are responsible. I would never recommend anyone get an account here. Plus they do not have 24 hour assistance so we had to wait a day to report fraudulent activity on our account. They don't have convenient locations and where we live you have to drive all the way across town to make deposits or withdrawal money.

8


Health
A

Data as of Q2 2021

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #17244
Year Established1941
Employees51
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD6.33%
Annual Interest Income$4.2MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$276.2MM$256.6MM
LoansQ2 2021vs Q2 2020$146.5MM$158.3MM
DepositsQ2 2021vs Q2 2020$250.6MM$228.4MM
Equity CapitalQ2 2021vs Q2 2020$24.8MM$24.2MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.8MM$1.8MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$103.00K$120.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Bank of Denver; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Bank of Denver Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$50kKasasa Saver
OTHER TIERS: 0.25% → $50k+
0.20%$100-CBT and GVA Union Accounts
0.15%$100-Regular Savings
0.15%$100-Business Savings

The Bank of Denver Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*$250kPersonal Money Market
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k
0.30%*$50k*$250kBusiness Money Market
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k

The Bank of Denver Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kKasasa Cash
OTHER TIERS: 0.25% → $25k+
0.15%$100-Business NOW Account

The Bank of Denver CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$1k-1 Year CD
0.25%$5k-1 Year Option CD
0.25%$95k-90 Day Jumbo CD
0.25%$95k-6 Month Jumbo CD
0.25%$95k-1 Year Jumbo CD

The Bank of Denver IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$100-1 1/2 Year Fixed IRA
0.75%$100-1 1/2 Year Variable IRA
Locations


The Bank of Denver Locations
Leetsdale Branch530 S Holly StreetDenver, CO 80246
Golden Triangle Branch606 West Colfax AvenueDenver, CO 80204
Uptown Branch800 East 17th AvenueDenver, CO 80218
The Bank Of Denver810 East 17th AvenueDenver, CO 80218

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