Capital One Bank
Capital One is offering a $250 bonus for opening their 360 Checking Account. To be eligible Capital One 360 Checking account using promo code BONUS250 and Set up and receive at least 2 direct deposits each of $250 or more within 75 days of account opening.
Capital One has no account fees, no hidden fees and no minimum balance for the account. It is also the first major US bank to eliminate overdraft fees
Capital One Checking Account Bonus
Bonus – $250
Account – Capital One 360 Checking Account
Direct Deposit – Yes, two direct deposits of $ 250 each within 75 days
Availability – Nationwide
Offer Expiry – June 21, 2022
Account Fees – None
Link for the Offer
Checking Bonus Requirements
- Open a new Capital One 360 Checking Account online using the promo code “BONUS250”
- Get two qualifying direct deposits of $250 each within 75 days of account opening
BonusCoach’s List of Best Bank Account Bonus
Checking Account Fee | How to Avoid It?
- There is no account fees.
Early Account Termination Fees
There is no mention of early termination fees. We recommend keeping the account open for at least 90 days and if possible, for 180 days.
The Fine Print
Bonus Details
- Open a 360 Checking account between 12:00 a.m. ET on April 18, 2022, and 11:59 p.m. ET on June 21, 2022. When you open your account, ensure you enter in promotional code BONUS250 in the Promo Code box.
- Set up and receive at least 2 direct deposits each of $250 or more to your 360 Checking account within 75 days of account opening. A qualifying direct deposit is a regular periodic payment, such as salary, pension, government payments (for example, Social Security), or other monthly income that occurs as an Automated Clearing House (ACH) or Real-Time Payment network credit from your employer or an outside institution. ACH credits or fund transfers initiated via the Capital One website or mobile app and wires are not considered a direct deposit.
- This account is subject to approval. This offer cannot be combined with any other 360 Checking account opening offers. Only one promotional code is accepted. Bonus is only valid for one new 360 Checking account. The amount of your bonus will be reported on IRS form 1099-INT to the IRS (and your state revenue authority, if required).
When will I get my bonus?
- Your bonus will be deposited into your new 360 Checking account by the date stated below:
Account opened the month of | Receive at least 2 direct deposits each of $250 or more | Bonus will be paid by |
April 2022 | Within 75 days of your account opening date | September 30, 2022 |
May 2022 | Within 75 days of your account opening date | October 31, 2022 |
June 2022 | Within 75 days of your account opening date | November 30, 2022 |
What you need to know about the 360 Checking account:
- A rate of 0.10% Annual Percentage Yield (APY) applies to accounts with balances between $0-$49,999.99, $50,000-$99,999.99, and $100,000 or more. 360 Checking is a tiered-rate account. Advertised rates are variable and effective as of 4/21/2022. Rates in any tier are subject to change at any time before or after account opening.
- The interest is calculated on a daily basis and is based on the balance in the account. Interest on your account will be compounded and credited on a monthly basis.
Final Thoughts
Capital One does not have an ongoing promotions and $250 is a decent bonus for opening a bank account. The last promotion Capital One had was for $100 bonus and the best one was for $400. We recommend this promotion as the bonus is relatively easy to receive.
Also, check out Capital One Savings Account Bonus.
