Capital One Checking Account Bonus

(Expired) $250 Capital One Checking Account Bonus

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    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

    1. Open  a new Capital One 360 Checking Account online using the promo code “BONUS250”
    2. Get two qualifying direct deposits of $250 each within 75 days of account opening

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    • 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.

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