Updated February 12, 2024

Capital One Checking Account Bonus

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Curious about Capital One promotions? Discover their latest checking bonuses, how to qualify, and more to optimize your rewards.

Capital One offers awesome bank bonuses worth watching out for.

You don't just get to open an account with a major bank — you are also rewarded for doing so.

However, Capital One's checking account bonuses are only available for a limited time. So, here is how you can make the most out of them.

What Is A Capital One Checking Account Bonus?

Capital One's checking bonus is a promotional offer designed to incentivize people to open a new 360 Checking account. It often involves fulfilling certain requirements to qualify for the bonus.

The criteria to get the bonus can vary, but it usually entails making a minimum deposit, sharing a referral link, receiving Automated Clearing House (ACH) direct deposits such as government payments, and the like.

Once the requirements are met, customers can receive a cash bonus or other incentives being offered.

Do Capital One bonus offers expire?
Yes, Capital One bonuses often have expiration dates. They usually indicate the time frame within which you must meet the requirements to qualify for the bonus.

Is Capital One A Good Bank?

As one of the largest banks in the US[1], Capital One is a good option. They offer a variety of products like checking and savings accounts, credit cards, loans, and more.

While primarily known as an online bank, Capital One has several locations in the country. They also have cafes in select states where you can enjoy some food and drinks, do banking errands, and access workspace facilities.[2]

Plus, Capital One provides fee-free access to over 70,000 ATMs nationwide through Capital One, MoneyPass® and Allpoint® ATMs.[3] With a strong physical and digital presence, they're a convenient choice for many. 

How Do You Earn A Bonus From Capital One?

Although bonus offers may change from time to time, here's how you typically earn a Capital One checking bonus:

  1. Enter the bonus code upon opening an account.
    Eligible patrons will receive a link to a bonus code (via email), so make sure to use it within the promo period.

  2. Set up direct deposits.
    You must receive a minimum of 2 direct deposits up to a certain amount and within a specific time frame.

  3. Receive your bonus.
    Capital One usually pays the bonus within 60 days after fulfilling the requirements.

Who Is The Capital One Checking Bonus Best For?

Capital One's checking bonus is ideal for those who are eligible to apply and can fulfill the incentive requirements.

It is also a great benefit for Capital One patrons who want to develop a long-term relationship with the bank.

About Capital One 360 Checking

Capital One 360 Checking is a convenient and flexible checking account for those who want a smooth banking experience.

It boasts the following key features:

  • No monthly service fees
  • No minimum balance requirements
  • Access to your paycheck up to two days early[4]
  • Access to 70,000+ fee-free ATMs[5]
  • Cash deposits at CVS locations
  • Fee-free overdraft protection
  • Access to Capital One Cafes in select cities[6]

Does Capital One offer other checking accounts?
Aside from the 360 Checking, Capital One also has the MONEY Teen Checking account which is designed for kids and teens aged 8-17 and comes with parental controls.

How To Open A Capital One Checking Account?

There are mainly 2 ways to open a Capital One Checking account: online and in-person. Either way, here are the usual steps involved:

  1. Visit the Capital One website or go to a Capital One location near you.

  2. Fill out the Capital One 360 Checking account application form and provide the necessary documents.

  3. Activate your account by setting up online banking access and getting your debit card/checks.

Make sure to fund your account with any amount within 60 days to avoid account closure. Additionally, if you used a promo code, don't forget to fulfill the requirements.[7]

More About Capital One Promotions

Here are other things you should know about Capital One's promotional offers:

You don't have to be a new client.
You can still qualify for a bonus even if you are an existing Capital One customer (but for a different product). As such, your account must be in good standing. If you already have a 360 Checking account, you may be disqualified from participating.

Bonuses are taxable.
The bonus received upon opening a Capital One checking may be subject to taxes. Capital One will classify it as interest monthly income and report it to the IRS using Form 1099-INT.

Bonuses can come in higher APYs.
Although Capital One often gives cash bonuses, there may be instances where they advertise a higher APY on their savings account for a certain period.

Conditions vary per promotion.
Every Capital One promotion has different requirements and conditions. Some entail setting up direct deposits while others require keeping a specific balance within a set time frame.

Can I get multiple Capital One bonuses?
Yes, it is possible to get more than one bonus from Capital One, albeit from different products. Capital One is also known for its rewards credit card promotional offers. You may still be eligible for them even if you have already claimed a checking bonus.

Is Capital One Checking Bonus Worth It?

Capital One's checking account bonus is worth considering for a few reasons. The requirements are usually easy to fulfill, making it appealing for those who want to open a new checking account.

Plus, the account itself has lots of good features like no monthly fees, no minimum balance, and a wide ATM network.

Overall, bank promotions offer an easy way to earn extra cash without much effort, especially if you can meet the bonus criteria.

Other Checking Account Promotions


How do I get $400 from Capital One?
Capital One bonus offers differ from time to time. While there has been a previous $400 checking promotion at least once, this is not a fixed offer. Best to check our page to see their ongoing offers.

How long does it take to get your Capital One checking bonus?
It may take several weeks or even months upon fulfilling the bonus requirements to receive your Capital One checking bonus. Ultimately, this will depend on the actual promo terms and conditions.

How do I find Capital One promo codes?
Check out our page to ensure you get the latest Capital One promo codes. Once you see one, act on it quickly before it's gone.

Bottom Line

Capital One offers great promotions for those who want to earn a little extra cash. Eligible individuals must simply meet the requirements within a certain period to get the incentive.

However, most Capital One bonuses have a limited time frame, so seize the opportunity when there is one!


  1. ^ Federal Reserve. Federal Reserve Statistical Release, Retrieved 12/08/2023
  2. ^ Capital One. Capital One Locations, Retrieved 12/08/2023
  3. ^ Capital One. Bank On The Go With Fee-free ATMs, Retrieved 12/08/2023
  4. ^ Capital One. Early Paycheck, Retrieved 8/29/23
  5. ^ Capital One. ATMs, Retrieved 8/29/23
  6. ^ Capital One. Cafe, Retrieved 8/29/23
  7. ^ Capital One. Adding money to your account, Retrieved 8/29/23
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/24/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
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Discover Bank
Member FDIC

Online Savings Account - Earn 4.25% APY

  • No fees
  • No minimum opening deposit
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Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 5/31/2024
  • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 5/31/2024.
  • To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
  • Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • Bank of America, N.A. Member FDIC.
CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC

Free Business Checking - Up to 2.0% APY

  • 2.0% APY on your balance up to $250,000 for customers that meet monthly eligibility requirements
  • $0 minimum opening deposit
  • $0 monthly service fee
Banking services provided by Coastal Community Bank, Member FDIC

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CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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