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.
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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.
Personal Checking Account - $250 Bonus
Open a new 360 Checking account. Use promo code REWARD250 at account opening. Set up and receive 2 qualifying direct deposits of $500 or more within 75 days of account opening.
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.
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:
- 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. - Set up direct deposits.
You must receive a minimum of 2 direct deposits up to a certain amount and within a specific time frame. - 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]
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.
360 Checking Account
- $0 opening minimum
- No monthly service fee
- No minimum balance requirement
- 0.10% APY
- 40,000+ Allpoint ATMs
MONEY Teen Checking Account
- No monthly service fee
- No minimum balance
- Free debit card for kids
- 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:
- Visit the Capital One website or go to a Capital One location near you.
- Fill out the Capital One 360 Checking account application form and provide the necessary documents.
- Activate your account by setting up online banking access and getting your debit card/checks.
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.
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
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
BMO Smart Advantage Checking - $250 Cash Bonus
Open a new BMO Smart Advantage Checking account and get a $250 cash bonus when you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO personal checking customers (including signers on joint accounts) or those who have closed a BMO personal checking account within the past 12 months. Conditions apply.
Chase Total Checking® - $300 Bonus
- 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.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America Advantage Banking - $200 Bonus Offer
- 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.
Discover® Cashback Checking – Up to $30/Month Cashback
Earn 1% cash back on up to $3,000 in debit card purchases each month, for a total of up to $30 cashback per month. Discover Cashback Debit checking account has no minimum balance requirement, no fees, and free online bill pay. See website for details.
Rewards Checking - Up to 3.30% APY
- Use the promo code AXOS300 when you apply for a Rewards Checking account by June 30th, 2024. Then have qualifying direct deposits to earn up to a $300 bonus!†
- Build your own APY with up to 3.30% APY*
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- No initial deposit requirement
- Unlimited domestic ATM fee reimbursements
- Online debit card management
- Simple, 3-step process for direct deposit
Personal Checking Account - $200 Bonus
Open an eligible Fifth Third checking account. Make direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Key Select Checking® - $200 Bonus
- Open a Key Select Checking® account online by July 19, 2024.
- Make the minimum opening deposit of $50, plus one direct deposit of at least $500 within the first 60 days of account opening.
- Your $200 cash bonus will be deposited into your account within 90 days of meeting requirements. Account must not be closed or restricted during the time of promotional period.
Key Select Checking® is a premium checking account that earns interest and a $100 cash bonus year after year with qualifying activities and has a waivable monthly maintenance fee.
OneCard with Rewards Checking - $200 Bonus
- 3% cash back on everyday expenses (up to $500 in rewards per calendar year); 2% on everything else
- No annual fee
- Choose to Pay Now with no interest, or Pay Later
- $200 bonus when you also open and fund a new Upgrade Rewards Checking Plus account and make 3 qualifying purchases on your Upgrade OneCard and/or Rewards Checking Plus debit card within 60 days
FAQS
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!
References
- ^ Federal Reserve. Federal Reserve Statistical Release, Retrieved 12/08/2023
- ^ Capital One. Capital One Locations, Retrieved 12/08/2023
- ^ Capital One. Bank On The Go With Fee-free ATMs, Retrieved 12/08/2023
- ^ Capital One. Early Paycheck, Retrieved 8/29/23
- ^ Capital One. ATMs, Retrieved 8/29/23
- ^ Capital One. Cafe, Retrieved 8/29/23
- ^ Capital One. Adding money to your account, Retrieved 8/29/23
Chase Total Checking® - $300 Bonus
- 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.
- Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Online Savings Account - Earn 4.25% APY
- No fees
- No minimum opening deposit
- No minimum balance required
Bank of America Advantage Banking - $200 Bonus Offer
- 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.
U.S. Bank Smartly® Checking and Standard Savings - Up to $700 Bonus
Earn up to $500 with a new Bank Smartly Checking account. Complete the following within 90 days of account opening:
- Enroll in online banking or the U.S. Bank Mobile App
- Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $100, $5,000 to $9,999.99 to earn $300 or $10,000 or more to earn $500
Earn up to $200 with a new Standard Savings account.
- Make new money deposit(s) totaling $15,000 or more by July 17, 2024
- Maintain that balance until October 31, 2024
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
CIT Bank Platinum Savings - 5.05% APY
- 5.05% 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
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