Earn a $250 bonus by opening a new Capital One 360 Checking account with promo code REWARD250. Follow our step-by-step guide to meet the qualifications and claim your bonus!
Capital One is offering a $250 cash bonus to people who open a new 360 Checking account starting February 21, 2024. If you’ve never had a 360 Checking, Simply Checking, or Total Control Checking account with them after January 1, 2022, you could be eligible. This offer is a good opportunity if you’re looking for a new checking account that doesn’t require keeping a minimum amount of money in it and doesn’t charge you monthly fees.
Let’s go over what you need to do to get this Capital One checking bonus.
Recent Updates:
- Update 6/13/24: The offer is still available. An expiration date is not listed.
See the bottom of this page for more offers from Capital One.
Table of Contents
Capital One Bank Bonus: $250 Checking Account Offer
- What you’ll get: $250
- Where it’s available: Nationwide
- How to earn it:
- Open a 360 Checking Account: Start by opening a new 360 Checking account with Capital One on or after February 21, 2024.
- Use the Promo Code: During the account opening process, make sure to enter the promotional code REWARD250.
- Set Up Direct Deposits: Arrange to have at least 2 qualifying direct deposits. Each must be $500 or more. These need to be set up and received within 75 days of opening your account.
- Wait for Your Bonus: After you’ve met the direct deposit requirements, Capital One will review your account to make sure everything’s in order. If all is good, you’ll receive your $250 bonus within 135 days from when you opened your account. Make sure your account is active and in good standing to receive the bonus.
- When it expires: None listed
Waive The Monthly Fee
There is no monthly fee with the qualifying accounts.
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Fine Print
- If you have or had an open 360 Checking, Simply Checking, or Total Control Checking account as a primary or secondary account holder with Capital One on or after January 1, 2022, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing before you receive the bonus, you will not receive the bonus. No minimum balance is required to be maintained in order to receive this bonus.
- What is a Qualifying Direct Deposit? 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 entity.
- Wire transfers, ACH credits, and funds transfers initiated using Capital One’s website or mobile app are not considered a Qualifying Direct Deposit.
- When will I get my bonus? You have 75 days to complete the requirements above. After the first 75 days from account opening, your status to receive the bonus will be assessed and processed, which can take up to 60 days. This means, if all requirements are met, you can expect your bonus to be deposited into your account within 135 days from account opening. To receive your bonus, your account must also be open and in good standing at the time the bonus will be deposited.
- 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 per account. 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).
- No-Fee Overdraft authorizes us to consider paying your checks, ACH and recurring debit transactions that put your account into overdraft. You also have the option to ask us to consider paying your everyday debit card and ATM transactions as well. In making a payment decision, we typically consider a variety of factors, including the size of the transaction, whether your account is in good standing and/or if you have had too many overdrafts. If we elect to pay an overdraft item, you have no right to defer payment and you must deposit additional funds into your account promptly in an amount sufficient to cover the overdraft. To qualify for No-Fee Overdraft, you must regularly deposit at least $250 during two of the previous three calendar months. Accounts that haven’t met this will no longer have access to overdraft until the next month when you’ve met this requirement. New accounts will not have access to No-Fee Overdraft until the consistent deposit requirement has been met.
- Early paycheck is available for 360 Checking customers that set up direct deposit with their employer or other payor to receive electronic deposits of regular periodic payments (such as salary, pension, or government benefits). Certain non-payroll and tax payments are not eligible for early paycheck. Early direct deposits may be available to you up to 2 days earlier, however, we are dependent on the timing of your payor’s payment instructions and therefore you may not always see your direct deposits arrive early. Early paycheck eligibility may vary between pay periods and daily/transaction limits apply.
- It may take two cycles for your direct deposits to take effect.
What You Need to Know About the 360 Checking Account
The 360 Checking account from Capital One is made to be easy to use. It doesn’t have monthly fees or rules about keeping a certain amount of money in your account, which is pretty handy. You can manage your money through their app and use ATMs without extra fees. Plus, if you follow a few steps like using a special code when you open your account and setting up direct deposits, you can get a $250 bonus. This account is for people who want their banking to be straightforward and also get a little extra money for starting an account.
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Our Take On the Bank Offer
The offer from Capital One to get a $250 bonus for opening a new 360 Checking account is worth considering if you need a new bank account. You just need to open the account with a promo code, make sure you get two direct deposits of at least $500 each within 75 days, and then you’ll get your bonus.
It’s important to keep your account in good shape to make sure you receive your bonus within about 135 days after you open your account. This deal is a good choice if you’re looking for a simple way to make some extra money while getting a reliable checking account.
However, you can get a higher bonus from other offers, such as this $400 offer from BMO Bank or $300 from Chase Bank. Capital One itself had an offer for $350 that expired months ago.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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