Capital One $250 Checking Bonus

Offer at a glance

• Maximum bonus amount: $250
• Availability: Nationwide
• Direct deposit required: Yes, two direct deposits of $500+
• Additional requirements: Use promo code
• Hard/soft pull: Soft (overdraft protection no longer being offered)
• ChexSystems: Mixed. EWS sensitive according to the comments
• Credit card funding: None
• Monthly fees: None
• Early account termination fee: None
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Capital One is offering a $250 bonus when you open a new checking account and complete the following requirements:
  • Use promo code REWARD250
  • Set up and receive at least 2 direct deposits, each of $500 or more, within 75 days of account opening

The 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.
• Here’s the full scoop on how to earn your $250 bonus:
• Open a 360 Checking account on or after February 21, 2024, using promotional code REWARD250.
• Set up and receive at least 2 Qualifying Direct Deposits each of $500 or more to your 360 Checking account within 75 days of account opening.
• Capital One will deposit the bonus into your account after the first two requirements listed above are completed. See below for when the bonus will be posted.
• 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.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about.

Early Account Termination Fee

There is no early account termination fee

Our Verdict

I’d probably recommend waiting for a bigger offer to return, we saw $350 last year for example. Because of that I won’t add it to the best bank account bonus page.

Hat tip to Dougiechurns

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times