Offer at a glance
- Maximum bonus amount: $300
- 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
Contents [hide]
The Offer
- Capital One is offering a $300 bonus when you open a new checking account and complete the following requirements:
- Use promo code OFFER300
- Set up and receive at least 2 direct deposits, each of $500 or more, within 75 days of account opening
The Fine Print
- Capital One reserves the right to end or change the terms of this offer at any time prior to you accepting the offer, with or without notice. Changing the terms of this offer could result in a change to any of the offer requirements such as, but not limited to, the required deposit amounts, qualified external deposit sources, the bonus amounts or expiration date. Please note that once your account is opened with a promotional code, the terms of the offer will not change without us notifying you in advance. Offers may vary.
- 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, 2023, 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 $300 bonus:
- Open a 360 Checking account on or after November 13, 2024, using promotional code OFFER300.
- 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.
- 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
There was a $250 bonus, I said to wait for a bigger bonus as we saw $350 bonus last year. I think this $300 bonus is worth doing though and we will add it to our best bank account bonuses.
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
3/18 opened
4/2 $501 – push from chase
Plan to push from chase 4/4.
Will update.
03/30 second Zelle $501, let’s see if this works out in two months.
• 01/18 – Opened
• 01/23 – Push from Chase: $501.00 x2
• 02/12 – Push from Bank of America: $502.00 x2
Still nothing…
I’m in the same boat. It looks like this bonus posts 75-80 days or so after opening and meeting the reqs…That would put us around the April 7-10th time frame.
• 01/18 – Opened
• 01/23 – Push from Chase: $501.00 x2
• 02/12 – Push from Bank of America: $502.00 x2
Still nothing…
• 01/18 – Opened
• 01/23 – Push from Chase: $501.00
• 02/12 – Push from Bank of America: $502.00
Still nothing…
12/10: Account open
12/11: $502 push from chase (marked as transfer, memo: preauth deposit)
12/16: $501 push from chase (marked as transfer, memo: preauth deposit)
Nothing yet. Anything I did wrong or should I just wait.
My Legit DD shows the transaction “Category” as “Direct Deposit” so if you don’t see that you may want to try other deposit methods before the 75 day timer is up.
to add to this, I did a legit DD and shows as “transfer” in category.
12/10: Open
12/11: $502 chase push (coded as transfer)
12/16: $501 chase push (coded as transfer)
Still nothing. What may have I done wrong or should I just wait.
Is there a way to figure if the online transfer have triggered the DD requirement without calling the customer service?
don’t call the bank.
I was wondering about this too
How long does the bonus take to post
Is this churnable at all? I can’t find any language around that in the offer.
Yes, it is. I got my bonus 2 weeks back. Plz read the cooling-off period in terms.
I’m looking at https://www.capitalone.com/bank/offer300/, and all I can see that seems to apply is this: “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, 2023, you will be ineligible for the bonus”. Which would apply it’s actually not churnable. Am I totally missing something?
“…on or after January 1, 2023,” meaning if you previously had, and closed, an account before 1/1/23, you could open a new account and get the bonus again now. This date in the terms updates periodically so that it basically has to be about 1.5-2 years since you last closed the account, but as long as you close it, it is indeed churnable after that time passes.