[Expired] [Targeted] Capital One $600 Business Checking Bonus

Offer at a glance

  • Maximum bonus amount: $600
  • Availability: Nationwide
  • Direct deposit required: No
  • 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: $15, avoidable
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date: Unknown

The Offer

No direct link to offer, being sent out to existing clients currently. Suspect there will be a public bonus at some stage and we will repost when this is the case.

  • Capital One is offering a bonus of $600 when you open a new business checking account and complete the following requirements:
    • Use promo code BIZCHK600
    • Deposit $10,000 within 30 days of account opening
    • Maintain a balance of $10,000+ for 60 of the first 90 days of account opening
    • Complete 10 eligible transactions (not including debit card, need to be ACH debits or credits and a few other options)

The Fine Print

  • You’re eligible as long as you haven’t had a business account. for that business in the past 90 days
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Basic business checking has a $15 monthly service fee, waived with $2,000 minimum balance

Early Account Termination Fee

There is no early account termination fee

Our Verdict

Not sure when the last Capital One business checking bonus was, I do think this is worth doing if you are targeted and hopefully it becomes public. If you put the $10,000 into a 5% account for the 60 days you’d earn ~$84 so this is significantly better.

Hat tip to DougieChurns

Useful posts regarding bank bonuses:
    William Charles
  • On November 1, 2024, 08:00
Tags: direct deposit not requirednationwide checking bonusessoft pull

View Comments (157)

  • I think the fee is $15 mo. if the balance falls below $2000 for the mo. or for 90 day avg?. I moved $10k out so the balance was only$1k. I moved $3000 back a day later so it was $1k for 3 days and back up to $4000 now. wondering if this will avoid the monthly fee? does anybody know if this is waived for new accounts?

    • For Basic Checking customers, the $15 monthly fee can be waived with a $2,000 minimum 30- or 90-day average balance.
      Yes, they won't charge you a monthly fee. You can safely withdraw $2,000 again.

  • Anyone else still waiting for the bonus? I'm at day 95 today and haven't gotten it but the terms do say 45-60 days after the 90 day timeframe. Looks like one person below received it at around day 95. I met all the requirements but will be moving out most of the $10k balance now since after day 90.

    • To my knowledge, no DPs of bonus posting yet.

      @guest_1942328 @guest_1945365 @guest_1942760

    • Same here, passed day 90 mark and moved fund out, waiting for bonus. If I remember correctly that person who reported receiving the bonus later found that the "bonus" was an actually ACH transfer, and his bonus was not posted yet

  • I received the bonus on 02/03/25. However, the amount deposited was $390 instead of $600. I don’t know why I received $390.

    • Probably tax withholding?

      Did you maintain the balance 60 days from the $10k was deposited or did you maintain it till day 90? I am trying to figure out whether I can pull funds out.

      • If the tax withholding is $210, the tax rate for $600 should be 35%. Isn’t the typical withholding rate 22%?

        11/02/24 Open
        11/25/24 Deposit $10,000.00
        11/25/24 ~ 12/31/24 Over 10 eligible transactions
        01/31/25 Day 90 of Account Open
        02/03/25 Bonus $390.00
        02/04/25 Withdraw

        I maintained $10,000.00+ until Day 94.

            • Complete 10 eligible transactions (not including debit card, need to be ACH debits or credits and a few other options)

            Yes, it should be. The deposit is an ACH credit.

        • That is a good point. $390/(1-22%)=$500

          If 22% withholding the bonus should be $500

          Probably need to reach out to customer service to figure out what is going on.

          Thanks for the timeline! I'll maintain the $10k till day 90 before pulling out.

          • It was my mistake. The $390 wasn’t a bonus, it was another ACH. Sorry for the confusion. I haven’t received the bonus yet, and the money has already been transferred.

  • Customer service is saying it pays 45-60 days after the 90 day period. Of course, there's no way to see this information, so who knows. The question is can be pull our $ out now, since we are losing interest...?

    • “Maintain a balance of $10,000+ for 60 of the first 90 days of account opening”, it seems require holding for 60 days after deposit of $10k, but I'll play it safe leaving the balance till day 90 and then move out.

  • Anyone else already met the 60 day hold period and now waiting for the bonus? I don't recall anyone sharing an excerpt of the terms that detailed when the bonus would post.

  • I received a prompt upon login to call if my business information has changed--it said potential action required. Something about federal law requirements. I clicked out of the prompt but now I think maybe I should have called in. Has anyone else seen this?

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