Capital One has a limited-time $300 checking account bonus! You can apply directly through the link below. You need two direct deposits of $500 or more within 75 days to trigger the bonus.
This offer is pretty good, so I have added it to the bank account bonus rankings.
There is also an offer that does not require direct deposit, but the bonus is only $250, a bit less than the direct deposit offer. If you cannot complete a direct deposit, this $250 offer is also a solid choice. For this one, you only need to make 20 debit card purchases of $10 or more, which is relatively much easier.
For debit card purchases, see:
If you open a Capital One Business Checking account now, deposit $5,000 within 30 days, and maintain it for 60 days, you can also get a $500 bonus. To avoid the monthly fee, you need to keep a $2,000 balance in the checking account.
If you open a Capital One savings account now and deposit funds, you can get up to a $1,500 bonus. In addition, this savings account has a 4.35% APY. If you have spare cash, it may be worth doing along the way.
The specific deposit amounts and corresponding bonuses are shown below. You need to deposit the required funds within 15 days after opening the account, keep the deposited funds there for at least 90 days, and the bonus will be paid within 60 days after you meet the requirements.
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Capital One Bank Overview
The Capital One 360 checking account is a product from Capital One Bank, the same company behind Capital One credit cards. Capital One is an FDIC-insured bank and is roughly the ninth or tenth largest bank in the U.S. by assets.
However, Capital One does not have branches across the entire U.S. If you need to withdraw cash, you will need to use one of its partner ATMs. Cash withdrawals are free, but you cannot deposit cash. That said, this account can be opened online with no geographic restrictions.
Capital One Checking Account
See the beginning of the post for the specific bonus.
Direct deposit
[11/14/2020] Based on current data points, transfers from Charles Schwab count as direct deposits and have been relatively stable. Note that the place to enter the code only appears in the “add funds” section, as shown below. Different offers may have different promo codes.
Fees
- This checking account has no monthly fee, so there is no need to worry about that.
Capital One Savings Account
See the beginning of the post for the specific bonus.
Fees
- This checking account has no monthly fee, so there is no need to worry about that.
Capital One Business Checking
See the beginning of the post for the specific bonus.
Fees
Basic has a $15 monthly fee, which requires a $2,000 balance to waive; Enhanced has a $35 monthly fee, which requires a $25,000 balance to waive.
Basic Checking account incurs a $15 monthly service fee, which can be waived with a minimum balance of $2,000. Enhanced Checking account incurs a $35 monthly service fee, which can be waived with a minimum balance of $25,000.
Summary
Both the savings account and the checking account have no monthly fee, which is quite user-friendly. The requirements are also relatively easy to meet, and the process is simple, so it may be worth trying if you have the bandwidth. Note that NRAs cannot open the account online, and you will also receive a tax form for any bonus received, generally a 1099-INT.
If you are interested in bank bonuses, you can refer to:
- Introduction to Checking and Savings Account Bank Bonuses [Updated 2022.5]
- Best Bank Account Bonuses [2026.2 Update: Up to $7,000 Bonus]
- Best High-Interest Account Bonuses [2026.2 Update: Up to 27.23% Annualized Return]
