Capital One checking and I have a bit of a storied relationship. Back in 2015 I had some “suspicious” behavior on my accounts (a car, a condo, and a ring is exceptional, but was actually all above board), and the next day all of my accounts were restricted, the next week all my accounts were closed, and I wasn’t eligible for any accounts. A few years later I was eligible for card products again, and just this year I was targeted for a checking account. $300 for a new account? Time heals everything, they say.
The framing is simple. Open a checking, set up direct deposit of $500+ with 2 deposits in the first 75 days, and within 3 months get a bonus. No fees, minimums, or other excitement. Given how easy employer direct deposit is (for me), I’m all for it.
It really was that painless.
– Account opened on August 8
– First direct deposit on August 20 ($500)
– Second direct deposit on September 3 ($500)
– New account bonus deposited on October 27 (+$300) — 80 days
The current offer (link) is *only* $250, but looks like otherwise the same requirements. I’m all for that free money regardless of the bank, particularly when it’s this easy. Given my $300 was targeted, maybe this is what’s available for the general public.
I’ll be honest and reflect I really like the $300, but also like that marketing copy. Too bad there wasn’t an in-online-account dollar bills rolling down the screen, too. Get on that, guys.