Get Paid $200 When You Open a Free Checking Account and Savings Account {GONE}

December 2, 2013 45 Comments | Disclosure

Today is the last day!!

Sorry everyone, they ended earlier than 11:59 pm EST on 12/2.  :(

It’s back!  I’m so excited to share this fantastic deal on my favorite checking account (the savings account is awesome too!).  Opening this account right now and using it as your Christmas fund account will not only help you stay in your budget, but you’ll earn $$$ by doing so!

Wondering how you can get PAID $200 to open a Checking and Savings Account?

Get a $125 Bonus when you open a
Capital One 360 Checking Account

Get a $75 Bonus when you open a
Capital One 360 Savings Account!

***If you’re going to open both accounts, readers are reporting that you should open the savings account first, then open the checking account. :) ***

What’s the catch?  It’s crazy easy!!

 Open a no-fee Capital One 360 checking account (between 11/29-12/2) and earn a $125 bonus if:

  • you make a total of 5 debit card purchases and/or deposits in the first 45 days
  • this is your first 360 Checking account (I opened one last year, my husband is going to open his own this year)
  • on day 50 (after opening your account) Captial One will deposit $125 into your checking account (that’s in January)!
  • YES… it’s THAT easy!!
  • NO minimum deposit required to open a 360 checking account!

Open a Capital One 360 savings account (between 11/29-12/2) and earn a $75 bonus if:

  • this is your first 360 savings account (including Orange Savings  Accounts)
  • initial deposit into this savings account needs to be $500 or more
  • (I like the savings because you can set up automatic transfers to help you save $$!)

Capital One 360 Black Friday Deal and Review

Why Capital One 360 is an Awesome Way to Bank:

  • No overdraft fees (you are only charged interest on your negative balance)
  • No monthly fees
  • 35,000 Free Allpoint™ ATMs
  • No minimum deposit required!
  • Make your deposits using your smart phone or a scanner and your computer!  No driving to the bank and waiting in lines! I LOVE THIS!

Why I Love My Capital One 360 Checking

Last year I opened my own personal checking account to budget for Christmas Gift Giving.  I’ve been using it ever since and it has now become the account where all the grocery money, gas (for my car) money, and other misc things I need.  I love segmenting our budget by accounts.  But there are even more reasons to love this checking account.

  1. I love that instead of driving to the bank to make a deposit, I can use the app on my phone to make deposits (just by snapping a picture of the check!).  It seriously only takes 2 minutes!
  2. I love that there are NO overdraft fee’s!  You just pay interest for the money you borrow.  Say GOODBYE to $35 overdraft fee’s!
  3. I can also connect my other checking accounts to it for super easy transfers.
  4. It’s TOTALLY FREE checking!!!!  No annoying monthly fee’s!
  5. Getting PAID to open an account ROCKS!

Click here to start saving with Capital One 360

Feeling unsure about it?

This is a reputable company that I can personally vouch for.  I love that there are THOUSANDS of FREE ATM’s!  Locally I can find them in Costco, Walgreens, and many more… there are a total of 70 locations with in 20 miles of my zipcode!!   This is a great way to MAKE MONEY for opening a checking account, and you’ll SAVE money because there are NO FEE’s!!

 Answers to your FAQ’s: 

  • No there are no fee’s or penalties when you close the account
  • There is no minimum deposit
  • The first deposit is made by making a transfer from your exisiting checking into 360 checking.
  • Making a deposit is easy… just scan your check and upload it to your account OR use their smart phone app and snap a picture of your check.
  • They may offer you an overdraft account.  You do not have to accept the offer.
  • As all banks do, they will pull your credit in order to determine eligibility.  If you are about to buy a house, then don’t do this right now.
  • I put enough money in the account to cover the rest of my Christmas shopping.  Not only will this by an easy way to track my spending, it’ll help stop over spending!

December 2nd is the last day for This Offer!

Feel free to ask me any questions!!  Although I’m not a financial adviser, I’ll do my best to answer them. 


  1. Is the fact that I’m on PST time make me ineligible for the $125 offer? I was given a $50 offer.

  2. Is there a minimum balance required to maintain the savings account? I see you have to deposit $500 to get the bonus, but do you have to leave $500 in the account for at least 50 days?

    • This is the info they gave me: Get a $75 bonus when you open a 360 Savings® account:

      The bonus starts earning interest on day 1, but you can’t take it out for at least 30 days.
      The variable Annual Percentage Yield (APY) is 0.75%, effective 11/29/2013.

      So I think you have to wait 30 days. If you get the checking account also, you can easily transfer between the two.

  3. If you need to make 5 debits in the 1st 45 days, do they send you a debit card quickly? And would ACH withdrawals count?

    • You get it in about a week. Deposits count towards the five as well and no ACH withdrawals don’t count. Using your card does. You’ll have plenty of time though! :D

  4. Christina LaBrasseur says:

    Are you able to deposit cash somehow? Thru the ATM maybe?

  5. I couldn’t find the savings account link. I opened up the checking account, but I wasn’t offered anything for savings. Do you have any suggestions?

    • Stacey, the link is in the post above in the blue writing where it says, “Open a Capital One 360 savings account (between 11/29-12/2) and earn a $75 bonus if: “

  6. It says they pull your credit to determine eligibility. Does this mean you can be denied?

  7. If you do a joint checking account will your spouse be eligible to open their own account with this promo?

  8. Hi! Thank you for the info! You say the checking account can be opened using your existing checking account, can you explain this a little more please? I have an e-bank account and have no checks, can I still open an account? Can you open a checking account with cash or a transfer? Can you open a checking with them if you have no other bank accounts at all anywhere? Thank you!!

    • The first deposit to the new checking account is made via online transfer from your existing checking account. Yes, you can send money from your ebank account to the 360 account. They will link them together so you can always transfer $. I’m not positive that opening an acct w/ them if you don’t have any sort of bank acct will work. Although, maybe you can deposit a check using the app or scanning and uploading a check. Start the process and they’ll take you right through it. Let us know if you find out differently!

  9. Can you close this account after receiving the bonus? Do they require you keep it open for a certain time frame?

    • Yes, there are no strings. You can close the account on day 51 (the day after you receive the bonus). Although, truth be told, I bet you’ll love it by then and keep using it! :D

  10. I just went into a branch in Tri-Cities, WA. and was told that the deal was only for 11/29 they couldn’t give us the bonus today. :(

  11. Do the app deposits through your phone count?
    or transferring money from your primary?

  12. Whenever local banks offer similar bonus deals, the fine print includes the disclosure that they will send you a tax form come tax time. Is it true of this deal also?

    • I did not get a tax form. I know you’ll get a 1099 from any place that gives you more than $600.00. Since this is under $599, no 1099 was sent to me last year.

  13. If my husband is listed as second account holder on the one I opened last year would he still qualify for this bonus if he opened his own?

  14. I opened up both accts, but haven’t made any deposits yet. Actually, I’m not sure I can as it showed 2days to process. Any thoughts? I opened both to earn the $200.

    • You have 45 days to do the 5 transactions, so put some money in that account that you won’t need for a few days and then you can make some transactions… you’ll get paid the $125 and $75 bonuses in January (50 days from when you opened the accounts).

    • Yes, it will take up to 2 days for you to confirm your account and I couldn’t open a savings yet without being able to confirm my checking account. SO, I called them and he said he would make a note on my account that I called and he said when I call back with the amounts of the two small deposits (needed to confirm acct) that they could open the savings then and the bonus amounts would be honored. So call them…I wouldn’t want you to miss out!!

  15. Is this for capital one online banking? I don’t have any branches where I live, will I still be able to use the acct.?

  16. since this is an e-bank account do we have til midnight?

  17. I signed up! Thank you SO much! That cash will definitely come in handy in January. ;)

  18. Karen Chaplin says:

    Hi, I clicked on the link and the reward is only $50 not the $125 you have stated :-(

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