Free money today! Earn up to $176 with Capital One.

It’s back!

This awesome promo from Capital One happens twice a year – once during Black Friday in November, and again during the Fourth of July weekend.

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This deal is good through July 3, 2014 at 11:59 pm ET. All you have to do is open a new checking or savings account through Capital One 360 to earn cash bonuses. Both accounts are free and carry no monthly fees. You can sign up for a checking account to earn $100 and a savings account to earn $76. That’s $176 in free money!

I have both a checking and savings account with Capital One, and I have been very happy with their customer service. I’ve been with them for years, since they were ING Direct, and I will stay with them for as long as they’ll have me. I’m loyal because they’ve been great.

I find it useful to have more than one checking and savings account, because I like to keep certain deposits and expenses separate. If you like to do the same thing, this is a great opportunity to get a little cash in your pocket at the same time.

Note that the checking account usually requires a hard pull on your credit report, so if you are concerned about that, you may want to simply stick with the savings account.

Here are more details on the promo:

Earn a $76 bonus when you open a 360 Savings account:

  1. Grab $76 when you open a no-fee 360 Savings® account.
  2. Open your account between June 30th and July 3rd.
  3. Make a deposit of $500 or more.
  4. This has to be your first 360 Savings account (this includes Orange Savings Accounts, too).
  5. The bonus starts earning interest on day one, but you can’t take it out for at least 30 days.
  6. 0.75% variable Annual Percentage Yield (APY) effective 6/30/2014.

Get a $100 bonus when you open a 360 Checking account:

  1. Snap up $100 when you open a a 360 Checking® account.
  2. Open your account between June 30th and July 3rd.
  3. Sign up for fee-free 360 Checking®, then make 5 Debit Card purchases and/or 5 mobile deposits with CheckMate within 45 days.
  4. This has to be your first 360 Checking account (including Electric Orange Checking).
  5. Your $100 bonus will be automatically added to your account on day 50.


Is a credit check required? The checking account has overdraft protection, which acts as a temporary line of credit, should you overdraft on your account. Because of this protection, it usually means a credit check.

Your credit is NOT pulled for opening a savings account.

Is there a balance minimum? Yes. For each savings account, you must deposit $500. There is no minimum deposit for the checking.

Can I qualify for multiple bonuses? Each account holder is allowed one bonus for each account.

How long do I have to make my five purchases for the checking account? You must make the required purchases for the checking account within 45 days to receive the $100 bonus.

Can I sign my kids up for this offer? You must be 18 years of age to open both the 360 checking and/or the savings account, but your kids can also have their own accounts that come with $25 bonuses.

Can I cancel without penalty? Yes, but you must wait the 50 day minimum to get the bonus.

How long will it take to receive my debit card in the mail?  Once you’ve opened the account, you should receive your debit card within 7 business days.

If I had an account with ING Direct, do I qualify for this bonus? Unfortunately, no. If you had an account with ING Direct, you are considered a previous customer.

Yay for free money! Hopefully some of you will be able to take advantage of this great deal.

(Note that I do get a referral credit if you use one of the links above. I really appreciate and thank you for your support!) 


  1. Any idea if the initial fund on the savings account can be through CC? 😉

  2. …or we can dump some orphan gift, I mean debit, cards into Cap One to fund:)?

  3. ptahcha says:

    Bear in mind that they will send a 1099-INT, which you need to report as income and pay income tax as applicable.

  4. Rebecca says:

    doh! I missed it, will try to remember to keep an eye out in 6 mos

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