Last month, I mentioned my love for Capital One 360. We keep all our sink funds in Capital One savings, and our virtual grocery cash envelope is in a Capital One 360 checking account.
If you have been thinking about opening an account at Capital One 360, I wanted to let you know that they are once again offering a $50 cashback bonus when you sign up for a Capital One 360 checking account.
(Note: We have both the checking and savings – and love them equally. But the $50 bonus only applies to those that open a checking account.)
Besides getting $50 for free, here are some of the other things I love about my Capital One 360 account:
- You can choose to have overdraft protection – or not. We don’t have it. Since Capital One 360 doesn’t let you spend a penny past $0 without overdraft protection, we’ve found this to be the perfect way to insure that you (i.e. we) are not overspending.
- It’s totally free to have a Capital One 360 account and you don’t need to maintain a minimum balance.
- There are some 35,000 ATMs around the country that you can use for FREE with your Capital One 360 debit card.
- You can link your Capital One 360 account to your brick-and-mortar checking account, or you can establish it as your primary account.
- You can get free paper checks if you need/want them – although I like being paperless.
To qualify for your $50 bonus, you need to open a Capital One 360 Checking account and make a total of 3 purchases (either signature or PIN-based) using your Check Card or Person2Person Payments, or any combination of the two, within 45 days. On Day 50, you will get $50 deposited into your account.
Go here to Open a Capital One 360 Checking account.
Is yours linked to regular bank account? what’s the pro and con of that?
Ours is linked to our regular checking account. Since we use our checking account as a virtual cash envelope for groceries only, I transfer our grocery budget to that account once a month. I don’t use it as our main checking account. Hope that helps!