Open a Checking Account – Get $50 Bonus

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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.


  1. 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!

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