If you are interested in opening up a checking account with a trusted bank with the opportunity to earn a bonus, opening a 360 checking account with Capital One would certainly be a viable option. There is a $25 bonus that is available exclusively for 360 checking accounts with a new Capital One 360 customer as the primary account holder. Therefore, if you have never opened up a checking account before with Capital One, Capital One is now rewarding new account holders with the opportunity to add a little extra money to their account.
Although you don’t receive the $25 bonus immediately at the time you open the 360 account, the requirements to earn this bonus are relatively straight forward and reasonable. The first requirement is to open the account with an initial deposit of at least $250 from a non-Capital One 360 account, which isn’t an exorbitant amount of money for someone who has a stable job. Another requirement is that new account holders must make a total of at least 3 Debit Card purchases or Zelle payments under the account within 45 days of account opening. This isn’t a far-fetched requirement as a purchase of a Gatorade bottle from a gas station every two weeks within the first six weeks of opening the account with the given debit card will allow you to meet this requirement. Once you meet both requirements, the $25 bonus will be added to your account on the 50th day of having the checking account. This is an easy $25 to be made. The bonus starts earning interest upon deposit and is available to be withdrawn immediately upon deposit.
Finally, the Annual Percentage Yields (APY), is only .2% for balances up to $49,999.99. This allows you to not worry about keeping a certain amount of money in the 360 checking account. Overall, opening a 360 checking account with Capital One is certainly a viable if not an ideal option for college students or part-time workers who want a little extra money in their pocket, without having to worry about any fees or minimums. The flexibility of the 360 checking account is why it is a recommendable option to opening a checking account with Capital One for the first time.
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