Capital One is running two $250 bonuses on new 360 Checking accounts and a tiered savings bonus worth $300 to $1,500, all live as of September 2026. The checking offers use promo codes CHECKING250 and DEBIT250; the savings offer uses BONUS1500 and requires a deposit of at least $20,000. The catch in every case is eligibility history, not effort. Capital One locks out anyone who has held the relevant account type in recent years, and the savings bonus ties up your money for 105 days at a rate that now trails the top of the market by more than a point.
Table of Contents
- The two checking bonuses, and why you can only take one
- Who is actually eligible
- The savings tiers and the 105-day lockup
- The rate is variable, which changes the math
- Tax, timing, and terms that can change under you
- Frequently Asked Questions
The two checking bonuses, and why you can only take one
Both checking offers pay $250 on a new 360 Checking account, which is Capital One's no-fee online checking product. The difference is how you qualify. Under promo code CHECKING250, you set up direct deposit and receive at least two qualifying deposits of $500 or more within 75 days of opening the account.
If you do not control your paycheck routing — you are self-employed, retired, paid through a platform that will not split deposits, or simply do not want to move your payroll — Capital One's DEBIT250 offer pays the same $250 for 20 qualifying debit card transactions of $10 or more inside the same 75-day window. That works out to roughly one $10 purchase every four days. The two codes sit behind a single "choose your offer" page, so you pick one route at application time and cannot stack them. Choose before you apply, because the code is attached to the account at opening.
Who is actually eligible
This is where most readers will be disqualified, and it has nothing to do with credit. The checking bonus excludes anyone who currently holds, or previously held, a 360 Checking, Simply Checking or Total Control Checking account with Capital One — as primary or secondary account holder — within the offer's lookback, which the terms date to January 1, 2022. Secondary holder is the trap.
A joint account you were added to years ago and forgot about still counts against you. So does an account you closed. The savings bonus runs its own, more recent lookback: it excludes anyone who held a 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings account on or after January 1, 2024. Quick eligibility check before you apply:.
- Have you ever held Capital One checking since January 2022, alone or jointly? If yes, the checking bonus is out.
- Did you hold any Capital One savings product on or after January 2024? If yes, the savings bonus is out.
- Can you route two direct deposits of $500+ within 75 days? If no, use DEBIT250 instead.
- Can you leave $20,000+ untouched for 105 days? If no, skip the savings tier.
The savings tiers and the 105-day lockup
The 360 Performance Savings bonus under promo code BONUS1500 pays on a sliding scale, as tracked by Doctor of Credit: $300 for a deposit of $20,000 to $49,999, $750 for $50,000 to $99,999, and $1,500 for $100,000 or more. The qualifying deposit is due within 15 days of opening the account. Then the money sits. You must hold the balance for 90 days after that 15-day funding window closes — 105 days in total during which a withdrawal that drops you below your tier costs you the bonus.
Plan the deposit at the top of a tier rather than the bottom: $49,999 pays $300, while one more dollar pays $750. Run the arithmetic against the rate before you commit. NerdWallet's September 2026 roundup lists Capital One 360 Performance Savings at 3.00% APY against a top-of-market 4.21%. On $20,000, that 1.21-point gap costs roughly $242 over a year — less than the $300 bonus, but the margin is thin and it narrows further the longer the money stays after the bonus posts.
The rate is variable, which changes the math
Capital One publishes the 360 Performance Savings APY as variable and effective 9/16/2026. There is no fixed rate and no rate lock. The bank can move the number any day, including the day after you fund the account, and the bonus terms do not protect the yield. The account itself carries no fees to open or maintain, no minimum balance, and the same rate on the entire balance — no tiered rate that punishes small deposits.
Interest accrues daily and compounds monthly. Capital One is separately promoting a limited-time 11-month 360 CD at its highest available consumer CD rate, with APYs also variable and effective 9/16/2026. A CD fixes your rate for the term, which the savings account does not — but CD money is term-locked and early withdrawal triggers a penalty. The savings bonus balance is only conditionally locked: pull it out early and you lose the bonus, not principal.
Tax, timing, and terms that can change under you
Bank bonuses are taxable income. Capital One reports deposit account bonuses as interest income on Form 1099-INT to the IRS, and to state revenue authorities where required. A $1,500 bonus taxed at ordinary income rates — 10% to 37% federally for 2026 — nets between $945 and $1,350 before state tax. Budget for it in the tax year the bonus posts, not the year you opened the account. There is no published expiration date on the $250 checking offer, and that is not the same as a guarantee.
Capital One reserves the right to end or change any of these terms at any time before acceptance, with or without notice — including the deposit amounts, which deposit sources qualify, the bonus amounts themselves, and the expiration dates. An unpublished end date means the offer can vanish on a Tuesday. Practical consequence: screenshot the full terms page at the moment you apply, note the promo code on your confirmation, and diary the deadlines. For checking that is day 75 from opening. For savings it is day 15 to fund and day 105 to withdraw freely.
Frequently Asked Questions
Can I open both a checking and a savings account to collect two bonuses?
The offers are separate products with separate promo codes and separate exclusion histories, so they are not mutually exclusive. Each has its own lookback, so you may qualify for one and not the other.
What counts as a qualifying direct deposit?
The CHECKING250 terms specify at least two qualifying direct deposits of $500 or more inside 75 days. Capital One reserves the right to change which deposit sources qualify at any time before acceptance, so confirm the definition on the terms page at the moment you apply.
If Capital One drops the savings rate during my 105 days, can I move the money?
Not without risk. The bonus requires holding the qualifying balance for 90 days after the 15-day funding window, so a withdrawal that drops you below your tier forfeits the bonus even if the rate falls.
Does a closed Capital One account still block me?
Yes. The checking exclusion covers accounts you previously held, not just current ones, going back to January 1, 2022 — and it applies whether you were the primary or the secondary holder.
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