If you want a greater return on your cash, Capital One also offers a high-yield savings account that earns 4.30% APY, winning it a place in our top picks for best savings accounts. But you can receive your first checkbook for free through your online checking account. ![]() However, there are a few banking services that will result in charges, including cashier’s checks, outgoing wire transfers and additional printed checks. You can opt for auto-decline, which enables Capital One to decline any transactions that would overdraw your account, or an automatic transfer from a linked savings or money market account. Additionally, you can deposit cash into your account at any CVS store.Ĭapital One doesn’t charge overdraft or nonsufficient funds fees, and there are no fees for overdraft protection. Capital One also has a network of over 70,000 ATMs, where you can withdraw or deposit money fee-free. Though that isn’t as high as the APYs offered by some dedicated high-yield checking accounts, you get the benefit of banking with a large, established institution with physical branches (and cafes) to manage your money nationwide. But unlike the checking accounts offered by most other big banks, Capital One’s 360 Checking account doesn’t have a minimum deposit requirement or a monthly maintenance fee, and it offers 0.10% APY on all balances. Why we like Capital OneĬapital One is one of the 10 biggest US banks based on consolidated assets, according to the Federal Reserve’s most recent data. Keep in mind that bank account bonuses are considered income by the Internal Revenue Service, or IRS, so the amount of your bonus will be reported on a 1099-INT form. If you meet the listed requirements and eligibility criteria, the bonus will be directly deposited into your account within 60 days after your second qualifying direct deposit posts to your account. You aren’t eligible for the bonus if you’ve opened a 360 Checking, Simply Checking, Total Control Checking or Money Teen Checking account as a primary or secondary account holder on or after Jan. A qualifying direct deposit includes regular periodic payments, such as a salary pension and government payments like Social Security or other monthly income from an employer that processes as an Automated Clearing House or real-time payment network credit on your checking account. You must also set up and receive at least two qualifying direct deposits, of at least $250 each, within the first 75 days of opening the account. To earn the new account bonus, you have to enter the promo code BONUS350 in the Promo Code box on opening the account. 18, 2023, and complete qualifying activities. The table below shows you some of CNET’s partners’ savings offers.Ĭapital One’s 360 Checking account bonus detailsĬapital One is offering a $350 bonus when you open a new 360 Checking account by Oct. If you’re looking to open a savings account along with a checking account, compare different APYs and account benefits before moving your money. Here’s everything you need to know about Capital One’s 360 Checking bonus offer, what you need to get it and what you should keep in mind before committing. A sign-up bonus is a cherry on top - if all the other features check out. When it comes to finding the right checking account, it’s important to land on one with no fees, easy access, convenient banking features and perhaps even a competitive annual percentage yield. ![]() This bank’s 360 Checking account even earns a little bit of interest - and right now it offers a $350 bonus.Ĭhecking accounts don’t get as much attention as savings accounts, CDs and money market accounts in the current rate environment, but most of us rely on these accounts for everyday transactions. If you’re looking for a new checking account with no monthly maintenance fees and no minimum deposit requirements, Capital One offers a great option.
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