[Expired] Capital One 360 Black Friday 2014 Sale Is Now Live: $100 Checking, $100 Savings And $40 Referral

[Expired: This deal has now expired, I imagine that a similar deal will come back for Independence day next year. In the mean time browse our full listing of other checking and saving sign up bonuses or just skip to our best of list. You can also find the standard sign up bonuses below for Capital One 360 products. I wouldn’t recommend signing up for either until the sign up bonus increases]

• Receive $25 By Opening A Capital One 360 Savings Account & Fund It With A Minimum Of $500
• Receive $50 For Opening A Capital One 360 Checking Account

Capital One 360 has two major “sales” every year. One is on Independence Day and the other is on Black Friday. Let’s have a look at their Black Friday offerings this year and then at the end of the post we’ll be comparing them to bonuses they have offered in the past. Remember, it’s only possible to get these bonuses once per lifetime (apart from the referral bonus) and this includes people that have previously held ING accounts.

$100 Checking Bonus

Direct link to offer

1. Open your account between November 28th and December 1st
2. Make an initial deposit of at least $250, this does not need to be a direct deposit of your payroll or government benefits. Any ACH transfer will work.
3. Complete a total of five or more: debit card purchases, deposit checks or any combination of both within 45 days
4. Bonus will post directly to your account on day 50

[Read: How to easily meet debit card transaction requirements]

Opening this account is a soft credit pull as long as you don’t opt for overdraft protection. They’ll also do a ChexSystems inquiry when opening this account.

$100 Savings Bonus

Direct link to offer

1. Open your account between November 28th and December 1st
2. Deposit at least $1,000 and keep it in your account for a minimum of 30 days
3. Receive your $100 bonus directly into your savings account

The savings account has an APR of 0.74% which is competitive but around 0.25% off the higher tier rates. It really doesn’t matter too much given the length your required to keep the small balance of $1,000 in there though.

$40 Referral Bonus

Direct link to offer

1. Refer friends and family between November 28th and December 1st
2. Receive a $40 bonus when they do at least one of the following:
   1. Open a 360 savings account and deposit at least $1,000
   2. Open a 360 checking account and deposit at least $250
   3. Open a kid savings account (unclear if a minimum deposit is required)
   4. Open a MONEY account (unclear if minimum deposit is required)
3. You’ll only receive the $40 bonus for the first 50 people you successfully refer (e.g this is capped at $2,000)

Keep reading to see how you can share your referral links in the comments.

Historical Data

Here is what Capital One 360 has offered in the past:

• 2014 Independence offers: $100 Checking bonus, $76 Savings bonus
• 2013 Black Friday offers: $125 checking bonus, $75 savings account bonus, $150 ShareBuilder Brokerage Bonus, refer-a-friend promotion.
• 2013 Independence Day offers: $100 checking bonus, $76 savings account bonus, $176 ShareBuilder Brokerage Bonus, refer-a-friend promotion.
• 2012 Black Friday offers: $125 EO bonus, $10 Kids Savings account bonus, refer-a-friend promotion, Debit MasterCard cashback bonus
• 2012 Independence Day offers: $152 EO bonus, $76 ShareBuilder Brokerage Bonus, $27.76 MONEY account bonus, $17.76 Kids Savings account bonus, refer-a-friend promotion, ShareBuilder IRA rollover bonus
• 2011 Back Friday offers: $107 EO bonus, $32 MONEY account bonus, $27 Kids Savings account bonus
• 2011 Independence Day offers: $126 EO bonus, $76 ShareBuilder bonus, $76 IRA bonus
• 2010 Black Friday offers: $103 EO bonus, 2% 3-year IRA CD
• 2010 Independence Day offers: $76 EO bonus, $76 Sharebuilder bonus
• 2009 Black Friday offers: 2% 12-month CD, $121 EO bonus

Our Verdict

I love bank bonuses and Capital One 360 is pretty competitive. My only worry is that by applying for both the savings & checking account you might get hit with two ChexSystems inquiries which might limit you in how many other bonuses you can go after (most people don’t have any problem doing 10-12 in a year. So this is only a concern for those who do a lot of these every year).

I’ve already got both of these accounts otherwise I’d probably apply for one of these accounts. The savings bonus is $24-$25 higher than it usually is, but the checking bonus sometimes goes as high as $125. My recommendation? Wait till we see if this results in one or two chex inquiries, if it’s just one then go after both bonuses. If it’s two? Then get the savings account bonus for now and wait till the checking bonus goes back up to $125.

If you’d like to share your referral links in the comments, then you can do so. BUT you must also let us know about one bank bonus that is over $100 that has not been mentioned on this site OR let us know about a Black Friday Deal that nets at least $5 in profit.