This deal has now expired, you can view all the current business savings bonuses here.
Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: Must have a business
- Hard/soft pull: Soft
- Credit card funding: Unsure
- Monthly fees: NoneÂ
- Early account termination fee: None, account must be kept open for a minimum of one month to withdraw bonusÂ
- Expiration date: None listed
The Offer
- Receive a $100 bonus when you open a business savings account with Capital One 360
The Fine Print
- Bonus is deposited at the time of account opening, but cannot be withdrawn for 30 days
- Bonus only available to new Capital One 360 business savings account customers
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
- APY of 0.4%
Avoiding Fees
This account has no monthly fees and no early account termination fee. Keep in mind that you’ll need to keep the account open for at least 30 days, as you can’t withdraw the bonus within 30 days of account opening.
Our Verdict
For people that have already opened the personal checking and business accounts with Capital One 360, this is another nice bonus. The downside is that you’ll need a business to apply for this account. They also required you to fax them some documents to prove your businesses existence, what is required is dependent on the type of business you have. You can view those requirements by clicking here.
I have a business so I could apply for this account and receive the bonus. At the moment I’m going to pass on this deal as I don’t have the time required to go back and forth with sending documents. I’ll most likely complete this offer when I have more time available to me. I’m also interested to see if applying for this business account results in a personal ChexSystems inquiry or not.
Capital One (not 360) also has a business bank promotion for $250, although the requirements to get the bonus and keep the account fee free are a little bit more difficult to meet. We’ve also created a business section on our bank bonus page.
