This deal has expired, view more checking deals here.
Offer at a glance
- Maximum bonus amount: $200
- Availability: greater Boston, MA, Seattle, WA or Austin, TX areas
- Direct deposit required: Yes, two deposits of $250+
- Additional requirements: See below
- Hard/soft pull: Soft, as long as you opt out of overdraft protection
- ChexSystems: Mixed
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: April 30th, 2018
The Offer
- Capital One is offering a bonus of a year of spotify premium or $150 if you open a new 360 checking account and complete the following requirements:
- Use promo code SPOTIFY
- Receive 2 direct deposits of $250 or more
- Note it says you get a spotify premium membership, but really you just get $150 regardless of your Spotify account status
The Fine Print
- Starting March 7th, 2018, accept the terms and conditions for your first 360 Checking account by April 30, 2018, 11:59 p.m. E.T. Enter promo code SPOTIFY 2. Receive 2 direct deposits of $250 each within 60 days of accepting the terms.
- After that, you’ll see a $150 credit in your account within 60 days of receiving your second direct deposit.
- If you choose to sign up for or continue with a Spotify Premium subscription, then the $150 credit will cover the cost of your subscription for 12 months.
- Credit will be applied to the new 360 Checking account.
- No purchase of or ownership of Spotify Premium necessary to receive offer.
- Bonus will be rewarded regardless of Spotify account status.
- Capital One is only providing a credit to your 360 Checking account and is not prepaying your Spotify Premium Membership. You will still be billed monthly for your Spotify Premium membership, which you are responsible to pay. Membership based on Spotify’s terms and conditions.
- To qualify for the bonus, you must be the primary account holder, and this has to be your first 360 Checking account (this includes former Electric Orange accounts, too).
- You must be a legal resident in the greater Boston, MA, Seattle, WA or Austin, TX areas and enter promo code SPOTIFY upon opening to be eligible to receive the bonus.
- This offer cannot be combined with any other Capital One® or Capital One Bank® new account opening offer. 360 Checking account must be in good standing to receive the bonus. Direct deposits must be an electronic deposit of one of the following: your paycheck from your employer, Social Security/pension or other government benefits. Direct deposit is subject to employer or other payor options.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Account has no fees or early account termination fee to worry about.
Our Verdict
$200 offers come around on a somewhat frequent basis and this bonus is once per lifetime, so I’d strongly recommend you just wait until a better offer comes along. There is a $200-$600 money market bonus from Capital One currently if that interests you. Otherwise view the best checking bonuses by clicking here.
Hat tip to blueeyes_austin
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Just got notice that “Starting February 28, 2019, we will no longer offer bill pay services for your online Spark Business Checking (CapOne360) account” That royally SUCKS! So looking for a new home for that is free checking with bill pay.
in WA, opened my account 3/27, Schwab Brokerage transfers 4/4 and 4/9 of $250 each. Waiting for that $150 to post!
Bonus posted 4/17. Not bad! Seems like everyone has to wait 4-5 business days for the bonus to post.
Going for this one outside of the target range. Didn’t seem to have any issues getting through but I am already a Cap360 Savings customer. Fingers crossed!