Deal has ended, view more Capital One deals by clicking here.
The Offer
No direct link to offer, sent out via e-mail. Subject line is ‘How do you earn $100 just by using direct deposit?’
- Capital One is offering a $100 bonus when you set up two qualifying direct deposits each of $200 or more by March 8, 2022
The Fine Print
- Set up and receive at least 2 qualifying direct deposits each of $200 or more to your eligible Capital One checking account from November 8, 2021 to March 8, 2022. Eligible checking accounts include the Simply Checking, Total Control Checking, or 360 Checking Account, as indicated by the last 4 digits within the email communication. Bonus is only valid for one checking account.
- A qualifying direct deposit is a regular periodic payment, such as salary, pension, government payments (for example, Social Security), or other monthly income that occurs as an Automated Clearing House (ACH) or Real-Time Payment network credit from your employer or an outside institution. ACH credits or fund transfers initiated via the Capital One website or mobile app and wires are not considered a direct deposit.
- Capital One will report this bonus on IRS Form 1099-INT, which will be provided to the primary account holder, the IRS (and your state revenue authority, if required).
- Your bonus will be deposited into your eligible checking account within 30 days after we receive your second qualifying direct deposit, but no later than May 7, 2022.
Our Verdict
We don’t often see bank bonuses targeted towards existing users. You can see what has coded as a direct deposit in the past here.
