This checking bonus has expired and is no longer available. Click here for a list of the best checking bonuses.
Please note both of the below offers are targeted. In addition the landing pages don’t mention the bonus. In the past some people have gotten Capital One bonuses even if not targeted (datapoints in the most recent money market bonus here). I’m not at all confident of this being the guess with these bigger bonuses, especially considering they don’t show the actual bonus but YMMV.
Offer at a glance
- Maximum bonus amount: $500/iPad
- Availability: Nationwide but targeted
- Direct deposit required: Yes, two deposits of $250+ for iPad deal
- Additional requirements: See below
- 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: December 31st, 2017
The Offer
Direct link to offers: iPad deal | $500 Money Market Deal
iPad deal
- You’ll get your very own iPad when you open a 360 Checking account by December 31, 2017, and receive two direct deposits of $250 or more each within 60 days of opening your account. You’ll then receive your new iPad within 5 weeks
$500 Money Market Deal
- Use promo code MY500BONUS and deposit $50,000 or more by December 31st, 2017
The Fine Print
- You must have received this offer directly from Capital One, be the primary account holder of an existing 360 Savings or Money Market account, and this has to be your first 360 Checking account (including former Electric Orange accounts).
- The value of this iPad may be reported to you on IRS Form 1099-INT.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Neither account has any monthly fees to worry about and there is also no early account termination fee either.
Our Verdict
As mentioned at the start, I think this will actually be enforced this time. There is currently a $200 money market account bonus that only requires a deposit of $10,000. That is also targeted, but doesn’t seem to be enforced according to the comments. If anybody decides to risk it, let us know how you go. I won’t be adding this to the best bank bonuses for obvious reasons.
If you’re actually targeted then the iPad deal looks good, not sure what type of iPad you get or how much they value it for tax purposes those. The money market bonus is as high as they offer, but the deposit requirement is equally as high so that will vary from person to person a lot.
Hat tip to reader Jonathan for the Money market deal and reddit user artgriego for iPad deal
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
