Offer at a glance
- Maximum bonus amount: $600
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: Use promo code
- Hard/soft pull: Soft (overdraft protection no longer being offered)
- ChexSystems: Mixed. EWS sensitive according to the comments
- Credit card funding: None
- Monthly fees: $15, avoidable
- Early account termination fee: None
- Household limit: None listed
- Expiration date: Unknown
The Offer
No direct link to offer, being sent out to existing clients currently. Suspect there will be a public bonus at some stage and we will repost when this is the case.
- Capital One is offering a bonus of $600 when you open a new business checking account and complete the following requirements:
- Use promo code BIZCHK600
- Deposit $10,000 within 30 days of account opening
- Maintain a balance of $10,000+ for 60 of the first 90 days of account opening
- Complete 10 eligible transactions (not including debit card, need to be ACH debits or credits and a few other options)
The Fine Print
- You’re eligible as long as you haven’t had a business account. for that business in the past 90 days
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
Basic business checking has a $15 monthly service fee, waived with $2,000 minimum balance
Early Account Termination Fee
There is no early account termination fee
Our Verdict
Not sure when the last Capital One business checking bonus was, I do think this is worth doing if you are targeted and hopefully it becomes public. If you put the $10,000 into a 5% account for the 60 days you’d earn ~$84 so this is significantly better.
Hat tip to DougieChurns
Useful posts regarding bank bonuses: