Capital One Business Checking Bonus
Capital One has launched a new promotion that can get you a nice bonus when opening a business checking account. You can get $500 if you fulfill all of the Capital One Business checking bonus offer requirements. There used to be a higher tier $1,000 bonus available too, but that doesn’t seem to the case this time around. They also removed the requirement that you had to be business credit cardholder last time around.
The Offer
Here are the details for the Capital One business checking bonus offer:
- Open a new Basic or Enhanced Checking2 account online with promo code SBOFFER500.
- Deposit at least $5,000 from non-Capital One accounts within 30 days of account opening.
- Maintain the minimum required end of day balance for at least 60 days during the first 90 days of account opening.
- Make 10 qualifying electronic transactions within 90 days of account opening.
- Qualifying transactions include:
- Electronic wire
- Electronic ACH
- Remote check deposit.
- Qualifying transactions include:
Key Terms
Here are some notable terms for the Capital One business checking bonus promotion:
- To become eligible for the offer bonus, you must complete the following qualifying activities on the newly opened Basic or Enhanced checking account:
- 1) Within 30 days of account opening, deposit at least $5,000 from an external source (cash deposits and funds sourced from an account with another financial institution that was not affiliated with Capital One prior to January 1, 2025, qualify; transfers between Capital One accounts do not qualify);
- 2) maintain a minimum end-of-day balance of $5,000 for at least 60 days within 90 days of account opening;
- 3) make 10 qualifying electronic transactions within 90 days of account opening. Qualifying transactions only include electronic wire (credits or debits), electronic remote check deposit, electronic ACH (credits or debits), and instant transfers (credit or debit, from an outside entity not affiliated with Capital One prior to Jan 1, 2025).
- Capital One will deposit the bonus into your new business checking account within 45‑60 days of meeting all the offer requirements. The bonus will be reflected on your monthly statement.
Eligibility Details
Here are some notable terms for eligibility requirements
- Offer restrictions:
- 1) Capital One reserves the right to end or change the terms of this offer at any time prior to you accepting the offer, with or without notice. Changing the terms of this offer could result in a change to any of the offer requirements such as, but not limited to, the required deposit amounts, qualifying transactions, or the bonus amounts.
- 2) Applicants who are users on Capital One Business checking accounts open on or after January 1, 2025 are ineligible for the bonus.
- 3) Offer applicable for online account openings only. Any account not opened online will not be eligible for the offer.
- 4) All applications are subject to approval.
- 5) Only one account per business will be eligible for the bonus offer.
Monthly Fees
No one likes to lose some of their bank bonus to monthly fees. Here is how you can avoid them when going after this checking bonus:
- Basic Checking account incurs a $15 monthly service fee, which can be waived with a minimum balance of $2,000.
- Enhanced Checking account incurs a $35 monthly service fee, which can be waived with a minimum balance of $25,000.
Capital One Business Checking Bonus Offer
This is a very good bonus from Capital One as it only requires you to keep the money in the business checking account for 60 days. Just don’t forget to make 10 qualifying electronic transactions within 90 days of account opening.
Basic Checking is the best option as you can waive the $15 monthly fee with a $2,000 balance which should be fairly easy to do. Let me know if you plan on taking advantage of this checking bonus down in the comments below.
HT: Doctor of Credit
