DOC Compass — Offers, decoded

Offer at a glance

Maximum bonus amount: $200 for checking & $200 for savings
Availability: Nationwide, but targeted
Direct deposit required: Yes, two direct deposits of $250+ each for checking bonus
Additional requirements: Use promo code BUN654
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 mentioned
Expiration date: July 31st (slightly different one available until August 31st)

The Offer

Direct link to offer

Open a new Capital One 360 Money Market account and get a bonus of $200 when complete the following:
- Use promo code BUN654 this is not autofilled! (Should be found under the funding your account tab)
- Deposit $10,000 or more by July 31st, 2017
Open a new Capital One 360 checking account and get a bonus of $200 when you complete the following:
- Use promo code BUN654 this is not autofilled! (Should be found under the funding your account tab)
- Receive two direct deposits of $250 or more within 60 days of accepting the terms.

The Fine Print

These offers are only available for new customers and cannot be transferred.
If you’re an existing Capital One Bank or Capital One 360 customer or a Capital One Associate you won’t be eligible for the bonuses. To receive any of these cash bonuses, your account must be in good standing (not in default, closed, or suspended).
If you open an account through a business, it may be subject to closure/conversion. Bonus is only available for one 360 Checking account and one 360 Money Market account, and multiple new accounts will not qualify.
You must have a valid Social Security number to open a 360 Money Market or 360 Checking account.
Here’s how to qualify for the cash bonuses:
$200 360 Money Market account bonus:
Open your first Capital One 360 Money Market account online and deposit at least $10,000 no later than July 31, 2017, 11:59 p.m. ET.
Capital One will deposit the $200 cash bonus into your money market account approximately 6-8 weeks after you accept the account terms and conditions
$200 360 Checking account bonus:
Open your first Capital One 360 Checking account online no later than July 31, 2017, 11:59 p.m. ET.
Receive two direct deposits of $250 or more each within 60 days of your acceptance of account terms and conditions. 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.
Capital One will deposit the $200 cash bonus into your checking account approximately 6-8 weeks after you accept the account terms and conditions and complete the above conditions. Once the bonus is deposited, the funds will be available immediately.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Both accounts have no monthly fees to worry about. There is also no early account termination fees.

Our Verdict

We already knew that there was a $200 savings bonus, but this new bonus has a different expiration date. There is also a targeted offer for $400 on the checking account, but lots of reports for that working for everybody (but that might no longer be the case, YMMV). I’d say that this $200 checking bonus would be the safer option, but for a lot of people the risk is worth it for an extra $200. Personally I’d go for the $400 bonus & $200 savings bonus, but I’ll leave that decision up to you. I won’t be adding this to our best bonus page.

Big thanks to reader, iphonehome9 who let us know. Learn how to find bonuses and contribute to the site here.

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