this is an easy $400 if you can redirect $1k worth of direct deposits with in 60 days. Figured this one would be worth sharing because of the low deposit amount, account doesn't have any service fees to worry about, and no early closing fee (so you can close immediately after collecting the bonus)
If anybody is actually following this, I'll digress and say that this particular account should probably be kept open. Just leave $5 in it if not actively using it. I say that because it has no monthly fee, and this specific account can be very useful for spoofing Direct Deposits (DD) for other bank bonuses.(more info on that here https://www.doctorof...-bonuses-page/)
but basically some banks think that transfers from certain banks are actually direct deposits (like getting a paycheck or SS).
This is useful because most bank bonuses have a direct deposit requirement.
So say Bank A has a requirement for a bonus of a total of 2 DD totaling $5000 within 60 days. If the CAP-1 account looks like a DD to Bank A you can simply transfer $5000 (either 2 x $2500, or 5 x $1000, etc...) and collect some free $. This way you can not have to mess around with changing your normal direct deposit from work or what not, and you don't even need $5000 in the bank since you can simply move the same $$$ back and forth several times to meet the $5000 deposit.
For example I plan on doing a PNC bonus for $400 and an HSBC bonus for $600. The PNC requires $5000 DD total, and the HSBC requires $5000 DD for 2 months. In this case Cap-1 should count as DD for PNC and PNC should count as DD for HSBC according to the DOC bank deposit page. So in order to meet 2 bank account bonuses I can just transfer $5000 from Cap-1 to PNC, and then transfer that to HSBC, then back to PNC for next month, then back to HSBC a 2nd time, and I'm done. $1k in bonuses for passing around some savings.