Get up to $300 free checking account bonus with Capital One’s SmartCents program.

The SmartCents checking account bonus lets you automatically put money into your savings account whenever you make a purchase with your Capital One Bank debit card or pay a bill online.

With a new checking account you’ll earn $15 on your first direct deposit and $15 for your first online bill payment . Then you earn up to another $270 checking account bonus by using SmartCents Savings.

Every time you use the debit card or make a payment online, 50 cents from your checking account is switched over to your savings account. During the first 90 days, Capital One will match each SmartCents transfer 100%. After three months, Capital One will match 5% of your SmartCents transfers. Total annual checking account bonus eligibility is $300 from Capital One.

Capital One has other new checking account bonus programs which include points and miles. Frankly, the rewards are good but the rules are complex, so read carefully when choosing the right checking account for you.