UPDATE: Some of our readers have written us asking if this promo can be redeemed online.  Unfortunately the answer is no.  The small print states that you must present the mailer to qualify.  We recommend you calling your nearest Capital One branch and ask them about the deal and see if they would except a print out.  

It seems to be that time again when banks are putting out all the stops to capture any and all consumer attention. In the past day we have seen deal from Chase, PNC, Bank of America and now Capital One Direct Banking. Visit this link and open an account before April 15th to receive a $50 cash bonus. To obtain the offer make sure you enter the offer code - OFFER50 as well you need to keep a consistent $10,000 deposit starting 05/8/2009.