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Capital One: Open a 360 Checking Account, Receive 2+ Direct Deposits $1000+ Expired

$400 Bonus
(New Checking Account Holders)
+810 Deal Score
666,292 Views
Capital One Offers New 360 Checking Account Holders: $400 Bonus when you Open a 360 Checking Account by January 26, 2021, apply promo code BONUS400 and Receive 2 Direct Deposits totaling $1,000 or more within 60 days of account opening. Thanks karthik_r

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Edited November 13, 2020 at 05:03 PM by
in Finance (3) Capital One Small Business Cards
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+810
666,292 Views
$400 Bonus
These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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Featured Comments

Just opened it. I can see why people missing the bonus code, it's on the external transfer account page instead of the main page. so whether you plan to add a bank account to not just visit the page and make sure the code is auto-populated if not enter/copy-paste manually. you should see a banner on the final page if code is entered. Btw I already have a capital one account so I didn't receive any alert from credit monitoring that inquiry was posted or there was a hard pull. Most of my information was auto-filled and when I clicked next it displayed - doing necessary checks, doing govt mandated checks, and verifying records and finally displayed - good to go. Thanks
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Nope. When you click I will fund later, you can still see the code applied and it gives a green tick mark. Also, you can see later pages showing that.


And just to confirm, I had called the CSR after opening the account and they had confirmed that I used the promo code.
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Joined Dec 2012
L5: Journeyman
> bubble2 731 Posts
146 Reputation
itsfighter
11-14-2020 at 03:08 PM.
11-14-2020 at 03:08 PM.
Just curious. if everyone made a direct deposit of a total of 2k and withdraw their money, how capital one is going to make money out of it? what is the benefit for capital one? $400 loss per account? Usually, we see banks ask us to keep the deposit for x no of days in the account. Just trying to understand. Maybe someone from the promotion committee didn't think this thru.
Reply
Joined Feb 2007
L7: Instigator
> bubble2 5,203 Posts
1,097 Reputation
SB1
11-14-2020 at 03:09 PM.
11-14-2020 at 03:09 PM.
Missed the promo code entry and I'm not going to waste my time. I'm sure they would end up screwing me over.

Calling now to close the account.
1
1
Reply
Joined Nov 2013
L2: Beginner
> bubble2 69 Posts
22 Reputation
JihyunC
11-14-2020 at 03:11 PM.
11-14-2020 at 03:11 PM.
Quote from ampt :
CS confirmed me the same and said should be qualify once we have 2 direct deposits from company.

Same for me. I did not see the promo field (fund later) and feel like a scam now. I called them and they said No promise but i should call back after I make two direct deposit
Reply
Joined Nov 2013
L2: Beginner
> bubble2 69 Posts
22 Reputation
JihyunC
11-14-2020 at 03:11 PM.
11-14-2020 at 03:11 PM.
Quote from ampt :
CS confirmed me the same and said should be qualify once we have 2 direct deposits from company.

Confirmed?? My rep said no promise
Reply
Joined Aug 2009
L6: Expert
> bubble2 1,639 Posts
164 Reputation
dcguy703
11-14-2020 at 03:14 PM.
11-14-2020 at 03:14 PM.
Quote from gena123 :
You can't. Tellers have no access to these accounts.
Are you sure? Can anyone else confirm this?
Reply
Joined Dec 2007
ALBERTSVOICE TECH
> bubble2 2,753 Posts
471 Reputation
tipstir
11-14-2020 at 03:15 PM.
11-14-2020 at 03:15 PM.
Seems more like opening up a business account for high rollers.. I was just there myself..
Reply
Joined Aug 2007
L10: Grand Master
> bubble2 12,038 Posts
2,546 Reputation
kschlege
11-14-2020 at 03:17 PM.
11-14-2020 at 03:17 PM.
Quote from itsfighter :
Just curious. if everyone made a direct deposit of a total of 2k and withdraw their money, how capital one is going to make money out of it? what is the benefit for capital one? $400 loss per account? Usually, we see banks ask us to keep the deposit for x no of days in the account. Just trying to understand. Maybe someone from the promotion committee didn't think this thru.

I think they hope you open other accounts with them, like a cc account
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Joined Jul 2009
L6: Expert
> bubble2 1,258 Posts
119 Reputation
gironhe
11-14-2020 at 03:18 PM.
11-14-2020 at 03:18 PM.
Quote from JihyunC :
Confirmed?? My rep said no promise
Yeah, I'm not risking, just open another account, but make sure you pay attention to the promo screen, where you fund the account. I did it and now have Two 360 accounts. Make sure to print the screen after you open your account, the screen should show the message about the promo.

Just make sure you know which is the promo account.

Good luck!!!!!
Reply
Joined Feb 2007
L7: Instigator
> bubble2 5,203 Posts
1,097 Reputation
SB1
11-14-2020 at 03:19 PM.
11-14-2020 at 03:19 PM.
Quote from JihyunC :
Same for me. I did not see the promo field (fund later) and feel like a scam now. I called them and they said No promise but i should call back after I make two direct deposit
Close it now and save yourself the frustration of going through all of this and then getting scammed out of the promo. It was obviously done very intentionally and should have been hidden under an external funding menu. F them
Reply
Joined Nov 2015
New User
> bubble2 13 Posts
10 Reputation
n1r44
11-14-2020 at 03:19 PM.
11-14-2020 at 03:19 PM.
is there a US residency restriction to open an account? I am a "non-resident alien" and not sure if this account is available for us.
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Joined Feb 2007
L7: Instigator
> bubble2 5,203 Posts
1,097 Reputation
SB1
11-14-2020 at 03:19 PM.
11-14-2020 at 03:19 PM.
Quote from JihyunC :
Confirmed?? My rep said no promise
Close it
Reply
Joined May 2016
L3: Novice
> bubble2 148 Posts
42 Reputation
JPinOC
11-14-2020 at 03:21 PM.
11-14-2020 at 03:21 PM.
Quote from itsfighter :
Just curious. if everyone made a direct deposit of a total of 2k and withdraw their money, how capital one is going to make money out of it? what is the benefit for capital one? $400 loss per account? Usually, we see banks ask us to keep the deposit for x no of days in the account. Just trying to understand. Maybe someone from the promotion committee didn't think this thru.

I've done promos like this before (Chase & WF) and in both cases, their was a requirement to maintain a specified minimum balance for a particular amount of time. The bank in question uses that money to invest, therefore making more than enough on its return to payout all the bonuses and make some hefty coin for themselves.
Reply
Joined Feb 2007
L7: Instigator
> bubble2 5,203 Posts
1,097 Reputation
SB1
11-14-2020 at 03:21 PM.
11-14-2020 at 03:21 PM.
Quote from itsfighter :
Just curious. if everyone made a direct deposit of a total of 2k and withdraw their money, how capital one is going to make money out of it? what is the benefit for capital one? $400 loss per account? Usually, we see banks ask us to keep the deposit for x no of days in the account. Just trying to understand. Maybe someone from the promotion committee didn't think this thru.
They are counting on 90% of the applicants to miss the promo code entry so they don't have to make good on the promo
Reply
Joined Nov 2013
L2: Beginner
> bubble2 69 Posts
22 Reputation
JihyunC
11-14-2020 at 03:22 PM.
11-14-2020 at 03:22 PM.
Quote from gironhe :
Yeah, I'm not risking, just open another account, but make sure you pay attention to the promo screen, where you fund the account. I did it and now have Two 360 accounts. Make sure to print the screen after you open your account, the screen should show the message about the promo.

Just make sure you know which is the promo account.

Good luck!!!!!

How do you qualify by opening another.
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Joined Nov 2008
L10: Grand Master
> bubble2 8,102 Posts
607 Reputation
dtmamg
11-14-2020 at 03:23 PM.
11-14-2020 at 03:23 PM.
Quote from itsfighter :
Just curious. if everyone made a direct deposit of a total of 2k and withdraw their money, how capital one is going to make money out of it? what is the benefit for capital one? $400 loss per account? Usually, we see banks ask us to keep the deposit for x no of days in the account. Just trying to understand. Maybe someone from the promotion committee didn't think this thru.

Not everyone does that. Yes, this is a loss leader, hoping to attract Capital One's checking mkt share, especially prior 2020 end.

Further, they will try to get you to apply and use their other products and services. Large Corp spend tons of money on advertising, this is just another venue.

This is how many other banks succeeded, like Chase and Citi.
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