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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
679,125 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 06:03 PM by
Capital One is offering $400 bonus when you open a new checking account with promo code BONUS400

To receive the bonus you must make at least 2 direct deposits totaling $1,000 or more to your 360 Checking account within 60 days of account opening

Full Details:

Capital One reserves the right to withdraw this offer, with or without notice, in its sole discretion if it is determined that fraud or any other factor beyond its control is impacting the integrity of the offer and campaign.

Here's the full scoop on how to earn your $400 bonus:
  1. Open a 360 Checking account between 12:00 a.m. ET on November 9, 2020, and 11:59 p.m. ET on January 26, 2021. When you open your account, enter your promotional code—BONUS400.
  2. Receive at least 2 direct deposits totaling $1,000 or more to your 360 Checking account within 60 days of account opening. A qualifying direct deposit is an Automated Clearing House (ACH) credit, which may include payroll, pension or government payments (such as Social Security) by your employer or an outside institution.
  3. This account is subject to approval. This offer cannot be combined with any other 360 Checking account opening offers. Only one promotional code is accepted. Bonus is only valid for one new 360 Checking account.
Mobile deposits are available only in the U.S. and U.S. territories.

When will I get my bonus?

Your bonus will be deposited into your new 360 Checking account by the date stated below:

Account opened the month of November 2020
Receive at least 2 direct deposits totaling $1,000 or more Within 60 days of your account opening date
Bonus will be paid by March 31, 2021

Account opened the month of December 2020
Receive at least 2 direct deposits totaling $1,000 or more Within 60 days of your account opening date
Bonus will be paid by April 30, 2021

Account opened the month of January 2021
Receive at least 2 direct deposits totaling $1,000 or more Within 60 days of your account opening date
Bonus will be paid by May 31, 2021

If you have or had an open 360 Checking account as a primary or secondary account holder with Capital One on or after January 1, 2018, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing, you will not receive the bonus.

What you need to know about the 360 Checking account:

A rate of 0.10% Annual Percentage Yield (APY) applies to accounts with balances between $0-$49,999.99, $50,000-$99,999.99, and $100,000 or more. 360 Checking is a tiered-rate account. Advertised rates are variable and effective as of 11/13/2020. Rates in any tier are subject to change at any time before or after account opening.

The interest is calculated on a daily basis and is based on the balance in the account. Interest on your account will be compounded and credited on a monthly basis.

360 Checking customers can access over 40,000 fee-free ATMS (41,394 AllPoint® ATMs and 2,206 Capital One ATMs). ATM functionality may differ by location.

Mobile deposits are available only in the U.S. and U.S. territories.
The Capital One Mobile app has a 4.8/5-star customer rating on the App Store and is in the top 10% in the Finance App category as of 8/24/2020.
The Capital One Mobile app has a 4.6/5-star customer rating on Google Play and is in the top 10% in the Finance App category as of 8/24/2020.Web access is needed to use mobile banking. Check with your service provider for details of specific fees and charges.
The site may be unavailable during normal maintenance or due to unforeseen circumstances.Capital One does not provide, endorse or guarantee any third-party product, service, information or recommendation listed above. The third parties listed above are not affiliated with Capital One and are solely responsible for their products and services. All trademarks are the property of their respective owners.Products and services offered by Capital One, N.A., Member FDIC.
© 2020 Capital One. Capital One is a federally registered service mark. 15000 Capital One Drive, Attn.: 12038-0111, Richmond, Virginia 23238. To contact us by mail, please use the following address: Capital One 360, P.O. Box 360, Wilmington, DE 19899.

https://www.capitalone.com/bonus400/
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+810
679,125 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.

2,248 Comments

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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
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 Oct 2015
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egorre
11-14-2020 at 04:28 PM.
11-14-2020 at 04:28 PM.
Quote from Smiert :
https://i.imgur.com/8VjN7iv.png

This is what my confirmation screen looked like. No mention of the promotion.

I applied through the bonus400 link yesterday, made a deposit from another account, and didn't see a place for the promo code. I called CSR today and they said the promo was applied to my account.
Did you manually enter the promo code on the account number page? it was under the amount to transfer. if not, you should probably contact them if they need to add it to your account.
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Joined Nov 2013
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> bubble2 69 Posts
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JihyunC
11-14-2020 at 04:31 PM.
11-14-2020 at 04:31 PM.
Quote from egorre :
Did you manually enter the promo code on the account number page? it was under the amount to transfer. if not, you should probably contact them if they need to add it to your account.

They do not add the promo for you. Seems that they are instructed to say "once you finish your deposit we can review and will see if we can give you an exception"
Reply
Joined Jul 2009
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> bubble2 1,258 Posts
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gironhe
11-14-2020 at 04:33 PM.
11-14-2020 at 04:33 PM.
Quote from JihyunC :
How do you qualify by opening another.
I didn't qualify for the first one because I didn't enter the code. So I clicked on the slickdeals link and started the opening process again, and since I already created a user name and password I elected the option of exiting the user, and then follow the account opening screens.
See screenshot for two accounts
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Joined Oct 2015
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egorre
11-14-2020 at 04:36 PM.
11-14-2020 at 04:36 PM.
Quote from dtmamg :
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.
Yes. This is a strategy into getting you in with the bank. I've started my Navy Federal & Chase bank relationships with a Checking. now I have been churning their credit cards too. I've done Chase checking promo 3x so far. waiting for a 4th now. This is my first Capital One account and I'm still waiting to get a good BoA checking to start with them.


Quote from JihyunC :
They do not add the promo for you. Seems that they are instructed to say "once you finish your deposit we can review and will see if we can give you an exception"
ahh i see. Chase did that for me before. Seems like Capital One isn't as helpful as Chase.
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Joined Nov 2013
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JihyunC
11-14-2020 at 04:37 PM.
11-14-2020 at 04:37 PM.
Quote from gironhe :
I didn't qualify for the first one because I didn't enter the code. So I clicked on the slickdeals link and started the opening process again, and since I already created a user name and password I elected the option of exiting the user, and then follow the account opening screens.
See screenshot for two accounts

Well your second one got promo code entered. But you are ineligible because you already had the same product (that's written and said by rep)
1
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Joined Oct 2017
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Warriorsfan89
11-14-2020 at 04:38 PM.
11-14-2020 at 04:38 PM.
jesus I feel kinda depressed reading y'all comments not having any money or sources to put in there...

For me, $400 is a definitely worth the hassle, imma put in there 2 x 1k from my stock trading acct, and changed my work DD as well to be safe. Then leave 2k sit there til receive that Cha Ching to be safe...$400 return on 2k investment is still out of this world boys...
Reply
Joined Apr 2009
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emofals
11-14-2020 at 04:39 PM.
11-14-2020 at 04:39 PM.
Quote from gironhe :
I didn't qualify for the first one because I didn't enter the code. So I clicked on the slickdeals link and started the opening process again, and since I already created a user name and password I elected the option of exiting the user, and then follow the account opening screens.
See screenshot for two accounts
doesnt that mean you opened 2 accounts and the second account disqualified because of the after January 1, 2018 disclaimer?
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Joined Jul 2009
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gironhe
11-14-2020 at 04:41 PM.
11-14-2020 at 04:41 PM.
Quote from emofals :
doesnt that mean you opened 2 accounts and the second account disqualified because of the after January 1, 2018 disclaimer?
You might right, I will just let it go.

lol
Reply
Joined Sep 2006
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pesater
11-14-2020 at 04:42 PM.
11-14-2020 at 04:42 PM.
Can Direct deposit not be from employers? Can I just deposit $1000 cash twice?
1
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Joined Jul 2003
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grneal
11-14-2020 at 04:43 PM.
11-14-2020 at 04:43 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.
There are multiple reasons why they will still make money on this promo. A lot of customers will leave the money in the account and keep the account open. Some won't satisfy the requirements for the $400 promo. Capital One then gets to cross sell you on mortgages and credit cards and other things. You don't think a multi billion dollar corporation hasn't thought this through from all angles?
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Joined Dec 2012
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itsfighter
11-14-2020 at 04:47 PM.
11-14-2020 at 04:47 PM.
Quote from grneal :
There are multiple reasons why they will still make money on this promo. A lot of customers will leave the money in the account and keep the account open. Some won't satisfy the requirements for the $400 promo. Capital One then gets to cross sell you on mortgages and credit cards and other things. You don't think a multi billion dollar corporation hasn't thought this through from all angles?
you are correct. I agree. They might still make money from a few customers. Most of them already have cc/savings with them and just benefit from this promotion.
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Joined Mar 2014
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vegas_ss
11-14-2020 at 04:47 PM.
11-14-2020 at 04:47 PM.
Quote from egorre :
Did you manually enter the promo code on the account number page? it was under the amount to transfer. if not, you should probably contact them if they need to add it to your account.
I didn't complete an initial deposit so there wasn't anyplace to enter the code. I spoke with a customer service rep at capital one and she said it was automatically applied by following the link.

I added a second account under my wife's name (different SS#, email etc...) and also made an initial deposit and entered the code on that account.

Should be able to get the $400 on each account, but time will tell...
Reply
Joined Oct 2015
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> bubble2 1,730 Posts
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egorre
11-14-2020 at 04:47 PM.
11-14-2020 at 04:47 PM.
Quote from SB1 :
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
lol it's not hidden. it clearly said "add promo code". Then again, I read in the first page to make sure use the promo code BONUS400 when applying so i had my eye out for a place to put the code. You are able to put it in even before adding your funding account numbers. The bonus code was the first thing i filled before finding out my routing & account number to fund my account.

Quote from Warriorsfan89 :
jesus I feel kinda depressed reading y'all comments not having any money or sources to put in there...

For me, $400 is a definitely worth the hassle, imma put in there 2 x 1k from my stock trading acct, and changed my work DD as well to be safe. Then leave 2k sit there til receive that Cha Ching to be safe...$400 return on 2k investment is still out of this world boys...
hopefully Robinhood still works per DOC. I'll also try Coinbase if it doesn't work lol. I can move my employer dd, but there's usually one pay cycle that needs to be sent to me via mail so I will try RH first to avoid that hassle lol.
Reply
Last edited by egorre November 14, 2020 at 04:50 PM.
Joined Jul 2006
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chewable1
11-14-2020 at 04:48 PM.
11-14-2020 at 04:48 PM.
Quote from SB1 :
Close it
Don't listen to him. Just call and have them add it. If you cancel and open another you might be ineligible due to a recent opening of a checking account.
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Joined Oct 2015
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egorre
11-14-2020 at 04:49 PM.
11-14-2020 at 04:49 PM.
Quote from kguzzetta :
I didn't complete an initial deposit so there wasn't anyplace to enter the code. I spoke with a customer service rep at capital one and she said it was automatically applied by following the link.

I added a second account under my wife's name (different SS#, email etc...) and also made an initial deposit and entered the code on that account.

Should be able to get the $400 on each account, but time will tell...
There was a place for a promo code on that same page they ask if you want to fund your account or do it later. It was under the funding amount. It was fillable before you put in your account numbers. That's the first thing i did before putting my account number
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