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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
679,022 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

Original Post

Written by
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
679,022 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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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
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 Nov 2015
The Over50running man
> bubble2 2,547 Posts
452 Reputation
Pssstyeahyou
11-14-2020 at 10:25 PM.
11-14-2020 at 10:25 PM.
My wife and I have been with Capital One for years; we've never had an issue, never been charged fees and she on a whim applied for an auto loan through them and was approved for $21,000 her credit is hot garbage (510), furthermore we've never kept a balance higher than $1200 in that account. She put $1500 down and picked up a new (at the time) 2018 Ford EcoSport... The payments are $325/month for 60 months.

I often suggest capital one especially to those who might have weaker credit, or those with little to no credit. They offer credit cards after about 4-6 months with them (her card was a $500 limit) she made mostly minimum to $20 more a month on that card without missing a payment. It's been a blessing for her credit getting the auto loan as she ruined her credit when she was younger. Soo Capital One has some real perks to being a customer, If you have later teenage kids or college students they might be a great option for if/when your kids need to establish credit.

The only real drawback is the lack of actual locations; there are some but only in certain states.

Hope this helps


Just a great overall experience.
Reply
Joined Dec 2014
L10: Grand Master
> bubble2 8,024 Posts
487 Reputation
someoneslick
11-14-2020 at 10:28 PM.
11-14-2020 at 10:28 PM.
Quote from bobbym24 :
Capital One 360 has no monthly fees or minimum deposit requirements
Thanks.
Reply
Joined May 2008
L5: Journeyman
> bubble2 721 Posts
129 Reputation
Dealicker
11-14-2020 at 10:38 PM.
11-14-2020 at 10:38 PM.
Quote from Prologik :
I read through 400+ posts to find out no one can say for certain if transfers from other financial institutions count as a direct deposit. Dispite ACH is the same thing as direct deposit [nacha.org], that site many keep referring to, DOC (doctorofcredit), is filled with ambiguity and contradictions and it's information should taken with a grain of salt. It seems likely that paychecks and Social Security will mostly certainly qualify, as that is for whom this offer is logically targeted to, any other ACH transfers qualifications is at the mercy and whim of Capital One unless someone can point to wherever they have greater specificity in their terms and conditions.

Prologik
I don't think ach from banks works, when I did chase offer I tried 4 banks and paypal none works till I dd from my employer. Not sure about cap 1
Reply
Joined Mar 2005
L6: Expert
> bubble2 1,095 Posts
336 Reputation
Nack
11-14-2020 at 10:42 PM.
11-14-2020 at 10:42 PM.
When I set up the account I put the promo code in on the funding page by clicking the little plus sign next to promo code, typing in the promo code, and then hitting the apply button. That should take you back to the funding page which will now show the promo code. Once you click fund later, it will give you the routing number and account number. Under the routing and account number on that new page it should again list the promo code. It did on the account I helped someone else to set up. It also listed it under the routing and account number on the confirmation page for my account, which I did fund. Either way it should list the promo code under the routing and account number on the confirmation page (the page with the cheesy electronic confetti that says your account is set up). If it doesn't, my guess is that there's a problem.
Reply
Last edited by Nack November 14, 2020 at 11:09 PM.
Joined Dec 2014
L2: Beginner
> bubble2 60 Posts
10 Reputation
seeyoucme
11-14-2020 at 11:14 PM.
11-14-2020 at 11:14 PM.
do i have to maintain account balance of $1000 until I get my $400 bonus ?
1
Reply
Joined Feb 2018
L4: Apprentice
> bubble2 344 Posts
54 Reputation
SDlover2018
11-14-2020 at 11:15 PM.
11-14-2020 at 11:15 PM.
Quote from giveNforgive :
thanks Karthik.

Anyone get this?
"We need more information before you can continue
Give us a call
1-877-383-4802"

I did, but they're phone lines are closed right now.
Reply
Joined Dec 2008
L10: Grand Master
> bubble2 6,058 Posts
498 Reputation
regcustomer88
11-14-2020 at 11:26 PM.
11-14-2020 at 11:26 PM.
So, one can open account without transferring funds at start? as there is no min requirement on the account.
Reply

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Joined Nov 2008
L10: Grand Master
> bubble2 8,102 Posts
607 Reputation
dtmamg
11-14-2020 at 11:27 PM.
11-14-2020 at 11:27 PM.
Quote from rios7 :
I've done similar promos, I've never got a 1099. besides gifts and promotions usually dont get a 1099 unless they're over $699 I think
You got lucky. all these promo are considered interest income
Reply
Joined Nov 2008
L10: Grand Master
> bubble2 8,102 Posts
607 Reputation
dtmamg
11-14-2020 at 11:28 PM.
11-14-2020 at 11:28 PM.
Quote from ms123 :
So, one can open account without transferring funds at start? as there is no min requirement on the account.
yes, you do it later if you like.
Reply
Joined Dec 2008
L10: Grand Master
> bubble2 6,058 Posts
498 Reputation
regcustomer88
11-14-2020 at 11:32 PM.
11-14-2020 at 11:32 PM.
In the last 2 bank offers i have lost money. Last one being "bank of the west" where they charged me some fees twice. Wasted time and kept my money in there and never got the offer. This one seems simple to handle, no fees, only direct deposit required.
Reply
Joined Nov 2008
Banned Shill
> bubble2 8,081 Posts
3,271 Reputation
Hrshycro
11-14-2020 at 11:36 PM.
11-14-2020 at 11:36 PM.
Quote from rios7 :
luckily for me, I printed the promo confirmation page as a pdf
I took screencaps, and my confirmation page has a green circle with an i in it and says: If you use promo code BONUS400 to open the account, to earn the $400... etc.

Other pages before that, also say the same or similar... Is that what yours said as well? Not exactly a comf that the promo code was applied. I saw it auto-filled in the box when I created the account, but didn't add an external account. Scared it didn't apply now.
Reply
Joined Sep 2013
In giving, do we receive
> bubble2 3,202 Posts
19,061 Reputation
giveNforgive
11-14-2020 at 11:41 PM.
11-14-2020 at 11:41 PM.
Quote from SDlover2018 :
I did, but they're phone lines are closed right now.
I had called on that number and the agent helped me setup the account.
When you call them, make sure you stay on the call with the agent until entire process is completed and get a confirmation that the promo code has been applied, so you dont have to call again.
I forgot to get a confirmation from the agent and will need to call again to confirm.
Reply
Joined Oct 2015
Level 7 Susceptible
> bubble2 1,730 Posts
1,396 Reputation
egorre
11-14-2020 at 11:49 PM.
11-14-2020 at 11:49 PM.
Quote from Prologik :
You seem to know your offer churning well. As for or a DD, per DOC, my Discover, HSBC, Wealthfront, Comenity and Tiaa (formerly Everbank) won't qualify as a DD despite being an ACH? If that is the case, i saw that DOC said Robinhood does? If so, can it be the Cash & Management service or does it have to be Stocks & Funds/Crypto? Thanks for all your efforts. And the promo code was not hidden, it was exactly as you've shown in your pic. SB1 was definitely suffering a case of sour grapes.
afaik bank transfers sometimes is coded differently on per bank basis. I think when I did Regions it counted Chase as ACH. On some banks, Chase is counted as P2P or bank on bank transfers. as far as Capital One is concerned, I have no clue how they're classifying which is which. I will personally try Robinhood first. There's a chance it won't count since everything on DOC seem at least 2 year old dp. I will also try coinbase and paypal if RH don't do it for them. payroll DD from my employer will be my last resort xD
Reply
Joined Jul 2009
L6: Expert
> bubble2 1,258 Posts
119 Reputation
gironhe
11-14-2020 at 11:50 PM.
11-14-2020 at 11:50 PM.
Quote from dtmamg :
You got lucky. all these promo are considered interest income
You probably did you just ignored it.There is no minimum on 1099 interest, which is what this bonus falls under. The $600 limit applies to 1099misc, which is non interest.
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Joined Feb 2019
New User
> bubble2 15 Posts
10 Reputation
DibyaJ
11-14-2020 at 11:51 PM.
11-14-2020 at 11:51 PM.
I just created an account, but i forgot to apply the promo code. Will I still be eligible for the Bonus, can the representative help?
Reply
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