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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
688,309 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

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Edited November 13, 2020 at 05:03 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
688,309 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 Dec 2019
MF-OG
> bubble2 881 Posts
175 Reputation
OG-Bluntman
11-15-2020 at 05:31 AM.
11-15-2020 at 05:31 AM.
Quote from Vladjaye View quoted comment :
Still can't find the answer... Would PayPal transfer qualify as DD? Smilie

No. Payroll or benefits
Reply
Joined Dec 2019
MF-OG
> bubble2 881 Posts
175 Reputation
OG-Bluntman
11-15-2020 at 05:34 AM.
11-15-2020 at 05:34 AM.
Quote from rios7 View quoted comment :
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

Any interest income over $10/yr gets a 1099, this is considered interest income so you'll definitely be getting a 1099. Read the fine print to confirm always but this is 100% getting a 1099
Reply
Joined Dec 2010
L5: Journeyman
> bubble2 641 Posts
162 Reputation
ddpstc
11-15-2020 at 05:51 AM.
11-15-2020 at 05:51 AM.
Quote from karthik_r View quoted comment :
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



https://www.capitalone.com/bonus400/
Be careful with the "you must make at least 2 direct deposits totaling $1,000" , It may mean you have to make 2 deposits of $1,000 each for a total of $2,000. I had this problem with Wells Fargo in the past when the promotion specified to make direct monthly deposit totalling $1,500 for 3 months and it means a total of $4,500 for 3 months to qualify. Banks like to trick people for vague promotion to get new accounts.
Reply
Joined Aug 2010
L2: Beginner
> bubble2 44 Posts
18 Reputation
llevity
11-15-2020 at 06:04 AM.
11-15-2020 at 06:04 AM.
So just to be clear, I can open this up, set up an ACH transfer, 5 minutes apart, for $500 each, transfer the money right back out, and I get the bonus by March?
Reply
Joined Jun 2008
L10: Grand Master
> bubble2 9,553 Posts
892 Reputation
uthorns1976
11-15-2020 at 06:11 AM.
11-15-2020 at 06:11 AM.
Quote from llevity View quoted comment :
So just to be clear, I can open this up, set up an ACH transfer, 5 minutes apart, for $500 each, transfer the money right back out, and I get the bonus by March?
NO, this will not work.
Reply
Joined Feb 2010
L4: Apprentice
> bubble2 307 Posts
315 Reputation
l0stnyc
11-15-2020 at 06:11 AM.
11-15-2020 at 06:11 AM.
Quote from llevity View quoted comment :
So just to be clear, I can open this up, set up an ACH transfer, 5 minutes apart, for $500 each, transfer the money right back out, and I get the bonus by March?
That depends if ACH qualifies as a "direct deposit." I would also use payroll/benefits direct deposit just to be sure. You don't want March to come around and be disappointed. But to each their own.
Reply
Joined Aug 2010
L2: Beginner
> bubble2 44 Posts
18 Reputation
llevity
11-15-2020 at 06:17 AM.
11-15-2020 at 06:17 AM.
Quote from uthorns1976 View quoted comment :
NO, this will not work.
Am I misunderstanding the info on this link then? It lists ACH as working.

https://www.doctorofcredit.com/kn...al_One_360
Reply

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Joined Jun 2008
L10: Grand Master
> bubble2 9,553 Posts
892 Reputation
uthorns1976
11-15-2020 at 06:18 AM.
11-15-2020 at 06:18 AM.
Quote from llevity View quoted comment :
Am I misunderstanding the info on this link then? It lists ACH as working.

https://www.doctorofcredit.com/kn...al_One_360
If ACH transfer counts as direct deposit, go for it. Who knows??
Reply
Last edited by uthorns1976 November 15, 2020 at 07:27 AM.
Joined Nov 2007
L6: Expert
> bubble2 1,194 Posts
215 Reputation
swegaz0rd
11-15-2020 at 06:25 AM.
11-15-2020 at 06:25 AM.
Wonder how long this promo will last. Need to create 2 accounts but stagger the sign ups by couple of weeks to meet the 60 day
Reply
Joined Jun 2009
L5: Journeyman
> bubble2 866 Posts
287 Reputation
euuser643183
11-15-2020 at 06:35 AM.
11-15-2020 at 06:35 AM.
Quote from Hrshycro View quoted comment :
I didn't fund my account.
If so, does it state "Promo Code details with the code just above it".
If I could search, I would have pointed you to the post someone replied to me that has the attachment.
Reply
Joined Aug 2010
L4: Apprentice
> bubble2 385 Posts
79 Reputation
kvs25
11-15-2020 at 06:37 AM.
11-15-2020 at 06:37 AM.
Quote from swegaz0rd View quoted comment :
Wonder how long this promo will last. Need to create 2 accounts but stagger the sign ups by couple of weeks to meet the 60 day
It literally tells you the end date on the website. Did you even open the link?
Reply
Joined Sep 2020
New User
> bubble2 17 Posts
panlunaleafy
11-15-2020 at 06:45 AM.
11-15-2020 at 06:45 AM.
Didn't fund my account, called customer service twice, and both times they confirmed that the promo wasn't applied. They said to call back on Feb 1st.
Reply
Joined Dec 2008
L3: Novice
> bubble2 228 Posts
29 Reputation
SarhoshAmiral
11-15-2020 at 06:59 AM.
11-15-2020 at 06:59 AM.
Quote from yoyofish View quoted comment :
YES, taxable income forget it.

So you are rejecting free 300$?
Reply
Joined Dec 2008
L3: Novice
> bubble2 228 Posts
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SarhoshAmiral
11-15-2020 at 07:02 AM.
11-15-2020 at 07:02 AM.
Quote from dcguy703 View quoted comment :
Seems Too good to be true. $400 is a lot of bonus for not maintaining high balance in acct or a high directly deposits each month

I agree, I don't understand their angle here. 400$ is way too much for a free account but if the offer seems legit so I will take it.
Reply

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Joined Feb 2007
Resident Deal Expert
> bubble2 677 Posts
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craigg
11-15-2020 at 07:04 AM.
11-15-2020 at 07:04 AM.
I don't need another checking account but for $400 I did it. Thanks OP.
Reply
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