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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
689,246 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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Score
+810
689,246 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 Jun 2015
L8: Grand Teacher
> bubble2 6,331 Posts
645 Reputation
TVM925
11-15-2020 at 07:30 AM.
11-15-2020 at 07:30 AM.
Quote from rndman View quoted comment :
And now they know..
and they do nothing. that a fact. I'm living proof. Never been audit not once. Never reported any 1099 to IRS.
1
Reply
Joined Dec 2006
L9: Master
> bubble2 4,062 Posts
1,121 Reputation
slickdealuser123
11-15-2020 at 07:48 AM.
11-15-2020 at 07:48 AM.
I currently have "360 Performance Savings" account, so I am assuming, that I will be eligible for this account bonus, right. Can someone please confirm?
Reply
Joined Sep 2007
Don't PM me,SD blocked me
> bubble2 817 Posts
2,419 Reputation
hunnii
11-15-2020 at 07:50 AM.
11-15-2020 at 07:50 AM.
Quote from TVM925 View quoted comment :
and they do nothing. that a fact. I'm living proof. Never been audit not once. Never reported any 1099 to IRS.
It's probably a small amount and they don't think it's worth the time auditing you. But if you look up your tax transcript on the IRS website, you will most definitely find the 1099 already reported to them by the bank.
Reply
Joined Sep 2012
L7: Teacher
> bubble2 2,235 Posts
931 Reputation
ChristInMe
11-15-2020 at 07:52 AM.
11-15-2020 at 07:52 AM.
Quote from slickdealuser123 View quoted comment :
I currently have "360 Performance Savings" account, so I am assuming, that I will be eligible for this account bonus, right. Can someone please confirm?
Yes, you are eligible.
Reply
Joined Oct 2020
L2: Beginner
> bubble2 39 Posts
26 Reputation
GreyMeat1376
11-15-2020 at 07:56 AM.
11-15-2020 at 07:56 AM.
Quote from slickdealuser123 View quoted comment :
I currently have "360 Performance Savings" account, so I am assuming, that I will be eligible for this account bonus, right. Can someone please confirm?

Confirmed, I did the same.
Reply
Joined Mar 2014
L2: Beginner
> bubble2 30 Posts
10 Reputation
JosephL1030
11-15-2020 at 07:56 AM.
11-15-2020 at 07:56 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

Just got a deal like this from Key Bank. Its legit!
Reply
Joined Jun 2015
L8: Grand Teacher
> bubble2 6,331 Posts
645 Reputation
TVM925
11-15-2020 at 07:57 AM.
11-15-2020 at 07:57 AM.
Quote from hunnii View quoted comment :
It's probably a small amount and they don't think it's worth the time auditing you. But if you look up your tax transcript on the IRS website, you will most definitely find the 1099 already reported to them by the bank.

That is what i'm saying. The amount is under 500 and they do nothing. They have it and just don't nothing.
Reply

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Joined Sep 2007
Don't PM me,SD blocked me
> bubble2 817 Posts
2,419 Reputation
hunnii
11-15-2020 at 08:03 AM.
11-15-2020 at 08:03 AM.
Quote from TVM925 View quoted comment :
That is what i'm saying. The amount is under 500 and they do nothing. They have it and just don't nothing.
True. In fact you don't even audited if you don't file for taxes for years, if you don't make a lot of money. The audits are mainly targeted for high-earners, and only a very small portion is chosen at random.
Reply
Joined Jun 2015
L8: Grand Teacher
> bubble2 6,331 Posts
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TVM925
11-15-2020 at 08:06 AM.
11-15-2020 at 08:06 AM.
Quote from hunnii View quoted comment :
True. In fact you don't even audited if you don't file for taxes for years, if you don't make a lot of money. The audits are mainly targeted for high-earners, and only a very small portion is chosen at random.
I'am a poor blue collar work and don't make shit. Trying to save every dollar I can that why I'm here and not on Gucci or LV website.
Reply
Joined Sep 2014
L5: Journeyman
> bubble2 640 Posts
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acbharath14
11-15-2020 at 08:06 AM.
11-15-2020 at 08:06 AM.
Quote from SeattleHawk View quoted comment :
Does this get reported when we file for taxes?
Are they going to provide 1099 or something similar?
It does provided bank issues a 1099. If they dont, you may be good without reporting it. I have done these bonuses from different banks couple of times. Some banks did issue 1099 end of the year, some didn't bother to even though i followed up with them. So, I could be wrong, but if the bank issues a 1099, you may have to report it for taxes
Reply
Last edited by acbharath14 November 15, 2020 at 08:09 AM.
Joined Dec 2008
L6: Expert
> bubble2 1,404 Posts
119 Reputation
bigal24
11-15-2020 at 08:10 AM.
11-15-2020 at 08:10 AM.
Can I open an account for my wife and then I request a direct deposit from my work to deposit to her account? My wife receive paycheck for her job.
Reply
Joined Nov 2015
L5: Journeyman
> bubble2 519 Posts
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shaff
11-15-2020 at 08:13 AM.
11-15-2020 at 08:13 AM.
I know some people are asking about the catch, just keep in mind that the $400 will be charged as interest earned during tax time.

I earned $300 from Chase Bank a few years ago and was charged for it during tax filing time that year.

"Taxable interest: When you receive a bank account bonus for opening your account, the amount you receive is typically treated as interest. As a result, you may need to pay taxes on those extra earnings, effectively reducing the amount you get to keep (and spend)."

More info available on the IRS site:

https://www.irs.gov/taxtopics/tc403
Reply
Joined Aug 2012
L7: Teacher
> bubble2 2,251 Posts
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SeventiesVet
11-15-2020 at 08:15 AM.
11-15-2020 at 08:15 AM.
I may be wrong, but after rereading the deposit requirement I'm starting to suspect it has to be a payroll type deposit (DD or ACH) from an employer or paying institution like social security, not simply an ACH transfer from a personal savings/checking account.

The point is they want customers with regular monthly deposits, not those who do a one time personal money transfer to qualify.

To add, direct deposit is a form of ACH. But unlike an ACH transfer between personal accounts, it's not the same. A direct deposit is an institutional deposit. An ACH transfer between personal accounts is not.
Reply
Last edited by Rich8655 November 15, 2020 at 08:31 AM.
Joined Jul 2006
L5: Journeyman
> bubble2 617 Posts
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chewable1
11-15-2020 at 08:19 AM.
11-15-2020 at 08:19 AM.
Quote from SB1 View quoted comment :
You think they are going to just add something from the Bangalore call center that is going to entitle you to $400? LMAO

You must be new to SD...
Why are you so bitter? Just because you missed entering the promo code. Happened to me before and a call fixed it. Don't give bad advice just cause you're salty.
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Joined Mar 2017
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hotdog110
11-15-2020 at 08:22 AM.
11-15-2020 at 08:22 AM.
Quote from eko427 View quoted comment :
I'm assuming a transfer from my current bank wouldn't qualify as a direct deposit?
I called Capital One. This won't be qualified as a direct deposit.

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.

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