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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
688,759 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
688,759 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 2017
New User
> bubble2 18 Posts
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RandallH5836
11-15-2020 at 08:22 AM.
11-15-2020 at 08:22 AM.
Can anyone tell me what counts as DD? I have a marcus by goldman sachs and wondering if I can use it? I also have a captial one 360 savings.
Reply
Joined Jul 2006
L5: Journeyman
> bubble2 617 Posts
79 Reputation
chewable1
11-15-2020 at 08:23 AM.
11-15-2020 at 08:23 AM.
Quote from SB1 View quoted comment :
Any company that will only communicate verbally with an overseas call center, that intentionally hides a promo field (that was totally unnecessary to begin with), is a prime candidate to scam customers out of the promo. This is $400 per account, not $4.

With the SD effect they are looking at hundreds of thousands of dollars (if not millions) in payouts. If you think anything otherwise then you are naive and haven't spent enough time on this site participating in the various deals.

Sometimes you have to learn the hard way. Good luck everyone.
Wow conspiracy theory after conspiracy theory. How do you know they intentionally do it? And I spoke with a US rep. But I guess you're right, you'll learn the hard way how to miss out on 400.
Reply
Joined Mar 2017
New User
> bubble2 9 Posts
10 Reputation
hotdog110
11-15-2020 at 08:23 AM.
11-15-2020 at 08:23 AM.
For your information,

Transfer money from your bank to your Capital One checking account 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.
Reply
Joined Mar 2012
L4: Apprentice
> bubble2 313 Posts
34 Reputation
steeduhh46gt
11-15-2020 at 08:30 AM.
11-15-2020 at 08:30 AM.
Quote from hotdog110 View quoted comment :
For your information,

Transfer money from your bank to your Capital One checking account 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.
WhenI transfer from any of my savings accounts it shows up and ACH. So if I transfer my chase savings it should trigger?
Reply
Joined Apr 2009
L9: Master
> bubble2 4,257 Posts
554 Reputation
emofals
11-15-2020 at 08:33 AM.
11-15-2020 at 08:33 AM.
Quote from chewable1 View quoted comment :
Wow conspiracy theory after conspiracy theory. How do you know they intentionally do it? And I spoke with a US rep. But I guess you're right, you'll learn the hard way how to miss out on 400.
It is easy to miss out, specially the way they have their site accept promo code. That said I don't think it is a conspiracy theory, more like a sloppy business requirement/IT messing up.
Reply
Joined Apr 2009
L9: Master
> bubble2 4,257 Posts
554 Reputation
emofals
11-15-2020 at 08:34 AM.
11-15-2020 at 08:34 AM.
Quote from shaff View quoted comment :
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
They all send you a 1099-int form. Don't worry.
Reply
Joined Aug 2012
L7: Teacher
> bubble2 2,251 Posts
311 Reputation
SeventiesVet
11-15-2020 at 08:35 AM.
11-15-2020 at 08:35 AM.
It looks to me that those folks doing transfers from an external personal account to qualify will be sorely disappointed.
Reply

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Joined Jun 2015
L8: Grand Teacher
> bubble2 6,331 Posts
645 Reputation
TVM925
11-15-2020 at 08:42 AM.
11-15-2020 at 08:42 AM.
Does paypal dd count towards the 1000 thershole?
Reply
Joined Jul 2007
L10: Grand Master
> bubble2 10,399 Posts
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Pro
jplee3
11-15-2020 at 08:43 AM.
11-15-2020 at 08:43 AM.
Quote from Timmmt View quoted comment :
I think you have to fund the account during creation because that is where the promo code is applied. If you select the option to fund at a later time, it doesn't appear to apply the code and goes straight to creating the account. Like others have said, when calling customer service, they instruct you to call back after February, which is after the promo has expired.

Crap... I blew it then. Didn't opt to fund the account (and read this after) and didn't see a place to enter the promo code. Ughhhh
Reply
Joined Mar 2012
L4: Apprentice
> bubble2 313 Posts
34 Reputation
steeduhh46gt
11-15-2020 at 08:48 AM.
11-15-2020 at 08:48 AM.
Quote from TVM925 View quoted comment :
Does paypal dd count towards the 1000 thershole?
I would like to know this as well
Reply
Joined Nov 2012
L3: Novice
> bubble2 285 Posts
55 Reputation
WRXDEV
11-15-2020 at 08:54 AM.
11-15-2020 at 08:54 AM.
To the folks who had the BONUS400 code applied or pre-populated and DID NOT elect to fund immediately, it does get registered to your account. I just called and confirmed with a customer service rep. I opened mine on Friday with the link from the OP. It pre-populated the BONUS400 code and I elected to fund the account LATER.
Reply
Joined Apr 2011
L2: Beginner
> bubble2 90 Posts
82 Reputation
DC_Ultra
11-15-2020 at 08:54 AM.
11-15-2020 at 08:54 AM.
subject to post reads: Receive 2+ Direct Deposits $1000+

a bit misleading, no? Shouldn't this be fixed?
Reply
Joined Dec 2006
MagniCowpie
> bubble2 2,648 Posts
609 Reputation
Prologik
11-15-2020 at 08:56 AM.
11-15-2020 at 08:56 AM.
Quote from Rich8655 View quoted comment :
It looks to me that those folks doing transfers from an external personal account to qualify will be sorely disappointed.
Definitely. This size bonus, they're investing for long term customer acquisition. I went to change my SS deposit info and it appears it takes a month for them to change their direct deposit and my first wouldn't happen till January, skipping December. So I'll never get the 2 deposited within 60 days. I guess people that have SS are SOL. Frown
Reply
Joined Sep 2019
Banned Shill
> bubble2 3,180 Posts
1,108 Reputation
rios7
11-15-2020 at 08:59 AM.
11-15-2020 at 08:59 AM.
phone customer service is taking forever. are you guys clogging up the phone lines lmaoooo
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Joined Mar 2012
L3: Novice
> bubble2 129 Posts
19 Reputation
scheibler
11-15-2020 at 08:59 AM.
11-15-2020 at 08:59 AM.
I have to provide my works HR department with the routing number of a bank I want to DD to. Can I open an account now and just deposit some money from another checking account while waiting for my works DD and still qualify if I don't DD right from the jump?
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