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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
689,785 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 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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Deal
Score
+810
689,785 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 Mar 2009
L7: Teacher
> bubble2 2,045 Posts
713 Reputation
MzSuperStar
11-15-2020 at 10:09 PM.
11-15-2020 at 10:09 PM.
Quote from CleverSnail9415 View quoted comment :
Btw pushing you up a tax bracket does not mean you're losing out, only the income that falls into the new bracket will be taxed at that higher rate, so there's never a time you're losing money by going up a bracket.
Quote from Resiroth View quoted comment :
The way tax brackets work is you pay the listed rate only for the $ above a certain threshold. So for ex. If the brackets are 10% 20k, 20% 40k.

If you make 10k, take home 9k (10%)

20k take home 18k. (10%)

30k you have 20k at 10% or 18k. And you have 10k at 20% or 8k. Total being 26k.

The only exception of when making more money hurts you is when you stop qualifying for some government benefits that don't phase out gradually. Like Medicaid in some states. Otherwise making more $ is always helpful.
Quote from joeboy View quoted comment :
And - even if it DOES happen to be the amount that pushes you from one tax bracket to another, keep in mind that the higher tax rate only applies to the marginal amount.

There is no situation where paying taxes on this ends up costing you money
Thank you all for going into detail to educate the Slickdeals community (because I was not about to lol). I certainly have the ability to after working years for the department of treasury (IRS) and still preparing taxes seasonally as a side hustle. But I did go back and read my post and it was poorly worded.

The point it, we all agree that this is extra money and the deal should not be avoided for fear of taxes.
Reply
Joined Nov 2008
L10: Grand Master
> bubble2 8,106 Posts
607 Reputation
dtmamg
11-15-2020 at 10:13 PM.
11-15-2020 at 10:13 PM.
Quote from mojohnnybravo View quoted comment :
yea chase paid me $900 to open accounts this year. by his logic it should have gone bankrupt now.
lol so true. And yet, Chase is one of most profitable banks.
Reply
Joined Nov 2012
L3: Novice
> bubble2 271 Posts
22 Reputation
HamHB
11-15-2020 at 10:50 PM.
11-15-2020 at 10:50 PM.
Quote from Resiroth View quoted comment :

The only exception of when making more money hurts you is when you stop qualifying for some government benefits that don't phase out gradually. Like Medicaid in some states. .

You also forgot Robinhood Capital Gains Tax.

If you make above 40k, you have to pay about 15% of your taxes on your investments, even if you wait 1 year.

If you make somewhere in the ball park of $39,500 or close to that, you don't pay a single penny when you take out your investments 1 year later.
1
Reply
Joined Nov 2006
L10: Grand Master
> bubble2 13,132 Posts
1,065 Reputation
poohbie
11-15-2020 at 11:16 PM.
11-15-2020 at 11:16 PM.
Quote from HamHB View quoted comment :
You also forgot Robinhood Capital Gains Tax.

If you make above 40k, you have to pay about 15% of your taxes on your investments, even if you wait 1 year.

If you make somewhere in the ball park of $39,500 or close to that, you don't pay a single penny when you take out your investments 1 year later.
If you're a retiree with <$40K income (e.g. only bank interest income) and you have a million dollars in long-term capital gains if you sold all of your stocks, you'd end up paying no taxes on that? What am I missing?
Reply
Joined Nov 2015
L7: Teacher
> bubble2 2,077 Posts
702 Reputation
alexatie
11-15-2020 at 11:42 PM.
11-15-2020 at 11:42 PM.
So what is the verdict? i have a 360 money market account already, do i qualify for this?
1
Reply
Joined Jul 2008
Howdy.
> bubble2 4,681 Posts
563 Reputation
MrStealYourHamster
11-15-2020 at 11:44 PM.
11-15-2020 at 11:44 PM.
Quote from HamHB View quoted comment :
You also forgot Robinhood Capital Gains Tax.

If you make above 40k, you have to pay about 15% of your taxes on your investments, even if you wait 1 year.

If you make somewhere in the ball park of $39,500 or close to that, you don't pay a single penny when you take out your investments 1 year later.

Is it gross income or after tax
Reply
Joined Jul 2008
L3: Novice
> bubble2 132 Posts
32 Reputation
VzjrZ
11-15-2020 at 11:53 PM.
11-15-2020 at 11:53 PM.
Quote from JONLIVE View quoted comment :
Do we have to pay tax for this?
You'll receive a 1099-INT and you'll pay your marginal income tax rate.
Reply

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Joined Jan 2017
L5: Journeyman
> bubble2 850 Posts
425 Reputation
animeeee
11-16-2020 at 12:02 AM.

Our community has rated this post as helpful. If you agree, why not thank animeeee

11-16-2020 at 12:02 AM.
Also, the first checkbook of 50 checks is free on new accounts. Saved me some money on ordering checks from my primary bank!

You have to manually request them, but it is easy to do on your account page. It even shows you an order total of $0.00.

Makes this deal just that much better Smilie
1
1
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Last edited by animeeee November 16, 2020 at 12:05 AM.
Joined Nov 2008
L7: Teacher
> bubble2 2,032 Posts
518 Reputation
gt5oh
11-16-2020 at 12:26 AM.
11-16-2020 at 12:26 AM.
subscribed
Reply
Joined Jun 2009
L5: Journeyman
> bubble2 969 Posts
169 Reputation
matt48
11-16-2020 at 12:36 AM.
11-16-2020 at 12:36 AM.
Quote from GiveMeMercy View quoted comment :
Did you open your previous 360 Checking account on or after January 1, 2018?

He opened the account just now but forgot to put in the code. That in itself is counted as current/previous customer even if he called to cancel it immediately.
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,215 Posts
523 Reputation
Fanime
11-16-2020 at 01:26 AM.
11-16-2020 at 01:26 AM.
Done in 5 mins. BONUS400 was prepopulated.
Reply
Joined Dec 2008
L5: Journeyman
> bubble2 652 Posts
363 Reputation
Pro
HISI808
11-16-2020 at 03:25 AM.
11-16-2020 at 03:25 AM.
Quote from alexatie View quoted comment :
So what is the verdict? i have a 360 money market account already, do i qualify for this?
Yes you do. I have a 360 money market and 360 savings. After opening the 360 checking I called and they confirmed that the promo code was applied.
Reply
Joined Dec 2008
L5: Journeyman
> bubble2 652 Posts
363 Reputation
Pro
HISI808
11-16-2020 at 03:27 AM.
11-16-2020 at 03:27 AM.
Quote from animeeee View quoted comment :
Also, the first checkbook of 50 checks is free on new accounts. Saved me some money on ordering checks from my primary bank!

You have to manually request them, but it is easy to do on your account page. It even shows you an order total of $0.00.

Makes this deal just that much better Smilie
Yes, order the checks right away since it will take 7-10 business days for delivery. I know my work requires me to submit a voided check for direct deposit.
Reply
Joined Dec 2014
L10: Grand Master
> bubble2 8,288 Posts
491 Reputation
someoneslick
11-16-2020 at 03:41 AM.
11-16-2020 at 03:41 AM.
I forgot to ask.... by two auto deposits, does it mean 2 DIFFERENT ones, ie from different sources or it can be two from the same source (such as the same recurring deposit twice)?
Reply

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Joined Nov 2007
L6: Expert
> bubble2 1,194 Posts
215 Reputation
swegaz0rd
11-16-2020 at 03:55 AM.
11-16-2020 at 03:55 AM.
Quote from kvs25 View quoted comment :
It literally tells you the end date on the website. Did you even open the link?
Yes idiot.. offer has been live 3 days and 52 pages on SD already. There is the usual 'Capital One reserves the right to withdraw this offer..' in the terms. $400 is an aggressive offer. Seems unlikely that it will last into late Jan.
1
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