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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
689,973 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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+810
689,973 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 Aug 2012
L7: Teacher
> bubble2 2,251 Posts
311 Reputation
SeventiesVet
11-20-2020 at 05:50 AM.
11-20-2020 at 05:50 AM.
I don't know why so many believe 2 simple external bank transfers would do it. Capital One would lose a ton of money. Direct reoccurring payroll deposits is what they want with the strategy that most will let that continue than bother changing it back.
1
Reply
Last edited by Rich8655 November 20, 2020 at 06:22 AM.
Joined Nov 2007
L5: Journeyman
> bubble2 649 Posts
129 Reputation
cowbe0x004
11-20-2020 at 06:08 AM.
11-20-2020 at 06:08 AM.
Quote from r_b_baker View quoted comment :
How are you guys seeing P2P or more detail on transfer? I only see "Electronic transfer" for my 3 transactions (BOA Initial Deposit, PayPal, Wealthfront).
Click on the transaction it should show you what it shows up on statement and a memo section.
Reply
Joined May 2009
L5: Journeyman
> bubble2 684 Posts
82 Reputation
Molotov
11-20-2020 at 07:14 AM.
11-20-2020 at 07:14 AM.
so how do we get this to work without a formal employer direct deposit?
Reply
Joined Dec 2006
MagniCowpie
> bubble2 2,648 Posts
609 Reputation
Prologik
11-20-2020 at 07:47 AM.
11-20-2020 at 07:47 AM.
Quote from RyThaFlyGuy View quoted comment :
My Charles Schwab brokerage transfer is showing up as an "electronic transfer" guess that means it didn't work. Great...
Brokerage accounts not showing as a ach DD totally destroys everything DOC (doctorofcredit) states with all ot its data points, unfortunately like I surmised much earlier in this thread. I was going to get a Robinhood account 'just in case', but stands to reason that if the big 3 (Schwab, Goldman, and Fidelity) won't work as brokerage accounts, neither should Robinhood. Too bad I can't get my DD to start any earlier than January. If any thread could use a wiki, this would be one of them. Don't even know why SD disabled it, unless they're trying to stimulate posts for ad revenue.
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 565 Posts
101 Reputation
lololololololol
11-20-2020 at 07:57 AM.
11-20-2020 at 07:57 AM.
Quote from Prologik View quoted comment :
Brokerage accounts not showing as a ach DD totally destroys everything DOC (doctorofcredit) states with all ot its data points, unfortunately like I surmised much earlier in this thread. I was going to get a Robinhood account 'just in case', but stands to reason that if the big 3 (Schwab, Goldman, and Fidelity) won't work as brokerage accounts, neither should Robinhood. Too bad I can't get my DD to start any earlier than January. If any thread could use a wiki, this would be one of them. Don't even know why SD disabled it, unless they're trying to stimulate posts for ad revenue.
I did two transfers from Schwab and they both say

Transaction Type: Electronic Transfer

and under "Memo" it says "P2P"

Does that mean these deposits won't work?
Reply
Last edited by lololololololol November 20, 2020 at 08:00 AM.
Joined Nov 2014
L1: Learner
> bubble2 316 Posts
95 Reputation
r_b_baker
11-20-2020 at 08:04 AM.
11-20-2020 at 08:04 AM.
Quote from cowbe0x004 View quoted comment :
Click on the transaction it should show you what it shows up on statement and a memo section.
Thanks, so here is what I see from my transfers---

Bank of America (Initial Deposit) - No Memo info
PayPal - MEMO: TRANSFER
Welathfromt - MEMO: EDI PYMNTS


They all show ELECTRONIC TRANSFER for the type.


And to all of you who say they would lose a ton of money, yes they can but its cheaper than commercials. 2-3 years ago, these bonuses were wild. I made like $4k off bonuses. Wells Fargo had one for $250 and you just made 10 debit card transactions (10 gift card reloads on Amazon for $1/each) and got $250 within a few days and close the account. Regions did a $400 and I can't recall but 2 others had it also.

I do the Chase bonus every other year for anywhere from $400-600 each time. With interest being crap everywhere, this is the best use of money if you can deal with playing all the transfer games. Chase gives you bonus from just Wealthfront transfers.

Also, when these pop up during tax season, you can try and parlay a few by splitting up refund into multiple deposits.
Reply
Joined Dec 2006
MagniCowpie
> bubble2 2,648 Posts
609 Reputation
Prologik
11-20-2020 at 08:15 AM.
11-20-2020 at 08:15 AM.
Quote from lololololololol View quoted comment :
I did two transfers from Schwab and they both say

Transaction Type: Electronic Transfer

and under "Memo" it says "P2P"

Does that mean these deposits won't work?
P2P isn't valid. It must be ACH DD.
Reply

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Joined Dec 2007
L5: Journeyman
> bubble2 565 Posts
101 Reputation
lololololololol
11-20-2020 at 08:19 AM.
11-20-2020 at 08:19 AM.
Quote from Prologik View quoted comment :
P2P isn't valid. It must be ACH DD.
Damn, I stupidly transferred directly from checking I wonder if it was due to that. I will try transferring again from my schwab brokerage account instead of checking
Reply
Joined Dec 2008
L10: Grand Master
> bubble2 6,186 Posts
502 Reputation
regcustomer88
11-20-2020 at 09:25 AM.
11-20-2020 at 09:25 AM.
Quote from Prologik View quoted comment :
P2P isn't valid. It must be ACH DD.
Mine says "ACH", but there's no "DD" in it. Anyone know if that will work.

Transaction Type: Electronic transfer
Appears on statement as: Deposit from XYZ inc. ACH
Memo: ACH
Reply
Joined Jul 2013
L4: Apprentice
> bubble2 308 Posts
343 Reputation
muskmelon
11-20-2020 at 09:43 AM.
11-20-2020 at 09:43 AM.
i transferred money from my Schwab brokerage account. This is how it shows up on Capital One. Any idea if this will qualify for ACH?

Transaction Type: Electronic transfer
Appears on statement as: Deposit from SCHWAB BROKERAGE MONEYLINK
Memo
MONEYLINK
Reply
Joined Dec 2006
MagniCowpie
> bubble2 2,648 Posts
609 Reputation
Prologik
11-20-2020 at 09:58 AM.
11-20-2020 at 09:58 AM.
Quote from muskmelon View quoted comment :
i transferred money from my Schwab brokerage account. This is how it shows up on Capital One. Any idea if this will qualify for ACH?

Transaction Type: Electronic transfer
Appears on statement as: Deposit from SCHWAB BROKERAGE MONEYLINK
Memo
MONEYLINK
I'm unable to transfer from my schwab brokerage account to C1, only to my original funding source. This is a PIA. If I weren't already committed, I wouldn't have bothered with this. Other bank promotions allow 90 days to set direct deposits up because they know it can take a month, so people don't have to fark around with alternative funding sources.
Reply
Joined Jan 2011
L3: Novice
> bubble2 211 Posts
30 Reputation
herpderp118
11-20-2020 at 10:01 AM.
11-20-2020 at 10:01 AM.
my memo just says "funds" for robinhood xfer..
Reply
Joined Jun 2014
L6: Expert
> bubble2 1,307 Posts
197 Reputation
RiotAct41
11-20-2020 at 10:06 AM.
11-20-2020 at 10:06 AM.
Quote from hoxuantu View quoted comment :
Why is there no space to put the code in ?
it auto-filled for me at the last step; I clicked the link in the OP.
Reply
Joined Nov 2010
L2: Beginner
> bubble2 72 Posts
22 Reputation
chessknt
11-20-2020 at 10:48 AM.
11-20-2020 at 10:48 AM.
my paycheck DD posted today and is listed as 'transfer' with payroll as a memo. Anyone else showing this the same way? Unclear if that qualifies....
Reply

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Joined May 2013
L5: Journeyman
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50 Reputation
erapmicks
11-20-2020 at 10:50 AM.
11-20-2020 at 10:50 AM.
Quote from chessknt View quoted comment :
my paycheck DD posted today and is listed as 'transfer' with payroll as a memo. Anyone else showing this the same way? Unclear if that qualifies....

Same boat. My paycheck DD from employer shows as "Transfer"
Reply
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