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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 Nov 2017
L4: Apprentice
> bubble2 447 Posts
45 Reputation
Fbeyza
12-02-2020 at 05:56 AM.
12-02-2020 at 05:56 AM.
Quote from Fbeyza View quoted comment :
Any luck with cashapp and/or venmo?
this is what I see with cash app,

Square IncTransfer+$500.00 $560.00Transaction Type:Electronic transferAppears on statement as: Deposit from Square Inc * Cash AppMemo
* Cash App
Reply
Joined Jun 2019
L2: Beginner
> bubble2 2,215 Posts
523 Reputation
Fanime
12-02-2020 at 09:28 AM.
12-02-2020 at 09:28 AM.
Quote from DonWonJohnson View quoted comment :
I signed up for this...but here is a general concern regarding Capital One and liquidity (could be nothing). Yesterday I rolled up to the drive thru (needed a cashier's check), and was turned away due to a "system outage"...didnt think much of it. Today, I requested the cashiers check and was told its $10 dollars, and they refused to waive it (including phone customer service. My concern here is that it is possible, however unlikely, that they are having liquidity issues (masked as a "system outage"). It's very dangerous to turn a customer away from a withdrawal at the bank.

There has been an increase in bank defaults, and none of them will tell you. They may start implementing odd rules to overcome internal issues, such as a ridiculous fee for a cashier's check from a large customer.

Anyways, I withdrew about 90% of my $ (way above FDIC limits), and now am going to get 400 dollars for 1000 in dd. It's a great deal, but just be very cautious regarding maintaining substantial sums, not because of an egregious 10 dollar fee, but a 10 dollar fee to acquire on demand funds.

The 400 deal is amazing though.
Wtf are you on? Capital one is not going under.

Cashier's checks are not free for most banks unless you belong to a higher tier. The cashier's check fee is listed in the terms you agreed to when the account was opened.
Reply
Joined Dec 2009
L4: Apprentice
> bubble2 342 Posts
18 Reputation
livefrugal
12-02-2020 at 09:44 AM.
12-02-2020 at 09:44 AM.
Does bank of america EDD transfer count?
Reply
Joined Dec 2003
L5: Journeyman
> bubble2 705 Posts
27 Reputation
micro
12-02-2020 at 10:10 AM.
12-02-2020 at 10:10 AM.
Has any tried using the T-Mobile checking account to see what a transfer would show as?

Also, is it possible to call Customer Service to have them review the transfer and see if it's a qualifying transfer?
Reply
Joined Oct 2015
L3: Novice
> bubble2 240 Posts
14 Reputation
BigBoston
12-02-2020 at 10:31 AM.
12-02-2020 at 10:31 AM.
Quote from ljviss View quoted comment :
I applied for this deal on Monday and got denied because of Early Warning.

I've done 18 bank bonus deals successfully since February so I guess I'll have to slow down a little. laugh out loud

I might try the Comerica $200 Bonus [comerica.com] deal though. Peace
whats early warning?
Reply
Joined Aug 2011
L4: Apprentice
> bubble2 324 Posts
74 Reputation
Michaelyu
12-02-2020 at 01:13 PM.
12-02-2020 at 01:13 PM.
Quote from FabulousPanther690 View quoted comment :
I called them explaining that I did not add the code the first time around and when trying again it created a second account. They were unwilling to add the code to the first account. Looks like i am not going to waste more time and energy on this. Hate such shady tactics by banks.
This is sneaky and frustrating. I made the same mistake as I chose to add the fund later and didn't have a chance to add promo code until the account was opened. CS is not very helpful when I called so I decided to close the account. I'd definitely stay away from Capital One in the future. Be careful to check before submitting your application.
2
Reply
Last edited by Michaelyu December 2, 2020 at 01:16 PM.
Joined Aug 2011
L4: Apprentice
> bubble2 324 Posts
74 Reputation
Michaelyu
12-02-2020 at 01:18 PM.
12-02-2020 at 01:18 PM.
Quote from SmileyFrog View quoted comment :
So I made a mistake in opening the account it seems.

I didnt add the promo code, when I call them they say it's not on the account and that after i meet the reqs, they might be able to make an exception but can't guarantee it.

Should I close the account and make a new one?

Any recommendations? Greatly appreciated. thanks
Same mistake made and closed account. You won't get bonus even if you open a new one as they require you don't have an account on or after 2018.
1
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Joined Oct 2016
Alex
> bubble2 10 Posts
10 Reputation
sanek009
12-02-2020 at 03:31 PM.
12-02-2020 at 03:31 PM.
I called the support a few weeks ago about what qualifies as Direct Deposit - they said that Venmo, Zelle and PayPal should qualify. I can't guarantee for sure. I did use Venmo and waiting on the bonus now(if support did not miss informed me Big Grin).
Reply
Joined Sep 2009
L4: Apprentice
> bubble2 442 Posts
99 Reputation
DentalPain
12-02-2020 at 03:33 PM.
12-02-2020 at 03:33 PM.
Quote from sanek009 View quoted comment :
I called the support a few weeks ago about what qualifies as Direct Deposit - they said that Venmo, Zelle and PayPal should qualify. I can't guarantee for sure. I did use Venmo and waiting on the bonus now(if support did not miss informed me Big Grin).

NeVER CalL the BANK.
2
Reply
Joined Oct 2008
Professional Novice
> bubble2 12,094 Posts
2,046 Reputation
RUsum1
12-02-2020 at 04:53 PM.
12-02-2020 at 04:53 PM.
Quote from APhamX View quoted comment :
Ebay daily payments show up as
Transaction Type:Electronic transfer
Deposit from EBAY EDI PYMNTS
Memo
EDI PYMNTS

Robinhood shows up as
Transaction Type:Electronic transfer
Deposit from ROBINHOOD
Memo
Funds

Not sure if either of these counts. Hopefully a c1 rep can answer.
I just got my first actual direct deposit into my account and it shows up as

Transaction Type: Electronic transfer
Appears on statement as: Deposit from *company name* QUICKBOOKS
Memo QUICKBOOKS

Will there be something else if an Electronic Transfer is somehow incorrect? Because the initial transfer of money from my credit union into this account shows as Electronic Transfer as well.

Quote from ultratumba View quoted comment :
Isnt DD of 60 days for 2 DDs unrealistic? It easily takes over a month to get DD to start and by the time the secound DD rolls around its past 60 days so you lose the bonus. I have been hosed by my employer who literally takes almost 2 months to start DD. I get payed once a month. Sucks to be me I guess.
Where do you work where an actual Direct Deposit request takes over a month? I notified my employer to change my Direct Deposit last week and my payment hit my new account this morning. Also, not everyone only gets paid once per month. I get paid weekly. Some people get paid every two weeks. So yeah this scenario for you kind of sucks. I would be mad at your payroll office for taking so long to activate direct deposit requests.

Quote from Truth-Serum View quoted comment :
Two DD from my job
Does it show up as Electronic Transfer or as something different? The original post says it needs to show up as ACH Funds but my legitimate Direct Deposit that I got today shows as Electronic Transfer
Reply
Last edited by RUsum1 December 2, 2020 at 05:00 PM.
Joined Sep 2007
Temporarily Banned
> bubble2 2,574 Posts
348 Reputation
imjimmy
12-02-2020 at 06:02 PM.
12-02-2020 at 06:02 PM.
After the account is open, does anyone know how to confirm whether the $400 promo code was applied or not?

I can't remember during my application process whether it took or not. Thanks.
Reply
Joined Aug 2003
L9: Master
> bubble2 4,298 Posts
360 Reputation
fsyowad
12-02-2020 at 06:15 PM.
12-02-2020 at 06:15 PM.
Quote from imjimmy View quoted comment :
After the account is open, does anyone know how to confirm whether the $400 promo code was applied or not?

I can't remember during my application process whether it took or not. Thanks.
I just "CALLED" them. I have had and used a few of their cards and thought it was a normal honest question for the operator. She was actually nice and answered my question. Don't always listen to the people who scream the loudest. Been here a long time. Every deal can be different, and it's rare one blows up. And if it does....they'll be plenty more.
Reply
Joined May 2008
L8: Grand Teacher
> bubble2 3,177 Posts
204 Reputation
calisoldier83
12-02-2020 at 07:21 PM.
12-02-2020 at 07:21 PM.
Quote from OGIGA View quoted comment :
Me. Now it's this:
We hit a snag.
Looks like we ran into a technical issue. Sorry about that. Please restart the application.
You can restart the application here"

Called, CSR got me unlocked, finished application with the BONUS400 code reminders everywhere. Did not make initial transfer.
Same problem. It appears an old account was in the system that needed to be removed. They claimed it was removed, but I'm still getting this message.

Did it work immediately or did you have to wait awhile?
Reply
Joined Oct 2005
Hollander
> bubble2 3,290 Posts
1,132 Reputation
ljviss
12-02-2020 at 10:17 PM.
12-02-2020 at 10:17 PM.
Quote from BigBoston View quoted comment :
whats early warning?
Early Warning [earlywarning.com] keeps a record of everyone's banking history showing what bank accounts and transactions they have made. It's a report on bank account activity similar to what a credit report is regarding your credit cards, loans, and mortgages.

When you apply for a new bank account some banks check your Early Warning File Disclosure to see how many bank accounts you've opened and what type of banking transactions you have done. The more bank accounts you open and close over the years helps them decide if they want you as a customer. If they feel you are someone who just opens the account to get a bonus and then closes it, they don't want you as a customer.
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Joined Apr 2009
L3: Novice
> bubble2 220 Posts
119 Reputation
OGIGA
12-03-2020 at 12:16 AM.
12-03-2020 at 12:16 AM.
Quote from calisoldier83 View quoted comment :
Same problem. It appears an old account was in the system that needed to be removed. They claimed it was removed, but I'm still getting this message.

Did it work immediately or did you have to wait awhile?
It was as immediate as the next time I tried, which ended up being the same day. I didn't check immediately, might have been an hour or two later.
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