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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
689,531 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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$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 Feb 2015
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CndnMP
12-12-2020 at 08:32 PM.
12-12-2020 at 08:32 PM.
Quote from PoLusImo View quoted comment :
I have done quite a few accounts with other banks, in past years and based on my experience, what it means is 2 DDs of 1K+ each. Mostly you won't get a bonus if you do two DDs but they are less that 1K; and if you don't then good luck getting bonus from Cap One.




Mostly NO, but you can try opening with the code and you'll see a message after you supply opening deposit info that you're not eligible. If you get that, then you can abandon the application.
This is all wrong information. I've done several of these account bonuses and it's always been a "Total" direct deposits requirement. The min $/transaction usually shows up for debit card use requirements.

Also, the terms clearly say that having a checking account since 2018 makes you ineligible. If having a savings account made you not eligible they would have said so.
Reply
Last edited by CndnMP December 12, 2020 at 08:36 PM.
Joined Sep 2016
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> bubble2 656 Posts
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Slickdealer785
12-13-2020 at 12:12 AM.
12-13-2020 at 12:12 AM.
Quote from pookguy88 View quoted comment :
I've had a 360 Savings account, am I still eligible for this since it's for checking?

Yes it will .. I also had 360 savings and managed to open checking account now and CS said my offer has been applied
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Joined Apr 2016
L5: Journeyman
> bubble2 706 Posts
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Ratchett
12-13-2020 at 12:21 AM.
12-13-2020 at 12:21 AM.
I just changed my payroll to direct $600 to CapOne. I really dont see the point in jumping through hoops if you can change your payroll direct deposit easily.
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Joined Aug 2011
L6: Expert
> bubble2 1,112 Posts
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Staticks
12-13-2020 at 05:41 AM.

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

12-13-2020 at 05:41 AM.
An ACH direct deposit is any kind of electronic transfer made from a business or government entity to a consumer. The kinds of payments that fit in this category include direct deposits of:

Paychecks
Employer-Reimbursed Expenses
Government Benefits
Tax Refunds
Annuity Payments
Interest Payments

https://www.investopedia.com/ach-...rk-4590120
1
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Joined Aug 2009
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pookguy88
12-13-2020 at 08:21 AM.
12-13-2020 at 08:21 AM.
Quote from Slickdealer785 View quoted comment :
Yes it will .. I also had 360 savings and managed to open checking account now and CS said my offer has been applied
sweet, just wondering, how did you contact CS? I should contact them to see if the offer was applied
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Joined Dec 2016
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samsungs70
12-13-2020 at 11:34 AM.
12-13-2020 at 11:34 AM.
So I guess within a month (2) ACH debit transfers from Charles Schwab to Cap 1 for a total of $1,000 would qualify? Thanks.
Reply
Joined Dec 2005
L6: Expert
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jcvu
12-13-2020 at 01:18 PM.
12-13-2020 at 01:18 PM.
Is paypal deposit counts as DD?
2
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Joined Mar 2007
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chuckywang
12-13-2020 at 04:23 PM.
12-13-2020 at 04:23 PM.
So I guess people out of work are just SOL
2
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Joined Sep 2016
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yellowfish
12-14-2020 at 05:33 AM.
12-14-2020 at 05:33 AM.
I've deposited a little over 12k into this account since Nov 18th. Hopefully all these are qualified online deposits lmao

All come from square inc so I'd believe so.
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Joined Aug 2011
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pewpewbangbang
12-14-2020 at 10:46 AM.
12-14-2020 at 10:46 AM.
Quote from chuckywang View quoted comment :
So I guess people out of work are just SOL
Why? Unemployment benefits are direct deposit.
1
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Joined Feb 2015
L1337: Deal Sniper
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Nytron
12-14-2020 at 11:28 AM.
12-14-2020 at 11:28 AM.
Quote from Nytron View quoted comment :
Robinhood no longer allowing the transferring of money from Bank A to Robinhood, and then from Robinhood to Bank B.

I was able to do exactly the above with $100 last week on Robinhood, now I can't do it with $900 (or any amount). They say it has been their rules all along. WTF?

So Charles Schwab brokerage account is the best option then or...?
Annnd Schwab won't let me transfer any money out of my newly created individual Schwab brokerage account, it shows the available transfer balance as 0 even though there's plenty of money in that account.

So basically you have to actually do a real direct deposit from your employer to be certain this deal will work. There's nothing on Capital One's end that will ensure you'll get the bonus anyways, even if Robinhood and Schwab would have worked. The previous 90 pages of this thread should be pruned down to like 1 page worth of posts.
1
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Last edited by Nytron December 14, 2020 at 11:31 AM.
Joined Nov 2007
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cowbe0x004
12-14-2020 at 11:34 AM.
12-14-2020 at 11:34 AM.
Quote from Nytron View quoted comment :
Annnd Schwab won't let me transfer any money out of my newly created individual Schwab brokerage account, it shows the available transfer balance as 0 even though there's plenty of money in that account.

So basically you have to actually do a real direct deposit from your employer to be certain this deal will work. There's nothing on Capital One's end that will ensure you'll get the bonus anyways, even if Robinhood and Schwab would have worked. The previous 90 pages of this thread should be pruned down to like 1 page worth of posts.
There's a hold period for money that just got transferred, even if it shows your available balance.
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Joined Nov 2006
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AznAnt
12-14-2020 at 10:01 PM.
12-14-2020 at 10:01 PM.
Just signed up, I had to put in the promo code manually since it didn't auto-populate.
Went ahead and set up $1000 payroll deposit just to be on the safe side
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Joined Feb 2019
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Andrew1929
12-15-2020 at 05:48 AM.
12-15-2020 at 05:48 AM.
Quote from yoyofish View quoted comment :
YES, taxable income forget it.

You $400 away from the next tax bracket?
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emp
12-15-2020 at 07:20 AM.
12-15-2020 at 07:20 AM.
Quote from Andrew1929 View quoted comment :
You $400 away from the next tax bracket?
Even if that was the case it wouldn't matter as you'd only pay the extra tax bracket on the amount you're over by so if it puts you into the next tax bracket by $200 and the next bracket is 2% higher (22% vs 24%) you'll only pay an extra $4 in tax.

Either way $400 after tax is still free money so why not? That's like saying I don't want to work overtime since I'll have to pay more tax, or I don't want to work at all since I'll have to pay tax.

Let's say total time invested is 30 min between filling out application, changing direct deposit, and then following up and transferring cash out. So I guess it's not worth it if you make more than $800/hour, even if it takes you 1 hour for the above that's still $400/hour.
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