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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
688,309 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
688,309 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 2013
L5: Journeyman
> bubble2 783 Posts
78 Reputation
rusr
01-15-2021 at 03:06 PM.
01-15-2021 at 03:06 PM.
Quote from jackc6900 View quoted comment :
I could have sworn the promo code had been auto filled when I was going through. I came back to this thread to see if folks started getting money yet and everyone has got me all nervous I didn't do it right with this promo code. So I called capital one and she confirmed she couldn't see the promo on my account (sigh). However, I did everything correct in terms opening the account and I have 4 direct deposits up to this point... so she added notes to my account and said call back on February 15th and they can manually add it. She said they've been getting a ton of these calls and wouldn't be an issue getting the money manually.

This is my only exposure to capital one and I must say it seems a little shady. When you have an advert that publishes get $400 for opening this account and doing xyz... and you click the link and sign up... you shouldn't have to worry about some promo code in an obscure box somewhere making or breaking your deal. My guess is they were hoping many would sign up and screw this up so they get a flood of new banking customers and not have to pay many of these out.

I completely agree with you. It's poor execution / implementation on their part. If you click the link, it should just work!
2
Reply
Joined Dec 2014
L3: Novice
> bubble2 1,861 Posts
178 Reputation
BrianH5624
01-15-2021 at 03:38 PM.
01-15-2021 at 03:38 PM.
Quote from GeorgeMcFly View quoted comment :
I think most know this.. you are still netting ~$300 after taxes. Not like you are losing money.
I know just like to remind some people so it's not a surprise
1
Reply
Joined Dec 2006
L3: Novice
> bubble2 294 Posts
40 Reputation
vytis1
01-16-2021 at 10:07 AM.
01-16-2021 at 10:07 AM.
Quote from BrianH5624 View quoted comment :
Don't forget you have to pay tax on these bonuses at end of year.
If you are a student with $2,000 in 2020. How much you would pay? Nada?
1
Reply
Joined May 2015
L2: Beginner
> bubble2 48 Posts
12 Reputation
bigmeany2021
01-16-2021 at 11:55 PM.
01-16-2021 at 11:55 PM.
Quote from vytis1 View quoted comment :
If you are a student with $2,000 in 2020. How much you would pay? Nada?

Yep under $10K you dont have to pay capital gains
Reply
Joined Nov 2008
L7: Teacher
> bubble2 2,032 Posts
518 Reputation
gt5oh
01-17-2021 at 12:43 AM.
01-17-2021 at 12:43 AM.
Quote from bigmeany2021 View quoted comment :
Yep under $10K you dont have to pay capital gains
Bank interest is not taxed at capital gains rate, its taxed as ordinary income.
Most banks send you a 1099-INT Tax Form (INT = INTEREST) which will list the interest + bank bonuses and you pay tax on that at your ordinary income rate (whatever brackets you fall into)

Capital gains rates.. both short term and long term refer (usually) to the sale of investments. However it is noted that someone's short term capital gain rate may also equal their ordinary income tax rate.

Now if the question is, do I need to file a tax return if I make money from this bank promo deal...well the answer is based on how much total income you have for the year as well as some other factors.. which you can read about here - https://turbotax.intuit.com/tax-t.../L7pluHkoW
Reply
Last edited by gt5oh January 17, 2021 at 12:46 AM.
Joined Dec 2013
L6: Expert
> bubble2 1,615 Posts
300 Reputation
elite-fusion
01-18-2021 at 10:14 AM.
01-18-2021 at 10:14 AM.
Has anyone received their 400 sign up bonus?
Opened one for my and one for the wife, did over 1k in DD over the course of a month, and still dont have anything posted pertaining to bonus on either account.
2
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Joined Jan 2005
L4: Apprentice
> bubble2 473 Posts
46 Reputation
RofSilk
01-18-2021 at 10:18 AM.
01-18-2021 at 10:18 AM.
Quote from elite-fusion View quoted comment :
Has anyone received their 400 sign up bonus?
Opened one for my and one for the wife, did over 1k in DD over the course of a month, and still dont have anything posted pertaining to bonus on either account.

It all depends on when you opened the account. Iirc it's paid at the end of 3 or 4 months
Reply

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Joined Jul 2007
L7: Teacher
> bubble2 2,390 Posts
eko427
01-18-2021 at 10:26 AM.
01-18-2021 at 10:26 AM.
Quote from elite-fusion View quoted comment :
Has anyone received their 400 sign up bonus?
Opened one for my and one for the wife, did over 1k in DD over the course of a month, and still dont have anything posted pertaining to bonus on either account.
Read the OP.
Reply
Joined Dec 2007
L5: Journeyman
> bubble2 507 Posts
799 Reputation
ziat
01-18-2021 at 11:36 AM.
01-18-2021 at 11:36 AM.
I didn't see this deal earlier and now there's no time to get 2 direct deposits set up from my work. Is there another way I could make the direct deposits myself as a transfer from another bank account?
Reply
Joined Nov 2008
L10: Grand Master
> bubble2 8,106 Posts
607 Reputation
dtmamg
01-18-2021 at 12:22 PM.
01-18-2021 at 12:22 PM.
Quote from elite-fusion View quoted comment :
Has anyone received their 400 sign up bonus?
Opened one for my and one for the wife, did over 1k in DD over the course of a month, and still dont have anything posted pertaining to bonus on either account.
refer to post 1
Reply
Joined Aug 2010
L4: Apprentice
> bubble2 309 Posts
pizzatown
01-18-2021 at 02:34 PM.
01-18-2021 at 02:34 PM.
I've read a bunch in this thread and people have stated PNC transfers showed up as ACH...However, mine show

Deposit from PNCBK CK WEBXFR P2P

Memo- P2p

So, I'm guessing that didn't work?
Reply
Joined Dec 2015
L5: Journeyman
> bubble2 548 Posts
65 Reputation
Waiting4Hope
01-19-2021 at 01:15 PM.
01-19-2021 at 01:15 PM.
I am not sure why everyone not able to confirm if promocode is applied or not and eventually calling CS. I opened account recently and within two days received an email "You're already on your way to earning a cash bonus of $400 with 360 Checking!". Hope this helps to others..check your spam folder too!
Reply
Joined Jul 2006
L6: Expert
> bubble2 1,603 Posts
328 Reputation
kaubay
01-19-2021 at 03:11 PM.
01-19-2021 at 03:11 PM.
Quote from Waiting4Hope View quoted comment :
I am not sure why everyone not able to confirm if promocode is applied or not and eventually calling CS. I opened account recently and within two days received an email "You're already on your way to earning a cash bonus of $400 with 360 Checking!". Hope this helps to others..check your spam folder too!
Now I'm scared. Did not receive this email from CapitalOne. Confused
Reply
Joined Jul 2007
L7: Teacher
> bubble2 2,390 Posts
eko427
01-19-2021 at 03:22 PM.
01-19-2021 at 03:22 PM.
I don't remember anyone else in this thread mentioning an email.
Reply

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Joined Sep 2019
Banned Shill
> bubble2 3,180 Posts
1,108 Reputation
rios7
01-19-2021 at 06:37 PM.
01-19-2021 at 06:37 PM.
Quote from Waiting4Hope View quoted comment :
I am not sure why everyone not able to confirm if promocode is applied or not and eventually calling CS. I opened account recently and within two days received an email "You're already on your way to earning a cash bonus of $400 with 360 Checking!". Hope this helps to others..check your spam folder too!
can you post a screenshot? w personal info redacted of course.
Reply
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