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Edited November 13, 2020
at 05:03 PM
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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:- 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.
- 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.
- 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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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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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!
Yep under $10K you dont have to pay capital gains
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
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.
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
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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.
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.
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So, I'm guessing that didn't work?
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