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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
688,268 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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688,268 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 May 2008
L8: Grand Teacher
> bubble2 3,288 Posts
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ListedGuru
01-21-2021 at 12:37 PM.
01-21-2021 at 12:37 PM.
Way late to the party here but I have a few questions:

I did a Capital One 360 Savings promo a few years back for both the wife and I. Would I (we) still be eligible for this (we never had a 360 checking account).

What counts as a DD? Can I just transfer money from another online savings account? Don't really want to mess around switching payroll, etc.

Do I need to unlock credit and or chex systems if they are frozen?

Seems like a decent deal to get $800 for me and the misses with minimal hoops to jump through.

Thanks,

-Guru
Reply
Joined Apr 2013
L3: Novice
> bubble2 117 Posts
88 Reputation
Homeless_Penguin
01-21-2021 at 05:16 PM.
01-21-2021 at 05:16 PM.
Helping those who don't wanna go through all these pages:

1. I used Robinhood for direct deposit and confirmed with CS that it counts. It does not show up as "ach" in the description for transactions though

2. I used the OP link that had the promo already filled out when signing up for an account. Confirmed that the promo was activated. I did not fund when I signed up

3. I opened the account early December and fully funded mid December. CS said I should see the bonus applied end of March.

4. Confirmed with CS that once I satisfied the requirements of the promo I no longer needed to keep the money in the account.

Hope this helps some people
1
Reply
Joined May 2007
L6: Expert
> bubble2 1,810 Posts
1,005 Reputation
coldteadodd
01-21-2021 at 05:26 PM.
01-21-2021 at 05:26 PM.
Does an ARC From Marcus work?
Reply
Joined Jan 2005
L5: Journeyman
> bubble2 610 Posts
208 Reputation
uvasag
01-21-2021 at 06:07 PM.
01-21-2021 at 06:07 PM.
Had a very frustrating call with CS. They can't find the promo code applied to my account and are also saying they can't guarantee the pay out. I have to call back on Feb. 15th for a second review.
Reply
Joined Jul 2006
L5: Journeyman
> bubble2 693 Posts
76 Reputation
j0sh_dc5
01-21-2021 at 06:28 PM.
01-21-2021 at 06:28 PM.
I think I'm good, but 4 dd at $895 each will qualify right?
Reply
Joined Feb 2015
L2: Beginner
> bubble2 35 Posts
54 Reputation
moazro
01-22-2021 at 07:22 AM.
01-22-2021 at 07:22 AM.
As a heads up, I called capitalone to make sure everything was kosher. Advisor said i didn't put in promo code. 100% sure i did. I even have screen shot of the congratulations with account number and promo code used. He didn't want to see it after i asked if i could email it. He said i did not qualify as it was not added to my account from their view.

Kind of annoying advisor. Escalated it and spoke to someone nicer. He said call back late march to have it manual added. He would notate my account
Reply
Joined Jan 2005
L5: Journeyman
> bubble2 610 Posts
208 Reputation
uvasag
01-22-2021 at 08:35 AM.
01-22-2021 at 08:35 AM.
Quote from moazro View quoted comment :
As a heads up, I called capitalone to make sure everything was kosher. Advisor said i didn't put in promo code. 100% sure i did. I even have screen shot of the congratulations with account number and promo code used. He didn't want to see it after i asked if i could email it. He said i did not qualify as it was not added to my account from their view.

Kind of annoying advisor. Escalated it and spoke to someone nicer. He said call back late march to have it manual added. He would notate my account
Yeah pretty much how my call went. Annoying that the new theme seems to be that you forgot to add the code. Let's see how the 2nd call goes.
Reply

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Joined May 2008
L8: Grand Teacher
> bubble2 3,288 Posts
526 Reputation
ListedGuru
01-22-2021 at 11:03 AM.
01-22-2021 at 11:03 AM.
Do I need to unfreeze my credit before I open the account? If so what credit bureau? I think I might have froze my chex systems too so I would need to unfreeze that I guess.

Also does anyone know if I transfer funds from an Ally savings acct via ACH will that count as a direct deposit?

Thanks,

-Guru
Reply
Joined Jul 2005
L9000: Broke Member
> bubble2 3,736 Posts
584 Reputation
EffinAhole
01-22-2021 at 11:11 AM.
01-22-2021 at 11:11 AM.
Quote from ListedGuru View quoted comment :
Do I need to unfreeze my credit before I open the account? If so what credit bureau? I think I might have froze my chex systems too so I would need to unfreeze that I guess.

Also does anyone know if I transfer funds from an Ally savings acct via ACH will that count as a direct deposit?

Thanks,

-Guru

I dont think that is what a direct deposit is. Direct deposit as in, for work. A job. As in continuous payments that automatically deposited to your account on a bi-weekly basis.
Reply
Joined Dec 2005
L10: Grand Master
> bubble2 14,723 Posts
1,815 Reputation
ScottoDono
01-23-2021 at 08:26 PM.
01-23-2021 at 08:26 PM.
Quote from ListedGuru View quoted comment :
Do I need to unfreeze my credit before I open the account? If so what credit bureau? I think I might have froze my chex systems too so I would need to unfreeze that I guess.

Also does anyone know if I transfer funds from an Ally savings acct via ACH will that count as a direct deposit?

Thanks,

-Guru
We have same question

Quote from bocil View quoted comment :
https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/#Capital_One_360
So Ally Bank is listed with a (1) next to it . The 1 is that 1 person reported it worked

Also, can this be stacked with a referral, and how is one issued just curious? (note: not looking for one )
Reply
Last edited by ScottoDono January 23, 2021 at 09:03 PM.
Joined Dec 2005
L10: Grand Master
> bubble2 14,723 Posts
1,815 Reputation
ScottoDono
01-23-2021 at 08:53 PM.
01-23-2021 at 08:53 PM.
Quote from Mongooste View quoted comment :
DD will be counted even if its a transfer out from pp or cashapp. Just do a regular one (takes a couple days) , not an instant.
How do you do this? You have to setup 2nd paypal account and connect it to Capital One ?
Reply
Joined Dec 2005
L10: Grand Master
> bubble2 14,723 Posts
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ScottoDono
01-23-2021 at 08:59 PM.
01-23-2021 at 08:59 PM.
Quote from SeattleHawk View quoted comment :
Does this get reported when we file for taxes?
Are they going to provide 1099 or something similar?
I had a $250 bonus from 5/3 and just got a 1099, $250 is under limit they need to report so sux I have to report. So guessing yes
Reply
Joined Aug 2012
L6: Expert
> bubble2 1,348 Posts
1,207 Reputation
igorjrr
01-24-2021 at 08:06 AM.
01-24-2021 at 08:06 AM.
I like they pay you $400 to know how bad their service is. That is, if they really end up paying the $400 ("no promo code was informed", "your DD did not qualify"). Get your $400 and run.
Reply
Joined Dec 2005
L10: Grand Master
> bubble2 14,723 Posts
1,815 Reputation
ScottoDono
01-24-2021 at 08:47 AM.
01-24-2021 at 08:47 AM.
Quote from igorjrr View quoted comment :
I like they pay you $400 to know how bad their service is. That is, if they really end up paying the $400 ("no promo code was informed", "your DD did not qualify"). Get your $400 and run.
Did you have an experience where that happened?
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Joined Jan 2014
L5: Journeyman
> bubble2 699 Posts
46 Reputation
FrannardF
01-25-2021 at 09:16 AM.
01-25-2021 at 09:16 AM.
If you fund the account with a deposit on the initial set up (for example $500), does that count towards the requirements of at least two deposits totalling 1K in 60 days?
Reply
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