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Open a Capital One 360 Checking Account and get a $350 Checking Bonus!

+298 Deal Score
244,289 Views
This is not as good as the BONUS400 from 3 years ago, but this is the best offer we have seen from Capital One to open a 360 checking account.

Earn $350 with 360 Checking

Update (10/29/23): This has been shortened to end on 10/30/23.

Open with code BONUS350 by January 9, 2024 and complete the steps below.

1. Open 360 Checking
Open a new account by January 9, 2024 using the promo code BONUS350.

2. Get direct deposits
Set up and receive at least 2 direct deposits, each of $250 or more, within 75 days of account opening.

3. Bonus time
Your $350 bonus will be deposited into your new account after you complete these steps. See footnotes for timing.

https://www.capitalone.com/bank/bonus350/

Here's the full scoop on how to earn your $350 bonus:

Open a 360 Checking account between 12:00 a.m. ET on August 2, 2023 and 11:59 p.m. ET on January 9, 2024. When you open your account, ensure you enter in the promotional code BONUS350 in the Promo Code box.

Set up and receive at least 2 qualifying direct deposits each of $250 or more to your 360 Checking account within 75 days of account opening. A Qualifying Direct Deposit is a regular periodic payment, such as salary, pension, government payments (for example, Social Security), or other monthly income that occurs as an Automated Clearing House (ACH) or Real-Time Payment network credit from your employer or an outside institution. ACH credits or fund transfers initiated via the Capital One website or mobile app and wires are not considered a Qualifying Direct Deposit.

When will I get my bonus?
Your bonus will be deposited into your account within 60 days after you have completed the requirements above. This 60-day period begins the day after your second Qualifying Direct Deposit has been posted to your account.

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 per account. Bonus is only valid for one new 360 Checking account. The amount of your bonus will be reported on IRS form 1099-INT to the IRS (and your state revenue authority, if required).

If you have or had an open 360 Checking, Simply Checking, Total Control Checking or Money Teen Checking account as a primary or secondary account holder with Capital One on or after January 1, 2021, 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.
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Deal
Score
+298
244,289 Views
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.

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Joined Dec 2007
L5: Journeyman
> bubble2 515 Posts
154 Reputation
Gurney
08-05-2023 at 06:47 PM.
08-05-2023 at 06:47 PM.
Zero interest.
Capone simple checking is about .6apy
Reply
Joined Jun 2019
L4: Apprentice
> bubble2 419 Posts
94 Reputation
CleverChicken951
08-05-2023 at 09:14 PM.
08-05-2023 at 09:14 PM.
Quote from muthukumaran.1234 :
I agree this is a checking account & i am not saying its just capital one..as you note if your fidelity cash position can provide 4.9% on an account that is nearly identical to a checking account why can't banks checking accounts do even half of that...but then they first need to do that with their "savings" account..my point is if the banks play fair (instead of fighting to keep the status quo) we don't need to resort to these hoops they design (some easier like this not others)..having said that this one is better than the likes of WF & chase by paying at least 0.10%..not to mention 'fees' charged by them which is downright illegal in my book..

4.9% you had quoted, do you mean Fidelity SPAXX?
Is there a minimal guarantee this will be paid each month, in comparison to other Savings accounts that quote 4.3% APY?
I cannot find much details in their product documentation, if you could highlight for me pls?
Reply
Joined Dec 2013
New User
> bubble2 17 Posts
10 Reputation
joaquin3
08-06-2023 at 01:18 AM.
08-06-2023 at 01:18 AM.
Quote from amoled :
the problem is: bonus is taxable, meaning roughly 1/3 will be 'donated' to IRS. At the end, the customer will only get roughly $240. I wish they'd give out points that can be redeemed toward statement credit instead...

According to 2020 data, between 5% and 10% of taxpayers pay at the 32% or higher marginal rate. Realistically speaking, the donation should be about a quarter of the bonus or you receive a net bonus of about $262.
Reply
Last edited by joaquin3 August 6, 2023 at 03:38 AM.
Joined Nov 2010
L3: Novice
> bubble2 101 Posts
18 Reputation
spec3
08-06-2023 at 07:31 AM.
08-06-2023 at 07:31 AM.
If I am a current customer can I open another one?
Reply
Joined Jun 2019
L4: Apprentice
> bubble2 419 Posts
94 Reputation
CleverChicken951
08-06-2023 at 09:31 AM.
08-06-2023 at 09:31 AM.
Quote from spec3 :
If I am a current customer can I open another one?

Generally: Not
But I didn't look into fine print of this yet
Reply
Joined Nov 2019
L3: Novice
> bubble2 115 Posts
149 Reputation
RaghavP511
08-06-2023 at 10:30 AM.
08-06-2023 at 10:30 AM.
Quote from CleverChicken951 :
4.9% you had quoted, do you mean Fidelity SPAXX?
Is there a minimal guarantee this will be paid each month, in comparison to other Savings accounts that quote 4.3% APY?
I cannot find much details in their product documentation, if you could highlight for me pls?
Yes, Fidelity SPAXX pays 4.9%. This is backed by the US Govt. so it will definitely be paid out each month. It pays out the first of every month or so.
Reply
Joined Jun 2019
L4: Apprentice
> bubble2 419 Posts
94 Reputation
CleverChicken951
08-06-2023 at 04:27 PM.
08-06-2023 at 04:27 PM.
Quote from RaghavP511 :
Yes, Fidelity SPAXX pays 4.9%. This is backed by the US Govt. so it will definitely be paid out each month. It pays out the first of every month or so.

Pls share product literature where this says assured return, until then it maybe baseless claim
As much I researched, your money is not going into money market funds, hence assured APY % is a myth
This is not blind argument, but I didn't find what I was looking, seeking peer help

Because if paid last 6 months, doesn't mean it will next 6 months, that is not how it works with money

Look at performance over different periods, why is YTD returns at 2.67%, when Savings APY averages 4%+ and higher? This makes your statement false

BTW:
Fidelity SPAXX may not be FDIC protected up to 250k
Hope you know what that means?

Update:
SPAXX is not FDIC insured by itself, but brokerage accounts are, effectively safe it appears

https://www.reddit.com/r/fidelity...ic_insured
1
Reply
Last edited by CleverChicken951 August 6, 2023 at 07:32 PM.

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Joined Dec 2021
L2: Beginner
> bubble2 87 Posts
14 Reputation
JWalker1980
08-06-2023 at 04:32 PM.
08-06-2023 at 04:32 PM.
Quote from coug123 :
I had capital one regular savings and checking account back in 2012, the bonus was promptly provided after the conditions were met. No issues with their service as well. Closed the account since I don't have their bank in the state I live in now. Still have their cc and they waive the late payment fee when I forgot to pay on time.

Thank you for sharing this. I've had a credit card with them for a while but since no local branches I hadn't opened checking or savings but always curious
Reply
Joined Dec 2021
L2: Beginner
> bubble2 87 Posts
14 Reputation
JWalker1980
08-06-2023 at 04:43 PM.
08-06-2023 at 04:43 PM.
Ok slightly off main topic but does anyone know if you can have more than one credit card account thru capital one? I currently have a Walmart sponsor card use anywhere just get extra rewards for using at Walmart and I am interested in a different rewards credit card
Reply
Joined Jun 2019
L3: Novice
> bubble2 184 Posts
30 Reputation
Johann1900
08-06-2023 at 09:52 PM.
08-06-2023 at 09:52 PM.
Quote from hounton :
Thank you! I've been looking for a good atm card for international travel
Go with Fidelity and/or Schwab brokerage account. You get a debit card with no foreign transaction fee AND atm fees are reimbursed.
Reply
Joined Aug 2012
L2: Beginner
> bubble2 62 Posts
30 Reputation
VivekK
08-07-2023 at 12:22 AM.
08-07-2023 at 12:22 AM.
Does it actually take the full 60 days for the bonus to show up? I just opened one and initiated two deposits from Chase to give it a try, and then want to call them and ask if it counted.
Reply
Joined Apr 2015
L6: Expert
> bubble2 1,688 Posts
100 Reputation
passive101
08-07-2023 at 03:43 AM.
08-07-2023 at 03:43 AM.
Can I open this account using the capital one app with the code or should I use the website?

I have 3 capital one credit cards so I hope that isn't a problem.
Reply
Joined Apr 2015
L6: Expert
> bubble2 1,688 Posts
100 Reputation
passive101
08-07-2023 at 04:04 AM.
08-07-2023 at 04:04 AM.
I tried to open an account and it keeps showing an old address for my mailing address. I have deleted it and it keeps showing me the old one with no way to apparently change it.
Reply
Joined Feb 2011
L7: Teacher
> bubble2 2,592 Posts
528 Reputation
homers54321
08-07-2023 at 06:58 AM.
08-07-2023 at 06:58 AM.
Quote from Johann1900 :
Go with Fidelity and/or Schwab brokerage account. You get a debit card with no foreign transaction fee AND atm fees are reimbursed.

I thought about schwab, but there is no bonus with opening an new account and you have to open a brokerage account
Reply

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Joined Feb 2011
L7: Teacher
> bubble2 2,592 Posts
528 Reputation
homers54321
08-07-2023 at 06:59 AM.
08-07-2023 at 06:59 AM.
Quote from VivekK :
Does it actually take the full 60 days for the bonus to show up? I just opened one and initiated two deposits from Chase to give it a try, and then want to call them and ask if it counted.

Please let us know what they say
Reply
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