Earn a $400 bonus when you open a new Capital One 360 checking account! Learn more about this exciting offer inside!
Capital One 360 Checking $400 Bonus Offer
Capital One loves to give account opening bonuses. This year alone, they’ve offered $500 and even a whopping $1,000 to open a 360 Performance Savings account.
Now, Capital One is promoting the 360 Checking. You can earn a $400 bonus by opening a Capital One 360 Checking account and depositing 2 direct deposits totaling $1,000 or more.
Learn how to enroll in the 360 Checking offer, the details of the promotion, and avoiding account fees below.
Where Do I Enroll?
Ninja Update 8/29/21: The $400 offer has expired – we’ll update this link as it should be back at some point. If you can’t wait, there’s a similar Chase offer available.
Looking for other bank bonuses? See the list of the best bank bonuses currently available on this page.
- $600 Citizens Bank Checking + Savings Bonus
- $400 Wells Fargo Checking Account Bonus
- What Counts As A Direct Deposit When It Comes To Bank Sign Up Bonuses
Who Qualifies For The Capital One Savings Bonus?
You qualify for the bonus, unless you have or had an open 360 Checking account as a primary or secondary account holder on or after January 1, 2018.
What Are The Details?
Household Limit: None (everyone in your family can get the bonus!)
Direct Deposit Required: Yes, 2 direct deposits of $1,000+
Hard/Soft Pull: Soft
Early Account Termination Fee: None
Capital One is offering a checking bonus of $400 when you open a new 360 Checking account by following these 3 steps:
- Open a new 360 Checking account by January 26, 2021 using promo code BONUS400.
- Make at least 2 direct deposits totaling $1,000 or more within 60 days of account opening.
- Receive a $400 bonus 3 months after the initial 60-day account opening period.
Ninja Note: A lot of comments regarding where to enter the promo code during the application process. When you get to the section that asks for your banking information, look for a link on that page. Click the link and a text field will pop up where you can enter the code.
That last step can be a little confusing. Here’s a helpful chart with some examples on when you can expect the $400 bonus:
Fortunately, there are NO monthly fees to worry about and there’s no early account termination fees either!
Terms & Conditions
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.
- 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.
The Bottom Line
Interesting timing of this promotion considering Capital One just offered a $250 bonus for opening the same account a few days earlier. That one didn’t require a direct deposit so it may be useful for some, but this bonus is 60% more and requires just 2 direct deposits.
This is a bit annoying for those who already opened an account for that deal as this is obviously a better deal.
74 thoughts on “Capital One 360 $400 Checking Bonus”
$400 bonus posted
Just like the CO CS rep stated any deposit transfers will qualify and trigger the bonus.
I did not have a real DD just ACH transfers from outside banks.
18 Nov 2020 opened account funded with $1.00 transfer from Cap One 360 MM
25 Nov 2020 First $500 posted ACH push from Ally CK
01 Dec 2020 pull $500 back to Ally CK
03 Dec 2020 Second $500 posted ACH push from Disc CK
07 Dec 2020 pull $500 back to Ally CK
06 Jan 2021 third $500 posted ACH push from Ally CK
10 Jan 2021 pull $500 back to Ally CK
19 Feb 2021 $400 Cha-Ching! New account bonus
Do you think they’ll ever do this bonus again in the future? Trying to decide if I want to open an account now to get the current $150 bonus or wait to see if this pops up again
Typically, bonuses go away and come back again, but no one knows for sure. You could sign up for higher bonuses at other banks while you wait to see if Capital One 360 brings this $400 offer back.
I opened my account in December 2020 and my first direct deposit was done on December 31st and two weeks after another direct deposit. I’m still waiting for my bonus
Same here. Still waiting.
I still have not received my bonus.
I’m with you. applied on last day or the pomo, used code. did 2x 500s from payroll DD. Expected bonus “By 5/31” but nothing yet.
I was in the same boat, called them last week and they told me everything i Ok but the bonus didn’t go through for some reason. They had to manually push it through and I git it finally yesterday. They must have some kind of glitch going on. Call them and they will process it manually.
I finally received my bonus on June 2. I also called though on June 1 to find out why I hadn’t received the bonus. I was told I had met the qualifications and they would look into it. Not sure if the call helped.
did you get it?
I opened mine on dec 24th and did my deposit in jan will i get the bonus cause i havent yet
If you did your deposit in January, you should expect to get it by May 31 according the the bonus chart in the post.
Hello. Can someone please confirm if ebay direct payments aka EDI payments (which are electronic transfers from ebay directly to your Capital One 360 checking account), count as ACH deposits that triggers the bonus? ebay is in the process of phasing out PayPal as their payment processor, so transferring from PayPal in no longer an option.
Prior to opening this Cap One 360 account, I had ebay linked to my Chase Checking account, and the EDI payments would show as “ACH Credit” deposits on Chase bank statements. However, after setting up my Cap One 360 as the transfer to bank, the Cap One bank statements categorize these deposits as “transfers.” So that’s why I am asking if they are still considered ACH transfers that will count towards getting the bonus, or not?
Hi Al, I don’t think we have enough data points for eBay payments (EDI). When did you make the deposits for the Capital One bonus?
I’ve had $260 deposited 4 times in the 60 day period.
Will that work 🙂 ? Or I have to wait till May to find out 🙁
I got it on 3/18
Hi! I’m curious if anyone knows if getting your tax return by direct deposit would trigger the direct deposit promotion for the CapitalOne 360 checking?
Under “terms and conditions“ it says: “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.”
So, any ACH deposit qualifies for the bonus.
So I can deposit $1,000 into E*Trade and make 2 deposits of $500 in my capital one 360 account and that will qualify for the bonus?
Correct, that will qualify based on the history we’ve seen on what works and what doesn’t when it comes to direct deposits.
How lenient are they if you made a ach deposit past the 60 days due to covid?
I doubt they’ll extend the terms of the bonus, but it doesn’t hurt to call and try.
I already open capital one 360. How can I check if my account applied promotion for $400 bonus. I just want to make sure.
Did you enter the code during the application process? You can call Capital One to verify.
Thien, after reviewing your account, I see that you didn’t apply for the promotion
Don’t pretend to be a Capital One rep. She only provided her first name which makes it highly doubtful you could have looked her up. Secondly and most importantly, your IP address originates from the Avis Budget company, not Capital One.
Does depositing a check qualify for the bonus 400?
No, it has to be a direct deposit or the other methods mentioned in the post.
What about Venmo or zelle?
Hi, can it be more than 2 direct deposits that add up to 1,000? I get paid weekly from fedex. 4 times a month
Yes, it can be more than 2 direct deposits. It has to be at least 2, but there’s no limit in the amount of deposits within the 60-day time window after account opening.
Okay, thanks so much!
Hi, If I already have the direct deposits for $1000. Do I still have to have direct deposits until I receive bonus? I would like to change my job direct deposit but have not received bonus yet. thanks
Laura – you don’t need to. Once you have at least 2 direct deposits for $1,000 you should be all set.
Other banks are so much faster in depositing bonuses to accounts. I don’t understand why Cap1 takes so long
Capital One is on the slower end of things. I find all banks to be a little bit slow (except for the Chase savings portion of their bonuses). What are ones are you doing, Kaylk?
Hi, I’m kinda of confused on the wording. Is the 26th the last day to qualify for the bonus 400 or does it expire right on the 26th? Due to verification purposes, my account won’t be created until the 26th. Thank you 🙂
You have 60 days after opening the account to complete the direct deposits. You’re fine if you opened the account by the 26th 🙂
If we made our account before the 1/26/21, but both of our deposit is on the 26th or after, will we still qualify for the bonus 400? Thanks
Yes, you have 60 days after account opening to make your qualifying deposits.
Appreciate the clarification!
I haven’t been able to find an exact answer to this question. How can I replicate a “direct paycheck deposit” from my employer? I don’t want to change which account receives my direct deposit, and would much rather just transfer funds into my new 360 account. Any clear guidance in this regard would be most appreciated. Sorry I didn’t read through all of the comments close enough. If I initiate a regular funds transfer from my Schwab account, that will trigger it?
How long does it take to receive the bonus? Does it really take few months as above table suggests?
Yes, the bonus posts per the table. Most bank bonuses will make sure you’ve completed the qualifying activities and then post the bonuses in the stated timeframe.
Would making one deposit of the $1,000 work for this or would you HAVE to use two direct deposit?
It has to be at least 2 direct deposits. If you only make 1, you won’t get the bonus.
Thank you for the quick feedback and curse my personality.
Even worse. In trying to find a bonus button after setting up a 360, I was prompted to reenter all my info. Then found the button. Clicked. Was denied. And now I have 2 worthless accounts. Cap 1 is impossible to communicate with.
Does this include unemployment direct deposits for the bonus
Yes, Direct Deposits from Unemployment counts.
Will I be able to keep my traditional DD with 5th/3rd and sign up for the 360 account and have $500 go into it each pay?
Absolutely. Any traditional direct deposit would work and you can apportion $500 to go into your Capital One 360 account to get the bonus.
Opened account 1/15 through the link but did not find anywhere to enter the bonus code. Called 1/16 to ask if the code was applied and they said it was not, and I would have to call back after 4/14 in order to retroactively apply the code. They could not do it right now. Somehow doubt this will work out.
Hey Phil. They did a really poor job of showing where to put the promo code. Refer to my response to Danny on 11/25/20. There’s a link next to where you entered your banking information.
Capital One should give you the bonus. They can see the link you’ve applied from. I would send them an electronic message from your online account and mentioned you applied via the promo code link, but couldn’t find a place to enter it (promo code “BONUS400”).
Please keep us updated.
Does a traditional Employer direct deposit work for the bonus or does it have to come from those specific banks?
It can be a traditional employer direct deposit. That’s usually what most people do. I listed other alternatives just in case people want to explore other options.
Hi, Do you need to keep the $1000 in the account in order to qualify for the bonus? Like can i withdraw it before the bonus pay date?
The terms and conditions doesn’t require the amount to stay in the account. You can withdraw it after it’s settled.
So you’re saying if I go into ally and transfer money into capital one this would qualify as “direct deposit” and trigger the bonus reward?
I signed up for this offer today, but never got an option to enter the bonus code… I received an email that they are going to contact me in 2 days to continue the process…
Also, do you know if it’s 2 direct deposits of $1000 each, or a total of $1000 on 2 separate direct deposits?
The bonus code is on the page where you enter your bank information. There’s a link you need to click on to get the bonus code field to open. Capital One did a poor job in designing the application process. You can mention the code when they call you and they’ll manually put it into your account.
For the 2 direct deposits, it’s a total of $1,000 (deposit #1 and #2 must total $1,000 or more when added together).
So is this confirmed or is it your own interpretation? Because legally it can be read as either.
It’s confirmed – I did it on my end where I had 2 different direct deposits of $500 each.
Thank you for clarifying that, I had the same question. They’re quite ambiguous with their description of the deposit amounts.
I was curious whether you received a confirmation email from Capital 1 after your two deposits were made that you qualified for the bonus, or did you have to wait months for them to pay the bonus until you actually knew the deposits had qualified? Great site, btw! Thanks
Hey Mike – I never got a confirmation email. The bonus showed up a couple of months later. You’ll find that other bank bonuses are similar.
Thank you for the compliments on the site!
Hey just wanted to let yall know the direct link goes to 360 Savings which is not the checking account in the article so keep that in mind. You won’t get money for it because its the wrong account
Thanks for noticing that, I had an old link I forgot to replace. It’s been fixed!
Checking out the capital one checking bonus – It is my understanding from your direct deposit blog that Cap1 doesn’t recognize Bank of America as an acceptable bank to get deposits from in relation to qualifying for the bonus? I just want to confirm whether or not I can use a BOA or even a citizens account to make ACH deposits from (push transfers) in order to qualify for the Cap1 checking bonus.
The banks listed under Capital One 360 are ones that’s been verified to work as a direct deposit (push transfers). There are no reports in my circle on whether or not Bank of America or Citizens would work.
Want to be our guinea pig? 🙂
Sure. I have deposited via Citizens. I wont know until April about the bonus though.
Do you know if PayPal will trigger the bonus for Capital One 360 accounts? It shows up as an EFT (Electronic Funds Transfer) when I did it…..does that count as an ACH?
Hi Oz – welcome to this site! I actually ran across your blog a while back (someone mentioned it on a thread I was participating in over at Flyertalk).
To answer your question, I haven’t heard of PayPal working or not working for Capital One 360. Anything that has ACH coded as part of the description has worked in the past. The transfers that have been verified to trigger the bonus are from these banks:
I updated this post to include this info.
Can you tell me if PNC transfers work on Capital One checking? I’m waiting on my $400 bonus which I signed up for on the very last day 1/26. I’ve done suçcesfully for other bank offers from PNC. Shows up as a p2p on 360 yet an ACH webxfer on PNC. How long should I wait?