Capital One 360 $400 Checking Bonus

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.

Capital One 360 checking $400 bonus offer in 3 steps

Where Do I Enroll?

Direct Link

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.

360 Checking $400 bonus landing page image

Related:

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?

Availability: Nationwide
Expiration: 01/26/2021
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:

  1. Open a new 360 Checking account by January 26, 2021 using promo code BONUS400.
  2. Make at least 2 direct deposits totaling $1,000 or more within 60 days of account opening.
  3. 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:

Capital One 360 checking $400 bonus timeline

Avoiding Fees

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:

  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.
  • 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.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Tom
Tom
2 years ago

$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

Tina
Tina
2 years ago

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

leilani
leilani
3 years ago

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

Scott
Scott
3 years ago
Reply to  leilani

Same here. Still waiting.

Scott
Scott
3 years ago
Reply to  Scott

I still have not received my bonus.

Mile
Mile
3 years ago
Reply to  Scott

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.

Juju
Juju
3 years ago
Reply to  Mile

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.

Scott
Scott
3 years ago
Reply to  Scott

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.

Juju
Juju
3 years ago
Reply to  leilani

did you get it?

Brittney
Brittney
3 years ago

I opened mine on dec 24th and did my deposit in jan will i get the bonus cause i havent yet

Al
Al
3 years ago

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?

HD
HD
3 years ago

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 🙁

HD
HD
3 years ago
Reply to  HD

I got it on 3/18
😄👍

Lin
Lin
3 years ago

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?

D Gas
D Gas
3 years ago
Reply to  Lin

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.

Michael Horner
Michael Horner
3 years ago

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?

Makay
Makay
3 years ago

How lenient are they if you made a ach deposit past the 60 days due to covid?

Thien
Thien
3 years ago

I already open capital one 360. How can I check if my account applied promotion for $400 bonus. I just want to make sure.

Capital One Representative
Capital One Representative
3 years ago
Reply to  Thien

Thien, after reviewing your account, I see that you didn’t apply for the promotion

Angelica Mapa
Angelica Mapa
3 years ago

Does depositing a check qualify for the bonus 400?

Lexis Fuller
Lexis Fuller
3 years ago
Reply to  John Pham

What about Venmo or zelle?

Mirna
Mirna
3 years ago

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

Mirna
Mirna
3 years ago
Reply to  John Pham

Okay, thanks so much!

Laura Ramirez
Laura Ramirez
3 years ago

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

Kaylk
Kaylk
3 years ago

Other banks are so much faster in depositing bonuses to accounts. I don’t understand why Cap1 takes so long

Tyler
Tyler
3 years ago

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 🙂

Julian
Julian
3 years ago

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

Julian
Julian
3 years ago
Reply to  John Pham

Appreciate the clarification!

AJ
AJ
3 years ago

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?

Greg
Greg
3 years ago

How long does it take to receive the bonus? Does it really take few months as above table suggests?

Robert
Robert
3 years ago

Would making one deposit of the $1,000 work for this or would you HAVE to use two direct deposit?

Robert
Robert
3 years ago
Reply to  John Pham

Thank you for the quick feedback and curse my personality.

Daniel G Hungerford
Daniel G Hungerford
3 years ago

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.

S
S
3 years ago

Does this include unemployment direct deposits for the bonus

Casey
Casey
3 years ago

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?

Phil
Phil
3 years ago

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.

Trudy L Chestnutt
Trudy L Chestnutt
3 years ago

Does a traditional Employer direct deposit work for the bonus or does it have to come from those specific banks?

Lucy
Lucy
3 years ago

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?