Chase Total Checking®

Capital One 360: Up to $450 Bonus When Adding Money

Capital One 360 existing customers are being targeted for a bonus up to $450! Get either $150 for adding $20,000 or $450 when adding $50,000 to your account. Details below!

For more current bank offers, see our bank bonuses page. The most popular offers are from Chase BankSoFi, and Fifth Third Bank.

Ninja Update 8/14/22: The required time has elapsed – it’s now safe to withdraw your deposited money. Based on past Capital One 360 deposit offers, we’ll see the bonus in our accounts in a few weeks.

This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Capital One 360 Existing Customer Offer

Capital One has sent out emails promoting this offer to customers with an existing Capital One 360 Performance Savings account. Existing customers can get either of the following:

  • Get a $450 bonus when you deposit $50,000 or more of new money by May 13, 2022 and maintain the balance in the account until 11:59 p.m. ET, August 11, 2022.
  • Get a $150 bonus when you deposit $20,000–$49,999.99 of new money by May 13, 2022 and maintain the balance in the account until 11:59 p.m. ET, August 11, 2022.

The offer appears targeted. Check your email inbox (and spam mail) to see if you received a message from Capital One. Here’s the copy of the email:

⏰ Time’s almost up to earn up to a $450 bonus🎁

You’ve been a great customer. So we’re saying thanks by offering up to $450 for adding money to your 360 Savings account. As always, your dollars are safely FDIC insured up to the allowable limits.

But the offer is only available for a limited time. We’ll tell you how to earn it—but how to spend it? We’ll leave that to you. Here’s how it works:

😉👉 If you’ve already made your deposit, you’re on step #2.

  1. Earn a $150 bonus when you deposit $20,000 or more, or a $450 bonus when you deposit $50,000 or more, of new money from an external account into your 360 Savings account ending in 4979 by May 13, 2022.
  2. Keep your deposit in your account until at least August 12, 2022.
  3. Once you get your bonus, you decide what to do with it!”

And here’s the landing page of the offer.

Capital One 360 existing customer bonus up to $450
(Image from Capital One)

Terms & Conditions

  • This bonus offer is meant only for the original recipient. Those who are not the original recipient will not receive a bonus offer.
  • Increase your current balance by depositing $20,000 or more of new money from an external bank account into your 360 Money Market account mentioned by the last 4 digits of the account number in the communication you received by May 14, 2022, and 11:59 p.m. ET on 30, 2020. Transfers between Capital One accounts will not qualify. Any portion of your 360 Money Market account balance, including new deposits, that has been withdrawn and redeposited back into that account will also not qualify. The amount of your bonus will be determined as follows:
    • $150 bonus – The money you deposited from an external bank was between $20,000 and $49,999.99 (Lower Tier), and you maintain the balance in the account until 11:59 p.m ET, August 11, 2022.
  • • $450 bonus – The money you deposited from an external bank was $50,000 or more (Higher Tier), and you maintain the balance in the account until 11:59 p.m ET, August 11, 2022.
  • If your balance drops to the Lower Tier at any point between 12:00 a.m. ET on May 14, 2022, and 11:59 p.m. on August 11, 2022, you’ll earn the Lower Tier bonus. If your deposited balance drops below the Lower Tier, you will not qualify for a cash bonus. If you make additional deposits after May 13, 2022 to reach the Higher Tier, you’ll only be eligible for the Lower Tier bonus.
  • This offer cannot be combined with any other Capital One offers. The bonus is only valid for one account.

The Bottom Line

This is a pretty good offer for existing customers. It works out to a 4.20% annualized return over the required three-month holding period when you factor in both the deposit bonus and the current 0.60% APY offered on the account..

Remember, even though everyone can see the promotion through the link I provided, only those who received the promotional email will get the bonus.

I’m giving this two thumbs up for for existing Capital One 360 Performance Savings customers. They have a similar new customer sign up bonus (expired), but this is one of the rare occasions that existing customers get a bonus for depositing more money into their account.

Looking for more bank bonuses? Check out the list of the best bank sign-up offers for new customers.

17 thoughts on “Capital One 360: Up to $450 Bonus When Adding Money”

  1. Speaking from the working class perspective, I would Just Say No to all these bonus come-ons because the Fed promises higher interest rates all throughout 2022 and into 2023. The banking industry aim is to tie up the workers money with these chintzy bonuses. The aim is to tie up the working class money right now to avoid paying higher interest on CDs and savings accounts that is sure to come this summer and fall.
    The fine print will surely loophole many of these early birds out if their so called “bonuses”.

    • I don’t agree. This only locks your money for 3 months. If higher interest rates come, you can just move the money out to a better place afterwards.

  2. I have 2 CCs from Capitalone and the performance 360 savings account. I got an email that actually looks scammy. It has an alarm clock header (red flag #1);telling me i need to :hurry: (red flag #2)
    The email is in reference to the Cap1 bonuses for NEW accounts. The bomuses are to attract and to target NEW customers. None of these offers pertain to me as an existing account holder, yet i get an email soliciting deposits. They didnt state it is for checking accounts not my savings account. They wont be giving me a bonus therefore C1 gets free money out of me.
    I learned all this from another website calls himself the “doctor of credit” who explicitly states that existing account holders are not eligible for this promotion.
    I actually took the bait. My money is doing a round trip from Quontic Bank to C1 and back.

    • This is an offer for existing customers of 360 Savings. You’re confusing different promotions as there’s a different offer for new users of 360 Savings and yet another one for 360 Checking.

  3. The only thing is, the offer pertaining to an existing savings account does not appear anywhere on their site.

      • Thank you. There is another site that gives the fine print that shows me that accounts from made from January 2019 onward are not eligible for the captioned bonus. The “targeted” group is newcomers to C1 checking accounts. Savings account gets lip service, in a flippant manner.
        At any rate, we are going to see a lot of these banks hustling up liquid cash to tie up money because they know that interest rates are climbing and will climb into 2023. By any means they will want all the liquid $$$ tied up under tough conditions to avoid the unprecedented rates of interest on the horizon. As we used to say, ” you ain’t seen nothing yet”. The FOMC dictates .75 bp hikes. Watching Jerome Powell is like taking the pulse of interest rates.

        • Though i am sure you are going to see rising CD & savings account rates in the near future, I doubt you are going to find any CD’s or accounts paying 4.20% over the next 3 months, which is what this offer is paying out to existing 360 savings account holders that receive the promotional email. This offer is only for those who receive the email offer. After 3 months, you can pull the money out & invest in a high yield CD if there are some available. I just seriously doubt that a 3 month investment at 4.20% is going hurt any future investments. Its the best rates i’ve seen in MANY years, even if its only for 3 months.

  4. It actually figures out to around 4.20%, because you also get .60% interest per month along with getting the $450 at the end of the 3 months

    • I just noticed that the interest rate was bumped from 0.40% to 0.60% recently. Thanks for calling that out – I have edited the post to factor this into the equation.

    • Thats right. They can dream on. No more free money.
      I dont actually g.a.s. there are better deals in the horizon. The fed is upping interest rates throughout 2022. Im in a position where i can hold my horses and wait. These guys are putting the hustle in liquid cash to capture and tie it up knowing better interest days are coming thus avoiding a high number of customers getting a higher rate this summer and fall.

    • When will I get my bonus?

      If you fulfill the offer requirements, Capital One will deposit the bonus into your 360 Savings or 360 Performance Savings account within 60 days following August 12, 2022. If your account is in default, closed, suspended, or otherwise not in good standing, you will not receive the bonus.

  5. My $450 bonus for a $50,000 deposit to my 360 savings account should have been paid on 3/17/2022. As of yet, I have not received any such notification. Please advise. Thank You.
    Leonard Dodge


Leave a Comment