Capital One is one of the most recognizable names in the financial world and Capital One 360 is their online banking arm. If you’re thinking about opening a Capital One 360 account and want to know if they have any bonus offers – you’re in the right place because they do.
At this moment, they have a up to $1,500 for a Capital One 360 Performance Savings Account.
(they previously offered a $350 cash bonus for opening a 360 Checking account but that expired)
Let’s see how you can get this Capital One 360 bonus:
Table of Contents
- Capital One 360 Performance Savings Account – up to $1,500
- How to get $350 for a Capital One 360 Checking Account [EXPIRED]
- Capital One Quicksilver Cash Rewards Credit Card – $200 Cash Back
- Capital One Spark Cash Select – $500
- About Capital One 360
- How Does This Bonus Compare?
🔃 Updated November 2023 with details of the new Capital One 360 Performance Savings account bonus. The Checking bonus expired before the publicly listed due date.
Capital One 360 Performance Savings Account – up to $1,500
Capital One 360 up to $1,500 Performance Savings Account Summary
- What you get: up to $1,500 cash bonus
- Who qualifies: If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings 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.
- Where to open: Online
- Promotion code: FALL23
- How to get it:
- Open a Capital One 360 Performance Savings Account,
- Next, deposit at least $20,000 in new funds into the account during the 15-day initial funding period and keep it there for an additional 90 days
- When does it expire: 12/6/2023
Capital One recently brought back their Performance Savings bonus and it just requires you to open an account and deposit at least $20,000 in new funds into the account during the 15-day initial funding period and keep it there for an additional 90 days. The promotional page shares a promo code of FALL23 so make sure you enter that in if it’s not automatically populated.This bonus is tiered based on how much you transfer into your account within 15 days (from an external account):
- Earn a $300 bonus when you deposit $20,000 - $49,999,
- Earn a $750 bonus when you deposit $50,000 - $99,999,
- Earn a $1,500 bonus when you deposit $100,000 or more.
If you have or had an open 360 Performance Savings, 360 Savings, 360 Money Market, Savings Now or Confidence Savings 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..
Learn more about the offer
(Offer expires 12/6/2023)
How to get $350 for a Capital One 360 Checking Account [EXPIRED]
Capital One 360 $350 Checking Account Bonus Summary
- What you get: $350 cash bonus
- Who qualifies: Valid for new 360 Checking account customers. If you had a 360 Checking account with Capital One on or after January 1, 2021, you are ineligible.
- Where to open: Online
- Promotion code: BONUS350
- How to get it:
- Open a Capital One 360 Checking account,
- Make a minimum opening deposit of $1 to fund your account,
- Next, receive 2 direct deposits each of $250 or more within 75 days of account opening
- When does it expire: 1/9/2024
Editor’s Note: As of November 2nd, 2023, this bonus offer is no longer available despite the expiration date being set in 2024. Capital One ended this offer early. We will update this post whenever this offer returns – until then, our post on the best bank bonuses and promotions has other offers that might interest you or click here to sign up for our email newsletter and get notified of new bank promotions.
This latest bonus for a Capital One 360 Checking account is super simple.
Just open a Capital One 360 checking account by 1/9/2024 and then receive 2 direct deposits each of $250 or more within 75 days of account opening.
The page will populate the promo code automatically but the promo code is BONUS350 on this offer.Valid for new 360 Checking account customers. If you had a 360 Checking account with Capital One on or after January 1, 2021, you are ineligible.
(Offer expires 1/9/2024)
What Counts as a Direct Deposit?
Capital One seems flexible in what they’ll accept as a direct deposit. There are several ways to trigger it and they involve transferring from another account. You must initiate the transfer from the other account though. I was able to do this with my Vanguard brokerage account.
The two transfers were coded as “Transfers” but I still got the bonus a few days later:
Previous Capital One 360 Checking Promotion Codes
Did you try to get a previous Capital One promotion and they are asking you for the code you used? Here are the historical bonus codes we have recorded based on the expiration date of the offer:
- For the promotion bonus period ending January 11th, 2022 – the code was SHARE100
- For the promotion bonus period ending June 21, 2022 – the code was BONUS250
- For the promotion bonus period ending October 18, 2023 – the code was BONUS350
Capital One Quicksilver Cash Rewards Credit Card – $200 Cash Back
The Capital One Quicksilver Cash Rewards is a credit card that will give you $200 Cash Back after you spend $500 on purchases within 3 months from account opening of opening an account.
You also get 1.5% cashback on every purchase, it’s a solid cash back card with no annual fee.
It’s a great card if you want to get a single credit card and not think about cashback reward tiers when you’re at the register.
Capital One Spark Cash Select – $500
This first card is a business card because the offer is just so good. With the Capital One Spark Cash Select, you can earn $500 after you spend $4,500 in the first 3 months from account opening.
The card has an annual fee of $0!
Also, you earn unlimited 1.5% cash back on every purchase.
If you have a business and are looking for a juicy welcome bonus, I have a hard time finding one better than this one (for $0 annual fee).
There are also quite a few Capital One credit card offers you can get – some of them offer several hundred dollars when you reach a spending threshold.
About Capital One 360
It only felt like yesterday that the term “online bank” felt like a novelty. ING Direct was still doing silly ads where people didn’t know how to pronounce “ING” (I still say the individual letters). They were acquired by Capital One in 2011 and turned into Capital One 360 – the bank we’re talking about today.
Just as an aside – even without the bonus, Capital One 360 is a pretty good online bank. They have great rates, practically no fees, and one of the nice features is that you can open separate savings accounts for different savings goals. You can do it all online pretty quickly and each one will have its own account number, so you can set up automatic transfers to help with savings. It’s a good way to do envelope budgeting without actual envelopes.
So it’s a case where you come for the bonus but stay for the bank’s other features.
What To Watch For
You are not eligible for this bonus if you’ve had or had an open 360 checking account (as primary or secondary) on or after January 1, 2018.
Otherwise, no other things to watch out for – the account has no monthly fees, no minimum balance, and no gotchas to speak of. I’ve had an account at Capital One 360 for over ten years (it started as an ING Direct account) and have yet to pay a fee.
Plus it earns an interest rate of 4.30% APY, as of 9/7/2023.
Frequently Asked Questions
There is no active $400 promotion right now, the best you can do is up to $1,500 for a Capital One 360 Performance Savings Account (offer expires 12/6/2023) or $350 for a Capital One 360 Checking Account (offer expires 1/9/2024).
Capital One is the name of the bank and Capital One 360 is the name of a category of deposit accounts (checking and savings) that they offer.
It’s a name of a category of accounts so they have checking, savings, and certificates of deposit.
The current bonus promotion code is BONUS350, for the offer expiring on 1/9/2024.
How Does This Bonus Compare?
It was a pretty solid offer because a bonus of $350 for just is great.
Here are how a few other banks compare:
⭐ BMO Smart Advantage Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Smart Advantage Checking and when you have a total of $4,000 or more in qualifying direct deposits within the first 120 days. It is a very straightforward offer that is available nationwide.
⭐Citi Priority Account – up to $2000
Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2024. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH923 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Bank of America – $200 Bonus Offer
Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up and receive a direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
As you can see, this Capital One 360 bonus account is easier because it requires a relatively small direct deposit. Not all offers are this simple, review our guide on bank account bonuses to see what other banks typically require as a comparison.