Capital One 360 New Account Bonus: Up to $250 Cash for Checking Account

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 an account and want to know if they have any bonus offers – you’re in the right place.

They offer up to $250 cash bonus for opening a 360 Checking account and up to $450 for a Capital One 360 Performance Savings Account.

They also have a few credit card offers, which we share below!

💰 Get up to $2000 from a Citi Priority Account Today!

Citi Priority is offering up to $2000 when you open a Citi Priority Account by 1/9/2023.

Then, within 20 days of opening your account, deposit New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus is based on the amount you transfer.

This is a limited time offer so don’t wait!

Learn more about this offer

👉 Don’t have nearly that much cash? Consider this easy $150 or $200 bonus offer from Discover Bank instead!

👉 Bank of America’s $100 Bonus Offer is very popular too!

Let’s see how you can get this Capital One 360 bonus:

Table of Contents
  1. How to get $250 for a Capital One 360 Checking Account
    1. Previous Capital One 360 Checking Promotion Codes
  2. How to get up to $450 for a Capital One 360 Performance Savings Account
  3. About Capital One 360
    1. What To Watch For
    2. Frequently Asked Questions
  4. Capital One Quicksilver Cash Rewards Credit Card – $200 Cash Back
  5. How Does This Bonus Compare?

How to get $250 for a Capital One 360 Checking Account

Capital One 360 $250 Checking Account Bonus Summary

  • What you get: $250 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, 2019, you are ineligible.
  • Where to open: Online
  • Promotion code: BONUS250
  • 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: 6/21/2022

Editor’s Note: As of June 21st, 2022, this bonus offer is no longer available. 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 6/21/2022 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 BONUS250 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, 2019, you are ineligible.

That’s it!

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.

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

How to get up to $450 for a Capital One 360 Performance Savings Account

Capital One 360 up to $450 Performance Savings Account Summary

  • What you get: up to $450 cash bonus
  • Who qualifies: Anyone who has NOT had a 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, 2019
  • Where to open: Online
  • Promotion code: SAVE22
  • How to get it:
    • Open a Capital One 360 Performance Savings Account,
    • Make a minimum opening deposit of $1 to fund your account,
    • Next, deposit at least $10,000 in new funds into the account
  • When does it expire: 6/29/2022

Capital One recently brought back their Performance Savings bonus and it just requires you to open an account and deposit at least $10,000 in new funds into the account. The promotional page shares a code of SAVE22 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 $150 bonus when you deposit $20,000 or more,
  • Earn a $450 bonus when you deposit $50,000 or more.

Anyone who has NOT had a 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, 2019.

Learn more about the offer
(Offer expires 6/29/2022)

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.

Capital One 360 is FDIC insured as Capital One Bank USA (FDIC #33954) and if you want a deeper dive into the bank’s offering – our Capital One 360 review does a good job outlining it all.

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 2.15% APY, as of September 2022.

Frequently Asked Questions

How do I get $400 from Capital One 360?

There is no active $400 promotion right now, the best you can do is up to $450 for a Capital One 360 Performance Savings Account (offer expires 6/29/2022) or $250 for a Capital One 360 Checking Account (offer expires 6/21/2022).

Is there a difference between Capital One and Capital One 360?

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.

What kind of account is Capital One 360?

It’s a name of a category of accounts so they have checking, savings, and certificates of deposit.

What is the Promo Code for Capital One 360 checking?

The current bonus promotion code is BONUS250, for the offer expiring on 6/21/2022.

Capital One Quicksilver Cash Rewards Credit Card – $200 Cash Back

Capital One Quicksilver Cash Rewards Credit CardThe 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.

Learn more about the Capital One Quicksilver Cash Rewards Card

This is just one of the many great Capital One credit card bonuses.

How Does This Bonus Compare?

It was a pretty solid offer because a bonus of $250 for just is great.

Here are how a few other banks compare:

⭐Citi Priority Account – up to $2000

Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2023. 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.

👉 Click here to learn more

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 WH922 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.

👉 Click here to learn more

Bank of America – $100 Bonus Offer

Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $200

Chase Bank will give you $200 when you open a Total Checking account and set up 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!

👉 Click here to learn more

Huntington Bank – up to $300

If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.

👉 Click here to learn more

Learn more about the Wells Fargo offer

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.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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Comments

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  1. Matt says

    When reading bonus promotions for direct deposits I’m unclear on the amounts. Looking at the capital one 360 $400 bonus. 2 direct deposits totaling $1,000 or more. Is it $1000 per deposit or $1000 total?

    Thanks

    • Jim Wang says

      The terms say “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.”

      I read that to mean $1,000 total (or more) between the two direct deposits.

  2. Jason says

    Opened a checking account a while back and can’t remember the exact day, so not sure if I got my deposits in quick enough. Anyway I can go in and see when my account was activated?

  3. Nick says

    Love this site/info btw! Thx Jim!!!

    One suggestion to help narrow down the offers by State…

    Can you provide a way to enter our state for bank bonus offers by states? I’m in California and a lot of these offers are state specific. It would be great if we could enter our state or select from a drop down menu and it gives us all the bank offers that apply to our state.

    • Jim Wang says

      Great suggestion, I’ll look into what’s involved in doing something like that but it’s not something we will be able to implement very quickly. Right now we list the state restrictions whenever we know about them.

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