“What’s in your wallet?”
If you don’t yet have a Capital One 360 bank account, there might be a way for you to get one put a few extra dollars in your pocket. I’ve been a customer of Capital One back when they acquired ING Direct way back in 2011.
I’ve generally had a good experience with them. The transfers are fast, the app is useful, and there haven’t been any notable problems to speak of.
If you’re not familiar with them, 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.
At this moment, they have a Capital One checking account bonus available.
💵 U.S. Bank – up to $700
Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
Let’s see how you can get this Capital One 360 bonus:
Table of Contents
🔃 Updated April 2024 – the Capital One 360 checking account bonus offer has been updated. This offer is slightly worse than what was available last year. Last year, they paid out $350 for the same terms. Now, the offer is only $250 – but if you haven’t opened an account with them and want one, $250 is better than zero!
Capital One 360 Checking Account – $250
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, 2022, you are ineligible.
- Where to open: Online
- Promotion code: REWARD250
- 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 $500 or more within 75 days of account opening
- When does it expire: at an unknown date, they did not list one
This latest bonus for a Capital One 360 Checking account is super simple.
Just open a Capital One 360 checking account by at an unknown date, they did not list one and then receive 2 direct deposits each of $500 or more within 75 days of account opening.
The page will populate the promo code automatically but the promo code is REWARD250 on this offer in case it doesn’t happen.
Valid for new 360 Checking account customers. If you had a 360 Checking account with Capital One on or after January 1, 2022, you are ineligible.That’s it!
There is, unfortunately, no bonus for the 360 Performance Savings account, just the checking.
(Offer expires at an unknown date, they did not list one)
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.
In October 2023, 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:
I’ve had several people report that they were able to get the bonus to trigger by using a transfer from Fidelity or another brokerage.
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
- For the promotion bonus period ending November 1, 2023 – the code was BONUS350 (again)
- For the latest promotion bonus period (with no known expiration date) – the code was REWARD250
Capital One 360 Performance Savings Account – up to $1,500
Editor’s Note: As of January 10th, 2024, Capital One is no longer offering this new savings account bonus. For other bank bonuses, check out our post on the best bank bonuses and promotions or click here to sign up for our email newsletter and get notified of new bank promotions.
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: BONUS1500
- 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: not listed
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. This is the best Capital One saving account bonus I’ve seen in quite some time.
The promotional page shares a promo code of BONUS1500 so make sure you enter that in if it’s not automatically populated.
This offer is very popular because it’s a bonus that does not require a direct deposit.
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 not listed)
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 $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.
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 4.25% APY, as of 4/11/2024.
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 not listed) or $250 for a Capital One 360 Checking Account (offer expires at an unknown date, they did not list one).
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 REWARD250, for the offer expiring on at an unknown date, they did not list one.
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:
Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.
BMO Relationship Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
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® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more 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!
HSBC Premier Checking – up to $4,000
HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
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.
Diane says
I just called Capital One. They said the bonus is only for new account holders. Existing 360 Savings account holders are not eligible, even if they transfer in new money from a different account.
Shana says
The promo code is added when transferring the money.
The Math Guy says
I just called and talked to a lady at Cap1(she actually spoke English, which was an added bonus). She said this bonus requirement is specific to a Capital One 360 CHECKING account. I have a 360 Performance Savings account and she insisted that I was eligible for the $400 bonus since I have never had an open CHECKING account with Capital One. So ever who you spoke to apparently told you wrong.
Sergio says
Does the promo code get entered automatically for the Capital One 360 checking?
Opened it today and through the process I didn’t see a code entered or got requested for one at any point.
I know some do when you click the direct link.
Ayoub says
Hello,
I just opened a capital one 360 saving account. However, i couldn’t find where i can add the promo code SCORE500
Is there any way i still can added it after i already opened an account??
Thank you
I don’t know if you can but contact customer service and let them know, maybe they can add it to your account.
Ken says
Definitely call, I called right after I opened my account and didn’t see where to enter the promo code! Then I read the fine print and saw that it could take 90 days to get the bonus. Then I forgot about it. After 11 months I saw the offer in my files and knew that I upheld the requirements so I called back. It was just 10K so a $200 bonus and it just got deposited into my account. Cha Ching!! CAll! 10/25 2020.
Nice!
Stephen Pierson says
I started a 360 account a couple of months ago and thought I transferred funds to the account, but the funds never got transferred & capital one closed the account. Since the funds were never transferred, am I still eligible for the $500 bonus if I try it again & do a better job of following up to ensure the funds are truly transferred this time?
This is a tricky scenario – I would call and ask.
Mike M says
5/21/20
Hey Jim.
Great site – good info. Thanks.
Father of 3…..that has to be a handful with the Covid isolation circumstance. Good luck to you 🍷
So I opened the 360 on 5/16/20 the rate was 1.50% (I notice it dropped to 1.30% when I blinked). Anywho, I have a Cap1 Visa card thus a Cap1 app.
I opened the app and proceeded to open the 360 savings account. All went well until I realized there was no opportunity to add Promo Code SCORE500. Called Cap1 (several transfers). Finally spoke with an agent.
« We’re sorry sir. I do see that you opened the 360 Performance Savings account. However, I do not see your bonus. Did you enter a promo code? »
Long story longer. I was essentially told ok to give us your money. The Bonus however, will be submitted for approval in October when a decision will be made at that time to apply the bonus ».
Appealed to a Supervisor. Ditto story – just about verbatim from the agent.
I was prepared to transfer 50K. Set up the test deposits from my Amex account.
After that unpleasant exchange with Cap1. My interest (pun intended) has diminished.
Jim, for a 50K deposit what would the effective interest rate have been this first year had I pleasantly been offered the Bonus $500 on my 50K deposit?
Having graduated CM I appreciate your calculation. I did have.a 4.3 though mine was yards per carry 😉
Best
Mike M
Hey Mike – Aren’t you going to get the $500 as long as you meet the requirements? Or did they mean you still needed to be approved after you did everything?
As for the interest rate, c’mon Mike – I’m not going to calculate that for you! I was a Computer Science major, not a math major! 🙂
Larry says
Interest rate? If you don’t have to be precise it’s simple.
500 return on 50000 for 3 months (actually 90 days, but close enough).
500/50000 = 1%
1% x 4 for simple annualized APR = 4%. Add in the interest paid along the way and the APR is between about 4.5% and 5%. Of course the APR drops quickly after the end of the 90-day period; the current savings rate is 0.65%
Harry Zudak says
It is not clear to me how to transfer the dollars from my bank to capital one performance 360. I have been approved and have an account number but when I tried to put it into my bill pay it was asking for a billing address and information not needed. What do I need to do Also I wanted this to be a joint account and neglected to complete that area.
Hi Harry – you don’t use billpay to transfer funds, you can do an ACH transfer. Just log into your account and look for a “Transfer Money” button at the top when you look at your account details.
Aly W says
Does the 90 day count starts when you make a deposit or the next day after the first 10 day deposit window? I made a 10K deposit 3/10 same day I opened the account, do I need to keep the money to earn the bonus until June 8 or June 18?
The way I read it is that you need to wait until 90 days after the 10 day deposit window.
Mary Howard says
I deposited 50k within the period and read all disclaimers. When I called to ask when will the bonus be posted, the lady said that, I am sorry Ma’am You had an account with us in 2017 so you are not able to get it because you had a previous account with us. It has been 3 years that I have closed that account. Can you pleas confirm that this is true? Thanks!
Hi Mary – I’m afraid I have to defer to what the representative said because I don’t have the original terms anymore.
Meena Patel says
I opened 360 performance account and transferred 50,000. Am i eligible to get $ 500 bonus. I did not enter the coupon code.
You have to contact Capital One to find out.
Eagan Lee says
I opened the 360 checking and am waiting on our debit cards. I won’t have any problem spending 500 within 90 days, but wondering if buying gift cards at grocery or discount stores would contribute or rather be allowed to get me to 1500. I’m donating some at Christmas to local families in need and could also save some for myself for groceries after 90 day period. It’s a purchase and not an ACH so should count, right?
I would expect them to be coded as purchases and should qualify towards the amount.
Dean says
Do the direct deposits have to be from an employer, or would them accept two ACH transfers from another bank?
Generally, the direct deposits have to be payroll or government benefits.
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
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.
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?
Can’t you look at your statements and find the first one? Or do you need a specific date? If it’s a specific date, perhaps you can call the bank to find out.
Jason says
I need the date I opened the account. I didn’t make my deposits until much later, that’s why I’m trying to see if my deposits were received before the 60 days
Gotcha, for that I’d call them to ask then.
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.
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.