Capital One 360 New Account Bonus: Up to $150 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 $150 cash bonus for opening a 360 Checking account. There are several offers – the top one requires a direct deposit but there are two more, for less money, that only require you to spend a certain amount using the debit card.

Additional terms and conditions apply. See offer page for more details.

Bank of America $100 New Checking Account Bonus Offer

For new checking customers, Bank of America has a $100 cash bonus offer. To qualify, open an account through the promotional page by June 30th, 2021 and set up and receive at least 2 qualifying direct deposits of $250 or more into that account within the first 90 days of opening.

This is a limited time offer!

Learn more about this offer

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

Table of Contents
  1. How to Get $150 for a Capital One 360 Checking Account
  2. How to Get up to $250 for a Capital One 360 Checking Account [EXPIRED]
  3. About Capital One 360
  4. What To Watch For
  5. Capital One Quicksilver Cash Rewards Credit Card – $200
  6. How Does This Bonus Compare?

How to Get $150 for a Capital One 360 Checking Account

This latest bonus for a Capital One 360 Checking account is super simple.

Just open a Capital One 360 checking account by 8/17/2021 and then receive 2 direct deposits totaling $250 or more within 60 days of account opening. If you can’t meet the direct deposit requirement, there are two other offers that are based on spending (but they’re for less money).

The page will populate the promo code automatically but the promo code is BONUS150 on this offer.

That’s it!

There is, unfortunately, no bonus for the 360 Performance Savings account, just the checking.

Learn more about the offer
(Offer expires 8/17/2021)

How to Get up to $250 for a Capital One 360 Checking Account [EXPIRED]

If you don’t have a direct deposit that meets the requirements for the $150 offer, they also have two offers with a spending requirement.

If you think you can spend over $500 on your debit card in the first 90 days, you’ll want to open a 360 Checking account with the promotion code UPTO250.

Spend over $500 on your debit card within the first 90 days and you’ll get $150 into your account.
Spend over $1,500 on your debit card within the first 90 days and you’ll get $250 into your account.

Bonus is deposited 60 days after the 90-day spend period ends.

Learn more about the offer
(Offer expires 1/26/2021)

If you cannot spend more than $500, then the next tier is at $300 in spending. Open a 360 Checking account by January 26, 2021 with the promotion code BANK100.

Then, use your debit card and spend at least $300 within 90 days of opening that account. You’ll get $100 in the account 60 days after your 90-day spend period ends.

These offers are less generous than the one listed above BUT it has no direct deposit requirement.

Learn more about the offer
(Offer expires 1/26/2021)

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 0.40% APY, as of .

Capital One Quicksilver Cash Rewards Credit Card – $200

Capital One Quicksilver Cash Rewards Credit CardThe Capital One Quicksilver Cash Rewards is a credit card that will give you $200 after you spend $500 on purchases within 3 months of opening an account.

You also get 1.5% cashback on every purchase, it’s a solid cash back card with no annual fee.

How Does This Bonus Compare?

It was a pretty solid offer because a bonus of $150 for just is great.

Here are how a few other banks compare:

Wells Fargo – $200

Wells Fargo has a nationwide promotion of $200 for a new checking account when you open a new checking account with at least $25 and receive a total of $2,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening.

You can learn more about the Wells Fargo promotions to see how to get it.

Axos Bank – $100

Axos Bank has a great promotion where you can get $100 when you open a high yield savings account and an Essential Checking account using promotion code GET100. The high yield savings account has a $250 minimum deposit. On the checking account, you have to receive direct deposits totaling $1,000 or more within 60 days.

Click here to see how you can get $100 from Axos Bank.

SoFi Money – $50 – $100

SoFi Money will give you $50 if you open an account and deposit $500. The bonus is small but the requirements are so simple that I had to list it first.

If you are willing to set up a deposit of $500 or more, you can get a bonus of up to $100.

These bonuses are so easy to get. Learn more about SoFi promotions here.

Bank of America – $100

Bank of America offers a $100 cash bonus if you open a new account and set up and receive at least 2 qualifying direct deposits of $250 or more into that account within the first 90 days of opening. It has a monthly fee that is easy to have waived, you can learn more about this offer here.

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.

Other Posts You May Enjoy:

Associated Bank New Account Promotions – up to $500 Bonus

If you live in the Midwest where Associated Bank operates, you could get up to $500 to open an account.

Associated Bank is one of the few that will offer a good initial bonus just for the account and direct deposit but then follow that up with a higher bonus when you deposit more cash. And from a deposit to bonus ratio, it's one of the best offers out there.

About Jim Wang

Jim Wang is a thirty-something father of three 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 a farm in Illinois via AcreTrader.

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About the comments on this site:

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

  1. 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.

    • 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.

  2. 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

    • Jim Wang says

      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.

  3. 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?

  4. 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

    • Jim Wang says

      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%

  5. 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.

    • Jim Wang says

      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.

  6. 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?

  7. 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!

    • Jim Wang says

      Hi Mary – I’m afraid I have to defer to what the representative said because I don’t have the original terms anymore.

  8. 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.

  9. 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?

  10. 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.

  11. 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?

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