Capital One 360 is again offering a $300 bonus when you open a new checking account and receive two direct deposits of $500 or more within 75 days of account opening. That’s quite an easy bonus to hit, and at $500 for those playing in two-player mode, it becomes even more attractive. This bonus is available nationwide.
The Deal
- Capital One is offering a $300 bonus when you open a new 360 Checking account with bonus code OFFER300 and receive two direct deposits of $500 or more within 75 days of account opening
- Direct link to this deal
Key Terms
- To earn the bonus, you must:
- Open a 360 Checking account on or after Nov 13, 2024 using promotional code OFFER300.
- Set up and receive at least 2 Qualifying Direct Deposits each of $500 or more to your 360 Checking account within 75 days of account opening.
- Capital One will deposit the bonus into your account after the first two requirements listed above are completed. See below for when the bonus will be posted.
- You have 75 days to complete the requirements above. After the first 75 days from account opening, your status to receive the bonus will be assessed and processed, which can take up to 60 days. This means that if all requirements are met, you can expect your bonus to be deposited into your account within 135 days from account opening.
- If you have or had an open 360 Checking, Simply Checking, or Total Control Checking account as a primary or secondary account holder with Capital One on or after January 1, 2024, you will be ineligible for the bonus.
Quick Thoughts
This is a very easy bonus to earn on a checking account. While the terms require two direct deposits of $500 or more and state that ACH transfers will not count, data points show that the direct deposit requirements can be easy to meet through a variety of activities.
Nick has had a Capital One 360 account for many years and has frequently used it to meet direct deposit requirements at other banks, as ACH pushes from his 360 Checking account almost always trigger those requirements. The 360 Checking account has no fees or account minimums, so it has been very easy to keep the account open over the years.
Speaking of keeping the account, there’s no early termination fee if you meet the promo terms, earn the bonus, and then decide you no longer want to keep the account. On the flip side, if you have or had an open 360 Checking, Simply Checking, or Total Control Checking account as a primary or secondary account holder with Capital One on or after January 1, 2025, you will be ineligible for the bonus.
Overall, this bonus looks like easy money. We like checking account bonuses with low requirements and often look at them in terms of the total being doubled, since if you’re in 2-player mode.
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Hi. Does Zelle transfer count? I never do these DD transfers because I don’t know what the receiving bank accepts. Can you provide an example? Thanks.
If I did this two years ago and still have the Capital One 360 checking account open can I do it again or will it not allow me because I have an already existing account?
I see you posted it in the details above that I’m not eligible!