$400 checking account bonus with Capital One 360 (targeted)

Capital One is offering a $400 bonus when you open a new 360 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 $800 for those playing in two-player mode, it becomes even more attractive.

Unlike most Capital One 360 bonuses, this one appears to be targeted only to current Capital One customers. However, it sounds like most folks who have some sort of Capital One product are targeted when they log in to their account. Both my wife and I are.

The Deal

• Capital One is offering a $400 bonus when you open a new 360 Checking account with bonus code GET400 and receive two direct deposits of $500 or more within 75 days of account opening
  • The offer seems to be widely targeted to existing Capital One customers
• Direct link to this deal

Key Terms

• Offers may vary. This offer is non transferable. Capital One reserves the right to end or change the terms of this offer at any time prior to you accepting the offer, with or without notice. Changing the terms of this offer could result in a change to any of the offer requirements such as, but not limited to, the required deposit amounts, qualified external deposit sources, the bonus amounts or expiration date. Please note that once your account is opened with a promotional code, the terms of the offer will not change without our prior notice.
• This offer is exclusive for existing Account Owners, Authorized Users or Account Managers of an eligible consumer Capital One product and is subject to eligibility. Customers must be currently enrolled in online banking to verify eligibility. 
• Eligible consumer products include: Consumer Bank Savings Products, Capital One Auto Finance Loan Accounts, Platinum Mastercard, Platinum Preferred, Platinum Rewards, Platinum Secured, Quicksilver Rewards, Quicksilver Secured Rewards, QuicksilverOne Rewards, Savor Rewards, SavorOne Rewards, Venture Rewards, Venture X Rewards, VentureOne Rewards, Kohl’s Rewards Visa, BJ’s One Mastercard, BJ’s One+ Mastercard, BJ’s Business Elite Mastercard and other select legacy credit card products.
• 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 Jan. 1, 2024, you will be ineligible for the bonus. If your account is in default, closed or suspended, or otherwise not in good standing before you receive the bonus, you will not receive the bonus.

Here’s the full scoop on how to earn your $400 bonus:

1. New consumer checking customers open a 360 Checking account by 11:59 p.m. ET on May 19, 2026 using promo code GET400.
2. 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.
3. 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.

• What is a Qualifying Direct Deposit?
  • A Qualifying Direct Deposit is a regular periodic payment, such as salary, pension, government payments (for example, Social Security), or other monthly income that occurs as an automated clearing house (ACH) or real-time payment network credit from your employer or an outside entity not affiliated with Capital One prior to Jan. 1, 2025.

Quick Thoughts

I think that any Capital One customer who uses the link above would qualify for the bonus. However, to be sure, log in to your Capital One account and select the “Open a new account” button in the “Explore other products” section that’s shown below:

Select “Checking and Savings,” then click the button to open a new 360 account. At the top of the application page, you should see this message showing you that the bonus has been applied:

This is a fairly easy bonus to earn on a checking account, especially given the $400 upside. 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.

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, 2024, 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 if you’re in 2-player mode.

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