Offer at a glance
- Maximum bonus amount: $350
- Availability: Nationwide
- Direct deposit required: Yes, two direct deposits of $250+
- Additional requirements: Use promo code
- Hard/soft pull: Soft (overdraft protection no longer being offered)
- ChexSystems: Mixed. EWS sensitive according to the comments
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None listed
- Expiration date: October 18, 2023
The Offer
- Capital One is offering a $350 bonus when you open a new 360 checking account and complete the following requirements:
- Using promo code BONUS350
- Set up and receive at least 2 direct deposits each of $250 or more within 75 days of account opening
The Fine Print
- Open a 360 Checking account between 12:00 a.m. ET on August 2, 2023 and 11:59 p.m. ET on October 18, 2023. When you open your account, ensure you enter in the promotional code BONUS350 in the Promo Code box.
- Set up and receive at least 2 qualifying direct deposits each of $250 or more to your 360 Checking account within 75 days of account opening. 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 institution. ACH credits or fund transfers initiated via the Capital One website or mobile app and wires are not considered a Qualifying Direct Deposit.
- Your bonus will be deposited into your account within 60 days after you have completed the requirements above. This 60-day period begins the day after your second Qualifying Direct Deposit has been posted to your account.
- This account is subject to approval. This offer cannot be combined with any other 360 Checking account opening offers. Only one promotional code is accepted per account. Bonus is only valid for one new 360 Checking account. The amount of your bonus will be reported on IRS form 1099-INT to the IRS (and your state revenue authority, if required).
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees to worry about.
Early Account Termination Fee
There is no early account termination fee
Our Verdict
Last year this same bonus was $250. Time before that was $400. Personally I’d just sign up for this offer as I’m not confident we will see something better in the near future. We will add this to our list of the best bank account bonuses.
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