Update 10/28/23: End date shortened to October 30, 2023
Update 9/21/23: Extended until Jan 9 2024
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.
If you have or had an open 360 Checking, Simply Checking, Total Control Checking or Money Teen Checking 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.
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.
Useful posts regarding bank bonuses:
A Beginners Guide To Bank Account Bonuses
Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
PSA: Don’t Call The Bank
Introduction To ChexSystems
Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
What Banks & Credit Unions Do/Don’t Pull ChexSystems?
How To Use Our Direct Deposit Page For Bank Bonuses Page
Common Bank Bonus Misconceptions + Why You Should Give Them A Go
How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
Affiliate Links & Bank Bonuses – We Won’t Be Using Them
Complete List Of Ways To Close Bank Accounts At Each Bank
Banks That Allow/Don’t Allow Out Of State Checking Applications
Bank Bonus Posting Times