Offer at a glance
- Maximum bonus amount: $400
- Availability: Nationwide
- Direct deposit required: Yes, two direct deposits of $500+
- 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: None listed
Contents
The Offer
- Capital One is offering a $400 bonus when you open a new 360 Checking account with code FLASH400 and complete the following requirements:
- Set up and receive at least 2 qualifying deposits each of $500+ within 75 days
The Fine Print
- This is a limited time offer and can be removed at any time at Capital One’s sole discretion. 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 us notifying you in advance. Offers may vary by channel and this offer may not be available to you again if you navigate away from this page.
- 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. 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. No minimum balance is required to be maintained in order to receive this bonus.
- Here’s the full scoop on how to earn your $400 bonus:
- Starting May 4, 2026 at 12:00 a.m. ET, open a 360 Checking account using FLASH400. Account must be opened with the FLASH400 before the offer ends. Offer can end at any time.
- 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.
- 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.
- Wire transfers, ACH credits, and funds transfers initiated using Capital One’s website or mobile app are not considered a Qualifying Direct Deposit.
- When will I get my bonus?
- 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, if all requirements are met, you can expect your bonus to be deposited into your account within 135 days from account opening. To receive your bonus, your account must also be open and in good standing at the time the bonus will be deposited..
- 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
Requirements and lookback period are the same as the $300 bonus, so this is just an extra $100. Shame they updated the lookback period before bringing this offer out as I suspect lots of people signed up for that $300 bonus. This is definitely worth doing though and we will add it to our best bank bonus page.
Hat tip to readers Hiep N & Matthew
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
