Reposting this due to all the successful data points in the comments. Goodluck!
Please note this is a targeted offer with the following language: IF YOU DID NOT RECEIVE AN EMAIL OR MAIL PIECE DIRECTLY FROM CAPITAL ONE 360 WITH THE ABOVE CODE, YOU ARE INELIGIBLE FOR THIS BONUS OFFER.
Offer at a glance
- Maximum bonus amount: $400
- Availability: Nationwide, but targeted
- Direct deposit required: Yes, two direct deposits of $250+ each
- Additional requirements: Use promo code PLUS400
- Hard/soft pull: Soft, as long as you opt out of overdraft protection
- ChexSystems: Mixed
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: None
- Household limit: None mentioned
- Expiration date: June 30th, 2017
The Offer
- Open a new Capital One 360 checking account by June 30th, 2017 and receive two direct deposits of $250 or more within 60 days of accepting the terms. You must also use the reference code PLUS400.
- Promo code needs to be added on the funding page
The Fine Print
- IF YOU DID NOT RECEIVE AN EMAIL OR MAIL PIECE DIRECTLY FROM CAPITAL ONE 360 WITH THE ABOVE CODE, YOU ARE INELIGIBLE FOR THIS BONUS OFFER.
- To qualify for the bonus, you must be the primary account holder, and this has to be your first 360 Checking account (this includes former Electric Orange accounts, too).
- Beginning April 3, 2017, to earn the $400 bonus you must accept the terms on a new 360 Checking® Account by June 30, 2017. 11:59 p.m., ET and receive 2 direct deposits of $250 or more within 60 days of accepting terms and conditions for your new account. You will receive the $400 credit to your checking account about 90 days after accepting terms and conditions. This offer cannot be combined with any other Capital One Bank® new account opening offer.
- Direct deposits must be an electronic deposit of one of the following: your paycheck from your employer, Social Security/pension or other government benefits. Direct deposit is subject to employer or other payor options.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
There are no monthly fees on this account and no early account termination fee.
Our Verdict
Ok, so the fine print states that this is a targeted offer but this might not be being enforced (one datapoint here and more via e-mail as well). You can read data points on people getting the bonus when not targeted for a previous $400 offer here as well (and a recent $200 offer). This is really YMMV and remember you won’t be eligible to ever get the bonus again if you sign up for an account. I wish everybody the best if they decide to go for this offer, but I don’t feel comfortable making a recommendation one way or the other. Debate this among yourselves in the comments. As always you can view bonuses we do recommend here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- 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
Edited: nevermind. Saw comments below about the double counted bonus issue.
nvm
Anyone receive a 1099 INT yet from Capital one 360?
Yes, they were sent out this week. But see above about the “double $400” issue and chat in.
I can’t seem to find the online chat feature. Where is it?
Dudes, check your CapOne360 tax form that should be out today on their website or in the very near future for you. My 1099-Int from these guys states my interest as $800 instead of $400 (I only did this one bonus). So that $400 reversal / recrediting that they did in December doubled the interest! Complain immediately so you can get corrected 1099 form and of course the more of us complain the faster hopefully they will correct this
Did you complain, (if, then) what did they say?
Ya, I used their chat service and told them about the prob last nite. After a lengthy wait they said the error was due to an “accounting error that occurred in December” (No duh) and said by Feb there should be a new corrected one on their site
Strange thing happened on three of my dormant C1 accounts. I got a $400 cha-ching deposit today and a negative $400 reversal. Wonder what is happening, were they trying to clawback. This happened on 3 accounts (I am multiplayer). So i alone have 3 DPS for you DOC.
Same here. I noticed the description said something about “1099-INT”. Previous bonus posting said “1099-MISC”. I guess they were trying to issue correct tax forms?
Got the bonus in July. This month (December) saw this:
Cha-Ching! New Account Bonus Reversal DDA – Bonus 1099 MISC No Hold -$400.00
Followed by:
Multiple: Decrease Int Paid (DDA) Decrease Int Paid (DDA) $(various penny amounts)
Cha-Ching! New Account Bonus DDA – Bonus 1099INT No Hold +$400.00
All on the same day. I’m guessing it’s just an accounting thing.
My Bonus was manually posted today, I had called 2 weeks ago and the CSR said to call back after Sept. 24th if the bonus didn’t post. She said my application on June 29th had the promo code on it, she didn’t know why it did not post. Anyway, I called tonight and a different CSR manually posted the Bonus, he also didn’t know why it didn’t automatically post. Perhaps because I opened the account near the end point of the promotion? Who knows? I got the Bonus, Thanks, DoC!
I didn’t receive the bonus on EXP400 bonus (I’m on the West Coast, not in Boston) after completing the direct deposits.
I considered my options (filing complaint with CFPB and/or BBB), and upon starting my complaint with the BBB, I found an email address (complaintescalationsregulatory@capitalone.com) that CapitalOne provided to the BBB in order to address customer complaints without going through the trouble of filing a BBB complaint.
I went ahead and emailed Capital One at that email address, mentioned the promotion code and that I hadn’t received my bonus, and they replied three days later and said that I wasn’t targeted or eligible for the promotion, but that they had gone ahead and credit my account for $400 anyways.
https://imgur.com/gallery/8Vz5n
Obviously this is a YMMV thing – there’s no guarantee that other folks will receive the bonus if they email Capital One like I did, but it couldn’t hurt, and if you’ve almost given up on getting the Capital One 360 bonus, try this before you throw in the towel.
I’ve received a dozen of bonuses so far, but this bonus is somewhat tricky. I got this bonus yesterday. I made several transfers from Discover saving account a month and a half ago, but didn’t get any bonus until few days ago. So I’m pretty sure that P2P or Prearrange from Discover saving account itself (have no idea why they have different memo) doesn’t trigger the Bonus. The only thing I do recently is to make verification transfer from TechCU (P2P in memo) and Paypal (verify bank in memo). Hope this can help other guys.
Not Targeted Out of bonus area. 2 DD’s from Chase Alliant and Fifth 3rd Bank seems like none of them are going to make the bonus post. Past the 60 days mark. Thinking about calling just to see if I can get an extension or even a smaller bonus but I don’t have my hopes up
WOW it ended up posting!!!! I’m estatic but I have no idea if it was Alliant or 5th 3rd
Not targeted.
Opened 06/30.
DD 1 07/28
DD 2 08/11
Bonus 8/16
DDs were from employer.
DP: Live in Kansas. Not targeted. DD twice from Goldman Sachs savings account. Bonus posted days after 2nd DD. Easiest $400 ever.
A huge thank you to the Dr. and everyone who posted DP’s. Without the DP’s, I never would have even thought to try!