Newest Capital One 360 Promotions, Bonuses, Offers and Coupons: January 2021
You might be familiar with Capital One through its credit cards, but the company has more to offer via its personal banking division. Capital One 360 has physical branches in the District of Columbia, Louisiana, Maryland, New Jersey, New York, Texas and Virginia. It also offers services through online and mobile banking and Capital One Cafes across the country.
Banks want your business, and they’re willing to pay you money just for opening an account. Like other banks, Capital One 360 offers promotions to attract new customers. You may be able to earn hundreds of dollars to boost your savings — a helpful option during the current economic downturn.
360 Checking: $100 to $400 Bonus
Capital One keeps things simple by offering just one 360 Checking account. The Capital One 360 Checking account offers plenty of flexibility with 24/7 mobile banking, over 40,000 fee-free ATMs and overdraft protection. New customers can earn a $100-$400 bonus when they open an account and meet certain requirements. Here’s an overview:
- Cash value: $100-$400
- Expiration date: Jan. 26
- How to get it:
- $100 bonus: Open a new 360 Checking account using the Capital One coupon code BANK100. Spend at least $300, using your Capital One debit card, within 90 days of opening the account.
- Up to $250 bonus: Open a new 360 Checking account using code UPTO250. Using your Capital One debit card, spend over $500 to earn $150 or over $1,500 to earn $250 within the first 90 days of account opening.
- $400 bonus: Open a new 360 Checking account using code BONUS400. Receive at least two direct deposits that total $1,000 or more within 60 days of account opening.
- When you’ll get it:
- $100 bonus: 60 days after your 90-day spend period ends
- Up to $250 bonus: 60 days after your 90-day spend period ends
- $400 bonus: Accounts opened in January will receive the bonus by May 31.
- Terms and conditions: Offers are available for new customers who have not had a Capital One 360 account after Jan. 1, 2018. Accounts are subject to approval.
- Monthly fees: None
- Promotions pages:
Benefits of Banking With Capital One
Capital One 360 offers other ways to save money via additional banking products and features. Those savings make the bank worth consideration. Here’s more.
Capital One 360 checking and savings accounts are mostly fee-free. The bank does not charge customers monthly maintenance fees or require minimum balances. Customers have access to more than 40,000 ATMs, where they can check balances and withdraw cash without paying a fee.
Avoiding these fees over a period of time can save you money. Bank of America charges as much as $25 per month for checking accounts. Chase’s most popular checking account charges $12. PNC charges $7 for its basic checking account. That adds up to as much as $300 per year you can save by banking with Capital One 360.
Saving money isn’t the only way to put extra cash in your pocket. Capital One 360 offers competitive rates above the national average for specific products. For example, Capital One’s 360 Performance Savings account features 0.40% APY — well above the national average of 0.05% — no matter what your balance is.
How To Open a Capital One 360 Account
Signing up for a Capital One 360 account is a fairly simple process. Here’s how to open an account:
1. Decide where you want to open your account.
Capital One 360 offers customers three options for opening accounts. If you’re new to the bank, you can open an account online or in a branch or cafe. Current Capital One 360 customers can open a new account through the mobile app.
2. Choose an account.
Capital One 360 has checking and savings accounts for adults as well as teens and children. You also may choose a certificate of deposit.
3. Gather and provide the required information.
You’ll need to provide your name, contact information and Social Security number when opening the account either online or in a branch or cafe.
3. Fund the account.
Make a deposit into the new account within 60 days of opening. You can deposit a check through the mobile app or schedule a transfer from another account. You even have the option of scheduling recurring transfers into the account.
Is It Time To Switch To Capital One 360?
The current Capital One 360 promotion is a great deal for new customers, so it may be a good time to make the switch. You’ll also get better than average rates on interest-earning accounts, and that savings can really add up over time.
Earning Capital One 360 bonuses is great, but it shouldn’t be the only reason you choose a bank. Ultimately, the bank should offer the products and services you need to meet your financial goals.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on promotions is accurate as of Jan. 16, 2021. Additional requirements may apply. Offers and terms are subject to change.
This content is not provided by Capital One. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Capital One.
This article has been updated with additional reporting since its original publication.