Newest Capital One 360 Promotions: Best Offers, Coupons and Bonuses May 2020

Take advantage of these cash bonuses when you open an account.

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 lets you handle banking tasks online, through the mobile app or at physical locations nationwide. You can even cash in on bonuses for new customers.

GOBankingRates survey revealed that many Americans are missing out on free money from banks. More than 65% of respondents said they wouldn’t consider changing banks even when they’re offered bonuses for doing so. Rather than be a part of that group, check out the current Capital One 360 offers and put some extra cash in your pocket.

Here’s what this guide to Capital One 360 bank promotions covers:

Capital One 360 Promotions at a Glance

Capital One is one of the 10 largest banks in the U.S., so it has plenty of financial might at its disposal. In addition to its line of credit cards, the bank also offers Capital One 360 checking and savings accounts that come with promotional offerings that can give you a financial boost. Here’s a quick rundown of the latest promotions:

Best Capital One 360 Bank Promotions: May 2020
AccountCash Value of BonusExpiration Date
360 Checking$25None
360 Performance Savings$25 to $100None
360 Performance SavingsUp to $500May 31, 2020
Capital One Refer a FriendUp to $1,000None

Current Capital One 360 Bank Promotions

Capital One 360 is continuing its Refer a Friend promotion that gives cash bonuses to current customers who refer friends to the bank’s checking or savings accounts — as well as bonuses to those being referred. There’s also a limited-time cash bonus for new 360 Performance Savings accounts.

Save for Your Future
Sponsors of

360 Checking: $25 Bonus

If you’ve never had a Capital One 360 checking account before, you can earn a $25 bonus for opening a new account if you’re referred by a friend. There’s no monthly service fee or minimum balance requirement with the Capital One 360 checking account, but you do have to deposit at least $250 when you open it. Here’s more about the bonus:

  • Cash value: $25
  • Minimum deposit to qualify: $250
  • Expiration date: None
  • How to get it: Open a new 360 Checking account using the referral link from a friend. Next, deposit at least $250 in the account when you open it and complete at least three debit card purchases or Zelle payments within the next 45 days.
  • When you’ll get it: 50 days after you open the account
  • Terms and conditions: This offer is limited to one account and available only to the primary account holder.
  • Monthly fee: None
  • Promotion page: 360 Checking bonus offer

360 Performance Savings: $25 to $100 Bonus

The 360 Performance Savings account pays 5X the national average savings rate and has no minimum balance requirements or service fees. New customers who are referred by friends can now get a cash bonus of $100 when they deposit $10,000 or more in their accounts. Those who deposit between $250 and $9,999.99 can receive a $25 bonus. Here are more details:

  • Cash value: Up to $100
  • Minimum deposit to qualify: $250
  • Expiration date: None
  • How to get it: Open a new 360 Performance Savings account using the referral link provided by a friend and fund it the same day.
  • When you’ll get it: The bonus is immediately credited to the account.
  • Terms and conditions: Cash bonuses do not count toward the initial funding requirement. This offer is only available for new accounts and cannot be combined with other Capital One 360 offers.
  • Monthly fee: None
  • Promotion page: 360 Performance Savings bonus offer

Back to top

360 Performance Savings: Up To $500 Bonus

For a limited time, new customers can earn a cash bonus for every $10,000 they deposit and keep in a 360 Performance Savings account. Use Capital One 360 coupon code SCORE500 to open an account by May 31, 2020, and take advantage of this promotion. More information about the cash bonus offer is below:

  • Cash value: Up to $500
  • Minimum deposit to qualify: $10,000
  • Expiration date: May 31, 2020
  • How to get it: Open a new 360 Performance Checking account using the promo code SCORE500 before May 31 and fund it with at least $10,000. After that, you must maintain that balance for 90 days.
  • When you’ll get it: Within 60 days after meeting the requirements
  • Terms and conditions: This offer is available for new accounts only. If the account balance falls below $10,000 during the promotional period, you don’t qualify for the bonus.
  • Monthly fee: None
  • Promotion page: 360 Performance Savings bonus offer

Capital One Refer a Friend: Up to $1,000 Bonus

As a Capital One 360 account holder, you can earn money every time you refer a new customer to the bank through your referral link and meet certain requirements. You’ll receive a $20 bonus for each referral up to 50, giving you the opportunity to grab as much as $1,000 in bonus cash. Here’s a closer look:

  • Cash value: Up to $1,000
  • Minimum deposit to qualify: $250 by the friend you referred
  • Expiration date: None
  • How to get it: First, you’ll have to share a unique referral link with a friend. That friend must then use the link to open a 360 Checking or 360 Performance Savings account and fund it with at least $250.
  • When you’ll get it: The bonus is credited as soon as your friend opens and funds the new account.
  • Terms and conditions: This offer is only available for new account holders. The bonus is not available to spend for at least 30 days.
  • Monthly fee: N/A
  • Promotion page: Capital One Refer a Friend bonus offer

Back to top

Capital One 360 bank logo
How To Open a Capital One 360 Account

Capital One 360 offers customers three options for opening accounts:

Save for Your Future
Sponsors of
  • Visit the Capital One website and choose the “Open Account” link.
  • Visit a local branch or Capital One Café.
  • Download and apply on the mobile app.

When opening an account, you have to provide certain information and documentation, including a government-issued ID, Social Security number or Individual Taxpayer Identification Number and method for funding the account.

Back to top

Should You Consider Capital One 360 Bank Promotions?

Capital One 360 is a good option if you want to earn extra money from your checking or savings account. Referring a friend might not be the most efficient way to earn a bonus, but it can pay off if you know enough people who are interested in the bank’s products. Although bonuses shouldn’t be the only reason you choose a bank, they do provide an extra incentive if you’re happy with everything else.

Back to Top

More on Capital One

More Bank Promotions

This article has been updated with additional reporting since its original publication.

Save for Your Future
Sponsors of

Rates are subject to change. Information on accounts is accurate as of May 5, 2020.

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.

GOBankingRates is a personal finance and consumer interest rate website owned by ConsumerTrack Inc., an online marketing company serving top-tier banks, credit unions and other financial services organizations. Some companies mentioned in this article might be clients of ConsumerTrack Inc., which serves more than 100 national, local and online financial institutions. Rankings and roundups are completely objective, and no institution, client or otherwise, paid for inclusion or specific placement. Any opinions, analyses, reviews or recommendations expressed in this article are those of GOBankingRates alone and have not been reviewed, approved or otherwise endorsed by the companies included in the article. All fees and rates are subject to change at the issuers’ discretion. Some interest rates might be short-term or promotional offers only, and it is possible additional terms and conditions must be met to obtain the interest rates listed. Rates and availability might vary by region. Verify terms and conditions before opening an account. 

GOBankingRates bases its assessment of “best” and “top” products on the above-stated parameters to create a baseline for comparison. This assessment is an approximation of “best” and “top” designed to help consumers find products that might be appropriate for them. There could be other options available, as well. Consumers should consider various options appropriate for their circumstances.

Related Video