3 easy steps to a $400 checking account sign-up bonus

Jan 26, 2021

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Here at The Points Guy, we typically focus our attention on helping you earn the best credit card sign up bonuses. But every so often, a bank offers a checking or savings account promotion we just can’t pass up.

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Through Tuesday, Jan. 26, Capital One is offering new customers a $400 bonus for opening a 360 online checking account. To qualify for the promotion, customers must use promo code BONUS400 or use the direct offer link when signing up, then make two automated clearing house (ACH) direct deposits of $1,000 apiece into the new checking account within the first 60 days of opening.

The additional fine print is simple and straightforward:

  1. Open a 360 Checking account before 11:59 p.m. Eastern time on Jan. 26, 2021. When you open your account, enter your promotional code — BONUS400.
  2. Receive at least two direct deposits totaling $1,000 or more to your 360 Checking account within 60 days of account opening. A qualifying direct deposit is an Automated Clearing House (ACH) credit, which may include payroll, pension or government payments (such as Social Security) by your employer or an outside institution.
  3. 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. Bonus is only valid for one new 360 Checking account.

Customers who have or had an open 360 Checking account as a primary or secondary account holder with Capital One on or after Jan. 1, 2018, are ineligible for the bonus. Customers whose accounts are in default, closed or suspended, or otherwise not in good standing will also not receive the bonus.

A Capital One representative confirmed to TPG that customers can transfer money from an external account to qualify for the promotion, but each $1,000 deposit must come in the form of an ACH transaction in order to qualify.

Qualifying customers who sign up in January 2021 will receive their bonuses by May 31, 2021.

Capital One has become a growing contender in recent years amongst the major players in the points and miles space. First, the issuer announced travel transfer partners for its Venture and Spark cards in late 2018 — a roster of participating hotels and airlines that has only grown since its inception.


Then in late 2019, Capital One offered a $200 sign-up bonus for opening a high-yield savings account (HYSA) and maintaining an account balance of $10,000 for 60 days. Capital One’s HYSA still offers one of the higher interest earning rates on the market, at 0.40% APY as of the time of this post; however, this current $400 promotion for a new checking account blows the $200 deal out of the water.

The information for this offer has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Featured photo by Getty Images.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
17.24%-26.24% Variable
Annual Fee
Balance Transfer Fee
Recommended Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.