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How To Get A Free $400 Just By Opening A Capital One Bank Account

If you were just thinking, “I could really use an extra $400 right now” then you’ve come to the right place!!

Right now, you can score yourself a FREE $400 just for opening a new bank account. Oh, and it’s really easy to do!!

Seriously, this is probably the easiest $400 I’ve ever made!!

money from capital one

How To Get A Free $400 Just By Opening A Capital One Bank Account

First off, know that this is for NEW Capital One bank account members.

You CAN have other Capital One products such as a credit card but you can’t already have a bank account with them.

Now, if you don’t have a bank account with them, you can get up to $400 for free just for opening account and completing a few easy steps.

Oh, and don’t worry, the account is entirely free with zero costs monthly and zero minimums required to open it.

free $400 capital one

Update: the promotion is over for right now.

You can open a new Capital One Credit Card to start receiving cash back. It’s also a great time to do a 0% interest balance transfer to pay off debt. Sign up here.

If you want the full $400, follow these steps:

  1. Open a new Capital One 360 Checking account by January 26, 2021. When you open your account, enter your promotional code—BONUS400.
  2. Receive at least 2 direct deposits totaling $1,000 or more to your 360 Checking account within 60 days of account opening.
man counting money

So yes, all you do is open a FREE checking account and have your payroll direct deposited to that same account.

As long as the COMBINED total is $1,000 or more, you will receive $400 in your checking FOR FREE!

When will I get my bonus?

Your bonus will be deposited into your new 360 Checking account by the date stated below:

Account opened the month ofReceive at least 2 direct deposits totaling $1,000 or moreBonus will be paid by
November 2020Within 60 days of your account opening dateMarch 31, 2021
December 2020Within 60 days of your account opening dateApril 30, 2021
January 2021Within 60 days of your account opening dateMay 31, 2021

Now, one thing I’ve noticed is that the fine print does not specifically state that it is only one offer per household.

So, if you have 2 working people in your home (you and your spouse) you may each be able to open your own accounts and both take advantage of this offer. So, that is $800 FREE!

money on a table

Things To Note:

  • Super important!! Make sure you enter that promotional code above during your account set up or you won’t qualify for the $400!
  • 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.
  • 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.
  • Transfers from one bank account to another does not count.
capital one free $400

My Personal Thoughts About Capital One

I’ve been a customer of Capital One for sometime. My husband and I both have credit cards we use to earn points then pay off every month.

We also just refinanced our car at a lower rate with them than we had with our local credit union.

We have always been happy with Capital One and their customer service has always been top notch. This is just my personal experience with them.

So, this was a no-brainer to get a checking account with them. As soon as we receive our bonus I will keep you all updated!

If you are looking for an easy way to make some extra cash in the New Year, make sure you take advantage of this offer before it’s gone!

This is the perfect way to pay off some debt, jumpstart some savings or even invest in the new year.

You can Open a new Capital One 360 Checking account here.