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Capital One 360: Account Bonus

by Tara Kuczykowski on November 27, 2009 · 40 comments

UPDATE: ING Direct is now Capital One 360! You'll enjoy the same peace of mind that comes from banking with no fees and no minimums with your Capital One 360 Checking Account!

Check out current Capital One 360 bonus offers to start saving more today!

{ 40 comments… read them below or add one }

1 amy November 27, 2009 at 11:54 am

Does this apply if you already have an ING savings account set up with them?


2 Tara Kuczykowski November 27, 2009 at 12:15 pm

It doesn't specify, but I don't see why not since it's a different kind of account completely.


3 Cori November 27, 2009 at 12:19 pm

I just signed up and used the code but no where in the sign up process did it mention the terms of the deal? How do I find out if I did it correctly?


4 Mandi Ehman November 27, 2009 at 12:19 pm

I have an Electric Orange, and I was able to get a bonus (only $25 at the time) when I signed up even though I have several Orange Savings accounts, so I think you should still qualify!


5 Cori November 27, 2009 at 12:20 pm

Actually the confirmation page says "Congratulations! Your Electric Orange is open and your bonus will be credited. " So I guess it did work?


6 Janell November 27, 2009 at 12:38 pm

whats the minimum amount to deposit?


7 EJ November 27, 2009 at 2:52 pm

No minimum. Just keep in mind you need to do 3 debit card transactions and should deposit enough to complete them.


8 Mari November 27, 2009 at 3:02 pm

How would I do signature transactions? I never have to do that with debit purchases.


9 Priscilla November 27, 2009 at 3:05 pm

No minimum. Make sure your readers know that they have to make 3 Signature Transactions. You can buy something as little as .50 bublegum, but when you make your purchase make sure you process it as a "credit".


10 Maranda November 27, 2009 at 3:12 pm

It says that it will still take out the initial deposit before you even verify the account but it wants me to put in my bank information before it tells me what the initial deposit is? Does anyone know how much it is for the very first one they take out to open your account with them?


11 Mari November 27, 2009 at 3:15 pm

Found it - Examples of signature-based transactions include:

* Any purchases that require your signature(choosing ‘Credit’ instead of ‘Debit’) when checking out.
* Internet, phone or mail order purchases.
* Using your Card for automatic bill payments like your cell phone, cable or utilities.


12 Lisa November 27, 2009 at 3:17 pm

Just signed up--opened with $25. I have a different bank account that I have to make debit card transactions each month (to be awarded the bonus) and I usually reserve these transactions for those $1 or less amounts I spend at CVS, WAG or the grocery!

I do question just as Mari does--what is a "signature transaction"?


13 Lisa November 27, 2009 at 3:18 pm

Thanks, Mari!


14 Tara Kuczykowski November 27, 2009 at 3:36 pm

A signature transaction is when you use a debit card but request that it be processed like a credit card. So instead of entering your PIN after swiping it, hit cancel and then select credit to process it as a credit card and sign the receipt.


15 teresa November 27, 2009 at 8:03 pm

I opened the account using the promotion code, but didn't get the response that i would get my bonus. I hope this works. thanks, teresa


16 christina November 27, 2009 at 8:07 pm

Are there any fees? If I just don't use the account other than those 3 times, will they take any money out of my account for anything?


17 Tara Kuczykowski November 27, 2009 at 8:31 pm

No, there are no fees on the account.


18 Sarah November 27, 2009 at 10:05 pm

thank you for posting this. Sounds like a great opportunity.


19 christina November 27, 2009 at 10:58 pm

Sweet. I just signed up. Thank you so much for the information!!


20 Jennifer November 27, 2009 at 11:43 pm

I would NEVER EVER open an account with ING. One of my Roth IRAs was bought out by them because a bank closed. Needless to say, it was a PAIN to get ING to roll it over to another bank. They were VERY hard to deal with. I would not do it for a million bucks!


21 christina November 28, 2009 at 10:26 am

That's too bad. I am just going to use it until I get the $121, use that up and close it.


22 melissa November 28, 2009 at 12:09 pm

i am just seeing this now, on 11/28, at 1210 PM.


We have ING for savings and we LOVE them.


23 Bargain Blessings November 28, 2009 at 1:01 pm

It is Important to note that ING has been reported to pull a hard inquiry when consumers open these Electric Orange checking accounts. I posted a link with more info on our site. HTH someone!


24 christina November 28, 2009 at 3:16 pm

What does pull a hard inquiry mean?


25 Bargain Blessings November 28, 2009 at 3:55 pm

Sorry, typing too is a hard credit report inquiry. There are two types that can be pulled...hard or soft. They should only be pulling a soft inquiry for a checking account, but some institutions pull a hard inquiry for whatever reason. Hard inquiries can affect your credit, soft do not.


26 norma November 28, 2009 at 8:14 pm



27 Tara Kuczykowski November 28, 2009 at 8:41 pm

Norma, it's a free checking acct. There are no recurring fees for it.


28 Rhianon November 28, 2009 at 9:03 pm

I set mine up as well and it said at the end with the confirmation that the bonus would be credited.


29 lainey November 29, 2009 at 11:26 pm

Are they going to issue a debit card or we have to use the debit card of our bank we used for signing? Can we closed the account after we get the bonus? if yes, then how?


30 Duddes02 November 30, 2009 at 12:30 pm

Signed up for an account! What a great deal


31 Katie December 1, 2009 at 4:44 pm

Talked to customer service at ING and was told that yes the do a credit inquiry (hard inquiry) and the offer ended Saturday the 28th. Too bad.


32 christina December 1, 2009 at 5:53 pm

I got the account but how do I get the debit card?? Will they send it to me automatically in my mail??


33 Tara Kuczykowski December 1, 2009 at 6:49 pm

They will mail it to you, Christina.


34 Christina January 15, 2010 at 6:31 pm

So, today is day 50 of my electric orange accout being opened. I made the 3 (actually 5 ) signature based debit transactions with in the first 45 days. I just checked and I did not get the $121 bonus yet... Anyone else? I signed up on November 27th.


35 meriam January 15, 2010 at 11:01 pm

I signed up on the 27th too and my account hasn't been credited.


36 Cori January 17, 2010 at 1:24 pm

I just checked my account and they deposited the $121 yesterday (Jan 16). Thank you for posting this offer.


37 meriam January 17, 2010 at 4:39 pm

O.k. Mine is there now too! Yeah! That was easy money!


38 D January 20, 2010 at 9:44 pm

Today's the 20th & I haven't received my $121 either... I just sent an email. Fingers crossed!


39 Snoop Dogg January 25, 2010 at 9:31 pm

I signed up for accounts for me and my wife. I used my card 3 times and got my $121 bonus. However, my wife forgot to use hers, and >45 days have passed. Anyone know if they might give her an extension to make her purchases, or is she out of luck?


40 Christina January 25, 2010 at 9:34 pm

You should just email them & ask, but I doubt it since they said it would be automatically deposited on day 50.


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