Capital One Direct Deposit
The Capital One (360) direct deposit form is a standardized form provided by Capital One to set up a Direct Deposit Account with a company or employer you receive regular payments from. It should be noted that any such company or employer may have their own form, so make sure to speak with the appropriate office there to make sure this form will satisfy the Payer’s requirements as well. The benefit of this form will allow for funds, considered payment, to be deposited directly to one or more bank account(s). Many consider this time saver quite a convenience when they wish to receive payment without a weekly or bi-weekly trip to a bank or a check cashing place.
- Capital One Direct Deposit Authorization
- Capital One Direct Banking
- Capital One 360 Address For Direct Deposit
- Capital One Direct Deposit Check
- Capital One Direct Deposit Form
- Routing Number – 031176110
Step 1 – You may download a blank copy of the Capital One Bank Direct Deposit Information Form to your machine by clicking on the PDF button, below the image, on the right. This will enable you to either Print this form then fill it out or enter your information directly with a PDF editor then printing it.
Step 2 – The first item requiring attention is below the introductory paragraph in the form of two check boxes. If this is your first time setting up a Direct Deposit with your employer or with Capital One, then select the check box labeled “Start a new Direct Deposit.” If you are altering the information of an existing Direct Deposit, then select the check box labeled “Change my existing Direct Deposit.”
Step 3 – In the section labeled “Company Information,” enter the Name of the Company that is your employer on the first blank line. Then on the line labeled “Address,” report the Address of your Employer. The third line will be divided into four spaces: “City,” “State,” “Zip,” and “Phone #.” Enter the City, State, Zip Code, and Phone Number of your employer in the appropriately labeled spaces.
Step 4 – You will need to provide some of your personal information in the next section, under the heading “Employee Information.” The first line will provide an area so that you may enter your Full Name then, a separate space for your “Employee ID#/Account #.” Below this you will need to fill in your Social Security Number on the appropriately labeled line. Finally, use the remaining areas (“Address,” “City,” “State,” “Zip,” and “Phone#”) spread across the next two lines to report your Complete Address.
Receive at least 2 direct deposits totaling $1,000 or more within 60 days of account opening. Capital One will deposit the bonus depending on your opening month. If you open in November 2020 and complete the direct deposit requirement within 60 days, and you’ll get your bonus by the end of March 2021. The Capital One 360 direct deposit authorization form is a blank document used to set up instant and direct payments to a customer’s checking or savings account.
Step 5 – Next, in the section labeled “Bank & Deposit Information,” you will need to report some basic but vital information. You may report more than one Account to receive your Direct Deposit through this section. If the bank you wish the Direct Deposit to be transferred to is one of the Capital One Banks listed under “Bank #1” then, select the check box that displays the correct routing number. The first one is for the Capital One Bank using the Routing Number 051405515 while the second uses the Routing Number 056073502. You may only choose one of these options. Then, on the line labeled “Account Number,” enter the Capital One Bank Account Number you wish to receive your Direct Deposit in. If you are splitting the Direct Deposit across two accounts then report how much you wish deposited on the blank line labeled “Amount ($) or Percentage.” If you are depositing the full amount then enter “%100” and proceed to Step 7. If you are splitting this deposit, enter the Amount (in dollars or as a percent) you wish deposited then proceed to Step 6.
Step 6 – In the column labeled “Bank #2,” you may report the second Account you would like to receive the remainder of your Direct Deposit in. Report the Name of the Bank holding this account on the blank line labeled “Bank Name,” in this section. Then, on the blank line labeled “Bank Routing Number,” report the exact Routing Number used by that bank. Next, enter the Account Number where you wish this balance to be deposited on the blank line labeled “Account Number.” Finally, report the Amount to be deposited on the blank line labeled “Amount ($) or Percentage.” If you wish to make sure the entirety of your compensation is deposited directly, make sure this compliments the amount entered in the “Bank #1” column (i.e. if you reported %45 in Bank #1 then report %55 on this line under Bank #2).
Step 7 – Locate the statement beginning with the words “I authorize,” then Print the Name of the Employer/Company which will be allowed to make deposits to your Account directly as a result of this form.
Step 8 – Sign your Name on the blank line labeled “Customer Signature” then, provide the Date of Signature on the blank line labeled “Date.” Once you have successfully filled this out, you may turn this in to the appropriate Department in your place of Employment (i.e. Human Resources/Payroll).
Editor’s Note: As of January 28th, 2021, this offer is no longer available. We will update this post whenever this offer returns – until then, our post on the best bank bonuses and promotions has other offers that might interest you or click here to sign up for our email newsletter and get notified of new bank promotions.
Capital One is one of the most recognizable names in the financial world and Capital One 360 is their online banking arm. If you’re thinking about opening an account and want to know if they have any bonus offers – you’re in the right place.
They offer up to $400 cash bonus for opening a 360 Checking account. There are several offers – the top one requires a direct deposit but there are two more, for less money, that only require you to spend a certain amount using the debit card.
Bank of America $100 New Checking Account Bonus
Bank of America will give you a $100 cash bonus if you open a new account by June 30th, 2021 and receive at least 2 qualifying direct deposits of $250 or more within the first 90 days. The monthly fee is easy to get waived.
Let’s see how you can get this Capital One 360 bonus:
This latest bonus for a Capital One 360 Checking account is super simple.
Just open a Capital One 360 checking account by 1/26/2021 and then receive 2 direct deposits totaling $1,000 or more within 60 days of account opening. If you can’t meet the direct deposit requirement, there are two other offers that are based on spending (but they’re for less money).
The page will populate the promo code automatically but the promo code is BONUS400 on this offer.
That’s it!
There is, unfortunately, no bonus for the 360 Performance Savings account, just the checking.
Learn more about the offer
(Offer expires 1/26/2021)
How to Get up to $250 for a Capital One 360 Checking Account
If you don’t have a direct deposit that meets the requirements for the $400 offer, they also have two offers with a spending requirement.
If you think you can spend over $500 on your debit card in the first 90 days, you’ll want to open a 360 Checking account with the promotion code UPTO250.
Spend over $500 on your debit card within the first 90 days and you’ll get $150 into your account.
Spend over $1,500 on your debit card within the first 90 days and you’ll get $250 into your account.
Bonus is deposited 60 days after the 90-day spend period ends.
Learn more about the offer
(Offer expires 1/26/2021)
If you cannot spend more than $500, then the next tier is at $300 in spending. Open a 360 Checking account by January 26, 2021 with the promotion code BANK100.
Then, use your debit card and spend at least $300 within 90 days of opening that account. You’ll get $100 in the account 60 days after your 90-day spend period ends.
These offers are less generous than the one listed above BUT it has no direct deposit requirement.
Learn more about the offer
(Offer expires 1/26/2021)
About Capital One 360
It only felt like yesterday that the term “online bank” felt like a novelty. ING Direct was still doing silly ads where people didn’t know how to pronounce “ING” (I still say the individual letters). They were acquired by Capital One in 2011 and turned into Capital One 360 – the bank we’re talking about today.
Capital One 360 is FDIC insured as Capital One Bank USA (FDIC #33954) and if you want a deeper dive into the bank’s offering – our Capital One 360 review does a good job outlining it all.
Just as an aside – even without the bonus, Capital One 360 is a pretty good online bank. They have great rates, practically no fees, and one of the nice features is that you can open separate savings accounts for different savings goals. You can do it all online pretty quickly and each one will have its own account number, so you can set up automatic transfers to help with savings. It’s a good way to do envelope budgeting without actual envelopes.
So it’s a case where you come for the bonus but stay for the bank’s other features.
Capital One Direct Deposit Authorization
What To Watch For
You are not eligible for this bonus if you’ve had or had an open 360 checking account (as primary or secondary) on or after January 1, 2018.
Capital One Direct Banking
Otherwise, no other things to watch out for – the account has no monthly fees, no minimum balance, and no gotchas to speak of. I’ve had an account at Capital One 360 for over ten years (it started as an ING Direct account) and have yet to pay a fee.
Capital One 360 Address For Direct Deposit
Plus it earns an interest rate of 0.40% APY, as of .
Capital One Quicksilver Cash Rewards Credit Card – $200
The Capital One Quicksilver Cash Rewards is a credit card that will give you $200 after you spend $500 on purchases within 3 months of opening an account.
You also get 1.5% cashback on every purchase, it’s a solid cash back card with no annual fee.
How Does This Bonus Compare?
It’s a pretty solid offer because a bonus of $400 for just is great.
Capital One Direct Deposit Check
For example, Chase Bank has a competitive bonus too where you can get up to $350 for opening a new checking AND savings account. For their offer, you will have to set up a direct deposit to a Chase Total Checking account AND transfer in $10,000+ in new money to the Total Savings account. This nets you a $200 bonus for the checking and $150 for the savings.
Also, if you want to get $400 from Wells Fargo (this offer is currently not available, we just include it as a reference), you’ll have to open an Everyday Checking account and receive a total of $4,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening within 90 days. It requires just a $25 minimum deposit so the dollar amount is quite low but you’ll have to adjust your financial system so this account gets a direct deposit, likely from your full-time job.
Capital One Direct Deposit Form
As you can see, this Capital One 360 bonus account is easier because it requires a relatively small direct deposit. Not all offers are this simple, review our guide on bank account bonuses to see what other banks typically require as a comparison.