There exist many structures founded on unsaturated soil deposits. Shear strength augmentation due to the evolution of the matric suction within the unsaturated porous media enhances the bearing capacity of the overlying foundation. This paper presents the evaluation of the pseudo-static seismic bearing capacity of the shallow foundations resting on unsaturated soil deposits using limit equilibrium method. Adopting the Coulomb failure mechanism and Bishop effective stress concept, the bearing capacity equations are solved. The distribution of the matric suction beneath the footing is assumed to be linear. The results of the bearing capacity evaluation are validated against some experimental data found in literature for the static condition. For the seismic loading consideration, the pseudo-static method is utilized. The dual effect of the earthquake acceleration vertical component is thoroughly discussed and a suction transition point is introduced in which the minimum bearing capacity is observed to bear the same value for both upward and downward directions. The increase in the matric suction throughout the soil deposit leads to the increase in the soil shear strength, thus posing more resisting forces as well as higher ultimate bearing capacity. The offered solution is deemed a consistent and useful tool for the accurate prediction of the seismic bearing capacity of shallow footings resting on unsaturated soil deposits.