This bonus has expired, click here for other Capital One bank bonuses or here for the best current checking bonuses.
Bonus is back and valid until March 31st, 2018.
Please note the fine print states: You must have received an email or mail piece directly from Capital One with a promotional code. This hasn’t been enforced in the past (e.g last time here)
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â Nationwide, but does contain targeted language (not enforced in the past)
- Direct deposit required:Â None
- Additional requirements:Â See below
- Hard/soft pull:Â Soft, as long as you opt out of overdraft protection
- ChexSystems:Â Mixed
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â March 31st, 2018
The Offer
- Capital One is offering a bonus of $200 when you open a 360 Money Market account and complete the following requirements:
- Use promo code GAIN200
- Deposit $10,000 or more by March 31st, 2018
The Fine Print
- To qualify for the $200 bonus, deposit at least $10,000.00 from a non-Capital One account no later than 3/31/2018 11:59 p.m., E.T
- You must have received an email or mail piece directly from Capital One with a promotional code.
- If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING DIRECT before then you won’t be eligible for the bonus.
- This offer cannot be combined with any other new account opening offer, and is strictly non-transferable. This offer is not valid for multiple accounts.
- If you qualify for a bonus, Capital One will deposit the bonus money into your account within 60 days of completing the above conditions. Once it’s deposited, the funds will be available immediately. Account must be in good standing (not in default, closed, or suspended, or otherwise not in good standing).
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
This account has no monthly fees and there is also no early account termination fee.
Our Verdict
Cumulative deposits have worked previously to trigger the $10,000 bonus requirement (e.g depositing & withdrawing $1,000 10 times has worked). They did offer a bonus recently that only required a deposit of $1,000 instead of $10,000. They also offered a $500 money market deal as well but that required deposit of $50,000+. It might make sense to just wait for a public bonus to come along, but I’d say the chances of this one working are quite high and the cumulative deposits makes it achievable for most people. I probably won’t add it to the best savings account bonuses purely because of the targeted language in the fine print.
Big thanks to reader, Eduardo S who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Any thoughts if they might provide better bonus option in the future?
Another data point. I opened this in November. My wife was targeted with the Save200 code but I was not. She got the bonus right away but nothing showed up in my account. I called today since the 60 day window had passed. Rep looked at the account and said that I had met all the requirements, wasn’t sure why I didn’t get the bonus. She credited my while I was on the phone (4×50 transactions for a $200 credit). Glad it worked out.
Had the same 2/16 error pop up on the final screen but called into CapOne and the rep added the offer to my account as well as made notes in my acct that I was eligible (I was targeted via email).
Is the offer still active? The link says it is valid till 3/31 but after creating the account, it has some text saying “we need to deposit before 2/16”
I have capital one 360 checking account, am i qualified for this offer?
No, offer is for new customers that never had this account. Fine print ” If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING DIRECT before then you won’t be eligible for the bonus.”
He said he has a checking account, not a savings account, so he is qualified.
Yes
I did the $400 bonus. Got paid 2 weeks after completing the requirements. I was in the process of migrating my payments to make this my secondary account due to the APY but then the first security event happens. A bunch of transactions appeared. All were reverted but it happened a second time abs decided to close due to security concerns. Also 3 times I could not access my account for more than 4 hours due to technical problems. Be careful!!!
When I got to the final confirmation screen, the bonus expiration date was 10 days EARLIER. I did not submit the application.
I was not targeted with a mailer.
Still says money must be deposited by 2/16/2018 within the application even though the link posted by DOC says 3/31/2018. Aborted application because of 2/16/2018 language.
Where did you see that?, here what i see in the link provided by DoC: “How do I earn a bonus? To qualify for the $200 bonus, deposit at least $10,000.00 from a non-Capital One account no later than 3/31/2018 11:59 p.m., E.T. “
Elegua, if you continue with the application, you will see the 2/16/2018 deadline stated. I aborted the application because of this as well.
Same here , not sure if we receive the 200$ as mentioned in the post
Wasn’t targeted initially and aborted first time due to that 2/16 language but received a week later an e-mail that “there is still time” to open my account with the 3/31 language for the deposit. I wasn’t initially targeted but that e-mail convinced me that it should work, so I tried it out and ignored the 2/16 date during the application. Transferred 10k and the bonus posted a week later.
Yes. I see the same thing after creating the account. Also , did you add promo code anywhere? I didn’t see it while creating the account
Would being a joint account holder (i.e. not the Primary Account Holder) to a Money Market Account disqualify someone from opening their own personal account and receiving the bonus?
Just to give a DP, I tried this a few months ago using a promo code, met requirements but was not targeted. Bonus never posted so after awhile I contacted them and they said I was not eligible as I was not targeted (I told them I did receive a mailer).
on the last page it still says money must be deposited by 2/16
Ditto – had the exact same experience. No luck for me