Capital One $200 Checking & $200 Money Market Bonus, Nationwide & No Direct Deposit Required [YMMV]

Offer at a glance

  • Maximum bonus amount: $200 for checking & $200 for money market
  • Availability: Nationwide, but does contain targeted language (not enforced in the past)
  • Direct deposit required: None
  • Additional requirements: See below
  • Hard/soft pull: Soft, as long as you opt out of overdraft protection
  • ChexSystems: Mixed
  • Credit card funding: None
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: Must deposit $1,000 by September 30th, 2017

The Offer

Direct link to offer

  • Capital One is offering up to $200 when you open a checking account and $200 when you open a money market account. To receive the bonus you need to deposit $1,000 in each account.

The Fine Print

  • These cash bonuses are only available to you if you received our offer in the mail and if you do not have an existing 360 Money Market, 360 Checking or 360 Savings account.
  • To receive any of these bonuses, you must be the existing primary or secondary account holder, and account(s) must be in good standing (not in default, closed or suspended).
  • If you open an account through a business, it may be subject to closure/conversion.
  • Bonus is only available for one 360 Checking account and one 360 Money Market account, and multiple new accounts will not qualify.
  • You must have a valid Social Security Number to open a 360 Money Market or 360 Checking account.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
  • Open your first Capital One 360 Checking account or 360 Money Market account online and deposit at least $1,000 per account opened no later than September 30, 2017, 11:59 p.m. ET.
  • Capital One will deposit the $200 cash bonus into your checking account approximately 10 weeks after you accept the account terms and conditions and complete the above conditions. Once it’s deposited, the funds will be available immediately.

Avoiding Fees

Both accounts have no monthly fees to worry about. There is also no early account termination fees.

Our Verdict

In the past the targeted language has not been enforced, but there is no guarantee that this is the case with this promotion (but I suspect it is). They have also offered $400 and $300 bonuses for the checking account before so I wouldn’t seriously consider that option. The money market bonus is a lot better than previous offers though as it only requires a deposit of $1,000 rather than $10,000 (although cumulative deposits worked previously so wasn’t a huge issue). Bonus doesn’t expire for awhile so hopefully a few readers will try the bonus to see if it’s actually targeted or not. For now I haven’t added it to our best bank promotions due to the targeted language.

Big thanks to reader, Preserve who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:
    William Charles
  • On August 9, 2017, 20:06

View Comments (136)

  • Opened both 8/14 w/ $1000.01 deposits. As of 12/23, no bonuses. Wasn't targeted. Is it worth the hassle of calling or sending a secure message? Hmm.

  • Opened my money market account and funded $10K in early Sept. Didn't see any bonus. Called in today, the CSR just manually credited 4 X $50 bonus directly. He said I didn't put the promo code in the application, but I don't think there was a promo code on the page.

    BTW, I am in CA, and I am not sure whether I was targeted or not. The CSR didn't ask this question

  • Halfway successful DP:
    I was not targeted for this promotion, I was targeted for the $10,000 deposit promotion on the money market account that was mentioned earlier in the thread. I opened the account in August and deposited the $2,000 on 8/29. Waited until today to call in. Spoke with two front-line CSRs and was told I wasn't tagerted so not eligible. Asked to speak to a supervisor and after patiently going through it all with him, he offered me $100 as a courtesy for the confusion (of not being targeted but still applying). He mentioned he appreciated my patience with him.

    It pays to be nice, people!

    • Clarification: this was for the money market account promotion of depositing $1,000. I already had a 360 checking account and credit card with Capital One.

  • I got $400 bonus.
    He put me on hold and when he came back, he told me sing out and sing in. Then bonus had been applied. I was NOT targeted. I currently live in TX.

    Opened: 9/06/17
    Deposited: 9/15/17
    called 11/15/17

    • So I just called and they said I wasn't eligible for the bonus because I wasn't targeted. How did you know you weren't targeted, and which number did you call?

        • That's interesting, because the rep I spoke with on the phone specifically said I was not targeted and only people who were targeted with an email or letter were eligible. I wonder if you were targeted without knowing any maybe missed the letter/email they sent out? There was another DP on this page with someone else who ended up being targeted without knowing. Either way, congrats on getting your bonus!

  • I waited it out an extra couple weeks to see if it posted and still no luck even after a call to attempt manual as Adrian suggested. Here's my DP:

    Opened: 8-9-17
    Deposited: 8-14-17
    Withdrew: 8-22-17
    Called: 11-7-17 (13 weeks after opening, 12 weeks after deposit)

    Representative put me on hold to check all of the available bonuses that were sent to me. Confirmed they have logs of what was mailed to each individual even confirmed they had record of previous mailings I received, one that had recently expired, but no mailing that matched this bonus. Also confirmed the deposit is automatic, they cannot manually adjust.

    • Forgot to mention, this was for the 360MM account funded with $1,000. Only previous account was Quicksilver CC, never had a previous checking, savings, money market, or any other account with Capital One.

  • Virginia, several branches are closing, now with ATM deposit only, while other branches still have full service.

    Deposit $1000 on 08/15, 10 weeks already passed, no bonus. called in yesterday 10/29.
    Capital One 360 rep checked and told me there is no mail from 360 on my SSN within a year,

    No successfully DP.

  • They do have a system where they can check your zipcode and state information. And if it does not match with the state where they are offering bonus , then you wont get bonus. Look like Adrian lucked out , and happen to live in a state where this was targetted

  • Nope no bonus. if you are not a resident of certain state where the branches were closing , you wont get the bonus. :(

  • Finally received my bonus today, but via manual means.

    Opened account 8/5, funded $1k the next day (already linked to my Quicksilver CC login). Called 9/14 to follow up and was told to wait the full 8 weeks. Called again today to follow up. Rep confirmed I was targeted by being a current CC holder. She said it's 10 weeks from date of deposit but she went ahead and processed the manual deposit.

    This is the only success story I have from CO360. Call in and ask for manual review if you haven't received yet after 10 weeks.

    • Thanks for the DP! Glad to see someone finally getting their bonus, but I'm wondering if people who aren't sure if they were targeted should wait it out longer in case the rep outright denies them because they weren't targeted. Not sure, but hopefully more DPs come in as we are near that 10 week mark from when the offer first came public.

      • Yep, I'd wait for the full 10 weeks which for me was 10/18 with a DD date of 8/16.

        If 10-12 weeks have passed since meeting the $1k DD then I'd call and ask.

        I don't get CO360 sometimes. I wasn't targeted for the PLUS400 offer but I was for this one...

  • So we are into first week of October and lets call this Cap one 360 promotion fail. Not even one successful DP here or on reddit.

    • They have up to 10 weeks to deposit the bonus after the terms are accepted and completing the conditions.

      Even if someone opened it and was able to somehow deposit the $1,000 the same day when we first read about it here on August 9th, the bonus still wouldn't necessarily be deposited until Oct 18th by my reckoning.

      Still holding out hope, though like you, have my doubts at this point in time.

        • Find it hard to believe that no ones received a bonus though guess anything is possible.

          Maybe it's like I've seen in other threads, once the bonus is received, they don't bother to report back to let the rest of us know about it, especially since the promo period has ended.

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