[Expired] Capital One $200 Money Market Account Bonus

Deal has expired, view more bank account bonuses by clicking here

Update 12/17/18: Deal is back and valid until March 31st, 2019. Current data points have shown issues with cumulative deposits, so I assume those will unfortunately no longer work. Hat tip to reader Anbe77

Reposting as this no longer contains the targeted language ‘You must have received an email or mail piece directly from Capital One with a promotional code’. This wasn’t enforced previously, but it’s nice to see it has been removed completely. Hat tip to moneysaver688

Offer at a glance

• Maximum bonus amount: $200
• 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: December 14, 2018 March 31st, 2019

The Offer

Direct link to 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 OFFER200
  • Deposit $10,000 or more by March 31st, 2019

 

The Fine Print

• Open your 360 Money Market account starting July 10, 2018 and deposit at least $10,000 between July 11, 2018, and 11:59 p.m. ET on December 14, 2018.
• Deposits must be from another bank (transfers between Capital One accounts will not qualify).
• If you have or have had a savings product with Capital One after January 1, 2016, you won’t be eligible for the bonus.
• Bonus 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 after 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

Monthly Fees

There are no monthly fees

Early Account Termination Fee

There is no early account termination fee

Our Verdict

Cumulative deposits in the past has worked (e.g depositing and withdrawing $1,000 10 times), not sure if it will work this time as the terms are slightly different (update, they do work). They have offered a previous bonus only requiring a deposit of $1,000 so it might make sense just to wait for a better offer to come along. Given that cumulative deposits work this shouldn’t be a huge issue though.  I’ve added this to the best savings account bonuses now that the targeted language has been removed.

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