Posted by William Charles on November 14, 2018
Bank Account Bonuses

Published on November 14th, 2018 | by William Charles

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[Expired] [Targeted] Capital One $200-$600 Money Market Bonus – Requires Deposits Of $10,000-$100,000

Deal has expired, view the best current checking bonuses by clicking here.

Offer is back. Still contains targeted language, this time there is no promo code on the actual landing page making me think it might actually be enforced. Hat tip to reader Lei

Offer at a glance

  • Maximum bonus amount: $600
  • Availability:  Nationwide, but does contain targeted language
  • 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: May 31st, 2018 December 14th, 2018

The Offer

Direct link to offer

  • Capital One has a new money market bonus in partnership with Quicken.  To receive the bonus you must deposit a set amount of funds within the first 10 days of account opening and then maintain that balance for at least 90 days. The bonus tiers are as follows:
    • Earn a $600 bonus for deposits of $100,000 or more
    • Earn a $400 bonus for deposits of $50,000 to $99,999
    • Earn a $200 bonus for deposits of $10,000 to $49,999

The Fine Print

  • To qualify for the bonus, you must have received an email directly from Quicken with a promotional code. To qualify for the bonus, you must have received an email directly from Quicken. You must open your very first 360 Money Market account online between July 11, 2018 and 11:59 p.m. ET on December 14, 2018
  • To earn a bonus your account must be funded with at least $10,000 in the first 10 days of account opening (Initial Funding Period) from a non-Capital One account. The amount of your bonus will be determined as follows:
    • $200 Bonus – You maintained a balance of $10,000-$49,999 for the first 90 days following the Initial Funding Period.
    • $400 Bonus – You maintained a balance of $50,000-$99,999 for the first 90 days following the Initial Funding Period.
    • $600 Bonus – You maintained a balance of $100,000 or more for the first 90 days following the Initial Funding Period.
  • Your bonus will be based on the lowest amount maintained for 90 days. If your balance drops to a lower tier at any point during the 90-day period, you will earn the lower tier bonus. If you make additional deposits during the 90-day period to reach the next level tier, you will still only be eligible for the lower tiered balance.
  • You won’t be eligible for the bonus if you currently have, or have had, a 360 Money Market account with Capital One. This bonus offer cannot be combined with any other Capital One Bank or Capital One 360 new account opening offer and is strictly non-transferable. The offer is not valid for multiple accounts
  • 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

Capital One have periodically being offered the lowest tier of this bonus for some time, it has always contained some type of targeted language but this isn’t enforced and I doubt you will need to be a Quicken customer for this bonus either. They also did offer a $200 bonus with only a $1,000 deposit required that was much better. What’s new is the higher tiers. In saying that there was another offer that required a $50,000 deposit that was for $500 (rather than $400 in this bonus).

The nice thing about this bonus and account is that it also earns 2% APY, that’s not the best high interest savings account available but at least it’s some what competitive. You’d likely need to have these funds deposited for ~100 days (gives yourself some time to get them into the account and then withdraw them again, plus the 90 deposit requirement). Over that period you’d earn (keep in mind these are the annualized returns):

  • $200 bonus: Extra 7.3% APY
  • $400 bonus: Extra 2.9% APY
  • $600 bonus: Extra 2.2% APY bonus

As you can see the $200 bonus is the real big change, but others might be worth considering if you have the funds I guess. It’s also worth remembering we have seen better bonuses in the past so it might be worth waiting for one of these given it’s once per lifetime. I’ll still be adding this to the best savings bonuses because at the very least this is worth considering/knowing about.

Another thing to mention is that this doesn’t exclude former ING customers, if anybody decides to go for it who was a former ING customer let us know in the comments.

Hat tip to DrGForce

Useful posts regarding bank bonuses:



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Chris B
Chris B

Looks also this time they don’t exclude current/previous savings customers (only MM accounts).

Max
Max

Does Anybody know how to check if I had a MM account with them. I know I had one years ago, but I can’t remember if it was a MM account.

Ken
Ken

Also they’re not excluding people “who have or have ever had any ING or Capital One savings product” and are now limiting that scope to only exclude past money market account holders.

Steve
Steve

Good catch. I can apply for this account now.

Steve
Steve

Looking at previous posts, if you weren’t targeted, bonus didn’t post.

Peddi
Peddi

Is this same as Capital One 360 or different? I had Capital One 360 account last year and I closed it in August last year. Not sure if I can do this offer? Thank you

Ken
Ken

Terms only mention a money market that would preclude you from receiving a bonus.

Santosh Purohit
Santosh Purohit

Looks like a call is needed to Cap one to update the disclaimer, where as targeted email says 03/31 with Promo code GAIN200.

To qualify for the $200 bonus, deposit at least $10,000 from a non-Capital One account no later than 2/16/2018 11:59 p.m., E.T. You must have received an email or mail piece directly from Capital One with the specific promo 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.

Danny
Danny

So for those of us who already opened it with code “QUICKONE” what does this mean?

Shaun
Shaun

GAIN200 looks to be a different promotion.

Shaun
Shaun
Matt D
Matt D

The GAIN200 looks to exclude people who have had a savings account with them before, while the QUICKONE specified you can’t have had a money market with them in the past.

The QUICKONE is worth a shot for me, as at least the MM is a decent rate so you won’t be losing too much of interest even if they for some reason don’t award the bonus.

Max Martori
Max Martori

That link does not work

paz
paz

It seems the account opening deposit does not get processed until one verifies the micro trial deposits (one has to go find that buried in the redesigned “mobile-friendly” web site). While it makes sense from a security standpoint, the fact the customer needs to be do that is NOT mentioned anywhere during the whole process, and it’s unlike any other banks’ handling of opening deposit. How unintuitive.

Dave
Dave

deleted

TG
TG

It’s mentioned twice when you sign up. First when you enter your external account info and once again after you finish signing up, reminding you to verify the trial deposits so your funding goes through.

paz
paz

No, it didn’t. I got the email reminder to verify the micro test deposits one day after I have finished verification, three days after I signed up. On the same day, my inbound Alliant CU deposit has already made its way into the account, trial deposits and all. It’s

TG
TG

Yes it did. Here’s some screenshots with giant arrows to help you out.

https://imgur.com/a/WBIoo

zkay
zkay

I signed up for two, but never got trial deposits for the second, although it did say the transfer went through. Should I just watch the first account tomorrow?

Dave
Dave

The link appears not to be working anymore

Jon
Jon

I just signed up and my account is only showing a 0.85% APY.

Matt D.
Matt D.

If I remember correctly you might have to have 10 grand in there to get 1.5 rate and everything under is .85 but if it doesn’t change might want to check into that.

Minnie
Minnie

My 360 MM transfer for $10K posted 3/19 and the $200 bonus posted today 3/22. And showing 1.5% rate. Not bad for a quick bonus.

Danny
Danny

Are you going to transfer the 10k out or leave it there for the 90 days?

Minnie
Minnie

I’m parking the $10K there for 90 days to take advantage of the 1.5%. Or until I find something better in the same time frame.

Matt D.
Matt D.

Wow that was quick, I thought you had to keep the minimum 10K balance for 3 months to get the bonus? My 10K posted the same day with no bonus yet, are you a new customer to 360 all together? Did you use the QUICKONE or the GAIN200 promo code when applying?

Minnie
Minnie

I have a credit card with Cap One but this MM is my first and only with them. I used the GAIN200 code when applying. Im keeping the $10K there for 90 days.

JohnK
JohnK

To add to Matt’s questions, were you targeted?

Minnie
Minnie

Nope I was not targeted.

Danny
Danny

My 10k has been in there for two weeks already. I signed up using code “QUICKONE” and I have not received my bonus yet. Anyone else in the same boat?

Matt D
Matt D

The QUICKONE promotion requires that you leave the 10K in there for 90 days then I think they have up to 30 days after that to get you the bonus.

Danny
Danny

I was just wondering because some other comments say they received the bonus within 1 – 2 days of transferring funds. So I was just wondering why I didn’t get it yet and if anyone else didn’t receive it within a few days.

Shaun
Shaun

This is my first time back with Capital One 360 since 2013. For an online bank their site sure is bad and slow as molasses. Even the Capital One logo in the corner is a broken image for me, in Chrome and Edge.

Had a problem opening the account where it would only detect my old address which wasn’t able to be changed online. Evidently I still have two Capital One user names, five years later they can’t figure this stuff out.

Where do I confirm the micro deposits? I’m looking at external accounts but nothing is there pending.

Shaun
Shaun

Called customer service and combined user names.

If you’ve had a 360 account before it will still have all your old external transfer accounts. They limit you to three so if you’re already at the limit then adding the opening deposit external account will fail without telling you. You could lose a few days to get the deposit done if you don’t notice this.

Johnz
Johnz

Good info, but you won’t lose any days to get the deposit done:
per the MM Agreement your MM account’s not considered open until it’s balance is at least a penny, meaning the bonus’s Initial Funding Period starts the day that first penny lands.

Adolfo
Adolfo

“To qualify for the bonus, you must have received an email directly from Quicken with a promotional code.” I have not received an email from Quicken. I searched but could not find where to sign up.

alexe
alexe

can anyone chime in on where or how to get this targeted email?

MF
MF

I just called the CSR and he confirmed that I should have received a personal email or piece of mail with my name on it. He checked and said that I do not qualify! Having said that, I will go ahead and open the MM account with promo code QUICKONE since I would not lose much of interest if they pay 1.5% even if they decline to pay the bonus.

shak
shak

They’ve now raised the rate from 1.50% to 1.60%. I used the QUICKONE, but did not receive an email either. Maybe, as the posts above suggest, they don’t enforce the targeted email part. See ya in July!

Chris
Chris

Where do u use the code? while adding the money?

shak
shak

Chris…The QUICKONE code should auto-fill if you use the “Direct Link To Offer” above and start an application. CapOne’s product ID for this offer is “productId=3300”. That may be helpful later if there is a dispute. When you start the application look at the URL address, it should contain the number 3300 as the last part of the web address.

Kari
Kari

I just called them, as I was not targeted, he said emails only went to current Quickin Loan customers. I made my disappointment known but was just told “sorry” ha ha

Daniela
Daniela

First rule is never call.

Sexy_kitten7
Sexy_kitten7

Just applied. Got this infuriating message!

“Here are your linked accounts you can transfer from. Since you already have the maximum of 3 non-Capital One accounts linked, you can’t add another one right now.”

Thankfully you can “transfer funds later.” This is why I fired Cap1 last month. Switched to Ally.

Edit: It errorred out when I hit later. Turns out you can resume/restart the app. So I deleted a linked account in another tab, then restarted my application page. Worked like a charm!

P
P

The rate is now 1.6%, pretty competitive with others like GS Bank

Dan
Dan

meh.. I get 3.3% right now at other banks. Just waiting for the bonus to post so I can transfer out

chris
chris

what bank is that?

vivian
vivian

same ,which bank may I ask ?

elaine
elaine

Can anyone confirm if they have gotten the bonus with “quickone” even though they did not receive the email? thanks!

shak
shak

Elaine…It’s too early to tell if the QUICKONE (productId=3300) will work for people who weren’t targeted with a Quicken email offer.
CapOne doesn’t have to post the bonus for 90 days. I think the confusion here revolves around the differences between the GAIN200, and the QUICKONE offers. It seems that some people received their bonuses very quickly under the GAIN200 offer (now expired.) But, no one, to my knowledge, has received the QUICKONE bonus yet, and likely won’t until 90 days has passed from the date of the initial $10K deposit. The terms of the two offers were slightly different.

elaine
elaine

Can anyone confirm if they received the bonus with code “quickone” even though they did not receive the email (were not targeted in other words)?

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