Posted by William Charles on August 9, 2017
Bank Account Bonuses

Published on August 9th, 2017 | by William Charles

136

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:



Leave a Reply

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

Notify of
avatar
 

Sort by:   newest | oldest
Chris
Chris

The exclusions are not quite clear. I have a checking and savings with them. Can I open the money market account for the bonus?

Mike P.
Mike P.

I think we’re SOL.

Mike P.
Mike P.

That being said, I’m going to try it anyway.

Bob Newbie
Bob Newbie

Please report back if it works for you.

Vincent
Vincent

For the one last month, it had a very similar language. I already had a MM account with them (opened early 2017), and tried for the checking. Still got the $300 bonus.

Peter
Peter

@Mike P. Did you open the MM account

Kola
Kola

I agree it isn’t very clear, but this line makes it pretty explicit: “if you do not have an existing 360 Money Market, 360 Checking or 360 Savings account”.

sonia
sonia

So can i open either or do i have to open both in order to qualify?

Daniel
Daniel

Like really. I am still struggling about how to trigger dd requirement for previous promotion. All of sudden this offer comes out.

Dave_B
Dave_B

Schwab Brokerage account ACH works.

Matt
Matt

How about Schwab checking?

Dave_B
Dave_B

Don’t you have to open up a brokerage account when you get a Schwab checking account?
I used brokerage and it worked. No idea about checking.

nickpete
nickpete

Just tried signing up but after I entered my information it said there was a problem with the data I entered. I’ve had a capital one money market account maybe 9 months ago and wasn’t targeted. Not sure if it’s because of the previous account or not being targeted.

Joe
Joe

I opened the checking account for $400 earlier this year. I’ve taken the plunge on the money market and will report back what happens.

Gibunono
Gibunono

Joe, any update?

Thanks.

P
P

“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.”

What’s the “or”? Is it significant? Do you get disqualified for the bonus if you open both?

sam
sam

If i have a Checking account do i qualify for the money market promo?

Ferris
Ferris

I already received the $400 Checking and $200 MM bonus earlier this year. Do they ever do specials for the “Savings” which is different than the MM?

captainsave
captainsave

Already got the bonus for saving and checking. Just signed up for the MM.

nate
nate

Is there a promo code? Or just follow the link?

Chap
Chap

Are these once a life time? I thought previous 360 promos were always once a life time or am I incorrect and you can churn these as long as you do not have a 360 account currently open?

RB
RB

I just called in and was told that I would not be eligible for this MM offer because I have a 360 checking account. She explicitly said that this offer was only for people who did not have any 360 accounts. I would proceed with caution for all those jumping on this.

dave
dave

does the money need to sit in the account till the bonus posts?

john mccann
john mccann

If you’ve had an account with them before-you can’t get these bonuses.

nickpete
nickpete

That explains why they wouldn’t accept my information!

Thanks

Jason
Jason

I’d feel better about the chances of success for existing account holders (adding money market for the $200) if there were a promo code for the funding screen. Without that, I think it is quite likely this promo will only work for straight up new customers.

Joe
Joe

I alredy have a 360 Checking but decided to try it anyways. opened with 1100 funded with chase. will report if i get bonus.

Kola
Kola

Is there a promo code that appears on the funding page for those with new accounts?

Jack
Jack

Not sure if this is what you’re asking, but when you are setting up a new account it gives you a promo code “BUN875” autofilled. Also, as far as whether this will work with a previous Capital One 360 acct, I signed up for the 300$ 360 checking offer two weeks ago (but not savings act offer) and was also able to sign up for the money market account yesterday. I have obviously not received the bonus yet, so I am not certain that it will pay out, but it looks like everything is fine so far.

Jack
Jack

However, with S/O account I am seeing “code not valid” so today I am second guessing myself and I am not sure that mine didn’t give me the same warning..

dogmeat
dogmeat

$200 + $200 deal from direct link above populated promo code field with CRJ100.

dogmeat
dogmeat

Oops spoke too soon. Clicked Next and “Promo code not valid”.

Demitri
Demitri

Can someone clarify this:
“These cash bonuses are only available to you if you received our offer in the mail.”

How does the system check if I’m targeted or not ?

stingerzing
stingerzing

They probably have a database of names, addresses, and social security numbers where they mail those flyers. If what you enter does not match up, you probably won’t qualify for the bonus.

Mr. PTM

Doesn’t match with recent data points on other CO bonuses but cool speculation.

Meri
Meri

I talked to someone and it is targeted for a certain area in New England and for areas where CO branch has closed.

Brandon
Brandon

Subscribed!

Adrian
Adrian

Opening a 360 checking back when they had the PLUS400 promo. Closed it shortly after they confirmed I wouldn’t receive the bonus for not being targeted.

Just opened the MM yesterday, trial deposits confirmed and $1k sent today. Not holding my breath but it’s worth a shot. If not, I’ll just close this one too and be done with Capital One for good.

From 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 me this means targeted (YMMV as always with them) and that you cannot have an existing checking, MM, or savings meaning CURRENTLY open. Doesn’t say anything about previously having account, in last 12 months, lifetime language, etc.

Brandon
Brandon

Does the MM signup need a promo code? Current Checking account holder giving it a try.

James
James

There’s no promo code or anything and that page just brings you to the normal sign up application

I don’t think it’ll trigger the bonus unless you got it in the mail.

Matt
Matt

I never get this kind of mail 🙁

John
John

Got $200 MM PROMO for $10K earlier in year. Act. closed. Looked @ applying for both, but since it’s someone else’s targeted application did not apply thru it. Called them & was told it is targeted either via snail mail or email sent out monthly. Kinda would like to @ least try checking for $1K deposit thru link above, but as mentioned it’s not targeted for me & after reading above some indicated “if you ever had a previous Cap One 360, then you’d be disqualified. Any thoughts?

MichaelN
MichaelN

Did anybody receive a bonus yet for this?

alex
alex

I called in regarding my existing 360 checking and the agent confirmed that I am eligible for the 200 bonus if I opened money market.
In case anyone else is in the same situation.
Use code 200SMART

MP
MP

That’s very interesting, Alex. Thank you. I guess I’ll call myself.

Mike P.
Mike P.

That promotion has different requirements ($10,000 in deposits) but it may be worth doing for those of us who leapt without looking.

Adrian
Adrian

Has anyone received this bonus yet? What’s CO’s typical turnaround time for bonuses, are they batch processed?

My $1k posted last Thursday and just curious. Probably won’t get it though like the last time.

Josh
Josh

mine posted 1 day after brokerage (not checking) push from schwab. See other thread: https://www.doctorofcredit.com/capital-one-300-checking-200-money-market-bonus-available-nationwide/#comment-459840

Adrian
Adrian

Hm, yeah. I’m seeing multiple DPs saying they received their bonus the day after DD posts from Schwab brokerage account.

Figures. Didn’t get the PLUS400 bonus and now this one.

Guess I’m definitely not targeted even though I have a 4 year old Quicksilver CC with them.

Joe
Joe

For the PLUS400 bonus, my Schwab transactions posted on 7/11 & 7/12 and I didn’t get the bonus till 7/20.

howard
howard

sorry if this was answered elsewhere, but was it for the 300+200 last time or was it for the 200+200 this time? thanks!

CharlieAlpha
CharlieAlpha

I got a message to cal because “there is a problem with the data you provided”. Turns out that I didn’t receive the offer but the big deal apparently is that way back in the dark ages of the internet, I had a Netbank checking account.

Andrew
Andrew

Like Joe, I opened the checking account in July for $400 earlier this year.I was not targeted, but still received the bonus. I’ve taken the plunge on the money market and will report back if anything happens.

Gibunono
Gibunono

Any update, Andrew?

Andrew
Andrew

Nothing yet. I moved 1.5k from Citi into the money market account and still no sign of a bonus.

Matt
Matt

Did two DD from employer.
Opened: 7/13/2017
1st DD: 08/07/2017
2nd DD: 08/14/2017
Cash Bonus: 08/16/2017

So are these capital one accounts very churnable? I understand there are no early termination fees, so would it be safe to ACH the funds into another account and close it at this point?

Preserve
Preserve

Capital One bonuses are usually once per lifetime. Which promotion did you do – the $200 + $200 does not require DD so I feel like that is not the one you tried?

Matt
Matt

My mistake, you are correct. I did the recently expired bonus for $300 360 checking. However I believe the termination terms are the same besides the funding amount. I just wanted to get someones input if its safe to close the account right after the bonus posts. Don’t want to experience what a bonus clawback is like.

Jenny
Jenny

Ha ha, Matt! Bonus clawback. Now that is funny! (Only if it never happens)

Peter
Peter

Looking for any DPs for folks who have had in past Cap One 360 checking accounts which are active or inactive and are able to qualify for this $200 Money Market bonus.

Julia
Julia

Has anyone received their bonus for this new promo even if you had 360 Checking and Money Market accounts in the past and closed them? Please keep us updated if you’ve had any luck.

Charles
Charles

Both my SO and I tried to apply for the Money Market option. After we put in personal info – it tries to verify and a screen appears saying “we can’t verify your info…. ” “please call ….”. Has anyone else gotten this?

Bo
Bo

Has there been a change of wording from “If you have ever had …” to “If you currently have …”?

MichaelNEL
MichaelNEL

my deposit drops tomorrow i will post if i get the bonus anytime soon.

Kala Nelson
Kala Nelson

Just opened a capital one account, will update.

Christopher
Christopher

My $1,001 deposit to the Money Market account posted on Aug 10. It doesn’t look like I’m going to get the $200 bonus.

I received the $300 Checking bonus and $200 Savings bonus a month ago, so perhaps that is what disqualified me.

No
No

Don’t think anyone who isn’t specifically targeted got the bonus…

Radar
Radar

Did anyone get the bonus for this specific promo?

Julia
Julia

Not yet. Have to wait at least 10 weeks after making a 1K deposit. We’ll update shortly.

Simba
Simba

This link does not need a promo code, correct?

MP
MP

Well, I called today to see if I’m eligible (I have a regular CO money market account). At first the rep acted as if she didn’t understand what I was talking about. When I told her about the link, she asked me how I found it. I was vague – just told her I came across the link when searching something about CO. Then she said that the offer was sent to some people via either mail or e-mail and some of them post it online (which is really the case). She claimed that neither she nor any manager can offer me this bonus even after I explained my dissatisfaction with CO. She also said I may or may not receive it in the future and that’s it.

Simba
Simba

Thats why you shouldnt call. Pls dont ruin it for others by bringing their attention to this link.

MP
MP

I never said where the link came from. Besides, why go through the trouble of opening the account if you’re not going to gain anything. While I do agree with not calling in some cases, I don’t think that’s one of them.

jack
jack

Quick question.
i applied for saving account. the promotion code is 200SMART.
when i applied for 360 checking account the promotion code is the same, then it shows the promotion is not valid. I called their customer service. they told me that 200SMART is only for saving.
so is anyone has some problems?
or they have different promotion code for checking?

jack
jack

BTW, i used promotion link to open a checking account.

Matt
Matt

So when I did the expired 360 checking account. After my DD posted, and the bonus posted immediately after. Different deal then this but still the same institution. Still, I’m hopeful 🙂

dmoney
dmoney

Can you clarify your comment for me? Are you saying you just used the expired 360 promo code and still got the bonus? dates? Would definitely like to try that if it worked.

Doll
Doll

No bonus so far. Have deposited 1000$ each on aug 25th. New customer to 360 accounts.Used this link to open

Radar
Radar

deposited 1000$ each in both accounts on Aug 23rd. Just received interest but no bonus yet

Radar
Radar

new customer to 360 as well.

P
P

Still no dp of people getting bonus? Expires end of the month.

Peter
Peter

Checking on any successful Money Market DP. I haven’t come across any so far with this C1 campaign. I would assume that a good 4 weeks have gone by since folks funded the $1K.

Ella
Ella

I already have a 360 checking, can I apply for the money market to get the bonus? Thanks

P
P

This offer seems to be YMMV. You might not get it if you’re not targeted. Waiting for DP of people getting bonus.

Rekha
Rekha

Capital one no bonus as of see 12th.

Rekha
Rekha

Sorry sep 12 th

Ryan
Ryan

Is the $1000 Direct deposit or just deposit (i.e. can I transfer from Chase and that will count as deposit?)

Radar
Radar

Just deposit. Not direct deposit. May be they will release bonuses in batch later? Dont know. Still waiting. Anyone targetted received their bonus?

Meri
Meri

I put 1,000 in early Sept and have not seen any bonus. But, I found out it is for areas where the branch is closing. I do not even have one located in my area. I will still leave the money there and see.

Peter
Peter

Reposting my earlier Post since deadline for this promo is Sept 30th

Looking for any DPs for folks who have had in past Cap One 360 checking accounts which are active or inactive and are able to qualify for this $200 Money Market bonus.

Ralphy Boy
Ralphy Boy

Doesn’t look like we’re going to hear from anyone who opened an account when this was first posted on August 9 before the last day to sign up this Saturday, September 30.

Since the terms state the bonus may not get deposited for 10 weeks after terms and conditions are completed, that puts the first of the bonuses being deposited well into October.

Oh well, hopefully those that do get the bonus in October post it here, that will at least give some data points for the next Capital One bonuses that are sure to come.

Radinator
Radinator

Does anyone know if the $1000 deposit has to sit in the account?. Can I put 1000 in and then use it to pay off my bills?

Meri
Meri

Ok, so it is targeted to people where a branch is closing. So it may not work for just anyone. There is no code needed.

Michael J Nel
Michael J Nel

It says in the terms “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.”

So hopefully this is why its taking so long to get the bonuses.

Doctor Jelly
Doctor Jelly

My last account deal is free and clear to close as of yesterday. Let’s see if I can get the transfers into this deal under the wire! Hopefully they don’t deny me the bonus if it goes through by the 30th…

Doctor Jelly
Doctor Jelly

Annnnddd nope. Called, and they won’t clear in time. Additionally, the lady implied that without a code entered that it wasn’t going to happen anyway…

Peter
Peter

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.

Ralphy Boy
Ralphy Boy

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.

Peter
Peter

Haven’t seen any DPs yet, it’s been past 10 weeks.

RalphyBoy
RalphyBoy

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.

ADRIAN
ADRIAN

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.

Floyd
Floyd

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.

Adrian
Adrian

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…

radar
radar

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

radar
radar

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

davis
davis

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.

LAG
LAG

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.

LAG
LAG

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.

kaorin4218
kaorin4218

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

Floyd
Floyd

Awesome DP!! I’m going to try calling too… Fingers crossed!

Floyd
Floyd

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?

kaorin4218
kaorin4218

because I never got mail and I was never contacted by capital one.
I called (877) 383-4802.

Floyd
Floyd

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!

Brian K
Brian K

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!

Brian K
Brian K

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.

Eric
Eric

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

Mike
Mike

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.

Back to Top ↑