Posted by William Charles on July 23, 2017
Bank Account Bonuses

Published on July 23rd, 2017 | by William Charles

417

[Expired] Capital One $300 Checking & $200 Money Market Bonus – Available Nationwide

This bonus has expired and is no longer available. Click here for other bank promotions.

Reposting this as we now have datapoints of people receiving the bonus even if they weren’t targeted and even if they don’t have a Capital One credit card.

Apparently you will see the following during the sign up process:

Remember, you must meet all eligibility requirements to receive this bonus. You must have received an email, mail piece or notification directly from Capital One with the specific promo code. For 360 Money Market, you must deposit at least $10,000 by the offer expiration date listed in the offer disclosures. For 360 Checking you must receive 2 qualifying direct deposits of $250 or more within 60 days of accepting the terms and conditions.

The targeted section has not been enforced before, but YMMV.

Offer at a glance

The Offer

Direct link to offer

  • Capital One is offering bonuses of $200 on a money market account and $300 on a checking account. Both require the use of promo code BUN875
    • $200 money market bonus: Open account and deposit $10,000 by July 31st, 2017
    • $300 checking account bonus: Open account by July 31st and receive two direct deposits of $250 or more within 60 days of account opening

The Fine Print

  • These offers are only available for new customers and cannot be transferred.
  • If you’re an existing Capital One Bank or Capital One 360 customer or a Capital One Associate you won’t be eligible for the bonuses. To receive any of these cash bonuses, your account 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.
  • $200 360 Money Market account bonus: Open your first Capital One 360 Money Market account online and deposit at least $10,000 no later than July 31, 2017, 11:59 p.m. ET. Capital One will deposit the $200 cash bonus into your money market account approximately 6–8 weeks after you accept the account terms and conditions.
  • $300 360 Checking account bonus: Open your first Capital One 360 Checking account online no later than July 31, 2017, 11:59 p.m. ET. Receive two direct deposits of $250 or more each within 60 days of your acceptance of account terms and conditions. Direct deposits must be an electronic deposit of one of the following: your paycheck from your employer, Social Security/pension or other government benefits. Direct deposit is subject to employer or other payor options. Capital One will deposit the $300 cash bonus into your checking account approximately 6–8 week
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

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

Our Verdict

Savings bonus isn’t new, but $300 for checking is. There used to be a $400 bonus that was targeted but that’s no longer offered. If you’re eligible for the checking bonus or savings bonus then I’d definitely recommend them as it’s quite easy to meet the bonus requirements and no monthly fees to worry about either. For the savings bonus the best part of this bonus is that there is no minimum length the $10,000 needs to be deposited for (ACHing in & out smaller amounts has worked in the past). These are being added to our list of the best checking and savings account bonuses.

Hat tip to anonymousmouse2 on /r/churning

Useful posts regarding bank bonuses:



417
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Klad
Klad

So if I did the MMA bonus in May I am not eligible for $300 Checking?

joE
joE

Sounds like you just can’t go wrong with the checking account and just keep it for when you want to “try” doing misc activity and not wanting to use your primary account.

Austin
Austin

So if you’ve done a money market account for a bonus but never done checking, you should still be eligible for the checking bonus, right?

MoreSun
MoreSun

I was! New customer, got both bonuses this year.

Pablo
Pablo

You signed up for one account and then a few months later signed up for another account and was able to get both bonuses? If that is the case, maybe I’ll try my luck for the checking bonus account since I already opened up the money market one a few months ago and got that sign up bonus. Thanks for the DP!

MoreSun
MoreSun

Yes. I got the MM bonus and the checking bonus same year. The details said “first checking account” and “first savings account”.

Pablo
Pablo

Thanks MoreSun! Yeah I thought so too and was thinking about getting the checking account since it says it separately there but wanted to double check due to another part in the terms and conditions that just simply states that you cannot be an existing customer.

Vijay
Vijay

If I had closed a 360 checking account 3 yrs back, will I be eligible for this bonus if I open now?

J
J

nope, cap one is one checking account bonus per lifetime.

RTC
RTC

Will having a capital one credit card shut you out of the $300 bonus?

Brent
Brent

It didn’t prevent me from getting one. I’ve had a capital one card for almost a year when I took advantage of this bonus a few weeks ago. I actually created my bank account using my existing log in for the credit card. Bonus just posted after two direct deposits.

Preacher
Preacher

Will a direct deposit from RobinHood work, like it does for Chase checking?

Rab
Rab

Is capital one bonus only available once per lifetime?

Gibunono
Gibunono

Want to ask the same question.

One of the blog’s authors, sirtheta, said yes. However, I personally cannot find any DP to corroborate it.

Gibunono
Gibunono

According to the landing page, the targeted part seems to be strict and clear. However, how Capital one defines an existing customer is unknown and the only reason that the once per lifetime rule could be enforced is that the system is hardcoded for individual SSNs, which means you become an existing customer forever once you are approved for any of their deposit checking products. For other banks they require you don’t currently hold an account and your last bonus/account were got a certain period ago.

What is a little bit contradictory is that many DPs show the checking account and money market account can be opened at different time without any problem getting both bonuses separately. There might me some more complicated rules they hard code the existing customer.

“These offers are only available for new customers and cannot be transferred. If you’re an existing Capital One Bank or Capital One 360 customer or a Capital One Associate you won’t be eligible for the bonuses. To receive any of these cash bonuses, your account 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.”

sirtheta

Yes, but the terms on this offer are slightly different from normal. All the other offers have contained terms excluding previous orb existing customers with this type of language (for the 360 Money Market):

“(If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING Direct before or are a Capital One Associate, you won’t be eligible for the bonus.)”

(substitute checking products for 360 Checking)

Marvin Santiago
Marvin Santiago

I just opened account using the 400 promo code for MA residents (im in california). aaaaaaah If i only waited. should i call them to use this code? or is that a bad idea

artgriego
artgriego

Seems bad as either way you weren’t targeted

marvd00d
marvd00d

yeah. there was enough data points that people were gettinge the bonus so I gave it a shot. I’ll see what happens after my second deposit!

marvd00d
marvd00d

Just a DP, I got the targeted 400 dollar bonus from the MA/Boston targeted offer 4 days after my second DD. I’m located in CA

S
S

Bad idea.

Mendel
Mendel

would existing customer include having or had their credit card?

artgriego
artgriego

my understanding is no, have never heard DP of that, but DoC says YMMV above

hardy
hardy

I have capone credit card, capone checking a/c & capone360 savings a/c.
I m thinking to close checking & 360 savings a/c now & then open new Checkin & Money market ac….
in order to get this $500 yummy bonus…………

Bob Newbie
Bob Newbie

My GF only has Chase/PNC.. don’t see any data points for those.
Any recommendations on what account she can open QUICKLY, fund, and then make the transfers over to Capital One?
Fidelity? Vanguard?

artgriego
artgriego
Bob Newbie
Bob Newbie

I’m aware but that didn’t really answer my question. I asked for recommendations based on those data points on which one I would be able to open and fund the quickest.

hardy
hardy

opening new a/cs on 31st july………….

Any thoughts on my idea? please share your comments

Harry
Harry

Normally I would say not to wait until the last day but In this case, I have to open the checking account on July 31 in order to meet the 60 day requirement for the direct deposits (for two “real” direct deposits that would post on Sept 1 and again on Sept 29). That would be exactly 60 days if they start the timer on Aug 1 and I can’t change that.

Will try other types of direct deposits during the 60 days but based on the other threads involving Capital One, seems like it is hit or miss as to what works for a direct deposit.

S
S

Banks sometimes delay account opening while they verify your identity so bad idea.

Student of Credit
Student of Credit

I had an Ing Direct saving account (probably checking account as well) many years ago. Am I still qualified for the bonus??

Charles
Charles

For the Market Savings Bonus, Can I just deposit $10,000 and take the money out the next day and I still qualify for the bonus??

MoreSun
MoreSun

I think when I did it they put a 10 business day hold on my 10K. Couldn’t transfer money out until that was done (but it did earn the interest).

Back to Top ↑