Posted by William Charles on November 15, 2018
Bank Account Bonuses

Published on November 15th, 2018 | by William Charles

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Capital One Money Market $200-$1,000 Bonus – Requires Deposit Of $10,000-$150,000+

Offer at a glance

  • Maximum bonus amount: $1,000
  • Availability: Nationwide
  • Deposit Required: $10,000-$150,000+
  • Deposit Length: 10 days from account opening
  • 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 listed
  • Expiration date: December 31st, 2018

The Offer

Direct link to offer

  • Capital One is offering a bonus of up to $1,000. To receive the bonus you must use the promo code VALUE2018 & deposit a set amount of funds within the first 10 days of account opening and then maintain that balance during the first 10 days. The bonus tiers are as follows:
    • Earn a $1,000 bonus for deposits of $150,000 or more
    • Earn a $200 bonus for deposits of $10,000 to $149,999

The Fine Print

  • Open a 360 Money Market account between 12:00 a.m. ET on November 1, 2018, and 11:59 p.m. ET on December 31, 2018. If you have or had an open savings product with Capital One after January 1, 2016, you’re ineligible for the bonus.
  • Enter your promotional code—VALUE2018. (Please do not share this code with others.) This offer cannot be combined with any other Capital One Bank or Capital One 360 new account opening offer. Bonus is only valid for one account.
  • Once the account is opened, you must deposit $10,000 or more from another bank (transfers between Capital One accounts will not qualify) within 10 days (Initial Funding Period). Your bonus will be calculated as follows: based on your total balance at the end of the Initial Funding Period; accounts with balances between $10,000–$149,999.99 will earn $200 and accounts with balances of $150,000 or more will earn $1,000.
  • Capital One will deposit the bonus into your account within 60 days after the end of the Initial Funding Period. If your account is in default, closed, or suspended, or otherwise not in good standing, you will not receive the bonus.
  • 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

I don’t actually see anything in the fine print that says this bonus is targeted. It tells you not to share the code, but it doesn’t say anything about having to have received a mailer to be eligible (and Capital One does usually specify this). Balances over $10,000 will earn a 2% APY. You basically just need to put the funds in the account for a day or so towards the end of the first 10 days to qualify for the bonus. The problem is that most people won’t have a spare $150,000 in liquid funds that they can just quickly move across. If you do, then this bonus is worth doing. Previous offers have been for $200-$600 or $500. I’ll be adding this to the best savings bonus page but with the caveat that only the $1,000 bonus is worth doing and that requires $150,000.

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

Useful posts regarding bank bonuses:



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Why do you think only the $1,000 bonus is worth doing? Dropping $10,000 for a week for a $200 bonus seems pretty good to me! Also I a lot more people could do that one.

HarryTheFirstHarry
HarryTheFirstHarry

C1 offers are usually once for life. So if you do this now, you wont be eligible for a higher offer that could come by in the future. Possibility if a higher bonus with lower deposit requirements is good considering that it they have had it in the recent past.
That said, this offer does not have specific terms that exclude previous or existing MM account holders. So ymmv I guess…for this case, it will need someone to try it out,.

Previous mm holders ARE excluded, it says after 2016…

Yeah, I had procrastinated the CapOne mailers for years but pulled the trigger for me and DW last month for $500 and stacked with Discover. So I could have been two Chexayatem inquires for $2.,400 instead of $1,400 for P1/P2. Still happy with last month promo.

So $1000 normally takes 2-5 ChexSystems inquires with hoops and Money tied up earning no or meh APR for 30-180 days. This does require $150K that can be transferred within 10 business days but earns 2% with no (DD or 10-12 Visa debits per month). One of the biggest and easiest bonus to with almost no hoops I think I ever seen and not targeted.

It looks like the requirements have changed to prevent the cycling of the deposits.

Just for the sake of comparison:

Assuming your next best use for the money is a 2.25% APY savings account, you take as 0.25% APY hit for 2 months or about $62.50 difference in order to gain the $1000. Unlike some other accounts that pay diddly-squat with their bonus, this one seems worth it (if you have that much, of course). Otherwise the $100k for $600 or $50k for $500 are the next best options.

Looks like it has the same verbiage as the previous ones regarding previous MM account holders:

“If you have or had an open savings product with Capital One after January 1, 2016, you’re ineligible for the bonus.”

Two questions:

How long does the 150000k need to stay in? Only 10 days? Did I read that right?

Can you open up the account before Dec 31st and move the money after, but within 10 days?

Still waiting on the $500 bonus from the deal they offered a couple of months ago for new account and $50K. Straight deposit in mid-September – no cycling- and the money has remained since. Other people who jumped on this quicker reported receiving the $500 within days of meeting the deposit requirement, but no sign of any bonus yet. They also owe me $200 from adding recurring charges to my GM card for a promo they ran in August. Everytime I call they refer the case to “special services”, a blackbox that never responds or adjusts my account. Growing quite wary of Cap One.

Just called and spoke to a rep. She says that I wouldn’t get the bonus if I didn’t receive the offer in mail or email. I said that the terms made no such claim. We just went back and forth and got nowhere.

I want this bonus, but I would hate to sign up, move money, get a lower APR, and then unjustly get denied.

Anyone have more insight?

Exactly what I am afraid of. Stay and wait for more info and dp

Yes, but people won’t know that they are denied bonuses or not until it is too late for others to sign uo.

if you have a secondary account owner on a joint 360 capital, are you eligible for bonus if you open as a primary account owner?

I got the $200 and it went rather smoothly.

Did you receive any targeting (in mail or email?). Trying to figure out Will Everson’s concern above…

Did you receive an email or in-mail targeting?

Does capital one let you pull in 150k during opening funding? Most banks have limit so that’s a lot to transfer in 10 days.

Just do a wire transfer? Or write yourself a check and deposit it in person?

PSA DP:

Before moving on this offer I would check your instution that you would be moving the $150K from I only had one account that I could move this kind of money in 10 days from as an ACH. You could likely wire it from most accounts but it would cost you.

But Check DOC post for DP on some intuition limits “Hub Accounts – ACH Transfers: Capabilities, Fees, and Limits Across Financial Institutions” Last sub-menu of Bank Accounts menu (may need to switch browser to Desktop browser from Mobile if not at a desktop) to see at the Menu’s at top of the page

I just got off the phone with Capital One. Allen, a supervisor, told me that this offer is a targeted offer. He had no idea if the code would work for someone who didn’t receive the specific offer. Sometimes codes work for non-targeted people and sometimes they don’t. That’s a lot of hassle and money to transfer and not get the bonus. No straight answer.

AllwaysLearning22
AllwaysLearning22

IMO, the https://www.doctorofcredit.com/capital-one-200-money-market-account-bonus/ offer is better for the $200 bonus, but you have until 12/14 to have your deposit in. Realistically you should complete it by 12/7 to have no issues. I got it already.

I jumped on this 12/4 and setup 150 pull from Popular Direct. Took a day to verify account. Cash finally transferred 12/13. Was not targeted will let you know if get bonus.

Why did it take so long to transfer?

Isn’t the fact that there’s a public website enough? That website doesn’t say anywhere in the fine print it’s not open to the public.

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