Deal has expired, view the best current checking bonuses by clicking here.
Offer at a glance
- Maximum bonus amount:Â $1,000
- Availability:Â Nationwide
- Deposit Required: $10,000-$150,000+
- Deposit Length: 10 days from account opening
- Hard/soft pull:Â Â Soft, as long as you opt out of overdraft protection
- ChexSystems:Mixed
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None listed
- Expiration date:Â December 31st, 2018
The 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:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
12/19/2018: Opened
12/31/2018: Funded $10k (took a while to verify b/c of holiday’s and weekends)
2/6/2019: $200 bonus posted as “Cha-Ching! New account bonus “
FWIW, account was open 12.10, no problem. Got $1k bonus show up in account 01.25.
Opened my account December 20, 2018. Funds transferred into the account December 24. Received a $1000 bonus on February 6, 2019.
Same here. Is it safe to transfer funds out right after the bonus posts?
Make sure your bank does not have a cap per day or per month on how much you can transfer to an external bank. I have a bank paying 3% promo rate on a mm account for 12 months that only allows 2k per day and 5k per month transfer so I’m stuck with the $200 bonus instead of $1k bonus.
“I have a bank paying 3% promo rate on a mm account for 12 months”
Please share the bank info! Would love to jump on a 3% MM for 12 months!
Your current bank has a much sweeter deal. If you just leave $150k in it for the 12 months you would earn $4,500 vs the $4,000 from CapitalOne offer so you’d be $500 ahead!
You could pull from cap 1.
Has any one received the $1000 bonus for depositing $150,000 using code VALUE2018? or the $200 bonus for depositing $10,000?
Yeah my friend got it. Account opened end of nov. 1k bonus posted mid Jan. Money was left in the account for a month.
Is there good info anywhere about whether this really is targeted (or whether the targeting will be enforced)? I got a $500 Cap1 bonus recently, but for $1K and 2% I could sign up Mrs Redacted and transfer the $150K.
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.
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?
I think it’s b/c I did a pull instead of a push.
Just a follow up…It worked. Got the bonus last week.
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 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.
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
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?
It let you set up the transfer during the account opening process. It had no objection to me requesting a transfer of 150k, and in my experience few banks limit the size of outgoing transfers that are initiated by another bank.