Posted by William Charles on June 16, 2017
Bank Account Bonuses

Published on June 16th, 2017 | by William Charles

27

[Expired] [LA, NY, NJ, CT, TX & In Branch] Capital One $400 Savings & $200 Checking Bonus

Deal has now expired, click here to view the best checking/savings bonuses

Offer at a glance

The Offer

Direct link to offer

  • Capital One is offering bonuses of up to $600 for opening new checking/savings accounts when you mention promo code NF9:
    • $400 for opening your first Essential Savings account and depositing $50,000 or more. APY for this account as follows (thanks to reader Michael.
      • $0.01-$10,000: 0.1% (bonus rate of 0.10% for first 6 months)
      • $10,000.1-$1,000,000: 0.8% (bonus rate is 1.10% for first six months)
      • $1,000,000.01+: 0.5% (same bonus rate for first six months)
    • $200 for opening your first High Yield Checkng or Essential Checking account and completing two direct or mobile deposits within 90 days of account opening

The Fine Print

  • Open your first Capital One Bank Essential Savings account and deposit at least $50,000 by 06/30/17 11:59 p.m., ET. You’ll receive the $400 cash bonus in your savings account approximately 6-8 weeks after completing the above conditions.
  • Open your first Capital One Bank Essential Checking or High Yield Checking account and deposit at least $50 into your Essential Checking account or $500 into your High Yield Checking account by 06/30/17 11:59 p.m., ET. Receive two direct deposits or make two mobile check deposits within 90 days of account opening. (Direct deposits can’t be from a tax refund or from a payor that won’t allow them.) You’ll receive the $200 cash bonus in your checking account approximately 6-8 weeks after your direct or mobile deposits are completed.
  • These offers are only available for new customers and cannot be transferred.
  • If you’re an existing or former 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. Each customer is eligible for only one checking account opening bonus and one savings account opening bonus.
  • These offers are only available in Louisiana, New York, New Jersey, Connecticut and Texas.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There are no monthly fees on this account and no early account termination fee.

Our Verdict

There is a $400 checking bonus people have had success getting, there is also a money market bonus for $200. Bonus on the essential savings account looks new, but not sure if they just use esssential savings instead of the money market account in select states. The interest rates on balances of $10,000.01-$1,000,000 (1.1% for first six months) aren’t terrible to other basic high interest accounts.  To trigger the bonus you’d need to deposit deposit $50,000 and then can withdraw it (you will need to wait a minimum of 10 days). Pretty good deal, so we will be adding this to our list of the best saving account bonuses.

I’d pass on the checking bonus but savings bonus might be useful. Share any DPs or anything else you know in the comments below.

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

Useful posts regarding bank bonuses:



27 Responses to [Expired] [LA, NY, NJ, CT, TX & In Branch] Capital One $400 Savings & $200 Checking Bonus

  1. Jacob says:

    I have already completed the Capital One 360 $400 checking & $200 Money Market. Would I still be eligible for this offer since this is for Capital One and not Capital One 360?

    • Chris says:

      I’d like to know about this as well. But it looks in the info above, that we are ‘supposedly’ excluded.

      • HarryTheFirstHarry says:

        C1360 used to be ING and different from C1 B&M. If seen that way C1360 customers may not necessarily be existing customers to B&M C1 and this product which they call Essentials is essentially a B&M product that you cannot open online which is why there is no info for online opening. That said, I do not have a hard DP and I would like to know as well. I might just try since there is a branch just down the road that I pass by everyday and I will report back.

  2. Li says:

    If there is no minimum requirement of DD? Say in the website:
    $200 High Yield Checking or Essential Checking bonus:

    Open your first Capital One Bank Essential Checking or High Yield Checking account and deposit at least $50 into your Essential Checking account or $500 into your High Yield Checking account by 06/30/17 11:59 p.m., ET.
    Receive two direct deposits or make two mobile check deposits within 90 days of account opening. (Direct deposits can’t be from a tax refund or from a payor that won’t allow them.)
    You’ll receive the $200 cash bonus in your checking account approximately 6-8 weeks after your direct or mobile deposits are completed.

    Anybody can specify the mobile check deposits?

  3. Dave says:

    So anyone that has had any Capital One products before or currently are ineligible for the bonuses, correct?

    • Peter says:

      Yes that’s what I took from it. Seems strange if even a 15 year old C1 credit card would disqualify my better half from this offer.

  4. lynn says:

    to be eligible you have to open saving AND checking. Can I just open checking and get bonus because since saving you need to put in 50k?

    does anyone get bonus just for checking?

    thanks

  5. steve says:

    Can I close my current Capital One 360 account and open a new one to get the bonus? ive gotten a sign up bonus from them before

  6. Gerald says:

    For the checking account, it says “complete two direct deposits or mobile deposits within 90 days of opening your account.” The way I read that, there is no requirement for a direct deposit. I’ve done a similar deal with Capital One, and all I had to do to get the bonus was use their app to deposit two checks.

  7. noturbizniss says:

    I am only seeing an option to “Visit a nearby location to open an account”
    Not seeing the option to open online…

  8. remy stern says:

    I opened a Capital One credit card about 10 years ago. Does this mean I’m disqualified?

    • noturbizniss says:

      Probably. I tried opening the checking account today and got error. I called they said I had closed an account with ING direct in 05 and my info didn’t match that. Also that I wouldn’t get the bonus.

  9. Jay says:

    Positive DP for ACH push from Schwab Brokerage:

    – 06/12: Account opened and funded
    – 06/12: Initiated trial deposit verification from Schwab Brokerage account
    – 06/13: Confirmed trial deposit amounts, and scheduled the two ACH pushes a few days apart.
    – 06/15: First ACH push posts to account.
    – 06/19: Second ACH push posts to account.
    – 06/22: Account opening bonus posts to account.

    The Schwab Brokerage deposits posted as:
    “Transaction Type:Deposit
    Info:Moneylink
    Appears on your statement as:
    Deposit from SCHWAB BROKERAGE MONEYLINK”

    • Jay says:

      Damn, actually meant to post this in the $400 ‘targeted’ checking bonus thread.

      Well, I guess this can still be a DP if anyone decides to use this instead of mobile deposits as a way of qualifying for the bonus, lol

  10. Adam says:

    Just stopped by a branch in Austin, TX. They said it’s not available

    • Natalia from New Orleans says:

      Hey Adam,
      I went to branch here in New Orleans and they NEVER heard of this offer.
      I literally had to retrieve information from their own website using my smart phone to educate them on the offer.

  11. Is the CO360 Money Market Savings considered a separate account from the Essential Savings account?

  12. Rick says:

    The offer is non transferable. I just tried to open the ESSENTIAL savings for 400$ and they would not allow me. You have to have received an INVITE for this promotion. Sounded too good to be true. Read the fine print on the bank offer.

    • SamSimon says:

      They didn’t mention in terms and conditions about INVITE…. hope they will extend the offer, will apply….. I just saw this offer – strange they just give 2 weeks to open and fund! June 15 – June 30

  13. bmanamex says:

    DP: I closed my Capital One 360 Checking account from a different offer through the Chat Now window.

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