This bonus has expired, click here for other Capital One bank bonuses or here for the best current checking bonuses.
Bonus is back and valid until March 31st, 2018.
Please note the fine print states: You must have received an email or mail piece directly from Capital One with a promotional code. This hasn’t been enforced in the past (e.g last time here)
Offer at a glance
- Maximum bonus amount:Â $200
- Availability:Â Nationwide, but does contain targeted language (not enforced in the past)
- Direct deposit required:Â None
- Additional requirements:Â See below
- Hard/soft pull:Â Soft, as long as you opt out of overdraft protection
- ChexSystems:Â Mixed
- Credit card funding:Â None
- Monthly fees:Â None
- Early account termination fee:Â None
- Household limit:Â None
- Expiration date:Â March 31st, 2018
The Offer
- Capital One is offering a bonus of $200 when you open a 360 Money Market account and complete the following requirements:
- Use promo code GAIN200
- Deposit $10,000 or more by March 31st, 2018
The Fine Print
- To qualify for the $200 bonus, deposit at least $10,000.00 from a non-Capital One account no later than 3/31/2018 11:59 p.m., E.T
- You must have received an email or mail piece directly from Capital One with a promotional code.
- If you currently have or have had a Savings product with Capital One Bank, Capital One 360 or ING DIRECT before then you won’t be eligible for the bonus.
- This offer cannot be combined with any other new account opening offer, and is strictly non-transferable. This offer is not valid for multiple accounts.
- If you qualify for a bonus, Capital One will deposit the bonus money into your account within 60 days of completing the above conditions. Once it’s deposited, the funds will be available immediately. Account must be in good standing (not in default, closed, or suspended, or otherwise not in good standing).
- 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
Cumulative deposits have worked previously to trigger the $10,000 bonus requirement (e.g depositing & withdrawing $1,000 10 times has worked). They did offer a bonus recently that only required a deposit of $1,000 instead of $10,000. They also offered a $500 money market deal as well but that required deposit of $50,000+. It might make sense to just wait for a public bonus to come along, but I’d say the chances of this one working are quite high and the cumulative deposits makes it achievable for most people. I probably won’t add it to the best savings account bonuses purely because of the targeted language in the fine print.
Big thanks to reader, Eduardo S who let us know. Learn how to find bonuses and contribute to the site here.
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