Posted by William Charles on November 7, 2017
Bank Account Bonuses

Published on November 7th, 2017 | by William Charles

48

[Expired] [YMMV] Capital One $200 Money Market Account Bonus

This checking bonus has expired and is no longer available. Click here for a list of the best checking bonuses.

Originally posted on 11/3/17, reposting on 11/7/17 because readers have reported getting the e-mail and the offer code seems to be working now (it wasn’t previously). Thanks to readers Will K & Douglas L

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, but people are still waiting on their bonuses from the last promotion.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Nationwide, but does contain targeted language (not enforced in the past)
  • Direct deposit required: None
  • Additional requirements: See below
  • 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
  • Expiration date: December 31st, 2017

The Offer

Direct link to 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 SAVE200
    • Deposit $10,000 or more by December 31st, 2017

The Fine Print

  • To qualify for the $200 bonus, deposit at least $10,000.00 from a non-Capital One account no later than 12/31/2017 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 or are a Capital One Associate, 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 quality 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. There is also no minimum deposit length which is nice. Personally I’d recommend waiting a bit as at the moment it seems like maybe they did start enforcing the targeted language in the last promotion, but maybe they just haven’t posted any bonuses for that yet. For now I won’t be adding this to the list of the best saving accounts bonuses.

Hat tip to Danny Deal Guru

Useful posts regarding bank bonuses:



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Grant

As soon as I’m done with the Discover AAA and AAII savings account bonuses, I will move some money over to Capital One to see if I can trigger the bonus 🙂

Jimbo
Jimbo

Tried the promo to open an account but is says the promo code is invalid. I did not get a targeted e-mail so that maybe the reason.

JZM
JZM

I just had online chat with C1, C1 customer representative confirmed this offer has no State restriction, and you could receive bonus even you don’t have targeted email/mail offer as long as you meet other requirements.

kirk
kirk

problem is the promo code won’t attach during app. *sigh*

kirk
kirk

got the same thing. “The promo code you have entered is not valid.”

i didn’t finish the app. question, was i ‘hit’ with a chex inquiry then?

kirk
kirk

i’m guessing not since i didn’t finalize the app.

Flame
Flame

I got a different email and code on 10/26 to open a Money Market account by 10/31 and fund 10k to get $200 – email said the same thing – targeted – I did that – money moved from my account on 10/27, bonus posted on 11/1! Fastest $200 that i got!

Lucheska
Lucheska

“The promo code you have entered is not valid.” Anyone finding a way to get around this?

Elena
Elena

I got $200 on a previous MM account promotion even though I wasn’t targeted, but they were giving me a hard time on a checking account bonus (saying I have not received the offer in the mail). Apparently they can “see” all the offers linked to your name, but there are also nationwide offers and you might be eligible for one of those… At the end, I was able to HUCA and get a nice rep who was willing to post my checking bonus, but it did take some convincing and sweet talking.

Grant
Grant

I had the opposite experience. Received the checking account bonus very quickly but never received the MM account promo. Wasn’t targeted for either.

SS
SS

same deal, applied and it prepopulated SAVE200 code on app but then said:

The promo code you have entered is not valid

Anyone willing to share the targeted mailing code? Is it something generic or standard phrase like the SAVE200?

SS
SS

also saw a MY200 code posted to another site…that didn’t work either…

kirk
kirk

anyone able to open or have seen positive DPs for this new SAVE200 promo? pls share. tia!

either cap1 have ‘wisened’ their system (rejecting non-targeted people outright) or SAVE200 promo is ‘broken’. i’m hoping the latter.

Dan
Dan

Yea so the code works now? But people from the previous offer are still not getting their bonuses right? So we should stay away

Chris
Chris

If I clock my MM account and re-open with this $200 offer code, is there a chance I could get it?

Chris
Chris

close*

Dan
Dan

did you try this? any luck?

Jab
Jab

Wondering same thing, but per terms:
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.

NoonRadar
NoonRadar

“because readers have reported getting the e-mail and the offer code seems to be working now”

Did I miss the comments reflecting this?

I also tried to go through the steps, both by auto-login and typing the email address, didn’t see a place to put in the code.

Has anyone with existing capone checking + savings tried one of these?

kirk
kirk

i just tried now. same as before. promo code is not valid.

seems like cap1 is now enforcing the targeted language “You must have received an email or mail piece directly from Capital One with a promotional code.”

bummer!

SS
SS

Were you a prior account holder or a new customer ?

kirk
kirk

i did the cap1 checking $300 bonus. opened 7.31 and closed thru chat on 10.06 this year.

hmm it could be my profile (it says invalid email (???) even when i try to change it). perhaps they might have blacklisted me coz of my hit and run bonus chasing? who knows.

kirk
kirk

=== UPDATE === successfully opened the MM account with the code finally working!!!

i deleted all cap1 cookies on my chrome browser and changed my personal infos around (email, phone #, address). not sure what worked, but it finally went through. i app using email and not ‘old login way’ after changing my email. *still showing my email is invalid though weird.

SS
SS

I was able to apply for a non targeted person as well. I think it recognized the mobile number (I accidentally auto filled it via chrome) so I similarly changed it and also applied the $200 code.

So even though it was a new person and SS#, I think capitalone may be using mobile # as non PII customer tracker, thus noting the bonus code is invalid

SS
SS

Also went incognito browser this time

ChurningFast
ChurningFast

Tried just now, code autopopulated and app went through. Have a Cap One CC and had a 360 checking before, never had a savings product. So can confirm it’s now working, as William said, wasn’t working for me 3 days back. Never received targeted mail btw, let’s see if I get the bonus. Was looking to stash some savings anyway, so the bonus will be a plus.

Jay
Jay

Does capital one ever have bigger sign up bonuses for savings/money market accounts?

I got this email today, so I’ll probably go for it, just checking.

My relationship with them was only a cc about 2 years old, that i never use except for a recurring 8 dollar subscription.

HardTacoKit
HardTacoKit

Just received this email from Capital One regarding the promo code glitch:

This is embarrassing! When you recently opened your 360 Money Market® account, you may have received a message that the SAVE200 promo code was invalid. That was a technical glitch on our end, and we sincerely apologize for any inconvenience it may have caused.

To receive your $200 bonus, just deposit $10,000 or more in your 360 Money Market account by 12/31/2017.

We’re sorry this happened at the start of our 360 Money Market relationship. Keeping you satisfied is very important to us, and rest assured, that’s what we’ll always work to do.

Thanks for your patience.

kirk
kirk

i received the same email but no bonus yet. deposited 10k on 11/21. was expecting it this week (tues-thurs as per previous dps). hoping it will show up next wk. if not, might have to contact them and ‘use’ that email. #tsk

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