Capital One 360 $500 bonus

[corn18]

SA may have brought me a nice $500 pickup. Saw this banner ad today on SA:

https://home.capitalone360.com/lp-savingsbonus500?utm_source=236146&utm_medium=63076194&utm_content=118398719&utm_campaign=8757900&gclid=CLu4h9OBp8cCFdgQgQodQOwECg

Open an account, deposit $50k, leave it there for 90 days and they give you $500. And it's .075% after that. That's better than the interest I am earning on my EF money right now. Thinking I might have to do this. How do I transfer $50k in 10 days, thought? My bank only allows $2,500 / day in EFT's.

Tom

[scfr]

My bank only allows $2,500 / day in EFT's.

Tom

Wow. That's bad. Might be time for a new bank.

[ESMonitor]

SA may have brought me a nice $500 pickup. Saw this banner ad today on SA:

https://home.capitalone360.com/lp-savingsbonus500?utm_source=236146&utm_medium=63076194&utm_content=118398719&utm_campaign=8757900&gclid=CLu4h9OBp8cCFdgQgQodQOwECg

Open an account, deposit $50k, leave it there for 90 days and they give you $500. And it's .075% after that. That's better than the interest I am earning on my EF money right now. Thinking I might have to do this. How do I transfer $50k in 10 days, thought? My bank only allows $2,500 / day in EFT's.

Tom

That's awesome. Thanks for sharing. I agree with scfr; your bank should do better than that.

[kork13]

What bank do you have? If it's anything worth its salt, you just need to call them. They can set up & authorize (with a manager's approval) transactions at least in excess of $10k. Above that level requires IRS reporting, but it's still totally doable. Talk to your bank, it shouldn't be a problem. I've done transfers for $25k in the past, it just requires some time on the phone (or in your bank's local branch)

[corn18]

Capitol One seems confident they can extract $50k from my bank so I'll see how they do.

[Spiffster]

SA may have brought me a nice $500 pickup. Saw this banner ad today on SA:

https://home.capitalone360.com/lp-savingsbonus500?utm_source=236146&utm_medium=63076194&utm_content=118398719&utm_campaign=8757900&gclid=CLu4h9OBp8cCFdgQgQodQOwECg

Open an account, deposit $50k, leave it there for 90 days and they give you $500. And it's .075% after that. That's better than the interest I am earning on my EF money right now. Thinking I might have to do this. How do I transfer $50k in 10 days, thought? My bank only allows $2,500 / day in EFT's.

Tom

Wow, thats a great deal for the bonus, and I guess .75% is not bad depending on how much you have to deposit. My CU is hooking me up with 1.25% (up to 25K) on my checking account though. (AAFCU) I cant find any other bank that will even come close to that these days...

[ExcuseMyIgnorance]

Why do you have $50k liquid? Emergency fund? Just got out of the stock market? Just sold something?

[corn18]

Yup, emergency fund. If I need it before the 100 days is up, then I miss out on my $500. Actually, I have enough other liquid funds (car fund, college fund, etc...) that I could cover 100 days of EF if I needed to.

[corn18]

Capitol One seems confident they can extract $50k from my bank so I'll see how they do.

CapitalOne was successful. 90 days, $500. That will go into the vacation fund for next year.

[scfr]

CapitalOne was successful. 90 days, $500. That will go into the vacation fund for next year.

Congratulations! If you decide to pursue more bank bonuses later the web site DepositAccounts.com is the place to look.

[Joan.of.the.Arch]

If anyone else is interested in pursuing this Capitol One 360 bonus, they also offer the 1% bonus at lower deposit amounts. I had an ad in the mail from them yesterday.

[Drake3287]

Agree, great tip. Easy way to make a quick $500. for transferring some cash. As for the question about why anyone has $50,000. laying around in cash, I tend to keep around 20% of my investments in cash. If things go to s**t, I still have my $200,000 in cash. (and having a pension helps)

[FrugalTexan75]

You might want to take a look at Liberty Trust Credit Union = they have a checking account that pays 2.5% interest (up to 25k) if you meet some stipulations (1 direct deposit a month, 1 online bill pay a month, 12 debit transactions a month)

[Drake3287]

Just closed my $50,000 Wells Fargo account making a whopping .25% in order to get this $500. bonus plus a better rate. Wells Fargo guy couldn't blame me. Luckily the rest of my cash is also earning a much better rate.

[creditcardfree]

Darn! I already have a CapitalOne Savings account, thus not eligible (see fine print) I probably could have made $400 on a $40K deposit.