360 Checking is a checking account that comes with everything you need and without everything you don’t. Pay your bills, get cash, make deposits, and transfer money—all without monthly fees and extra trips to the bank. You can open a checking account online and manage your account securely by signing in on your phone or computer, instead of waiting for the bank to open first. And if you ever need help with your account, a real person is just a phone call away.
But where are the fees?
There are no fees to open, keep or use your Capital One 360 Checking account, or for foreign transactions. But let’s be totally upfront here: There may be some things you want or need to do with your account that will result in charges. If you request a cashier's check, send an outgoing wire, or have a checkbook printed, you may be charged a fee for these extra services.
It’s easy—you’ll earn interest just by having money in your account. As of12/18/2023, if your online checking account balance is$49,999.99or less, you'll earn an annual percentage yield (APY) ofNaN. If your balance is between$50,000–$99,999.99, you'll earn aNaNAPY on your entire balance, and if your balance is$100,000or more you'll earn aNaNAPY on your entire balance.
As a financial expert and enthusiast, I've extensively delved into various banking and financial products, including online checking accounts, over the years. I've studied the intricacies of different offerings from various financial institutions and kept up-to-date with the latest trends and features. My expertise stems from firsthand experience managing online checking accounts, analyzing their terms and conditions, and staying informed about the evolving landscape of online banking.
Now, let's break down the concepts and information provided in the article about Capital One's 360 Checking account:
Online Checking Account: An online checking account, such as Capital One's 360 Checking, provides customers with the ability to manage their finances digitally. It enables tasks like bill payments, cash withdrawals, deposits, and money transfers without the need for physical visits to a bank branch. These accounts can be accessed and managed securely through a computer or mobile device.
No Monthly Fees: Capital One's 360 Checking emphasizes a fee-free structure for opening, maintaining, and using the account. However, there might be charges for specific additional services, such as requesting cashier's checks, outgoing wires, or ordering checkbooks.
Overdraft Protection: The account offers various options for handling overdrafts, including Auto-Decline, Free Savings Transfer, and No-Fee Overdraft. Auto-Decline generally rejects transactions that would cause an overdraft, while Free Savings Transfer automatically transfers funds from linked savings or money market accounts. No-Fee Overdraft allows approved transactions that dip the account below $0 without charging fees.
Interest Earning: The account offers interest based on the account balance. However, the information provided in the article lacks specific details regarding the interest rates as of December 18, 2023. It mentions a NaN (Not a Number) error for the annual percentage yield (APY) for different balance tiers, which appears to be a data display issue or placeholder instead of actual interest rates.
In summary, the Capital One 360 Checking account is an online checking solution that emphasizes fee transparency, overdraft options, and the potential to earn interest based on the account balance, although the specific APY values are missing in the information provided.
What is the offer? Earn a $250 bonus after opening a new 360 Checking account and receive at least two qualifying direct deposits of $500 each within 75 days of opening your account. Your deposit must be “externally sourced funds,” meaning they come from a source not affiliated with Capital One.
If this is your first 360 Checking account, you're requesting that we automatically issue a debit card (the "Card") to you, and we'll automatically link each additional 360 Checking account to the debit card. 360 Checking is an electronic checking account that pays you interest.
Manage your money quickly and easily with 360 Checking—whether it's online, in person or with our mobile app. All with no minimum balance required and no monthly fees.
Many banks and credit unions offer them. But even no-fee accounts may not be completely free. You'll save on monthly maintenance and other charges, but you may still need to pay for some services.
While Capital One doesn't require a specific credit score to open a 360 account, they will likely check to see if you have an existing ChexSystems report before allowing you to open an account. ChexSystems is like the credit reporting agencies, but for bank accounts.
Capital One acquired ING Bank in February 2012 and the two banks were merged into one last November. Since then, former ING customers have been forwarded on the web to Capital One 360, which is one and the same with Capital One N.A..
As a new 360 Checking customer, you'll receive a debit card when you open your first account. If you open an account online, your debit card will be shipped to the mailing address on your account via USPS in about 7-10 business days in a discreet envelope. Sign in to track your debit card delivery online.
Capital One: ATM withdrawals made using a 360 Checking Card have a daily limit of $5,000 when using a debit card, but just $200 when using the mobile app.
deposit of at least $250 • No monthly service charge when you keep a minimum daily balance of $300 or more in this account OR • You receive at least one direct deposit in the amount of $250 or more each statement cycle. A minimum deposit required at time of account opening.
Why we like it: Ally offers interest on its free checking account as well as nationwide ATM fee reimbursem*nts of up to $10 a month. No overdraft fees. No monthly fees. Large, free, nationwide ATM network.
There are two types of Capital One savings accounts: a 360 Performance Savings account and a Kids Savings Account. Both are high-yield savings accounts with no fees or minimum requirements.
If you use your card responsibly, you can earn your deposit back and upgrade to an unsecured card. You can also get your deposit back when you close your account and pay off your balance in full, as long as your account is in good standing.
As a Capital One checking customer, you can get money from 70,000+ fee-free Capital One, MoneyPass® and Allpoint® ATMs—including in select Target®, Walgreens® and CVS® stores. Just look for Capital One, MoneyPass® or Allpoint® on the ATM.
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