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The Capital One 360 Checking® Account aims to blend the best of online and brick-and-mortar banking. It has a competitive APY and few fees, but it also has plenty of branches for those who prefer more personalized support. Read our Capital One 360 Checking® Account review for a full breakdown of all it has to offer.
Capital One 360 Checking
Capital One boasts a top-rated mobile app and has over 70,000 fee-free Capital One, MoneyPass, and Allpoint ATM locations. For those looking for face-to-face interaction, Capital One has over 450 locations and 50 Capital One Cafes, where customers can bank, get a cup of coffee, and ask for advice from a certified money coach. However the APY is lower than other online banks.
We recommend comparing checking accounts to make sure you're getting the best fit for you. Here's a list of our favorite accounts.
Account | APY | Promotion | Next Steps |
---|---|---|---|
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Open Account for Discover® Cashback Debit
On Discover Bank's Secure Website.
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
0%
Min. to earn: N/A
|
Earn 1% cash back on up to $3,000 in debit card purchases each month (see details when you click 'Open Account')
|
Open Account for Discover® Cashback Debit
On Discover Bank's Secure Website. |
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Open Account for Quontic High Interest Checking
On Quontic's Secure Website.
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
|
up to 1.10%
Min. to earn: $1
|
High APY when you complete 10 or more qualifying debit card purchases each month
|
Open Account for Quontic High Interest Checking
On Quontic's Secure Website. |
Competitive APY: While the Capital One 360 Checking® account doesn't have the best checking account APY, it is much higher than most of the rates we've come across.
Fee free: It's smart to avoid checking account fees and this account helps you do so by cutting ATM and monthly maintenance fees.
No minimum balance: Capital One doesn't require its 360 Checking® Account holders to maintain a certain balance to earn interest or avoid fees. And even more unusual, it doesn't require a minimum balance to open an account either. This makes it a good fit for those who don't keep a lot of money in their checking accounts and don't want to be penalized for it.
Overdraft protections: While overdrawing your checking account is generally something you want to avoid, having the option to do so can be useful if you're in a situation where you need funds immediately. By law, overdraft protection isn’t automatic -- you must opt into it. If you do so, Capital One gives you the choice of a free transfer from your linked Capital One savings or money market account or a no-fee overdraft protection. If you choose the latter, you must promptly deposit more funds into your account or Capital One may not approve additional transactions -- and may even close your account.
Hundreds of branch locations: Capital One maintains hundreds of branches throughout the U.S., including a growing number of Capital One Cafes. You may not ever need to visit one of these locations, but if you run into questions or issues with your account and want personalized assistance, you'll be glad that you have the option.
Feature-rich mobile and online banking tools: Capital One's mobile banking app lets you do all the things you'd expect -- view transactions, deposit checks, pay bills, and manage alerts. You can also set up an automatic savings account transfer and use the My Savings Goals tool to help you achieve your financial dreams more quickly. You can even track your credit score over time.
FDIC insured: Finally, a Capital One account is covered by FDIC insurance, so in the event of a bank failure, you're covered for up to $250,000 per depositor, per institution.
KEEP READING: How to Open a Capital One Bank Account
No ATM fee reimbursements: While Capital One doesn't charge its own fees for using out-of-network ATMs, it also doesn't reimburse customers if they're charged fees by the ATM owner. Not all banks offer this, but it's a nice option to have if you don't live near an in-network ATM.
Fees | Monthly Maintenance | ATM Withdrawal | Overdraft | Stop Payment | Insufficient Funds |
---|---|---|---|---|---|
Capital One 360 Checking® Account | $0 | $0 | $0 | $25 per item | $0 |
Here's an overview of how you can deposit and withdraw money from your Capital One 360 Checking® Account.
These are your options for depositing money into your Capital One 360 Checking® Account:
You can find Capital One branch locations and deposit-taking ATMs using the ATM locator tool on Capital One's website or in its mobile app.
You can withdraw your funds from your Capital One 360 Checking® Account in any of these ways:
Electronic transfers and mailed checks may take a few days to get to you, so plan accordingly and initiate the withdrawal before you need the funds.
The Capital One 360 Checking® Account is a smart choice for those who want the strong mobile tools and high interest rates commonly found with online banks without sacrificing the option to visit branch locations for in-person support. This account is also a good fit for those with low average checking account balances who may be in danger of overdrawing their accounts.
At The Motley Fool Ascent, we rate checking accounts on a five-star scale (1 = poor, 5 = best). We evaluate all checking accounts across four main criteria: brand and reputation, APY and rewards, fees and minimum requirements, and perks.
Our scores are weighted as:
Learn more about how The Motley Fool Ascent rates bank accounts.
There is no minimum balance for the Capital One 360 Checking® account.
There are no ATM withdrawal fees.
Capital One 360 Checking®'s APY is 0.10%.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent, a Motley Fool service, does not cover all offers on the market. The Ascent has a dedicated team of editors and analysts focused on personal finance, and they follow the same set of publishing standards and editorial integrity while maintaining professional separation from the analysts and editors on other Motley Fool brands.