Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.
Overall Score | 4.3 |
Savings | 3.5 |
Checking | 5.0 |
Money Market | 4.0 |
Customer Service | 4.5 |
Mobile App | 4.5 |
Money Pro is the next generation of Money app (over 2 million downloads worldwide). Money Pro was built with a vision. It is a set of tools for keeping track of accounts, bill planning and budgeting which all work in unison. At the same time, it is much more than that. Our goal is to give you a means for taking control of your personal finances.
Pros and Cons
- Overdraft protection options
- No account minimums
- 27 Capital One cafes for in-person support
- Lower savings APY compared to other online banks
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Bottom Line
Good online bank with access to in-person support
Capital One 360 provides multiple banking products, allowing you to satisfy all your banking needs in one place if you choose.
They offer savings, checking, CDs, and money market accounts. Your deposits have the protection of the FDIC and your information is encrypted for your safety.
Capital One 360 is an online-only bank, though. They claim this means less overhead, which they pass on to the customer with higher interest rates, no monthly fees, and better service.
If you're considering opening a personal checking or savings account, you must check out these promotions.
Keep reading to see our take on Capital One 360 and their offerings. Things 3 8 4 x 4.
Deposit Rates
Capital One 360 offers a nice range of banking services that satisfy basic checking and savings needs:
- 360 Checking
- 360 Savings
- 360 Money Market
- 360 CDs
- 360 IRA Savings
Did you know: Capital One started as a credit card issuer, until it purchased the popular ING Direct in 2012. It rebranded itself as Capital One 360 and started offering a full range of online banking services. Today, it's one of the U.S.'s largest banks based on deposits.
Capital One Credit Cards: Capital One also offers a wide array of credit cards. From cashback to travel rewards to cards for bad/limited credit. Here are some of our top picks:
- Capital One® Quicksilver® Cash Rewards Credit Card for cash back
- Capital One® Venture® Rewards Credit Card for miles
- Capital One® Secured Mastercard® to help build credit
Read about the top Capital One credit card offers. You can find out if you're pre-qualified on Capital One's website, with no impact to your credit score.
360 Checking
Capital One 360 Checking account has no minimum deposit, no minimum ongoing balance, and no service fees. It offers a better interest rate compared to other online banks.
Other features include:
- Access your money fee-free at more than 39,000 Capital One or Allpoint ATMs.
- No foreign transaction fee when you use your debit card abroad.
- Online bill pay, with option for automatic payments.
- Deposit checks from anywhere by snapping a photo on your phone.
- Free first set of checks.
The biggest perk of this checking account are the overdraft options. Instead of automatically charging you for overdrafts, the 360 Checking gives you options. You can choose one of the following choices:
- Auto decline charges you don't have the funds to cover
- Link a Capital One 360 Savings account to cover the charges
- Use their one business day grace period to add funds before being charged $35
- Use their Overdraft Line of Credit, where Capital One will cover the overdrawn amount for you. You'll be charged interest until you pay back the funds.
Compare Checking Accounts
HSBC Advance Checking - Up to $240 Cash Bonus
- Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities.
- Open your new HSBC Advance checking account online by January 7, 2021; and
- Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then
- Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening
- You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
HSBC Advance Checking - $200 Welcome Deposit
- Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities.
- Open your new HSBC Advance checking account online by January 7, 2021; and
- Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening
- You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It's that simple.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
HSBC Premier Checking - Up to $600 Cash Bonus
- Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities.
- Open your new HSBC Premier checking account online by January 7, 2021; and
- Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then
- Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening
- You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities.
- Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC.
MONEY Teen Checking
The MONEY checking account is specifically for teenagers to help them learn money management. You and your teen will be joint account holders. Teens can make their own money decisions. You'll have your own username and log-in and can see what they're up to.
With this checking account, teens can: Betterzip 3 1 2 download free.
- Get a debit card in their own name
- Earn a little bit of interest
- Make mobile check deposits
- Transfer money
- Set up direct deposits
- Get text alerts and emails
There is no minimum deposit requirement, no account opening fee, and no service fees. When your teen turns 18, he/she can roll over this account into a 360 Checking account.
360 Savings
Capital One 360's Saving account doesn't offer as high of an interest rate as competitor online banks. But if you want the convenience of checking and savings under one bank, it's not a shabby choice. There are no service fees and no minimum deposit.
Tech-savvy savers will enjoy Capital One 360's mobile app. It's easy to transfer money between Capital One and other bank accounts. They even offer mobile check deposit options.
Is Capital One 360 Safe? All of Capital One 360's deposit accounts are FDIC insured. This means that if Capital One Bank defaults, the federal government guarantees the balance in your savings account, up to $250,000.
Compare Savings Accounts
CIT Savings Builder - Earn 0.50% APY
Earn up to 0.50% APY. Here's how it works: Maintain a minimum balance of $25k OR make at least a $100 minimum deposit every month. Member FDIC
Betterment Cash Reserve - Earn up to 0.40% APY
- FDIC insurance covering up to $1,000,000 at program banks
- Access cash in 1-2 business days
- No minimum balance
- No fees on balance
- Unlimited withdrawals
Chase Savings℠
- Enjoy a $150 bonus when you open a new Chase Savings℠ account, deposit a total of $10,000 or more in new money within 20 business days, and maintain a $10,000 balance for 90 days
- Access to 16,000 Chase ATMs and nearly 4,900 branches
- Link this account to your Chase checking account for Overdraft Protection.
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- Open your account online now.
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Kids Savings
Capital One's Kids Savings Account help children get into the habit of savings. This is a joint account between you and your child. Kids can sign in and view their balance, but you're the only one with the authority to move money in and out of the account.
The Kids Savings Account offers a very decent APY rate, so children can watch their money grow. There is no monthly service fee and no minimum balance.
360 Money Market
The Capital One 360 Money Market has no minimum deposit and no fees. You can set up automatic savings plans or deposit your money manually.
Money Pro 2 1 360 One
There are two interest tiers depending on your balance. If you have $10,000 or more, you'll receive a better rate with the Money Market than with the Savings account.
Note that the 360 Money Market doesn't offer check writing. You can only transfer funds online between Capital One accounts or to external accounts.
360 CDs
Capital One 360 offers CD terms from 6 months to 5 years. If you don't need to access your money for at least a year, the 12-month CD offers a much higher rate than the Savings account.
There is no minimum deposit. Make sure you choose your term wisely. Withdrawing your money before maturity would result in penalties. While you can't add funds to the account once you open it, Capital One does allow you to open up to 50 CDs at any given time.
Online CDs
- Up to 0.40% APY
- Up to 5 years
- $0 minimum opening deposit
- Daily Compounding Interest
- FDIC Insured
Related: Best CD Rates
360 IRA Savings
The 360 IRA Savings account offers the same APY as the Savings. You can choose between Traditional and Roth IRAs. IRA accounts have tax benefits.
This type of account is meant for retirement savings. The returns are lower than what you could get with brokerage IRA account. So this is best for those who want stability (for example, older people who don't want to risk their investments).
360 IRA CDs
https://heregfiles470.weebly.com/lite-icon-mac.html. You can also choose an IRA CD, which also has tax benefits. If you open a 360 IRA CD, you'll also automatically get a 360 Savings account. You can use it to make contributions, receive interest disbursements, or rollover funds. When your IRA CD matures, you can transfer it to your IRA Savings. Corel aftershot pro 3 6 07.
Reasons We Like Capital One 360
- There are no monthly fees on deposit accounts. Maintenance fees can quickly eat at your profits, which is why the no-fee standards at Capital One 360 are so favorable. This allows you to meet your savings goals faster without worrying about paying service fees.
- You can have as many as 25 savings accounts . If you have multiple savings goals, you can open as many as 25 savings accounts with Capital One 360. This makes it easier to stay organized and reach your goals faster.
- There is no minimum required balance on deposit products. You can open accounts with as little as $1 if you wish. While you do benefit from larger balances with a Money Market account, all other accounts offer the same interest and no fees, no matter the balance.
- You have around-the-clock access to your account. You can access your account on your computer or even your mobile device any time of day or night.
- You don't pay overdraft fees on your checking account. This is worth mentioning again. Many checking accounts charge $35 per overdraft. Capital One 360 gives you options and even second chances.
- You can make mobile deposits. As long as you have a smartphone, you can make mobile deposits in a matter of minutes. All you need is the Capital One app and access to a camera.
- You can transfer money to friends and family. Using Zelle within your Capital One mobile app, you can send money to anyone, even if they don't bank with Capital One.
- You can get in-person help in select cities. Many online only banks don't offer in-person support. Capital One 360 currently has 27 Capital One 'Cafes' throughout the country to support you.
- You can get phone support 7 days a week. Capital One 360 offers customer support from 8 AM to 11 PM, 7 days a week, to help you when you need it.
Reasons You May Want to Look Elsewhere
- Less money flexibility. Capital One's Money Market account doesn't come with check writing privileges or an ATM card. Some other competitor banks offer these features with their money market accounts so you have more flexibility in how you access your money. Only the 360 Checking gives you the freedom to access your money whenever you want.
- You may experience long hold times on deposited checks. Online banking does provide its challenges, which includes held funds. Capital One 360 often holds your funds for up to five business days if the deposit exceeds $5,000.
- You cannot assign beneficiaries. Capital One 360 does not allow you to designate a beneficiary on their bank accounts. So if you died, your account will go to probate court. This will be more of a hassle for your loved ones to settle your account. Capital One 360 also does not allow payable-on-death (POD) or transfer-on-death (TOD). These disadvantages could be a major turn-off point.
- You may wait awhile to talk to a customer service representative. The hold times when you call Capital One have been known to be rather lengthy, which can be frustrating, especially when dealing with your money.
- You can't open an account at their branch. Because they are an online only bank, you can only open their 360 accounts online. If you are local to one of their cafes, you can get support, but account openings are strictly an online process.
- You want a business savings account. Capital One 360 is an online only bank for consumers. If you want an account for your business, you should visit a Capital One branch to open a Business Savings account. This can be helpful whether you need a rainy day fund or have plans to grow your business.
Money Pro 2 1 360 Wireless Controller
Contacting Customer Service:
You can reach Capital One customer service at 1-877-514-2265 between the hours of 8 AM and 11 PM, 7 days a week.
If you already have a Capital One 360 account, you can also utilize their live chat option after logging into your account.
How It Compares
Did you know? Capital One 360 acquired ING Direct in 2012. ING Direct was a very popular online bank for its lack of fees, ease of use, and above-average interest rates. We're glad that Capital One 360 retained the same philosophies. You can enjoy the same features that made ING Direct so attractive.
Ally: Ally is another full-service online bank with a range of products. Ally's Savings rate is higher, but Capital One 360's Money Market rate is the best if you have $10,000 to save. If you want more flexibility for your CDs, Ally may be the better choice. It offers higher rates for short-term CDs. And it has several CD options to choose from, including a No Penalty and Raise Your Rate CD.
Capital One | Ally Bank |
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SPECIAL OFFER Current Promotion - Learn More | SPECIAL OFFER Online Savings Account - 0.60% APY - Learn More |
Benefits and Features |
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Savings | 0.50% APY | 0.60% APY |
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CD | 0.20% to 0.40% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20% | 0.20% to 1.00% APY. Terms of 3 months to 5 years. 12-month CD APY of 0.65% |
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Checking | 0.10% APY | 0.10% APY under $15,000; 0.25% APY $15,000 or more |
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Customer Service | Mon-Sun: 8am - 11pm (ET) | 24/7 |
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ATMs | Over 40,000 no-fee Capital One & Allpoint ATMs | Over 43,000 no-fee Allpoint ATMs |
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Locations | Online Only | Online Only |
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Capital One: Pricing information from published website as of 10/22/2020. Ally Bank: Pricing information from published website as of 10/22/2020. Onedrive icon keeps disappearing. |
Synchrony Bank: Synchrony Bank offers one of the best rates for their Savings account. And it also comes with an ATM card for easy withdrawals, so you may prefer that if you want more flexibility. But it has no checking option.
Capital One | Synchrony Bank |
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SPECIAL OFFER Current Promotion - Learn More | SPECIAL OFFER High Yield Savings - 0.65% APY - Learn More |
Benefits and Features |
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Savings | 0.50% APY | 0.65% APY. No monthly service fee and no minimum deposit. An ATM card is provided for easy withdrawal. Synchrony will refund ATM fees for other banks up to $5 per statement cycle |
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CD | 0.20% to 0.40% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20% | 0.25% to 0.90% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open. |
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Customer Service | Mon-Sun: 8am - 11pm (ET) | Mon-Fri 8:00 am - 10:00 pm (ET); Sat-Sun 8:00 am - 5:00 pm (ET) |
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ATMs | Over 40,000 no-fee Capital One & Allpoint ATMs | Any ATMs with Plus or Accel logos |
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IRA CD | 0.20% to 0.40% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20%. | 0.25% to 0.90% APY. Terms of 3 months to 5 years. Minimum deposit of $2,000 to open. |
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Locations | Online Only | Online Only |
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Capital One: Pricing information from published website as of 10/22/2020. Synchrony Bank: Pricing information from published website as of 10/22/2020. |
Marcus by Goldman Sachs: If you are in the market strictly for CDs, Marcus by Goldman Sachs offers high-yield products with many options. They do not, however, offer checking account programs. They are more of an investment/savings vehicle.
Compare Bank Offers for October 2020:
- Chase coupon for National Bank
- Discover Bank offer code for Checking
- CIT Bank promo code for Savings (read bank CIT review)
Bottom Line: Is Capital One 360 Good?
Capital One 360 is a viable option for those who want the higher interest rates of an online bank without all of the fees. You'll have to have some patience when waiting to access your funds or when you need phone support, though.
If you can independently manage your finances and are tech-savvy, however, this could be a bank that will help you avoid the pesky fees that brick-and-mortar banks tend to charge.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.
Disclaimer: The information for the Capital One® Venture® Rewards Credit Card, Capital One® Quicksilver® Cash Rewards Credit Card, and Capital One® Secured Mastercard® has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.
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Compared with Pro 1, the largest change in Pro 2 is the addition of six TF (Micro SD) cards. The original files are stored in multiple storage cards. It’s more complex to manage all the files in Pro 2. In order to simplify the importing process, we’ve provided reading storage devices function in the camera. When the camera starts to read storage devices, user only needs to connect Pro 2 to a computer to transfer files from the storage cards to the computer by using the one-key import tool in Stitcher. There is no need to pull out any storage card.
Money Pro 2 1 360 Controller
Import Pro 2 files to computer in Windows system:
Import method 1: Use the USB hub and the SD card reader
- Please use our official SD card reader and USB hub. Insert the SD card and six MicroSD cards into the hub, then connect the hub to your computer. Wait for your computer to recognize and mount all storage cards.
- Open Stitcher,go to “Pro 2 File Manager' page. Click the 'Import' button below method 1. Choose the root directory from any one of the inserted SD cards.
- It takes a while to load all the contents in SD cards. Please wait for the loading process to complete.
- After all the files are loaded, click the button 'Import contents to local drive' at the bottom. Then all the selected contents will be imported to the local drive.
Import method 2: Connect your Pro 2 to your computer via LAN cable
- Go to the Pro 2's home menu, select the fifth function and start storage device reading mode. Wait until the camera displays 'Reading storage devices…'.
If the camera shows 'Loading failed' after entering this mode, please restart the camera.
- Connect the Pro 2 camera to your computer via LAN cable. If there is no LAN port on your computer, please use the USB ethernet network adapter included in the camera package. As shown in the picture below:
- Enter 192.168.1.188pro2 in the address bar of the file manager, and visit the directory to read the contents of all the current storage devices of the camera. You can copy the contents to the same directory and merge the folders with the same name.
- If you see six MicroSD cards and one SD card, you have successfully accessed all of your camera's storage devices. You can choose to merge files in individual folders manually and copy them locally on your computer, or you can import them by using Stitcher's one-click import tool.
- Open Stitcher,go to “Pro 2 File Manager' page. Click the 'Import' button below Method 2. Enter “192.168.1.188Pro2” in the address bar of select folder. Access this directory and choose a root directory from any one of your SD cards.
You can also map a network drive for Pro 2 directory under server address: 192.168.1.188. In this way, you don't have to type its network address each time.
- It takes a while to load all the contents in SD cards. Please wait for the loading process to complete.
- After all the files are loaded, click the button 'Import contents to local drive' at the bottom. Then all the selected contents will be imported to the local drive.
Import Pro 2 files to computer in MacOS:
Import method 1: Use the USB hub and the SD card reader
- Please use our official SD card reader and USB hub. Insert the SD card and six MicroSD cards into the hub, then connect the hub to your computer. Wait for your computer to recognize and mount all storage cards.
- Open Stitcher,go to “Pro 2 File Manager' page. Click the 'Import' button below method 1. Choose the root directory from any one of the inserted SD cards.
- It takes a while to load all the contents in SD cards. Please wait for the loading process to complete.
- After all the files are loaded, click the button 'Import contents to local drive' at the bottom. Then all the selected contents will be imported to the local drive.
Import method 2: Connect your Pro 2 to your computer via LAN cable
Please visit the website before using the function (https://joshuawise.com/horndis). In the Available versions section, please select to download the corresponding Horndis driver software according to the current Mac system version, and then install the software.
- Go to the Pro 2's home menu, select the fifth function and start storage device reading mode. Wait until the camera displays 'Reading storage devices…'.
If the camera shows 'Loading failed' after entering this mode, please restart the camera.
- Connect the Pro 2 camera to your computer via LAN cable. If there is no LAN port on your computer, please use the USB ethernet network adapter included in the camera package. As shown in the picture below:
- Open the file manager Finder on Mac system and click Go -> Connect to Server.
- Enter smb://192.168.1.188, in the Server Address bar and click “Connect”.
- Select “Guest” in the pop-up window and click “Connect”.
- In the next pop-up window, select 'pro2' and click “OK' to connect.
- If you see six MicroSD cards and one SD card, you have successfully accessed all of your camera's storage devices. You can choose to merge files in individual folders manually and copy them locally on your computer, or you can import them by using Stitcher's one-click import tool.
- Open Stitcher,go to “Pro 2 File Manager' page. Click the 'Import' button below Method 2. Choose the root directory from any SD card under server address: 192.168.1.188pro2 .
- It takes a while to load all the contents in SD cards. Please wait for the loading process to complete.
- After all the files are loaded, click the button 'Import contents to local drive' at the bottom. Then all the selected contents will be imported to the local drive.
Money Pro 2 1 360 Kinect
Please note that after you have put your camera in storage device reading mode, and your computer has direct access to the directories of multiple storage cards, you can drag the folders in your SD card (not MicroSD) directly to Stitcher for use. However, this approach depends on the stability and reliability of the network, so it is strongly recommended to save the content to the local computer before splicing or editing.
Alternatively, if you have purchased an official card reader and hub package, you can take out the seven storage cards and insert them into the card reader and hub to connect to your computer, and then manually merge the folders with same name and copy them to your computer.
Money Pro 2 1 360
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