Why We Started Banking Online with Capital One 360 and Why We Haven’t Looked Back

Why We Started Banking Online with Capital One 360 and Why We Haven’t Looked Back

If you are looking for an awesome bank to start banking with, then choose Capital One 360. I am sure glad that I made this leap for my family, and I have not looked back once since I did. Below, I will talk about what I love about the bank, some pros about what the bank offers, and more. Let’s take a look now.

Capital One 360 Review

Capital One 360 is by far one of the best banking options available out there. It is an online bank and it provides you with the convenience you want from a bank without the hassle of a brick and mortar facility. This bank has lived up to its expectations and continues to win awards from its customers year after year.

Capital One 360 does offer both checking and savings account options, which makes it a great choice, especially for those individuals who do not need to actually walk into a bank. You can deposit your checks on the go and never must worry about standing in lines.

One of the nice things about Capital One is that they offer a different setup for overdrafts from what others offer. For instance, if you do overdraft, you have one of three options. Those three options include:

  • Free overdraft transfer from your savings account
  • A grace period of one day to bring your account back into good standing
  • A line of credit to cover the amount and you pay interest on the money borrowed

An overdraft or non-sufficient funds fee is only $9 which is much less than other banks. I was particularly happy about this because I have personally fallen into that hole where you accidentally overdraft and get hit with a $35 fee.

While this is an online bank, you have nothing to worry about. You will receive FREE access to more than 40,000 ATMs throughout the nation. Should you have to use an ATM that is NOT Capital One 360 approved, the only fee you will incur is that of the ATM itself. Capital One 360 does not charge you to use outside ATMs.

No Fees

One of the best things about Capital One 360 is that there are NO fees: no application fees, no monthly maintenance fees, and no ATM fees.

In addition, this bank does not require you to make a minimum deposit to open up the account. The reason I loved this is because it can be inconvenient to have to shell out $200 when opening a new checking account to only see the money about 7 to 10 business days later after the debit card arrives. This can be VERY inconvenient and a hassle for most people. I know that I do not like my money tied up somewhere else, so I love how Capital One 360 works.

High Interest Savings Accounts

I LOVE Capital One 360 because they offer some of the best interest rates on their savings accounts. In fact, they also offer rates on their checking accounts, too. This means that I am earning money ALL the time. As long as I have money in the account, I earn even more money. Trust me; I love it.

Here is the interest breakdown:

Savings Account:

  • Interest rate of 0.75%

Checking Account:

  • Interest rate of 0.20% on balances up to $49,999.99
  • 0.75% on balances $50,000 to $99,999.99
  • 0.90% on balances of $100,000 or more

As you can see, you can earn a nice penny on the money you keep in your accounts.

How I Feel About My Capital One 360 Account

I am happy that I turned to Capital One 360, and I will never look back. I have had my money in my account there for about one year now. I am happy that I have this option available because most banks offer nothing like it. If you want to save money and earn more at the same time, the Capital One 360 option would be best, especially since there are NO fees.

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