Capital One 360
Analysis
Written by 
Edited by General
CapitalOne is one of the ten largest banks in the US and has tried actively over the last few years to shake its image as a predatory lender to low credit consumers. The& bank offers high rates on its savings and certificate of deposit accounts (CDs) and a free checking account, although not a money market account. Its online savings account is free of monthly fees, minimum balance requirements or overdraft fees.
Advantages
- CapitalOne's rates are generally competitive among the most recognized banks.
- Users can request an ATM card and have access to CapitalOne's ATM network.
- CapitalOne's mobile app is highly regarded.
Disadvantages
- CapitalOne cannot seems to completely shake its reputation as a bank looking to fleece unsuspecting customers. Its actions in 2023 - discussed here, where it created a new online savings account with a slightly nuanced name - should make prospective think twice about opening an account with them.
- Customers seeking branch support for their online accounts are likely to waste a lot of time trying to find a competent junior banker at one of their branches.
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
Capital One 360 Reviews
NS123
March 15, 2023
Thank you for the reviews above. I was wondering why I was only getting 0.3% when interest rates have gone up. Why CapitalOne360 is putting loyal and long time customers at a disadvantage is beyond me. I'm moving my money out immediately.
Is this review helpful? Yes:8 / No: 1
Add Your Review
or use your BestCashCow account