Capital One 360 Banking

If you are looking for an online-only checking account than this account may be the right one for you. Capital One's new checking account is called Captial One 360 Checking. Because I have had a free account with Capital One for over ten years. Here's an up-to-date overview of my second oldest bank account intended for new and current clients.

For the online account, your home display is easy and simple, as usual. There's nicer integration with their broker division called Sharebuilder, and your account totals automatically display upon log in. If you do own a Sharebuilder trade account, then, you basically have a interest-bearing transfer alternative, rather than a money market account with little to no interest.

You'll require a different bank account when you open an accounts. You may link three outside accounts simultaneously. Capital One 360 on-line funds transfers are a tad quicker than similar web-based banks, having typically two days for posting. New accounts can be linked, making use of both on-line (two little affirmation deposits) or by sending them a check. Even when you just have the checking plan, you can use their new Check-Mate plan, this enables you to make deposits by an iphone or android application.

Subaccounts. Yet another distinctive characteristic of The now Capitol One-owned ING Direct is the power to produce almost endless sub-accounts to help particular savings targets. For instance, you can open extra savings accounts and name them "Europe Holiday", "Emergency Fund", or "Jon's Slush Fund". You can even easily setup automatic exchanges to distinct levels of cash into all these balances each week. This convenient tool stays, with a maximum of twenty-five subaccounts.

Pros: It appears that the Capital One 360 checking has stored all of the significant facets of the previous ING Direct rules completely -- There are no mandatory balances and no costs, and great online interface, and plenty of sub-accounts to put away your cash. They have a lengthy history of relatively competitive rates of interest -- generally not the best today, but regularly within a quarter of a percent or less. The inclusion of mobile deposit and an easier to use iphone and android application is a welcome development.

Cons: The Family savings is intended to fit your checking account. Some time can be taken if you are doing a deposit by check to include cash for the accounts. Customers of additional Capital One Bank items might be unhappy to discover that cell phone depositing is now only accessible for 360 clients.

Date Purchased: I opened the account on April 1st, 2012

Recommended: Yes

Overall Rating: 4