![]() ![]() Your bank account is FDIC insured for up to $250,000, or up to $500,000 for a joint account. The OCC said Capital One's security was inefficient at the time. The bank paid $80 million after the Office of the Comptroller of the Currency stated that the bank was partially responsible for a 2019 data breach in which a hacker accessed over 100 million credit card applications. The company does have a recent controversy, though. A good BBB rating signifies a company responds effectively to customer complaints, has honest advertising practices, and is transparent in how it handles business. Capital One 360 has an A- rating because it's received a high volume of customer complaints on the BBB website. The Better Business Bureau rates businesses by how they deal with customer issues and handle transparency. Capital One 360 Trustworthiness and BBB Rating You can have a hybrid in-person/online banking experience if you live near a branch or Café, or you can bank completely online with Capital One 360. It also has dozens of Capital One Cafés, where you can grab Peet's Coffee®, speak with a money coach, and open a bank account.Ĭapital One 360 is the bank's online operation. The bank has over 280 branches across Louisiana, Maryland, New Jersey, New York, Texas, Virginia, as well as Washington DC. The website is easy to navigate, and its mobile app has received 4.9 out of 5 stars in the Apple store and 4.6 out of 5 stars in the Google Play store. If you want to speak with an agent on the phone, you can call between 8 a.m. Once you set up an online account, you can chat 24/7 with a live customer service representative. The bank doesn't charge a fee if you use an out-of-network ATM, but it doesn't reimburse any out-of-network fees charged by an ATM provider. How Capital One 360 Worksīetween Capital One ATMs and partner ATMs, you have access to over 70,000 ATMs nationwide. Your only option here is a regular term CD. Some banks offer more types of CDs, such as a no-penalty or jumbo CD. Capital One does set itself apart by not requiring an initial deposit to open a CD - most banks ask for at least $500. The institution's CDs come with term lengths ranging from six months to five years. This means in theory any direct deposit from another bank should qualify.Read Our Review A looong arrow, pointing rightĬapital One CD rates are pretty competitive, but you still might find the best CD rates with other online banks. This means payroll, pension or government payments (such as Social Security) by your employer or an outside institution. Within 60 days of your account opening dateĪ qualifying direct deposit for Capital One is any transaction that codes as aAutomated Clearing House (ACH) credit. Receive at least 2 direct deposits totalling $1,000 or more You’ll receive your bonus on a timeline based on the following table: Account opened the month of Once your Capital One 360 checking account has been approved and opened, receive 2 direct deposits totalling $1000+ to your new account within 60 days of approval. Therefore, I would suggest that if you’re struggling with approval, consider the age-old method of hanging up and calling again (HUCA). I have three varying DPs from here: one person was asked to upload ID, and then was emailed approval a day later, one was requested to call in and then asked to verify their phone number, and yet another was instead asked to come in-person to a branch to verify ID. You may get a pending message after submitting the application, or a message asking you to call in to provide further info (1-87). However, data points from r/churningcanada have revealed that Canadians with an ITIN and valid US address (wink wink) can apply for this US offer and be approved, in some cases without needing to go into branch.ĭPs from r/churningcanada suggest that Canadians with an ITIN and US address can apply for this US offer and be approved without needing to visit a branch. Normally, opening US bank accounts is a bit of hassle, and requires either an account with a Canadian domiciled entity (eg. This offer is with Capital One, a US bank. ![]() ![]() To get your $400 bonus, just receive 2 direct deposits (DD) totaling $1,000+ within 60 days of account opening. The account has no monthly fees.Īlthough this blog is normally focused on credit card frequent flyer points to maximize travel, a recent bank account welcome offer has come to my attention that is extra juicy. Note: this offer expires: January 26, 2021.Ĭanadians with an ITIN number ( you can get one through our service) can apply for a recent promotion offered by Capital One: Get $400 USD when you open a new Capital One 360 Checking Account. ![]()
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