Capital One 360 Checking
- Best for: Everyday checking without monthly or overdraft fees, for people who still deposit cash
- What Sets It Apart: Free cash deposits at Walgreens, CVS, Kroger, Dollar General, and 7-Eleven, plus branches and 60-plus Cafés, on an account with no monthly or overdraft fees
- Welcome Offer: $250 with code CHECKING250 after two direct deposits of $500 or more within 75 days; not for anyone who had 360 Checking, Simply Checking, or Total Control Checking since Jan. 1, 2024
- APY: 0.10% on every balance
- Features: Fee-free withdrawals at 70,000+ Capital One, Allpoint, and MoneyPass ATMs; paychecks up to two days early; free Zelle; FDIC insurance; debit card moving from Mastercard to Discover’s network
- Monthly Fee: $0; no minimum balance
- Cost: No overdraft fees; no Capital One fee at other banks’ ATMs or abroad, though ATM owners may charge; no foreign transaction fee; $30 per outgoing domestic wire
- Pros: No Capital One fee abroad; paychecks up to two days early; free overdraft transfers from savings; phone help until 11 p.m. ET daily
- Cons: Other ATM owners’ fees not refunded; Capital One advises a second card abroad; branches mostly in six states and D.C.; store cash deposits capped at $1,500 a day
Open Capital One 360 Checking if you want an everyday account with no monthly, overdraft, or foreign transaction fee that takes cash at Walgreens, CVS, and thousands of other stores. Before a trip abroad, pack a second card too, since its debit card is moving from Mastercard to Discover’s network.
Capital One 360 Checking suits people who bank mostly online but still want somewhere to walk into, since Capital One has branches and 60-plus Cafés where staff help in person. Use it for paychecks and bills rather than savings, because the interest it pays is small.
Key Features
- No monthly fee, overdraft fee, or minimum to open or keep the account
- 0.10% annual percentage yield (APY) on every balance
- Fee-free withdrawals at 70,000+ Capital One, Allpoint, and MoneyPass ATMs in the U.S.
- Free cash deposits at Walgreens, CVS, Kroger, Dollar General, and 7-Eleven stores, or at Capital One’s own ATMs
- $250 bonus with code CHECKING250 after two direct deposits of $500 or more within 75 days
Pros
- No Capital One fee abroad, on purchases or at ATMs
- Direct-deposit paychecks up to two days early
- Free automatic transfers from a 360 Performance Savings account to cover overdrafts
- Phone help from 8 a.m. to 11 p.m. ET, seven days a week
Cons
- No refund of the fee another bank’s ATM charges, at home or abroad
- Debit card moving from Mastercard to Discover’s network, and Capital One advises carrying a second card abroad
- Capital One may cover an overdraft for you only once you deposit $250 or more in two of the last three months
- Branches mostly in New York, Louisiana, Maryland, Texas, Virginia, New Jersey, and D.C.
- Store cash deposits capped at $1,500 daily and $5,000 monthly
It’s a strong everyday account for anyone who wants checking without monthly or overdraft fees and still deposits cash or likes having a branch nearby. Frequent travelers who withdraw cash abroad should add Schwab Bank Investor Checking, which refunds ATM fees worldwide but comes only with a linked Schwab One brokerage account.
Learn more about Capital One 360 Checking or see how it compares to the best free checking accounts.
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