Description: The article is about capital one 360 login. The author does a review about the capital one 360. The review mainly talks about the pros and cons about the Capital One 360. The pros include the interest rates,the maintain fee,the online application,the cons are the time for transferring and the limitation on branches.
I am going to do a review on Capital One 360. I am so excited to do this review because I get lots of questions about this on Instagram. I always heard that it’s the best way to set up sinking funds,it’s the best way to save. I’m always sharing about capital 136 and telling people about the bank itself but I haven’t formally made a review on the bay. It’s going to be a formal review of the financial institution so that you are aware of the pros and cons,you can make an educated decision on your own.
If you choose to open up an account with Capital One 360,I will leave a referral code in the description box,if you use a referral code in the description box below,Capital One will give you $25 for opening the account. Let me tell you how I have personally been using Capital One,I have one for our sinking funds and I have an account with capital one,I also have several savings accounts with capital one.
I am going to go into the pros. The first pro is that Capital One does not charge any fees to maintain an account with their institution,you don’t have to have a minimum amount of money in the account,this is awesome. There are no fees. The second thing is that Capital One does not require you to maintain a minimum amount of money in each account,that is awesome because if you’re using these accounts of sinking funds,you don’t have the stress of having to have a certain amount of money in the account at all times.
The third Pro is that Capital One allows you to have multiple accounts,they allow you to have up to 25 accounts which is amazing. You have a big pot of money and then you can break those accounts down into the mini accounts and you can even nickname them.That’s awesome,you can have a travel fund,a vacation fund,whatever account names you pick,you can put it on there and you’re good to go. I love that about it.
The next row is the Capital One application,the Capital One application is very convenient,Capital One heads check scanning capabilities and you can do that through the application. Those are two pros,they have an application that you can use on your cell phone.
Another Pro is that Capital One allows easy transfer ability from each account. If I have in a money market account,I can use the application and transfer the money from the money market account into a checking account,I’m good to go. I can swipe the card or go to make sanity of the money out. I love that about it,that’s definitely a pro.
Another problem is that sets time for the one apart from other online things. They have branches that are like brick-and-mortar branches in your area. They are not placed in all areas,but most of them have those branches. For example I live in the Houston area and there are several Capital One branches around me,I know at least five.
For other online banks,there are no brick-and-mortar buildings that you can go into,that the reason to me which sets Capital One apart. There are several instances where I can go into,I can go into the bank and talk to a person. I absolutely love that. I am very grateful for that.
My number one Pro for Capital One is the thing that I’ve harp on over and over again,it is the interest rate. They have interest-bearing accounts and they have some of the best interest rates on their accounts. For their check account,it is 0.75 which is way better than any other check account that you’re going to go to.
You can look this up for yourself,you can look at Bank of America,Wells Fargo, Chase and you’re going to find that Capital one definitely has the best interest. On their money market accounts,their money market account interest went up to one point four zero. All that money going to have sit in an account.
It has been making money. It doesn’t sound like a lot of money,but if you have a lot of money that money starts to add up and roll over,and we don’t have to use our emergency funds for anything,then that money is rolling over. That is definitely the best thing about Capital One. The best thing is their interest because they have the best interest in the market.
I have told you about the awesome things but this may not be a good review if I didn’t tell you about the bad things. Depending on where you’re located,branches might be limited,the actual brick and mortar building that I’m harped on depends on where you live. You may can’t find them at the place you live. You can use the Google Maps and type in Capital One and see what pops up. You will be able to make the determination whether or not you have branches available in your area.
The second con is when you’re transferring,it can be a bit of a headache. The first thing is that you definitely have to initiate the transfer from the capital 160 side,do not do it from your home institution such as Bank of America. There’s a possibility that you will be charged a fee. That fee can be anywhere between three to seven dollars depending on your financial institution.
Another thing we’re talking about financial institutions is that for some people it may make sense to have another bank as your home institution such as Bank of America or Chase,because the brick-and-mortar are not being the actual institution that you can go into. If you can have a checking account with Capital One and can direct deposit and do all of your banking online,even if you don’t have a actual brick-and-mortar Capital One nearby,that’s fine.
But you’re not going to be able to go into an actual institution and talk to someone if you need to. I have Bank of America as well. I’ve had them since I was 14 years old,they haven’t broken that relationship. Transferring from Bank of America to capital one can possibly cost me money.
Number two is another con,when I do that transfer,it can take a lot. My main gripe with Capital One is how long it takes to transfer. It can take anywhere between three and seven days. When I was first starting a capital one,it was a headache. My main con with them is the transferring from one institution to another. If you’re transferring in Capital One,you can see the money instantaneously,but if you’re transferring to or from another institution,it can take a while. Those are all of my review,you can see the pros are far outweigh the cons.