Description: This passage is mainly focusing on the review of Capital One 360, in which you can learn about the features of the Capital One 360 bank as well as some advantages of it.
I’m excited to bring you another update at Capital One 360 review, I’m going to talk about what I love about them, what I don’t like, what pros and cons are there, I’m going to give you all the details
I use it for all of my sinking funds, so it’s not day-to-day cash that I need, it’s more of the long-term savings like car insurance or things like that. But if you do need instant cash, they do have a number of ATMs and they waive the transaction fee for you so you can use regular ATMs throughout your community.
It takes three days to transfer the money from one account to the other from an outside account, if it’s within Capital One 360, we have your savings, checks and checking account in the same both with Capital One, it’s instant which is awesome.
If you go through the Capital One 360 website for the transactions, there’s no fee now or at least with Bank of America. If I did the transfer from their account to Capital One 360 from their website, there was a three dollar fee, but if you do it through the Capital One, you can transfer either way to Capital One from Capital One, there’s no fee either way, which is awesome.
There’s no minimum balance at all, the interest rate of savings checking is almost a four percent which is higher than CD rate, it is unheard of. You can use notes for a three-day-transfer on multiple ATMs, there’s no fee as long as you do it from the right account from Capital One 360.
And you can split up the account. If you have your sinking funds, you can have multiple different accounts. If you want to have the wedding fund, the car insurance fund, the gifts fund, the Christmas funds, the medical fund, it’s all in one the link account but you can separate it and you can see how much is each one. My least favorite thing is the three-day-transfer with all banks.
That is my review on Capital One 360.