Capital One 360 360 Checking Review | NerdWallet
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360 Checking from Capital One 360

Account Details

at Capital One 360

Account Benefits
  • No monthly fees
  • No ATM Fees
  • Mobile app available
  • No foreign transaction fee
Monthly Fee
  • $0.00
All Other Fees
  • Out of network ATM: $0.00
  • Overdraft/NSF: $0.00
  • Paper statements: $0.00
  • Stop payment: $25.00
  • Returned deposited item: $0.00
  • Early closure: $0.00
  • There is no flat fee to use overdraft - you only need to pay interest if the account balance drops below zero and triggers use of an Overdraft Line of Credit

Editor's Review

Author: Virginia C. McGuire

Capital One 360 Checking Account
Pros Cons
  • No monthly account fees, ATM fees or foreign transaction fees
  • A great mobile app
  • A budgeting app with the ability to expand details on specific transactions
  • No overdraft fee; just interest (11.25% APR) charged on the amount you're overdrawn
  • Interest on checking balances
  • The mobile check deposit app can be finicky, refusing to read the image, and the $5,000 daily limit may be too low for some customers
  • The lack of branch offices in most states may be a deal-breaker for some
  • You need a balance of at least $100,000 to earn the highest possible APY (0.9%)


360 Checking from Capital One 360 is an excellent all-around checking account, with few fees and a great online banking experience.

Low fees

Capital One 360 has a good fee structure -- by which we mean it charges hardly any fees. You won't pay a monthly account fee, ATM fees or foreign transaction fees. You won't even pay an overdraft fee, just an interest rate of 11.25% APR on your negative balance.

Extra perks

Many checking accounts don't offer interest, so Capital One's 0.20% annual percentage yield on balances up to $50,000 is a plus. Higher balances earn even more. The mobile banking app is as slick as the online banking interface, which includes easy transfers between your checking account and Capital One 360 savings accounts. Even though it's an online checking account, you'll have access to more than 40,000 ATMs.

Room for improvement

We'd like to see Capital One 360 offer a rewards checking option similar to Capital One Rewards Checking, which offers miles for debit card purchases. We also hope it'll bring back mobile person-to-person payments, which were temporarily suspended in June 2015, according to an email from the company.

Want more information? Check out our full Capital One 360 bank review.