360 Checking from Capital One 360
- No monthly fees
- No ATM Fees
- Mobile app available
- No foreign transaction fee
- 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 ReviewAuthor: John Gower
Capital One 360's 360 Checking covers all the bases you look for in an online checking account, even going above and beyond in many situations.
Like many online accounts these days, it carries no monthly fees, so there's no need to worry about maintaining a minimum balance or direct deposit. Capital One also waives foreign transaction fees, making 360 checking perfect for the well-travelled customer. Even overdraft fees, which can wreak so much financial havoc, are shockingly absent with 360 Checking. Instead, Capital One treats your misstep with a rather appropriate penalty and charges a small amount of interest on the overdrawn amount until you pay it back - much like a credit card.
Being an online bank, Capital One 360 has done well to accommodate the various ways customers may need to access their money. Online banking, of course, is simple to use, and a mobile app makes checking your balance or performing other functions easy from virtually anywhere. You can also deposit checks from home or your phone with CheckMate. Finally, and perhaps most importantly, ATMs are widely accessible, thanks to Capital One 360's partnership with the Allpoint network, which means that combined with Capital One's ATMs, you'll have access to 40,000 machines nationwide.
While the 360 Checking account doesn't pay the very highest rates out there, it does remain competitive for a checking account. Plus, if you're looking for a higher yield you could always open a 360 Savings Account and easily link it to your checking.