Capital One 360 Review [2025]: It Checks Nearly All the Boxes

Capital One is an excellent option if you're looking for a one-stop banking shop, offering a suite of loans, credit cards, and bank accounts. Many of these accounts check all of the boxes I look for when evaluating online banks, as they offer high interest rates and no fees, even if you overdraw your checking account. I also place a lot of value on the positive customer reviews and highly rated mobile app.

That said, Capital One may not be the best choice for everyone. For example, if you prefer to do most of your banking in-person or if you are looking for the absolute highest interest rates you can find, there may be better alternatives for you.

Capital One 360 pros and cons

Capital One 360 overview

For a relatively new bank, Capital One has grown rapidly. It launched in 1994, and the original founder Richard Fairbank still serves as chairman and CEO of the company, which is based out of McLean, Virginia. Today, it is one of the top 10 biggest banks in the country, with around 280 in-person branches.

Capital One bank has a unique setup for its in-person branches. There are traditional bank branches that look like the ones you expect at other banks. But the company also offers 56 "Capital One cafés" sprinkled throughout the country, blurring the lines between a hip hangout spot and a retail bank to create a more comfortable atmosphere. Most of its business, however, is online.

360 Checking

As long as you don't mind banking online, Capital One 360 offers just about the best checking account you can find. One of the benefits that stands out to me the most is the fact that Capital One has flipped the traditional banking model around. Most large banks charge you lots of fees with checking accounts and offer zero interest, but Capital One does the opposite — it charges no monthly maintenance fees and no overdraft fees, yet you'll earn interest (albeit at a small rate) on all of the money in your account.

Account holders can access their funds at more than 70,000 fee-free ATMs in the MoneyPass and Allpoint network as well as Capital One-branded ATMs. Capital One also offers mobile check deposit, bill pay, and the ability to send funds with Zelle.

Like most online banks, making cash deposits is a bit trickier. However, it is still possible, which is a huge perk. Capital One has partnered up with CVS so you can deposit cash into your account at any CVS location. There are over 9,000 locations nationwide so it's quite accessible, but you'll want to check to see if there's a location near you first if depositing cash is something you'll need to do frequently.

Alternatives to consider

You can find a lot of great checking accounts with some perks similar to Capital One's checking product. These are a few of our favorites.

Featured Checking Accounts

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

SoFi Checking & Savings - Earn Up to $300 When You Set Up Direct Deposit

Earn up to 3.80% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) <b>OR</b> $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. See full bonus and annual percentage yield (APY) terms at <a href="http://www.sofi.com/banking#1">sofi.com/banking#1</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p> <p>SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p> and collect up to a $300 cash bonus with direct deposit or $5,000 or more in qualifying deposits.² <p>SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p> FDIC Insured.³ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

Learn More

4.6

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best for Bad or No Credit

Chime® Checking⁴ <p class="">Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A.; Members FDIC.&nbsp;<br></p> - No Monthly Fees⁵ <p>There’s no fee for the Chime Savings Account. Cash withdrawal and Third-party fees may apply to Chime Checking Accounts. You must have a Chime Checking Account to open a Chime Savings Account.</p> + Get paid up to 2 days early with direct deposit⁶ <p>SpotMe® for Credit Builder is an optional, no interest/no fee overdraft line of credit tied to the Secured Deposit Account; SpotMe on Debit is an optional, no fee service attached to your Chime Checking Account (individually or collectively, “SpotMe”). Eligibility for SpotMe requires $200 or more in qualifying direct deposits to your Chime Checking Account each month. Qualifying members will be allowed to overdraw their Chime Checking Account and/or their Secured Deposit Account up to $20 in total, but may be later eligible for a higher combined limit of up to $200 or more based on member’s Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your SpotMe Limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your SpotMe Limit. Your SpotMe Limit may change at any time, at Chime or its banking partners’ discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions or OTC cash withdrawal fees at retailers. SpotMe won't cover non card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. <a href="https://www.chime.com/policies/">SpotMe on Credit Builder Terms and Conditions</a>.</p>

Checking Account. No minimum balance. FDIC Insured through The Bank Corp Bank, N.A. or Stride Bank, N.A.

Open Account

4.5

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Online Checking Account

Discover® Cashback Checking

Earn 1% cash back on up to $3,000 in debit card purchases each month.⁷ <p>See website for details.</p> No minimum deposit or balance. FDIC Insured.

Learn More

360 Performance Savings

The Capital One 360 Performance Savings account is exactly what I typically look for in an online savings account — simple and rewarding.

The account itself offers a competitive interest rate compared to most online banks, which is far more than the savings rates you'll earn at most brick-and-mortar banks. It's also much higher than the national average. (Even so, it is still possible to find higher rates than Capital One's.)

Earn 3.60% APY⁹ <p>A rate of 3.60% Annual Percentage Yield (APY) applies to all account balances. Advertised rates are variable and effective as of 4/25/25. Rates are subject to change at any time before or after account opening.</p> — One of The Nation's Top Savings Rates

4.9

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

CapitalOne 360 Performance Savings Benefits

• There are no monthly fees to get between you and your money. Zero never sounded so good
• Manage your savings on-the-go with our top-rated mobile app
• Put saving on autopilot with an automatic savings plan and 360 Performance Savings

4.9

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Learn More

Alternatives to consider

Although this is a strong savings account, we recommend checking out UFB Portfolio Savings if you're looking for a savings account with ATM access or American Express® High Yield Savings if you're an Amex cardholder.

4.8

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

UFB Portfolio Savings - 4.01% APY¹⁰ <p> The Annual Percentage Yield (APY) is accurate as of 12/9/2024. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.</p>

High Yield Savings Account. No Minimum Balance. FDIC Insured.

Learn More

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

American Express® Savings - 3.70% annual percentage yield (APY)¹¹ <p>The Annual Percentage Yield (APY) as advertised is accurate as of Feb. 21, 2025. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened.&nbsp;</p>

High Yield Savings Account. No Minimum Required Deposit or Balance.¹² <p class="">There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.</p> Terms Apply.

Learn More

360 CDs

You'll find similarly high rates for Capital One's 360 certificates of deposit (CDs) with term lengths ranging from six months to five years. One thing I especially like is that there are no minimum deposit requirements. Unlike most banks, which require a minimum balance of several hundred (or thousand) dollars, Capital One's CDs are accessible to anyone.

Once you open a CD, though, it's best not to withdraw the money until it matures. If you withdraw funds from your CD early, you'll need to withdraw the entire CD balance (no partial withdrawals are allowed), and your penalty will be three months' worth of interest (for term lengths under a year) or six months' worth of interest (for term lengths over a year).

If you leave it in the account until it matures, though, it'll automatically renew for another term at whatever rate is currently being offered. But you do have a 10-day grace period to withdraw the cash if you want.

MONEY Teen Checking

Although this account is branded as for teens, any child as young as eight is eligible to open an account and start learning how to manage a checking account, complete with a debit card. Note that this account doesn't allow them to write checks, although that may or may not be important to you.

This account works as a joint account with an adult. For children between the ages of eight and 12, that adult must be their parent or guardian. Once they do become a teen, though, any adult can serve as the joint adult on the account. Adults have a separate account login to monitor their child's spending and set up transfers, such as one-time rewards or automatic transfers for an allowance.

Kids Savings

Kids of any age are eligible for the Kids Savings account if they have an adult who can serve as a joint account owner. Just like with the teen checking account, though, only parents or guardians can serve as joint owners until they're past age 12. Adult joint owners can also log into the account with separate logins to control and view their child's account.

What we like about Capital One

• No monthly fees: Most large banks charge monthly fees with options to have those fees waived if you have direct deposit or maintain a certain account balance. But with Capital One, you won't have to worry about tracking and meeting those requirements each month. To me, this is a big perk, as it provides a simple, stress-free experience managing your money.
• No overdraft fees: Another stress-free perk that Capital One pioneered is waiving all overdraft fees. When you sign up, you can opt to have overdrafts declined, set up free transfers from your savings account, or have Capital One cover the charge at its discretion, to be repaid from your next deposit. This is another benefit that allows you to simplify your money management.
• High interest rates: Online banks are known to offer higher interest rates, and Capital One's high-yield savings account is no exception. And while you could probably find a slightly higher rate elsewhere, to me, the other benefits associated with the savings account make the rates competitive enough to still be very attractive.
• High customer satisfaction ratings: Capital One gets consistently high ratings for its mobile app and for overall customer satisfaction on national J.D. Power surveys. This is something I always look for when evaluating any bank or product. You never know when you will need to reach out for support, and it's comforting to me to know that customer service is responsive and helpful.
• Great suite of loans and credit cards: This Capital One 360 review focuses on the banking side of things, but should you need other financial products such as a loan or credit card, Capital One also offers some popular credit cards. Learn more about Capital One credit cards.

What Capital One could improve

• Rates for kids' savings accounts: Capital One's kids savings account offers a rate significantly lower than its standard account. While this is somewhat common among kids savings accounts, you could definitely find higher rates at competitors.
• In-person support: Sometimes you need to deal with things in person. For example, you might need to get a form notarized or deposit cash. It's hard to do that with any online bank, and Capital One is no different. However, to be fair, if it operated a large number of physical branches, it probably wouldn't have as many benefits as it does now.

Who is Capital One best for?

If you prefer handling all of your banking from the convenience of the internet and you're looking for a good all-around banking solution with one financial institution, it's hard to go wrong with Capital One. Its high rates and low fees combine with a well-designed mobile app to make a truly exceptional online banking experience, and that's backed up by independent reviewers.

We wouldn't recommend Capital One or any other online bank if you tend to handle a lot of cash. That said, Capital One still offers more support for cash deposits than most other online banks via its limited network of branch locations and its wider access to CVS stores that accept deposits. Many other online banks don't allow cash deposits at all, in any form.

Alternatives to Capital One 360

There are many online banks to choose from these days. It's a good idea to review some of Capital One's top competitors before you open an account.

Discover

Discover is a natural alternative to Capital One 360, as another online-only bank and well-known credit card issuer. It offers a similar product suite, with a savings account, money market account, CDs, and a checking account. While all of these are worth opening because they offer competitive rates with very few fees, we most recommend Discover for its checking account, Discover Cashback Debit. This account earns 1% cash back¹³ <p>Earn 1% cash back on up to $3,000 in debit card purchases each month. See Deposit Account Agreement for details on transaction eligibility, limitations and terms. Deposit Account Agreement can be found at <a href="https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf">https://www.discover.com/content/dam/dfs/online-banking/documents/NationalDepositAccountAgreement.pdf</a>.</p> on up to $3,000 in debit card purchases each month.

You might not get a lot of benefit out of this account if you're primarily a credit card user, but we think it's still generally a better option than a checking account with Capital One 360 if you use a debit card at all. If you don't, go with Capital One 360 to earn a bit of interest on your balance. Learn more about how Discover and Capital One checking compare.

Visit Discover or read our full Discover Checking review.

SoFi®

SoFi Checking and Savings is a better choice than Capital One 360 if you're looking to earn a higher rate — currently 0.50% (as of 01/24/25) APY with direct deposit on checking account deposits and up to 3.80% APY with direct deposit on savings account deposits.² <p>SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p> Although this rate is comparable to Capital One's rate on savings, you can earn more on your checking balance with SoFi.

You can deposit cash at any GreenDot location. Like Ally, SoFi® doesn't offer kid's accounts. SoFi is a Member, FDIC.³ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

Visit SoFi Checking and Savings or read our full SoFi checking and savings review.

FAQs

Bottom line

If you're looking for a stress-free banking experience without sacrificing quality, Capital One is a great choice. It has a wide range of products that can help you reach your personal finance goals.

If you use cash a lot, pull money from ATMs frequently, or prefer to earn top-level rates, you might be better off with a different bank. Check out our list of the best banks for more options.

Reach Your Savings Goals Faster

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

2025 award winner Best Checking and Savings Combo

SoFi Checking and Savings Benefits

• Earn up to 3.80% APY¹ <p>New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) <b>OR</b> $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. See full bonus and annual percentage yield (APY) terms at <a href="http://www.sofi.com/banking#1">sofi.com/banking#1</a>. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.</p> <p>SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p> and collect up to a $300 cash bonus with direct deposit or $5,000 or more in qualifying deposits² <p>SoFi members who enroll in SoFi Plus with Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi Plus members are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of Jan. 24, 2025. There is no minimum balance requirement. Additional information can be found at <a href="http://www.sofi.com/legal/banking-rate-sheet">http://www.sofi.com/legal/banking-rate-sheet</a>. See the SoFi Plus Terms and Conditions at <a href="https://www.sofi.com/terms-of-use/#plus">https://www.sofi.com/terms-of-use/#plus</a>.</p>
• No account, overdraft, or monthly fees¹⁴ <p>We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at <a href="http://sofi.com/legal/banking-fees/">sofi.com/legal/banking-fees/</a></p>
• Get your paycheck up to two days early¹⁵ <p>Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.</p>
• Access additional FDIC insurance up to $3 million³ <p><b style="font-family: Rubik, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, sans-serif;">SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations.&nbsp;Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at&nbsp;<a href="http://sofi.com/banking/fdic/sidpterms">SoFi.com/banking/fdic/sidpterms</a>. See list of participating banks at <a href="http://sofi.com/banking/fdic/participatingbanks">SoFi.com/banking/fdic/participatingbanks</a>.</b></p>

5.0

FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.

Open an account with SoFi here

Author Details

Lindsay VanSomeren

Lindsay VanSomeren is a writer for FinanceBuzz based in Suquamish, Washington. Originally a wildlife biologist, Lindsay became passionate about helping others learn smart financial moves after seeing how positive money habits made a big difference in her own life.

Author Details

Lisa Dammeyer

Lisa Dammeyer is a writer for FinanceBuzz and an accomplished editor focused on personal finance and investing. She got her start in the finance industry in 2020 when she worked at a stock market news website. In that role, she helped lead a team of editors as they covered the biggest news stories in the market each day.