Are you interested in a thorough review of Capital One MONEY Teen checking account? At Responsible Economy, we’ve conducted an in-depth analysis of its features, including fees, interest rates, welcome bonuses, requirements, and everything you need to know. Additionally, we provide a comprehensive comparison of the best student checking accounts available in the United States. Welcome!
Features
In this section, we’ll show you all the features that Capital One MONEY Teen checking account offers:
Fees
The Capital One MONEY Teen checking account is a fee-free account. Additionally, there are no requirements to fulfill, except for the age criterion which we will discuss later.
Minimum deposit
Another great advantage of this account is that there is no need to make a minimum deposit or maintain a minimum monthly balance in the account.
Cash withdrawals at ATMs
You can make fee-free cash withdrawals at all Capital One, Allpoint, and MoneyPass ATMs. In total, there are over 70,000 fee-free ATMs across the United States.
Zelle
The Capital One MONEY Teen Checking allows you to conveniently send and receive money using Zelle.
Overdraft assist
This checking account does not offer overdraft service.
Early direct deposit
Even if you have your monthly income direct deposited, you won’t be able to receive your paycheck early.
Bonus
It doesn’t offer any welcome bonus.
Summary table
Here’s a summary table with all the features of Capital One MONEY Teen Checking:
| Features | Capital One MONEY Teen Checking Account |
|---|---|
| Fees | Fee-free account |
| Minimum Deposit | No minimum deposit or monthly balance required |
| Cash Withdrawals at ATMs | Fee-free withdrawals at Capital One, Allpoint, and MoneyPass ATMs (over 70,000 ATMs nationwide) |
| Zelle | Send and receive money conveniently with Zelle |
| Overdraft Assist | No overdraft service available |
| Early Direct Deposit | Paycheck not available for early direct deposit |
| Bonus | No welcome bonus offered |
Requirements
To open a Capital One MONEY Teen Checking, you must meet the following requirements:
- Reside in the United States and provide proof of your address.
- Have a Social Security number.
- Possess a US phone number.
- Aged 8 or above and under 18
Pros
We have made a list with all the advantages that the Capital One MONEY Teen Checking has:
- Wide availability of offices and branches throughout the United States.
- No monthly fees
- One of the best online checking accounts in the country.
Cons
Here we show you all the disadvantages:
- Very low interest rates on the checking account.
- No welcome bonus
Comparison of checking accounts in 2023
We’ve created a table featuring the best student checking accounts available for opening in the United States:
- It is very easy to avoid monthly commissions.
- Welcome bonus of 100 dollars fulfilling conditions.
- More than 16,000 ATMs in the United States.
- $25 minimum deposit.
- Very low interest rates.
- It is very easy to avoid monthly commissions.
- $0 welcome bonus.
- More than 70,000 ATMs in the United States.
- $0 minimum deposit.
- Very low interest rates.
- $0 fees up to 23 years old.
- $0 welcome bonus
- Two withdrawals free
- $0 minimum deposit
- Very low interest rates
- $0 Annual fees
- $0 welcome bonus
- ATMs free: BMO and Allpoints
- $0 minimum deposit
- Very low interest rates
- Easy to avoid monthly commissions
- $0 welcome bonus
- ATMs free: U.S. Bank
- $0 minimum deposit
- Very low interest rates
- Easy to avoid monthly commissions
- $0 welcome bonus
- ATMs free: TD Bank
- $0 minimum deposit
- Very low interest rates
- No monthly fees
- $0 welcome bonus
- More than 70,000 ATMs in the United States
- $0 minimum deposit
- High interest rates.
- It is very easy to avoid monthly commissions
- $0 welcome bonus
- fulfilling conditions
- More than 60,000 ATMs in the United States
- $25 minimum deposit ($0 online)
- Very low interest rates
- It is very easy to avoid monthly commissions
- No welcome bonus
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
Frequent questions
Frequently asked questions about Capital One MONEY Teen Checking:
More information about Capital One
We have made a table with information of interest about Capital One:
| Information | Description |
|---|---|
| Website | https://www.capitalone.com/ |
| https://www.facebook.com/capitalone/ | |
| YouTube | https://www.youtube.com/user/capitalone/ |
| https://twitter.com/capitalone | |
| Phone | 1-800-289-1992 |
Anothers product of Capital One
You also have a list with more Capital One products:
- Certifate of deposit: Here you have a Capital One CD review.
- Savings account: Capital One savings account.
- Checking account: Capital One 360 checking account review.
- Capital One credit cards:
Conclusions
After conducting the analysis, our conclusion is that the Capital One MONEY Teen Checking account is an excellent choice because it comes with no maintenance fees, allows fee-free cash withdrawals at over 70,000 ATMs across the United States, and provides parents with access to the account for expense monitoring. On the downside, it offers minimal interest on savings and is only available for individuals aged between 8 and 17 years old.
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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