Capital One MONEY Teen checking account

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

Capital One MONEY Teen checking account

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:

FeaturesCapital One MONEY Teen Checking Account
FeesFee-free account
Minimum DepositNo minimum deposit or monthly balance required
Cash Withdrawals at ATMsFee-free withdrawals at Capital One, Allpoint, and MoneyPass ATMs (over 70,000 ATMs nationwide)
ZelleSend and receive money conveniently with Zelle
Overdraft AssistNo overdraft service available
Early Direct DepositPaycheck not available for early direct deposit
BonusNo welcome bonus offered
Capital One MONEY Teen Checking features

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:

Logo Chase
  • 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.
Capital ONE MONEY Teen checking
  • 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.
Truist Bank logo
  • $0 fees up to 23 years old.
  • $0 welcome bonus
  • Two withdrawals free
  • $0 minimum deposit
  • Very low interest rates
BMO logo
  • $0 Annual fees
  • $0 welcome bonus
  • ATMs free: BMO and Allpoints
  • $0 minimum deposit
  • Very low interest rates
Logo U.S. Bank
  • Easy to avoid monthly commissions
  • $0 welcome bonus
  • ATMs free: U.S. Bank
  • $0 minimum deposit
  • Very low interest rates
TD Bank logo
  • Easy to avoid monthly commissions
  • $0 welcome bonus
  • ATMs free: TD Bank
  • $0 minimum deposit
  • Very low interest rates
Capital ONE MONEY Teen checking
  • No monthly fees
  • $0 welcome bonus
  • More than 70,000 ATMs in the United States
  • $0 minimum deposit
  • High interest rates.
Logo PNC Bank
  • 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
Bank of America logo
  • 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
Wells Fargo logo
  • 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:

InformationDescription
Websitehttps://www.capitalone.com/
Facebookhttps://www.facebook.com/capitalone/
YouTubehttps://www.youtube.com/user/capitalone/
Twitterhttps://twitter.com/capitalone
Phone1-800-289-1992
information of interest about Capital One

Anothers product of Capital One

You also have a list with more Capital One products:

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.

Related content

Finally, you have articles related to bank accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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