Capital One Student Checking account

Do you want to learn about all the features of Capital One’s student checking account? At Responsible Economy, we provide you with a detailed overview of all the terms offered by Capital One’s student account, along with a comparison to the best student checking accounts available. Let’s get started!

Features

The first thing you need to know is that Capital One does not offer any specific checking account designed for students. If you’re looking to open a checking account with Capital One, you have these two options:

  • MONEY Teen Checking.
  • Capital One 360 checking.

MONEY Teen Checking

MONEY Teen Checking is an account designed for children aged 8 to 18, allowing parents to monitor and manage expenses.

The Capital One MONEY Teen Checking account offers a host of features for young account holders. It stands out as a fee-free account with no minimum deposit or balance requirements. Fee-free cash withdrawals are available at over 70,000 ATMs, including Capital One, Allpoint, and MoneyPass locations. The account also provides the convenience of using Zelle for money transfers. However, it lacks overdraft service and early direct deposit options, and there is no welcome bonus offered. To open an account, applicants must be aged 8 to 18, reside in the United States, possess a Social Security number, and have a US phone number. Pros include widespread branch availability and no monthly fees, while cons include low interest rates and the absence of a welcome bonus.

Capital One 360 checking

Here’s a summary of the key features and details of the Capital One 360 Checking account:

Fees The Capital One 360 Checking account stands out for its fee structure. There are no opening fees or monthly maintenance charges, making it a truly free account. Moreover, there are no minimum balance requirements to worry about.

Minimum Deposit Opening the account doesn’t require any initial deposit or maintaining a minimum balance.

Overdraft Services Capital One offers three options in case of overdraft:

  1. Auto-Decline: Declines transactions causing overdrafts.
  2. Free Transfer: Automatically transfers funds from savings or money market account.
  3. No-Fee Overdraft: Approved transactions resulting in a negative balance have no fees.

Zelle Enjoy the convenience of instant money transfers using Zelle.

ATMs Capital One provides significant ATM benefits. Withdraw cash with no fees at all Capital One ATMs and over 40,000 retail locations across the nation.

Fees A comprehensive table outlines the fees associated with the Capital One 360 Checking Account:

  • Monthly maintenance fee: $0
  • Overdraft services: $0
  • ATMs: No fees at Capital One ATMs and over 40,000 stores, but other ATMs may have commissions.
  • Wires: No fees for incoming transfers, $30 for outgoing transfers.
  • Cashier’s checks: $20 for online orders with overnight shipping, $10 at a Capital One location.

Requirements To open the Capital One 360 Checking Account, you’ll need:

  • A valid driver’s license.
  • Your original Social Security card or a copy of it.

In summary, the Capital One 360 Checking account offers an appealing fee structure with no monthly maintenance fees, overdraft services, and easy access to ATMs. It also includes the convenience of Zelle for money transfers. While other fees may apply in specific cases, the overall package makes it a competitive option for managing your finances.

Comparison best student checking accounts

Here is a comparison between Capital One student checking accounts and the best student checking options available 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

More information about Capital One

We have made a table with interesting information 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
Interesting information about Capital One

Anothers product of Capital One

You also have a list with more Capital One products:

Updated the day 1 September, 2023 by Alfredo Barandiarán

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Abrir chat
Hola 👋
¿En qué podemos ayudarte?