What Fees Does Capital One Charge?

AccountFee.com’s Summary – Understanding Capital One Fees for Checking Accounts:
Capital One is one of the top 5 most recognized banks in America. They have opened branches and run TV commercials regularly. Capital One fees are based on three packages of checking accounts: 360 degrees, essential and high yield checking accounts. The monthly checking fees are $0, $8.95 and $0 respectively.

Get to Know Capital One:
Capital One bank is the 8th largest bank in the US. The bank was started in 1994 as a subsidiary of Signet Financial Corp. It later became an independent entity in 1995. Capital One started as a credit lender for consumers with the main product being credit cards. They are a very large national bank comparable to Citigroup, JP Morgan Chase, and Well Fargo.

Checking Account Fees at Capital One Bank
Capital One expanded into retail banking by acquiring existing banks like Hibernia National bank, North Fork Bancorporation, Chevy Chase and ING Direct. In 2011, the bank sold off its US credit card division to HSBC.

Currently, Capital One has 812 branches. There are 10 café design branches for its 360 service. The bank has 2,000 ATMs but customers can also be serviced at 38,000 Allpoint ATMs. The bank is listed 112th in Fortune 500. In 2015, the bank had assets worth $334 billion and an annual income of $25 billion.

According the bank’s website, Capital One fees come from three kinds of checking accounts each with different fees;

1. 360 checking account

• No monthly charge
• Free use of Capital One and Allpoint ATMs. Charges apply for withdrawing at other banks’ ATMs
• $9 charge if there is a Non-Sufficient Funds alert when a check is drawn on insufficient funds.
• $25 for stopping a check that has been issued.
• $5 per statement
• $40 for outgoing wire transfers
• $5 per checkbook order. The first is free.
• $20 for a cashier’s check guaranteed by the bank

2. Essential checking account

• Monthly fees of $8.95 which can be waived by maintaining $300 minimum daily balance, or receive $250 direct deposit in a statement cycle.
• $50 minimum deposit on account opening
• Free use of mobile banking and paying bills
• Free withdrawal at Capital One branded ATMs.
• $2 for withdrawing from other banks’ ATMs in the US and $2 plus 3% of the withdrawn amount for withdrawing at international ATMs outside the US.
• $35 for overdraft facilities that take the balance below zero. This does not apply if the overdraft is less than $5.
• $15 for incoming wire transfers. Domestic outgoing wires are charged $25, while $40 applies for outgoing wires in foreign currency, and $50 for outgoing wires in US dollars.

3. High yield checking account

• No monthly fees
• $5000 minimum deposit balance
• Free online banking and bill paying.
• Free ATM withdrawals. Refunds of up to $15 for charges for withdrawing at other banks’ ATMs
• $35 for overdraft facilities that take the balance below zero. This does not apply if the overdraft is less than $5.
• $35 for stop payments per each check stopped

AccountFee.com’s Editor’s Notes on Capital One Checking Account Fees:
Capital One has a friendly policy for customers with high transactions. The charges for normal deposit and withdrawals are friendly while charges for other services like checks and wires are a bit steep.

Article: What Fees Does Capital One Charge?