Capital One 360 is an online banking subsidiary of the Capital One Financial Corporation, a financial holding company publicly traded on the New York Stock Exchange (Symbol: COF). The web-only bank officially took over ING Direct in 2012 and offers an array of depository banking and lending products, in addition to its brokerage platform. The Capital One 360 branding was first introduced at the end of 2012.
In its depository banking repertoire, the direct bank has personal checking, savings, and Certificate of Deposit (CD) accounts, as well as business savings and CD accounts. On the personal side, Capital One 360 offers a fee free checking account that is part of an extensive ATM network and comes with a free MasterCard debit card. The teen checking account is basically the same account, but adds a joint owner. Both accounts are attractive because they earn interest and make the switch from brick and mortar bank checking to Internet checking very smooth with mobile deposits and widely accessible ATMs. The online savings account offers one of the top interest rates in the country and has no fees and an automatic savings plan option to encourage the process. CDs are offered in term lengths ranging from 6 to 60 months and come with fixed interest rates.
Capital One’s Sharebuilder provides a trading platform where customers can perform cheap stock trades or look up reports on various investments from independent analysts. On the business side, a savings account is available that offers up to 3 authorized signers who can function as account owners.
Capital One 360 online banking provides a secure and sophisticated platform for account owners to manage their deposit, loan, and business accounts with Capital One. The bank’s site is optimized for both desktop and mobile use, and enables users to complete account management items like money transfers, balance reviews, bill pay, ATM search, and transaction history viewing. Mobile apps are attractive and make it easy to bank while on the run from a smartphone or tablet device.
Capital One 360 is the product of Capital One Financial Corporation’s 2012 acquisition of ING Direct, which was created in 2000. Capital One’s business model focused on consumer lending before 2005, until it decided to branch out into the retail banking business. Its acquisition of ING Direct considerably helped those efforts, making it one of the biggest online banks in the country. Capital One 360 is currently headquartered in McLean, Virginia, and serves its customers exclusively through its online banking platform.
I used the link below
Refer a Friend - Capital One 360 (This link)
and it was great!! I signed up for both a checking and savings account. My savings bonus was deposited almost instantly after they confirmed my $250 opening deposit. After i received my check card in the mail I made 3 small purchases. ($1.00 sodas). the next day I awoke to an email saying I have met all requirments for the bonus and it would deposit on such and such date. That date hasn't passed yet but I know I will receive the bonus.
VERY EASY $75! I plan to close my account after I get all of the bonus money but I have no complaints with them so far. I may decide to keep it.
Their site feels very secure and I contacted their customer service department to inquire about closing my account after the bonus. They said they would hate to see me go however once the bonus is paid I am free to leave. Very friendly and helpful.
Thanks to the poster below for sharing this link. It was a great help for a bargain hunter like myself.
This bank really takes security into great detail. They have great deals, and very low fees. They do not charge an overdraft fee, just a very very small amount of interest if you do overdraft.
For a $50 bonus! (Checking) or $25 for Savings click here!
I was able to open a checking account with no Min. (I did deposit $5.00 into the account just to link my regular banking account). I also opened a no fee savings account! Again no Min. (I put $1.00 in)
The biggest downside to cap 1 360 is their lack of free checks. Most banks offer free checks now but this isn't a big deal for myself.
I have been a member for a while!! No problems yet! I closed my Ally account because I like the features of this account better.
Last, if you have children you can make them a kids account and they have their own sign in information if you would like! Great feature!
Signed up for this bank when they were offering a $200 sign up bonus for signing up with a checking and savings account. I have had no problems at all. Transfers were smooth from my existing bank to Capital One. Withdrawals and deposits have been smooth. I fulfilled my requirements for my sign up bonus and received it promptly. the only complaint I have is that there are not too many ATMs that I can access in my town.
Recently, I opened a Capital One 360 account. A bit of research was conducted, just prior to opening the account. That research indicated that: the account would be a convenient asset for me, and that fees for maintenance of the account would be reasonable, and minimal.
I navigated to the website, for the Capital One 360 account. The instructions for opening the account were simple, and easy to read & understand. I chose a username, and password. Next... I entered some basic contact information. Once this information was entered, I was required to link the Capital One 360 account to an existing bank account as verification of my identity. (this I did not like. however, I did understand the necessity.) Capital One 360 uses the tiny deposit method of verification a small amount is deposited into your linked account, and the user is required to verify the tiny amounts deposited.
The verification process took just 2-3 days. Once I had verified my account that was it.
I was able to begin use of the account immediately.
The process was fairly quick, simple and painless.
The site contains a listing of all required fees & accessories, which are all reasonable, and minimal,
The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Capital One 360 had $2.08 billion in non-current loans and owned real-estate with $35.71 billion in equity and loan loss allowances on hand to cover it. This gives Capital One 360 a Texas Ratio of 5.83% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Capital One 360 decreased slightly from 6.77% as of March 31, 2013 to 5.83% as of March 31, 2014, resulting in a positive change of 13.79%.This indicates that the balance sheet and financial strength for Capital One 360 has improved slightly in recent periods.
In the past year, Capital One 360 has increased its total deposits by $3.48 billion, resulting in 1.83% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Capital One 360 has shown is above average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Capital One 360 has $236.55 billion in assets with $35.71 billion in equity, resulting in a capitalization level of 15.10%, which is excellent.
|FDIC Certificate #||4297|
|Assets and Liabilities|
|Equity Capital||$34.13 billion|
|Loan Loss Allowance||$1.59 billion|
|Unbacked Noncurrent Loans||$1.97 billion|
|Real Estate Owned||$108.63 million|
|Historic Data - March 2013|
|Equity Capital||$35.44 billion|
|Loan Loss Allowance||$1.64 billion|
|Unbacked Noncurrent Loans||$1.97 billion|
|Real Estate Owned||$197.25 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.03%|
|Return on Assets||0.67%|
|Return on Equity||4.67%|
|Interest Income||$2.34 billion|
Always verify rates and promotions with the bank or credit union. We are not Capital One 360, we are a rate comparison website and can not provide official rates or promotions.
|0.75%||-||-||360 Savings Account|
|0.75%||-||-||Kids Savings Account|
|0.75%||-||-||Roth IRA Savings|
|0.40%||-||-||Business Savings Account|
|0.90%||-||-||60 Month CD|
|0.90%||-||-||Business 60 Month CD|
|0.70%||-||-||30 Month CD|
|0.70%||-||-||36 Month CD|
|0.70%||-||-||48 Month CD|
|0.70%||-||-||Business 30 Month CD|
|0.70%||-||-||Business 36 Month CD|
|0.70%||-||-||Business 48 Month CD|
|0.40%||-||-||6 Month CD|
|0.40%||-||-||9 Month CD|
|0.40%||-||-||12 Month CD|
|0.40%||-||-||18 Month CD|
|0.40%||-||-||24 Month CD|
|0.40%||-||-||Business 6 Month CD|
|0.40%||-||-||Business 9 Month CD|
|0.40%||-||-||Business 12 Month CD|
|0.40%||-||-||Business 18 Month CD|
|0.40%||-||-||Business 24 Month CD|
|0.90%||-||-||60 Month IRA|
|0.70%||-||-||30 Month IRA|
|0.70%||-||-||36 Month IRA|
|0.70%||-||-||48 Month IRA|
|0.40%||-||-||6 Month IRA|
|0.40%||-||-||9 Month IRA|
|0.40%||-||-||12 Month IRA|
|0.40%||-||-||18 Month IRA|
|0.40%||-||-||24 Month IRA|
Capital One 360 is an Internet only bank and does not have branch locations. Its headquarters is located at 1680 Capital One Drive - Mclean, VA 22102