How good is Capital One bank?
There are no balance minimums or monthly fees, and you won't need to worry about overdraft fees either. Capital One was named best big bank and best bank for ATM access as part of the 2024
Customer experience. A Dec. 2022 study by J.D. Power ranked Capital One highest among nine major banks, with an overall satisfaction score of 694.
Fitch Affirms Capital One at 'A-'/'F1'; Outlook Stable. Fitch Ratings - New York - 16 Oct 2023: Fitch Ratings has affirmed Capital One Financial Corporation's (COF) Long- and Short-Term Issuer Default Ratings (IDR) at 'A-' and 'F1', respectively, and the bank's Viability Rating (VR) at 'a-'.
Yes, Capital One is FDIC-insured (FDIC certificate No. 33954). Each depositor qualifies for up to $250,000 of coverage per account ownership type.
Marketed as a teen checking account, Capital One MONEY is a good option for students ages eight to 17. MONEY checking accounts are joint accounts with a young person and a parent or legal guardian.
Your money is safe at Capital One
Capital One, N.A., is a member of the Federal Deposit Insurance Corporation (FDIC), an independent federal agency. The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.
| Rank by Asset Size | Bank Name | Total Assets |
|---|---|---|
| 6. | PNC Bank | $554.11 billion |
| 7. | Goldman Sachs Bank | $538.13 billion |
| 8. | Truist Bank | $535 billion |
| 9. | Capital One | $468.78 billion |
- The 360 Performance Savings account doesn't include a debit card or an ATM card.
- Higher rates can be found at other online-only banks.
Capital One is a subsidiary of Capital One Financial Corporation, a U.S.-based bank holding company headquartered in McLean, Virginia and founded in 1994. Capital One has been a subsidiary of Capital One Financial Corporation since it was established as a separate division of the company in 1994.
Capital One and Chase both offer the banking basics, such as savings accounts, checking accounts and CDs. But Capital One has higher rates on its savings products than Chase, as well as fewer fees and less stringent minimum balance requirements.
Is Capital One in financial trouble?
Capital One Financial's valuation now exceeds its pre-financial crisis level. The bank's net interest margin is likely to come under pressure due to the Federal Reserve's tightening policy. Credit provisions in the credit card business have remained high, posing a challenge to the bank's profitability.
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
This action results from a CFPB examination that identified deceptive marketing tactics used by Capital One's vendors to pressure or mislead consumers into paying for “add-on products” such as payment protection and credit monitoring when they activated their credit cards.
Capital One is the better option for banking due to typically higher interest rates on its bank accounts and a greater number of credit cards. But Wells Fargo makes sense if you want more in-person locations and a wider variety of banking services, including home loans, personal loans, and retirement accounts.
| Bank/institution | NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service. |
|---|---|
| Schwab Bank Investor Checking™ Read review | 5.0 /5 |
| American Express Rewards Checking Read review | 5.0 /5 |
Our quick take: The Capital One 360 Performance Savings account offers a great, competitive rate with no maintenance or monthly fees and no minimum balance requirements, although it doesn't offer a welcome bonus of any kind. Pros: Competitive 4.35% Annual Percentage Yield (APY) interest rate.
Among the safest US banks, according to Global Finance's November 2022 rankings, are AgriBank, US Bank, CoBank, AgFirst Bank, and Farm Credit Bank of Texas, primarily for those in the agricultural sector.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
The most popular banks in the U.S. are regional banks like Truist Financial, TD Bank and First National of Omaha. The worst banks are Wells Fargo and Citibank. Wells Fargo is the worst bank overall, with a high percentage of unresolved complaints and loss of Better Business Bureau accreditation.
1. JPMorgan Chase. JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.
What is the strongest bank in America?
| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.39 trillion |
| 2 | Bank of America | $2.47 trillion |
| 3 | Wells Fargo | $1.70 trillion |
| 4 | Citigroup | $1.66 trillion |
- Alliant Credit Union: Best credit union.
- Ally Bank: Best bank; best CDs.
- Charles Schwab Bank: Best for ATM access.
- Chase: Best for sign-up bonuses; best for branch access.
- Discover® Bank: Best online banking experience.
Per the lawsuit, “Capital One's conduct caused its 360 Savings account holders to lose millions of dollars of interest in the aggregate since September 2019, and especially since interest rates began rising rapidly in March of 2022.”
The ideal number of bank accounts depends on your financial habits and needs. You might be happy with just two accounts – checking and savings – or you may want multiple accounts to separate business and personal expenses, share a bank account with a partner or maintain separate accounts for various financial goals.
ATM withdrawal limits
Please find the standard limits for some of our products: 360 Checking: $1,000 per day. Money accounts where the account owner is less than 18 years old: $500 per day. Non-360 products: $600 per day.
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