Capital One Basic Checking – Essential Checking Account
- Monthly Service Charge $8.95
- $300 Monthly Daily Minimum to Avoid Fee
- $50 Deposit to Open Account
- No Interest
- $2 Charge for Using Non-Capital One ATM
- International ATM is $2/transaction + 3% of Total Charge
- Overdraft $35/occurrence
- No Extended Overdraft Charge
- Incoming Domestic and Foreign Wires $15
- Outgoing Domestic Wire $25
- Outgoing Foreign Wire $40 (in foreign currency) $50 (in USD)
- Cashier’s Check $10
Capital One offers a basic checking account with online banking and a decent mobile application. The low $300 balance compares well against other online banks, but not offering interest takes a few points off. With the infrequent placement of Capital One ATM’s in most cities, it would make it difficult to have access to cash without paying the $2 fee every time you make a withdrawal.