Capital One Documents » Global Financial Solutions

Essential Checking

Explanation of Various Key Services and Charges
Here are some details about Essential Checking services.

Key Account Terms and Charges
Monthly Service Charge

$8.95

Includes free debit cards, use of Capital One® image-enabled ATMs and
access to our extensive branch network.

Balance Requirement to
Avoid Monthly Service
Charge

$300 or a direct
deposit of at least
$250

• No monthly service charge when you keep a minimum daily balance of $300
or more in this account OR

Minimum Deposit to
Open Account

$50

A minimum deposit required at time of account opening.

Pays Interest

This account does not earn interest.

Online Banking and Bill Pay

Free

There’s no charge for Online Banking or Bill Pay with this account.

Capital One-Branded ATMs

Free

When you use a Capital One-branded ATM to complete any transaction.

Domestic Non-Capital One
Bank ATMs

For transactions made at non-Capital One-branded ATMs in the U.S. (plus any
fees the ATM owner charges).

International ATMs

$2 per transaction
plus 3% of the total
transaction amount

For transactions made at ATMs outside of the U.S., Puerto Rico and the U.S.
Virgin Islands. This international ATM charge is in addition to fees that may be
charged by the ATM operator.

• You receive at least one direct deposit in the amount of $250 or more each
statement cycle.

ATM Charges

If you have any questions, call us at 1-800-655-BANK (2265) or visit us at capitalone.com. For detailed account information, a list of other charges that
may apply to your account, or the Funds Availability Policy, please review the Essential Checking account disclosure and Rules Governing Deposit Accounts
agreement. Revised 4/2017.

1 of 5

Essential Checking
Overdraft Options
Option 1:
Default Coverage

Automatic

ATM/everyday debit card transactions that would overdraw your account are
generally declined. For other overdrafts, such as checks, $35 fee if transaction
paid, $35 non-sufficient funds (NSF) fee if declined.

Option 2:
Full Coverage

Opt-In Required

ATM/everyday debit card transactions that would overdraw your account are
considered for payment; $35 fee if transaction paid, $0 if declined. For other
overdrafts, such as checks, $35 fee if transaction paid, $35 NSF fee if declined.

No Coverage

You can always let us know that you do not want any coverage. Transactions
that will overdraw your account will generally be declined. ATM/everyday debit
card transactions will not incur an NSF fee; other transactions, such as checks,
ACH transfers, etc., will incur a $35 NSF fee.

Overdraft Transfer
Linked to Checking or
Savings Account

No Fee

If you are enrolled, a single transfer will be initiated at the end of the business
day to cover overdraft transactions.

Overdraft-Related Charges
Overdraft

$35

If we choose to pay a transaction (debit, ATM, check, ACH, etc.) even though it
takes your account balance below zero. This fee only applies to debit and ATM
transactions if you opt in.

Non-Sufficient Funds (NSF)

$35

If we choose to decline a check or ACH transaction due to insufficient funds in your
account. These transactions may be subject to additional charges or penalties
charged by the payee.

Extended Overdraft
Charge

Free

Some banks charge for keeping a negative account balance for consecutive
days. We won’t charge you for this.

Maximum Number of
Overdraft Fees Per Day

Four

We won’t charge your account more than four fees (overdraft or NSF) in a day.

Overdraft Fee Threshold

We won’t charge a fee if your account is overdrawn by $5 or less at the end of
the day.
If your account is overdrawn by more than $5, a fee will be charged on each
overdraft transaction, regardless of the amount.
For example, if two transactions of $2.50 each cause an overdraft totaling
$5.00, we won’t charge any overdraft fees. If three transactions of $2.50 each
caused an overdraft totaling $7.50, you would pay a fee on each $2.50 charge.

2 of 5

Essential Checking
Ways to Avoid Overdraft Charges
Use online, mobile, and telephone banking to stay on top of your account.

• Set up low balance and overdraft alerts by text or email (carrier fees may apply).

• Make a no-cost transfer between your Capital One Bank accounts either through Online Banking, at Capital One-branded ATMs,
or at your nearest location.
• Make free transfers to your account from most other banks and brokerage firms.

• If you have previously opted in to have ATM withdrawals and everyday debit card transactions considered for overdraft coverage,
you can opt out anytime. Or, if you prefer, you can opt out to have all types of transactions declined if they would cause an overdraft.

3 of 5

Essential Checking
How Deposits and Withdrawals Work
The Order in Which
Withdrawals and Deposits
Are Processed

We’ll post items to your account using the following priority:

• Credits received by the close of our business day, like check or cash deposits that increase your
balance, generally post to your account before everything else.
• Debits, like ATM withdrawals and debit card transactions that decrease your balance, will be
divided up into categories of similar types of transactions—and we’ll use the date and time of your
transactions when we have them. If we don’t have this information, we’ll post transactions based on
dollar amount. Visit www.capitalone.com/bank/credits-and-debits/order for more details.

When Your Deposits
Are Available
(Funds Availability Policy)

Same Business Day
• Electronic deposits received (i.e., direct deposit or wire transfer).
Next Business Day
• Our general policy is to make your funds available for withdrawal on the first business day after the
day we receive your deposit.
• State and local government checks; cashier’s, certified or teller’s checks; and traveler’s checks if the
checks are payable to you and you request that the teller use a special deposit slip when processing
your deposit.
Second Business Day
• In some cases, we may delay your ability to withdraw funds beyond the FIRST business day. The
delayed funds will generally be available by the SECOND business day after the day of deposit;
however, the first $200 will be available
on the FIRST business day.
Longer Delays May Apply
• Funds you deposit by check may be delayed for a longer period under certain circumstances.
• We’ll notify you if we delay your availability to withdraw funds for any reason, and we’ll tell you when
the funds will be available.
Business Day and Cutoff Times (when deposits are considered received)
• A “business day” is every day except Saturdays, Sundays, and federal holidays.
• Deposits made at a branch on a business day will be credited that business day. Deposits made at an
ATM after 9 p.m. ET/8 p.m. CT will be credited the next business day.

Related Charges
Stop Payment

$35 per item

A request by the customer not to honor a specified check drawn on his or her
account before it’s paid.

4 of 5

Essential Checking
Optional Services

You may never need any of these services, but we want to provide you with the charges that apply just in case.

Statement Services
Statement Balancing

$20 per hour

We’ll balance your account for you. There’s a $10 minimum charge.

Snapshot Statement
(without checks)

$5 per statement

Printing a statement of your account transactions from the last statement
date through the mid-statement date you provide.

Statement Copy

$5 per statement

Providing additional copies of your statement that you pick up at a branch or
ask us to fax or mail.

Statement Copy from
Online Banking

Free

Downloading and printing statement copies from the past 18 months using
Online Banking.

Wire Transfer Services
Domestic and Foreign
Incoming

$15 per transfer

A wire transfer that’s deposited into your account from another bank account.

Domestic Outgoing

$25 per transfer

A wire transfer that you send from your account to another U.S. bank account.

Foreign Outgoing

$40 per transfer
if wire is in foreign
currency

A wire transfer that you send from your account to a bank account outside of
the U.S.

$50 per transfer if
wire is in U.S. dollars

Miscellaneous
Orders for Checks or
Supplies

Varies (based on
items ordered)

An order of personal checks, deposit slips, or other.

Cashier’s Check

$10 per check

A check guaranteed by the bank.

Document Copies

$5 per item

We’ll provide paper copies of some documents that you request.

Account Research

$20 per hour

We’ll research your account for you. There’s a $10 minimum charge.

Collections (Domestic)

$20 per item

We facilitate a payment for a non-check item drawn on a U.S. bank, such as a
draft.

Collections (Foreign)

$35 per item

We facilitate a payment for an item that’s drawn on a non-U.S. bank.

5 of 5

You missed

Choosing a Bank to Grow With

Fidelity Day Trade Counter

Integrating The Federal Registrar Into The CFR

Bank of America Ohio Locations – ATM ONLY