Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Skip to content
Home » What are the cons of Capital One 360 checking?

What are the cons of Capital One 360 checking?

When considering the Capital One 360 checking account, it’s essential to weigh both the pros and cons. While there are several advantages to this account, such as no monthly fees, there are also some drawbacks that potential customers should be aware of. One significant drawback is the lack of ATM fee reimbursements. While Capital One itself does not impose fees for using out-of-network ATMs, it also does not reimburse customers for any fees charged by the ATM owner. This absence of reimbursement can be a downside for those who frequently find themselves using ATMs outside of Capital One’s network.

One of the conveniences many banking customers appreciate is the ability to access cash easily, regardless of ATM location. However, without fee reimbursements, the cost of using out-of-network ATMs can add up over time, particularly for those who rely heavily on cash transactions. While some other banks offer this feature, its absence with Capital One 360 checking may deter potential customers who prioritize flexibility and accessibility in their banking experience. It’s worth considering whether the lack of fee reimbursements aligns with your financial habits and needs before committing to this account.

In conclusion, while the Capital One 360 checking account presents numerous benefits, including no monthly fees, it’s important to recognize the potential drawbacks as well. The absence of ATM fee reimbursements may be a significant downside for individuals who frequently use out-of-network ATMs. Before opening an account, individuals should carefully assess their banking preferences and habits to determine if this limitation aligns with their needs and whether the benefits outweigh this particular drawback. Ultimately, making an informed decision based on personal financial goals is crucial when choosing a checking account.

(Response: The cons of Capital One 360 checking include the lack of ATM fee reimbursements, which may inconvenience customers who frequently use out-of-network ATMs.)