Here is a detailed guide to help you with Capital One savings account requirements.
Having a savings account is not much of a problem nowadays as there are many financial institutions that you can attend to that need.
However, the most important of it all is to find out what you will need to open a savings account at the particular bank you intend to.
Capital One Bank operates various savings account products. Regardless of how much you earn, there is a way you can start saving with them.
Of course, this sounds sweet, but to have one, you need to know what the Capital One savings account requirements are.
Capital One Savings Account Requirements
The following are the requirements to open a Capital One savings account:
- A government-issued ID or passport
- Social Security Number
- Fill out the account application form. This form requires information like; Full name, Date of birth, Mailing address, Email, Phone number, Employment information, and information.
- Proof of income
- You’ll also need to consent to the terms and conditions of the account.
What Is The Minimum Balance Requirement For Capital One Savings Account
There is no minimum balance requirement for a Capital One savings account.
This bank operates two savings accounts, namely; the 360 Performance Savings and Kids Savings account.
All of these accounts have no minimum balance requirements. This implies that there is no fee to be charged for monthly maintenance of the account.
Savings Account Withdrawal Limit
Capital One Bank’s savings account is characterized as a high-yield savings account that allows account-holders to withdraw money from the account six (6) times in a month.
Withdrawing money from your savings account comes with no stress. There are various avenues through which individuals can initiate and confirm withdrawal transactions.
These include; using an ATM, via online banking, or in-person at their branch.
As already said, Capital One allows up to 6 withdrawals per month.
Any additional withdrawal may incur charges or lead to the closure of the account.
For more information, call Capital One at 1-877-383-4802.
Let’s end here for now on Capital One Savings account requirements.