Bank of America vs Capital One: Which Is Better?

Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. They also offer no minimum deposits or service fees.

On the other hand, Bank of America is one of the largest banks in the U.S. with over 5,000 locations and 16,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

	Capital One	Bank Of America
Locations	Online Only	4439 branches (Locator)
ATMs	Over 39,000 no-fee Capital One & Allpoint ATMs	Over 16,000 ATMs
Savings	3.5/5	3/5
CD	5/5	2/5
Checking	4.5/5	2.5/5
Money Market	4/5	Not Eligible
Customer Service	4.5/5	4/5
Mobile App	4.5/5	4.5/5
Pros	Overdraft protection options No account minimums 27 Capital One cafes for in-person support	National availability Extended customer service hours Full service bank
Cons	Lower savings APY compared to other online banks	No free checking option Low Interest Rests Many misc. banking fees
Bottom Line	Good online bank with access to in-person support.	Bank of America offers a nationwide network, many account options, and user-friendly online banking.

Capital One Promotions

Capital One is an online bank and is currently offering a variety of checking, savings as well as investment accounts to meet your financial needs. Additionally, you will be able to utilize all the account features and benefits associated with your new account.

All Capital One 360 checking accounts come with these features:

• Online Banking: You can access your funds at anytime, anywhere in the world as long as you can access the internet.
• Financial Team: You can consult with a variety of experts to determine the best move for your money
• Mobile Banking & mobile deposits: With a tap of a finger, you can manage your money in the palm of your hand with any smartphone.

What to Open at Capital One

Keep your eye out on these great Capital One products:

• Consider opening a Performance Savings account online to receive an interest rate of 1.50% APY Rate on your funds.

Bank of America Promotions

While Bank of America is one of the largest banks in the U.S. they also provide a variety of other fantastic features:

• Over 4,000 locations and 16,000 ATMs
• Fantastic customer service with extended hours
• They offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge

Bank of America offers one checking account with three tiers. This is made so you can upgrade your account at any time to better meet your individual needs.

• Advantage SafeBalance: This setting has no overdraft fees – you can only spend what you have. There are no paper checks. The $4.95 monthly fee can be waived if you are a student under 24, or if you are enrolled in Preferred Rewards. The minimum opening deposit is $25.
• Advantage Plus Banking: The $12 monthly service fee can be waived if you: maintain a balance of $1,500, OR have one direct deposit of at least $250 each month, OR be a student under 24. This account allows you to enroll in overdraft protection. The minimum opening deposit for this setting is $100.
• Advantage Relationship Banking: The $25 monthly service fee can be waived if you maintain an average balance of $10,000 in your combined Bank of America deposit accounts and Merrill Edge/Merrill Lynch investment accounts. The minimum opening deposit is $100.

Conclusion

In conclusion, Capital One and Bank of America both offer fantastic features, service and care for their customers. With a range of checking, savings as well as money market options, you will definitely find an account to personalize your banking experience.

For more variety of options, see our list of the best bank account bonuses & savings account offers.

Huntington Bank Bonuses & Promotions: $100, $400, $1,000 Checking Offers 2024

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Chase Coupon Codes 2024 ($100, $200, $300, $400, $500, $700, $2000 Checking Bonuses)

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