Capital One - A Full-service Online Bank With No Monthly Fees

Capital Bank is known for its extensive credit card offerings and online banking. Although it only has limited branches in selected u.s states, it reached a large set of customers with its full-service online bank. If you need to open an account, Capital One Bank Hours would help you to get one by providing the important factors and services of the bank.

Capital One - History

Richard Fairbank and Nigel Morris founded Capital One with the name of Oakstone Financial in 1988 with the support of Richmond, Virginia-based Signet Bank.  Oakstone Financial was later renamed Capital One in October 1994, and the spin-off was completed in February 1995.

Capital One expanded its business to the United Kingdom and Canada in 1996. This gave them access to the large international market for their credit cards and increased their company’s worth to $12.6 billion in credit card receivables and served more than nine million customers. By this their stock price hit the $100 mark for the first time in 1998.

The company operates on the following three divisions

  • Capital one credit card
  • Capital one 360 – consumer banking
  • Capital one commercial banking

Credit Cards

Capital One offers a wide range of credit cards including travel rewards cards, cashback cards, a student card, a secured card, and several business credit cards. As of 2016, it was the third-largest credit card issuer in the United States, with 62.5 million active cardholder accounts, representing 11.13% of the total market share.

Capital one 360 - consumer banking

Capital one 360 is a direct physical banking service that offers regular banking services like checking accounts, savings account, and money market account.

Capital One Commercial Banking

The commercial division offers an array of services including commercial lending, depository services, capital markets, treasury management, private banking, and wealth management.

Pros - Capital Banking

  • It offers a high annual percentage yield that other banking services
  • Capital One’s mobile banking app is one of the best banking apps in the world which includes free credit score access and a card blocking feature
  • No monthly maintenance fees.

Cons - Capital Banking

  • Few physical branches.
  • Savings rates are pretty low when compared to other banking companies.