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Capital One 360 Money Account Review: Checking Account For Ages 13 To 17

Diana Mason by Diana Mason
April 28, 2022 11:59 pm CDT
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The Capital One 360 Money account is like a regular checking account, but with training wheels. The student controls the bike, but good ol’ mom or dad is nearby and keeping a close eye. This is a Checking account for teenagers only, ages 13 to 17. Once your teenager reaches the ripe old age of 18, he or she can then rollover the Money account into a 360 Checking account.

Being an online-only Checking option, the Money Teen Checking account is available nationwide.

Continue reading for the good, the bad and our impression.

*See the best Student Checking Accounts compared

Current Promotions?

There typically isn’t a sign-up bonus offer available specifically for the Money account, but Capital One 360 tends to have promotions available for the regular consumer Checking, Savings and Money Market accounts. Keep up with all current offers here. While it’s meant for college students, the Chase College CheckingSM account does offer great features and a sign-up bonus.

Featured Student Checking Promotion

TD Bank Convenience Checking℠
$200bonus
  • Students 17-23
  • 1300 Branches
  • No Monthly Fee
  • Read Our Review
Learn More

Chase First Banking℠
  • Students 6-17
  • 4700+ Branches
  • No Monthly Fee
  • Read Our Review
Learn More


The Requirements

  • No minimum opening deposit
  • Ages 13 to 17 are eligible
  • Parent co-owner with an active Capital One 360 deposit account
  • Must agree to accept electronic delivery of all communications

Capital One 360 Money Account Details

The GoodThe BadThe Fees

Capital One 360 Teen Checking

No Monthly Maintenance Fee

So you can save money quicker!

No Minimum Balance Required

You can open an account for as little as $1.

Wide ATM Coverage

With access to more than 39,000 fee-free Capital One and Allpoint ATMs.

Convenient Online and Mobile Banking

Get around-the-clock access to your account without getting up!

Transfer Money with Zelle

Send money to friends, family, whoever, even if they don’t bank with Capital One. Zelle® is a revolutionary new service that lets you send and receive money in minutes. Created by the nation’s top banks, Zelle® is the new way to pay.

Overdraft Options

Capital One 360 gives you options and even second chances before hitting you with that loathsome $35 fee. Those options include:

  • Auto declining charges when you don’t have enough funds to cover the transaction,
  • Linking to a Capital One 360 Savings account to cover the charges,
  • Using the one business day grace period to add sufficient funds, or
  • Using Capital One’s Overdraft Line of Credit. The bank will cover the overdrawn amount, you just have to pay it back with interest.

Free 1st Set of Checks

Subsequent ones will cost you $5 per checkbook.

Interest Rate of 0.25% APY

Most student checking accounts offer zero interest, so we’re pretty stoked this one gets you an APY of 0.25% with no balance minimum. It isn’t very much, but it’s a good start to get things rolling for your teen.

Mostly Online Banking

With less overhead of physical branches, Capital One 360 passes on to their customers benefits like higher interest rates, no monthly fees and better service. If you must speak to a representative in person, there are 27 Capital One 360 “cafes” – a hybrid Peet’s cafe and Capital One 360 bank branch – throughout the United States.

UsageFeeNotes
Monthly Maintenance$0 
Non-Capital One Bank ATM (domestic)$0Plus ATM owner fees, if any.
NSF$0Capital One automatically declines NSF transactions, unless you choose otherwise.
Overdraft$35Per paid or returned item.
Overdraft Protection Transfer$0If enrolled and when applicable, interest charges will apply.
Paper Statement$5Per monthly billing cycle.
Card Replacement$25For expedited service.

Bottom Line

Capital One 360 Money wows us with their low fees, wide ATM coverage, available interest rate and extremely forgiving nature when it comes to overdrafts. The only “bad” that we can come up with is Capital One 360’s lack of physical branches. But with all the great perks, we’re down to get cozy with online banking and your teenager likely is as well.

Compare To These Student Checking Accounts
  • Best Student Checking Account Offers of June 2023
  • Chase College Checking℠ Account $100 Bonus – Ends 7/19/23
  • TD Bank Student Checking Review: Free Checking For Students Under 24
  • U.S. Bank Student Checking Review: No Fees, No Minimums
  • Capital One 360 Money Account Review: Checking Account For Ages 13 To 17
  • Santander Student Value Checking Review (Ages 14 – 25)
  • BB&T Bank Student Checking Review (Students Age 23 & Younger)
  • SunTrust Essential Checking For Students (High School, Technical School, College)
  • KeyBank Student Checking Account Review (Students 16 To 24)
  • PNC Bank Virtual Wallet Student: Unique Features At Your School
  • Wells Fargo Teen Checking & Everyday Student Checking Review

READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.

Tags: Capital One 360capital one 360 moneystudent checking
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Diana Mason

Diana Mason

Diana's passion for travel eventually led to her separation from the 9 to 5 office life and into the arms of freelance work. Cali-born and Philly-bred, she's a creative professional with a delightful knack for words. When she's not gallivanting across the globe, Diana can be found writing (of course), teaching yoga and dreaming of her next big adventure.

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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.

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