Capital One Spark Business Basic Checking

Capital One Spark Business Basic Checking Review

Capital One Spark Business Basic Checking is offered by Capital One, a bank founded in 1933 and based in McLean, VA. Capital One Spark Business Basic Checking are available in 50 states (and Washington, DC).

Key Takeaways

• 0% APY. As with most checking accounts, Capital One Spark Business Basic Checking does not pay interest.
• Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $2,000.
• $250 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• Bill pay. Pay your bills to practically anyone in the United States through Capital One.

Capital One Spark Business Basic Checking Pros & Cons

Capital One Spark Business Basic Checking FAQ

Are business checking accounts from Capital One federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Capital One Spark Business Basic Checking offer?

Capital One Spark Business Basic Checking is not an interest-bearing account.

What are the account minimums for Capital One Spark Business Basic Checking?

Capital One Spark Business Basic Checking requires a minimum initial deposit of $250 to open an account.

What fees does Capital One Spark Business Basic Checking charge?

This account charges a monthly maintenance fee of up to $15.

What features and perks does Capital One Spark Business Basic Checking offer?

This account includes the following features:

• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - Capital One Spark Business Basic Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Capital One Spark Business Basic Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.