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  Capital One Spark Business Basic Checking

Capital One Spark Business Basic Checking

in Business Checking Accounts from Capital One · fdic

Claimed

Capital One Spark Business Basic Checking

Claimed

in Business Checking Accounts from Capital One · Member FDIC

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
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Monthly Fee $0 - $15
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee $2,000
APY (Annual Percentage Yield) 0%

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 is 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
Pros Cons
  • Available in all 50 states.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Capital One Spark Business Basic Checking FAQ

Are business checking accounts from Capital One federally insured?

Yes, your Capital One business checking accounts 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.

Capital One Spark Business Basic Checking Account Minimums
Description Amount
Minimum Initial Deposit $250
Minimum Combined Balance to Avoid Monthly Fee $2,000
Minimum Balance to Avoid Monthly Fee $2,000

What fees does Capital One Spark Business Basic Checking charge?

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

Capital One Spark Business Basic Checking Fees
Description
ATM Fee: In-Network 0
Check Cashing Fee 0
Monthly Fee $0 - $15
Online Bill Pay Fee $0
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee 5
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $35
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) 25
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) 40

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Avoid Monthly Fee $2,000
Minimum Combined Balance to Avoid Monthly Fee 2,000
Minimum Opening Deposit Starting at $250
ATM Fee: In-Network 0
Check Cashing Fee 0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Monthly Fee $0 - $15
Overdraft Item Fee $35
Paper Statement Fee 5
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $35
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) 25
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) 40
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC

Capital One Spark Business Basic Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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