Capital One 360 Checking is generally the better option due to its lack of monthly fees, no minimum balance requirements, and larger ATM network. It also offers a small interest rate, which Bank of America does not. However, Bank of America might be preferable for those who prefer in-person banking and can easily meet the requirements to waive the monthly fee.
| Attribute | Bank of America Advantage Plus Banking | Capital One 360 Checking |
|---|---|---|
| Monthly Maintenance Fee | $12 (waivable) | $0 |
| Minimum Balance to Waive Fee | $1,500 minimum daily balance | No minimum balance required |
| Overdraft Fee | $10 per item (max 2/day), waived if overdrawn by $1 or less | $0 |
| ATM Network Size | Approximately 15,000 Bank of America ATMs | Over 70,000 fee-free ATMs nationwide |
| Mobile Banking Features | Mobile check deposit, Zelle transfers, debit card controls, custom alerts, and Face ID | Top-rated app, mobile check deposit, virtual assistant Eno, account management |
| Interest Rate (APY) | None | 0.10% |
| Bill Pay Options | Online and mobile banking | Online, mobile app, check, debit, or cash |
| Debit Card Rewards | Not specified as a standard feature | Not specified |
| FDIC Insurance | Yes, FDIC insured | Yes, up to $250,000 |
| Mobile Check Deposit | Available via the mobile banking app | Yes, limits apply |
| Customer Service Availability | Branch, phone, and chat | Phone, Capital One Caf és/branches, virtual assistant Eno, X (Twitter) support |
| Integration with Other Financial Products | Balance Connect for overdraft protection, Keep the Change, Preferred Rewards membership | Easy transfers, AutoSave tool, link external accounts |