Capital One 360 Debit Card is the better option due to no monthly fees, no overdraft fees, a larger ATM network, and higher spending limits. Go2bank's higher cashback rate on eGift cards might be attractive to some, but the fees and lower limits make it less appealing overall.
| Attribute | Go2bank Debit Card | Capital One 360 Debit Card |
|---|---|---|
| Monthly Fee | $5, waived if you receive a payroll or government benefits direct deposit in the previous monthly statement period. | There are no monthly service fees. |
| Minimum Balance Requirement | None. | There is no minimum balance requirement. |
| Overdraft Fee | $15 for each transaction greater than $5 that overdraws your account by more than $10. The fee is waived if you bring your account balance to at least $0 within 24 hours of the first overdraft transaction. | Capital One 360 does not charge overdraft fees. They may decline transactions that would overdraw the account, or offer overdraft coverage options. Free transfers from a linked savings or money market account can be set up. |
| ATM Access | Free access to Allpoint network; $3 for out-of-network withdrawals, plus any fees the ATM owner may charge; $0.50 fee for out-of-network balance inquiries. | Access to over 70,000 fee-free ATMs, including Capital One, MoneyPass, and Allpoint ATMs across the U.S. Many are located in Target, CVS Pharmacy, and Walgreens stores. Capital One does not charge out-of-network ATM fees. However, ATM operators may charge their own fees. |
| Cashback Rewards | Up to 7% cash back on eGift Card purchases within the Go2bank app. Percentage varies by merchant. | Cashback rewards are offered at over 1,500 companies, with percentages varying but often exceeding 4%. Offers are typically for online purchases made through the Capital One system. |
| Early Direct Deposit | Access paycheck up to two days early and government benefits up to four days early. | With a Capital One 360 Checking account, you may get your paycheck up to two days early when you enroll in direct deposit. |
| Mobile App Features | Manage cards, mobile check cashing, pay bills, track spending, lock/unlock card, purchase eGift Cards, find ATM locations. | The Capital One Mobile app allows you to monitor your account, lock and unlock your debit card, redeem rewards, deposit checks, transfer funds, pay bills, and set up automatic savings rules. You can also use it to find ATMs and Capital One locations. |
| Purchase Alerts | Yes. | You can set up customized purchase alerts to keep tabs on your money and receive notifications for certain types of account activity or suspicious transactions. |
| FDIC Insurance | Yes, up to $250,000. | Capital One 360 accounts are FDIC-insured up to the maximum amount allowed by law. |
| Spending Limits | Withdraw up to $500 per day from ATMs. | Total card purchases and withdrawals are limited to $5,000 per day. This includes ATM withdrawals, cash advances, and signature and PIN-based purchases. ATM withdrawals are generally limited to $1,000 per day. |
| Security Features | Chip-enabled debit card, transaction monitoring, account alerts, card lock/unlock feature, Visa's Zero Liability Policy. | Fraud Monitoring: Capital One monitors accounts for unusual activity and sends alerts for potential fraud. Card Lock: You can lock and unlock your card using the Capital One Mobile app if it's misplaced, lost, or stolen. $0 Liability: Capital One provides $0 liability for unauthorized charges if your card is stolen and you notify them promptly. Contactless Payments: Contactless transactions create a unique, one-time code for enhanced security. AirKey: Capital One uses AirKey technology, which turns debit and credit cards into tap-based authentication methods. |
| Card Replacement Fee | No fee for standard replacement. Expedited delivery costs $24.95. | There is no fee to replace a damaged card. |