Funding Your Capital One Investing Account: A Guide

Capital One Investing is no longer available as the company exited the Investment Adviser Business and the Retail Brokerage Business in 2019 and 2022, respectively. Former Capital One Investing customers have had their accounts moved to E*Trade. If you are looking to fund a Capital One account, you can do so by transferring funds from another bank account, depositing money at a Capital One location, depositing a check through mobile deposit, or by adding cash at a Capital One ATM, branch, or Café.

Funding a 360 Checking account

• Depositing money at a Capital One location near you.
• Depositing a check into your account almost anywhere using the mobile deposit feature.
• Transferring money between Capital One accounts or linking external accounts to your 360 Checking.
• Adding cash to your account at any CVS®, Walgreens® or Duane Reade by Walgreens® location.
• Receiving money for free and fast when you enroll with Zelle®.

Please note that if you do not add money to your 360 Checking account within 60 days of opening it, your account will be closed and you will have to open a new one.

Brokerage account fees

As of August 5th, 2019, Capital One Investing, LLC exited the Retail Brokerage Business. Former Capital One Investing customers can now use E*TRADE for pricing and rates. The transaction fee for investors who purchased Transaction Fee mutual funds through a Capital One Investing ShareBuilder plan will remain unchanged if they reactivate their plan through E*TRADE's Automatic Investing.

E*TRADE's pricing includes a base rate of 8.95% (effective September 23rd, 2024) and a Trading Activity Fee (TAF) levied by FINRA for sales of covered securities. The TAF for sales of equity securities is $0.000119 per share, with a maximum of $5.95 per transaction. For option sales, the TAF is $0.002 per contract, and for a covered TRACE-eligible security and/or municipal security, it is $0.00075 per bond, up to $0.75 per trade.

Additionally, Capital One Investing charges a fee of up to $75 to transfer your account to a different broker.

Funding a Capital One account from another bank

Capital One Investing has exited the Investment Adviser Business and the Retail Brokerage Business. However, there are a variety of other Capital One accounts that you can fund.

You can transfer funds to a Capital One account from another bank account. To do this, you can use an online bank transfer app like Zelle, by check, by wire transfer, or by linking accounts.

To link an external bank account, first log in to your Capital One account. Then, select "link accounts," "add an account," "add external accounts," or something similar. You will then be asked to provide the routing number and your account number for the other bank. You can find these numbers on your bank account page online or on your cheques. If you don’t have cheques, your bank can help you locate both numbers.

Next, you will have to prove that the other account is yours. You can do this by providing a username and password or by confirming small “test” transfers between the two banks. Each bank handles this process differently, so follow the instructions provided by your bank.

You may have up to three external accounts linked to your Capital One account. You can only add external bank accounts that you own, and the external bank account must be a personal checking, savings, or money market account with the name of the account holder matching the Capital One account.

Capital One Investing's exit from the Investment Adviser Business

Capital One Investing has exited the Investment Adviser Business and the Retail Brokerage Business. As of 5 August 2019, Capital One Investing, LLC exited the Retail Brokerage Business, and as of 29 April 2022, Capital One Investing, Inc. (previously operated under the name "United Income") exited the Investment Adviser Business.

The company's decision to exit these peripheral businesses is part of a strategy to focus on its core banking and national credit-card operations. Capital One sold its over 1 million brokerage accounts to E*Trade Financial Corp. for $170 million. The company will continue to service limited requests from former online retail account holders via a notarized Brokerage Request Form. For example, it will provide statement reprints and check re-issuances.

If you are a former client with questions regarding the Retail Business, you can contact Capital One by phone at 1-800-747-2537 for Online Accounts and 1-800-248-3919 for Advised Accounts. These lines are open Monday to Friday, 8:30 am to 5:30 pm ET. For queries relating to the Investment Adviser Business, you can email Capital One at [email protected].

How to open a Capital One bank account

To open a Capital One bank account, you can apply online or in person. If you are applying online, you will need two forms of ID (such as a driver's license, Social Security card, passport, or birth certificate) and proof of address. You can apply online using your phone, tablet, or computer. If you are under 18, you may need a guardian to co-sign the account.

If you are applying in person, you will likely need the same documents as listed above. You can deposit money into your account at a Capital One location near you.

Capital One offers a variety of accounts, including checking and savings accounts. Checking accounts are useful for day-to-day spending and monthly budgets, while savings accounts can help you put away money for future needs. Capital One also offers teen checking accounts with a fee-free debit card and an easy-to-use mobile app, as well as a kid-friendly savings account that helps earn interest while growing their money.

Frequently asked questions