Capital One offers high interest rates without all the online fees, however it’s not as high compared to other online banks. They also offer convenience checking and savings under one roof.
Whereas, Wells Fargo is another well known bank with more than 5,400 locations offering 13,000 ATMs nationwide. They offer a variety of checking account like Teen Checking or Opportunity Checking for those who have financial troubles.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.
|Capital One||Wells Fargo|
|Locations||Online based banking||5,400 retail banking branches coast to coast. (Locator)|
|ATMs||Over 39,000 no-fee Capital One & Allpoint ATMs||More than 13,000 ATMs across the country.|
|Pros||-Overdraft protection options
-No account minimums
-27 Capital One cafes for in-person support
– Large ATM network
– Mobile app features
– 24/7 account monitoring
|Cons||-Low savings APY compared to other online banks||– Make minimal interest
– Pay a fee for overdraft protection
|Bottom Line||Capital One offers several banking products like checking and savings.||Wells Fargo offer nationwide access to ATMs and branch locations, offering unique features that your bank might not provide.|
Capital One Promotions
|Open Capital One 360 Money Market, Checking, & Savings with these benefits:
-Earn $100 bonus for opening 360 Money Market with $10,000 deposit or more along with a high rate of 1.15% APY.
-Earn $25 bonus with Capital One 360 Checking account and deposit at least $250 and have a total of 3 Debit Card purchases or Person2Person Payments posted to the account within 45 days of account opening.
-Earn $25 bonus with a Capital One 360 Savings account with at least $250 deposit.
-Access to over 38,000 free All point ATMs, mobile app for your on the go deposits, computer access for free P2P payments, and bill pay.
-FDIC insured for up to $250,000 so you can rest easy.
Which Bank is Better: Capital One or Wells Fargo?
- Capital One has a good range of banking services. They are a good online bank that also has access to in-person support.
- Wells Fargo offers nationwide access to their accounts, if you’re looking for basic banking features their accounts are to go to.