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We've compared Ally and Capital One accounts below to see which institution stands out the most. We're also evaluating each bank's trustworthiness so you can know more about each institution's history.
Joint bank savings and checking accounts for kids and teens
No money market account
Branches only in NY, LA, TX, MD, VA, NJ, and Washington, DC
Might have to deal with out-of-network ATM fees
You can deposit cash, but only at CVS locations
Ally vs. Capital One 360 Checking Account Comparisons
Ally and Capital One both offer a fee-free interest-earning checking account. Capital One also has a joint checking account for minors featured in our best teen checking accounts guide.
Ally Interest Checking Account
Capital One 360 Checking - Product Name Only
Annual Percentage Yield (APY)
Ally Interest Checking Account
Capital One 360 Checking®
Minimum opening deposit
Ally Interest Checking Account
Capital One 360 Checking®
Monthly service fee
Ally Interest Checking Account - Fees Display
Capital One 360 Checking® - Fees Display
Perks
Earn interest on account
No overdraft fees
Free overdraft protection is available
Early direct deposit
Spending buckets to help manage expenses
Reimburses up to $10 in out-of-network ATM fees
Access to 43,000 free ATMs
Earn interest on account
No overdraft fees
Free overdraft protection is available
Early direct deposit
Access to over 70,000 free ATMs
Caveats
No physical locations
No way to deposit cash
$2 out-of-network ATM fee
Doesn't reimburse out-of-network ATM fees
Branches only in NY, LA, TX, MD, VA, NJ, and Washington, DC
Deposit cash, but only at CVS locations
Next steps
Ally Interest Checking Account - CTA Text
Ally vs. Capital One 360 Savings Account Comparisons
Ally and Capital One pay competitive interest rates on savings accounts. You'll also be able to open a kid's savings account at Capital One.
Ally High Yield Savings Account
Capital One 360 Performance Savings™
Annual Percentage Yield (APY)
Ally High Yield Savings Account
Capital One 360 Performance Savings™
Minimum opening deposit
Ally High Yield Savings Account
Capital One 360 Performance Savings™
Monthly service fee
Ally High Yield Savings Account - Fees Display
Capital One 360 Performance Savings - Fees Display
Perks
Savings buckets feature lets you separate savings to create specific goals
Surprise savings tool automatically transfers extra change from your checking account to help you save
My Savings Goals feature lets you create specific savings goals and track progress
Automatic Savings Plan feature transfers change from debit card purchases to your savings account to help you save
Caveats
No physical branches to deposit cash
Branches only in NY, LA, TX, MD, VA, NJ, and Washington, DC
Ally vs. Capital One 360 Money Market Account Comparisons
Capital One 360 doesn't offer a money market account, but Ally does. The Ally Money Market Account is a great choice if you'd like to open a money market account with an online bank.
The Ally Money Market Account stands out because it doesn't require a minimum opening deposit. Usually, banks ask for at least $1,000 to open an account.
Ally vs. Capital One Trustworthiness and BBB Rating
The Better Business Bureau evaluates businesses to see if they effectively respond to customer issues and have honest advertising practices. BBB grades range from A+ to F.
Capital One currently has an A+ rating and Ally received an A rating from the BBB because it has five unresolved complaints on the BBB website.
A high BBB rating doesn't necessarily guarantee your relationship with a bank will be perfect. Reach out to current customers or read online customer reviews to see if a bank might be a good fit for you.
Ally hasn't been involved in any public controversies, but Capital One has one recent settlement.
In 2020, The Office of the Comptroller of Currency required Capital One to pay $80 million in a settlement that said the bank had inefficient security practices, which comprised personal information of bank credit cardholders.
