Require Capital One Business Checking?

Capital One Business Checking: You’ve probably heard of Capital One’s business suite—Spark for Business—as one of the smallest business-friendly business suites in the industry. From Spark Cards to Capital One Lines of Credit, Spark for Business offers a variety of small business financing solutions.

You likely have a general idea of what Capital One can offer your small business in the form of financing or business loans, but did you know that Capital One business checking accounts could prove to be the perfect home base for your small business’s finances?

Indeed, Capital One business checking accounts follow suit when it comes to the Spark Suite’s aptitude for small business finances. They come in multiple versions that all offer some pretty stellar features as far as business bank accounts go.

Whether you’re a growing business that needs a no-nonsense home for its working capital, or you’re a well-established, high-volume business that’s looking for a business checking account with fewer limits, Capital One business checking could potentially be your very best bet.

Capital One Spark Business Checking

The Capital One Spark Business Unlimited Checking is the last Capital One business checking account option available to business owners.

With fewer limits but a higher fee-waiving threshold (along with a higher fee), this Capital One business checking account is a great option for well-established, high-volume businesses.

Additionally, if you’re a business of any size that’s handling large amounts of cash that it will need to deposit, then this could be your very best business checking bet yet.

Let’s take a moment to focus on the details of what the Spark Business Unlimited Checking account has to offer.

Does Capital One have business checking?

The Capital One Spark Business Unlimited Checking is the last Capital One business checking account option available to business owners.

How do I close my Capital One business account?

Typically, you can close an account by calling customer service or by visiting a local branch. Please call Capital One’s customer service at 877-514-2265 for more details.

Can you open a business checking account online?

Step 2: Find Your Options for Business Bank Accounts to Open Online. … This is twofold: First, you have to find banks that offer the option to open a business bank account online. And then, within those options, you‘ll have to find the type of bank account—whether it be checking or savings—that your business needs.

Capital One Spark Business Checking Review

Transactions

The Capital One Spark Business Basic Checking comes with unlimited fee-free transactions. This is pretty rare for a business checking account and especially rare for one targeted toward new or growing businesses.

Cash Deposits

With the Spark Basic business checking account, you’ll be able to make cash deposits worth up to $5,000 per month. Beyond that cash deposit cap, you’ll have to pay $1 per $1,000 you deposit in cash.

Wires

Admittedly, this is where you might hesitate on this Capital One business checking account option. It can be quite pricey to wire money, even domestically, with a Spark Business Basic account.

In fact, for every outgoing domestic wire you make, you’ll have to pay a flat-rate fee of $25. For every domestic wire you receive, you’ll have to pay a flat-rate fee of $15.Even more, for international wires, you’ll have to pay up to $50.

Put simply, if your business needs to perform a lot of wires through its business checking account, then you could rack up a lot of fees with this Capital One business checking account. Option. As such, look to another business checking account that is more lenient with wires if this sounds like you.

Service Fee

The Spark Basic checking account comes with a monthly service fee of $15. However, if you reach an average balance of $2,000 or more, then Capital One will waive this service fee.

Capital One Business Checking Account

If you’re a business owner or entrepreneur, you’ll likely need a checking account to handle your company’s day-to-day finances. This will make it far easier to keep track of your business expenses and to keep them separate from your personal finances. Doing this will probably save you a lot of time and effort when it comes to accounting, and in turn with things like filing tax details. You’ll be happy to find that One offers a choice of checking accounts aimed at small business owners. You can pick from.

Spark Business Basic Checking
Spark Business Unlimited Checking

In a moment, we’ll talk a bit more about what each of these accounts offers. That’ll include any eligibility requirements, the features you can get from them, and the costs you need to be aware of.

Capital One Small Business Checking

Capital One is one of the ten largest banks in the United States by deposits and is headquartered in Virginia. Through its hundreds of branches and Capital One Café locations, plus access to a network of 39,000 ATMs nationwide, it serves millions of customers each year.¹ Capital One has locations across the country, but mostly in the eastern and southern US. The bank’s site gives the locations in which it primarily operates.

District of Columbia
Louisiana
Maryland
New Jersey
New York
Texas
Virginia

You can find a wide range of products at the bank, ranging from Capital One small business account options to a choice of credit cards. Each account will have its own set of features, as well as its own fees and other costs. Some may also have restricted eligibility criteria. In some cases, you could find that things vary depending on which part of the country you live in, so make sure you check the situation in your own state. You can do this either online or by asking a local branch. This will help you see more easily which Capital One product is the best way forward for you.