| Capital One Small Business Money Market Account |
| 1.
| What is the minimum amount required to open a Capital
One Small Business Money Market account?
|
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| Open this account with $5,000 and start
earning interest on your collected balance. |
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| 2.
| How can I access my money?
|
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| You can access your money in so many ways! You'll enjoy
free unlimited withdrawals from a teller at any branch, unlimited withdrawals
from any ATM, and easy access by check or online transfer. |
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| 3.
| Are there any service fees?
|
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| There is no monthly service fee with a $5,000 minimum
balance. A $15 monthly maintenance fee applies if your balance falls below
$5,000.
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| 4.
| Are there transaction limitations on the Capital One
Small Business Money Market Account?
|
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| Under federal law, money market and savings accounts are
subject to service charge transaction limits. Please refer to the Rules
Governing Deposit Accounts for more information about federal transaction
limitations. |
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| 5.
| Are my deposits with Capital One insured by the FDIC? |
|
| Yes. Capital One is a member of the FDIC. The FDIC -
short for the Federal Deposit Insurance Corporation - is an independent agency
of the United States government. To learn more about the FDIC visit their web
site at www.fdic.gov
. |
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| Visit your nearest branch, call us toll-free at 1-888-755-BANK (2265), or open an account online. |
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| Small Business Savings |
| 7.
| What is the minimum required balance needed in order to open a Small Business Savings account?
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| A $100 opening deposit is required.
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| 8.
| What types of businesses can open a Small Business Savings account?
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| Any type of business can open a Small Business Savings account.
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| 9.
| Do I have to maintain a certain balance in order to earn interest?
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| Interest is earned on collected balances of $300 or more.
|
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| 10.
| Is there a monthly cycle service charge associated with a Small Business Savings account?
|
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| There is no monthly cycle service charge if a minimum daily balance of $300 is maintained. If the minimum daily balance falls below $300, a $3 monthly cycle service charge will be assessed.
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| 11.
| Is there a limit to the number of withdrawals? |
|
ATM withdrawals over three per month are $1 each.
Teller withdrawals over one per month are $3 each. |
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| 12.
| Is Online Banking available with Small Business Savings?
|
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| Yes, Small Business Savings offers free access to Online Banking.
|
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| 13.
| Are there transaction limitations on the Small Business
Savings?
|
|
| Under federal law, money market and savings accounts are
subject to service charge transaction limits. Please refer to the Rules
Governing Deposit Accounts for more information about federal transaction
limitations. |
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