Capital One What's In Your Wallet?

Information about opening a Business Money Market Account
Please print this page for your records
 
Step 1: Getting Started

Please gather some basic information for the business and any additional signers on the account. You may have up to 4 signers listed on the account. Please refer to the list at the right for required information.

Note: The following business types are not accepted:

Public Funds/Government Agency
International Business Corporation
Private Investment Company
Casino/Gambling Activities
Money Service Business

arrow Name of Business and signers
arrow Business Description (Example: gas station, floral shop, restaurant, etc.)
arrow Address of the Business and signers
arrow Tax ID for Business and SSN for each signer
arrow Business and each signer's phone number
arrow Email address for each signer
arrow Birth date for each signer
arrow Drivers License information for each signer

In compliance with federal law, we use the above information to verify your identity.

 
 
Step 2: Complete your Business Money Market Account application

Our convenient online application will take just minutes to complete.

If you have questions, please call one of our Direct Banking Experts at 1-800-562-1340. Our Experts are available Monday-Friday 8a.m.-8p.m. and Saturday 8a.m.-2p.m.

Your account will be held at Capital One Bank (USA), N.A., member FDIC unless you notify us otherwise by calling 1-866-584-9174.

Open a Capital One Business Money Market Account today
Continue This application can always be saved, so you can leave and come back later to finish.
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Step 3: Provide these verification documents and acceptance form


After completing the application we'll mail you a packet containing the account acceptance form and other important information. You should receive this within 10 business days. Please fill out the account acceptance form, have all listed account owners sign it and return it along with the following:

  1. Your applicable verification documents (see right side of page for details)
  2. Your initial deposit in the form of a check made payable to Capital One and drawn on an account owned by your business

Business Type Required Supporting Documents
Corporation
(S, C, LLC)
Certificate of Authority AND One of the following:
Articles of incorporation
Government issued business license or certificate
IRS EIN Notice
Partnership
Certificate of Authority AND One of the following:
Partnership agreement
Government issued business license or certificate
IRS EIN Notice
Non-profit
Certificate of Authority AND One of the following:
IRS EIN Notice
IRS Tax Exemption Notice
Sole Proprietorship One of the following:
Government issued business license or certificate
IRS EIN Notice
Assumed Name certificate
 
*   The above annual percentage yields (APYs) are effective as of 12/24/2008 and may change at any time.
Online Savings Accounts: If the daily balance of this money market account was $10,000 or more, the APY was 3.00%; if less than $10,000, the APY was 1.50%. Minimum initial deposit amount is $1. Terms and conditions of this offer may change at any time. Rates are variable and may change at any time. Withdrawals by online transfer are limited to six per calendar month. Rate Disclosure
High Yield Money Market Accounts: Rates are variable and may change at any time. Minimum deposit required to open account is $ 1. Terms and conditions of this offer may change at any time. Withdrawal limits apply. Rate Disclosure
Certificates of Deposit: The APY in effect for a 6-month CD was 1.50%, the APY in effect for a 1-year CD was 2.00%, the APY in effect for an 18-month CD was 2.75%, the APY in effect for a 2-year CD was 3.50%, the APY in effect for a 30-month CD was 3.50%, the APY in effect for a 3-year CD was 3.50%, the APY in effect for a 4-year CD was 3.75%, the APY in effect for a 5-year CD was 4.00%, the APY in effect for a 7-year CD was 4.50%, and the APY in effect for a 10-year CD was 4.75%. Other rates and terms are also available. A minimum deposit of $ 5,000 is required to open a CD. A minimum deposit of $100,000 is required to open a Jumbo CD. A substantial penalty may be imposed for early withdrawal; this fee could reduce earnings. Rates may change at any time. Rate Disclosure
Business Money Market Accounts: Rates are variable and may change at any time. Minimum deposit required to open account is $1. Terms and conditions of this offer may change at any time. Withdrawal limits apply. Rate Disclosure
Rewards Account Information and Earning Miles: You will earn 1 mile for every $20 of average balance for the month in your Rewards Money Market account. Rewards apply to average balance for the month only. Rewards will be calculated as specified above and then rounded to the nearest whole increment. Your account must be open and in good standing (not overdrawn) to redeem rewards. Terms, conditions, and restrictions for existing No Hassle Miles credit card customers remain in effect. Miles will be applied to the rewards balance on your credit card on a monthly basis within 60 days after the end of each month. Your No Hassle Rewards credit card account terms and conditions apply, including those regarding the earning and redeeming of miles. Account closure or suspension may result in any remaining miles being forfeited, and you will no longer earn miles for your money market account. Limit one open Rewards Money Market account per customer. Capital One has the right to change or cancel this rewards program at any time. Terms and conditions of this offer may change at any time. Minimum initial deposit amount is $1. Rates are variable and may change at any time. Withdrawal limits apply. Rate Disclosure
Rewards Account Opening Bonus: If you deposit $500 or more within 30 days of opening this account, you will receive a one-time bonus of 2,500 miles. This bonus will be applied to your rewards balance on your credit card account within 60 days of the minimum qualifying deposit amount posting to the account.
Rewards Redemption: The number of miles required for travel redemption will depend on the cost of the itinerary you choose at the time of redemption. The mileage requirement is as follows: 12,500 miles are required for tickets up to $150.00; 25,000 miles are required for tickets from $150.01 up to $350.00; 50,000 miles are required for tickets from $350.01 up to $600.00. For tickets over $600.00 in value, the required number of miles will be determined by multiplying the cost of the ticket by 100 (ex. $768 ticket requires 76,800 miles). The number of miles required to redeem for non-air travel redemptions will vary by rewards product and are subject to change at any time without notice. Once enrolled, you can visit www.capitalone.com/nohasslerewards to register the account and to see a complete description of current redemption offers. You will be responsible for all associated taxes, airport security charges, fuel surcharges and other usage fees required for travel. These charges will be included in the overall calculation to determine the appropriate number of miles required for redemption. Please note, for existing Capital One No Hassle Miles customers combining miles with a Rewards Money Market Account, your previously disclosed No Hassle Miles schedules and rules remain in effect and will apply to this rewards offer. The value of any miles redeemed for this money market product or transferred to another rewards account will be included in your year-to-date interest and year end tax reporting.
† National Average for money market accounts as of 12/29/2008, Informa Research Services, Inc., Calabasas, CA, www.informars.com. Although the information has been obtained from various institutions, the accuracy cannot be guaranteed.
†† Source: Informa Research Services, Inc. Calabasas, CA, as of 12/29/2008. www.informars.com. Data is based on a balance of $2,500. Although the information has been obtained from various institutions themselves, the accuracy cannot be guaranteed.
Capital One Direct Banking products and services are offered by Capital One Bank (USA), N.A., and Capital One N.A., members FDIC.