The Automatic Payment Service Option simplifies life when it comes to paying a Capital One® loan. There's nothing easier than having your monthly payment drafted directly from your personal bank account.
Capital One will notify you when your application for a loan with automated monthly payments has been accepted. This notification will specify the dates when your automated monthly payments will occur. If funds are unavailable at the time we attempt to debit your checking account, you will be responsible for forwarding a payment to us. If your payment is not received by the due date, a past-due fee will be charged to your account. Capital One will not notify you if such funds are unavailable and will not be responsible for any fees, charges, or costs incurred in connection therewith.
If your automated monthly payment is dishonored or returned, Capital One reserves the right to assess a $25 "Returned Check Fee." If an automated monthly payment is returned, Capital One reserves the right to terminate this authorization and your participation therein. Monthly periodic statements will not be issued to participants in this plan.
You must notify us in writing if any information changes regarding your bank account or if you would like to change the account or financial institution from which your automated monthly payment is debited. Please remember to include a voided check with your letter, if necessary. We must receive your written notification at least 45 days before the payment due date, or the change may not be implemented until your next payment due date.
You may discontinue the plan at any time by giving us 45 days written notice. Please send changes and termination notices to:
Capital One, P.O. Box 85025, Richmond, VA 23285-5025. Questions and concerns about transactions can also be sent to the above address.
If you would like to reply to this offer but are not interested in automated monthly payments, simply complete the online application but do not fill out the Automatic Payment Service Option section.
In fact, it's as easy as 1, 2, 3!
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1. Enter your nine-digit check routing number in the space provided on your loan application. 2. Enter your checking account number in the space provided on your loan application. You can also find your checking account number by looking on your most recent bank statement. 3. Once you complete your loan application, just click a button to send it. It's that easy. |
If your automated monthly payment is dishonored or returned, Capital One reserves the right to assess a $25 "Returned Check Fee." If an automated monthly payment is returned, Capital One reserves the right to terminate this authorization and your participation therein. Monthly periodic statements will not be issued to participants in this plan.
You must notify us in writing if any information changes regarding your bank account or if you would like to change the account or financial institution from which your automated monthly payment is debited. Please remember to include a voided check with your letter, if necessary. We must receive your written notification at least 45 days before the payment due date, or the change may not be implemented until your next payment due date.
You may discontinue the plan at any time by giving us 45 days written notice. Please send changes and termination notices to:
Capital One, P.O. Box 85025, Richmond, VA 23285-5025. Questions and concerns about transactions can also be sent to the above address.
If you would like to reply to this offer but are not interested in automated monthly payments, simply complete the online application but do not fill out the Automatic Payment Service Option section.
