Comments on: CapitalOne becomes a Bank with checking accounts http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/ Tracking the evolution of financial institutions Wed, 15 Feb 2012 16:44:07 +0000 hourly 1 http://wordpress.com/ By: Richard http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-26564 Tue, 06 Jan 2009 18:22:27 +0000 http://bankwatch.wordpress.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-26564 Here in South Africa

Credit card = Merchant pays transaction fees
Debit Card = Customer pays transactions fees

My vote is to go with Merchant paying the fees :-)

]]> By: Sam G http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-26061 Sun, 21 Sep 2008 03:52:05 +0000 http://bankwatch.wordpress.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-26061 The landscape has really changed here. Checking accounts are now paying interest, almost as high as Certificates of Deposits in some cases. Schwab, Etrade and ING have some pretty good offers.

I’ve found a few http://www.topcheckingaccounts.com and at http://www.bankrate.com but that Bankrate has become a bit of mess.

The only downside to these accounts, is that none of these banks/brokerages have local or nationwide branches. So you’ll probably have to have one of these online checking accounts in conjuntion with a local/nationwide bank. Once it’s open though you can setup direct deposit and start earning interest and have cash readily available.

-Sam

]]> By: Tony Roberts http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-25499 Wed, 04 Jun 2008 14:12:24 +0000 http://bankwatch.wordpress.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-25499 Coulee Bank ( http://www.couleebank.net ) offers an incredible 6.01% APY with their Rewards Checking account. The rate is easy to earn. All you have to do is make 10 check card transactions a month, use e-statements, and do 1 automatic payment a month (they call it ACH). Coulee Bank pays 6.01% on the first $25,000 and 1.01% on anything above that. The best thing about this account besides the rate is it is FREE, you can apply online, and it is from a great bank with real people that answer the phone. And as they like to say, Banking Green has its Rewards. The Rewards Checking account saves paper and preserves our natural resources. No wonder I feel good about recommending this to everyone I know. Check it out. I guarantee you will love it.

]]> By: News at the speed of a tar pit « EverythingCU.com World 2.0 Adventure http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-19083 Thu, 08 Nov 2007 23:40:59 +0000 http://bankwatch.wordpress.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-19083 [...] the word out about it on EverythingCU then. Then I blogged about it on June 5. Javelin Research and Bank Watch covered it on June [...]

]]> By: A debit card that attaches to any checking account « EverythingCU.com Brand Adventure http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-10150 Tue, 05 Jun 2007 16:50:02 +0000 http://bankwatch.wordpress.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-10150 [...] A debit card that attaches to any checking account An EverythingCU.com site member brought Capitol One’s latest product to our attention two days ago (Thanks, Susan!). This brand-new product is a debit card with rewards for a supermarket chain. Javelin Research has pointed out that this turns customer acquisition on its head. BankWatch has also written about this new product. [...]

]]> By: John Januszczak http://thebankwatch.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-10146 Tue, 05 Jun 2007 13:54:47 +0000 http://bankwatch.wordpress.com/2007/06/04/capitalone-becomes-a-bank-with-checking-accounts/#comment-10146 I suppose what has always fundamentally differentiated the credit card is that it is both a payment device and a ready source of (hopefully!) short term lending. However, what is the real difference between this and a debit card on an account with overdraft protection tied to a line of credit?

How many people pay their whole credit card balance every month, basically reducing the credit card to a payment device? The act of paying the bill is simply an added inconvenience! It would seem that a debit card with the same protections and features as a credit card would resonate with such individuals.

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