Ally Checking vs Capital One 360 Checking

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
Topic Author
sixtyforty
Posts: 318
Joined: Tue Nov 25, 2014 12:22 pm
Location: USA

Ally Checking vs Capital One 360 Checking

Post by sixtyforty » Tue Jun 11, 2019 4:06 pm

Looking to close our WF checking account and move it to either Ally or Capital One 360. If you use one of these, why did you choose one over the other and what has been your experience ?
"Simplicity is the ultimate sophistication" - Leonardo Da Vinci

david
Posts: 179
Joined: Thu Jan 03, 2013 12:39 am

Re: Ally Checking vs Capital One 360 Checking

Post by david » Tue Jun 11, 2019 4:08 pm

I chose Ally as it had better rates even though I had a cap 1 credit card that I used a lot at the time. Ally has reliable bill pay and quite good phone support. Their app works pretty well, though there are a few things you have to do on the website (like adding or modifying bill pay payees). I'm happy with Ally.

SobeCane
Posts: 256
Joined: Mon Oct 25, 2010 11:13 am

Re: Ally Checking vs Capital One 360 Checking

Post by SobeCane » Tue Jun 11, 2019 4:09 pm

I missed out on the Ally $1,000 bonus from last fall so just signed up for the Capital One account because it pays a $500 bonus for depositing $50k and pays 2% interest.

https://www.doctorofcredit.com/capital- ... -of-50000/

User avatar
StormShadow
Posts: 697
Joined: Thu Feb 09, 2012 6:20 pm

Re: Ally Checking vs Capital One 360 Checking

Post by StormShadow » Tue Jun 11, 2019 4:18 pm

I have a Capital One 360 account. They had a promotion where you get a bonus after you deposit a certain amount for 90 days. Looks like it is $500 for depositing $50k now. I think it was $200 for $10k deposit when I did it.

I still have the account. Its an ok rate of return for an on-line savings account. The website is very easy to use. Our main credit card was already Capital One Quicksilver, and it is literally a single click to jump from credit card screen to money-market screen.

furwut
Posts: 1468
Joined: Tue Jun 05, 2012 8:54 pm

Re: Ally Checking vs Capital One 360 Checking

Post by furwut » Tue Jun 11, 2019 4:19 pm

I had Capital One 360 but moved to Ally to get last year’s bonus offer. Both are very good internet banks and I’m at a loss to find any meaningful difference between them. A couple of times I had to call Capital One and they were very responsive. Haven’t had to (yet) with Ally.

Opening a CD with Ally was very easy.

EDIT:
Just thought of one (major) difference - at least to me. Ally did not work with the financial aggregator Mint though YMMV.
Last edited by furwut on Tue Jun 11, 2019 4:42 pm, edited 2 times in total.

User avatar
Toons
Posts: 13297
Joined: Fri Nov 21, 2008 10:20 am
Location: Hills of Tennessee

Re: Ally Checking vs Capital One 360 Checking

Post by Toons » Tue Jun 11, 2019 4:22 pm

Started with "Ing Orange" in 2004,now cap 360
Never looked around,
Just pleased.
:happy
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee

User avatar
fortfun
Posts: 2010
Joined: Tue Apr 19, 2016 7:31 pm

Re: Ally Checking vs Capital One 360 Checking

Post by fortfun » Tue Jun 11, 2019 5:59 pm

I use Ally but DW and I opened and closed Cap One accounts for the 500 bonus. Cap One didn't have any way to list beneficiaries at the time, which was a big problem for us. Maybe they do now. Ally works amazing well--better than my experience with the Cap One account that we sat up for the bonuses, IMHO.

User avatar
travelogue
Posts: 174
Joined: Sat Aug 12, 2017 4:29 pm

Re: Ally Checking vs Capital One 360 Checking

Post by travelogue » Tue Jun 11, 2019 6:26 pm

Cap One 360 has one nice perk. They don’t really advertise it but you can use their brick and mortar locations for teller assistance (like larger transactions you need in person funds for) and cash deposits at atms. These have been handy on occasion.

obgraham
Posts: 1204
Joined: Mon Jan 28, 2013 7:30 pm

Re: Ally Checking vs Capital One 360 Checking

Post by obgraham » Tue Jun 11, 2019 6:47 pm

I was with ING and then CapOne360 for 12 years.
Switched to Ally a couple of years back when CapOne's web site eliminated several functions that were handy for me -- being able to print the check image being one.
Otherwise, both offer good service. Ally pays a smidge of interest on checking, CapOne paid nothing last I checked.

User avatar
747driver
Posts: 39
Joined: Sun Jan 15, 2017 2:15 am
Location: Dallas, TX
Contact:

Re: Ally Checking vs Capital One 360 Checking

Post by 747driver » Tue Jun 11, 2019 7:56 pm

travelogue wrote:
Tue Jun 11, 2019 6:26 pm
Cap One 360 has one nice perk. They don’t really advertise it but you can use their brick and mortar locations for teller assistance (like larger transactions you need in person funds for) and cash deposits at atms.
+1 to this. Being able to make use of a brick and mortar location when needed is nice.
A clear conscience is a great pillow.

Tdubs
Posts: 535
Joined: Tue Apr 24, 2018 7:50 pm

Re: Ally Checking vs Capital One 360 Checking

Post by Tdubs » Tue Jun 11, 2019 8:46 pm

If you have less than $50k or so, why not Redneck Bank?

Grasshopper
Posts: 967
Joined: Sat Oct 09, 2010 3:52 pm

Re: Ally Checking vs Capital One 360 Checking

Post by Grasshopper » Wed Jun 12, 2019 8:02 am

I like CapOne checking, because I get a debit card with no foreign transaction fees. I like their free Billpay, I get free overdraft from my money market account so a big balance is not necessary. I can shut down my debit card when not using it. I think the phone app is really great.

retiresoon222
Posts: 19
Joined: Thu Sep 22, 2016 3:31 pm

Re: Ally Checking vs Capital One 360 Checking

Post by retiresoon222 » Wed Jun 12, 2019 10:08 am

Toons wrote:
Tue Jun 11, 2019 4:22 pm
Started with "Ing Orange" in 2004,now cap 360
Never looked around,
Just pleased.
:happy
I actually started with Netbank around 2001 and then it became ING Orange and now Capital One 360. They have had competitive rates all along.
The online banking and ability to navigate the website (Checking, Savings, MM, Quicksliver CC) makes it easy to stay.

I have utilized Ally for a money market account and a CD when they had a great rate and I knew I had a significant purchase to make 1 year out.

My vote is still for Capital One 360. Primarily b/c competitive rates AND one stop shop.

One caveat. I have opened a Fidelity Cash Back CC (2%) so we don't use the Quicksilver cash back card much anymore.

Naismith
Posts: 390
Joined: Sun Sep 14, 2014 2:58 pm

Re: Ally Checking vs Capital One 360 Checking

Post by Naismith » Thu Jun 13, 2019 9:55 am

Grasshopper wrote:
Wed Jun 12, 2019 8:02 am
I like CapOne checking, because I get a debit card with no foreign transaction fees....
This is a crucial difference for those of us who travel overseas. It is has been worth A Lot over the years.

I have accounts both places (I like the CD options at Ally) but for overseas trips, CapOne wins for sure.

3-20Characters
Posts: 415
Joined: Tue Jun 19, 2018 2:20 pm

Re: Ally Checking vs Capital One 360 Checking

Post by 3-20Characters » Thu Jun 13, 2019 10:00 am

A strong vote for ally for the website alone.

life in slices
Posts: 55
Joined: Mon Apr 15, 2019 6:00 pm

Re: Ally Checking vs Capital One 360 Checking

Post by life in slices » Thu Jun 13, 2019 10:06 am

Toons wrote:
Tue Jun 11, 2019 4:22 pm
Started with "Ing Orange" in 2004,now cap 360
Never looked around,
Just pleased.
:happy
The same - think I signed up for ING direct in 2001 and the rates have been some of the best along the way, so I never really looked elsewhere either (but maybe missed out on some of the transfer bonus money). Have never had a problem since day 1.

bludragon
Posts: 7
Joined: Sat Apr 21, 2018 3:52 pm

Re: Ally Checking vs Capital One 360 Checking

Post by bludragon » Thu Jun 13, 2019 12:32 pm

Never had Ally, been pretty happy with 360. Easy app/web interface.

Post Reply