Does YOUR Teenager Have Capital One 360 Teen Checking Account?

Every parent desires to bring up their children

with an understanding of how to manage finances and even attain financial independence. This

is best attained by opening savings accounts that are tailored for children as well as teaching

them about money sense. If you have a teenage child, then you will do well to take advantage

of the Capital One 360 Teen Checking account that is a great step towards their financial

independence. This is because it is an account you and your and your teen manage together.

Benefits That Are Convenient

Moreover, there are a number of benefits associated with this account. First, the Capital One

360 Teen Checking account allows young adults to manage their money on the online platform

or through the mobile app. This brings in convenience, as you do not have to physically visit the

bank. The second benefit that comes with operating this account is that there is no set

minimum amount and no fee charged to operate the account. In addition, the account also

attracts Annual Percentage Yields of between 0.20% and 0.85% depending on your account

balance. The third benefit is that account holders are issued with a MasterCard Debit card so

that you can access money wherever you are whenever you need it. This card can also be used

to make purchases wherever it is accepted. Alternatively, you can choose to skip the swipe and

instead use the PayPass.

Another benefit that you stand to enjoy from opening a Capital One 360 account is that the

bank has a network of 38,000 free ATMs across the nation with the Allpoint network. This

means that you are guaranteed of accessing your money from an ATM with ease. With this

account, you can be sure to watch your money grow because by depositing paychecks into your

account by making Direct Deposit. This account also entitles you to get text alerts whenever a

transaction has been made on your account. This important security feature keeps you

informed on the operations of your account.

Earn Bonuses With the Capital One 360 Referral Program

The other amazing product that Capital One 360 offers is the referral program that allows

account holders to earn bonuses whenever a friend opens an account. The good news is that

there is no limit to the number of referrals that you can make, even though bonuses are limited

to 50 people and these amount to $1,000. It is important to note that bonuses are paid for

those accounts that are opened and a total of three card purchases or Person2Person

payments made within 45 days after the account has been opened. The $50 is awarded only

when the new customer is a primary owner and is automatically deposited into your account on

the 50th day. In summary, the Capital One 360 Teen Checking account is an ideal account for

your teen as it presents several benefits even as it allows you to make money through its

referral program that offers great bonuses. Thus, this is the best gift that you can give to your

teen.