Someone interested in opening a Capital One checking account can visit the CapitalOne360 website (CapitalOne360.com), click the "Open Account" link and select the option for a 360 Checking account. The user will either have to log in with an existing Capital One 360 user name or begin as a new user. After entering the requested information, the user can fund the account with an electronic deposit from another checking account at that time, or the user can wait to fund the account after it has been opened.
Applicants have to undergo a credit check as part of the 360 Checking application process, and deposits are subject to a 2-day hold for use in the new checking account. If the user starts the application process but needs to sign off, there is an option to continue the application later.
As of April 2015, Capital One's 360 Checking account only has stop payment and check bounce fees, so users don not have to worry about other usage fees, notes NerdWallet. In addition, users do not incur fees for foreign transactions, have to pay surcharge fees for certain ATMs and can deposit their checks with a computer or mobile app. Capital One also offers a 360 Savings account, youth accounts and certificates of deposit.