I was a customer of Capital One 360 Savings, who had money in the account until I realized their misleading advertising was costing me money, so I shut it down and opened a 360 Performance Savings account. Do I have to actively pursue a reimbursement or settlement for this account?
Investopedia has a detailed article about the Capital One 360 Savings Account. I did not have a 360 Savings Account and quickly scanned the article. The recommendation for those who have not closed their account is to so so by Oct. 2 for a larger settlement check. The article also has a chart showing estimated settlements for various balance and duration for accounts closed by Oct. 2
I have had a Capitol One 360 account since it was an ING Direct account. The amount in ‘savings’ there has never been an issue for me,
When I first opened the accounts, I discovered that I could create an account in my business name with no fees or charges. On the occasion that someone sent me a check in my business name, I could deposit it. As you may know, in the past, getting a business bank account had not been without all sorts of issues and charges. Today that may have changed with all the other online banking. Still I only use the account minimally.
I used to love ING Direct and was sad when ING was forced to sell as part of their bankruptcy. I still have a 360 account but mostly stopped using it when Craptial One bought them.
I’m dreading what Discover is going to become now.