What you need to know: Capital One 360 Savings Accounts & How to Set one Up!!!
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- Опубліковано 21 жов 2024
- Hi everyone!!!!
In today's video I am going to show ya'll how to create separate savings accounts within Capital One so you can keep your savings funds allocated and separated. *I am NOT a professional, this is just what I do and my thoughts!** I hope this video is somewhat helpful for ya'll, and please don't hesitate to ask any questions down below!
I will see ya'll soon!
xo,
sav
Hi guys!!! I also just wanted to let ya'll know that I do have another separate savings account (my big general savings acct) with my main bank that is not tied to these at all. Just wanted to clarify that bc I have talked about it before! okay that is all:) enjoy!
Thank you! I’ve been wanting to ask you about this !
What bank do recommend to keep your big general savings account?
I am going to open a saving account with capital tomorrow because I see interest is 3.30 ! Do you think it right or wrong please let me know?
@@lucsonfrancois6292 yup its the newest offer ima get too 😎👊👊
Girl, thank you so much for making this video! I had been on the fence for many months about opening a 360 savings but I had so many questions that I just wasn't getting answers or clear answers & explanations on. I finally bit the bullet & opened one anyway & I'm so glad I did, plus there is still a lot for me to figure out & your video couldn't have came at a more perfect time
You have no idea how long I’ve wanted to open one but was intimidated ! THANK YOU so much, I truly appreciate you! ❤️❤️
I was too!! But don’t be! It really is soo simple!
Thanks for making this! I've been thinking of switching to Capital One for a while so I can do some digital sinking funds. Also, do not be self conscious about the amounts you have in your accounts! You're doing great and are way more responsible than I was at your age ;)
Thank you so much☺️❤️
This was awesome to learn!! I wish I would’ve known earlier because just like a month ago I opened an account with a credit union for my savings since I don’t want to have cash at home. This looks so easy and super efficient! Thank you for sharing girl♥️
Thank you☺️
Awesome job on savings girl! I also use capital one 360 savings and checking to keep certain expenses separate from my primary account. I didn’t realize you could open up more than one though! Thank you!!!!
Thank you!! And yes girl omg it’s amazing!!!😍
It needs to be CapOnes selling point. I know personally keeping my finances straight is hard when all my money is together. 😅
Awsome video!! Quick question though, lets say you already saved the amount of $$ you needed for your new car, so you’ll cash out the money and close the account ? Will you get charge fees for doing so ?
Zelle is the best to transfer between your main bank & secondary external checking account with a different institution. Love Capital One Hybrid banking
Hello! Question!
1. Since you have both a savings and checkings when filing taxes do you file separate papers for each account? Generated by the bank
2. Do you file taxes online or in person? If you do online how do you do it
Edit: 3. since you have multiple savings funds do you have to file taxes for each one of them or just the total amount added up?
I also use the 360 checking and savings!, it’s great!
Yes! Love it! ❤️
This was soooooooooooo helpful. Thanks Sav!~
This is awesome; just what I was wondering about!
Loved how transparent this video is! so interesting to learn and compare these accounts to my Monzo pots x
Thanks so much!🥰
Capital one is the first card I will pay off in 2022. I am gonna convert my existing account to a Capital one savings. No judgment about your account info. As always thanks for the advice. My first paycheck of the year is Friday so Ill def start one then. First step to winning my bet and making my guy my personal servant for the first week of 2023 ;)
Thank you so much for the video! I do have a question.
How long did it take to transfer money from the Cap1 Savings to an external checking account in another bank? I am very curious. Cause i want to be able to take that into acount if i need some cash transfered from savings.
So I want to have two different places I organize my $. One for my first apartment and one for my new car. Do these need to be two complete separate accounts or?
I really-really appreciate you doing this video for us. Thanks for explaining everything.
Of course!!!☺️
Thank you for doing this really needed to see this in detail.
Just opened a Capital One 360 savings. Do you have to open individual accounts for the sinking funds?
To finish up your application did they want you to log in using application id and use last 4 digits of your SSN?
Great video!
Thanks for sharing and being transparent!!
Thank you for this video! Very informative, and the demonstration is easy to follow! 💜
Yay!!! Thank you!☺️❤️
I loved the video and thank you for explaining it. I have all my money in notebooks at home and thats very scary. I already have a checking and one savings account. I thought you had to put it all in that one savings. So once again, thank you for explaining it. And if people comment about your money just blow it off. Don’t be embarrassed or ashamed about it. You are doing this out of the kindness of your heart to help others and you are keeping it real. When are you coming out with more expense trackers? I want to order several of them.
Thank you so much for your sweet words🥺❤️ and yes you should open up some type of account so you feel safer!💗 working on the trackers as we speak!!!
Thank you for this video! It now makes a lot more sense. I have some major goals and was thinking of just having it all in one account and keep track of it on paper lol awesome job with the savings!
Yay!!! I’m glad I could help😋
love your honesty and information. very helpful
Great video. I have one for my daughter and one for my son. He heard your voice and blew you a kiss lol
I love this so much🥺🥰❤️
Yes I wanted to know I'm interested in opening a Capital One savings account but I wanted to know do you have to make another bank and or savings account to this Capital One savings account or could you just have a savings account without linking another account, and will you still have a routing number if someone wanted to send you money?
Congrats on 4k!☺️
Thank youuuuu😭🥰
Wow! I had no idea this existed. Will definitely be checking it out! Thanks :D
Yessss!!! It’s worth it!!!
Very resourceful and clear information. Thank you.
Only thing you forgot to touch on is that you do have to put funds in the account within 60 days or it will close the account. I learned not the hard way when I was playing around trying to make New accounts and I wanted to make one for all of my sinking funds even though I wasn't anywhere near ready to deposit money from my cash thinking funds. And I let them sit with no Balance on them for 60 days and they close the accounts. Probably wouldn't be an issue for everyone but if you're trying to be proactive and open them early like me just make sure that you deposit at least a few cents or something into it so that it shows that the account is in use
Good to know!!!! I didn’t know this!
Excellent content! Super amazing!. Btw.. You're doing great with your saving goals!!! New subscriber. ❤️
🥺🥺 thank you so much!!!!💗
@@savsaves You're sooo welcome! Keep slaying. ❤️
Wow thank you, I didn’t know that you can do that with Capital One, that was pretty awesome. ❤️
Of course!! It’s soo easy!😋
that beat at the beginning go hard. do you still make beats or what luv??
Thank you for sharing! Great video !
Appreciate you watching!☺️
Why it takes so much time when you try to send money from your bank to the savings account with capital … that happens to you as well ? It dosent matter if it’s in business days
Do you find it easier to transfer money from the savings to their checking instead of transferring to your outside bank to use the money?
Yes! It goes through much quicker!
This is great info! I have been wondering about an acct where you can separate categories to keep things organized with minimal hassle. Thanks for sharing!!😊
Of course!! Sooo easy!!
This was an awesome video. Thanks for sharing the information.
Yay! Glad you enjoyed!💚
You did an excellent job explaining this! I used Capital One years ago for sinking funds, but got too impatient waiting for the external transfers to show up😀. What’s funny is that my accounts never closed, and are still there! So it would be easy to start using them again.
Question: if you use the debit card, does it take money out of the checking? So like you would have to transfer money from a savings account in the checking, and then swipe?
Thank you!! And yes, so when you swipe, it pulls the funds out of the checking acct, not the individual savings accounts. So you’d have to transfer the funds if you wanted to spend them. That’s why I like it for more long term savings Bc I’m not using money out of them regularly!
And yes sometimes the external transfers can’t take a while to go through 🥲 but I never need the money right away so it’s not a big deal for me!
One big question how do you withheld taxes on saving account? Like employment you have w-4 form. Does capital one have w-4 form too? Won't people get penalty on taxes if your total tax withheld is lower that what you suppose to pay?
So I got a paper in the mail around tax time detailing all the important tax stuff and I gave it to my accountant and she took care of it! But yes, definitely need to be mindful of that!
@@savsaves thanks for the info but i was wondering if you can setup tax withheld? like 20% of the earnings is paid to the government right away and you are not seeing it. Like your employment paycheck? or for banks, you will get everything; 100% earnings and have to pay taxes after?
How easy is it to pull from your savings to their own checking account if you need the money??
From the individual capital one savings accts to the capital one main checking? If that’s what you mean it’s sooo easy!! Especially on the app!
Thanks for the review. My bank is only local so would I be able to link to a capital one account? I have a credit card thru capital. Does it run a credit check?
Doesn’t run a credit check since it’s just savings acct! And I am pretty sure you’d still be able to link it!! As long as you have a routing and account number you should be good to go!☺️
GREAT VIDEO! VERY IMFORMATIVE.
Great info...thank you so much for this video!!!!!
Do you know how to withdrawal money from your capital one savings account? I don’t have a checking with them, only savings, and I have no idea how lol
Same
Thank you so much for this!!!
You’re welcome😋☺️
I’m about to get a job and I want to temporarily have a bank account until I have enough saved up to move out. I will never make purchases with this account I will only withdraw all my money when I have enough saved up and then close my bank account, I don’t want there to be any traces to me through this account and I plan to save up a maximum of $14,000 so should I open a checking or savings account?
So because you have a debit card with capital 360 are you able to use the funds if ever need be quicker than trying to transfer them back over to your bank?
Also, it is accruing that 40% interest monthly?! 😱
The transfers from capital one savings accts to the capital one checking acct are much quicker than ones from external banks! And it’s .40%!
Well with Capital One you can't even log in to your account as many times as you want in a day because at some point you will get a message saying you have maxed out of your log in limit try again in 24 hours. Maybe for this reason alone I should stay with Chase Bank and forget about Capital One banking.
And I opened Chase checking 2 weeks ago.
The log in limit with Capital One banking is very annoying in my opinion. Any suggestions? 🙏 Should I stay with Capital One banking or leave them despite the log in limit with Capital One? Thank you so much and hope you are having a great day. 🙏👍🙂
I love the new intro video!
Awww yay!! Thank you!☺️
I have Ally bank, capital one and keybank and some online accounts. i just do bank to bank transfer works for me
What’s alley bank
Thanks!! Very informative!!
❤️❤️
I think u did a good job :-) and so happy on your behalf that you have saved so much money :-) u did soooo GOOOOOOD
Thank you🥺❤️
Thank you for the tutorial!!
Of course!😋
I have my main bank set up as my phone number for Zelle, and my capital one checking as my email. so when I do need to transfer money I can Zelle it immediately and then just move it to the correct savings account!
Yes great idea!!!😋
How do you do that
How do you do that ?
Just make sure you research if they report the amount you save, because they report to the IRS on a lot if things
Omg okay thank you, I didn’t know about this
O wow they report to irs ? I seen it on some of your accounts on the bottom .
I have setting up this savings on my to-do’s for the year. Do you have a referral link?
I don’t! Didn’t know I could do that🤣
Zelle for the transfers!
I don’t have a Capital One 360 account. I may consider it when I complete some of my savings challenges.
It’s so nice to be able to keep your funds separate!!!
Me sitting over here in Canada knowing damn well I can't use capitol one 360 but watching anyways lol I wish Canadian banks had a version of 360 for us.
Hahahahaha omg🤣 I also wish y’all had something similar!!!
very helpful thank you so much
Is there a minimum amount or maximum amount you must keep in the 360 accounts 🤔?
Nope!🤩
@@savsaves thanks 😊 loved your video
Do you have to have a certain level of credit score to open a savings account?
Nope!
Not that I know of!!
I opened my first Capital One 360 account with just $1 , 😀
I love this for you😭😍
Do you have to get approved by credit to have a capital one account
Great video.. Thanks
Thanks so much for watching!💗
Thank you
Great video! I also have a Capitol 360 account and love it 😊 and I believe there is a new tax law for 2022 that makes all banks send customers bank statements to the IRS so they can see if there is a discrepancy with what a person files and what they actually receive on their bank. Just letting you know cause it affects me since my family members Zelle me mortgage every month and there will definitely be a discrepancy on my side. I plan to get a cpa tho so I’m not too worried 🥴
I read that rent, dinners, etc are exempt but we shall see since I get paid back often on those
@@kistelkistel yes you are exempt but that just means I don’t know what exactly I have to provide or write when I file my 2022 taxes next year so I feel like getting a cpa to properly explain things will be beneficial 😆
Omg okay I will look into this!!
@@kistelkistel omg your name is my name ! 😂
@@Krystalyn. Hey name twin 😁
❤️
Did they ask u send ur id over?
I have a question please
Good video I want to make an account in my name for my 2 kids and have them together gaining Interest for like birthday money and graduation money they get
What I did for my son is just made him his own category just like future house or emergency fund, labeled it as his name, and I’ve been putting extra money in there to accrue interest!
Why so many accounts. .keep it simple