capital one spark mobile app

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CAPITAL ONE SPARK CASH FOR BUSINESS Credit Card Review

Capital One Spark Cash Business Credit Card Review Image

There are so many credit cards on the market, choosing the right card for your business can be overwhelming. In this series of reviews we’ll do the searching for you and help you make an informed choice.


Summary

Capital One offers a variety of business credit cards. One of their most popular is the Capital One Spark Cash business credit card, with its simplicity and high yield cash back rewards. The card features some nice perks like a low APR rate compared to competitors, as well as fraud protection coverage, a $500 cash bonus reward, and more.

The Spark Cash business credit card is distinguished in the competitive credit card market, with the highest unlimited cash back rewards around and very few added or hidden fees. Despite these perks, the Spark Cash business credit card does have a fairly large annual fee, no 0% APR period, and business owners need excellent credit to qualify. In this review we’ll sum up the highlights and perks of this card to help you find the right card for your business.

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Who is Capital One Spark Cash right for?

Capital One’s Spark Cash business credit card is beneficial for businesses who want a simple credit card, who use credit cards heavily, and who will find the 2% cash back reward beneficial.

Learn more about this card on the Capital One Spark Business website.

Waived annual fee for the first year, then $95

PROS

  • Unlimited 2% cash back bonus
  • No fees for foreign transactions
  • Fraud coverage
  • You can redeem your cash back any time.
  • A great website and mobile app

CONS

  • Large annual fee
  • No 0% intro APR period
  • Excellent credit is needed to qualify
  • No other rewards are offered, only cash back

With a 15-month introductory 0% APR period, a simple points-reward system, and the many perks that come with the American Express network, the Blue Business Plus card is worth considering.

American Express Blue Business Plus: No annual fee. 0% APR for 15 months

Read our American Express Blue Business Plus review

Pricing

Businesses interested in a simple credit card with a big unlimited cash back bonus and low APR rate can benefit from the Capital One Spark Business credit card.

Base Features

The Capital One Spark Cash business credit card features:

  • Unlimited 2% cash back on all purchases
    • Cash back rewards can be redeemed anytime
  • $500 cash bonus reward once you spend $4,500 on purchases within the first 3 months of the account being opened
  • No annual fee for the first year, then $95 per year onwards
  • Fraud protection coverage
  • No fees for foreign transactions
  • Capital One will send you a quarterly and yearly summary to keep your finances organized
  • The ability to transfer credit card activity to Quicken, Quickbooks, or an Excel spreadsheet
  • Mobile banking
  • Cash advance with either a $10 or 3% fee depending on the amount of cash received
  • $39 Late payment
  • $0 for first year, $95 per year onwards

Ratings

Value - 4.5/5

If your business is looking for a simple credit card with unlimited cash back rewards, the Capital One Spark Cash business credit card is definitely one to consider. With a low APR, no foreign transaction fees, and the ability to redeem your rewards at any time, the Capital One Spark Cash business credit card can be useful for many businesses. The only true drawbacks are the high annual fee and lack of a 0% intro APR period.

Customer Service - 4/5

Capital One's customer service is reachable through phone, email, and mail. Inevitably for such a large bank, customer service isn’t always perfect. In our experience, however, they have been quick and knowledgeable. One downside is that they do not offer an online chat on their website.

Ease of Use - 4.5/5

Capital One has a great website and mobile app. Information on their website is well designed, easy to access, and easy to understand. Their mobile app is really simple and well designed, making it easy to manage your finances form anywhere.

Included Features - 4/5

Some of Spark Cash business credit card’s features that stand out most are the 2% unlimited cash back, low APR rate, $500 cash bonus reward, fraud protection coverage, and no fees for foreign transactions. The only disappointments are the lack of added rewards like flight miles, no 0% intro APR period, and a high annual fee.

Conclusion

Capital One’s Spark Cash business credit card is great for businesses who want a simple credit card, and who will find the 2% cash back reward beneficial. The card has a lot of nice perks and is popular in the business credit card market. Despite a few cons, this is a great choice for many businesses.

The Truic Flame Logo

Who is Capital One Spark Cash right for?

Capital One’s Spark Cash business credit card is beneficial for businesses who want a simple credit card, who use credit cards heavily, and who will find the 2% cash back reward beneficial.

Learn more about this card on the Capital One Spark Business website.

Waived annual fee for the first year, then $95

With a 15-month introductory 0% APR period, a simple points-reward system, and the many perks that come with the American Express network, the Blue Business Plus card is worth considering.

American Express Blue Business Plus: No annual fee. 0% APR for 15 months

Read our American Express Blue Business Plus review

Источник: https://howtostartanllc.com/reviews/capital-one-spark-business-credit-card-review

How to Use Zelle with Capital One

How to Use Zelle with Capital One

There’s great news for Capital One customers: The bank is one of the owners of Zelle so it’s fully integrated. First, you can now use Zelle to send money even to people who don’t have a Zelle account. Second, your daily limit is much higher than some other banks.

Using Zelle on the Mobile App

Although you don’t need to have the Capital One app to use Zelle, it’s much easier to use the app or your Capital One online banking portal.

Reserved for Capital One account holders, you have to send a text that says “MOBILE” to 80101, to be verified against your phone number on file. You’ll then get a link that you can use for downloading the app. Once you’ve installed it, here’s what you have to do:

  1. Sign in with your credentials.
  2. Select the checking account you want to use.
  3. Select the “Send Money With Zelle” option.
  4. The app will then guide you to enter all the details necessary, such as the amount of money, recipient’s name, etc.

It’s going to be almost the same if you use online banking on a browser, Just look for the Zelle Transfer logo or tab.

Zelle With Capital One

Using Zelle on Desktop

Building on the above, here’s what you have to do:

  1. Go to capitalone.com
  2. Sign in with your credentials.
  3. Select the checking account you want to use.
  4. Click on “Sent Money With Zelle”.
  5. You’ll be asked details like the amount to be sent and the recipient’s info.

That’s it! Of course, if you’re not sure that you did everything correctly, you can always click on your account history to inspect your past transactions.

Is This Service Free?

Yes. As mentioned, Capital One is one of the founding owners of Zelle, which was designed to be free and to do away with the need to enter routing numbers and account numbers.

Moreover, you also may need to connect your mobile phone number with your account so that you can receive verification messages.

Are There Any Limits?

As stated above, Zelle was not designed to pay for expensive things like a car. Bear in mind that the limits apply only to the money sent and not the money received.

Capital One is a joint owner of Zelle so you can expect the limits to be higher. Your daily limit is $2000 and your monthly limit is $10.000.

However, these rules are subjects to change, and banks can change them whenever they want, although you can count on getting the notification first as an account holder.

How Fast Is This Service?

Zelle is one of the fastest payment services today! Provided that both sender and recipient have a Zelle account, the transaction can be carried out and completed in just a few minutes. The best thing of all is that you don’t have to pay additional fees for this instant transfer as it’s almost like the old ACH transfer.

If the recipient doesn’t have a Zelle account, they may need to create one – that’s if they actually want to receive the money. In this case, it may take a couple of business days after you’ve sent money from your account.

Use Zelle With Capital One

Fast and Easy Way to Send Money

In the United States, more and more banks and credit unions have jumped on board with Zelle. It’s one of the easiest and fastest payment services, perfect for when you have to send some money quickly to a friend, relative, or even the landlord.

Have you tried Zelle and what do you think? Let us know in the comments section below.

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Источник: https://www.techjunkie.com/use-zelle-capital-one/

What Are Mobile Check Deposit Limits at the Top U.S. Banks?

Mobile Check DepositMobile Check Deposit

Mobile check deposit, which lets you deposit checks by taking photos of them, has become one of the highly demanded features of mobile banking -- you might even want to switch banks to get it.

But, the deposit limits on this feature may sway the choice of the bank.

Unlike check deposits through a bank teller or ATM, mobile check deposits are subject to limits because of the heightened risk of check fraud.

Since customers can still hold onto a check after it is deposited through a smartphone, it is possible that someone may attempt to deposit the same check at multiple banks.

If you have to deposit checks in excess of these limits will have to resort to visiting a branch or ATM. These limits may also affect your decision of picking the best checking account for you.

Mobile Check Deposit Limits at the Top U.S. Banks

Bank of America

The Bank of America mobile check deposit limit are $10,000 per month for accounts opened for 3 months or longer; for accounts opened for fewer than 3 months, the limit is $2,500 per month.

For customers in the Bank of America Preferred Rewards program for more than 3 months, the mobile check deposit limit is $50,000 per month. For accounts in the program for fewer than 3 months, the limit is $25,000 per month.

Chase

The Chase mobile check deposit limit for all customers is $2,000 per day and $5,000 over a 30-day period.

Wells Fargo

The Wells Fargo mobile check deposit limit for all customers is $2,500 per day and $5,000 over a 30-day period.

Citibank

The Citibank mobile check deposit limit for customers with accounts opened for 6 months or longer is $1,000 per day and $3,000 per month; for customers with accounts opened for fewer than 6 months, the limit is $500 per day and $1,500 per month.

U.S. Bank

The U.S. Bank mobile check deposit limit for personal accounts varies from $500 to $2,500 per day, depending on the account relationship.

Capital One

The Capital One mobile check deposit limit varies for each customer account. According to Capital One branch banker, the typical limit is $5,000 per day.

PNC Bank

The PNC Bank mobile check deposit limits for customers with accounts opened for 30 days or longer is $2,500 per day and $5,000 per month; for customers with accounts opened for fewer than 30 days, the limit is $1,000 per day and $2,500 per month.

TD Bank

The TD Bank mobile check deposit limit for customers with accounts opened for 3 to 6 months is $1,000 per day and $2,500 per rolling 30-day period; for customers with accounts opened for 6 to 12 months, the limit is $2,500 per day and $3,500 per rolling 30-day period; for customers with accounts opened for more than 1 year, the limit is $2,500 per day and $6,000 per rolling 30-day period.

SunTrust Bank

The SunTrust Bank mobile check deposit limit for customers with accounts opened for 6 months or less is $1,000 per check and $5,000 per month; for customers with accounts opened for more than 6 months, the limit is $8,000 per month.

For SunTrust private clients, the mobile check deposit limit is $25,000 per month.

BB&T

The BB&T mobile check deposit limits for accounts opened for less than 90 days is $500 per day and $1,000 per 30-day period; for accounts opened for at least 90 days, the limit is $2,500 per day and $5,000 per 30-day period.

For BB&T wealth management clients, the mobile check deposit limit is $25,000 per month.

Online Banks For Higher Limits From The Start

Online banks don’t operate large branch or ATM networks. Therefore, online-bank customers tend to rely heavily on mobile banking and mobile check deposits to manage their accounts and deposit checks.

If limits are too low, these customers would have to worry when they receive larger checks.

Luckily, many online banks understand this concern and offer higher mobile deposit limits compared to banks that have a physical presence.

See the mobile deposit limits of some of largest online banks:

Mobile Deposit Limits - Online Banks

Online bankMobile deposit limit(s)
Capital One 360$5,000 or 20 checks per day or $10,000 per month
Ally Bank$50,000 per day or $250,000 in a 30-day period
Bank of Internet$10,000 per day or $50,000 per 30-day period
TIAA Direct$30,000 per day or up to 6 checks per day
PayPal$5,000 per day or $10,000 per month

Note that many online banks will accept check deposits through the mail if you ever exceed their mobile check deposit limits.

Mobile Deposit Limits Can Always Change and Differ By Account

It is important to note the actual mobile deposit limits on your accounts can vary from the limits above.

Most banks reserve the right to change these limits for whatever reason. The factors may include account age, relationship status, activity, and account balances.

If you’ve made several attempts to deposit bad checks, your bank may decrease your mobile deposit limit and force you to visit a branch or an ATM.

In the worst-case scenario:

You might even lose your mobile deposit privileges.

Customers who have several accounts with the bank and maintain larger balances could be eligible for higher mobile deposit limits.

If you are using the feature regularly, your bank may increase your personal limits gradually.

Deposit your large checks using a phone with these top online banks:

Continue Reading

Источник: https://www.mybanktracker.com

If you are a small business owner looking to earn a flat rate of miles on every purchase you make, the Capital One Spark Miles for Business offers a generous rate that makes it easy to stockpile rewards. Then, you can redeem those miles for any travel purchase with ease.

Decent sign-up bonus

You’ll earn 50,000 miles when you spend $4,500 in the first three months, which is redeemable for $500 if you use it for travel purchases. While fair, this is far from the card’s best sign-up offer. That said, there’s no telling when or if the previous huge bonus will come around again.

Earning miles

You’ll enjoy a flat earning rate of 2 miles per dollar on every purchase you make. With no limits to how much you can earn, racking up miles with the Spark Miles card should be pretty simple.

What are miles worth?

Unlike some business cards – like the Ink Business Preferred Credit Card – the Spark Miles does not offer any sort of boost for redeeming miles a certain way. You won’t be able to improve the value of your miles by redeeming through the Capital One travel portal. Whether you redeem for travel booked with Capital One or on a third-party travel site, each mile is worth 1 cent.

Since other business cards offer some kind of points boost – whether or not they have a higher earning rate – they can occasionally outpace the overall value of the Spark Miles card. Here’s a quick look at some of our most popular business cards and the value you can get out of each dollar you spend (factoring in earning rate and point value):

Despite no ability to stretch point value, the flat earning rate on the Spark Miles card still ranks it relatively high among popular business cards.

Redeeming miles

The redemption options on the Spark Miles card are very flexible. You can redeem miles for any travel purchase you’ve made in the last 90 days. You just choose the “Redeem a Purchase” option on your online account or mobile app and you’ll be able to view a list of qualifying purchases. Then you can choose to use miles to cover all or part of that purchase.

Tip: To determine which purchases count as travel, Capital One uses merchant category codes. Sometimes, non-traditional purchases like UberEATS orders will code as travel – allowing you to use miles for a wide variety of transactions. If you aren’t sure how a merchant will code on your statement, you can try making a small purchase and seeing how it displays.

By choosing this option, you can search for travel deals on third-party sites and still get the full value out of your miles.

Unfortunately, not all redemption options are as lucrative as travel redemptions. If you choose to redeem your miles for a statement credit – for example – you’ll get half their normal value.

Spark Miles redemption options

Redemption optionMiles value (cents)
Travel purchase in Capital One Travel Center1
Outside travel purchase1
Gift card0.8 – 1
Statement credit0.5
Check0.5

Benefits

The Spark Miles card comes with several extra perks for small business owners – adding to its overall value. Here are a few of the most useful offerings:

  • Year-end account summaries – Download a custom, itemized spend report each quarter and year.
  • Quickbooks downloads – To help you better manage your spending, the Spark Miles card allows you to download purchase records directly to software like Quickbooks, Quicken or Excel.
  • Car rental insurance – For rental cars booked and paid with the Spark Miles card, you can receive primary coverage up to the cash value of the vehicle (for business car rentals).
  • Global Entry/TSA PreCheck credit – Receive a credit up to $100 for an application for Global Entry/TSA PreCheck every four years .

All of these perks are designed to help you save money, whether through better spending visualization or coverage in the case of an accident. To get the most out of these perks, put all your business spending on the card.

Managing employee cards

Though the Spark Miles card does include some valuable benefits for small businesses, it lacks a few key features. For example, you can add employees to your account for no additional fee, but you cannot manage those accounts remotely or set limits on individual spending. Also, while the card offers an app to help tag receipts and manage purchases, the app is designed for personal card users and doesn’t let business card owners track employee spending.

Approval odds

The Spark Miles card is a business credit card, so qualifying might be a bit more difficult than a personal card. It is designed for users with excellent credit (above 750). Plus, you’ll have to submit information about your business including your TIN or EIN (or SSN if you are a sole-proprietorship or single-member LLC), business ownership type, annual revenue and spend per month. There are no specified qualifications for business size or spend, but it is important that you have a good individual credit history.

See Related: Getting a business credit card is easier than you may think

Tip: Don’t forget to consider the effect of a small business credit card on your personal credit score. Depending on the type of business you have, some of your business activity might display on your personal credit report.

Customer experience

Among major issuers, Capital One’s customer service rates quite well. In J.D. Power’s 2020 customer satisfaction survey, the bank rated 808, coming in fifth out of 11 credit card issuers. On the plus side, it’s app rates well among users – rating 4.8 out of 5 in the Google Play Store and 4.7 out of 5 in the Apple App Store. The bank also offers 24/7 customer service and an online chat feature – though you might have to do a little digging to find it.

How does the Spark Miles compare to other cards?

Though the Spark Miles card offers a great flat rate for earning miles, some business owners might be better off with another rewards earning scheme. Here are a few popular alternatives:


Capital One Spark Cash for Business (no longer available)

Ink Business Preferred® Credit Card

The Blue Business® Plus Credit Card from American Express
Rewards rate

2% cash back on all purchases

Rewards rate
  • 3 points per dollar on travel, shipping, internet, cable, phone services and advertising purchases (up to $150,000 in combined purchases yearly)
  • 1 point per dollar on general purchases
Rewards rate

2 points per dollar on every purchases (up to $50,000 in purchases per year, then 1 point per dollar)

Welcome bonus

$500 if you spend $4,500 in first 3 months

Welcome bonus

100,000 points if you spend $15,000 in first 3 months

Welcome bonus

15,000 points after you spend $3,000 in eligible purchases within your first 3 months

Annual fee

$95, $0 first year

Annual fee

$95

Annual fee

$0

Other things to know
  • Free employee cards
  • Quarterly and year-end summaries
  • No foreign transaction fees
Other things to know
  • Free employee cards
  • No foreign transaction fees
  • 25% higher point value when redeemed for travel through Ultimate Rewards
Other things to know
  • Free employee cards with individual limits
  • Transfer points to travel partners at 1:1 rate
  • Flexible credit limit

Capital One Spark Cash card

Similar to the Spark Miles card, the Spark Cash offers a flat 2 percent rate on every purchase. What sets it apart is that it offers cash back rather than travel miles. For many spenders, this might be the better Capital One small business choice. Since cash back is much more flexible than miles, you can always cash out your rewards and use them for travel purchases.

Chase Ink Business Preferred

Rather than a flat rate of rewards, the Ink Business Preferred card offers 3 points per dollar in several bonus categories: travel, shipping, internet, cable, phone services and advertising purchases (up to $150,000 in combine purchases yearly). If you spend heavily in any of those categories, you can significantly boost the rewards rate on this card. Plus, you’ll get a higher point value on any points you redeem for travel through the Ultimate Rewards portal.

Blue Business Plus Amex

The Blue Business Plus American Express card comes with a similar flat rate of rewards as the Spark Miles, but it includes a $50,000 yearly spend cap on that rate. On the plus side, American Express has a much more extensive list of travel partners with a better transfer rate (1:1 for most partners). Cardholders can transfer points to major airlines like Delta and British Airways.

How do businesses use the Capital One Spark Miles card?

Given its 2:1 rewards rate and sign-up bonus, the Capital One Spark Miles for Business card could be a good option for businesses looking to rack up miles for travel. Here’s how one small business owner made the most of the card:

Small Business Credit Profiles

How TaKorean uses the Capital One SparkMiles for Business card

TaKoreanWhen you spend almost a million dollars each year, the miles add up quite a bit.

Michael Lenard of TaKorean, a Korean fusion food truck used the Capital One Spark Miles for Business card to expand his company’s purchasing power and get in on the rewards action. Here’s his advice to other business owners considering the card:

  • Use the miles you earn for business and personal trips, which can be a bit of a silver lining if you’re still paying yourself a low salary to grow your business.
  • Pay off your cards frequently and keep your balance low so that you can have flexibility when you need it.
  • Only borrow money when your existing cash flow can cover it if all else fails. Sometimes you’ll have to be bold and have a “go big or go home” moment, but once you have something good, you have to think ahead to protect it.
Read more of our Small Business Credit Profiles

Who should apply for the Capital One Spark Miles card?

  • Small business owners looking for a good flat rate of rewards.
  • Frequent travelers who prefer hunting for deals on third-party sites to using a bank’s travel portal.
  • Cardholders looking to add employee cards at no extra fee.
  • Cardholders who will take advantage of budget and spend tracking tools.

How to use the Capital One Spark Miles card:

  • Use the card for most of your purchases to take advantage of a good flat earning rate and budget tracking tools.
  • Spend $4,500 in the first three months to get the full 50,000 mile bonus.
  • Add employee cards for no extra cost, but remember you can’t set individual spending limits.
  • Redeem miles for travel purchases or transfer to a travel partner to get the most value out of them.
  • Avoid carrying a balance on this card to avoid racking up interest.

Is the Capital One Spark Miles card worth it?

If you are the kind of cardholder who prefers to keep all your purchases to one card, the Spark Miles offers one of the best flat rates available among business cards. However, users who want to redeem their miles for anything other than travel might be better off opting for the Capital One Spark Cash for Business. You’ll enjoy the same business perks and rewards rate with much more flexible redemption options..

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

Источник: https://www.creditcards.com/reviews/capital-one-spark-miles-for-business/

Screenshots

Description

What’s on the Capital One Mobile app? All of your accounts, and so much more.

Whether you’re out in the world or feeling right at home, you can manage your money with ease:
- View balances and export statements
- Pay bills and take care of loans
- Check in on your credit with CreditWise
- Activate a credit or debit card when you need it
- Redeem rewards on the go
- Send and receive money with friends and family using Zelle®

With the Capital One Mobile app, you can ...
- Stay informed when you enable alerts and purchase notifications
- See everything that happens on your card with detailed transactions
- Instantly lock your credit or debit card from anywhere
- Get answers from Eno, your Capital One assistant

Download the app for better banking with Capital One.



Internet access is needed to use the mobile app. Check with your Internet service provider for details of specific fees and charges. Service outages may occur. Capital One customers are responsible for regularly checking their account statements. Push, email, and SMS alerts and notifications, including purchase notifications, must be enabled to be received. CreditWise monitoring and alerts may not be available if the information you enter at enrollment does not match the information in your file at one or more consumer reporting agencies or you do not have a file at one or more consumer reporting agencies. Features may not be available to all customers. Actual experiences may differ from those depicted. Additional terms and limitations apply.

© 2021 Capital One Bank (USA), N.A., and Capital One, N.A. Members FDIC. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. To read about the Terms of your download, check out the End User License Agreement.

Version 5.90.0

Thanks for using Capital One Mobile. We make regular updates to our app to ensure your experience is top notch. Each new version of our app includes new features to allow you to do more in the app and improvements to make it faster and more reliable!

Updates:
- Defect fixes
- UI fixes

Ratings and Reviews

4.8 out of 5

4.7M Ratings

Good app but quirky lately (UPDATED)

I’ve been using this app for years and prefer it over competitor’s offerings. I like that notifications can be configured and received for every transaction. However within the past week or so, these notifications have been arriving very late — like many hours after the transaction has occurred. E.g. if my wife makes a purchase in the morning on her card I won’t see the transaction notification until the afternoon and I have to ask her if that was a legitimate transaction or not. It’s not very helpful, please look into why these delays are occurring.

EDIT: reduced from 5 stars to 2 stars because the delays in the purchase notifications have gotten absurd. I have iOS and SMS notifications enabled for purchases and both have been arriving OVER TWLEVE HOURS AFTER the actual purchase time. This is plainly ridiculous. Please fix!

EDIT2 (14Jan2020): OK back to five stars for now! The notifications issue seems to have been resolved as the “Instant Purchase Notifications” are back to being “instant”. Overall I have no qualms about this app as it’s easy to use for the few basic things I need it to do, with the notifications thing being at the top of the list. Thank you for the fix!

Not practical for deposit account holders

From what I hear this app and Capital One as a whole is AMAZING for credit card holders but for those that own deposit accounts this app really isn’t that useful! I’ve been banking with Capital One for years and I can honestly say I miss a lot of the features the Capital One Wallet app used to provide. I’d love the developers of this app to take their deposit account holders into consideration and add features like alerts when a deposit is made to my account as well as alerts when a transaction is made over a certain dollar amount. To be clear, when I say alerts I mean actual notifications to my device sent from the app that appear on my home screen. I don’t want to have to receive alerts via text that is so outdated plus I have enough text threads as it is between work and family. I’m beginning to feel like Capital One isn’t interested in investing in their deposit account holders now or even in the future. I believe this company is more focused and geared towards their credit and lending services. To be fair Chase not only provides these basic notification services to customers but they also have added the ability to view what you spend money on weekly to their app. I do not want to close my accounts and go over to another bank because I truly enjoy banking with Cap. One. I love everything from the customer service all the way down to the debit card design. But I have a feeling I will leave if I don’t see any changes being made.

We appreciate you taking time to provide us with your feedback regarding the app and its features. We're always looking at ways to make our app be the best it can be, so we'll be sure to pass along your feedback to our dev team. If you have any additional feedback to share with us, feel free to update your review.

App”ic” Fail

Capital one app is a convenient way of tracking expenses and making on the spot payments. In our business it was a great card, with multiple users we made payments daily if not twice daily. Apps are made for convenience. However, with the C1 App there is no way to remove draft accounts. Some what Defeats the purpose of having a mobile App. We had someone break into our office and forge checks . Our bank(s) closed our accounts-as we have 3 dba’s. Just as our daily capital one payments were being drafted our accounts were closed. using the Capital one App, we added our new accounts- the only difference in draft account numbers were first 3 digits. The capital one App only shows the last 4 digits. So if you are traveling as we do in our industry, living by our smart phones, you are stuck guessing what account is the correct account to be drafted. Capital one closed our account and refused to reopen it. After 2 years of multiple weekly payments and 10 of thousands spent on the card monthly , our Capital one app failed us by not showing which bank account was which.

Make sure if you change bank accounts you are near a desktop to immediately change draft information because the mobile app will not allow you to delete accounts. We changed over 30 payable accounts due to this forgery nightmare. Capital one is the only card that failed us and closed our account- App is incomplete and still needs work.

The developer, Capital One, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • Contacts
  • User Content
  • Identifiers
  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Location
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Information

Seller
Capital One Services, LLC

Size
341 MB

Category
Finance

Compatibility
iPhone
Requires iOS 13.0 or later.
iPad
Requires iPadOS 13.0 or later.
iPod touch
Requires iOS 13.0 or later.
Languages

English, Spanish

Age Rating
4+

Copyright
© 2021 Capital One Bank (USA), N.A., and Capital One, N.A. Members FDIC. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Price
Free

Supports

  • Wallet

    Get all of your passes, tickets, cards, and more in one place.

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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Источник: https://apps.apple.com/us/app/capital-one-mobile/id407558537

Spark Business By Capital One Review
Is It Actually Right For You?

Capital One Spark Business Review

Do you need to open a business bank account? Looking for the perfect combination of a convenient bank that won’t nickel and dime you on fees? There are so many options these days that it can be difficult to figure out which is the best for you.

To complement your own research, my team and I spent countless hours examining the details of every popular bank for business. My goal with this review is to give you the info you need to make the right decision for your company.

In this Spark Business by Capital One Review, I’ll go over the pros and cons, pricing and features, customer feedback and much more. Read on to find out if they’re a good fit for your business!

Capital One Pros & Cons

Pros of Capital One

  • There are no monthly fees, transaction limits or minimum balances with Spark Business.
  • You can use any Capital One or Allpoint ATMs free of charge. That’s over 40,000 fee-free ATMs in the US.
  • Your deposits are available within 24 hours and you can link your savings account to protect against overdrafts. Throw in free electronic invoicing and bill paying, and you’ve got a fully featured bank.
  • If you add a savings account, Spark Business has a 1.00% introductory APY that lasts for 12 months. After that you return to their standard rate of .40%, which is substantially higher than other top banks for business.
  • Their apps are very easy to use and smartly designed for both Android and iOS, and their user interface is incredibly convenient, as you would expect from an entirely digital banking option.

Cons of Capital One

  • If your business deals with cash on a regular basis, then you may want to consider bank accounts that aren’t designed to be completely digital.
  • Some customers have reported inconsistency issues with their mobile deposit system.

Spark Business by Capital One gets a 4.7/5 score in my book. I appreciate their lack of fees and minimums, and their digital banking platform is quite convenient. Overall, I highly recommend and use them myself. Ready to get started with Spark Business? Need some time to check out our guide to the best business banks? Either way, use the buttons below and you’re on your way.

Capital One

Most Popular

Spark Business Pricing & Features

The 100% digital Spark Business Checking Account comes with no minimums or fees, including foreign transaction fees which most competitors charge. Take a look at what Spark Business has to offer your company:

Capital One Business Checking Pricing

Considering how many fees you can rack up with other business checking accounts, the amount of money you can save on just banking fees alone is significant. I will say that if you anticipate needing to visit physical bank branches, you should probably look elsewhere. As a digital platform, Spark Business lacks some of the advantages of brick-and-mortar banks, like the ability to deposit cash.

Spark Business also has savings accounts, which have some nice perks as well:

  • 1.00% APY for 12 months, 0.40% APY after that
  • No service fees or minimum balances
  • Link to your checking account to protect against overdrafts

Customer Reviews

I’ve found that banking app reviews are the most consistent source for customer feedback on financial institutions, and that’s doubly true for a fully digital bank like Spark Business by Capital One.

On both Google Play and iTunes, their customers rave about how simple it is to use the platform, and how much money they’re saving on fees compared to their previous banks. Some customers do have complaints about difficulties with making deposits, but that’s the only issue we found that seemed to be even somewhat common.

Customer Reviews Last Updated 8-16-17
  • Google Play: 4.5/5 out of 509 reviews
  • iTunes: 4.3/5 out of 289 reviews

Conclusion: The vast majority of their customers have nothing but good things to say about them. I’ve spent a lot of time researching banks for business — trust me when I say that nearly universal praise from customers is far from normal. Big points to Spark Business.

How Spark Business Compares

With as much time as I’ve spent poring over the details of the best business banks, I’ve determined that some of them offer better options for business customers than others. Still, our goal is to figure out which one has the convenience and features that you need.

Spark Business by Capital One is a top business bank due to their lack of fees and the convenience of digital banking. Of course, it’s always a good idea to see what the competition has to offer, so let’s also take a look at the most popular small business bank, Bank of America.

Quick Note: I have personally used and tested both banks.

Pricing: Depending on which of their business checking products you choose, Bank of America charges a monthly fee of $14-$29.95 which can be avoided with a $3,000-$15,000 minimum balance. Spark Business has no fees or minimums.

Features: Bank of America has 16,000 ATMs and 4,600 branches in the US, whereas Spark Business gives you access to 40,000 ATMs but no physical branches. Bank of America’s business savings accounts have APY of 0.02-0.06%, but Spark Business has APY of 0.40%-1.00%.

Customer Support: These are both huge financial institutions with equally large support teams. As is prone to happen in these situations, a few unsatisfied customers will slip through the cracks. In addition, know that you might not always get immediate answers to your questions. That said, for the most part I’ve found that both Bank of America and Spark Business reps are quite friendly and willing to help. As far as wait time goes, they’re about equal.

Experience: Bank of America is the 2nd largest bank in America, and they’ve been offering business banking solutions since 1904. Capital One is the 8th biggest bank in the country, in business since 1988.

Service Fee Starts at $0

In Business Since 1988

Perfect for: Anyone looking for a startup-friendly, cost-effective bank for business

Visit Website

Service Fee Starts at $16/month

In Business Since 1904

Perfect for: Anyone looking for business banking with the most number of locations

Visit Website

Frequently Asked Questions

How Easy Is It to Get Set Up?

You can get set up online or over the phone. New customers simply need to provide basic company and contact information and you’re on your way. It’s quite simple to open your new business bank account.

What Perks Come with Checking Accounts?

You get next-day access to deposits, a free debit card, overdraft protection options and free electronic invoicing. Many of these are common features, but they make a nice bonus when you consider you’re already not paying any fees.

How Are Deposits Made?

You can either deposit through a photo via the mobile app, or deposit a check at a Capital One or Allpoint ATM. Do keep in mind that because Capital One does so much business online, they only have about 700 brick and mortar branches nationwide, and digital Spark Business customers don’t really benefit from them anyway.

Should You Use Spark Business?

Spark Business by Capital One gets a 4.7/5 score in my book. I appreciate their lack of fees and minimums, and their digital banking platform is quite convenient. Overall, I highly recommend and use them myself. That being said, if this doesn’t sound like you perfect fit, check out our Best Business Bank Accounts.

Источник: https://startupsavant.com/capital-one-business-review

: Capital one spark mobile app

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capital one spark mobile app
capital one spark mobile app

Please Note: The Capital One® Spark® Cash for Business and Capital One® Spark® Classic for Business are currently unavailable through our site.

The Capital One® Spark® Cash for Business credit card is a simple cash back business credit card with some valuable introductory welcome offers. If you have good to excellent credit and qualify for the card, you can grow a business by earning unlimited cash back on every purchase, redeemable whenever you want with no minimums.

Capital One provides business owners with an array of business tools, including integration with accounting software, year-end reports and free employee cards that help you increase the cash back you earn. The unlimited cash back offer may be especially attractive to big business spenders, compared to other cards with lower rates or spending limits for earning.

What we like about the Capital One® Spark® Cash for Business Credit Card

  • Get unlimited 2% cash back on all purchases.
  • There are zero transaction fees for international purchases.
  • Get security features like fraud coverage and alerts, plus zero fraud liability if your card is lost or stolen. Get automatic fraud alerts via text, email or a phone call.
  • Get rental collision coverage for any damage or theft when you rent an eligible car, as well as a wide range of travel assistance emergency capital one spark mobile app when traveling, like ticket replacement and legal and medical referrals.
  • Get extended warranty (double the length of the manufacturer’s warranty) and protection on eligible card purchases, including purchase security like replacement, repair or reimbursement on eligible items within 90 days of purchase.

Things to consider

  • If you’re using business credit cards primarily for travel, you might want to consider a travel credit card for better rewards.
  • Smaller businesses may be more interested in cash back without an annual fee.
  • You’ll need good to excellent credit to qualify for this business credit card.

Capital One® Spark® Cash for Business credit card details

The Capital One® Spark® Cash for Business credit card is designed with business owners in mind. You can get a custom, itemized spending report for your business and can view a list of recurring merchant transactions. Plus, integrate your card records with business applications like Quicken, Quickbooks and Excel. The Capital One Spring service also provides exclusive deals on business expenses.

With employee cards, you can set personalized limits on spending for employee cards and see employee transactions instantly. You can designate an account manager to make payments and transactions, review transactions and resolve any problems. You can also instantly lock any card, including employee cards.

The Capital One® Spark® Cash for Business credit card also enables business owners to find transaction details capital one spark mobile app merchant information on purchases, plus you can choose a monthly due date and set up AutoPay for automatic payments. Cardholders can manage their accounts online and on Captial One’s mobile app.

Capital One® Spark® Cash for Business fees

While the card isn’t tailored for travel, the lack of foreign transaction fees is a nice perk to this card. There are no transfer fees, either. Other fees with this card are standard for business credit cards. The fee for a cash advance is spirit airlines phone number usa $10 or 3% of the amount of each cash advance, whichever is greater. Late payment fees are up to $39.

How does it compare to other cash back business credit cards?

If you’re a small business owner with average credit who doesn’t qualify for the Capital One® Spark® Cash for Business credit card, you may like the Capital One® Spark® Classic for Business credit card. There’s a higher APR rate, but no annual fee. Plus, you earn 1% cash back for your business on every purchase and have access to all of Capital One’s business features.

Small and midsize business owners may be interested in the American Express Blue Business Cash™ Card. You earn similar cash back up to a certain limit, with a solid intro APR period and a lower potential variable APR rate after the first year.

CardOngoing Purchase APRAnnual FeeIntro BonusCredit NeededKey features
Capital One® Spark® Cash for Business20.99% Variable$0 intro for the first year, $95 thereafter.Earn a one-time $500 cash bonus once you spend $4,500 on purchases within 3 months from account openingGood to Excellent
  • Earn unlimited 2% cash back.
  • Get Capital One business credit card benefits, including fraud coverage, free employee cards and year-end summaries.
  • There are no foreign transaction fees.
Capital One® Spark® Classic for Business26.99% VariableNoneNoneAverage, Fair, Limited
  • Earn unlimited 1% cash back.
  • Get Capital One business credit card benefits, including fraud coverage, free employee cards and year-end summaries.
  • There are no foreign transaction fees.
American Express Blue Business Cash™ Card13.24% - 19.24% Variable See Rates & Fees here No annual fee See Rates & Fees here NoneGood to Excellent
  • 2% cash back on all eligible purchases on up to $50,000 per calendar year, then 1%. Cash back earned is automatically credited to your statement. Terms Apply.

Too long, didn’t read?

The Capital One® Spark® Cash for Business credit card is a simple cash back credit card for business owners, where there’s no need to track categories. If your business spending is primarily not related to travel, you can get meaningful cash back rewards, especially by taking advantage of the introductory offers. For business owners who don’t spend much on business expenses, other cash back cards may be a better fit considering the annual fee.

For rates and fees of American Express Blue Business Cash™ Card, please click here .

Please Note: Information about the American Express Blue Business Cash™ Card has been collected independently by TheSimpleDollar.com. The issuer did not provide the details, nor is it responsible for their accuracy.

Editorial Note: Compensation does not influence our recommendations. However, we may earn a commission on sales from the companies featured in this post. To view our disclosures, click here. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by our advertisers. Reasonable efforts are made to present accurate info, however all information is presented without warranty. Consult our advertiser’s page for terms & conditions.

Holly Johnson is a frugality expert and award-winning writer who is obsessed with personal finance and getting the most out of life. A lifelong resident of Indiana, she enjoys gardening, reading, and traveling the world with her husband and two children. In addition to The Simple Dollar, Holly writes for well-known publications such as U.S. News & World Report Travel, PolicyGenius, Travel Pulse, and Frugal Travel Guy. Holly also owns Club Thrifty.

Источник: https://www.thesimpledollar.com/credit-cards/card-reviews/capital-one-spark-cash-review/

Toby Cryns, WordPress Trainer in Minneapolis, MN

As you know, CapitalOne tries to limit its paper christmas tree in the park san jose deposits to their phone apps. Since the CapitalOne Android phone app crashes all the time, I like to use my laptop – you can also use your desktop computer.

Here’s how to use your desktop or laptop to deposit paper checks into your CapitalOne Spark Business Checking account:

  1. Take front and back photos of your check using your phone, then get associated bank login bill payments onto your computer desktop. I use Google Photos for this, but you could use Apple Photos or whatever you’d like.
  2. Log into CapitalOne Spark and then, using the inspector, simulate a phone view.
  3. In the menu, select “Deposit Check” (see screengrab below).
  4. Fill in the blanks and hit “Submit”!

That’s it!

Related

Posted in Blog

Источник: https://tobycryns.com/how-to-deposit-paper-checks-into-capitalone-spark-checking-using-your-desktop-computer/

If you are a small business owner looking to earn a flat rate of miles on every purchase you make, the Capital One Spark Miles for Business offers a generous rate that makes it easy to stockpile rewards. Then, you can redeem those miles for any travel purchase with ease.

Decent sign-up bonus

You’ll earn 50,000 miles when you spend $4,500 in the first three months, which is redeemable for $500 if you use it for travel purchases. While fair, this is far from the card’s best sign-up offer. That said, there’s no telling when or if the previous huge bonus will come around again.

Earning miles

You’ll enjoy a flat earning rate of 2 miles per dollar on every purchase you make. With no limits to how much you can earn, racking up miles with the Spark Miles card should be pretty simple.

What are miles worth?

Unlike some business cards – like the Ink Business Preferred Credit Card – the Spark Miles does not offer any sort of boost for redeeming miles a certain way. You won’t be able to improve the value of your miles by redeeming through the Capital One travel portal. Whether you redeem for travel booked with Capital One or on a third-party travel site, each mile is worth 1 cent.

Since other business cards offer some kind of points boost – whether or not they have a higher earning rate – they can occasionally outpace the overall value of the Spark Miles card. Here’s a quick look at some capital one spark mobile app our most popular business cards and the value you can get out of each dollar you spend (factoring in earning rate and point value):

Despite no ability to stretch point value, the flat earning rate on the Spark Miles card still ranks it relatively high among popular business cards.

Redeeming miles

The redemption options on the Spark Miles card are very flexible. You can redeem miles for any travel purchase you’ve made in the last 90 days. You just choose the “Redeem a Purchase” option on your online account or mobile app and you’ll be able to view a list of qualifying purchases. Then you can choose to use miles to cover all or part of that purchase.

Tip: To determine which purchases count as travel, Capital One uses merchant category codes. Sometimes, non-traditional purchases like UberEATS orders will code as travel – allowing you to use miles for a wide variety of transactions. If you aren’t sure how a merchant will code on your statement, you can try making a small purchase and seeing how it displays.

By choosing this option, you can search for travel deals on third-party sites and still get the full value out of your miles.

Unfortunately, not all redemption options are as lucrative as travel redemptions. If you choose to redeem your miles for a statement credit – for example – you’ll get half their normal value.

Spark Miles redemption options

Redemption optionMiles value (cents)
Travel purchase in Capital One Travel Center1
Outside travel purchase1
Gift card0.8 – 1
Statement credit0.5
Check0.5

Benefits

The Spark Miles card comes with several extra perks for small business owners – adding to its overall value. Here are a few of the most useful offerings:

  • Year-end account summaries – Download a custom, itemized spend report each quarter and year.
  • Quickbooks downloads – To help you better manage your spending, the Spark Miles card allows you to download purchase records directly to software like Quickbooks, Quicken or Excel.
  • Car rental insurance – For rental cars booked and paid with the Spark Miles card, you can receive primary coverage up to the cash value of the vehicle (for business car rentals).
  • Global Entry/TSA PreCheck credit – Receive a credit up to $100 for an application for Global Entry/TSA PreCheck every four years .

All of these perks are designed to help you save money, whether through better spending visualization or coverage in the case of an accident. To get the most out of these perks, put all your business capital one spark mobile app on the card.

Managing employee cards

Though the Spark Miles card does include some valuable benefits for small businesses, it lacks a few key features. For example, you can add employees to your account for no additional fee, but you cannot manage those accounts remotely or set limits on individual spending. Also, while the card offers an app to help tag receipts and manage purchases, the app is designed for personal card users and doesn’t let business card owners track employee spending.

Approval odds

The Spark Miles card is a business credit card, so qualifying might be a bit more difficult than a personal card. It is designed for users with excellent credit (above 750). Plus, you’ll have to submit information about your business including your TIN or EIN (or SSN if you are a sole-proprietorship or single-member LLC), business ownership type, annual revenue and spend per month. There are no specified qualifications for business size or spend, but it is important that you have a good individual credit history.

See Related: Getting a business credit card is easier than you may think

Tip: Don’t forget to consider the effect of a capital one spark mobile app business credit card on your personal credit score. Depending on the type of business you have, some of your business activity might display on your personal credit report.

Customer experience

Among major issuers, Capital One’s customer service rates quite well. In J.D. Power’s 2020 customer satisfaction survey, the bank rated 808, coming in fifth out of 11 credit card issuers. On the plus side, it’s app rates well among users – rating 4.8 out of 5 in the Google Play Store and 4.7 out of 5 in the Apple App Store. The bank also offers 24/7 customer service and an online chat feature – though you might capital one spark mobile app to do a little digging to find it.

How does the Spark Miles compare to other cards?

Though the Spark Miles card offers a great flat rate for earning miles, some business owners might be better off with another rewards earning scheme. Here are a few popular alternatives:


Capital One Spark Cash for Business (no longer available)

Ink Business Preferred® Credit Card

The Blue Business® Plus Credit Card from American Express
Rewards rate

2% cash back on all purchases

Rewards rate
  • 3 points per dollar on travel, shipping, internet, cable, phone services and advertising purchases (up to $150,000 in combined purchases yearly)
  • 1 point per dollar on general purchases
Rewards rate

2 points per dollar on every purchases (up to $50,000 in purchases per year, then 1 point per dollar)

Welcome bonus

$500 if you spend $4,500 in first 3 months

Welcome bonus

100,000 points if you spend $15,000 in first 3 months

Welcome bonus

15,000 points after you spend $3,000 in eligible purchases within your first 3 months

Annual fee

$95, $0 first year

Annual fee

$95

Annual fee

$0

Other things to know
  • Free employee cards
  • Quarterly and year-end summaries
  • No foreign transaction fees
Other things to know
  • Free employee cards
  • No foreign transaction fees
  • 25% higher point value when redeemed for travel through Ultimate Rewards
Other things to know

Capital One Spark Cash card

Similar to the Spark Miles card, the Spark Cash offers a flat 2 percent rate on every purchase. What sets it apart is that it offers cash back rather than travel miles. For many spenders, this might be the better Capital One small business choice. Since cash back is much more flexible than miles, you can always cash out your rewards and use them for travel purchases.

Chase Ink Business Preferred

Rather than a flat rate of rewards, the Ink Business Preferred card offers 3 points per dollar in several bonus categories: travel, shipping, internet, cable, phone services and advertising purchases (up to $150,000 in combine purchases yearly). If you spend heavily in any of those categories, you can significantly boost the rewards rate on this card. Plus, you’ll get a higher point value on any points you redeem for travel through the Ultimate Rewards portal.

Blue Business Plus Amex

The Blue Business Plus American Express card comes with a similar flat rate of rewards as the Spark Miles, but it includes a $50,000 capital one spark mobile app spend cap on that rate. On the plus side, American Express has a much more extensive list of travel partners with a better transfer rate (1:1 for most partners). Cardholders can transfer points to major airlines like Delta and British Airways.

How do businesses use the Capital One Spark Miles card?

Given its 2:1 rewards rate and sign-up bonus, the Capital One Spark Miles for Business card could be a good option for businesses looking to rack up miles for travel. Here’s how one small business owner made the most of the card:

Small Business Credit Profiles

How TaKorean uses the Capital One SparkMiles for Business card

TaKoreanWhen you spend almost a million dollars each year, the miles add up quite a bit.

Michael Lenard of TaKorean, a Korean fusion food truck used the Capital One Spark Miles for Business card to expand his company’s purchasing power and get in on the rewards action. Here’s his advice to other business owners considering the card:

  • Use the miles you earn for business and personal trips, which can be a bit of a silver lining if you’re still paying yourself a low salary to grow your business.
  • Pay off your cards frequently and keep your balance low so that you can have flexibility when you need it.
  • Only borrow money when your existing cash flow can cover it if all else fails. Sometimes you’ll have to be bold and have a “go big or go home” moment, but once you have something good, you have to think ahead to protect it.
Read mastercard login first premier of our Small Business Credit Profiles

Who should apply for the Capital One Spark Miles card?

  • Small business owners looking for a good flat rate of rewards.
  • Frequent travelers who prefer hunting for deals on third-party sites to using a bank’s travel portal.
  • Cardholders looking to add employee cards at no extra fee.
  • Cardholders who will take advantage of budget and spend tracking tools.

How to use the Capital One Spark Miles card:

  • Use the card for most of your purchases to take advantage of a good flat earning rate and budget tracking tools.
  • Spend $4,500 in the first three months to get the full 50,000 mile bonus.
  • Add employee cards for no extra cost, but remember you can’t set individual spending limits.
  • Redeem miles for travel purchases or transfer to a travel partner to get the most value out of them.
  • Avoid carrying a balance on this card to avoid racking up interest.

Is the Capital One Spark Miles card worth it?

If you are the kind of cardholder who prefers to keep oan one america news your purchases to one card, the Spark Miles offers one of the best flat rates available among business cards. However, users who want to redeem their miles for anything other than travel might be better off opting for the Capital One Spark Cash for Business. You’ll enjoy the same business perks and rewards rate with much more flexible redemption options..

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

Источник: https://www.creditcards.com/reviews/capital-one-spark-miles-for-business/

Spark Business By Capital One Review
Is It Actually Right For You?

Capital One Spark Business Review

Do you need to open a business bank account? Looking for the perfect combination of a convenient bank that won’t nickel and dime you on fees? There are so many options these days that it can be difficult to figure out which is the best for you.

To complement your own research, my team and I spent countless hours examining the details of every popular bank for business. My goal with this review is to give you the info you need to make the right decision for your company.

In this Spark Business by Capital One Review, I’ll go over the pros and cons, pricing and features, customer feedback and much more. Read on to find out if they’re a good fit for your business!

Capital One Pros & Cons

Pros of Capital One

  • There are no monthly fees, transaction limits or minimum balances with Spark Business.
  • You can use any Capital One or Allpoint ATMs free of charge. That’s over 40,000 fee-free ATMs in the US.
  • Your deposits are available within 24 hours and you can link your savings account to protect against overdrafts. Throw in free electronic invoicing and bill paying, and you’ve got a fully featured bank.
  • If you add a savings account, Spark Business has a 1.00% introductory APY that lasts for 12 months. After that you return to their standard rate of .40%, which is substantially higher than other top banks for business.
  • Their apps are very easy to use and smartly designed for both Android and iOS, and their user interface is incredibly convenient, as you would expect from an entirely digital banking option.

Cons of Capital One

  • If your business deals with cash on a regular basis, then you may want to consider bank accounts that aren’t designed to be completely digital.
  • Some customers have reported inconsistency issues with their mobile deposit system.

Spark Business by Capital One gets a 4.7/5 score in my book. I appreciate their lack of fees and minimums, and their digital banking platform is quite convenient. Overall, I highly recommend and use them myself. Ready to get started with Spark Business? Need some time to check out our guide to the best business banks? Either way, use the buttons below and you’re on your way.

Capital One

Most Popular

Spark Business Pricing & Features

The 100% digital Spark Business Checking Account comes with no minimums or fees, including foreign transaction fees which most competitors charge. Take a look at what Spark Business has to offer your company:

Capital One Business Checking Pricing

Considering how many fees you can rack up with other business checking accounts, the amount of money you can save on just banking fees alone is significant. I will say capital one spark mobile app if you anticipate needing to visit physical bank branches, you should probably look elsewhere. As a digital platform, Spark Business lacks some of the advantages of brick-and-mortar banks, like the ability to deposit cash.

Spark Business also has savings accounts, which have some nice perks as well:

  • 1.00% APY for 12 months, 0.40% APY after that
  • No service fees or minimum balances
  • Link to your checking account to protect against overdrafts

Customer Reviews

I’ve found that banking app reviews are the most consistent source for customer feedback on financial institutions, and that’s doubly true for a fully digital bank like Spark Business by Capital One.

On both Google Play and iTunes, their customers rave about how simple it is to use the platform, and how much money they’re saving on fees compared to their previous banks. Some customers do have complaints about difficulties with making deposits, but that’s the only issue we found that seemed to be even somewhat common.

Customer Reviews Last Updated 8-16-17
  • Google Play: 4.5/5 out of 509 reviews
  • iTunes: 4.3/5 out of 289 reviews

Conclusion: The vast majority of their customers have nothing but good things to say about them. I’ve spent a lot of time researching banks for business — trust me when I say that nearly universal praise from customers is far from normal. Big points to Spark Business.

How Spark Business Compares

With as much time as I’ve spent poring over the details of the best business banks, I’ve determined that some of them offer better options for business customers than others. Still, our goal is to figure out which one has the convenience and features that you need.

Spark Business by Capital One is a top business bank due to their lack of fees and the convenience of digital banking. Of course, it’s always a good idea to see what the competition has to offer, so let’s also take a look at the most popular small business bank, Bank of America.

Quick Note: I have personally used and tested both banks.

Pricing: Depending on which of their business checking products you choose, Bank of America charges a monthly fee of $14-$29.95 which can be avoided with a $3,000-$15,000 minimum balance. Spark Business has no fees or minimums.

Features: Bank of America has 16,000 ATMs and 4,600 branches in the US, whereas Spark Business gives you access to 40,000 ATMs but no physical branches. Bank of America’s business savings accounts have APY of 0.02-0.06%, but Spark Business has APY of 0.40%-1.00%.

Customer Support: These are both huge financial institutions with equally large support teams. As is prone to happen in these situations, a few unsatisfied customers will slip through the cracks. In addition, know that you might not always get immediate answers to your questions. That said, for the most part I’ve found that both Bank of America and Spark Business reps are quite friendly and willing to help. As far as wait time goes, they’re about equal.

Experience: Bank of America is the 2nd largest bank in America, and they’ve been offering business banking solutions since 1904. Capital One is the 8th biggest bank in the country, in business since 1988.

Service Fee Starts at $0

In Business Since 1988

Perfect for: Anyone looking for a startup-friendly, cost-effective bank for business

Visit Website

Service Fee Starts at $16/month

In Business Since 1904

Perfect for: Anyone looking for business banking with the most number of locations

Visit Website

Frequently Asked Questions

How Easy Is It to Get Set Up?

You can get set up online or over the phone. New customers simply need to provide basic company and contact information and you’re on your way. It’s quite simple to open your new business bank account.

What Perks Come with Checking Accounts?

You get next-day access to deposits, a free debit card, overdraft protection options and free electronic invoicing. Many of these are common features, but they make a nice bonus when you consider you’re already not paying any fees.

How Are Deposits Made?

You can either deposit through a photo via the mobile app, or deposit a check at a Capital One or Allpoint ATM. Do keep in mind that because Capital One does so much business online, they only have about 700 brick and mortar branches nationwide, and digital Spark Business customers don’t really benefit from them anyway.

Should You Use Spark Business?

Spark Business by Capital One gets a 4.7/5 score in my book. I appreciate their lack of fees and minimums, and their digital banking platform is quite convenient. Overall, I highly recommend and use them myself. That being said, if this doesn’t sound like you perfect fit, check out our Best Business Bank Accounts.

Источник: https://startupsavant.com/capital-one-business-review

Screenshots

Description

What’s on the Capital One Mobile app? All of your accounts, and so much more.

Whether you’re out in the world or feeling right at home, you can manage your money with ease:
- View balances and export statements
- Pay bills and take care of loans
- Check in on your credit with CreditWise
- Activate a credit or debit card when you need it
- Redeem rewards on the go
- Send and receive money with friends americas card room blitz family using Zelle®

With the Capital One Mobile app, you can .
- Stay informed when you enable alerts and purchase notifications
- See everything that happens on your card with detailed transactions
- Instantly lock your credit or debit card from anywhere
- Get answers from Eno, your Capital One assistant

Download the app for better banking with Capital One.



Internet access is needed to use the mobile app. Check with your Internet service provider for details of specific fees and charges. Service outages may occur. Capital One customers are responsible for regularly checking their account statements. Push, email, and SMS alerts and notifications, including purchase notifications, must be enabled to be received. CreditWise monitoring and alerts may not be available if the information you enter at enrollment does not match the information in your file at one or more consumer reporting agencies or you do not have a file at one or more consumer reporting agencies. Features may not be available to all customers. Actual experiences may differ from those depicted. Additional terms and limitations apply.

© 2021 Capital One Bank (USA), N.A., and Capital One, N.A. Members FDIC. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. To read about the Terms of your download, check out the End User License Agreement.

Version 5.90.0

Thanks for using Capital One Mobile. We make regular updates to our app to ensure your experience is top notch. Each new version of our app includes new features to allow you to do more in the app and improvements to make it faster and more reliable!

Updates:
- Defect fixes
- UI fixes

Ratings and Reviews

4.8 out of 5

4.7M Ratings

Good app but quirky lately (UPDATED)

I’ve been using this app for years and prefer it over competitor’s offerings. I like that notifications can be configured and received for every transaction. However within the past week or so, these notifications have been arriving very late — like many hours after the transaction has occurred. E.g. if my wife makes a purchase in the morning on her card I won’t see the transaction notification until the afternoon and I have to ask her if that was a legitimate transaction or not. It’s not very helpful, please look into why these delays are occurring.

EDIT: reduced from 5 stars to 2 stars because the delays in the purchase notifications have gotten absurd. I have iOS and SMS notifications enabled for purchases and both have been arriving OVER TWLEVE HOURS AFTER the actual purchase time. This is plainly ridiculous. Please fix!

EDIT2 (14Jan2020): OK back to five capital one spark mobile app for now! The notifications issue seems to have been resolved as the “Instant Purchase Notifications” are back to being “instant”. Overall I have no qualms about this app as it’s easy to use for the few basic things I need it to do, with the notifications thing being at the top of the list. Thank you for the fix!

Not practical for deposit account holders

From what I hear this app and Capital One as a whole is AMAZING for credit card holders but for those that own deposit accounts this app really isn’t that useful! I’ve been banking with Capital One for years and I can honestly say I miss a lot of the features the Capital One Wallet app used to provide. I’d love the developers of this app to take their deposit account holders into consideration and add features like alerts when a deposit is made to my account as well as alerts when a transaction is made over a certain dollar amount. To be clear, when I say alerts I mean actual notifications to my device sent from the app that appear on my home screen. I don’t want to have to receive alerts via wells fargo debit card picture that is so outdated plus I have enough text threads as it is between work and family. I’m beginning to feel like Capital One isn’t interested in investing in their deposit account holders now or even in the future. I believe this company is more focused and geared towards their credit and lending services. To be fair Chase not only provides these basic notification services to customers but they also have added the ability to view what you spend money on weekly to their app. I do not want to close my accounts and go over to another bank because I truly enjoy banking with Cap. One. I love everything from the customer service all the way down to the debit card design. But I have a feeling I will leave if I don’t see any changes being made.

We appreciate you taking time to provide us with your feedback regarding the app and its features. We're always looking at ways to make our app be the best it can be, so we'll be sure to pass along your feedback to our dev team. If you have any additional feedback to share with us, feel free to update your review.

App”ic” Fail

Capital one app is a convenient way of tracking expenses and making on the spot payments. In our business it was a great card, with multiple users we made payments daily if not twice daily. Apps are made for convenience. However, with the C1 App there is no way to remove draft accounts. Some what Defeats the purpose of having a mobile App. We had mortgage questions login phh break into our office and forge checks. Our bank(s) closed our accounts-as we have 3 dba’s. Just as capital one spark mobile app daily capital one payments were being drafted our accounts were closed. using the Capital one App, we added our new accounts- the only difference in draft account numbers were first 3 digits. The capital one App only shows the last 4 digits. So if you are traveling as we do in our industry, living by our smart phones, you are stuck guessing what account is the correct account to be drafted. Capital one closed our account and refused to reopen it. After 2 years of multiple weekly payments and 10 of thousands spent on the card monthlyour Capital one app failed us by not showing which bank account was which.

Make sure if you change bank accounts you are near a desktop to immediately change draft information because the mobile app will not allow you to delete accounts. We changed over 30 payable accounts due to this forgery nightmare. Capital one is the only card that failed us and closed our account- App is incomplete and still needs work.

The developer, Capital One, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Capital one spark mobile app to Track You

The following data may be used to track you across apps and websites owned by other companies:

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • Contacts
  • User Content
  • Identifiers
  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Location
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

Information

Seller
Capital One Services, LLC

Size
341 MB

Category
Finance

Compatibility
iPhone
Requires iOS 13.0 or later.
iPad
Requires iPadOS 13.0 or later.
iPod touch
Requires iOS 13.0 or later.
Languages

English, Spanish

Age Rating
4+

Copyright
© 2021 Capital One Bank (USA), N.A., and Capital One, N.A. Members FDIC. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Price
Free

Supports

  • Wallet

    Get all of your passes, tickets, cards, and more in one place.

  • Family Sharing

    With Family Sharing capital one spark mobile app up, up to six family members can use this app.

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Источник: https://apps.apple.com/us/app/capital-one-mobile/id407558537

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