Cash deposit to your Capital One 360 checking account is a very cool perk. It is something people miss in online-only banks and appreciate in big banks. Although Capital One is not an as big bank as Bank Of America, Chase, and Wells Fargo, it beats them in this regard. It has this very unique feature. For people who want to add cash to the Capital One Checking Account and don’t want to visit a bank branch it can be a game changer.
Cash deposit on debit cards in retail stores is a well known feature. It is available through Green Dot network or Vanilla Reload. All you have to do is take your eligible debit card, up to $500 and visit participating retail locations like Walgreens, 7-Eleven, CVS Pharmacy and some other stores. In the store, ask the cashier at the register to deposit cash to your reloadable debit card. It can cost you a fee up to $5.
Free cash deposit at CVS Pharmacy
Capital One in partnership with CVS now allows cash deposits to your 360 Checking account at the register. And all you have to do is:
- Take your phone and use Capital One mobile app.
- Generate a special barcode.
- Go to the store and ask the cashier to deposit cash.
- Let the cashier scan the barcode.
- Keep in mind, that barcode is valid for 30 minutes. So don’t generate code before you are ready to make the deposit.
- Give cash to the cashier and money should be available within a few minutes.
The limit on deposit is $999 per day and 5 transactions per month. And the deposit is free, so you don’t need to pay any fee. I’ve tried this cash deposit and it was very easy.
On the other hand if you prefer Walgreens as a place deposit cash, you may want to open an account in Chime Bank with a debit card. Chime allows you to deposit up to $500 per deposit without any fee. The total limit is $1,000 per day. Using Chime Debit Card you can deposit cash at other retail stores, but it will cost you a fee.
I believe free deposits at the Register is going to be more popular among other banks.