The three ways to fund your account

You can add money to a Capital One 360 savings account through a bank transfer from another account, a direct deposit from your employer, or a mobile check deposit. The fastest method depends on which bank holds your other account and whether you have a paycheck coming in. Bank transfers typically take one to two business days. Direct deposit takes one to two pay cycles to set up but then happens automatically. Mobile check deposit posts within one business day in most cases.

Capital One 360 is an online bank, so you cannot walk into a branch and deposit cash or a check at a teller window. You will need to use one of these three methods, or withdraw cash from an ATM at a Capital One branch or MoneyPass network location and deposit it into another account first, then transfer it over.

Key Takeaways

  • Bank transfers from another account are the most common method and typically post within one to two business days.
  • Direct deposit requires you to provide your Capital One 360 account and routing numbers to your employer, and takes one to two pay cycles to set up.
  • Mobile check deposit lets you photograph a check and deposit it through the Capital One 360 app, posting within one business day.
  • You will need your account number and routing number (011000138 for Capital One 360) to receive transfers or set up direct deposit.

Setting up a bank transfer from another account

A bank transfer is the simplest way to move money if you have another checking or savings account at a different bank. Log into your Capital One 360 account online or through the mobile app, then look for the "Transfer" or "Move Money" option. You will be asked to enter the bank name, account number, and routing number of the account you want to transfer from.

Capital One 360 will verify the account by depositing two small amounts (usually under $1 each) into that account, then asking you to confirm those amounts. This verification step takes one to two business days. Once verified, you can transfer money when ready. The transfer itself posts within one to two business days, depending on your other bank's processing speed.

If you are transferring from a major bank like Chase, Bank of America, or Wells Fargo, the process is usually faster because those banks process transfers quickly. Transfers from smaller regional banks or credit unions may take the full two business days.

Receiving direct deposit from your employer

Direct deposit is the most reliable way to fund your account regularly because the money arrives automatically on payday. To set it up, you need to give your employer your Capital One 360 account number and routing number. The routing number for all Capital One 360 accounts is 011000138. You will find your account number in your account settings or on any statement.

Your employer will enter this information into their payroll system. The first direct deposit usually takes one to two pay cycles to process, so if you are paid biweekly, expect it to arrive on your second or third payday after you submit the paperwork. Once it posts once, it will continue automatically on every payday thereafter.

Some employers allow you to split your paycheck between multiple accounts. If you want part of your paycheck to go to your Capital One 360 savings account and the rest to go elsewhere, ask your payroll department whether they support split deposits. Most do.

Depositing a check through the mobile app

The Capital One 360 mobile app includes a mobile check deposit feature. Open the app, find the deposit option, and photograph both the front and back of the check. The app will read the check amount and routing number automatically. You will need to enter the check number and confirm the amount before submitting.

The check must be made out to you and must be a U.S. check. The bank will hold the funds for one business day while they process the image, then the money will post to your account. After deposit, you should write "Deposited via mobile" on the back of the physical check and keep it for your records for at least 30 days, though you can destroy it after that.

There is usually a daily limit on mobile check deposits—often $5,000 to $10,000 per day—and a monthly limit as well. Check your account settings or contact Capital One 360 to confirm the limits on your specific account.

What information you need to receive money

If someone else is sending you money, you will need to give them two pieces of information: your account number and your routing number. Your account number is unique to you and appears in your account settings and on statements. The routing number for Capital One 360 is always 011000138, regardless of which account you have.

Some transfers also ask for the account type (savings or checking) and your name as it appears on the account. Make sure the name matches exactly, or the transfer may be rejected or delayed. If you have changed your name since opening the account, update it in your account settings first.

Timing and what to expect

Bank transfers and direct deposits are processed on business days only, so transfers initiated on a Friday evening or weekend will not post until Monday or later. If you initiate a transfer on a holiday, it will not process until the next business day. Check Capital One 360's holiday calendar if you are transferring around a federal holiday.

Once money posts to your account, it is available when ready for withdrawal or transfer out. Capital One 360 does not hold funds after they arrive. However, if you are transferring money out of your Capital One 360 account to another bank, that outgoing transfer may take one to two business days to appear in the other account.

Frequently Asked Questions

Can I deposit cash into my Capital One 360 account?

Not directly. Capital One 360 has no physical branches where you can deposit cash. You can withdraw cash from a Capital One ATM or MoneyPass network ATM, then deposit that cash into another account you own, and transfer it to Capital One 360 from there. Or you can ask someone else to write you a check, which you can deposit via mobile.

How long does a transfer from my other bank take?

One to two business days in most cases. The exact timing depends on your other bank's processing speed. Some banks process transfers faster than others. If you initiate the transfer on a Friday, it will not post until Monday or Tuesday.

What if I enter the wrong account number when setting up a transfer?

Capital One 360 verifies the account with two small test deposits before allowing transfers. If the account number is wrong, the verification will fail and you will be asked to re-enter it. The test deposits will be returned to Capital One 360.

Can I set up recurring transfers to my savings account?

Yes. Once you have verified an external account, you can schedule recurring transfers on a weekly, biweekly, or monthly basis. This is useful if you want to automatically move money from your checking account to savings on payday.

Is there a limit to how much I can transfer in?

Capital One 360 does not publicly state a single transfer limit, but most banks limit individual transfers to $10,000 to $25,000 per day. If you need to transfer a larger amount, you may need to split it across multiple days or contact Capital One 360 directly.