I am an existing Capital One customer of over a decade - I have a checking account, a savings account, and (at one time) had my auto loan through them.
So when I wanted to open a business account, it was only natural that I would go to Capital One.
This is the SECOND Capital One branch I've gone to and guess what? No business account. This time I waited in line for nearly 40 minutes and when I got to the window, the teller told me that although my paperwork was in order, they only open business accounts by appointment only.
There is nothing on the Capital One website to indicate that they ONLY open business accounts by appointment only. He said he could look to make an appointment for me next week. I guess it was too much trouble - even though I was already there, and my paperwork was confirmed to be in order - to just open the account. He was polite, but what a waste of my time.
I've come to the conclusion that Capital One may be fine for small, personal banking, but it's not suited for business banking. Bank of America allows you to open business accounts online - so that's where I'm headed next, no waiting in line, and no appointment needed.
If you're a businessperson looking for a bank, go elsewhere. read more