plainfieldrob said:Noted on WIKI that I was allowed to ACH funds from my other MMChecking to open/fund this account.

They are making two small deposits into my other MMChecking, and when I see them in the register, I'm to go to CapOne On-Line Banking and notify them, at which time they will make the request for funds that I authorized.

WIKI said only check or wire transfer allowed. I think what I did was an ACH, but someone can correct me if I'm wrong.Did you have to call them to do this, or was it available online?

FYI, you updated the Quick Summary, the Wiki feature is a little different, took me a minute to figure out what you were talking about.

orrd said:plainfieldrob said:Noted on WIKI that I was allowed to ACH funds from my other MMChecking to open/fund this account.

ACH wasn't an option for the initial deposit when I signed up for an account through their website last week. My only options were to mail a check or do a wire transfer. Did you have to talk to a CSR to do that?They've totally changed their website since last week.

My account history is missing. Is this the case with anyone else?

dataadmin said:I just applied for the new Costco Capital One Money Market account. I was able to do the initial funding with an online transfer. I have never used Capital One before. But, so far, I like what I've seen. The application process was smooth and it gave me the option of mailing in a check or doing an online transfer from a non-Capital One account.


I think it just changed last week. I opened Costco MMA last year. The rep told me I could send check or wire transfer only.

ACH external transfers are allowed now. I just tried it.
- Transfer request on 9/17
- My external account deducted 9/19
- Costco MMA shows the trasnaction posted on 9/20 but still in pending status.

ACH for opening CostCo MM at Capital One is a go. I was told by CS Rep it would take a check or wire, but after applying on-line I was given the ACH transfer choice.

Weird thing, it would not let me transfer from an existing Capital One MM account - it would let me do all the steps but then fail at the end. I ended up funding with an external account, just waiting on the two small deposits to verify.

Now that the account is open (but not yet funded), I tried again to transfer from my existing Capital One MM account to this new CostCo MM account - worked this time without a problem.

So long 4.8%, hello 5.14%.

Capital One doesn't allow any international wire transfers, incoming or outgoing! Period.

I bought a Costco membership, signed up for the account and went through the whole process only to find this out weeks later. This is a deal breaker for me. I need to accept international wires and I've never heard of a bank that refuses to accept them.

I just called back again to verify with them (Capital One Direct 888-810-4013). They said Capital One Direct accounts don't allow any incoming or outgoing wire transfers, not for any amount, and not from any other countries. No exceptions. And they never have as far as the rep knows. This is for Capital One Direct accounts (including the Coscto MMA), he wasn't sure about other types of Capital One accounts.

zima said:My account history is missing. Is this the case with anyone else?Check the dates that the page defaulted to. Mine showed 10/9 - 10/16 so there was no history; I had to reset it to begin in September.

BTW: I sent a "secure message" asking their schedule for paying/posting interest. I got interest paid on 9/14 and 9/30, but when I went online today (10/16) there was no further interest posted. Scott1961, you're probably right that the 9/14 interest payment was just because of the change to their setup. I'll post again if/when I get an answer from them.

doglar said:Capital One is not the bank it used to be prior to the website change:

in the olden days - when they made a trial deposit they used to withdraw it too
now - they only do the deposits (first clue that they had crossed over to the dark side)

in the olden days - when you pulled money into it, it would earn interest immediately (same day or next day)
now - it takes about 4 to 5 days to show up

in the olden days - you could set up a tranfer in 3 clicks
now - takes 15 to 20 (too many useless screens)

in the olden days - it was a good bank
now - it is a clone of HSBC and has nothing to offer over HSBC.Doglar, I wholeheartly agree with your assessment. They changed dramatically and although the new User Interface is beautiful there's little to keep my business there in the future.

The new lag between withdrawals and deposits seems even longer than HSBC's, even though I'm guessing it's identical...it's almost unnerving.

darqice said:so what is the current reccomendation? - gmac, eloan, amboy, hsbc, etc? - which.
Depends on who you ask, But I would recommend Eloan. Highest rate and one day transfers, Case closed