Archive | May, 2017

new policy Capital One

25 May

New information about your account


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Tue 5/23/2017 9:20 PM




We’re updating your checking account disclosures.

In June, we’ll update the Person2Person (P2P) Payments transfer limits in the Electronic Funds Transfer (EFT) section of your checking account disclosure.

Here’s the scoop:

Currently, outbound transfers (payments sent from your account) are capped at $2,000 a day, up to a total of $10,000 over a 30-day period. There is no cap on the amount of money that can be sent to your account.
Starting in June, limits on transfers to and from your account will be up to our discretion. These limits are designed to be flexible to help improve the security of your service.

Here’s the new fine print:

P2P Payments is subject to limits on the amount and frequency of transfers to and from your account. These limits are designed to be flexible in order to protect the security and integrity of the Service and accounts, including protecting you and all other participants of the Service. These limitations may be based on confidential fraud and risk criteria that are essential to our management of risk and the protection of you and the integrity of the Service, and may be modified at our sole discretion without advance notice.

If you have questions about this change, give us a call at 1‑888‑464‑0727.