Our Kids Savings Account is a kid-friendly bank account that teaches kids how to save their money the safe and responsible way. And like 360 Savings, there are no fees, no minimums and the money is FDIC-insured.
What's the catch? There is none!
Kids Savings Account Terms & Conditions Opens a new window
Kids can sign in to view their account(s) by entering their Customer Number/Saver ID (Username) and the Sign In PIN (Personal Identification Number) they created when opening their Kids Savings Account.
Forgot your Customer Number Opens a new window? Or your Sign In PIN?
Kids will be able to:
In addition to everything a kid can do, the adult can sign in with their own Customer Number/Saver ID (Username) and Sign In PIN to transfer money, set up an Automatic Savings Plan (great for paying allowance) and manage account details.
A kid can sign in and check their balance online 24/7. Transferring money requires a little help from the adult on the account. The adult must sign in using their Customer Number/Saver ID (Username) and PIN in order to move money.
Absolutely not. Any adult (18 years or older) can open a Kids Savings Account with someone under the age of 18. It could be a niece, nephew, grandkid, any kid you want to help start saving.
If the child has forgotten or lost their Customer Number/Saver ID (Username), use our Online Customer Number/Saver ID (Username) Retrieval Tool:
If the child has forgotten or lost their Sign In PIN, use our Online PIN Reset Tool:
Please Note: If we don’t have a valid mobile phone number on file, the child cannot use this tool to reset their PIN. The adult on the account must call 1-888-464-0727 to request a new PIN.
Follow these directions to close one of your Kids Savings Accounts – you’ll need to repeat the steps to close multiple accounts:
Once you do this, your account will be closed. If you're consolidating funds into another Capital One 360 account, the transfer is immediate. If you're transferring the funds to your external linked checking, the funds will arrive in 2 business days.
It's easy. The primary account holder will receive an email notification when the eStatement is ready with instructions on how to view it. Only the primary account holder is able to view the eStatement for the Kids Savings Account.
It's quick and easy. If the child is under 13 give us a call at 1-800-464-3473 and an Associate will help you make the change. If the child is over 13 just have them sign in to capitalone360.com with their Customer Number/Saver ID (Username) and Sign In PIN. Select the 'My Info' tab and update the necessary information.
No, the child can only see the accounts that they are the joint account holder on. They will not be able to see any of your accounts that you don't have them named as a joint account holder.
When the kid on your Kids Savings Account turns 18, the account will automatically convert to 360 Savings. We’ll send instructions to the new adult on how to set up a link so they can begin to contribute to their savings.
If you’re looking to view specific type of transactions in your account, here’s how:
Backup withholding is when someone makes certain payments to you and you must withhold and pay 28% of those payments to the IRS. Payments that may be subject to backup withholding include, but are not limited to, interest, dividends and broker and barter exchange transactions.
If you provide your correct Social Security Number, make proper certifications and report all your taxable interest and dividends on your tax return, payments you receive should not be subject to backup withholding.
Updating your backup withholding status is easy. Just follow these steps:
Your backup withholding status will be updated the day we receive the W-9 Form and funds will/won't be withheld beginning that month.
Requesting a Verification of Deposit (or VOD) is easy. Here’s how:
You can select which accounts you want included. Keep in mind, your account must be open for at least 30 days to be included.
Yes. Due to federal regulations, the Kids Savings Account has a limit of 6 withdrawals per calendar month. Withdrawals include transfers to your linked checking account or between other Capital One 360 accounts and external withdrawals. So, for example, if kids transfer money from one Kids Savings Account to another Kids Savings Account, 360 Savings, 360 Checking, etc., it still counts as 1 withdrawal. Keep in mind, the 6 withdrawal limit is per each Kids Savings Account. If kids exceed the limit multiple times, the account may be closed.
No, you can’t drop into a Capital One branch for help (the nice bankers won’t be able to pull up your account), but call us at 1-888-464-0727 from 8 AM to 8 PM and we can help you out.