2017 Republic Wireless Review: Our Experience After 3 Years

Republic Wireless is a cell phone service provider that began offering service in 2011.

They’re changing the way people pay for and use their cell phone service. 

Why are they making such big waves?

Republic Wireless is stealing customers from the big four carriers left and right because they can save people a massive amount of money every month.

I don’t know about you, but I don’t think anyone loves paying crazy high cell phone bills.

Personally, my wife and I both have our cell phones with Republic Wireless.

Included below are our personal experiences with Republic Wireless throughout the almost three years we’ve been subscribers.

Republic Wireless Plans And Their Prices

No matter which Republic Wireless plan you pick, you never have to sign a contract. Right away, that puts Republic Wireless ahead in my mind.

Save hundreds per year on your cell phone bill with Republic Wireless

Republic Wireless offers a variety of plans.

Their cheapest plan is only $15 a month and gives you unlimited cell service for texts and phone calls but no mobile data over cell towers.

Instead, you can use unlimited data over WiFi.

If you’d like to use data, you’ll have to upgrade to one of their packages with data, which start at just $20 per month for 1 GB of data.

Other plans include 2 GB of data for $30 per month, 4 GB of data for $45 per month and 6 GB of data for $60 per month.

If you’re a heavy data user, they have a 10 GB plan for $90 per month.

If you end up needing more data than your plan allows for in a given month, you can simply upgrade to the next higher plan for the rest of the month. 

Then, you can switch back to your old plan before your next billing cycle begins.

Of course, you still have to pay taxes and governmental fees. On our $20 plan, we pay just $3.57 in taxes and fees per month.

So how can Republic Wireless offer these insanely low rates? Keep reading to find out… Already excited to check out the plans for yourself?

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How Can Republic Wireless Offer Such Low Rates?

How can a cell phone provider offer these rock bottom prices, have great service and survive? I’m glad you asked, because switching to their service can save you hundreds of dollars a year.

Republic Wireless uses wireless networks (WiFi) instead of cell networks whenever possible to make phone calls, send text messages and for all data consumption purposes.

By using free WiFi instead of a cell network, Republic Wireless is able to save a ton of money by not paying for cell network access. They pass these savings along to their consumers in the form of lower rates and I have to say, I’m quite impressed with their offerings.

These days, we’re almost always around a source of WiFi. I know we have WiFi at our home, at work and at many of the stores we shop at on a regular basis like the grocery store and Home Depot.

The only time I don’t have access to WiFi is if I’m travelling somewhere unfamiliar or I’m actually on the road.

Be A Part Of Their Thriving Community

Have you ever heard of a community of passionate AT&T or Verizon users that come together to help each other? I didn’t think so. The community at Republic Wireless’s site is quick to help you out if you ever have a question.

You can even learn how to optimize your Republic Wireless experience through the knowledgeable people already in the community. As you learn, you can add to the conversations if you’d like.

How Good Is Republic Wireless’s Service?

Republic Wireless uses the Sprint or T-Mobile network for all of your cell calls, text messages and data that don’t end up going over WiFi depending on which phone you use.

My phone uses the Sprint network, which is actually one of the better networks in terms of 4G LTE coverage in my area. My wife’s phone uses the T-Mobile network. We haven’t had any major problems with either one.

Make sure to check the coverage in your area on the Republic Wireless website. You can see coverage maps and enter your zip code to see what coverage they have in your area.

But what if you don’t have awesome Sprint or T-Mobile coverage everywhere you go? Is it a big problem?

I’m going to say it isn’t a game breaker with how Republic Wireless works. Due to the fact that they route everything over WiFi as a first priority, as long as you have access to WiFi you should be fine.

Over the past year, we’ve encountered just a few places where we didn’t have phone or data service through Republic Wireless. However, I can remember there were dead spots when I used to have AT&T, too.

You’ll run across these issues with any cell phone provider, but Republic Wireless’s calling and texting over WiFi offers another option for when you’re in a dead zone.  As soon as we connected to the store’s WiFi network, we were able make the call we needed.

When you consider how much cheaper Republic Wireless is than AT&T, Verizon or Sprint, I’m willing to accept an occasional area of spotty service for the hundreds of dollars I’ll save each year.

You Can Switch From WiFi To Cell Service Manually During A Call

If for whatever reason your WiFi call isn’t working smoothly (which we haven’t had any major problems with) there is a setting you can turn on that will allow you to switch a call manually from WiFi to cell service or from cell service to WiFi.

It’s called handover and we’ve rarely had to use it. All you have to do is tap the button.

Republic Wireless’s software is very good at picking a stable network for your phone calls, so we’ve rarely had to switch mid call. However, it’s a nice feature to have.

You might end up with a dropped call if the handover doesn’t go smoothly, but I’d say this is a rare occurrence based on our experience. We could count the amount of dropped calls we’ve had in the past year on one hand with a couple fingers to spare.

What’s The Catch?

Republic Wireless isn’t going to be able to offer the same exact service on all levels of their business that AT&T and Verizon can because they aren’t a behemoth company yet, even though they currently have hundreds of thousands of subscribers.

There isn’t a phone number you can call for customer service, which is a bit annoying. However, they do have a well thought out ticket based online support. You usually get a response pretty fast, but sometimes you may have to wait a bit if they’re super busy.

The only other major downside is you can’t use any phone on Republic Wireless. That said, they do have an awesome selection of Android based phones to choose from.

They have the latest Samsung Galaxy phones, a wide range of Motorola phones and a cheap Huawei phone if you don’t care which phone you use. Check out their full lineup of phones here.

Don’t Worry! You Can Bring Your Phone Number With You!

The biggest worry my wife had about switching to Republic Wireless was keeping her phone number. Luckliy, in almost every case you can port (or take) your old cell phone number to Republic Wireless.

The setup is pretty simple and they have step by step instructions for you to follow. Make sure to check and see if your number can be ported over before you make a purchase with their online tool.

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14 Day Money Back Guarantee

If you’re on the fence about trying Republic Wireless, the 14 day money back guarantee should ease your mind. If you don’t like it, simply return it and get all of your money back, except for your initial shipping. Just make sure to follow the rules.

In order to get the money back guarantee, you must contact Republic Wireless within 14 days of delivery of your phone. You must be able to return the phone in an undamaged condition AND with all of the original packaging. Don’t throw anything away!

You can only return accessories if they are unopened and undamaged. So, don’t open any accessories if you’re not sure if you’re going to keep the phone yet.

All you have to do is wait for your free return shipping label and ship your phone back and they’ll process your request. It’s a pretty simple process! Make sure to check out the Republic Wireless website for full details.

Our Final Verdict On Republic Wireless

Republic Wireless is a great way to save a ton of money on your cell phone service. Even after you buy the phones up front, you’ll save hundreds of dollars a year over a traditional cell phone plan.

The WiFi calling technology seems to be working pretty well for us and it will only get better going forward from here.

Yes, you might drop a call once in a blue moon or you might hit a spot that doesn’t have cell coverage, but the same exact things happen on the big networks like AT&T or Verizon, too.

Overall, I’m willing to take any of the minor inconveniences I’ve dealt with so far in exchange for savings hundreds of dollars a year. In fact, my wife and I have both made the switch to Republic Wireless and we’re saving a ton of money.

That said, Republic Wireless isn’t perfect for everyone.

If you’re not a huge technology nerd that has to have the latest Apple phone every 6 months and your area has decent Sprint, T-Mobile and/or WiFi coverage then I suggest you give them a shot. 

You don’t have anything to lose with their 14 day money back guarantee. Odds are you’ll like the service and save hundreds of dollars a year. How cool is that?!

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Ready to try out Republic Wireless and want to support this site? Sign up through this affiliate link for Republic Wireless! I’m very thankful for everyone who helps support Money Manifesto!

Do you have Republic Wireless? If not, are you considering switching? Have any questions that we can test out for you? Let me know in the comments or contact me!

I worked very hard on this review to help you decide if Republic Wireless is a good fit for you or not to help you save money. All views are 100% my own and 100% honest.

There are affiliate links within this post that will pay me a small commission if you sign up through them. It is the same price for you either way, but I thank you in advance if you sign up through one of my links.

How Much Money Do You Need To Retire?

I was lucky enough to meet Todd Tresidder, author of the book How Much Money Do I Need To Retire, a few years ago at a conference.

I’m really glad I did, because he introduced me to his book exactly at the time I needed it. It helped me figure out what to consider when figuring out how much money I needed to retire.

I’ve been saving at a decent pace for retirement, but I had no clue if I was saving enough or how to plan how much I really needed to save for retirement.

I had run some numbers based on the common retirement calculators you find around the internet, but I always felt they didn’t allow me to properly adjust the variables for the situations I wanted to test.

Even though I knew the retirement calculators I found on the web didn’t share the whole story, I was blown away by how much I was really missing when I read Todd’s book for the first time.

Todd is a retired hedge fund manager and really knows his stuff. He could have written the book based on his personal knowledge, but instead he took the time to quote some amazing research that really drove his points home.

So what concepts did Todd open my eyes to? Here are just a few things you’ll learn in Todd’s book.

Order of Investment Returns Matter

Every retirement calculator I’ve ever used has you input a number for what you expect your investment returns will be. Some make it a bit more complicated and have a pre and post retirement investment returns number.

The problem with these methodologies is, even though your investment returns may average out to that number over the long run, the order and timing of the returns matter much more.

This is especially true as you start drawing down on your retirement funds. If you have big losses as soon as you start withdrawing from your retirement portfolio, you may never recover.

Todd does a great job of explaining this in his book and you could be shocked by the how important this concept is.

Two Key Numbers That Will Completely Change Your Retirement Planning

If you haven’t ever read about these two key numbers, then you might be surprised at the significance of them. The first number is percentage of income saved vs percentage of income spent.

After a bit of thought, it makes sense that if you save more then you’ll spend less, assuming you don’t go into debt. However, this ratio is capable of determining how many years it will take you to be able to retire. Todd includes a chart in his book and the results could make you rethink your retirement planning.

The second number that will completely change your retirement planning is almost completely outside of your control. The second number is your return on investment minus the inflation rate.

This is the real growth of your retirement assets. Inflation is completely out of your control so you’ll need to monitor and adjust for it as you get closer to retirement.

As far as investment return goes, you can invest in riskier or safer assets to change the magnitude of your investment returns, but it is highly unlikely you can actually earn a set investment return each year.

These numbers, investment returns and inflation rates, have a huge effect on your retirement because of the effect of compounding. Todd does a great job of explaining this and its impact in his book.

These are just a couple of many things Todd will open your eyes to if you read his book, How Much Money Do I Need To Retire.

If you want to pick up a copy, you can order it on Amazon as an eBook or a physical book. If you do buy his book through the links in this post, I will receive a small commission as I am an affiliate of Amazon.com.

Have you started planning for your retirement yet? What challenges have you run into so far?

Getting Started with Xero Accounting Software 30 Day Free Trial

Part of running any type of business, including an online business such as mine, is keeping track of business finances.

There are many tools you can use to keep your financials in order.

Some are free once you own the software but take a lot of work, like Excel.

Other solutions, like Xero, are online based and make bookkeeping a bit easier than reinventing the wheel yourself.

Today I want to share a bit about how to get started with Xero. Xero is currently offering a 30 day free trial for their software so you can try it out and see if you like it.

The best part is, their trial doesn’t require any payment info, so you don’t have to remember to cancel if you don’t like it. However, if it works for you, Xero is currently offering 30% off their services for the first six months.

Getting Started With Xero’s Free Trial

Here’s how the free trial with Xero works. First you can use this affiliate link (Try Xero for Free) to access Xero’s 30 day free trial.

Once at the link, you enter your first name, last name, email address and phone number to sign up for Xero.

The next screen will ask you to verify your email address, so you’ll need to check your email and click on the link within that email to continue.

After clicking on the link, Xero will ask you to set up your password. After entering a password, Xero will then take you to their software.

Basic Setup (Once Signed Up And Logged In To Xero)

Once you’re logged into Xero, the first thing you should do is link your bank account to the software. The process is simple by following the steps provided in Xero. You can also use the add bank accounts feature to add any business credit cards you may have to the system, which I highly recommend.

Personally, I added any financial account that has anything to do with my business so all of my information will automatically be imported into the system.

The next step is updating your organization settings so Xero can use that information to customize things like the invoices you send out to clients to get paid. Add in the basic information they ask for so Xero can populate this information in the necessary items throughout their software.

Another important item is setting up payment services, like Paypal. Simply input your payment service information and Xero will add an online payment option on your invoices for you. Xero currently supports Authorize.net, Braintree, DPS eWAY, PayPal, Stripe and custom payment URLs.

Advanced Setup (Once Basic Setup Is Completed)

Once you have the basics set up to get started, you can start working with some of the more advanced items to get the exact Xero experience you want.

The first area is creating custom themes for all of the documents you’ll end up sending to clients. You can decide what information you want to share with a client, such as your address and Tax ID number, as well as customize what titles you want to show up on documents. You can also add any terms or payment terms to a template, as well.

A quick and useful option to help make life easier is the ability to import lists of customers, vendors or suppliers if you have them. If you don’t, you can add these manually as transactions occur.

The next area you should seriously consider customizing is your chart of accounts. If you’ve never used accounting software before, you may be fine using the default chart of accounts.

However, if you’re transferring from a service like QuickBooks, you should definitely import your old chart of accounts or customize the Xero accounts to your liking. Personally, if you have no idea what a chart of accounts is, I highly suggest you use the next advanced setup option.

Inviting an advisor to help with your accounting books is one of the huge benefits of using an online accounting software like Xero. You can set up an account for an advisor, such as your Certified Public Accountant (CPA), so they can access your data.

Your advisor can only access what you give them permission to see within Xero. You can give your advisor as little or as much access as you’d like.

Some people prefer to let their advisor take care of everything within Xero while only logging in to check on how things are going. Other people may prefer to have their advisor double check their work. If you don’t have an advisor, Xero has a list of advisors you can choose from based on your needs.

All of the items covered above are in the Xero getting started menu once you sign up for the free trial. Simply click on the links to work on each task when you have time.

If you’re ready to give Xero a try, you can sign up for their free trial using this link: Try Xero for Free.

Do you use accounting software to manage your business’s accounting needs? Do you have any questions about Xero? Let me know in the comments below.

Ting Wireless Review – Save Hundreds On Your Cell Phone Bill

Lately I’ve been looking into alternative cell phone solutions to help people save money on their crazy high cell phone bills.

Most recently I’ve been trying out Ting, a carrier that charges you only for the minutes, text messages and data that you use each month.

I’m happy to say that the results look promising for those that want to save a ton of money on their cell phone bill and aren’t heavy cell phone users.

I’m also excited to announce that I’ve gotten together with Ting and secured a deal just for Money Manifesto readers.

If you sign up through the links on this page, you’ll get a $25 Ting credit to get you started!

How Ting Saves You Money

Ting saves you money in a few ways. The biggest way they save you money is by only charging you for the minutes, text messages and data that you use each month.

After paying the flat $6 per device monthly fee, you’ll only add on the services you use each month in order to come to your payment amount.

Ting charges you for minutes, text messages and data separately. As of this writing, the charges for minutes are as follows:

  • No usage – $0 per month
  • 1 to 100 minutes – $3 per month
  • 101 to 500 minutes – $9 per month
  • 501 to 1,000 minutes – $18 per month
  • 1,001 to 2,100 minutes – $35 per month
  • 2,101+ minutes – $35 per month + 1.9 cents per minute.

The charges for text messages are as follows:

  • No messages – $0 per month
  • 1 to 100 messages – $3 per month
  • 101 to 1,000 messages – $5 per month
  • 1,000 to 2,000 messages – $8 per month
  • 2,001 to 4,800 messages – $11 per month
  • 4,801+ messages – $11 per month + 1/4 cent per text message

The charges for data are as follows:

  • No usage – $0 per month
  • 1 to 100 MB – $3 per month
  • 101 to 500 MB – $12 per month
  • 501 to 1,000 MB – $19 per month
  • 1,001 to 2,000 MB – $29 per month
  • 2,001+ MB – $29 per month + 1.5 cents per MB

As you can see, Ting only charges you for what you use. If you only use 75 minutes, use no data (thanks to Wi-Fi) and send all of your texts through a Wi-Fi only app, you’ll only pay $9 plus taxes and regulatory fees per month.

Of course, you can take any combination of minutes, text messages and data per month to come up with what your normal usage would be to see what your cell phone bill would cost with Ting.

Chances are, if you aren’t a heavy user and use Wi-Fi whenever possible, your bill will be lower with Ting than with the big cell phone companies like AT&T, Verizon and Sprint.

You do have to pay extra if you travel and use your phone outside the USA, make international calls, or use directory assistance. You’ll have to pay taxes and regulatory fees as well, just like with any other cell phone.

Get Ting $25 Credit

How Ting Works

Want to save money on your cell phone bill? The big four cell phone providers are a rip off. Instead, here's why you should consider Ting Wireless. Save hundreds of dollars per year by making the switch. Ting has cheap cell phones and cheap cell phone plans for everyone. Find out how it works.So how can Ting offer such low pricing and save you a ton of money?

Ting is what is called a mobile virtual network operator (MVNO) which basically means Ting pays Sprint to use their network for their cell service.

Instead of selling you huge chunks of minutes, text messages and data that you may never use, Ting only charges you for what you actually use.

They don’t rely on low usage subscribers to pay for their data hogs. Instead, they charge everyone exactly what they should pay for their service.

Ting doesn’t tie you into a contract, either.

Instead of signing two year contracts or setting up a payment plan for a new phone, simply bring your own Sprint network compatible device or purchase a Ting compatible phone to get started.

Don’t know if your phone is compatible? Use the Ting  Bring Your Own Device (BYOD) tool to find out if your phone can be used with Ting.

Another way Ting saves you money is by not building the price of your smartphone into a contract like other carriers do.

If you just want a simple phone and don’t care about upgrading your phone, you can save even more money by buying a lower end device and not upgrading your device every two years.

Of course, if you want a newer phone, you can bring almost any Sprint compatible phone released more than one year ago to Ting and even some newly released phones.

Ting Coverage

Ting’s coverage is the exact same as Sprint’s coverage, just at a lower cost. Check out their coverage map here if you’re not sure how good your Sprint/Ting coverage is in your area.

Personally, where I am, Ting has one of the faster data networks and decent cell phone coverage, especially considering the awesome monthly price.

Get Ting $25 Credit

Switching To Ting

If you’re ready to switch to Ting and start saving money, you might wonder how it works.

Well, you’ll either need to bring your own Sprint network compatible device or buy a new or used Sprint compatible device to get started. Ting offers many great options through their website, so make sure you check out your device options.

After that, simply activate your new Ting phone and you’ll be on your way. You can also transfer your number if you wish.

If you want to switch to Ting today but are currently stuck in a contract, Ting can help defray some of your early termination fee (ETF) costs. Currently, Ting will reimburse you for 25% of your ETF up to $75 in Ting credit.

You can even claim this credit multiple times if you have multiple lines you’re be switching to Ting. After you’ve signed up and activated your device, just fill out some paper work and send them your final bill with your ETF on it and they’ll reimburse you with a Ting credit!

Ting also offers another program that could save you some money if you don’t currently have a Sprint compatible device. After you buy a new device or used device and activate it on Ting you’ll need to get rid of your old device.

Simply sell it through Glyde for cash and Ting will give you an extra 30% of the selling price in Ting credit! There are some rules to follow, but you can learn more about the program here .

Between the ETF assistance and the 30% extra Ting credit for selling your old phone through Glyde, Ting makes it easier to switch even if you don’t have a compatible device or you’re still stuck in a contract.

Cell Phone Options

Currently you can choose from a very wide variety of phones with Ting, as long as they’re compatible with the Sprint network.

While you can’t currently get the latest and greatest iPhone, you can get the Samsung Galaxy S5 (latest release as of this review) among many other awesome cell phones.

You do have to pay full price for the phone, but you can pick up a slightly used version cheaper if you’d like!

Get Ting $25 Credit

Drawbacks of Ting

As with any service, Ting isn’t perfect. The Sprint network doesn’t have the most awesome coverage everywhere in the United States but it works just fine where I live.

Keep in mind that you’ll be saving a TON of money by switching to Ting, so even if your Sprint coverage is a little bit worse it might be worth saving that money every month.

Another drawback of Ting is you can’t get the latest iPhone. I’m not a device snob though, so it really doesn’t affect me much.

The final drawback of Ting is the fact you have to pay full price for your phones up front which can be too expensive for some people. Since Ting doesn’t offer contracts, they can’t spread the cost of the phone out over your contract.

However, at the same time Ting saves you money by doing this because you aren’t paying for the newest phone in your contract even if you get an older cheaper phone.

Should You Switch To Ting?

I think Ting makes a lot of sense for a majority of cell phone users. If you aren’t a heavy user of minutes, texts and data, Ting can save you a ton of money every month.

Their service is just as good as the Sprint network, so it isn’t like you’re getting a cut rate coverage at Ting’s awesome price.

If you want to start saving money, sign up for Ting today! Your wallet will thank you!

Get Ting $25 Credit

Image by: aag.com Text added by: Lance Cothern

The Ultimate Capital One 360 Bank Review – I Love This Bank!

I have been a saver with Capital One 360 since September 2009, so this review comes from quite a few years of personal experience!

I signed up for their 360 Checking Account and 360 Savings Accounts soon after I graduated from college as a way to help me get the most of my cash and organize my money like no other bank would let me.

Over the many years I have been a member at Capital One 360 I’ve explored their offering and haven’t been disappointed with hardly anything, even though all banks have a small problem or two. They’ve even added even more useful features that I now use often.

What’s So Great About Capital One 360?

If there was just one thing I loved about this bank, it’d make my review a lot easier, but the list of things I love about this bank is a long one.

The Basics

First off, let’s start with the banking basics. There are no fees and no minimum balances on their 360 Checking and 360 Savings accounts, a must for any bank account I own.

Interest Rates

The other main feature, their interest rate, is normally one of the higher interest rates in the online banking world. It almost always beats the interest rates at your local brick and mortar banks by a long shot.

ATMs

Capital One 360 also has a large network of ATMs through the Allpoint network which you can use with no fees at all. I’ve always been able to find a free ATM near me without going too far out of my way.

Transferring Money

Finally, if you ever want to transfer money to one of your linked accounts, all you have to do is set up an automatic transfer. Most of these transfers only take 2 business days, but they can’t guarantee this time frame due to the different ways other banks can handle these transactions.

Depositing Checks

When I first became a member 2009 I had to mail checks into the bank or deposit them into my brick and mortar bank and then transfer them to Capital One 360. Luckily, they’ve greatly improved this process and now let you scan in your checks on your computer or snap pictures of them on your smartphone!

The interface is very easy to use and it greatly speeds up the check depositing process over the old method. Capital One 360 listened to their audience and made a change for the better.

Bill Pay

Capital One 360 also offers a Bill Pay center to pay your bills electronically or by mail with a check. They’ll keep track of any bill reminders you set up, recent payments, the companies and accounts you normally pay and your Bill Pay history.

P2P (Person to Person) Payments

This is another one of my personal favorite features that Capital One 360 offers. I can send money to anyone with a bank account and an email address with this feature. All I have to do is enter their name, email address and the last four digits of their bank account number.

If the person you’re paying has a Capital One 360 account they can pick up their money instantly. If the person you sent money to has a different bank all they have to do is pick up the money and, after accepting the money, it should be available in their bank in two business days.

This saves me a lot of hassle and means I don’t have to break out my checkbook and write a check as often.

Mailing A Check

Another payment option is to have Capital One 360 mail a check for you. All you do is fill out who to write the check to, the amount and where to send it to. Capital One 360 will take care of the rest and mail it! No envelopes, stamps or fees required.

Organizing Your Money with Multiple Savings Accounts (Sub-Accounts)

I love how they allow me to organize my money in many different savings accounts (often referred to as sub-accounts). This was a great help for me when I was first getting started with my finances. It allowed me to visualize my goals and my budget by splitting my paycheck up into different sub accounts and watch each goal grow separately.

At one time I easily had 15 sub accounts all for different goals. Sometimes I went a bit overboard, but it is easy to close a sub account as well, so your banking interface doesn’t have to be any more cluttered than you want it to be. You can have no savings accounts at all, just one, or quite a few if you’d like. The decision is yours.

Automatic Savings Plans

 

I also love Capital One 360’s Automatic Savings Plan feature that allows me to set up automatic transfers from my checking account to any of my savings accounts on differing dates such as weekly, bi-weekly, monthly, on the 1st and 15th, on the 15th and last day of the month, or on the last day of the month.

This one feature was amazing as it let me automate my savings goals based on when my paycheck was direct deposited in my account.

By automating my savings goals, I was less tempted to spend my money on frivolous things that would be gone tomorrow. Once the money was in my savings account it had put enough of a barrier up for me to not waste my hard earned money.

Of course, I could have transferred it to checking whenever I wanted, but I never did and hopefully you won’t either.

My Savings Goals

Speaking of savings goals, Capital One 360 has an awesome tool called My Savings Goals. Basically, you figure out what you’re saving for, how much you want to save, which account you’re saving in and when you want to reach your goal by.

Based on these inputs, you’ll get see a widget that allows you to see how much you need to save each month, week, or paycheck to reach your savings goal by your goal date. After you save your goal you’ll be able to revisit it on the My Goals tab and see your percentage progress and look into the details such as how much time is left until your goal time arrives.

You can also review your previous goals under the Great Saves tab if you want some inspiration or to see how far you’ve come.

Are There Any Drawbacks to Banking with Capital One 360?

There are some small drawbacks to banking with Capital One 360 at this moment. They don’t offer the highest interest rate of any bank online, but they are normally in the top handful of national banks.

They charge for checks, which some other banks do not charge for. Finally, you need to have brick and mortar bank account to be able to deposit cash and to have a bank to transfer money to and from Capital One 360 as needed.

That’s all I can honestly think of as far as drawbacks go. If you have an account and can think of anything else, please let me know so I can include it in this review.

The Final Word On Capital One 360

Capital One 360 has been an awesome bank in my experience. They’re light years ahead of your typical brick and mortar bank in almost every way. I would definitely recommend Capital One 360 to any of my friends and family. Actually, I have! I suggest if you’re looking for an awesome bank that you check Capital One 360.

Common Questions About Capital One 360

How can Capital One 360 offer a higher interest rate than my local bank?

Since Capital One 360 is an online only bank, they don’t have many of the costs that your local bank does. They don’t have to pay for real estate and branch locations or the employees to man them. This saves Capital One 360 a lot of money and this allows them to pay you higher interest rates.

What if I need help with something? There aren’t any branches to go to!

No worries, Capital One 360 will respond to your email within 24 hours OR you can call Capital One 360 anytime between the hours of 8AM and 8PM, 7 days a week. Their customer service number for new customers is 1-800-464-3473 and for existing customers you can call 1-888-464-0727. You can also use their mobile app or write by mail.

I’ve always had a great experience whenever I have called and the associates are very courteous. They really know their stuff!

Bank XYZ has a 0.1% higher interest rate. Shouldn’t I chase that rate to get more for my money?

If your sole goal is making more money despite everything else, you can be a rate chaser over amounts as small as 0.1% in interest. However, even if I had $100,000 in my bank account that would only amount to a $100 difference per year. With a more modest balance of $10,000 that is only $10/year. If using Capital One 360’s Automatic Savings Plans or other features saves you more than that you’d be better off sticking with Capital One 360 rather than chasing rates.

Can you think of any other common questions? Let me know and I’ll add them, along with an answer (after I’ve researched it), in this section.