So I've been a customer since Cap One bought Chevy Chase Bank, which was my bank since the '90s.
Not a huge fan of Cap One, but I stayed because of the convenience of the branch locations.
Just now: Capital One froze my account with no notice. Sounds embarrassing, right, like I'm funding terrorism or dealing drugs or something. Not the case, just an algorithm seems to have tripped. Why? Best guess is the deposit from my mortgage refinance, which I put in the bank to hold for the remodeling contractor.
So account frozen, and no notice to me as it turns out. How did I learn? When my credit card (which auto-debits) contacted me to say it hadn't been paid. Of course, now interest and fees are added to that. Capital One has refused to tell me it will cover those fees. There are three other unpaid auto-debits that I also need to clean up.
Summary: Capital One freezes accounts, does not give notice, and does not help to clean up the mess. After 20 years, I will be moving on. read more