If you don’t already have a bank account, here are some reasons to consider getting started:

• It’s a safer place for your money. Keeping cash at home or in your pocket could run the risk of it being stolen or lost.
• It’s easier than cash. Don't fumble with paper money—get a debit card to make payments from your bank account with a tap or swipe.
• It provides proof of payment. When you make a payment with a bank account, you have a record of it thanks to your bank statement.
• It’s easier to get paid. Skip trips to the bank and avoid lost paychecks—set up direct deposit to have paychecks sent electronically to your account.

A checking account is designed for everyday transactions like spending and bill payments, offering easy access to your funds. A savings account, however, is meant for setting money aside and typically earns more interest, helping you grow your savings over time.

It’s simple. You can open a bank account online with Capital One. Just grab two forms of ID (such as a driver’s license, Social Security card, passport or birth certificate) and proof of address, then apply online right from your phone, tablet or computer.

It depends. Most people choose a Capital One account based on their lifestyle and goals. A checking account works well for day-to-day spending and monthly budgets, a savings account can help you put away money for future needs, while certificates of deposit (CDs) can help you save money with a fixed interest rate for a fixed amount of time. We also offer a teen checking account featuring a fee-free debit card and easy-to-use mobile app, as well as a kid-friendly savings account that helps earn interest while growing their money.