Good news for those who bank with Capital One. Given that the Economic Impact Payments can be a lifeline for many during these unprecedented times, Capital One wants to ensure that individuals have full access to this money. That means:
Capital One customers whose accounts are overdrawn at the time of their Economic Impact Payment deposit will receive a temporary credit equal to that of their overdrawn balance.
All Economic Impact Payments made through an ACH direct deposit will be made available to customers immediately after they are posted, as long as the account is open and there are no restrictions on the account.
Capital One is also providing no-fee, check-cashing service to non-customers who receive their payment via paper check.