Qapital is a new way to bank that helps you save and spend smarter! When you create a Qapital account, you connect your checking account as a funding account, choose Goals you would like to save toward and apply Rules that send money automatically toward your Goals. The money in your Qapital account is held in an FDIC-insured account at one of Qapital’s partner banks (currently Lincoln Savings Bank or Wells Fargo Bank).
When you're ready to take the money out of your Qapital account, you can either cash it out through the app by sending the money back to your checking account, or, if you have a Qapital Visa® Debit Card, you can spend that money using the Card. You can do this at any time without any fees*, not only when you reach your Goal!
You can also set up a Spending account which links to the new Qapital Visa® Debit Card. There are no setup, monthly or overdraft fees. You have unlimited immediate transfers to and from your Qapital Goals, can setup direct deposit to fund your card or transfer directly to and from your funding account.