Glep vs. Capital One

Basic Checking is $15 per month, waived with a $2,000 minimum 30- or 90-day average balance, with $15 incoming and $25 outgoing domestic wires; Enhanced Checking is $35, waived with $25,000, with free incoming wires and five free outgoing domestic wires a month, as published on capitalone.com on September 25, 2026. Glep is $0 with no monthly fee, no per-user fee, $0 same-day ACH and domestic wires, plus RTP and FedNow, and a 3% FX fee on international card transactions.

At Capital One, each entity opens its own account with its own fee to waive, and Enhanced Checking includes up to two Basic accounts without a fee. On Glep, every LLC lives under one login with its own account, cards and records, each team member sees only the entities you give them, and every property gets a sub-account with its own account number, all free.

Yes. Set the project's budget as the card's limit and the card enforces it, with merchant locks, and freeze or terminate from your phone. Capital One issues debit and Spark credit cards subject to approval and lists no per-contractor project cap, so a crew card there carries a credit line rather than a budget.

Keep the ledger you have. Glep feeds it: spend is categorized and tagged to a property as it happens, so what your accountant opens is already sorted. Capital One lists no property-level tracking and no transaction categorization on its business pages, so the account gives you a balance and the property attribution is assembled afterwards.

Yes, including the parts that usually need a desk: issuing a card, freezing one, approving spend, each person seeing only their entities. Capital One mobile handles the account, and with no expense policies or project caps listed, a card in a crew member's hand is managed by watching it rather than by setting it.

No. Keep it for the branch, the deposits and the Spark card if those are why you opened it. Open a Glep account online with your US business entity and EIN, add each LLC, open sub-accounts for your properties and issue cards, and start with a single deal if you want to see it work first. Capital One charges $15 or $35 per month unless waived, so whether you keep it open is a question about that fee rather than about Glep.

If your business is a set of properties held in a set of entities, Glep is built around that structure: an account per LLC, a sub-account per property, Aida tagging every transaction to the property it belongs to, and contractor cards that stop at the budget. Contractors and developers get the same structure for projects, draws and crews, and pay subs by same-day ACH or wire at $0, or by RTP or FedNow. If your business is outside real estate but runs money across several entities, projects or vendors, Glep gives you multi-entity management, entity-scoped team access, sub-accounts with unique account numbers, approval workflows and unlimited cards on the free plan, with no monthly fee to waive and no per-wire fee. Start with one property or one project and move the rest on your own schedule; there is no contract and no lock-in.