Capital One 360 said it is opening its first Boston area café/bank at 799 Boylston St. in the city’s Back Bay neighborhood.
A Globe story from September noted that Virginia-based Capital One was moving forward with plans to break into the local banking market by opening several new marketing offices called “cafés.”
In a Tuesday press release, Capital One said, “Bostonians visiting the new café can recharge their bank accounts, their devices, and their lives by learning new ways to save time and money, and trying out financial and digital tools – all while enjoying free Wi-Fi and a hand-crafted espresso from Peet’s Coffee & Tea’s full line of beverages.”
“Boston is a vibrant, digitally savvy city with residents who embrace innovation and ingenuity, and the city is an ideal place for us to expand and build upon the success of our 360 Cafés,” Jim Kelly, Capital One’s head of direct banking, said in a statement.
Many banks are experimenting with new formats for their branch offices, in part because those branches are experiencing a decline in foot traffic as more customers opt to do their banking online.