Is Capital One Bank considered a MA state bank?

[CatinaT1]

I would say no, but I need more information. Can you please clarify your question?

[hellotips8901]

Massachusetts state allows some tax benefit to the interest earned for the account if the bank is considered a MA state bank. Turbo tax even asks if this is a MA state bank as a question when we enter interest income for each bank. Capital one even though not a physical location has ATMs and capital one cafe in MA. Is that enough to say it is a MA state bank?

[Vanessa A]

If you are talking about the $100 for single people and $200 for couples interest deduction, this credit is no longer available.  It ended on January 1, 2024. 

As for whether capital one is a MA bank, no, if it does not have a physical location in the state, it would not be a MA state bank. ATM's do not count.