N/A. While it operates only two branches, you can reach bank representatives 24/7 via phone. A division of Discover Financial Services—the company best-known for its pioneering cashback credit card—Discover Online Banking began offering accounts in 2013. • Loan amounts: $2,500 to $35,000. Doug Bonderud – Contributing Writer Last Updated: September 3, 2020. Online Discover Bank Savings Account . Discover. Discover Bank Checking Account. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. Accessed Sept. 3, 2020. APY. Both your initial order and any check reorders are free of charge. If you’re looking for an online bank with more They also provide the added benefit of free checks. Our Discover Bank personal loan review provides important details, so you can decide if the lender is a good fit for your borrowing needs. Write a check: Every check that clears earns 10¢. In terms of online security, Discover offers all the usual protocols, and will authenticate you with your user ID and password, and … However, you can typically withdraw funds more easily, usually via a linked debit card; the account may also come with check-writing privileges. This account doesn’t come with any fees. If you're looking for a financial institution that offers a full suite of products and services (i.e., credit cards, mortgages, personal loans, and wealth management), you might be better off looking elsewhere. "Deposit Account Agreement," Page 1. "ATM Locator." And the longer your term, the more you can earn. Likewise, if you like to do your banking in person, Discover Online Banking probably isn't for you. Discover Bank Cashback Checking is offered by Discover Bank, a bank founded in 1985 and based in Greenwood, DE. Accessed Nov. 25, 2020. But Discover didn’t stop with credit cards. Discover Bank holds an A+ rating with the Better Business Bureau (BBB) with 58 years of continuous business served. It's available for Android and Apple devices. Discover Bank is a great option for consumers hoping to manage their credit cards and bank accounts in one place. Discover. Interested in opening a Early withdrawal penalties vary depending on the CD term. Originally from the metro Atlanta area, she's a University of Georgia alum. The penalty for CDs maturing in one to four years is six months of simple interest. Account holders won't get access to an ATM card, but Discover Bank does offer free official bank checks and expedited delivery for official bank checks. Discover customers have access to a full suite of financial products and services. Few banks offer a rewards debit card. , While there’s no ongoing minimum required to maintain a Discover Money Market account, you’ll need at least $2,500 minimum to open it. Discover Bank Overview Discover Bank was first mentioned on PissedConsumer on Jun 12, 2014 and since then this brand received 245 reviews. Twitter When you hear the name “Discover,” you probably think of Discover Card. Discover. CDs usually earn a higher interest rate than a standard savings or checking account. Discover offers a wide range of banking products - including checking, savings, CDs, and more. No CD specials or non-traditional products are offered. Power 2019 U.S. Credit Card Satisfaction Study, among credit card issuers, Discover has a top ranking with a score of 842. And per the J.D. No fees for official bank checks or excessive withdrawals and no insufficient fund fee. 2545 reviews TrustIndex: 2.2/10 verified business. available products. Easy to find. The Discover card made its debut in the mid-1980s when Sears, Roebuck & Co. still offered financial services. Brokers Websites Books Newsletters DVDs Software Banks Prop Firms Media People. "Discover it® Business Credit Card." Minimum deposit needed to open account is higher than it is at some online banks offering higher yields. They earn a higher yield than account holders with low balances. Discover. As with the credit cards, the products listed below are technically offered not through Online Banking, but since they are part of Discover Financial Services, the parent company, we list them here as a service. Discover Bank was first mentioned on PissedConsumer on Jun 12, 2014 and since then this brand received 245 reviews. No deposit is needed when applying for an account. Discover Bank is a subsidiary of Discover Financial Services originally established in 1911. It's also possible to get a free official check and free expedited delivery of that official bank check. Accessed Sept. 3, 2020. You can learn more about the standards we follow in producing accurate, unbiased content in our, Other Financial Services Offered by Discover, Weekly National Rates and Rate Caps - Weekly Update, Federal Reserve Board Announces Interim Final Rule to Delete the Six-Per-Month Limit on Convenient Transfers from the "Savings Deposit" Definition in Regulation D, Credit Card Rewards War Reaches Inflection Point as Competition Grows, J.D. The account is not interest-bearing, but Discover Bank offsets that by offering cash back on up to $3,000 in debit card purchases each month. Promotions. Discover. This table does not include all companies or all available products. In the current interest rate. Accessed Sept. 3, 2020. Discover Bank ranks high in almost all customer experience categories. Account holders can pay credit card bills and check bank accounts through the same app and website. Is This Your Brand? No matter what you do - you will not get your query resolved. The Discover Bank site, while not as robust as the credit card site, is easy to use and offers a number of nice features. "Credit Card Rewards War Reaches Inflection Point as Competition Grows, J.D. You’re better off banking elsewhere, however, if you want wider access to … Accessed Sept. 3, 2020. Power Finds." Discover Bank, an online financial institution, is currently offering generous bonuses when you apply for some of their accounts including checking, savings, money market and even CDs!To find out if Discover Bank is right for you, continue reading the review below.. Discover’s high-yield certificates of deposit (CD) give you the option of tucking away a sum of money for a set amount of time. No minimum balance and no monthly maintenance fees. Our 7 user reviews can help you decide. Make a debit card purchase: Every debit card purchase earns 10¢. This compensation may impact how and … Discover. By. The Discover high-yield savings account is among the best in its online class. Discover also doesn’t charge any monthly service fees. Power Finds, Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing, Typically use their debit card for day-to-day transactions, Prefer to bank with an established "name" financial institution. Bankrate does not endorse or recommend any companies. "Discover Bank offers a broad range of products, including checking and savings accounts, money market accounts, and CDs with maturity dates between three months and 10 years." Discover. Discover. I hope this Discover Bank review has given you enough information to make a decision. Accessed Sept. 3, 2020. (113) Leave a Review. Discover Bank checking accounts review Because savings accounts and CDs don't offer convenient access to your money, it's important to keep some funds in a checking account . (I set up the account at 11:00pm on a Sunday and had no problem getting a hold of a rep to answer my questions.) "Discover Card Help Center." In short, if you’re looking for an all-in-one digital banking service, read this post. Is Discover Bank Cashback Checking right for you? Rating. They have no fees and no deposit minimums as well. from which this website receives compensation, which may impact how, where and Discover. You can also read our community reviews and hear what Simple to use mobile app and website: I’ve had a checking account … Discover Bank Review: Discover Online Checking Account. Discover Bank ranks 95 of 691 in Banks category. The interest rates offered on its accounts are competitive. "Discover it® Miles - Travel Credit Card." Discover. Read our full review of the Discover it® Cash Back. J.D. When you choose to open a Discover Cashback Checking account, you are eligible to earn up to $360 cash back in a year. Discover Online Banking should be a good fit for those seeking a digital bank that offers a suite of different services.