Discover has provided an online banking system that has the customer’s best interests in mind. Free checking, interest-earning saving accounts and cash back on debit card purchases are three examples of how Discover puts the customer first.
At Discover, there is a perfect solution to the dreaded checking account fees. Not only is Discover's Checking account free, but it pays you cash! They pay you for transactions. Ten cents back on debit card purchases, online bill payments and checks cleared. They will pay ten cents on up t0 100 purchases per month.
Through Discover Bank, clients can take advantage of a number of banking products. Accounts that are available include basic: checking, savings, money market, CDs, and IRAs. Each account comes equipped with a number of unique services and features. The accounts can be broken down as follows:
In addition, Discover has over 60,000 ATMs nationwide, and won't charge you an ATM fee for using an ATM that is out of network. The bank card is free, as well as reordering checks.
Most recently, the company added a great security feature to the mobile banking apps. 'Freeze It' is a way to turn off spending capabilities on a card that is lost or stolen. Once the card is found, or a replacement ordered, "flip" the switch back on and resume spending freedom.
An initial deposit of $500 is required in order to open an online savings account with Discover. However, once the account is set up the interest rate is higher compared to the competition. You do need to be aware that there are only 6 pre-authorized withdraws each statement cycle. When you make more withdrawals you will be charged a $15 fee. Additional fees include:
There are a few complaints floating around online about the website but it is hard for any company that does business online to have a squeaky clean record. Security is always an issue when considering online banking and so far, apart from an occasional unsatisfied customer, we have not seen any major problems with the Discover website.
Called in and asked about the secured credit card to help with my credit issues, the woman stated as long as I put down a deposit I could Get the card. I applied And got declined. Called back and other woman answers the phone and I asked Why I was Declined and she stated that it was a guarantee I would Be approved. I would Have never applied for it if I would Have know it would end up hurting my credit even more!!!!
Discover is sometimes hard to get a hold of. Overall, it's a pretty average online bank. It'll get the job done though!
My husband and I LOVE using Discover! Their customer service is top notch. Their security is very thorough. And the interest rate we have on a savings account is the best you can find! The only downside is that you can’t deposit cash into your account. But in the year and a half that we’ve been with them, we’ve never needed to do that. Discover is the BEST!!!