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finder.com’s rating: 4.8 / 5.0
★★★★★
If you’re looking for a basic checking account with minimal fees, the Discover Cashback Debit checking account might be right for you. With no monthly service fees, free access to over 60,000 ATMs and the ability to earn cash back on everyday purchases, this account makes it easy to manage your money and save some cash in the process. It’s only available online, however, so if in-person banking is important to you, you’ll need to look elsewhere.
$0 per month
Fee
N/A
APY
$0
Minimum deposit to open
APY | N/A |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
ATMs | Over 60,000 no-fee ATMs across the U.S. |
ATM transaction fee | $0 |
Overdraft fee | $0 |
Nonsufficient funds fee | $0 |
Review by
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
The Discover Cashback Debit Checking account is for those looking to earn rewards on everyday purchases. There are no monthly maintenance fees or minimum balance requirements and you’ll have access to more than 60,000 ATMs nationwide.
But as an online checking account, you won’t have the ability to make cash deposits and there’s only one branch location.
You can open a Discover Cashback Debit checking account online or call 800-347-7000.
Follow these steps to apply online:
To open this account, you must meet the following eligibility requirements:
When you apply, be ready to provide:
When you choose this account, you’ll get access to all the benefits of banking with Discover, including FDIC insurance for up to $250,000, fraud monitoring and liability and bill pay protection. Plus, if you have multiple accounts with Discover, connect them to manage your money all in one place.
The Discover Cashback Debit card comes with access to Discover’s network of over 60,000 fee-free Allpoint and MoneyPass ATMs. Plus, Discover won’t charge you to use more than 415,000 other ATMs across the country — though ATM owners may charge a fee.
If you’re looking for a checking account that offers in-person banking opportunities and cash deposits, you’ll want to keep looking. As always, compare your options when looking for a checking account.
This account doesn’t require a minimum deposit to open. However, once the account is open, you’ll need to make a deposit of any amount within 45 days to prevent it from being closed.
Deposit or withdraw money easily through the Discover site, mobile app, phone or mail.
Deposit your money by:
Access your money by:
There are a few ways to reach Discover Bank customer service:
While Discover only offers one checking account, it has a number of other personal banking options:
None. Discover only offers consumer financial products.
What do I do if I lose my card?
Report a lost or stolen card by calling 800-347-7000. Discover sends you a new card with a new number. You can also freeze your card online, through the app or call Discover to prevent unauthorized purchases or ATM transactions. Unfreeze your card once you find it or receive a new one.
What’s the limit to how many cashback rewards I can earn?
Earn cash back on eligible purchases up to $3,000 per month, for a total of $360 in cashback rewards each year.
Where can I use my card internationally?
You’re limited to ATMs and purchases in Canada, Mexico and the Caribbean where you see the Discover, Pulse or Diners Club International symbols.
How do I set up online bill pay?
Simply log in to your account and enroll in online bill pay. Once you’ve enrolled, select Make a Bill Payment to start paying bills. Be ready to provide details about your payee such as address and your account number.
How do I get overdraft protection?
Log in to your online account via the Account Center, then select Overdraft Protection under Accounts. This directs you to the Overdraft Protection enrollment page.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.
Read the full methodology of how we rate checking accounts.
Discover Cashback Debit is not currently available on Finder
Have you considered US Bank Smartly Checking?
Take control of your spending with integrated tools such as automated budgeting, upcoming due date alerts, low balance alerts and more, available in the US Bank Smartly Checking mobile app. Easily send and receive funds via Zelle. Waive overdraft fees by depositing money before the forgiveness deadline. Member FDIC.