Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

Discover Cashback Debit checking account review

Pay no monthly fees and earn cash back on everyday purchases.

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.

No reviews yet. Write a review

$0 per month

Fee

N/A

APY

$0

Minimum deposit to open

Details

APYN/A
Fee$0 per month
Minimum deposit to open$0
ATMsOver 60,000 no-fee ATMs across the U.S.
ATM transaction fee$0
Overdraft fee$0
Nonsufficient funds fee$0
Avatar

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.

Expert review

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.

How do I open a Discover Cashback Debit checking account?

You can open a Discover Cashback Debit checking account online or call 800-347-7000.

Follow these steps to apply online:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Discover website, hover over Banking, then select Checking.
  3. Choose Open an Account.
  4. If you’re new to Discover, select Continue. If you’re already a customer, choose Log in.
  5. Enter your name and Social Security number, then hit Continue.
  6. Enter your address and select Continue.
  7. Fill in details about your citizenship and occupation, then choose Continue.
  8. Proceed through the account setup questions.
  9. Add your funding information, then hit Continue.
  10. Read and agree to the terms, then submit your application.

Eligibility

To open this account, you must meet the following eligibility requirements:

  • US citizenship.
  • Valid US address.
  • Minimum 18 years old.
  • Valid Social Security number or taxpayer ID.
  • Deposit any amount into the account within 45 days.

Required information

When you apply, be ready to provide:

  • Contact information like name, date of birth and address.
  • Social Security number or taxpayer ID.
  • Employment information.

What are the benefits of the Discover Cashback Debit checking account?

  • Earn rewards. Get cash back on up to $3,000 of eligible purchases each month, to be deposited directly into your Discover checking, savings or money market account.
  • Minimal fees. This account has no monthly minimum balance requirements or service fees, plus you won’t pay for incoming wire transfers. If your card is lost or stolen, get it replaced for free.
  • Mobile app. Manage your accounts, make transfers, deposit checks, pay your bills, send money to friends and more through Discover’s mobile app and online platform.
  • Free checks. Few online checking accounts allow you to write checks, but Discover goes a step further and provides free check reorders.

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.

Discover ATM network and fees

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.

What should I look out for?

  • No cash deposits. Deposit checks with your mobile phone, direct deposit, mail or make an online transfer. Discover won’t accept cash deposits or traveler’s checks.
  • Cashback eligibility. Cashback rewards are limited to $3,000 in spending per month, and doesn’t apply to ATM transactions, purchasing money orders, cash back from retailers, peer-to-peer payments or loan payments.
  • Limited physical locations. Discover operates almost entirely online, with one branch located in Greenwood, Delaware.
  • Daily withdrawal limit. You’re limited to $510 per day from ATMs.
  • One account per customer. As of December 1, 2017, you can be an individual or joint owner of only one Discover Cashback Debit account.

Fees

  • Wire transfer fees. Though incoming wire transfers are free, outgoing wire transfers cost $30.

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.

Compare with other checking accounts

Name Product Fee Minimum deposit to open Annual Percentage Yield (APY) Offer
US Bank Smartly Checking
Finder Rating: 2.6 / 5: ★★★★★
Bonus
US Bank Smartly Checking
$6.95 per month
$25
N/A
New offer: Earn up to $600 when you open a new U.S. Bank Smartlyâ„¢ checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through April 11, 2023. Member FDIC
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.
Chime Checking account
Finder Rating: 4.7 / 5: ★★★★★
Chime Checking account
$0 per month
$0
N/A
Save easily and access your paycheck up to 2 days early with direct deposit. Pay $0 monthly fees, and no minimum balance is required. Access 24/7 support and get daily balance and transaction alerts. FDIC insured.
Chase Total Checking
Finder Rating: 3 / 5: ★★★★★
Bonus
Chase Total Checking
$12 per month
$0
N/A
New Chase checking customers enjoy a $200 bonus when you open a new Chase Total Checking® account and set up direct deposit.
Chase Total Checking is easy to use and gives you access to 16,000 ATMs and more than 4,700 branches. It offers a $200 signup bonus to new Chase customers. Member FDIC.
Upgrade Rewards Checking
Finder Rating: 4.3 / 5: ★★★★★
Upgrade Rewards Checking
$0 per month
$0
N/A
Earn up to 2% cashback rewards on everyday purchases. Pay $0 fees for overdraft, domestic wire transfer and monthly maintenance. Pair with Upgrade’s savings account to earn 3.75% APY. Get up to 20% discounts on Upgrade loans and credit lines. Member FDIC.
Albert Cash
Finder Rating: 4.5 / 5: ★★★★★
Albert Cash
From $0 per month
$0
0.10%
30-day free trial for Albert Genius
Albert Saving helps you set money aside for the future, whether your purchasing goals are big or small. Paid Genius subscription members enjoy perks like automated savings and annual cash bonuses. FDIC-insured through their partner banks.
PSECU checking account
Finder Rating: 4.4 / 5: ★★★★★
Bonus
PSECU checking account
$0 per month
$0
0.20%
Earn up to $300: $100 when you get a savings and checking account and activate your debit card with digital banking within 30 days. $100 with monthly payroll direct deposit of $200+ within 90 days. $100 when you maintain direct deposits for an additional 90 days. Select Level Up Your Banking to see terms and get the promo.
Earn a bonus and 5 or 10 cents in rewards on all eligible purchases. Pay $0 in monthly fees, no overdraft fees and get ATM fee reimbursements. NCUA insured.
loading

How much do I need to open an 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.

How do I deposit or withdraw my money?

Deposit or withdraw money easily through the Discover site, mobile app, phone or mail.

Deposits

Deposit your money by:

  • Making an online transfer from an external bank account.
  • Setting up direct deposit.
  • Using mobile deposit on its app.
  • Mailing a check addressed to you with your account number on the memo line to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130.

Withdrawals

Access your money by:

  • Using an ATM.
  • Getting cash back from a store.
  • Making online transfers to an external bank account.
  • Paying bills online through its site.
  • Writing a check.
  • Requesting an official bank check.
  • Using a wire transfer.

How do I get in touch with customer service?

There are a few ways to reach Discover Bank customer service:

  • By phone. Call 800-347-7000.
  • By mail. Send a note to:
    Discover Bank
    PO Box 30416
    Salt Lake City, UT 84130
  • Online. Log in to your account to use the secure message center or live chat.
  • Twitter. Tweet @Discover.

What other banking options does Discover offer?

While Discover only offers one checking account, it has a number of other personal banking options:

  • Discover Online Savings Account. Offers a 3.60% APY and has minimal fees, helping you save more.
  • Discover Money Market. Enjoy minimal fees and easy access to your money. Earn 3.50% APY on balances between $1 and $99,999, or earn 3.55% APY on balances of $100,000 or more.
  • Discover CDs. Terms range from three months to 10 years and APYs go as high as 4.75%, but you’ll need to deposit at least $2,500 to open an account.
  • IRA CDs. Save money for retirement using Discover’s Roth and traditional IRAs with guaranteed returns.

What business services does this bank offer?

None. Discover only offers consumer financial products.

Frequently asked questions

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.

Checking account ratings

★★★★★ — 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.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site