account number discover bank

The Routing Number for Discover Bank is 031100649. It is used for electronic transfers made by ACH (including Direct Deposit) and for domestic wire transfers . The fractional number goes like this: YYYY/ZZZZ. YYYY is digits 5 to 8 of the nine digit routing number of Discover Bank (the last, 9th digit, is control digit. The ACH routing number will have to be included for sending an ACH transfer to any Discover Bank account. To send a domestic ACH transfer, you'll need to use.

: Account number discover bank

Account number discover bank
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Checking Account Number: What It Is and Where to Find It

Like a fingerprint identifies a person, your checking account number identifies your unique bank account at your financial institution. Each of your accounts — such as a personal checking account and a business checking account — will have its own account number.

Checking account numbers are critical to know when setting up direct deposit, paying bills, ordering checks and more. Rest assured, though, that you can easily find your checking account number on your bank statement, physical checks and oftentimes online. This article covers what you need to know about checking account numbers.

What is a checking account number?

Your checking account number is a critical piece of information, as it identifies your unique bank account. It’s a string of numbers — typically consisting of 10 to 12 digits — that lets the bank know which account to withdraw funds from or deposit them in.

For example, you’ll be asked to provide your checking account number when signing up for direct deposit with your employer or when setting up a peer-to-peer payment app.

Where to find your checking account number

Your checking account number can often be found in several different places. Here’s exactly where to look.

On your checks

You can find your account number at the bottom of a physical personal check. It is the second set of numbers, located to the right of your nine-digit routing number and the left of your check number. As mentioned above, it typically consists of 10 to 12 digits.

On your checks

On your bank account’s online portal

Like much of your bank account information, your checking account number can also be found online. Exactly where your account number appears online will differ from bank to bank, but you’ll generally need to login securely with your account credentials first. Wells Fargo, for example, shows your checking account number directly under your account name, while Regions Bank displays your account number in your Account Details area.

On your bank account statement

Additionally, your checking account number can often also be found on your online or paper account statement, which you receive on a monthly basis. You can typically find your checking account number account number discover bank the top of the statement near other identifying account information.

Calling or visiting your bank

As is the case with nearly any bank account information you may be curious about, it never hurts to contact the bank itself. Give your bank’s customer service line a call or visit a local branch — someone can assist you in identifying your checking account number.

Routing vs. account number: What’s the difference?

Your checking account number is separate from the routing number it often appears next to, and it’s important to differentiate between the two — especially when setting up a direct deposit or making any other kind of financial transaction.

Your routing number is the nine-digit number that appears to the left of your account number on physical, paper checks. The routing number identifies the financial institution — and sometimes the location of that financial institution — where your account was opened. Routing numbers are used by banks to direct the exchange of funds from one financial institution to another.

Routing numbers originated from the American Bankers Association to manage the process of the distribution of paper checks. Routing numbers are sometimes called ABA routing numbers (typically for paper checks) or American Clearing House (ACH) numbers (typically for electronic transfers and withdrawals).

How to protect your checking account number

As it is with any sensitive financial information, you should make sure to safeguard your checking account number. While the checking account number is visibly displayed on physical checks, it’s still important to keep your account number as private as possible.

If someone were to learn your checking account number along with other personal information (such as your routing number, name, address or driver’s license number), they may be able to withdraw funds from your account. A simple way to protect yourself from fraud is to be thoughtful and cautious about who you give your checking account number to, and to regularly review your bank statements. If you notice any unauthorized transactions, contact your bank immediately.

Источник: https://www.valuepenguin.com/banking/checking-account-number

Discover Financial

American financial services company

Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulsenetworks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders. Discover is currently headquartered in the Chicago suburb of Riverwoods, Illinois.[2]

History[edit]

In 1981, Sears purchased the Dean Witter Reynolds brokerage firm organization and Coldwell, Banker & Company (real estate franchise)[3] as an attempt to add financial services to its portfolio of customer services. In 1985, Sears also acquired the Greenwood Trust Company. Altogether, these companies operated as a Sears subsidiary called Dean Witter Financial Services Group, Inc. The plan to create a one-stop financial-services center in Sears stores was not as successful as Sears had hoped. Its credit card operations accounted for a loss of $22 million in the fourth quarter of 1986, and a loss of $25.8 million in the first quarter of 1987.[4]

On March 1, 1993, Sears sold off its financial services branch as a new independent publicly traded company called Dean Witter, Discover & Co. with Dean Witter Reynolds in charge. This company had a stock ticker symbol of DWD.

In 1995, Discover Card Services, Inc. changed its name to NOVUS Services, Inc. to distinguish its network functions from the Discover Card.

In 1997, this company merged with investment banking house Morgan Stanley to become Morgan Stanley Dean Witter, Discover & Co.

Discover and Novus retired acceptance mark (still seen in many places)

On February 1, 1999, the company rebranded itself as Discover Financial Services, Inc.[5] The NOVUS logo was retired, replaced by the Discover Network logo.

In April 2005, Morgan Stanley announced that it would divest Discover Financial Services as an independent company within six months. By June, industry sources reported that Morgan Stanley was reassessing its plan to spin off Discover. In August, the company confirmed it would not sell Discover. However, on December 19, 2006 during a fourth quarter earnings report, Morgan Stanley CEO John J. Mack announced Discover would be spun off as a standalone publicly traded company by the end of August 2007, stating that both companies will be better positioned for growth and success as separate entities.[6] Ahead of schedule on June 30, 2007, Discover was spun off as an independent, publicly traded company.[7] It began trading on the NYSE for the first time on July 2 as DFS.

Acquisition of The Greenwood Trust Company[edit]

The Greenwood Trust Company was founded on August 30, 1911 and was based in Greenwood, Delaware. It was acquired in 1985 and renamed Discover Bank on August 1, 2000.[8] Discover Bank is mainly an online financial institution that offers many financial services such as checking accounts, savings accounts, and money market accounts. However the first and original location of the Greenwood Trust Company on 502 East Market Street is still operating and is the only physical banking location of Discover Bank. Discover Bank operates as a subsidiary of Discover Financial Services and is FDIC santander bank login us of Pulse[edit]

In 2005, Discover Financial Services acquired Pulse, an interbank electronic funds transfer payments network. This allowed Pulse and its more than 4,000 member banks, credit unions, and savings institutions to join with the Discover Network's 4 million merchant and cash access locations. Additionally DFS now had the ability to market and issue debit and ATM cards. On February 13, 2006, DFS announced that it would begin offering Discover debit cards to other financial institutions, becoming the first credit card services company to compete directly with MasterCard and Visa in the rapidly growing signature debit market.[10]

Acquisition of Diners Club International[edit]

In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club International network from Citigroup for $165 million. In May 2008, the Federal Trade Commission approved the transaction and it was finalized on July 1, 2008.[11] Discover stated that the Diners Club network, which is a major network outside the United States, will be merged with the Discover Network, a major network in the United States. The creation of an international network for Discover and Diners Club cardholders allowed customers to expand their global reach. Diners Club cards will continue to be issued by Diners Club International licensees. At this time, Discover Bank has no plans on issuing Diners Club branded cards itself.

Acquisition of Student Loan Corporation[edit]

On September 17, 2010, Discover Financial Services announced it would acquire Citigroup-owned Student Loan Corporation for $30/share.[12] The deal was finalized on December 31, renamed Discover Student Loans, and expanded DFS's market presence and origination capabilities in private student loans.[13] In 2014, DFS launched Rewards for Good Grades, rewarding college and graduate students who get at least a 3.0 GPA (or equivalent) a one-time cash reward equal to 1% of the loan amount on each new Discover student loan. In 2015, DFS introduced an interactive tool called FAFSA assistant to help students and their families get ready to complete the FAFSA. The tool provides individualized tips and guidance based on personal situations.

Acquisition of Home Loan Center[edit]

On June 6, 2012, Tree.com, Inc. completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial. In exchange for the assets account number discover bank, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing price.[14] On June 12, 2012, Discover began originating mortgages with its launch of Discover Home Loans, offering prime variable- and fixed-rate conventional and FHA home mortgage loans. The Home Loans business was later sold in 2015.

Business developments[edit]

In 1989, Discover Network signs its 1 millionth merchant, a restaurant called Vincente's Restaurant in Wilminton, Delaware.[15]

In 1995, DiscoverCard.com was launched where consumers could apply for credit cards, pay bills, redeem rewards, receive email reminders, and earn extra rewards through online retail partners.

On December 22, 1998, the company introduced Discover Platinum, a premium card featuring new ways to increase rewards, low balance transfer and annual percentage rates, no annual fee, and expanded credit lines.

On December 21, 2001, fourth-quarter income at Discover grew 31% to $193 million, compared with $147 million the year before.[16]

In 2002, Discover launched the industry's first keychain credit card. It was named the Discover 2GO Card and was recognized as one of the "Best Products of 2002" by editors and reporters from Business Week and USA Today.

On March 5, 2002, the company announced that the Account Center at Discovercard.com had registered over eight million card members, an increase of 61% since January 2001.[17]

On September 1, 2002, Discover announced that Citibank would accept the Discover® Card for cash advances at its approximately 450 Financial Centers and more than 2,000 ATM locations nationwide.[18]

In 2003, Discover introduced gas and miles rewards cards. The Gasoline Card (renamed Open Road in 2007) awarded 5% Cashback Bonus on gas purchases. The Miles Card by Discover card allowed redemption with as little as 2,500 miles for non-flight reward options. Discover also introduced the option for paperless statements to minimize the impact on the environment and reduce clutter for customers.

In October 2004, the Supreme Court upheld a ruling in Discover's favor that challenged exclusionary policies of Visa and MasterCard, stating that Mastercard and Visa were violating antitrust regulations with anticompetitive practices. Before this ruling, Visa and MasterCard would not allow banks to issue a Discover or American Express card if they issued a Visa or MasterCard. Within days of the court ruling, Discover filed a lawsuit in federal court seeking damages from Visa and MasterCard. In October 2008, DFS was awarded $2.75 billion in damages, the third largest settlement at the time in U.S. history. Shortly after the Supreme Court ruling, Discover struck its first deal to have its cards issued by another financial institution, GE Consumer Finance, which began to issue credit cards for retailer Walmart and its wholesale warehouse stores, Sam's Club.[19] Transactions were processed on the Discover Network. Sam's Club exclusively accepted Discover for many years; since November 2006, it has also accepted MasterCard for purchases. In April 2014, Walmart announced that they were ending their relationship with Discover and would begin converting all Discover-branded cards to Mastercard beginning in June 2014.[20]

HSBC has issued Discover-branded credit cards processed through the Discover Network since its acquisition of card issuer Metris in late 2005. Metris had originally signed an agreement with Discover in September 2005, three months union bank visa credit card personal credit cards to the HSBC acquisition.

In 2006, Discover Network united with Visa, MasterCard, American Express, and JCB to form the Payment Card Industry (PCI) Security Standards Council, which helps to manage the ongoing payment account security throughout the transaction process. In this same year, DFS also launched the Discover Business Card, offering a single payment solution for small business owners. On July 14, 2006, DFS and First Data Corp., a global leader in electronic commerce and payment services, announced that First Data would offer Discover Network card services to small- and mid-sized merchants.

On March 13, 2007, Discover Financial Services announced the Discover Motiva card, the credit card that gives cardmembers cash rewards for making six on-time monthly payments in a row. This card was the industry's first credit card to give cash rewards for good credit management. Later in the year, DFS announced the Discover More card to replace the Discover Platinum card. The Discover More card was designed for consumers who use credit in many different categories and provided them with more ways to earn cash back on their purchases.

Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program (TARP). The company announced in 2010 that it had received approval to pay back the funds.[21]

In 2009, Discover Financial Services introduced the Spend Analyzer tool, an innovative easy-to-use online tool that provides cardmembers with a visual representation of their Discover card purchases for the past 24 months.

In 2010, Discover Financial Services and Softcard announced a strategic partnership to build a mobile payment network that utilizes mobile phones to make point-of-sale purchases.

In September 2012, Discover Financial Services was ordered to pay over $200 million in fines and customer reimbursements to settle accusations by U.S. federal regulators that it had engaged in deceptive telemarketing tactics.[22]

In 2012, Discover Financial Services announced a five year, $10 million commitment called Pathway to Financial Success to help bring financial education curriculum to public high schools across the U.S.

In 2013, Discover Financial Services and PayPal partnered to enable millions of participating merchants to account number discover bank PayPal easily through their existing relationship with Discover. In the same year, Discover Cashback Checking was introduced. This checking account product paid customers 10 cents for every debit card purchase, online bill payment, and check written. Additionally in this same year, the Discover it card was announced. The card rewards cardmembers with 5% cash back in rotating categories each quarter like gas and restaurants. Discover also introduced Discover Home Equity Loans, offering homeowners the opportunity to simplify their finances inclusive of supporting home improvement projects, paying for major expenses, or consolidating debt into a single, fixed monthly payment. Discover also became the first major credit card issuer to provide free access to FICO Credit Scores based on TransUnion data directly to its cardmembers on their monthly statements. Additional information provided with their FICO Credit Scores apple pay amazon app educational content to help them better understand their scores.

In 2014, Discover Financial Services launched Discover it Chrome for Students, allowing students to establish credit while earning 2% at gas stations and restaurants.

In 2015, Discover Financial Services launched Discover it Miles, which rewards 1.5 miles per dollar spent.

In 2016, Discover Financial Services launched Discover it Secured for consumers looking to build their credit. Additionally, DFS expanded FICO Credit Scores based on Experian data for free to everyone via a platform called Credit Scorecard, which also included a summary of the data that helps determine an individual's FICO Credit Score.

In 2017, Discover Financial Services launched a free service called Discover Identity Alerts to notify cardmembers if their social security numbers are found on risky websites and if any new accounts are opened on their Experian credit report. All of these services are offered at no cost and do not impact credit scores.

In 2018, Discover Financial Services announced a change to its checking account rewards program, a new industry-leading reward of 1% cash back on up to $3,000 in qualifying debit card purchases each month. Additionally DFS also online t shirt design website First Fee Forgiveness, a new program that automatically waives the first eligible fee each calendar year for certain Discover accounts. Eligible fees included in the program were inclusive of insufficient funds, stop payment, excessive withdrawal and Money Market minimum balance fees. For its U.S.-based employees, DFS launched the Discover College Commitment, which offers employees a full ride bachelor's degree program covering tuition, required fees, books, and supplies to select online degrees. On September 12, DFS launched the Discover it Business credit card, offering unlimited 1.5% cash back on all purchases, as well as free business and security features.

In 2019, Discover Financial Services' subsidiary Discover Bank eliminated most fees on all of its deposit products. Additionally, Discover Home Equity Loans surpassed $1 billion in funded loans, helping over 20,000 homeowners with their financial goals. DFS also launched contactless cards this year.[23]

Advertising[edit]

From 1998 to 2007, Discover Card owned a billboard at Account number discover bank Times Square, just above the flagpole where the Times Square Ball is placed, until Toshiba bought the space. As a result, its logo could be seen on national television during New Year's Eve, while the ball dropped. Discover also sponsored the ball drop itself.[24][25]

From its opening in 2001 to 2012, Sugarloaf Mills Mall in Lawrenceville, Georgia was named Discover Mills in a naming rights partnership with Discover Card. The slogan for the mall was "Where Discover Card is the Smart Choice." It was the first shopping mall to have granted naming rights to interested companies.[26][27]

Since 2008, Discover has been the official credit-card partner of the National Hockey League. As part of this deal, Discover offers team- and league-branded credit cards as well as a 10% discount on purchases made from the NHL's online store using Discover.

In 2011 and 2012, Discover participated and won the Grand Marshal award for excellence in creative concept and design first midwest bank plainfield il hours the Tournament of Roses Parade in Pasadena.

From 2011 to 2013, Discover was the sponsor of the college football Orange Bowl.

In 2013, Discover was the sponsor of the BCS National Championship.

In 2017, Discover was named the first ever presenting sponsor and official credit card of the Big Ten Football Conference and Championship Game as part of a multi-year sponsorship.[28]

Business[edit]

In addition to its card products, Discover Financial Services also markets savings products, checking accounts, personal loans, student loans, identity protection, and home equity loans.[29]

Competitors[edit]

In the United States, Discover, as a card network, competes primarily with Visa, MasterCard, and American Express.[30] Unlike Visa and MasterCard, Discover directly issues its cards as both the card network and associated bank, through its Discover Bank unit.[31] When measured by card balances, Discover is the sixth largest credit card issuer in the U.S. behind JPMorgan Chase, Citigroup, Account number discover bank of America, Capital One and American Express, and ahead of Wells Fargo and U.S. Bank.[32]

References[edit]

  1. ^ abcdef"Annual Report 2020 (SEC Form 10-K)"(PDF). U.S. Securities and Exchange Commission. Retrieved May 21, 2021.
  2. ^"Discover Financial Services - Company Profile and News". Bloomberg News. Retrieved July 2, 2020.
  3. ^"A Brief Chronology of Sears History". Sears Brands, LLC. Retrieved August 12, 2009.
  4. ^Barmash, Isadore. "Sears Net Rises 47.4% in Quarter", The New York Times, April 22, 1987.
  5. ^Kagan, Julia. [1]. Investopedia.com, June 27, 2018.
  6. ^[2]. June 1, 2007.
  7. ^“Discover flying solo”. The Green Sheet, July 9, 2007. Retrieved 2016-12-05.
  8. ^"Greenwood Trust Company Renamed Discover Bank" (Press release). Discover Financial Services. August 1, 2000. Archived from the original on January 21, 2014.
  9. ^"Discover Bank Locations".
  10. ^"Merger of Discover Financial Services and Pulse EFT Association closes following Pulse member approval" (Press release). Discover Financial Services. January 12, 2005. Archived from the original on December 8, 2012. Retrieved October 22, 2007.
  11. ^Miller, James P. (July 1, 2008). "Discover completes purchase of Diners Club". Chicago Tribune. Archived from the original on July 6, 2008. Retrieved July 1, 2008.
  12. ^"Discover Financial buying Citigroup's Student Loan Corp". Crain's Chicago Business. September 17, 2010. Retrieved December 19, 2014.
  13. ^"Discover Completes Acquisition of the Student Loan Corporation" (Press release). Discover Financial Services. January 11, 2011. Retrieved December 19, 2014 – via Business Wire.
  14. ^"Tree.com Completes Sale of Certain Assets of Home Loan Center, Inc. to Discover" (Press release). Tree.com. June 7, 2012. Archived from the original on May 22, 2013. Retrieved July 14, 2012.
  15. ^Harkness, Brendan. [3]. CreditCardInsider.com, April 7, 2020.
  16. ^"Discover's Fourth Quarter Net Income Grows 31%".
  17. ^"Discover Card Account Center Launches Online Sweepstakes; Click, Pay and Win With SmartCheck on Discovercard.com" (Press release). Discover Financial. Archived from the original on March 31, 2012. Retrieved June 18, 2013.
  18. ^"Discover Card Now Accepted for Cash Advances At Citibank; Discover Card Is Now Accepted At All U.S. Citibank Financial Centers and ATMs" (Press release). Discover Financial. Archived from the original on March 31, 2012. Retrieved June 18, 2013.
  19. ^Kingson, Jennifer A. "Credit Card Issuers Adjust to Open Field", The New York Times, March 26, 2005.
  20. ^Lee Enterprises. "Wal-Mart taps MasterCard for store-branded credit card". stltoday.com.
  21. ^"Discover Lifts The TARP". Forbes. March 17, 2010. Retrieved February 28, 2018.
  22. ^"Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau Order Discover to Pay $200 Million Consumer Refund for Deceptive Marketing". Consumer Financial Protection Bureau.
  23. ^"Discover - Our Company | Discover Card".
  24. ^Metro Business; Discover Is Sponsor For Year 2000 Event
  25. ^Back in Times Square, Toshiba Stands Tall
  26. ^"The Mills Corporation Announces the Grand Opening of Discover Mills". PR Newswire. Retrieved March 9, 2016.
  27. ^Sawicki, Beth (September 21, 2012). "Discover Mills renamed Sugarloaf Mills". Gannett. 11 Alive News. Archived from the original on January 16, 2013. Retrieved March 9, 2016.
  28. ^"Discover - Our Company | Discover Card".
  29. ^"Discover - Our Company | Discover Card".
  30. ^Holmes, Tamara P. "Credit card market share statistics". CreditCards.com, June 22, 2016. Retrieved 2016-11-28.
  31. ^Kiernan, John S. "List of Credit Card Companies & Networks: Differences, Contact Info & More". WalletHub, March 31, 2016. Retrieved 2016-11-28.
  32. ^"Q1 2016: U.S. Credit Card Issuer Snapshot". Retrieved November 28, 2016.

External links[edit]

Источник: https://en.wikipedia.org/wiki/Discover_Financial

Chase vs Discover Bank

Chase is a national bank with good promotions for new customers. How does it compare to Discover Bank? Read our comparison chart below.

Chase is one of the biggest banks in the nation with more than 4,700 branches and over 16,000 ATMs. They offer a variety of banking, loans and investing services.

While Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms and have a minimum deposit of $2,500. In addition, Discover offers checkback checking. There are no service fees.

Compare Chase with Discover Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 ChaseDiscover Bank
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Benefits and Features

Savings
  • Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open.
  • Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
0.40% APY
CDTerms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.0.20% to 1.00% APY. Terms of 3 months to 10 years. 12-month CD APY of 0.55%. Minimum deposit of $2,500 to open.
Checking
  • Chase Total Checking®
  • Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open.
  • Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open.
  • Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open.
  • Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Earn 1% cashback on up to $3,000 in debit card purchases each month
Money Market 0.30% APY under $100,000; 0.35% APY $100,000 or more. $2,500 minimum deposit.
Customer Service 
24/7
ATMs
16,000 Chase ATMs
Over 60,000 no-fee ATMs
IRA CD 12-month CD APY of 0.55%. 24-month CD APY of 0.65%. 5-year CD APY of 1.00%.
Locations
Over 4,700
Online Only
 

CreditDonkey® Reviews

 ChaseDiscover Bank
SavingsStarStarStarHalf StarEmpty StarStarStarStarStarHalf Star
CheckingStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarStar
Mobile AppStarStarStarStarStarStarStarStarStarStar
Money MarketStarStarStarStarHalf <a href=Cit group ireland & ConsPros:
  • More than 4,700 branches
  • New customer coupons
  • Full service banking
Cons:
  • Low interest rates
  • Not in all states
Pros:
  • High yield
  • Cashback checking
  • 24/7 customer service
Cons:
  • No interest checking
  • $2,500 minimum deposit for CDs
Bottom LineNational bank with good promotions for new customers. Read full reviewSolid online bank with high APY rates and good customer service. Account number discover bank full review
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Chase: Pricing information and data points from published website as of 12/17/2020

Discover Bank: Pricing information and data points from published website as of 01/28/2021

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  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
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  • *We charge a $34 Insufficient Funds Fee per item during our nightly processing beginning with the first item that overdraws your account balance by more than $50 (maximum of 3 fees per business day, up to $102).
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  • Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities.
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Discover Bank

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Discover Online Savings - $200 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code CY21 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

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Discover Bank

Member FDIC

Discover Online Savings - $150 Cash Bonus

To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online or by phone. Enter Offer Code CY21 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.

What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must first convenience bank heb open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/21, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.

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Which is Better: Chase or Discover Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Chase or Citibank.

In short: Discover Bank's savings and customer service are worth mentioning. In particular, the customer service is outstanding.


Articles on Chase

Chase Bank Reviews

Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.

Open Chase Account

Opening an account with Chase Bank is simple. Take a look at what you'll need and check out your account options in our guide.

Chase Routing Number

What is Chase Bank's routing number? It depends on the state. Find the correct routing number for your Chase account (even without a check).

Chase Total Checking Bonus

Chase Total Checking is offering $225 for opening account number discover bank new account. Find out how to qualify for the bonus below.

Chase Secure Banking Coupon

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Articles on Discover Bank

Discover Bank

Discover offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.

Discover Online Savings Account Review

Discover Bank online savings account offers a high interest rates and no monthly fees. But is it the right place for your money? Read on to find out, plus the best way to open an account.

Discover Checking

With Discover Bank's Cashback Debit account, you'll pay no fees and earn money for purchases. Learn more about these benefits—and some downsides—in our guide.

Discover CD Review

Discover Bank's CD account offers high rates and no hidden fees. But is the term worth it? Read this review before you open a CD.

Is Discover Savings Worth It

Looking for a better place to keep your money safe? Find out if a Discover Online Savings Account is worth it for you.

Discover Savings Bonus

You could earn $150 or $200 when you open a Discover Online Savings Account. Find out how to qualify for this 2021 Discover Bank promotion.



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Источник: https://www.creditdonkey.com/

Overview

Discover offers some of the highest interest rates on bank accounts in the industry. Its savings accounts, money market accounts and certificates of deposit all earn at rates well above the national average. Perhaps more notable is the bank’s checking account, which earns 1% cash back on your debit card purchases. 

Discover also doesn’t charge any monthly service fees. 

Read on below to explore Discover's many offerings.

ProductKey Details
Savings Accounts
  • Competitive interest rate
  • No minimum deposit requirement or monthly fee
Certificates of Deposit
  • Competitive interest rates
  • Terms from three months to 10 years 
Money Market Accounts
  • High minimum deposit requirement
  • Competitive interest rates on balance tiers
Checking Accounts
  • Earn 1% cashback on debit card purchases
  • No monthly fee or minimum deposit requirement 
IRAs
  • Mirrors Discover’s certificates of deposit
  • High minimum deposit requirement

Discover Overview

Discover first entered the financial industry as a credit card introduced by Sears in 1985. Over time, Discover took on its own separate identity and began adding on more financial products. The bank says it strives to listen to its customers and create products that consumers can benefit from. 

The bank doesn’t have any physical branches. Optum behavioral health level of care guidelines, there are over 415,000 ATMs, including over 60,000 no-fee ATMs. 

Discover Bank Interest Rate Comparison

 

Save more with these rates that beat the National Average

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Discover Account Features

A huge perk of banking with Discover is its lack of fees. For instance, you won’t be charged for things like bank checks, incoming wire transfers, excessive withdrawals, stop payments, insufficient funds and deposited items returned. In fact, the only fee you'll come across is a $30 fee for outgoing wire transfers.

Discover provides convenience with over 60,000 no-fee ATMs and free online and mobile banking. Online, you can transfer money, pay bills and simply check on your accounts. With mobile, you can also deposit checks on the go. 

Compare Discover Bank to Other Competitive Offers

Discover Online Savings Account

Key FeaturesDetails
Minimum Deposit$0
Access to Your Savings AccountOnline, mobile, over the phone and at ATMs.
SecurityFDIC insurance up to the maximum amount allowed by law. 
FeesNone
Current Terms and Rates0.40% APY

Discover’s Online Savings Account doesn’t come with many perks. However, its sky-high interest rate makes up for that. The account’s rate climbs well above the national average and most big banks’ rates. The account compounds interest daily and pays it monthly. 

You also get to keep your earnings since the account doesn’t charge fees for things like low balances, checks, incoming wire transfers, deposited items returned and more. You can, however, face a $30 fee for each outgoing wire transfer. You have the option of using this savings account as overdraft protection for a checking account. There are no fees for overdraft protection services.

Discover Certificates of Deposit

Key FeaturesDetails
Minimum Deposit$2,500
Access to Your CDOnline, mobile, and over the phone.
SecurityFDIC insurance up to the maximum amount allowed by law. 
FeesNone, although you may face a penalty for early withdrawal.
Current Terms and Rates
  • 3 Month: 0.20% APY
  • 6 Month: 0.25% APY
  • 9 Month: 0.30% APY
  • 12 Month: 0.55% APY
  • 18 Month: 0.60% APY
  • 24 Month: 0.65% APY
  • 30 Month: 0.70% APY
  • 3 Year: 0.75% APY
  • 4 Year: 0.80% APY
  • 5 Year: 1.00% APY 
  • 7 Year: 1.00% APY
  • 10 Year: 1.00% APY

Certificates of deposit offer a more structured way to save. Instead of having the flexibility of making deposits and withdrawals at almost any time, certificates of deposit usually allow one deposit at opening. You then cannot touch the account until it reaches maturity or the end of its term. Instead, CDs’ flexibility is tied to the term options a financial institution offers. Discover offers CD terms ranging from three months to 10 years. This allows you to save for both short-term and long-term goals. 

Discover does require a slightly high minimum deposit to open a CD. But, meeting this requirement can help boost your savings from the start, especially with interest compounded daily. Interest is credited to your account monthly. 

Discover Money Market Account

Key FeaturesDetails
Minimum Deposit$2,500
Access to Your Money Market AccountOnline, mobile, over the phone and at ATMs.
SecurityFDIC insurance up to the maximum amount allowed by law. 
FeesNone
Current Terms and Rates
  • Account balances below $100,000: 0.30% APY
  • Account balances of $100,000 and over: 0.35% APY

Having a money market account allows you to grow your money at interest rates similar to those found with savings accounts while having the kind of access to your funds you’d get with a checking account. You can access the Discover Money Market Account with your Discover ATM or debit card or with checks. 

It’s important to note that you have to open this money market account with a relatively high deposit amount. You can also use this account for overdraft protection, which doesn’t come at an extra cost. 

Discover Cashback Checking Account

Key FeaturesDetails
Minimum Deposit$0
Access to Your Money Market AccountOnline, mobile, over the phone and at ATMs.
SecurityFDIC insurance up to the maximum amount allowed by law. 
FeesNone

Discover’s Cashback Checking account comes with a ton of perks. Most notably, you can earn 1% cash back on up to $3,000 in debit card purchases each month. So when you use your debit card to buy groceries or a movie ticket, you can receive 1% cash back on those purchases. 

As a checking account, you’ll have access to checks and a debit card. These should be available to you within 10 days of account opening. You can also reorder checks or debit cards at no extra fee. 

This account, like Discover’s other bank accounts, comes with an almost nonexistent fee schedule. In short, the bank promises no hidden fees, though you may incur a $30 charge for outgoing wire transfers.

Discover IRA CDs

Key FeaturesDetails
Minimum Deposit$2,500
Access to Your AccountOnline, mobile, and over the phone.
SecurityFDIC insurance up to the maximum amount allowed by law. 
FeesNone, although you may face a penalty for early withdrawal.
Current Terms and Rates
  • 3 Month: 0.20% APY
  • 6 Month: 0.25% APY
  • 9 Month: 0.30% APY
  • 12 Month: 0.55% APY
  • 18 Month: 0.60% APY
  • 24 Month: 0.65% APY
  • 30 Month: 0.70% APY
  • 3 Year: 0.75% APY
  • 4 Year: 0.80% APY
  • 5 Year: 1.00% APY 
  • 7 Year: 1.00% APY
  • 10 Year: 1.00% APY

Discover’s IRA CDs mirror the bank’s regular CDs. They require the same minimum deposit amount and charge the same fees. However, it’s important to remember that an IRA will carry contribution limits. 

The tax treatment of an IRA is different than a personal savings account. You may need to consult with a financial advisor or tax professional to ensure you’re treating your IRA CD according to the rules. 

You can open a Discover IRA CD as a Roth or traditional IRA. You can also make IRA rollovers and transfers with these accounts. Discover also provides 24/7 telephone help to give you step-by-step instructions while you apply to and manage your account.

Where Can I Find Discover?

You can find Discover online, on mobile, over the phone, or at over 60,000 no-fee ATMs. The bank does not have any physical branches.

What Can You Do Online With Discover?

You can complete all your banking needs online with Discover, especially since the bank doesn’t have any physical branches to visit. You can browse its many offerings and tools online and locate its thousands of ATMs. If you find an account you like, you can open it online. 

Once you have an account, you can easily access that online by logging in with your user ID and password. Fingerprint and passcode security are added to your login if you want to access your account(s) on mobile. You can also deposit checks on mobile. 

How Do I Access My Money?

You can access your money wherever you can find Discover, whether that’s online, on mobile, over the phone or at an ATM. You can reach a Discover customer service representative 24/7 at 1-800-347-7000. If you want to access your account online, you can do so from any page on the bank’s website. Simply click the “Log In” button at the top right and enter your user ID and password. You can also use this login information on the bank’s mobile app or your phone’s internet browser. 

You can use your Discover ATM/debit card at over 415,000 ATMs. This includes over 60,000 no-fee ATMs in the Allpoint® or MoneyPass® networks.

How Can I Save More Money With a Discover Account?

Discover’s savings, CD, and money market accounts all carry competitive interest rates which can help you save more. Plus, only the money market account earns according to balance tiers, allowing all customers to take advantage of the high interest rates. The Discover checking account even earns cash back, a feature typically reserved for credit cards. 

What’s the Process for Opening an Account With Discover?

To open a Discover account online, you need to click on the orange “Get Started” button for the account you’re interested in. You may also find a blue “Open an Account” button, which will take you to the same application. Once you’re there, you’ll need to provide your address, email, and Social Security number. 

You’ll also need to fund the account at opening if there is a required deposit. This means you’ll need to provide banking information to fund your new account. Once that’s done, you’ll receive an email in your inbox and a welcome kit in the mail.

What’s the Catch? 

Despite being a big name in the financial world, Discover doesn’t have any physical branches you can visit in person. That means that if you really value in-person banking, you may want to find another bank. 

You may be caught off guard by the high minimum deposit requirements for the CDs and money market account. You have to maintain that balance in the money market account to avoid a minimum balance fee. This balance may not be achievable for everyone who wants to open an account.

Bottom Line

Discover offers only one option per account type, which limits customers’ pool of choices. However, the accounts all have high interest rates, making them extremely attractive options. With the exception of the bank’s money market account, you don’t have to worry about needing to maintain a certain account balance or meet specific requirements in order to inb certified a monthly fee. Discover offers a great option for those who want to save at the highest rates and keep their accounts in one place. 

Источник: https://smartasset.com/checking-account/discover-bank-banking-review

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4 Replies to “Account number discover bank”

  1. Agreed. Although it is a real issue, but it can be done wisely. My boyfriend, when he was with his wife and they had their daughter, decided that she would stay home and he would work, because even if she worked, all of her money would go to childcare. My brother did the same thing with my sis in-law and their kids.

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