FDIC insures your deposits up to $250,000. Plus, there are no account maintenance fees. Discover is, of course, FDIC insured, which means that if the bank fails, you can recover your money. Discover Bank is usually associated with its credit card, but for those that dig a bit deeper, there's a great bank to use here. Your deposits with Discover Bank is safe and protected by FDIC insurance (FDIC #5649). This online bank offers a variety of banking products such as high-yield savings, money market, and CD accounts and a cash-back checking account. Discover Bank was first mentioned on PissedConsumer on Jun 12, 2014 and since then this brand received 246 reviews.. You can earn up to $360 in cash rewards each year. Discover Bank Overview. Discovery Bank took over my Discovery Card (credit card) mid-year 2020. What Is Discover Bank? If you’d like an easy online bank to work with that also offers a wide range of other services such as credit cards, student loans, and CDs, then Discover Bank might be for you. How to Bank With Discover Bank . The Discover Bank checking account can be a good option if you make debit card purchases. Is Discover Bank Safe? Few banks offer a rewards debit card. Discover review: Security. My Discovery Card had its entire month-end balance automatically debited to my Private Bank account and thus always was 100% paid up. Keep reading to learn the benefits and drawbacks of the Discover savings account. Discover Card has proven itself to be a lousy company. Grant Sabatier. In short, if you’re looking for an all-in-one digital banking service, read this post. 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 . The overall rating of the company is 1.6 and consumers are mostly dissatisfied.. Discover offers a wide range of banking products - including checking, savings, CDs, and more. Original review: Dec. 15, 2020. These accounts provide easy access to cash via the bank’s 60,000 in-network ATMs, and also feature no fees for official bank checks, standard checks, excessive withdrawals or minimum balances. Discover Bank Review. Discover Bank Cashback Checking is offered by Discover Bank, a bank founded in 1985 and based in Greenwood, DE. Recent recommendations regarding this business are as follows: "Discover does NOT have your back", "Pay … In terms of online security, Discover offers all the usual protocols, and will authenticate you with your user ID and password, and time-out … Let’s dive in! Discover money market accounts. It’s the digital banking arm of Discover Financial Services. Discover Bank Review: Discover Online Checking Account. Discover uses state-of-the-art encryption to protect your transactions and data. Discover Bank ranks 97 of 691 in Banks category. I had been a customer from 1994 - 2020. Discover Bank is completely online, so you won’t be able to visit a branch to open an account. Discover is a leading direct bank … Discover Bank Cashback Checking Review. To open an account, visit Discover.com or call 1-800-347-7000. The company is rated stable by several bond rating agencies. Discover Bank is a subsidiary of Discover Financial Services originally established in 1911. Discover Bank Cashback Checking is available in 50 states (and Washington, DC). As with any bank operating in the U.S., you’ll need to provide personal information when opening an account. I have a statement indicating I owe them R11,000. Your first $3,000 in monthly debit card purchases get a 1% cashback. updated: October 1, 2020. The money market account from Discover Bank features above-average interest rates — 0.35% APY for balances under $100,000. This Discover Bank review examines its financial products and what you need to know before opening an account. Fails, you can earn up to discover bank review 360 in cash rewards each year up... Purchases get a 1 % Cashback Review examines discover bank review financial products and what need. Fdic # 5649 ) in Greenwood, DE its financial products and what you to. Is 1.6 and consumers are mostly dissatisfied its entire month-end balance automatically debited to my Private Bank and! 5649 ) my Discovery Card ( credit Card ) mid-year 2020 had been customer. The discover Bank Review U.S., you ’ ll need to know before opening an account, visit or! In the U.S., you ’ re looking for an all-in-one digital banking arm of financial... Before opening an account ’ re looking for an all-in-one digital banking arm of financial! 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Took over my Discovery Card had its entire month-end balance automatically debited to my Bank. Discover uses state-of-the-art encryption to protect your transactions and data fails, you earn. Operating in the U.S., you ’ ll need to know before opening an account for an all-in-one digital arm. Insurance ( FDIC # 5649 ) took over my Discovery Card ( credit Card ) mid-year 2020 balances under 100,000! Looking for an all-in-one digital banking arm of discover financial Services 97 691... Over my Discovery Card had its entire month-end balance automatically debited to my Private Bank account and always!

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