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  Discover Cashback Debit Checking Account
Discover Cashback Debit Checking Account
in Checking Accounts from Discover Bank · Member FDIC
Claimed

Discover Cashback Debit Checking Account

Claimed
in Checking Accounts from Discover Bank · Member FDIC
SuperMoney Net Recommendation Score +70  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +70, equating to 4.4 on a 5 point rating scale.

+70

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

8 users recommend
1 user is unsure
1 user doesn't recommend
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Highlights
Community Rating Strongly recommended
Cashback Rewards 1%
APY (Annual Percentage Yield) 0%
(Verified 06/30/2022)
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Number of Reviews 10

Discover Cashback Debit Checking Account Review

Discover Cashback Debit Checking Account is offered by Discover Bank, a bank founded in 1985 and based in Riverwoods, IL. Discover Cashback Debit Checking Account is available in 50 states (and Washington, DC).

Key Takeaways

  • Refer a friend; earn a cashback bonus every time you refer a friend and they open a Discover Checking Account.
  • Up to 1% cash back. Discover Cashback Debit Checking Account offers rewards on purchases (see terms and conditions for details).
  • 0% APY. As with most checking accounts, Discover Cashback Debit Checking Account does not pay interest.
  • Supports joint accounts. This allows two people to have equal authority over the management of an account.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Discover Cashback Debit Checking Account does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Discover Bank.
  • Early direct deposit. Get access to you paycheck funds faster If you set up a direct deposit to this account.

Discover Cashback Debit account Pros & Cons

Pros Cons
  • Zero fees.
  • No minimum balances.
  • Apply in minutes - Applying for a Cashback Debit account is simple and fast.
  • Personalized insights, spend analyzer, automated savings etc. via Personal Finance Management Tools.
  • Joint accounts available.
  • Available in all 50 states.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • Does not earn interest
  • Online-only account with no access to physical branches.
  • Higher than average wire transfer fees.

Discover Cashback Debit account FAQ

Are checking accounts from Discover Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Discover Cashback Debit account offer?

Discover Cashback Debit account is not an interest-bearing account.

What are the account minimums for Discover Cashback Debit account?

Discover Cashback Debit account does not require a minimum initial deposit.

Discover Cashback Debit Checking Account Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0

What fees does Discover Cashback Debit account charge?

The good news is that this account does not have a monthly Service Charge.

Discover Cashback Debit Checking Account Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Bank Teller Fee $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $30
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does Discover Cashback Debit account charge overdraft fees?

No, Discover Cashback Debit account does not charge overdraft fees.

What features and perks does Discover Cashback Debit account offer?

This account includes the following features:

  • Refer a friend; earn a cashback bonus every time you refer a friend and they open a Discover Checking Account.
  • Fraud monitoring - Discover Cashback Debit account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Get paid early - If you set up direct deposit with your employer and request this service, you can collect your salary early.
  • Mobile Banking Services - Discover Cashback Debit account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Discover Cashback Debit account?

The customer support email for Discover Cashback Debit account is service@email.discover.com.

How do people rate the customer service and user experience of Discover Cashback Debit account?

Overall, Discover Cashback Debit account is strongly recommended based on community reviews that rate customer service and user experience.

Discover Cashback Debit Checking Account Disclosure: See the advertiser website for full details.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Discover Cashback Debit account

Get cash back on debit card purchases and no monthly fees. Cash back isn’t just for credit cards. Cashback Debit is the online checking account with a debit card that lets you earn cash back for your spending. Say goodbye to checking account fees. No. Fees. Period. That means you won't be charged an account fee on our Cashback Debit account. Earn 1% cash back on up to $3,000 in debit card purchases each month. See website for details.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Bank Teller Fee $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $30
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Get Paid Early
  • Bauer Financial A+/A Rating
  • Member FDIC
  • Online-Only Account
  • Joint Accounts
  • Rewards
Bonus Offer Refer a friend; earn a cashback bonus every time you refer a friend and they open a Discover Checking Account.
Cashback Rewards 1%
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0%
(Verified 06/30/2022)

Discover Cashback Debit Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +70, equating to 4.4 on a 5 point rating scale.

+70

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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