Discover Bank is one of the most fee-free banking experiences in the US. No monthly fees, no overdraft fees, no minimum balances — plus a 4.20% APY savings account and the only debit card at a major US bank that pays 1% cash back. Discover operates online-only with 60,000+ fee-free ATMs through the Allpoint and MoneyPass networks.
Discover Bank at a Glance
| Feature | Details |
|---|---|
| Savings APY | 4.20% |
| Debit cashback | 1% on up to $3,000/month in purchases |
| Monthly fees | $0 (all accounts) |
| Overdraft fee | $0 — transactions decline instead |
| ATM network | 60,000+ fee-free (Allpoint + MoneyPass) |
| Minimum to open | $0 (savings/checking); $2,500 (CDs/MMA) |
| Wire transfer (outgoing) | $30 domestic |
| Customer service | Phone 24/7, US-based |
| FDIC insured | Yes — $250,000 per depositor |
Account Summary
| Account | APY | Monthly Fee | Minimum |
|---|---|---|---|
| Online Savings | 4.20% | $0 | $0 |
| Cashback Debit Checking | None (1% cashback) | $0 | $0 |
| Money Market | 3.90% | $0 | $2,500 |
| CDs (12-month) | 4.20% | $0 | $2,500 |
Discover vs. Competitors
| Feature | Discover | Ally | Marcus | Capital One |
|---|---|---|---|---|
| Savings APY | 4.20% | 4.00% | 4.30% | 3.90% |
| Monthly fee | $0 | $0 | $0 | $0 |
| Overdraft fee | $0 | $0 | N/A | $0 |
| Debit cashback | 1% | None | None | None |
| Free ATMs | 60,000+ | 43,000+ | None | 70,000+ |
All Discover Bank Guides
- Discover Bank Review 2026 — full account review, rates, pros and cons, and who Discover is best for
- Discover Bank Fees 2026 — complete fee schedule, overdraft policy, ATM costs, and wire fees
- Discover Bank Transfer Limits 2026 — ACH, Zelle, wire, and ATM withdrawal limits
- Discover Routing Number 2026 — 011500120, SWIFT BNKDUS33, free outgoing domestic wire
- Discover ATM Limit 2026 — $510/day, 60,000+ Allpoint, no OON reimbursement
- Discover Customer Service 2026 — 1-800-347-7000, 24/7, US-based agents
- Discover Bank Hours 2026 — 24/7 phone, no branches
- Discover Minimum Balance 2026 — $0 checking/savings, $2,500 CD minimum, 4.20% APY
- Discover Mobile Deposit Limit 2026 — $10,000/day, 8PM ET cutoff
- Discover vs Ally 2026 — debit cashback, ATM, wire fees, and savings rates compared
See also:Discover Bank Review 2026: Savings, CD Rates, Checking & Who It''s Best For·Discover Bank Routing Number 2026: 011500120·Discover Bank vs Ally Bank 2026: Which Online Bank Is Better?
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