The Discover Cashback Debit account is a good option for those who don’t want to jump through a lot of hoops to avoid fees. There’s no minimum deposit required to open an account and no minimum balance to avoid monthly fees.
The account is not interest-bearing, but Discover Bank offsets that by offering one percent cash back on up to $3,000 in debit card purchases each month.
This is currently the only checking option offered by Discover Bank.
Discover Bank has a network of 60,000 ATMs in the U.S. That should make it easier to avoid ATM fees. In October 2019, Discover Bank brought Zelle to its accounts. This allows Discover Bank customers to send money to others.
No monthly maintenance fee.
1 percent cash back on up to $3,000 in debit card purchases each month.
No fee charged by Discover to use out-of-network ATMs.