Discover Bank is an online institution within a financial services company offering various products, including credit cards, personal loans and student loans.
Discover customers have access to a full suite of financial products and services.
Checking account offers cash back when its debit card is used for everyday purchases.
As a credit card issuer, the company consistently ranks high in customer satisfaction.
Account holders can pay credit card bills and check bank accounts through the same app and website.
No monthly fees for keeping any of the bank accounts open.
Yields are competitive but low compared with what other online banks offer.
Only a couple of brick-and-mortar branches are available.
No opportunity to earn interest through the checking account.
Discover Bank ranks high in almost all customer experience categories.
Here, you will have access to more than 60,000 free ATMs nationwide and a mobile app earning positive scores in the App Store and Google Play. The app lets you deposit checks, pay your bills and find out account information without logging in, among other things.
While it operates only two branches, you can reach bank representatives 24/7 via phone.
About Discover Bank
The Discover card made its debut in the mid-1980s when Sears, Roebuck & Co. still offered financial services. Sears’ bank, the Greenwood Trust Co., was later renamed Discover Bank in 2000. It is headquartered in Greenwood, Delaware.
Discover has grown to become one of the largest credit card issuers in the country. As a retail bank, it offers CDs, checking and money market accounts and a high-yield savings account.