Customers Pay No Monthly Fees, Have No Minimum Balance
Requirements and Receive Cashback Bonus® for Everyday
Transactions
RIVERWOODS, Ill.--(BUSINESS WIRE)--Feb. 27, 2013--
Discover Financial Services today announced the launch of Discover
Cashback CheckingSM – the latest addition to the company’s
growing suite of direct banking products that includes credit cards,
home loans, student loans, personal loans, CDs, money market accounts
and savings accounts.
Cashback Checking accounts pay customers 10 cents for every debit card
purchase, Online Bill Payment and check they write. Rewards are
automatically added to the account holder’s Discover card Cashback
Bonus® balance.
The new accounts are now available to a limited number of Discover
cardmembers, with availability expanding to all cardmembers gradually
throughout the year. A full consumer roll out is planned for 2014.
“Our goal for Discover Cashback Checking is to provide customers with
the best value, service and rewards in the industry,” said Roger
Hochschild, Discover’s president and chief operating officer. “We
combined what customers most want in a checking account with the latest
technology to provide a truly breakthrough product.”
Discover Cashback Checking includes:
-
Fee-free features: No monthly fees, no minimum balances, free
checks and replacement cards. There are no Discover fees at 415,000
ATMs in the U.S.
-
Convenience: An app that lets customers easily bank on the go
with mobile check deposit, mobile bill pay and an ATM locator
-
Stellar service: 24/7 service from Discover’s U.S.-based
customer service team
-
Protection: $0 fraud liability for unauthorized transactions
and bill pay protection
For more information call 1-800-Discover or visit www.discover.com/bank.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company
operates the Discover
card, America's cash rewards pioneer, and offers home loans, private
student loans, personal loans, online savings accounts, certificates of
deposit and money market accounts through its direct
banking business. Its payment
businesses consist of Discover
Network, with millions of merchant and cash access locations; PULSE,
one of the nation's leading ATM/debit networks; and Diners
Club International, a global payments network with acceptance in
more than 185 countries and territories. For more information, visit www.discoverfinancial.com.
Source: Discover Financial Services
Discover
Rob Weiss, 224-405-6304
robertweiss@discover.com