New Feature is Seamless and Helps Customers Save Money
RIVERWOODS, Ill.--(BUSINESS WIRE)--
Discover is always looking for ways to simplify the life of its
customers while helping them to better save and manage their money. As
part of that commitment, Discover Bank has introduced a First Fee
Forgiveness program for customers of Discover’s Cashback Checking,
Savings and Money Market Accounts. The new program automatically waives
the first eligible fee when it occurs each calendar year, with no action
required by the customer.
“Discover designs products that are simple and easy for our customers to
use, which is why we made this feature seamless,” said Arijit Roy, vice
president of Deposits at Discover. “It automatically waives the first
eligible fee for our checking, savings and money market customers. While
others continue to add fees, we’re committed to helping our customers
save more with accounts that have no monthly maintenance fees and the
ability to earn cash back on debit purchases.”
Fees that are waived as part of the program include the insufficient
funds fee, stop payment fee, excessive withdrawal fee and money market
minimum balance fee.
Discover Bank provides a number of unique benefits on its various
products to help customers save and earn more, including:
-
No monthly maintenance fees for Savings and Checking Accounts
-
No monthly balance requirements for Savings and Checking Accounts
-
More than 60,000 no-fee ATMs
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1% cash back on up to $3,000 in debit card purchases each month1
for Cashback Checking customers
-
A Savings Account that allows customers to earn interest over five
times the National Savings Average2
The First Fee Forgiveness program is now available to Discover Bank
customers. For more information or to open a Discover Bank account, go
to https://www.discover.com/online-banking/.
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 issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Global Network comprised 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 190
countries and territories. For more information, visit www.discover.com/company.
Discover Bank, Member FDIC
1 ATM transactions, the purchase of money orders or cash
equivalents, cash-over portions of point-of-sale transactions, and
Peer-to-Peer (P2P) payments are not eligible for cashback rewards. In
addition, purchases made using third-party payment accounts (services
such as Venmo® and PayPal™, who also provide P2P payments) may not be
eligible for cashback rewards.
2 The Annual Percentage Yield (APY) for the Online Savings
Account as of 05/08/2018 is more than five times the national average
APY for interest-bearing savings account with balances over $500 as
reported by Informa Research Services, Inc. as of 05/08/2018. Interest
rates and APYs are subject to change at any time. Although the
information provided by Informa Research Services has been obtained from
the various institutions, accuracy can not be guaranteed.
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Media Contact
Rob Weiss
Discover
224-405-6304
robertweiss@discover.com
@Discover_News
Source: Discover Financial Services