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You can also add money to your account through an ACH transfer, direct deposit from an employer or through a wire transfer.

To deposit funds into your online checking account, you can make a mobile check deposit, deposit cash at any of the 60,000 ATMs, or mail a check to Discover Bank.

Your Discover Cashback Debit card works with your Discover online checking account.

How do I put money on my Discover Cashback Debit card?.

Yes, the Discover Cashback Debit card pays up to $360 per year in cash back, offering 1% cash back on all debit card purchases up to $3,000 per month.

Does Discover debit card have cash back?.

This makes in-person and online banking easy with Bank of America. In fact, Bank of America has more than 4,200 retail banking centers around the world and a network of roughly 17,000 ATMs. Discover Cashback DebitĪs a traditional, brick-and-mortar bank, Bank of America Member FDIC may be a better choice for those who want an in-person banking solution. Discover has no minimum to earn 1% cash back, making it a better choice if your balance tends to dip below $2,000 regularly. Otherwise, your earnings percentage drops to 0.50% for that month.

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Axos offers your first set of checks for free but does charge a fee for checks on subsequent orders.Īxos Bank’s cash back program offers up to $2,000 per month in cash back, but you must maintain a minimum $1,500 daily balance to earn 1% cash back. Like Discover, Axos Bank is an online-only bank with no fees and no minimum balance requirements, although you will need at least $50 to open an account. Even though this is an online-only bank, you can still get the personalized service you expect.Īxos Bank also ranked high on GoBankingRates’ Best Checking Accounts for 2022. Customer Serviceĭiscover is renowned for its U.S.-based, 24/7 customer service, which has been the focus of several advertising campaigns for the company over the years. Ally Bank, for instance, is an online only bank with a relatively high APY for checking accounts.

The 1% cash back also compares favorably to other banks that to pay interest on their checking accounts. If you tend not to hold a large balance in your bank account, this can work out to your benefit. In lieu of paying interest on the balance in your account, Discover offers 1% cash back - up to $360 per year - for every purchase you make using your debit card. APYĪPY stands for Annual Percentage Yield, or the amount of money a checking or savings account pays in interest.Įxploring the APY for your Discover Cashback Debit card is a little different. However, you may be able to avoid ever using the wire transfer service by transferring money for free using Zelle, paying with Apple Pay or using your Discover debit card to earn cash back. In fact, the only fee associated with your Discover online checking account and cash back debit card is a $30 service charge for an outgoing wire transfer from your Discover online account. If you lose your debit card, Discover will offer expedited delivery of a new card for free. There’s also no fee if you need to reorder checks, pay bills online or acquire an official bank check. You can access your money through any one of 60,000 fee-free ATMs nationwide using your Discover Cashback Debit card. First, there’s no minimum deposit for the Discover checking account, and the company doesn’t charge any monthly service fees, overdraft fees or insufficient funds fees. Feesĭiscover keeps it simple with its fee-free checking account.

While the market is virtually flooded with top cash back rewards credit cards, like Chase Freedom Unlimited and the Blue Cash Preferred Card from American Express, there are fewer choices in cash back debit cards.ĭiscover’s debit card offers 1% cash back on up to $3,000 in purchases per month, making it possible to accrue a grand total of $360 cash back per year. Four factors were considered in evaluating the Discover Cashback Debit account.

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