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Find updated Discover Bank Checking, Savings, CD and IRA promotions and bonuses here.
Discover Bank is an online-only bank and has no retail branches. They are able to offer better rates by operating their banking services online. Their line of deposit accounts include Savings, Checking, Money Market, CD, and IRA CD accounts. Discover Bank originally began when it acquired the Greenwood Trust Company in 1985 and is also now headquartered in Greenwood, Delaware.
For more current offers, see our bank bonuses page. Popular offers can be had from banks like Chase Bank, HSBC Bank, TD Bank, Aspiration, Bank of America, Huntington and many more.
You’ll find competitive rates with Discover Bank, however, they aren’t market-leading. Be sure to compare rates with all the best listed on our Savings Rates Page and CD Rates Page.
Discover Bank Promotions Review Below
Discover Checking 1% Cash Back (Up To $30/Month)
The Discover Cashback Checking account is a great option if you’re looking into Online Checking accounts, which essentially is also considered a Free Checking account. One of the ways this account sets itself apart from competitors is by allowing you to earn up to $30/month in cash back bonuses.
It’s also one of the best accounts for low-fee ATM debit card use internationally.
This isn’t like the other sign-up bank promotions available, but rather an extra perk for an already great Checking account.
If you’re wondering about the convenience of accessing your cash, you’ll have over 60,000 ATM locations which are free. These ATMs are scattered throughout the country at popular drug stores, convenience stores, grocery stores, etc., such as CVS, Walgreens, Tom Thumb, Target, 7-Eleven and many others.
Discover CashBack Checking Features:
- No monthly fees or monthly balance requirements (standard with online banks; traditional banks usually have monthly maintenance fees)
- Access to over 60,000 free ATMs in the U.S. (uses the Allpoint network; the largest ATM network big online banks use)
- Earn 1% cash back on up to $3,000 in debit card purchases each month
- Free Online Bill Pay (standard with most banks)
- Free Check Reorder (good perk; most banks charge for re-orders)
- Free Replacement Debit Card (standard with most banks)
- Free Official Bank Check (standard with most banks)
- Free Expedited Delivery for your Replacement Debit Card (good perk; some banks charge for this)
- Free Outbound ACH Transfers (standard with most banks)
- Free Incoming Wire (good perk; most traditional banks charge for this)
How It Works
- Earn 1% cash back on up to $3,000 in debit card purchases each month
- 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.
- You can redeem your cashback bonus for any amount.
[Expired] Discover Bank $150 & $200 Savings Bonus
- What you’ll get: $150 or $200 bonus
- Where it’s available: online, nationwide
- How to earn it:
- Apply for your first Discover Online Savings Account by 12/15/21, online or by phone.
- Enter offer code OBR21 when applying.
- Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus.
- Deposit must be posted to account within 30 days of account open date.
- When it expires: 12/15/21
Fine Print
- Offer not valid for existing or prior Discover savings customers.
- Account must be open when bonus is credited.
- Bonus is considered interest and will be reported on IRS Form 1099-INT.
- Offer may be modified/withdrawn without notice.
Wow! Opened the account on 9th and received the bonus on the 14th of the same month!!!