Discover® is renowned for its high-value, low-cost financial products, with the Discover® Cashback Debit card being a prime example. This card is tailored for consumers who prefer online banking over brick-and-mortar bank visits.

Offering cashback rewards without fees or minimum balance requirements, and accessible without a credit history, the Discover® Cashback Debit card is an attractive option. If this sounds appealing, read on to discover the main features and terms of the Discover® Cashback Debit.

1. A Fully-Featured Checking Account

Opening an online checking account with Discover Financial Services grants you the Discover® Cashback Debit service. This account allows balance checks, check deposits, transfers, and payment authorizations via mobile devices, tablets, or PCs. Customers have access to over 60,000 free ATMs nationwide.

The account setup is straightforward, requiring basic information such as your address, date of birth, phone number, and social security number during the online application process. You can deposit funds immediately or later at your convenience. You will receive an email confirmation once your account is active.

Discover® Cashback Debit Card

The Discover® Cashback Debit card should arrive by mail within 10 days, along with paper checks if requested. Contact Discover Financial Services to activate your card and set up a Personal Identification Number (PIN) for signature-free use.

2. Cashback Rewards on Purchases (Up to a Limit)

With this account, you can earn 1% cashback on up to $3,000indebitcardpurchasesmonthly,equatingtoupto$360 in cashback rewards annually.

Discover automatically credits cashback to your Discover® checking account or Discover® online savings account, though you can also redeem this money for gift cards starting at $5.

3. Highly-Rated App

The Discover mobile banking app enables on-the-go banking management. Available for download from the Apple Store, Google Play, or by texting “APP” to 20877. Features include:

• Account and activity alerts: Set and manage mobile alerts for balance tracking, deposits, rewards, and other account data.
• Mobile check deposit: Deposit checks anytime, anywhere by taking a photo and uploading it.
• ATM locator: Find and withdraw cash from over 60,000 free ATMs in the U.S.
• Online bill pay: Consolidate bills into a secure, manageable hub and set up automatic payments.
• Mobile transfers: Seamlessly transfer between your Discover accounts or external personal accounts. Transfers between Discover accounts are instant, while those with other banks may take four to five business days.
• Zelle cash transfers: Zelle offers a quick, direct way to transfer money to friends and family with U.S. bank accounts, free with the Discover app. Transactions between registered consumers typically complete within minutes. Zelle requires a U.S. bank account and phone number or email address. Your Discover® online savings, checking, or money market account must be at least 90 days old to use Zelle on Discover.
• Card freeze: Temporarily freeze your debit card to prevent new debit card purchases and ATM transactions. You can unfreeze your card at any time.
• Wearable technology compatibility: The Discover App works with various wearable devices, keeping you informed about your balance and account activity.

Security with Discover

Discover® Cashback Debit offers several security features recognized by financial advisors, including account alerts, Freeze it® to toggle your debit card on/off, touch or face recognition for secure login, contactless card technology, and zero liability for unauthorized purchases.

In conclusion, the Discover® Cashback Debit card should be a top consideration for anyone looking for an online banking account. It’s more than just free; it pays you up to $360 annually for using the card. With excellent security and convenience, Discover’s customer support consistently receives high marks. If you’re tired of traditional banking fees and hassles, it’s time to consider a low-cost online checking account from Discover, a choice you won’t regret.