Skip to main content
Discover Logo Modern Money
  • Checking Account
  • Online Savings Account
  • Money Market Account
  • Certificate of Deposit
  • IRA Certificate of Deposit
  • IRA Savings Account
  • Discover Bank Blog Home
  • Banking 101
  • Saving
  • Budgeting
  • Career & Education
  • Family Finance
  • Retirement
  • Lifestyle
  • Home
  • Banking 101
  • Saving
  • Budgeting
  • Career & Education
  • Family Finance
  • Retirement
  • Lifestyle
    • Checking Account
    • Online Savings Account
    • Money Market Account
    • Certificate of Deposit
    • IRA Certificate of Deposit
    • IRA Savings Account
    • Compare Retirement Accounts
    • Find an Account

Benefits of online banking

It’s convenient. It’s easy. See what else online banking has to offer.

April 23, 2016

Ask anyone what comes to mind when they think of things that make their lives easier, and they’re likely to say cell phones, household appliances or cars. Yet one of the biggest boosts to easy living in recent years has been the arrival of online banking. Just think of it. No more lines. No dealing with the post office and stamps. And no more chasing down branch managers just to find out the balance of your account.

Online banking lets you manage your finances when and where you want

Because your financial security, convenience, and peace of mind are Discover’s priorities, we strive to provide you with top-notch online banking services.

Today’s online banking customers enjoy instant access from their computer or mobile device to a full range of services, allowing you to:

  • Check balances on accounts and view records of your transactions
  • Pay bills automatically each month with easy-to-set-up auto payment
  • Transfer funds between accounts
  • Download or print statements for your tax or personal records
  • Access your account 24/7

Check your balance, pay bills, transfer funds, and more--24 hours a day, 7 days a week

Online banks such as Discover offer many different types of accounts, including Certificates of Deposit (CDs), Individual Retirement Account CDs, Money Market and an Online Savings Account, and they generally offer higher rates than brick-and-mortar banks. That’s because they have low overhead expenses and can pass their savings along to customers in the form of better rates. But while other banks may offer these accounts, Discover has just the right mix for you, with the returns and liquidity you demand for each unique financial goal.

Discover logo
Start saving with no minimum balance
Learn more
Discover Bank, Member FDIC

Online banking with Discover is also secure enough to keep your money safe and your mind at ease. Access is password protected and secured by other identity confirmations, while sophisticated encryption technology is used to prevent unauthorized access to any of your personal data. Of course, Discover accounts are also FDIC insured up to the maximum allowed by law.

Given the growing list of conveniences and services offered through online banking, it’s no surprise that it’s growing in popularity among all age groups. A 2011 survey by the American Bankers Association showed that for the third year in a row, most bank customers (62%) prefer to do their banking online compared with any other method. Survey results showed that the popularity of online banking was not exclusive to the youngest consumers; of customers aged 55 or older, 57% preferred online banking to any other banking method.

Online banking gives you convenience without sacrificing service

So if you’re not already among the growing ranks of enlightened consumers taking advantage of the many benefits of Discover’s online banking services, sign up today. Only Discover offers the unique combination of unparalleled account access, online and mobile security, and competitive rates that will make your financial life easier to manage for years to come

Discover

Discover Bank offers a full range of CDs and IRA CDs with terms from 3 months to 10 years as well as Money Market andOnline Savings Accounts. Open an account online in minutes or call our 24-hour U.S.-based Customer Service at 800-347-7000.

The article and information provided herein are for informational purposes only and are not intended as a substitute for professional advice.

Take your financial knowledge to new heights

Sign up for our quarterly Modern Money newsletter.

Enter a valid email address.
Send me articles about (optional)
  • Saving
  • Budgeting
  • Retirement
  • All of the above
Please verify that you are not a robot.

By providing your email address, you are consenting to receive the Modern Money newsletter from Discover. Subscribing to this newsletter will not impact any other email preference you may have with Discover.

Loading…

Discover Bank, Member FDIC

Was this article helpful?

  • Yes this article was helpful.
  • No this article was not helpful.

Tags:

  • CD
  • Convenience
  • Interest Rates
  • IRA
  • Online Banking
  • Online Savings Account
  • Security
Related Article
7 tips to manage your checking account
Close
  • Share article on facebook.
  • Share article on twitter.
  • Share article on linked in.

Related Content

Money market account vs. savings account: Which is best for you?
Why open a savings account? 5 reasons to add savings to your financial mix
7 crazy simple ways to save money with your checking account

Banking on Your Terms

Checking Account: Enjoy Everyday Checking and Earn Cash Back While Doing It
Checking Account
Online Savings Account: Imagine an Online Savings Account Without the Monthly Fees
Online Savings Account
Money Market Account: Get the Best of Both Worlds: Flexibility and High Yields
Money Market Account
Certificate of Deposit: Lock in Your APY and Reap the Returns
Certificate of Deposit
Individual Retirement Accounts: Make Saving for Retirement a Lot Easier
Individual Retirement Accounts
Quick Quiz: Find the Account That's Right For You
Quick Quiz
Back To Top

Online Banking Products

  • Checking Account
  • Online Savings Account
  • Money Market Account
  • Certificate of Deposit
  • IRA Certificate of Deposit
  • IRA Savings Account
  • Compare Retirement Accounts
  • Find an Account
  • CD Rates

Help and Resources

  • FAQ
  • ATM Locator
  • Forms and Documents
  • Secure Document Upload
  • Mobile Banking
  • Digital Wallets
  • Features and Benefits
  • Modern Money Blog
  • FDIC Insurance

Other Discover Products

  • Credit Cards
  • Home Loans
  • Personal Loans
  • Student Loans

About Discover

  • About Discover
  • Financial Education
  • Investor Relations
  • Merchants
  • Newsroom
  • Sitemap
  • Terms of Use
  • Security Center
  • Privacy
  • Contact Us
  • AdChoices
  • Facebook
  • Twitter
  • LinkedIn

©2023 Discover Bank, Member FDIC

Discover

© 2023 Discover Bank, Member FDIC

  • Equal Housing Lender
  • Equal Housing Lender
  • Equal Housing Lender

You are leaving Discover.com

You are leaving Discover.com and entering a website operated by a third party. We are providing the link to this website for your convenience, or because we have a relationship with the third party. Discover Bank does not provide the products and services on the website. Please review the applicable privacy and security policies and terms and conditions for the website you are visiting. Discover Bank does not guarantee the accuracy of any financial tools that may be available on the website or their applicability to your circumstances. For personal advice regarding your financial situation, please consult with a financial advisor.

Continue