BANKING FAQs

Here's what other people like you wanted to know.

The Discover Bank routing number is 031100649 for direct deposit and electronic transfers made by ACH, but not for wire transfers

Click here to access our Wire Transfer form. When initiating an incoming wire, please wire funds to:

  • BNY Mellon Bank: Routing Number 043000261
  • Discover Account: 9914394
  • Further credit your name and your Discover Bank account number

Our registration process is quick and easy-with three simple steps. When you register, you will need to provide one of your Discover Bank account numbers and verify the security information provided when you opened your account. If you have multiple bank accounts with us, you will only need to register once as all your bank accounts are automatically linked to your online profile. To register for online banking, click here.

You can also manage your account via our mobile app. Click here to learn more about mobile banking.

Your Username must be between 6-16 characters in length and can contain letters, numbers, and most special characters. Your Password must be 8-32 characters in length and must contain at least 1 letter and at least 1 number. Your Password is case sensitive and can contain most special characters.

If you forget your User ID or Password, click here. If you are still unable to log in, call us at 1-800-347-7000.

Yes. Each joint owner must register separately to securely protect his/her personal information. Account holder(s) should not share User IDs or Passwords.

We may need to send you an identification code via text message, phone call, or e-mail to verify your identity. This might occur when you log in from an unrecognized computer or mobile device, or for certain transactions like changing your profile information. There's no need to sign up; this is an automatic service for your added security and protection. Once you receive the code, you will need to enter it when prompted.

Be sure to check your Junk or Spam folder in your e-mail account. You can also select a different method of delivery for another identification code.

Use the most recent identification code and disregard the previous ones you received; they are no longer valid when you request a new one.

Yes, your identification code is temporary and will expire if you don't use it within a certain time period. If needed, you can request a new one by clicking the "Get New Code" button.

We're happy to help you anytime. Please call us at 1-800-290-9885.

If you already have an identification code, there is a link at the bottom of the page to "Go to next step" - you can use this option to continue.

Yes, with our Mobile App for Android and iPhone® devices you are able to:

  • Find free ATMs nearby
  • Deposit checks
  • Check account balances
  • See recent account activity
  • Move money where you need it
  • Pay bills
  • Set up one-time or recurring transfers
  • View scheduled transfers and payments
  • Contact customer service

Click here for more information or to download our Mobile App. You can also download the app by texting*APP to DISCOV.

Yes. Our mobile app was designed with security in mind. This means that your information is encrypted, and we will never reveal your full account number. Each time you log in, we will authenticate you with your User ID and Password and your session will time out after a period of inactivity. For extra security, you can also enable Passcode or Touch ID to access the mobile app.

Using Passcode lets you enter the Discover Bank app faster. You no longer have to enter your entire User ID and Password to access your account information. It's easy to set up and use. The free Discover Bank mobile app is available for iPhone® and Android devices. You can also download the app by texting*APP to DISCOV.

*Consult your wireless service provider for applicable message and data fees

For first time users, navigate to Profile & Settings in the mobile app from the navigation after logging in with your User ID and Password and select "Passcode." You will be prompted to choose a 4-digit sequence that will become your Passcode. For your security, you must follow the Passcode Guidelines when creating your Passcode. For example, you cannot use your date of birth for your Passcode. After choosing a valid Passcode, you will be asked to re-enter it and then you will receive a confirmation message. A confirmation will also be emailed to you if your email address is registered with your account. The next time you launch the app you'll see the Passcode login screen for quicker access to your account. Please note that if you use the app on more than one mobile device, you will need to enable Passcode on each device.

If you have a Passcode set-up and would like to change it, follow these easy steps:

  • Navigate to Profile & Settings in the mobile app
  • Select Passcode
  • Select Change Passcode
  • Enter your current Passcode
  • Choose a new Passcode that follows the Passcode guidelines
  • Confirm your new Passcode

You can complete this process at any time. If you have Passcode enabled on more than one device, your new Passcode will apply to all devices with Passcode enabled.

If you have Passcode set-up and would like to disable it, follow these easy steps:

  • Navigate to Profile & Settings in the mobile app
  • Select Passcode
  • Select Disable Passcode
  • Enter your current Passcode

You can disable your Passcode at any time. If you have Passcode enabled on more than one device, it will continue to be enabled on those devices until you disable it for each device. You can also call 1-800-290-9885 to have a Banking Specialist disable your Passcode on all your devices at one time.

You can enable Passcode on any device that has the most current Discover Bank Mobile application.

For security purposes, you can only log on to devices that you have registered your Passcode with.

To protect your account, we advise that you call 1-800-290-9885 to disable Passcode on all your devices. This will prevent others from attempting to log into your account with your Passcode.

On the Passcode login screen, you can select "Forgot Passcode." You will then be prompted to log in with your User ID and Password and create a new Passcode.

Yes, you can log in with your User ID and Password at any time by clicking on "User ID Login" from the login page.

For security purposes, you will be locked out of the application after a certain number of failed attempts. If your account becomes locked, please call our Banking Specialists at 1-800-290-9885 to unlock your account.

Turning on Quick View allows you to view some account details without having to log into the Discover Bank Mobile App. It provides you a quick and easy snapshot of your account on the go. The information you will see depends on your account type.

Navigate to Profile & Settings in the Discover mobile app and select "Quick View." On the Quick View screen, you'll see an overview of how it works and the option to turn it on. To enable Quick View, you just need to turn the switch to "On." Once it's enabled, you can either tap on the "Quick View" button on the login page of the app or swipe the page to view your account information quickly.

Navigate to Profile & Settings in the mobile app and select "Quick View." On the landing page, slide the switch to "Off." Once it's turned off, the Quick View button will continue to appear but your account information will not be available. You can also call us at 1-800-290-9885 if you need to disable your Quick View settings.

Please note that if you disable Quick View yourself, it will only disable it from that specific device. You will need to disable it on all devices separately. However, if you call to have it disabled, it will be disabled from all devices at one time.

Yes. You can enable this setting on any device you use to access the Discover Mobile App.

In the event that your mobile device is lost or stolen, please call us immediately at 1-800-290-9885 to disable your Quick View settings.

Touch ID is a customized log in feature that allows you to access your account with your fingerprint instead of your login information or Passcode.

Touch ID is currently only available for the iPhone 5S or newer Apple iPhones with Touch ID technology.

In order to utilize Touch ID you must have the Passcode function enabled first. To manage your Passcode, log in to your account from the Discover Mobile App and select "Profile & Settings" from the menu on the left and select "Manage Login" from the sub-menu. Once your Passcode is enabled, the Touch ID key will appear in the lower left-hand corner of the Passcode screen when you log in again. If you already have the Passcode function enabled on your device, launch the Discover Mobile App, select "Profile & Settings" from the menu on the left and select "Manage Login" from the sub-menu. Choose Touch ID and you will be prompted to enter your passcode and scan your fingerprint to complete setup.

If you cancel out of the Touch ID pop-up box when launching the Discover Mobile App, you will land on the Passcode keypad for login, where you can choose the Touch ID option in the lower left-hand corner.

After 6 unsuccessful attempts, Touch ID will be temporarily disabled until you log into your device using the Passcode. Please make sure you have the correct fingerprint saved by going to the device "Settings" menu. After signing in with your Passcode, select "Profile & Settings" from the menu on the left and select "Manage Login" from the sub-menu. You can enable the "Touch ID" option, and the next time you launch the Discover Mobile App you will see the Touch ID option in the lower left hand corner to access your account with your fingerprint.

To manage the Touch ID option, select "Profile & Settings" from the menu on the left and select "Manage Login" from the sub-menu. Tap the "Touch ID" from the menu, and ensure the notification to the right indicates "Off."

After signing into the app with your Passcode, select "Profile & Settings" from the menu on the left and select "Manage Login" from the sub-menu. Tap the "Touch ID" from the menu, and ensure the notification to the right indicates "On." The next time you launch the Discover Mobile App there will be a Touch ID option in the lower left hand corner of the Passcode keypad.

Enabling Touch ID grants Discover access to validate your fingerprint against any of the fingerprints stored on this device. Discover does not store or maintain your fingerprint.

Funds Availability and Transfer Limits

For information about funds availability and transfer limits, please see section 15 in the Deposit Account Agreement.PDF Document

  • Inbound Transfer Limits are $250,000 per 30-day rolling period for each Account Center-registered owner, per product type.
  • Outbound Transfer Limits are $250,000 per 30-day rolling period for each Account Center-registered owner, per product type.
  • The limits above are subject to a combined incoming/outgoing limit of $300,000 per 30-day rolling period for each Account Center-registered owner, per product type (e.g., savings, money market, checking).

Additional restrictions may apply. See the Account Center (Banking) AgreementPDF Document for complete details.

Yes. Each time you log in, we will authenticate you with your user ID and password and your session will time-out after a period of inactivity.

No, Discover Bank will never send you an e-mail requesting you to reply directly in an e-mail with any personal information such as:

  • Account numbers
  • Account Center user ID or password
  • Birth date
  • Social security number

If you do receive a suspicious email, please forward it to: ebankalert@discover.com.

You will have the option to enroll in paperless statements during the online account opening process or from the "Accounts" tab when you are logged into your account. Please note that only Primary Accountholders can enroll for paperless statements.

Money Market, Savings, and Checking statements are available monthly. CD statements are available quarterly, and IRA CD statements are availably annually. You will receive an email when your statement is available.

If you are not enrolled in paperless statements, your paper statements for Money Market, Savings, and Checking accounts will be mailed to you at the completion of each statement cycle. Statements should arrive within 5-10 business days of your statement cycle date. CD statements will be sent quarterly and IRA CD statements will be mailed annually.

A POD Account is an account where a beneficiary has been named. Upon the death of the accountholder(s), the funds in the account will be distributed evenly to each beneficiary who survives the account holders(s) (or to his or her representatives as applicable).

Login to the Account Center at DiscoverBank.com, go to the Forms and Documents page and download the Add/Remove POD form. Click here to access a POD form directly.

Submit your form by mail or fax.

  • Fax: 1-801-996-2676
  • Mail: Discover Bank, PO Box 30416, Salt Lake City, UT 84130
  • Call us at 1-800-347-7000 to add or remove your beneficiaries by phone. We will need the following information when requesting to add beneficiaries by phone:.
    • Beneficiary Name
    • Beneficiary Date of Birth
    • Beneficiary Social Security Number
    • Beneficiary contact information including address and phone numbers

A Custodial Account is an account that is maintained by an adult (Custodian) for the benefit of a minor.

Note: We establish and maintain all custodial accounts under the Delaware Uniform Transfers to Minors Act.

Certificates of Deposit, Money Market accounts and Online Savings accounts can be opened as custodial accounts.

To apply for a Custodial account, call us at 1-800-347-7000. U.S.-based Banking Specialists are available 24/7 to assist you with completing your custodial account application.

The legal age in which a minor established on a Custodial Account opened under the Delaware Uniform Transfer to Minors Act becomes the sole owner of that account. If the account was opened on or after June 26, 1996, the age of majority is 21. If the account was opened prior to June 26, 1996, then the age of majority is 18.

You may only open a Cashback Checking Account online. Please click any "Open an Account" button on this page to begin the application process. If you have any questions during the opening process, please call our U.S.-based Banking Specialists 24/7 at 1-800-347-7000.

The minimum opening deposit is $25. Once your account is funded, there is no minimum balance requirement.

You should receive them within ten days after opening your account. Additionally, you will receive a Personal Identification Number (for your debit card), in a separate mailing, a few days after receiving your debit card. Once you receive your PIN, you can change it online in the Account Center or over the phone through our automated system at 1-800-347-7000.

All Discover credit card members and deposit account owners are eligible to apply for a checking account.

You are not required to maintain a monthly minimum balance.

There is no monthly maintenance fee or minimum balance requirement for a Cashback Checking Account. Below are the fees that apply to your account:

Cashback Checking Fee Chart
Deposited Item Returned (per item) $15
Stop Payment (per item to stop payment for 6 months) $15
Outgoing Wire Transfer $30
Insufficient Funds Fee (Maximum 1 per day) $30

See the Cashback Checking Account GuidePDF Document for more information.

To access and manage your account, please click here to log into the Account Center. You also can manage your account via our Discover Bank Mobile App.

Yes, funds on deposit at Discover Bank are FDIC-insured to the maximum allowed by law. For more information, click here to access complete details regarding FDIC-insurance.

You may reorder additional checks or deposit tickets online via the Account Center, or over the phone at 1-800-347-7000.

To request a stop payment on a check, contact us at 1-800-347-7000 with the check date, amount, number, and payee name (if available).

You can deposit funds to your Cashback Checking Account in the following ways:

  • Online transfer from an external bank account to your Cashback Checking Account
  • Through Direct DepositPDF Document
  • Deposit a check payable to you with Discover's Mobile Check Deposit Service using your mobile device. To learn more, click here.
  • Set up a Wire TransferPDF Document - please wire funds to:
    BNY Mellon Bank - Routing Number 43000261
    Discover Account - 9914394
    Further credit your name and Discover Bank account number
  • Mail a check that is made out to you with your account number on the memo line to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130

You can withdraw money from your Discover Cashback Checking® Account in the following ways:

  • FREE cash withdrawals at over 60,000 Allpoint® and MoneyPass® ATMs.
  • Use online and mobile ATM Locators to find a FREE ATM near you
  • Use your debit card at 415,000 ATMs nationwide, anywhere you see the Discover,® Diners Club® International® or PULSE® logo.
  • Discover will never charge you a fee to use an ATM; however, the owner of an ATM outside of the Allpoint® and MoneyPass® networks may charge a fee.
  • Use your debit card to pay for purchases wherever you see the Discover,® PULSE® or Diners Club International® logo
  • Choose additional cash over at participating retailers when you use your Discover debit card
  • Online transfer to an external bank account
  • Use online bill pay
  • Write a check
  • Request an official bank check
  • Wire Transfer (fee applies). To access the wire transfer form, click here.

*Please note that Travelers Checks are not accepted for deposit

You can activate your debit card online in the Account Center or by calling 1-877-347-4055. To activate your card online, you will need to log into your account. Once logged in, select the Customer Service option from the main navigation and click on "Activate Debit Card" under the Transaction Accounts section.

Not registered for the Account Center? Register Now

Once you receive your PIN, you can change it online in the Account Center or by using our automated system at 1-800-347-7000.

Use our ATM Locator, available online or use our Mobile App to find nearby ATMs, including free Allpoint® and MoneyPass® ATMs.

If your debit card is lost or stolen, please call us immediately at 1-800-347-7000.

60,000 ATMs through the Allpoint® and MoneyPass® networks are completely free of charge and can be found at a variety of locations including retailers such as Target, CVS,® Walgreens,® and Wal-Mart.® Use our online or mobile ATM Locator to find a free location nearby.

An owner outside of the Allpoint® and MoneyPass® networks may charge a fee. Discover will not charge you a fee for using your debit card at any ATM.

If you are at an Allpoint or MoneyPass ATM and it indicates you are being charged a fee, accept the fee and proceed with your transaction. Then notify Discover Bank by sending a message through our Secure Message Center or calling us at 1-800-347-7000.

Please provide the following information and we will credit your account for the fee.

  • Date and time of the transaction
  • ATM Location
  • Last four digits of your debit card
  • Amount of the fee you were charged

Your Discover debit card is accepted nationwide wherever you see the Discover, PULSE,® or Diners Club International® logos.

Cash over is available at participating retailers nationwide.

You can use your Discover debit card to withdraw cash at ATMs and make purchases at participating merchants in, Canada, Mexico and the Caribbean wherever you see the Discover, PULSE,® or Diners Club International® symbols.

Yes. The Discover ATM withdrawal limit is $510 per day. Some ATMs may have lower withdrawal limits, but you may complete multiple transactions until you meet the Discover withdrawal limit of $510 per day.

You may earn Cashback Bonus in the following ways on payments or purchases, up to 100 each month:

  • $0.10 for purchases made using your Discover Debit Card
  • $0.10 for bills paid using our Online Bill Payment service
  • $0.10 for checks you write that clear your account

The Cashback Bonus rewards from your credit card account and your checking account will be maintained separately. However, you will be able to transfer Cashback Bonus earned with your Cashback Checking Account to your Discover Credit Card Cashback Bonus Account in any amount.

You may view Cashback Bonus earned from your Discover Cashback Checking® Account in the Rewards Detail section in your online Cashback Checking account summary, and in your Cashback Checking statement.

Checking Cashback Bonus rewards transferred to a Discover Credit Card Cashback Bonus Account may be viewed in the "Rewards Details" in the Cashback Bonus Balance section in the online Discover Credit Card account summary and on your monthly Credit Card statement.

If your rewards have not posted correctly, please call us at 1-800-347-7000 to speak with one of our Banking Specialists.

You can redeem your Checking Cashback Bonus via the Account Center by selecting "Redeem Rewards" within your Cashback Checking Account Summary.

You can redeem your Cashback Bonus earned from your Discover Cashback Checking® Account for any amount in the following ways:

  • Redeem as cash via credit to your Cashback Checking Account
  • Transfer to a Discover Credit Card Cashback Bonus Account

Cashback Bonus earned from Discover Cashback Checking® accounts that are active and in good standing will never expire. For complete details, please see Section 12 in the current Deposit Account AgreementPDF Document.

Yes, we automatically transfer your Checking Cashback Bonus balance to the Checking Cashback Bonus bank linked to your new Discover Cashback Checking® Account.

Your bill payments, debit card transactions and checks are rewarded for normal everyday transactions. As noted in the Deposit Account Agreement, we reserve the right to adjust the amount of your rewards or close your account due to irregular, unauthorized or fraudulent activity in your Checking Account. For example, splitting up one standard monthly bill payment into several payments to receive $0.10 per payment is deemed as irregular activity as it's not standard bill payment practice. The same holds true for debit card transactions. Asking a merchant to swipe your debit card repeatedly for each item at checkout instead of using your debit card to make a complete purchase of items at one time is recognized as manufacturing transactions and not normal everyday debit card behavior.

Online Bill Pay is a free online service you can use to pay most companies and individuals via your Discover Cashback Checking® Account. For more information about Online Bill Pay, click here.

Click here to sign up for Online Bill Pay. Not registered for online banking? Click here to begin.

No. Discover Bank's Online Bill Pay service is offered at no charge.

You can use Online Bill Pay for your utilities, credit card payments, insurance premiums or other companies. You can also pay individuals, such as landlords, contractors, relatives, etc.

Yes, bill payments to individuals or organizations outside of the United States are not eligible for the Online Bill Pay service. In addition, payments that violate any law, statute, ordinance or regulation, and any payments related to illegal gambling, illegal gaming and/or any other illegal activity are prohibited through the service.

Also, payments to governmental agencies, including but not limited to, the Internal Revenue Service, all state and local tax authorities, collection agencies, as well as recipients of court-ordered payments like child support or alimony are highly discouraged and are not covered by our Bill Pay Protection policy in our Online Security Guarantee.

Bill payments are sent electronically or by check sent in the mail to your payee. Discover Bank guarantees that your bill payment will reach your Payee by the "Deliver By" date.

Most bills paid to companies are debited on the deliver by date. Bills paid to individuals are typically debited only after the check has been cashed by the payee.

One-time bill payments cannot be scheduled for delivery on a weekend or holiday. However, if a repeating bill payment is scheduled for a weekend or holiday, the payment will be initiated to the payee on the preceding business day.

An eBill is an electronic version of a paper bill that is viewable in the Bill Pay section in your account. If you are enrolled in eBills, you will have the ability to view and pay bills online anytime.

To sign up to have your bills sent electronically, you will need to log into your account and select the "eBills" option from the drop down menu under the Payments tab. Once on the bill payment page, select "Manage eBills" and choose the appropriate payee from the Request/Cancel eBills drop down menu.

Each payee determines whether or not they will support eBills. For questions about a particular payee's policy, please contact the payee directly.

To unenroll from an eBill, you will need to log into your account and select the "eBills" option in the drop down menu under the Payments tab. Once on the bill payment page, select "Manage eBills" and select the payee from the Request/Cancel eBills drop down menu.

Click here for more information and to open an account online. Additionally, you can call our U.S.-based Banking Specialists 24/7 at 1-800-347-7000 to open an account over the phone.

There is no minimum balance requirement.

You can access and manage your account online. Click here to login to your account. You can also access and manage your account via our mobile app available for Android and iPhone.® If you do not have an Android or iPhone smartphone, you can still access your account on your phone from DiscoverBank.com. Please remember your mobile device must be set up to access the Internet in order to use Mobile DiscoverBank.com.

Not registered for the Account Center? Register Now

Below are the fees associated with your Online Savings Account:

Online Savings Account Fee Schedule
Deposited Item Returned (per item) $15
Excessive Withdrawal
(per item)
$15
Stop Payment (per item to stop payment for 6 months) $15
Insufficient Funds (maximum 1 per day) $30
Outgoing Wire Transfer (domestic and international) $30

See the Online Savings Account GuidePDF Document for more information

Funds on deposit at Discover Bank are FDIC-insured up to the maximum allowed by law. For more information, visit our FDIC information page.

Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

Below are the transactions that count towards the six withdrawals or transfers per calendar month:

  • ACH Transfer
  • Wire Transfers (a fee applies)
  • Phone Transfers
  • Online Transfers
  • Online Bill Payments
  • Transfers to repay loans at Discover Bank

Here are your deposit options:

  • Deposit a check with Discover's Mobile Check Deposit using your mobile device. To learn more, click here.
  • Complete an online transfer from an eligible Discover Bank Account
  • Complete an online transfer from an external bank account
  • Set up Direct DepositPDF Document
  • Set up a Wire TransferPDF Document (fees may apply)-please wire funds to:
    • BNY Mellon Bank - Routing Number 043000261
    • Discover Account - 9914394
    • Further credit your name and your Discover Bank account number
  • Mail a check made payable to you with a deposit slip or your account number on the memo line to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130

*Please note that Travelers Checks will not be accepted for deposit.

You can withdraw money from your Savings Account in the following ways:

  • Online transfer to another Discover Bank Account or to an external bank account
  • Wire TransferPDF Document (a fee applies)
  • Request an Official Bank Check

Note: You may make up to six withdrawals from your Online Savings Account per calendar month, including preauthorized, automatic, and telephone transfers. There is no limit on the number of withdrawals by ATM or by Official Bank Check mailed to you. If you exceed these transaction limits during any calendar month, we may assess an Excessive Transaction Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

You will start to earn interest on the business day your deposit is received.

Interest is compounded daily and credited to your account monthly.

Click here to open an account, or you can call one of our U.S.-based Banking Specialists 24/7 at 1-800-347-7000.

The minimum opening deposit is $2,500.

  • Complete an online transfer from an eligible Discover Bank account
  • Complete an online transfer from an external bank account to your Money Market account
  • Set up Direct DepositPDF Document
  • Deposit a check with Discover's Mobile Check Deposit using your mobile device
  • Set up a Wire TransferPDF Document - wire funds to:
    • BNY Mellon Bank: Routing Number 043000261
    • Discover Account – 9914394
    • Further credit your name and your Discover Bank account number
  • Mail a check that is made payable to you with a deposit slip or your account number on the memo line to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130
  • Travelers Checks are not accepted for deposit

The minimum initial deposit is $2,500.

A minimum average daily balance of $2,500 is required for a Money Market account. If your average daily balance in a statement cycle (beginning with the third statement cycle) is below $2,500, there is a $10 minimum balance fee.

Below are the fees associated with your Money Market Account:

Money Market Fee Schedule
Minimum Balance Fee (Average Daily Balance per statement cycle under $2,500) $10
Deposited Item Returned (per item) $15
Excessive WithdrawalInfo
Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.
(per item)
$15
Stop Payment(per order to stop payment for six months) $30
Insufficient Funds (maximum 1 per day) $30
Outgoing Wire Transfer (domestic and international) $30

See the Money Market Account GuidePDF Document for more information

You can access and manage your account online. Click here to login to your account. You can also access and manage your account via our mobile app available for AndroidTM and iPhone.® If you do not have an Android or iPhone smartphone, you can still access your account on your phone from DiscoverBank.com. Please remember your mobile device must be set up to access the Internet in order to use Mobile DiscoverBank.com.

Not registered for the Account Center? Register Now

Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

Below are the transaction types that count towards the 6 withdrawals and transfer limit:

  • Checks written from your Money Market Account
  • Debit Card purchases
  • ACH Transfers
  • Wire Transfers (a fee applies)
  • Phone Transfers
  • Online Transfers
  • Online Bill Payments
  • Transfers to repay loans at Discover Bank

Please note that withdrawals by ATM and Official Bank Checks that are mailed to you do not count towards the limit.

Funds on deposit at Discover Bank are FDIC-insured up to the maximum allowed by law. For more information, visit our FDIC information page.

If you request a debit card and checks, you should receive them within ten days after your account is opened. Additionally, you will receive a Personal Identification Number (for your debit card), in a separate mailing, a few days after receiving your card. Once you receive your PIN, you can change it online in the Account Center or over the phone through our automated system at 1-800-347-7000.

You may reorder additional checks or deposit tickets online via the Account Center. You can also contact us at 1-800-347-7000 and a Banking Specialist can assist you with your order

To request a stop payment on a check, contact us at 1-800-347-7000 with the check's date, amount, number, and payee name (if available).

No, as of this time, we do not offer overdraft protection.

You can activate your debit card online at the Account Center or by calling 1-877-347-4055.

Your 4-digit PIN will be mailed to you separately from your debit card. Once you receive your PIN, you can change it online in the Account Center or by using our automated system at 1-800-347-7000.

Use our ATM Locator or use our Mobile App to find a nearby ATM, including free Allpoint® and MoneyPass® ATMs.

If your debit card is lost or stolen, call us at 1-800-347-7000 and a Banking Specialist will help cancel your old card and order a new card.

60,000 Allpoint® and MoneyPass® ATMs are completely free of charge. However, owners of a non-MoneyPass/Allpoint ATM may charge a fee.

Discover will not charge you a fee for using your debit card at any ATM.

If you are at an Allpoint or MoneyPass ATM and it indicates you are being charged a fee, accept the fee and proceed with your transaction. Then notify Discover Bank by sending a message through our Secure Message Center or calling us at 1-800-347-7000.

Please provide the following information and we will credit your account for the fee:

  • Date and time of the transaction
  • ATM location
  • Last four digits of your debit card
  • Amount of the fee you were charged

Your Discover debit card is accepted at participating merchants in the United States, Canada, Mexico and the Caribbean wherever you see the Discover,® PULSE,® or Diners Club International® logos.

Note: Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

Cash over is available at participating retailers nationwide.

Note: Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

You can use your Discover debit card to withdraw cash at ATMs and make purchases at participating merchants in Canada, Mexico and the Caribbean wherever you see the Discover,® PULSE,® or Diners Club International® symbols.

Note: Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

Yes. The Discover ATM withdrawal limit is $510 per day. Some ATMs may have lower withdrawal limits but you may complete multiple transactions until you meet the Discover withdrawal limit of $510 per day.

  • Complete an online transfer from an eligible Discover Bank account
  • Complete an online transfer from an external bank account to your Money Market account
  • Set up Direct DepositPDF Document
  • Deposit a check with Discover's Mobile Check Deposit using your mobile device
  • Set up a Wire TransferPDF Document - please wire funds to:
    • BNY Mellon Bank - Routing Number 043000261
    • Discover Account - 9914394
    • Further credit your name and Discover Bank account number
  • Mail a check that includes your account number, made payable to you or Discover Bank to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130
  • Travelers Checks are not accepted for deposit

You can withdraw money from your Money Market Account in the following ways:

  • Online transfer to an external bank account or another Discover Bank account
  • Online bill pay
  • Write a check
  • Request an official Bank Check
  • From over 60,000 ATMS through the Allpoint® and MoneyPass® networks
  • From any ATM nationwide where you see the Discover,® Pulse,® or Diners Club® International® logos(fees may apply)
  • Cash over at participating retailers
  • Wire Transfer (a fee applies)

Click here to locate an ATM near you.

Note: Federal law limits the number of certain types of withdrawals and transfers from a Money Market or Online Savings Account to a combined total of six per calendar month per account. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limitations during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

You will start to earn interest on the business day we receive your deposit.

Interest is compounded daily and credited to your account monthly.

Online Bill Pay is a free online service you can use to pay most companies and individuals via your Discover Money Market Account. For more information about Online Bill Pay, click here.

Click here to sign up for Online Bill Pay. Not registered for online banking? Click here to begin.

No. Discover Bank's Online Bill Pay service is offered at no charge.

You can use Online Bill Pay for your utilities, credit card payments, insurance premiums or other companies. You can also pay individuals, such as landlords, contractors, relatives, etc.

Note:You may make up to six withdrawals from your Money Market Account per calendar month, including preauthorized, automatic and telephone transfers, debit card purchases, and checks. There is no limit on the number of withdrawals by ATM or by Official Check mailed to you. If you exceed these transaction limits during any calendar month we may assess an Excessive Withdrawal Fee or refuse to pay each transaction in excess of the limitations. If you exceed these limits on more than an occasional basis, we reserve the right to close your account.

Yes, bill payments to individuals or organizations outside of the United States are not eligible for the Online Bill Pay service. In addition, payments that violate any law, statute, ordinance or regulation, and any payments related to illegal gambling, illegal gaming and/or any other illegal activity are prohibited through the service.

Also, payments to governmental agencies, including but not limited to, the Internal Revenue Service, all state and local tax authorities, collection agencies, as well as recipients of court-ordered payments like child support or alimony are highly discouraged and are not covered by our Bill Pay Protection policy in our Online Security Guarantee.

Bill payments are sent electronically or by check sent in the mail to your payee. Discover Bank guarantees that your bill payment will reach your Payee by the "Deliver By" date.

Most bills paid to companies are debited on the deliver by date. Bills paid to individuals are typically debited only after the check has been cashed by the payee.

One-time bill payments cannot be scheduled for delivery on a weekend or holiday. However, if a repeating bill payment is scheduled for a weekend or holiday, the payment will be initiated to the payee on the preceding business day.

An eBill is an electronic version of a paper bill that is viewable in the Bill Pay of the Account Center. If you are enrolled in eBills, you will have the ability to view and pay bills online anytime.

To sign up to have your bills sent electronically, you will need to log into your account and select the “eBills” option from the drop down menu under the Payments tab. Once on the bill payment page, select “Manage eBills” and choose the appropriate payee from the Request/Cancel eBills drop down menu.

Each payee determines whether or not they will support eBills. For questions about a particular payee's policy, please contact the payee directly.

To unenroll from an eBill, you will need to log into your account and select the "eBills" option in the drop down menu under the Payments tab. Once on the bill payment page, select "Manage eBills" and select the payee from the Request/Cancel eBills drop down menu.

The minimum initial deposit is $2,500.

Yes. We allow a range of account ownership types including Trust, Custodial, Guardian, and Estates. To open one of these account types, please call us at 1-800-347-7000 and a Banking Specialist will assist you.

You can fund your CD Account in the following ways:

  • Online transfer from an eligible Discover Bank Account or an external bank account
  • Phone Transfers (available for initial funding only)
  • Wire TransferPDF Document (fees may apply)
  • Mail a check that includes your CD Account number, made payable to you to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130

*Please note that Travelers Checks will not be accepted for deposit.

Fees that you could incur with your CD Account include a $30 Wire Transfer Fee and early withdrawal penalties listed below.

The Early Withdrawal Penalties are as follows:

For CDs opened or renewed through 3/14/13
  • <1 year: 3 months simple interest on principal amount withdrawn
  • 1 year-5 years: 6 months simple interest on principal amount withdrawn
  • 6+ years: 9 months simple interest on principal amount withdrawn
For CDs opened or renewed from 3/15/13 through 2/16/14:
  • <1 year: 3 months simple interest on principal amount withdrawn
  • 1 year-3 years: 6 months simple interest on principal amount withdrawn
  • 4 years-6 years: 9 months simple interest on principal amount withdrawn
  • 7+ years: 15 months simple interest on principal amount withdrawn
For CDs opened or renewed on or after 2/17/14:
  • <1 year: 3 months simple interest on principal amount withdrawn
  • 1 year-3 years: 6 months simple interest on principal amount withdrawn
  • 4 years: 9 months simple interest on principal amount withdrawn
  • 5 years-6 years: 18 months simple interest on principal amount withdrawn
  • 7+ years: 24 months simple interest on principal amount withdrawn

*Please note that in some cases, the Early Withdrawal Penalty may reduce the principal in the CD

Please see the Discover CD Account GuidePDF Document for more information.

Yes, funds on deposit at Discover Bank are FDIC-insured up to the maximum allowed by law. For more information, visit our FDIC information page.

Yes. Click here to log into your account. Once logged in, select your CD Account on the "Account Summary" page. Your maturity date will be displayed in the CD account details.

Not registered for the Account Center? Register Now

We will send you a notification 30 days before your CD matures. When your CD matures, you may make a deposit or withdrawal and change the term of your CD during the grace period. The grace period lasts for 9 days immediately following the maturity date. Your CD will automatically renew if you don't take any action during the grace period and interest withdrawn on the account will not affect the grace period. Any term change, deposit, or withdrawal of principal during the grace period will end the grace period. In some cases, the Early Withdrawal Penalty may reduce the principal in the CD.

No. You will not receive a certificate for your CD, however, you will receive a welcome kit when you open your account, and you can access your account information anytime via the Account Center.

Not registered for the Account Center? Register Now

You can fund your CD Account in the following ways:

  • Online transfer from an eligible Discover Bank Account or an external bank account
  • Phone Transfers (available for initial funding only)
  • Wire Transfer(fees may apply)
  • Mail a check that includes your CD Account number, made payable to you to:
    Discover Bank
    PO Box 30417
    Salt Lake City, UT 84130

*Please note that Travelers Checks will not be accepted for deposit.

Additional deposits cannot be made during the term of any CD. However, once your CD matures, you can deposit additional funds once during the grace period.

You can withdraw money from your CD Account in the following ways:

  • After your CD maturity date, there is a grace period of 9 days when you can make changes to your CD, including a withdrawal without an Early Withdrawal Penalty. Please note that any term change, deposit, or withdrawal of principal during the grace period will end the grace period.
  • Interest can be withdrawn from your CD at any time without a penalty.
  • Principal withdrawals can be made outside of the grace period, however, an Early Withdrawal Penalty will apply.

The Early Withdrawal Penalties are as follows:

For CDs opened or renewed through 3/14/13
  • <1 year: 3 months simple interest on principal amount withdrawn
  • 1 year-5 years: 6 months simple interest on principal amount withdrawn
  • 6+ years: 9 months simple interest on principal amount withdrawn
For CDs opened or renewed from 3/15/13 through 2/16/14:
  • <1 year: 3 months simple interest on principal amount withdrawn
  • 1 year-3 years: 6 months simple interest on principal amount withdrawn
  • 4 years-6 years: 9 months simple interest on principal amount withdrawn
  • 7+ years: 15 months simple interest on principal amount withdrawn
For CDs opened or renewed on or after 2/17/14:
  • <1 year: 3 months simple interest on principal amount withdrawn
  • 1 year-3 years: 6 months simple interest on principal amount withdrawn
  • 4 years: 9 months simple interest on principal amount withdrawn
  • 5 years-6 years: 18 months simple interest on principal amount withdrawn
  • 7+ years: 24 months simple interest on principal amount withdrawn

*Please note that in some cases, the Early Withdrawal Penalty may reduce the principal in the CD

Please see the Discover CD Account GuidePDF Document for more information.

You can allow the interest earned to remain in your account and take advantage of compounding or have the interest transferred to an eligible Discover Bank Account.

You will start to earn interest on the business day your deposit is received.

If we receive your deposit within 10 days of submitting your application, you will receive the highest interest rate offered on one of these dates: the date you submit your application, the date your account is opened or the date we receive your funding deposit. If we receive your deposit after 10 days, you will receive the current interest rate on the date your deposit is received. Please note that if we don't receive funding within 45 days, your CD Account will be closed.

Interest is compounded daily and credited to your account monthly.

When choosing which type of IRA to open, you should consider factors such as your taxable income, age, and Tax Filing Status. You may want to consult a financial advisor or tax professional to help you determine which type of IRA is best suited to your needs. You can also call our IRA Specialists at 1-800-347-7000 to discuss available products.

Some contributions to Traditional IRAs are tax deductible and most distributions are taxable. A Roth IRA is a retirement plan for contributions made with after tax dollars. Contributions are nondeductible and all qualified distributions are tax free.

Yes. However, a conversion from a Traditional IRA to a Roth IRA may have tax consequences. Consult a financial adviser or tax professional for guidance. For assistance in completing a conversion, please contact an IRA specialist at 1-800-347-7000.

A Traditional IRA may be converted to a Roth IRA as a direct or indirect conversion. In a direct conversion you never have access to your money. It is sent bank to bank and directly placed into a Roth IRA on your behalf. An indirect conversion is similar to a Rollover. You will receive a check made payable to you that can be deposited into your new Roth IRA account.

Consult a financial advisor or tax professional for guidance. For assistance in completing a conversion, contact an IRA Specialist at 1-800-347-7000 for additional information.

When you transfer an IRA, the funds are moved directly from one financial institution to another. The transfer check is made payable to your financial institution for your benefit. Because you don't handle the funds directly, the transaction is not considered a distribution. There is also no limit to the number of transfers you can make.

When you rollover funds, you receive the funds through a distribution from your IRA, and then you have 60 days to deposit the funds into another IRA or other retirement plan in order to avoid tax consequences. IRA owners are limited to only one IRA-to-IRA rollover in any 12 month period.

For both transfers and rollovers, funds need to be moved between the same type of IRA account. For example if you have a Traditional IRA you can only transfer or rollover funds from another Traditional IRA.

Rollovers and transfers are not counted toward your annual IRA contribution limits.

IRA owners are limited to only one IRA-to-IRA rollover in any 12 month period and you can rollover as much money as you want.

Yes, you can have both Traditional and Roth IRA accounts at Discover Bank. Your Traditional IRA accounts will be grouped into and administered under a single Traditional IRA plan, and Roth IRA accounts will be grouped into and administered under a single Roth IRA plan. Additionally, if you maintain Inherited IRA accounts, they will also be in separate plans because they need to be titled separately.

You may not contribute more than the annual allowable maximum across all of your Traditional and Roth IRA accounts at all of your financial institutions.

Yes, you can contribute to both plan types. Your annual contribution can be divided between both types as long as you meet the eligibility requirements for each IRA type. For advice on the best way to contribute, you may want to consult a financial advisor or tax professional. For general questions and information regarding your IRA Accounts, you can call our IRA Specialists at 1-800-347-7000

Yes. We encourage all of our IRA account holders to designate at least one beneficiary by completing a beneficiary form.PDF Document We also suggest updating your beneficiary information on a regular basis. If a beneficiary is not designated, any beneficiary payment will generally go to the IRA owner’s estate, which is subject to any applicable community property state law requirements.

The minimum initial deposit to open an IRA CD account is $2,500.

You can fund

Info

your IRA account in the following ways:

  • Call us at 1-800-347-7000 to provide funding instructions
  • Initiate a Bank to Bank transfer of an existing IRA
  • Initiate a direct or indirect rolloverPDF Document of an existing IRA
  • Wire TransferPDF Document (fees may apply)
  • Mail a check that includes your account number, made payable to you to:
    Discover Bank
    PO Box 30418
    Salt Lake City, UT 84130

*Please note that Traveler Checks will not be accepted for deposit.

See the IRA CD Account GuidePDF Document for more information regarding fees applicable to your IRA CD. Please note that in some cases, the Early Withdrawal Penalty may reduce the principal. You may want to contact a financial advisor or tax professional for further information regarding tax consequences. We do not assess an Early Withdrawal Penalty for a Required Minimum Distribution (RMD).

Loans may not be taken from IRA CDs and there are limited circumstances when you may withdraw from the account before age 59½ from either a Roth or Traditional IRA without penalty. You may want to consult a financial advisor or tax professional. You may also contact our IRA Specialists at 1-800-347-7000 for more information regarding when an Early Withdrawal Penalty will apply to your distributions made outside of the IRA CD grace period.

Click herePDF Document to access the IRA Request for Distribution form. You can submit the completed form to us by mail, fax, or through our Secure Document Upload when you are logged into the Account Center. For other questions regarding your IRA CD Account, please call us at 1-800-347-7000 to speak with one of our IRA Specialists.

  • Fax: 1-801-996-2683
  • Mail:
    Discover Bank
    PO Box 30418
    Salt Lake City, UT 84130

In some cases, the Early Withdrawal Penalty may reduce the principal in the IRA CD. You may want to contact a financial advisor or tax professional for further information regarding tax consequences.

Yes. Funds on deposit at Discover Bank are FDIC-insured up to the maximum allowed by law. For more information, visit our FDIC information page.

Yes. Funds may be moved into an IRA CD from any qualified retirement account. This transaction is done via a Direct or Indirect Rollover. You may want to consult a financial advisor or tax professional. You may also call our IRA Specialists at 1-800-347-7000 for more information.

We will send a notification 30 days before your IRA CD matures. When your IRA CD matures, you may make a deposit or withdrawal and change the term of your IRA CD during the grace period. The grace period lasts for 9 days immediately following the maturity date. Your IRA CD will automatically renew if you don't take any action during the grace period. Any term change, deposit, or withdrawal of principal during the grace period will end the grace period. Interest withdrawals will not affect the grace period.

In the event you want to add prior or current year funds to your IRA CD during the grace period, you will need to submit the appropriate contribution form designating the tax year for your deposit. If you are moving IRA funds at other financial institutions to your Discover IRA CD during the grace period, you will need to timely submit the appropriate correctly completed rollover or transfer form. If you decide to close your IRA CD account or take a partial distribution during the grace period, you will need to submit the appropriate correctly completed distribution form.

Yes. You will receive a confirmation letter when your IRA CD automatically renews.

You will not receive a paper certificate for your IRA CD; however, you will receive a welcome kit when you open your IRA CD. You can access your IRA CD information anytime via the Account Center.

IRA CD statements are sent annually in January. We encourage you to register for access to the Account Center so that you can view your account between statements.

Consult a financial advisor or a tax professional to help you determine exactly how much of your IRA contribution is tax deductible.

Traditional and Roth IRA plans offer multiple options for beneficiary distribution. There are several rules concerning required minimum distributions (RMDs) to beneficiaries. The rules apply considerations such as the age at time of death. Please note that RMD rules in the event of account owner death are different from RMD rules when the account owner turns 70 ½. For example, the beneficiary may be required to satisfy the IRA CD owner’s RMD prior to making the RMD for the chosen beneficiary option. Consult a financial advisor or tax professional to help you determine the rules concerning distributions to beneficiaries.

Any contributions made during the tax year will be reported on form 5498. Additionally, any Rollovers, Conversions, Recharacterizations and the fair market value are also reported on form 5498. We will send Form 5498 to you and the IRS by May 31. Any distributions made from your IRA during a tax year will be reported on form 1099-R.We will send Form 1099-R to you by January 31.

You can fund

Info

your IRA CD account in the following ways:

  • Call us at 1-800-347-7000 to provide funding instructions
  • Initiate a Bank to Bank transfer of an existing IRA
  • Initiate a direct or indirect rolloverPDF Document of an existing IRA
  • Wire TransferPDF Document (fees may apply)
  • Mail a check that includes your account number, made payable to you to:
    Discover Bank
    PO Box 30418
    Salt Lake City, UT 84130

*Please note that Traveler Checks will not be accepted for deposit.

Additional deposits cannot be made during the term of any IRA CD. However, once your IRA CD matures, you can deposit additional funds once during the grace period. In the event you want to add prior or current year funds to your IRA CD at the time of maturity, you will need to submit the appropriate correctly completed contribution form in a timely manner designating the tax year for your deposit. If you are combining other IRA CDs and contributing them to your Discover IRA CD at the time of maturity, you will need to submit the appropriate rollover or transfer form. If you decide to close your account or take a partial distribution at the time of maturity, you will need to submit the appropriate correctly completed distribution form in a timely manner.

You will start to earn interest on the business day your deposit is received. However, if we receive a check deposit before your account is opened, interest will begin to accrue on the deposit on the business day your account is opened. Please note that an IRA account is not considered open until we receive all required plan documentation.

Interest is compounded daily, credited to your account monthly, and calculated on a 365-day basis.

Required Minimum Distribution (RMD)

Yes. We require that all distributions be requested using the distribution formPDF Document or 701/2 election formPDF Document. You should submit your requests for RMDs by December 15 to ensure adequate time for processing by the December 31 deadline.

To access the distribution form, click herePDF Document. To access the 701/2 election form click herePDF Document.

You can submit the completed form to us by mail, fax, or through our Secure Document Upload when you are logged into the Account Center. Please remember you should mail all forms by December 15 to guarantee processing by the December 31 deadline.
Discover Bank
PO Box 30418
Salt Lake City, UT 84130
Fax: 1-801-996-2683

We will process your RMD request upon receipt and you should expect to receive your distribution within 10 business days.

The deadline to submit a correct and complete distribution form for RMD is December 15. We cannot guarantee forms received after December 15 will be processed by the December 31 deadline.

You can fulfill your RMD requirements from a Traditional IRA or combination of Traditional IRAs at any financial institution(s).

Financial institutions typically send notices early in the year to advise IRA customers of their RMD requirements, including withdrawal amount required. Discover Bank notifies IRA owners of RMD requirements on the IRA annual statement and on form 5498. You can access and view form 5498 as well as your account statement online when you log into the Account Center.

If you did not receive these forms from us or have misplaced them, please call us at 1-800-347-7000.

Federal and State withholding will be applied where required by federal and/or state laws. In some cases, you will be able to indicate that you prefer no withholding or more withholding than is required. You will always be responsible for the income tax obligations of distributions from your IRA accounts. You may want to consult a financial advisor or tax professional to make sure your withholding elections are right for you. If you fail to waive or designate withholding elections on the distribution form, we will process the minimum required for Federal and State according to the IRS guidelines.

If you are required to take an RMD, failing to do so may result in tax consequences from the Internal Revenue Service (IRS). For more specifics regarding the consequences, you may want to consult a financial advisor or tax professional. For general questions and information regarding your IRA, please call our IRA Specialists at 1-800-347-7000.

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