Can't beat the Discover Bank Money Market account. Good rate of return, total liquidity and check writing. What more could I ask for?- ChiTownKen Feb. 2015
(in the U.S.)
(for replacement card)
|Deposited item returned||$15
|Insufficient funds fee
(1 fee max/day)
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SIMPLE TO START
We'll need your address, phone, email and social security number (or other taxpayer ID).
Open with as little as $2,500. You can send us a check or transfer funds from an existing bank account.
We'll send a confirmation email, then watch for your Welcome Kit.
1-800-347-7000 to have one of our U.S.-based Banking Specialists help you open an account.
Advantages of Saving with a Money Market Account
A money market account is a good choice if you want to protect your money from inflation...Read MoreAbout Advantages of Saving with a Money Market Account
The minimum opening deposit is $2,500.
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.
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.
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