MAKE IT COUNT
Money Market Account
|$100,000 and over|
|$50,000 - $99,999|
|$25,000 - $49,999|
|$10,000 - $24,999|
|$5,000 - $9,999|
|$2,500 - $4,999|
|$0 - $2,499|
I opened a money market account and love the ease in which I can make deposits and transfer funds both internally and externally.-Moonwalker, Aug. 2015
(in the U.S.)
(for replacement card)
|Deposited item returned||$15
Excessivewithdrawal fees Info
|Insufficient funds fee
(1 fee max/day)
SET A GOAL
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How much can you afford to save each month?
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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.
You will need to log in to your account to sign up for Online Bill Pay. Once you are logged in, select "Make a Bill Payment" from the Payments drop down.
No. Discover Bank's Online Bill Pay service is offered at no charge.
Note: There is a maximum limit of six (6) withdrawals and transfers per calendar month from money market accounts. If you exceed the maximum withdrawals or transfers we may assess an excessive withdrawal fee or refuse to pay each transaction in excess of the limits. If you exceed the transaction limitations on more than an occasional basis, we reserve the right to close your account or change your account to a checking account.
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: 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.
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.
Your bill payments may be processed using one of several methods: electronic payment, single check, or laser draft check. Both the single and laser draft checks result in a physical check being mailed to the payee. Discover Bank guarantees that your bill payment will reach your Payee by the "Deliver By" date. Single checks are only valid for 90 days.
An "electronic payment" means funds are withdrawn immediately from your account and sent electronically (via the Automated Clearing House (ACH)) to 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.
The term eBill stands for "electronic bill" and is an electronic version of your paper bill delivered to you automatically through the Account Center. Once enrolled for 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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