can i use my discover card at an atm

Large ATM network. The Discover debit card is accepted at 415,000 ATMs in the U.S overall. Account-holders can make withdrawals at no charge at some 60,000. They do not accept Mastercard, American Express, or Discover cards. Credit card type, Accepted at Costco? Visa, Yes. Mastercard, No. American. What ATMs can I use with Discover? Discover, for example, has more than 60,000 no-fee ATMs in its partner network, which spans retailers.

: Can i use my discover card at an atm

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How to get a Discover card cash advance

Discover credit card owners can get cash from their revolving line of credit from an ATM, a bank teller or a cash deposit to your checking account. However, this is an expensive option with high fees and interest that accrues from the day you make your transaction. Because of that, try to keep this option for emergencies only.

To get a Discover card cash advance, first you need a Discover credit card. Then you have four cash advance options:

  • Cash withdrawal from an ATM
  • Cash withdrawal from a bank teller
  • Cash deposit to your checking account
  • Cash access checks (check your eligibility by logging in to your online account)

How to get a Discover card cash advance from an ATM

If your preferred cash advance option is an ATM cash withdrawal, here’s what to do:

  1. Log in to your online Discover card account.
  2. If you don’t already have one, create a PIN by clicking create or change your PIN.
  3. Visit one of the participating 400,000 ATMs and insert your card.
  4. Choose your cash withdrawal amount.

How to get a Discover card cash advance from a bank

As an alternative, you can make a cash withdrawal at a participating bank or a credit union. Keep in mind, participating banks may change, so make sure you call your local branch and ask if you can make a cash advance with your Discover card.

Here’s how to get an over-the-counter cash advance:

  1. Visit a participating financial institution.
  2. Provide your Discover card and a photo ID.
  3. Request a cash advance.

As of this writing, these banks and institutions allow you to make a cash advance with your Discover card:

  • Arvest Bank
  • Bank of the West
  • BB&T
  • BMO Harris
  • Capital One Bank
  • Citibank
  • Citizens Bank
  • Compass Bank
  • FCF Bank
  • Fifth Third Bank
  • First National Bank
  • HNB
  • Key Bank
  • M&T Bank
  • Santander Bank
  • Suntrust Bank
  • TD Bank
  • Trustmark
  • US Bank
  • Wells Fargo

How to get a Discover card cash access checks

First, log in to your online account and check if you’re eligible. If you are:

  1. Call 800-DISCOVER (800-347-2683).
  2. Or visit Discover.com/checks.
  3. Request a cash access check.

Discover considers the following credit card transactions to be cash advances:

  • Cash access check
  • Cash deposit to your checking account
  • Cash withdrawal from an ATM or a bank teller
  • Casino chips
  • Foreign currency
  • Lottery tickets
  • Money orders
  • Online gambling

Discover comes with one of the highest cash advance fees. Because of that, it’s recommended that cash advances should be used as a last resort. The cost of Discover cash advance is:

  • A 5% fee of the amount with a $10 minimum.
  • The average cash advance APR is 26.99% but it could vary between cards.

This means a $500 cash withdrawal from an ATM would cost $25 in fees right off the bat. If the ATM has additional fees, can i use my discover card at an atm could be another $3 on top. With the current interest rates, your $528 cash advance plus fees would cost around $11 in interest if you pay it off after 30 days. Here’s a quick breakdown:

Amount$500
Cash advance fee$25
ATM fee$3
30-day cash advance APR$3 to $11, depending on creditworthiness and credit card
Total$528 to $539

Cash advances are a last resort

Given the large number of fees and unforgiving interest rates on cash advances, you should view them strictly as a last resort for cash. You can use our cash advance calculator to determine just how much a cash advance could cost you.

If you think you’re heading into a situation where you’ll need financial help, look at other financial options before you turn to cash advances. Some strong alternatives include 0% APR credit cards and balance transfer credit cards. These cards can help you stay afloat financially and keep interest at bay during the introductory period.

Read more about cash advances from different banks

Discover cash advances are expensive. Use them only in emergencies and if you can’t get a cheaper cash option.

If you’re looking for cards with low cash advance fees and interest, compare such credit cards and choose the one that meets your needs.

  • Can I make an ATM cash withdrawal without a PIN?
    No, you have to request a PIN or create one yourself before you can use your Discover card at an ATM.
  • What if I forgot my Discover card PIN?
    Log in to your online Discover card account and create a new one.
  • What is my Discover card cash advance limit?
    Your cash advance limit is the same as your card’s available credit limit.
  • Do cash advances earn reward points?
    No, cash advances and balance transfers don’t earn reward points.
  • What is a cash access line?
    A cash access line is essentially your cash advance limit. This is how much cash you’re allowed to withdraw from your credit account.
Источник: https://www.finder.com/discover-card-cash-advance

How Ways To Avoid Discover Monthly Maintenance Fees

Banking is a business. And business is booming. Bank customers forked over $1 billion in bank maintenance fees in 2018. How much you pay in maintenance fees depends on who you bank with. Many traditional banks have the usual maintenance fees, like monthly service and overdraft penalties. Some online banks, like Discover Bank, don’t have monthly maintenance fees, however. But then what fees do they have?

In this guide, you will learn:

What Are Discover Bank Checking Account Fees?

Monthly checking account fees are rates your bank charges to maintain the account. The fees are usually pretty cheap, and some banks even waive the fees if certain requirements aren’t met. But say a monthly maintenance fee is $10. That’s still $120 out of your pocket to keep the account open annually.

Discover Bank only offers one checking account, the Discover Cashback Debit account.

Discover Bank Checking Accounts
AccountMonthly Service FeeEarns Interest
Cashback DebitN/ANo
Information accurate as of November 17, 2021.

One account, no fee. A checking account not having a monthly maintenance fee isn’t uncommon, but how do Discover’s other fees compare?

Discover Bank Checking Account Fees
FeeCost
Out-of-Network ATMN/A, but may be charged by the ATM network
OverdraftN/A
Foreign Exchange RateN/A
Wire Transfers$30 for outgoing wire transfers
Debit Card ReplacementNo Fee for Expedited Delivery
Information accurate as of November 17, 2021.

Discover emphasizes on its website that there are no hidden fees can i use my discover card at an atm with the Discover Cashback Debit checking account. And on its account agreement, Discover states that it does not charge fees for:

  • Insufficient funds or overdrafts
  • Excessive withdrawals on money market and savings accounts
  • Going below a minimum balance
  • Stop payment orders
  • Replacement debit cards
  • Check orders

There are two technicalities you need to be aware of, though:

  1. There’s a service charge of $30 for outgoing wire transfers made from your Discover account.
  2. Although Discover can i use my discover card at an atm penalize you for using an ATM outside of its 60,000 machine network, you might be charged a fee by the ATM itself.

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What Are Discover Bank Savings Account Fees?

Savings account fees are the savings account version of checking account fees. And like checking account fees, some banks will waive your savings account service fee if certain requirements are met.

Discover Bank also only has one savings account, its Discover Online Savings account.

Discover Bank Savings Account
AccountMonthly Service FeeAPY
Online Savings AccountN/A0.40%
Information accurate as of November 17, 2021.

There’s no need to pay a monthly service fee for online bank accounts, which is one of their biggest draws. Plus, since there are no overhead fees associated with maintaining bank branches and employees, the Discover savings account yield is much higher than the national average of 0.07% annual percentage yield.

How Internet Banking Went Mainstream: History of Online Banking

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Discover bank
How To Avoid Discover Bank’s Monthly Maintenance Fees

Since your Discover account doesn’t carry any monthly maintenance fees, you have nothing to worry about.

But how to freeze debit card td bank if another of your accounts has a maintenance fee, it’s worth pointing out that many banks offer ways around them. The provisions for waiving your monthly service fee usually fall into one of the following categories:

  1. Maintain a minimum daily balance.
  2. Maintain a set balance between multiple accounts.
  3. Make a qualifying direct deposit (usually much higher than the minimum opening deposit).
  4. Post a certain number of debit card transactions.
  5. Link your checking or savings account to another account within your bank.

Regarding student account holders, some banks waive the maintenance fee depending on the customer’s age.

Related: 13 Banking Fees You Should Never Pay

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How To Avoid Discover Bank’s Overdraft Fees

Discover Bank’s checking account doesn’t have overdraft fees you have to worry about. And while no penalty is a good penalty, you still have to worry about having the proper amount of funds in your account for purchases. That’s where overdraft protection comes in.

Overdraft protection acts as a failsafe in the event your account has insufficient funds by withdrawing the funds from a designated account that has the money. In other words, the “protected” account is funded by a funding account. Many people sign up for overdraft protection to avoid the hefty fee that comes with it, which is usually above $30. If you chose to set up a savings account as the funding account, however, you are still beholden to the limited six transfers per billing cycle before incurring an excessive withdrawal penalty.

Luckily, Discover doesn’t charge an excessive withdrawal penalty either.

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How To Avoid Discover Bank’s ATM Fees

Discover will not charge you a fee for using an out-of-network ATM. And with 60,000 ATMs in-network, you should be able to find one near you using Discover Bank’s ATM locator on its website. As noted before, you’ll still have to pay an ATM fee set by the network of whichever machine you choose to use outside of Discover’s purview.

Compare: Guide To Daily ATM Withdrawal Limits and Debit Purchase Limits

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How Discover Bank’s Account Fees Compare With Other Banks

At first glance, Discover’s lack of fees sounds too good to be true. But is it? Here’s how Discover compares with the fees set by the country’s biggest banks.

Fees at Discover Bank and Other Banks
FeeDiscover BankBank of AmericaChaseCitibankU.S. BankWells Fargo
Monthly MaintenanceN/AUp to $25Up to $25Up to $30Up to $24.95Up to $30
Out-of-Network ATM WithdrawalDepends on the machineIn U.S.- $2.50

Outside U.S.-$5

In U.S.- $2.50

Outside U.S.-$5

$2.50; additional 3% fee for transactions made outside U.S. and Puerto Rico$2.50 OR 3% of transaction if outside U.S.In U.S.- $2.50

Outside U.S.-$5

OverdraftN/A$35$34$34$36$35
Excess TransactionsN/A$10$5No fee; account restriction or closure possible if you withdraw three times over the limit$15$15
Stop Payment0.00$30$30, or $25 if done online or phone$30$35$31
Wire Transfer$30Varies$15-50$17.50-$45.50$20-$50Varies
International Debit PurchaseN/A3% of transaction3% of transaction3% of transaction3% of transaction3% of transaction
Card ReplacementN/A$5 or $15 for rush deliveryFree or $5 for rush deliveryFree or $6 for rush deliveryFree, but $25 for rush deliveryFree
Information accurate as of November 17, 2021.

As you can see, a Discover account might just save you more money, in the long run, thanks to the bank’s fee-free philosophy. The only category where Discover falters a bit is when it comes to wire transfers, but even then, $30 is cheaper than some of the potential charges wrought by other banks.

Learn: How Much Monthly Banking Fees Cost Americans

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Getting the Most Out of Your Discover Bank Account

Discover Bank already lets you make the most of your online banking experience thanks to its no-fee accounts. Fees can seriously cut into your financial and savings goals if you’re not careful about how you manage your money. Having accounts with no fees can offer you a lot of flexibility in how to approach that. For example, since there’s no minimum deposit to open either a checking or savings account, you can just open both at the same time and begin funding your accounts when you feel ready. Also, as noted before, you safely use your savings account as your overdraft protection account, since there is no fee for excessive withdrawals.

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More on Discover Bank

More on Avoiding Monthly Fees

Rates are subject to change. Information on accounts is accurate as of April 21, 2020.

This content is not provided by Discover Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Discover Bank.

Information is accurate as of Nov. 17, 2021.

Источник: https://www.gobankingrates.com/banking/banks/how-to-avoid-discover-monthly-maintenance-fee/

List of Stores that Give Cash Back on Debit Cards in 2021

Editorial Note:
The content on FinancialFreedom.guru is created through our research and is our opinion. We base our opinion on data research and personal experience. There is no guarantee that our advice will work. Please use at your discretion as there is no warranty implied to stated.We manually collect data. It can be out of date or not complete.

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Debit Card Cash Back Near Me

Update –01/13/2021 [List of Stores that Give Cash Back on Debit Cards in 2021]

Isn’t it great to shop at your favorite store and withdraw the cash you need while making a purchase? Some stores allow you to receive debit card cash back without visiting the bank or ATM. Let’s explore how you can get cash back and what shops near you let you do this.

How Can I Get Debit Card Cash Back Near Me?

When you use your debit card while shopping at a store, you may be allowed to get physical cash back. You can just withdraw cash from your checking account while paying for your purchases. In most cases, you won’t have to pay a fee.

Follow these instructions:

  • Use the card reader and enter your PIN.
  • Choose that you’d like your purchases to be processed as debit. If you select the credit option, you won’t get the cash back.
  • You will be asked if you want to get cash back. Enter “Yes.”
  • Choose or enter the amount of cash back you want.
  • When the transaction is over, you will be charged for the purchase. The cash withdrawal amount will be added to the charge.
  • You will get the receipt and the cash back you asked for.

Is Getting Debit Card Cash Back at Stores Near Me Always Free?

No, it’s not. Some stores require a minimum purchase amount before they allow you to get debit card cash back. Sometimes you’ll have to buy things you don’t need. In some stores, there’s a fee for cash withdrawals. The fee is similar to the one you pay at an out-of-network ATM.

Cash Back at Stores vs. Cash Back Apps

When we talk about cash back at stores, we mean physical dollar bills that you get from a cashier. You can also earn cash back with the help of special cash back applications that you link to your debit card. This kind of cash back is the percentage of your total purchase amount. Most apps let you redeem the cash back rewards through PayPal, gift cards, or sometimes checks.

What Stores Give Cash Back Near Me?

Quite a lot of grocery stores, drugstores, superstores, convenience stores, and office supply stores give debit card cash back. Some gas stations also do this. Let’s explore the list of stores that give cash back near you.

Note: Alongside with giving cash back on debit card purchases, some stores allow you to get cash back on Discover credit card transactions (see Discover Cash Over program) and when you pay with a personal check.

What Stores Give the Most Cash Back?

Most stores give cash back of around $20 – $60. However, there are stores that offer you cash back of $100 to even $300 on your debit card purchases, Discover credit card transactions, or purchases with a personal check.

What Stores Don’t Give Cash Back on Debit Card Transactions

If you’re buying a new armchair, a lamp, or a jacket, you are unlikely to get cash back with your debit card. Clothes shops, home goods, and furnishing stores such as Cumberland Farms, H&M, Pottery Barn, Speedway, or Starbucks don’t usually give cash back.

What Are the Pros and Cons of Getting Cash Back at Stores Near Me?

Advantages:

  • The process is easy and quick.
  • The fees are zero or little.
  • You don’t have to visit an ATM or a bank.

Disadvantages:

  • You need to make a purchase to get access to cash back.
  • A minimum purchase amount may be required.
  • Some stores charge fees.
  • There limits on cash withdrawal amounts.

Conclusion

Getting cash back at stores can be a great idea if you need cash here and now. Take the pros and cons into account and don’t form a habit of making unnecessary purchases just to get cash back.

Ekaterina Redko

I have always wanted to live a full life without stressing out about money. After finishing university, I started work and soon bank of america account for international students that my salary didn’t match the kind of life I wanted. I took a side hustle, hoping it would make me wealthier – it didn’t. I still had to live paycheck to paycheck. Why? I wanted to figure this out and did it.

The truth is that it is not the amount of money that makes you wealthy, but the way you manage it.  My problem was the lack of proper spending habits and discipline with money. I created a  budget and started saving. Budgeting took me a lot of time and effort, but that was worth it.

Now I understand that how much you save is way more important than how much you earn. Saving is one of the core principles of building wealth and achieving financial independence.

With Financial Freedom Guru, I’d like to share my knowledge and experience of managing money and building wealth. I hope that together we’ll manage to pave the way towards Financial Freedom.

Источник: https://financialfreedom.guru/personal-finance-tips/debit-card-cash-back-near-me/

What stores do not accept Discover Card?

Where Is Discover Card Not Accepted? One of the biggest retailers where Discover cards are not accepted is Costco, a wholesale warehouse club. Costco has an exclusive partnership with Visa to only accept Visa credit cards in exchange for a lower merchant fee rate.

Is the Discover Card accepted everywhere?

Is Discover Card accepted everywhere? Discover is accepted nationwide by 99% of the places that take credit cards. And internationally, the Discover Global Network offers acceptance in 200 countries and territories, and growing.

What fast food restaurants take Discover card?

Restaurants

  • Applebee’s.
  • Arby’s.
  • Buffalo Wild Wings.
  • Burger King.
  • Chick-fil-A.
  • Chili’s.
  • Chipotle.
  • Cracker Barrel.

Is Discover accepted at Walmart?

We accept: Visa, MasterCard, Discover, and American Express debit and credit cards. Walmart Credit Cards.

Why is discover not accepted?

Why isn’t Discover as widely accepted as Visa or Mastercard? There’s about one-seventh the number of Discover cards as Visa cards, so merchants may not have as much of an incentive to accept them. Discover sometimes charges merchants more for card acceptance than either Visa or Mastercard.

Is Discover or Capital One Better?

The big difference is in the initial bonus. Discover matches all cash back you’ve earned at the end of your first year, and Capital One nets you a one-time bonus of 50,000 miles when you spend $1,000 in your first three months. That’s worth $500 in travel rewards. Both cards’ miles are worth 1 cent each.

Is discover better than Visa?

Visa vs. When it comes to credit card perks, Visa definitely comes out ahead. Discover credit cards tend to be light on benefits other than a free FICO score on your credit card statement. Some Discover cards also let you pay your bill late once without a late payment fee.

Is it worth having a Discover Card?

The Discover it® Cash Back features a high cash-back rate in rotating quarterly categories — but you don’t get those rewards automatically, activation is required and spending caps apply. Even so, for people who prefer cash back and don’t mind putting in a little work, this $0-annual-fee card is well worth it.

What is highest Discover Card credit limit?

Here are some of the highest credit card limits right now: You’ll get at least a $5,000 credit limit with this card, and some people report a high limit of $100,000. This card requires good credit and the annual fee is $95. This card’s minimum credit line is $1,000.

Is it hard to get a Discover card?

But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval. So, most Discover cards may be a tough get for the average person, who has a credit score of 680-703.

What is the average credit limit on a Discover it card?

around $3,000

What credit card do millionaires use?

Millionaires use credit cards like the Centurion® Card from American Express, the J.P. Morgan Reserve Credit Card, and the Citi Chairman Card. These high-end credit cards are available only to people who receive an invitation to apply, which millionaires have the best chance of can i use my discover card at an atm discover automatically increase credit limit?

Discover may automatically increase your credit limit depending on your account history and creditworthiness. If you consistently make on-time payments on your Discover card account, for example, you might be more likely to receive an automatic credit limit increase than someone who regularly misses payments.

Does Discover Card have a daily limit?

Is there a daily limit to the amount of money I can withdraw from an ATM with my debit card? Yes. Some ATMs may have lower withdrawal limits, but you may complete multiple transactions until you meet the Discover withdrawal limit of $510 per day.

What ATMs can I use with Discover?

Discover, for example, has more than 60,000 no-fee ATMs in its partner network, which spans retailers, other banks and local businesses. You can find the ATM nearest you at any time using Discover’s online ATM locator or through its app.

Can I buy a gun with a Discover Card?

Discover: “We do not prohibit legal gun sales,” said Katie Henry, a spokeswoman for Discover. “Acquirers [banks or other financial institutions that process credit card transactions] are required to ensure that merchants are acceptable under our can i use my discover card at an atm regulations.”

Why was my new Discover card declined?

Using your credit card to pay for purchases in-store and online establishes your spending patterns. If you make a purchase with your card that doesn’t fit this pattern, it may result in your credit card being declined until you verify that it is you, the cardholder, making the purchase.

How do you activate a Discover Card?

To activate a Discover card, use the online can i use my discover card at an atm page or call Discover customer service at (800) 347-2683. Discover card activation requires a Social Security number as well as the card number, expiration date and security code.

Why does my Discover card say 0 available credit?

If your available credit is $0, it means you don’t have any credit for making purchases. This can happen if you’ve maxed out your credit card, your payment hasn’t cleared, or your credit card payment is delinquent.

Источник: https://www.mvorganizing.org/what-stores-do-not-accept-discover-card/

Why Isn't the Discover Card Accepted Everywhere?

Discover credit cards come with a lot of desirable features that attract new users, such as no annual fees, cash back rewards, and low introductory interest rates.

However, once the new cards arrive in the mail, many consumers become disappointed when they find out that Discover Card acceptance isn't as widespread as rivals MasterCard and Visa.

Here at MyBankTracker, we did some investigating to understand why your Discover card isn't accepted everywhere.

The question is:

What Makes It Different?

Like American Express, in most cases, Discover issues its line of credit exeter finance customer service phone number to consumers, while Visa and MasterCard are issued through banks and other entities that promote the cards and manage the billing.

These partnerships help to spread the costs associated with logistics and promotion. According to a spokesperson for Discover, more than 30 Discover cards are co-branded with other partners.

It gets better:

Merchants Pay More

It may come as no surprise that the reason many merchants opt-out of accepting Discover cards (and American Express, for that matter) is about the bottom line.

The Discover card is also like American Express in that they both charge a bit more guardian savings bank ft thomas store owners to accept their cards.

A spokesperson for Discover said the exact number cannot be disclosed, but suggested that the figure is around 3% per sale. MasterCard and Visa only charge around 2% of a transaction total.

That difference keeps many small business owners away from accepting Discover.

Transaction fees are often the reason some small retailers require a minimum amount to be spent for a customer to use a charge card so that the fees don't exceed the small profit made in the sale.

Let’s face it:

Less than 1% more may not sound like much, but when the merchant is also paying can i use my discover card at an atm rent or own the equipment used to process transactions and network access fees, "just a little bit" more can be a little bit too much for some retailers.

Another issue that holds back some merchants may be the perception that Discover won't honor purchase agreements.

Discover offers buyer protection for up to 90 days which even covers theft or damage.

The retailer may have concerns about being responsible for the cost of the item, even if it isn't returned and even if there is no return policy. This can present a risk — real or perceived — that many retailers don't want to bear.

Where Is Discover Card Not Accepted?

One of the biggest retailers where Discover cards are not accepted is Costco, a wholesale warehouse club. Costco has an exclusive partnership with Visa to only accept Visa credit cards in exchange for a lower merchant fee rate.

Additionally, certain locations of major restaurant chains have been known to reject Discover cards.

These locations are usually operated by franchisees of these restaurant chains. For can i use my discover card at an atm, some stores of Subway can i use my discover card at an atm Burger King may accept Discover cards while others do not — it depends on the owner of that particular store.

In Addition:

Geographically-challenged

On the surface, one of Discover's perks is attractive to international travelers, but while Discover cardholders don't pay any foreign transaction fees, it isn't accepted in some places worldwide.

Discover hasn't moved into a number of nations, including all of the countries in Africa except for Morocco and South Africa, nor does it do business in France, Ireland, Australia, Ukraine or India.

Its affiliation with Diners Club International may extend its availability in some stores in some countries, but it is not as universally accepted like MasterCard or Visa.

That said:

Even though Discover has set itself up to do business in more countries than it used to, the same problems with high fees to retailers keep many from accepting the cards.

Some other banks charge retailers steep fees for foreign transactions on credit card purchases, but there are other cards available in addition to Discover which don't charge foreign transaction fees.

The Most Popular Credit Cards That Are Accepted Everywhere

Here is a list of credit cards that are accepted everywhere not only in the U.S., but also has no transactional fees abroad: 

Continue Reading

Источник: https://www.mybanktracker.com

Can i use my discover card at an atm -

How Ways To Avoid Discover Monthly Maintenance Fees

Banking is a business. And business is booming. Bank customers forked over $1 billion in bank maintenance fees in 2018. How much you pay in maintenance fees depends on who you bank with. Many traditional banks have the usual maintenance fees, like monthly service and overdraft penalties. Some online banks, like Discover Bank, don’t have monthly maintenance fees, however. But then what fees do they have?

In this guide, you will learn:

What Are Discover Bank Checking Account Fees?

Monthly checking account fees are rates your bank charges to maintain the account. The fees are usually pretty cheap, and some banks even waive the fees if certain requirements aren’t met. But say a monthly maintenance fee is $10. That’s still $120 out of your pocket to keep the account open annually.

Discover Bank only offers one checking account, the Discover Cashback Debit account.

Discover Bank Checking Accounts
AccountMonthly Service FeeEarns Interest
Cashback DebitN/ANo
Information accurate as of November 17, 2021.

One account, no fee. A checking account not having a monthly maintenance fee isn’t uncommon, but how do Discover’s other fees compare?

Discover Bank Checking Account Fees
FeeCost
Out-of-Network ATMN/A, but may be charged by the ATM network
OverdraftN/A
Foreign Exchange RateN/A
Wire Transfers$30 for outgoing wire transfers
Debit Card ReplacementNo Fee for Expedited Delivery
Information accurate as of November 17, 2021.

Discover emphasizes on its website that there are no hidden fees associated with the Discover Cashback Debit checking account. And on its account agreement, Discover states that it does not charge fees for:

  • Insufficient funds or overdrafts
  • Excessive withdrawals on money market and savings accounts
  • Going below a minimum balance
  • Stop payment orders
  • Replacement debit cards
  • Check orders

There are two technicalities you need to be aware of, though:

  1. There’s a service charge of $30 for outgoing wire transfers made from your Discover account.
  2. Although Discover won’t penalize you for using an ATM outside of its 60,000 machine network, you might be charged a fee by the ATM itself.

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What Are Discover Bank Savings Account Fees?

Savings account fees are the savings account version of checking account fees. And like checking account fees, some banks will waive your savings account service fee if certain requirements are met.

Discover Bank also only has one savings account, its Discover Online Savings account.

Discover Bank Savings Account
AccountMonthly Service FeeAPY
Online Savings AccountN/A0.40%
Information accurate as of November 17, 2021.

There’s no need to pay a monthly service fee for online bank accounts, which is one of their biggest draws. Plus, since there are no overhead fees associated with maintaining bank branches and employees, the Discover savings account yield is much higher than the national average of 0.07% annual percentage yield.

How Internet Banking Went Mainstream: History of Online Banking

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Discover bank
How To Avoid Discover Bank’s Monthly Maintenance Fees

Since your Discover account doesn’t carry any monthly maintenance fees, you have nothing to worry about.

But even if another of your accounts has a maintenance fee, it’s worth pointing out that many banks offer ways around them. The provisions for waiving your monthly service fee usually fall into one of the following categories:

  1. Maintain a minimum daily balance.
  2. Maintain a set balance between multiple accounts.
  3. Make a qualifying direct deposit (usually much higher than the minimum opening deposit).
  4. Post a certain number of debit card transactions.
  5. Link your checking or savings account to another account within your bank.

Regarding student account holders, some banks waive the maintenance fee depending on the customer’s age.

Related: 13 Banking Fees You Should Never Pay

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How To Avoid Discover Bank’s Overdraft Fees

Discover Bank’s checking account doesn’t have overdraft fees you have to worry about. And while no penalty is a good penalty, you still have to worry about having the proper amount of funds in your account for purchases. That’s where overdraft protection comes in.

Overdraft protection acts as a failsafe in the event your account has insufficient funds by withdrawing the funds from a designated account that has the money. In other words, the “protected” account is funded by a funding account. Many people sign up for overdraft protection to avoid the hefty fee that comes with it, which is usually above $30. If you chose to set up a savings account as the funding account, however, you are still beholden to the limited six transfers per billing cycle before incurring an excessive withdrawal penalty.

Luckily, Discover doesn’t charge an excessive withdrawal penalty either.

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How To Avoid Discover Bank’s ATM Fees

Discover will not charge you a fee for using an out-of-network ATM. And with 60,000 ATMs in-network, you should be able to find one near you using Discover Bank’s ATM locator on its website. As noted before, you’ll still have to pay an ATM fee set by the network of whichever machine you choose to use outside of Discover’s purview.

Compare: Guide To Daily ATM Withdrawal Limits and Debit Purchase Limits

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How Discover Bank’s Account Fees Compare With Other Banks

At first glance, Discover’s lack of fees sounds too good to be true. But is it? Here’s how Discover compares with the fees set by the country’s biggest banks.

Fees at Discover Bank and Other Banks
FeeDiscover BankBank of AmericaChaseCitibankU.S. BankWells Fargo
Monthly MaintenanceN/AUp to $25Up to $25Up to $30Up to $24.95Up to $30
Out-of-Network ATM WithdrawalDepends on the machineIn U.S.- $2.50

Outside U.S.-$5

In U.S.- $2.50

Outside U.S.-$5

$2.50; additional 3% fee for transactions made outside U.S. and Puerto Rico$2.50 OR 3% of transaction if outside U.S.In U.S.- $2.50

Outside U.S.-$5

OverdraftN/A$35$34$34$36$35
Excess TransactionsN/A$10$5No fee; account restriction or closure possible if you withdraw three times over the limit$15$15
Stop Payment0.00$30$30, or $25 if done online or phone$30$35$31
Wire Transfer$30Varies$15-50$17.50-$45.50$20-$50Varies
International Debit PurchaseN/A3% of transaction3% of transaction3% of transaction3% of transaction3% of transaction
Card ReplacementN/A$5 or $15 for rush deliveryFree or $5 for rush deliveryFree or $6 for rush deliveryFree, but $25 for rush deliveryFree
Information accurate as of November 17, 2021.

As you can see, a Discover account might just save you more money, in the long run, thanks to the bank’s fee-free philosophy. The only category where Discover falters a bit is when it comes to wire transfers, but even then, $30 is cheaper than some of the potential charges wrought by other banks.

Learn: How Much Monthly Banking Fees Cost Americans

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Getting the Most Out of Your Discover Bank Account

Discover Bank already lets you make the most of your online banking experience thanks to its no-fee accounts. Fees can seriously cut into your financial and savings goals if you’re not careful about how you manage your money. Having accounts with no fees can offer you a lot of flexibility in how to approach that. For example, since there’s no minimum deposit to open either a checking or savings account, you can just open both at the same time and begin funding your accounts when you feel ready. Also, as noted before, you safely use your savings account as your overdraft protection account, since there is no fee for excessive withdrawals.

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More on Discover Bank

More on Avoiding Monthly Fees

Rates are subject to change. Information on accounts is accurate as of April 21, 2020.

This content is not provided by Discover Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Discover Bank.

Information is accurate as of Nov. 17, 2021.

Источник: https://www.gobankingrates.com/banking/banks/how-to-avoid-discover-monthly-maintenance-fee/

Apple Pay Cash leverages Discover Network for new virtual debit card

In order to bring the Apple Pay Cash debit card to life, Apple has utilized credit card provider Discover, whose Discover Network debit services power the virtual tap-to-pay card for money transfers and in-store purchases.

Apple Pay Cash transactions are handled through the Discover Network payment network, a division of Discover Card. Discover is the fourth-largest credit card brand in the U.S., behind Visa, MasterCard and American Express, boasting nearly 44 million customers as of mid-2016.

Discover officially announced its relationship on Tuesday, soon after Apple Pay Cash officially went live in the U.S.

Users can also open the iOS Settings application, then Wallet, and select their Apple Pay Cash card to see under "Card Details" that the virtual debit card is powered by "Discover Debit." By default, the card has a PIN number of "0000" that cannot be changed, for when Apple Pay is used at a terminal that requires a PIN number for debit transactions.

Apple Pay Cash card services are provided by Green Dot Bank, while the debit card rails are handled through the Discover Network.

Users must still have a separate credit or debit card to transfer money to an Apple Pay Cash card — as of Tuesday's launch, there is no way to transfer funds directly from a bank to the Apple card. Money saved to Apple Pay Cash can, however, be transferred off of the card and into a bank account.

By default, funds received through Apple Pay Cash are stored on the card where they can be spent at the store, as with a normal debit card, or transferred to a bank account.

Though retail purchases are possible with Apple Pay Cash, the service's primary function is an easy way to transfer money between friends through iMessage. With iOS 11.2 and watchOS 4.2, the Apple Pay Cash app for iMessage enables money person-to-person money transfers from within a text message conversation.

The new service is Apple's response to existing offerings like Venmo and Square Cash.

For years, Discover has been quick to adopt new capabilities as they launch in iOS through its own app, including features like Touch ID and later Face ID, as well as widgets and watchOS support. In October, the company began allowing customers to claim cashback bonuses for Apple Pay transactions directly through the iPhone's Wallet app.

Источник: https://appleinsider.com/articles/17/12/05/apple-pay-cash-leverages-discover-network-for-new-virtual-debit-card

List of Stores that Give Cash Back on Debit Cards in 2021

Editorial Note:
The content on FinancialFreedom.guru is created through our research and is our opinion. We base our opinion on data research and personal experience. There is no guarantee that our advice will work. Please use at your discretion as there is no warranty implied to stated.We manually collect data. It can be out of date or not complete.

We don’t guarantee the accuracy and advise you to visit vendors website to see the latest data.The content is in no way approved or endorsed by vendors highlighted.

Debit Card Cash Back Near Me

Update –01/13/2021 [List of Stores that Give Cash Back on Debit Cards in 2021]

Isn’t it great to shop at your favorite store and withdraw the cash you need while making a purchase? Some stores allow you to receive debit card cash back without visiting the bank or ATM. Let’s explore how you can get cash back and what shops near you let you do this.

How Can I Get Debit Card Cash Back Near Me?

When you use your debit card while shopping at a store, you may be allowed to get physical cash back. You can just withdraw cash from your checking account while paying for your purchases. In most cases, you won’t have to pay a fee.

Follow these instructions:

  • Use the card reader and enter your PIN.
  • Choose that you’d like your purchases to be processed as debit. If you select the credit option, you won’t get the cash back.
  • You will be asked if you want to get cash back. Enter “Yes.”
  • Choose or enter the amount of cash back you want.
  • When the transaction is over, you will be charged for the purchase. The cash withdrawal amount will be added to the charge.
  • You will get the receipt and the cash back you asked for.

Is Getting Debit Card Cash Back at Stores Near Me Always Free?

No, it’s not. Some stores require a minimum purchase amount before they allow you to get debit card cash back. Sometimes you’ll have to buy things you don’t need. In some stores, there’s a fee for cash withdrawals. The fee is similar to the one you pay at an out-of-network ATM.

Cash Back at Stores vs. Cash Back Apps

When we talk about cash back at stores, we mean physical dollar bills that you get from a cashier. You can also earn cash back with the help of special cash back applications that you link to your debit card. This kind of cash back is the percentage of your total purchase amount. Most apps let you redeem the cash back rewards through PayPal, gift cards, or sometimes checks.

What Stores Give Cash Back Near Me?

Quite a lot of grocery stores, drugstores, superstores, convenience stores, and office supply stores give debit card cash back. Some gas stations also do this. Let’s explore the list of stores that give cash back near you.

Note: Alongside with giving cash back on debit card purchases, some stores allow you to get cash back on Discover credit card transactions (see Discover Cash Over program) and when you pay with a personal check.

What Stores Give the Most Cash Back?

Most stores give cash back of around $20 – $60. However, there are stores that offer you cash back of $100 to even $300 on your debit card purchases, Discover credit card transactions, or purchases with a personal check.

What Stores Don’t Give Cash Back on Debit Card Transactions

If you’re buying a new armchair, a lamp, or a jacket, you are unlikely to get cash back with your debit card. Clothes shops, home goods, and furnishing stores such as Cumberland Farms, H&M, Pottery Barn, Speedway, or Starbucks don’t usually give cash back.

What Are the Pros and Cons of Getting Cash Back at Stores Near Me?

Advantages:

  • The process is easy and quick.
  • The fees are zero or little.
  • You don’t have to visit an ATM or a bank.

Disadvantages:

  • You need to make a purchase to get access to cash back.
  • A minimum purchase amount may be required.
  • Some stores charge fees.
  • There limits on cash withdrawal amounts.

Conclusion

Getting cash back at stores can be a great idea if you need cash here and now. Take the pros and cons into account and don’t form a habit of making unnecessary purchases just to get cash back.

Ekaterina Redko

I have always wanted to live a full life without stressing out about money. After finishing university, I started work and soon realized that my salary didn’t match the kind of life I wanted. I took a side hustle, hoping it would make me wealthier – it didn’t. I still had to live paycheck to paycheck. Why? I wanted to figure this out and did it.

The truth is that it is not the amount of money that makes you wealthy, but the way you manage it.  My problem was the lack of proper spending habits and discipline with money. I created a  budget and started saving. Budgeting took me a lot of time and effort, but that was worth it.

Now I understand that how much you save is way more important than how much you earn. Saving is one of the core principles of building wealth and achieving financial independence.

With Financial Freedom Guru, I’d like to share my knowledge and experience of managing money and building wealth. I hope that together we’ll manage to pave the way towards Financial Freedom.

Источник: https://financialfreedom.guru/personal-finance-tips/debit-card-cash-back-near-me/

Discover Cashback Debit Account Review: Cash Back Is Just the Tip of the Iceberg

1% back: Discover Cashback Debit Account holders are eligible to earn 1% back on purchases they make with their debit cards, on up to $3,000 in debit card purchases each month. Discover limits you to a maximum of $360 in cash back per year, but this still far outstrips what most checking accounts can offer in interest. ATM transactions, money order purchases, point-of-sale cash withdrawals, peer-to-peer payments, loan payments, and payments made with third-party payment services are not eligible for cash-back rewards.

No fees: The buffet of $0 fees is impressive. You won't pay fees for monthly maintenance, overdrafts, stop payments, and insufficient fees, to name a few.

Fee-free ATMs: Customers can withdraw money from any of the over 60,000 MoneyPass® and Allpoint ATMs nationwide without paying any fees. This is a larger network than many other online checking accounts offer, so you'll have better odds of finding a surcharge-free ATM near you. You can locate the nearest one using the ATM Finder tool on Discover's website. Discover also won't charge you fees for using ATMs outside of these networks, though the ATM owner might.

No balance or activity requirements: Many checking accounts have minimum balance requirements to open an account, but the Discover Cashback Debit Account does not. It also doesn't charge a monthly service fee -- and there's no ongoing minimum balance or required number of monthly transactions. This makes it an affordable option for those who don't keep a lot of money in their checking accounts and those who don't spend a lot of money each month.

Free checks and debit cards: Discover doesn't nickel-and-dime you on the little things, like the cost of checks or replacement debit cards. This is not unusual among online banks, but what is unusual is that Discover also doesn't charge you for expedited check and debit card delivery, while most other banks do. It may seem like a small thing, but when you're out of checks or you've lost your debit card and you need your money in a hurry, you'll appreciate that Discover makes things easy for you.

FDIC insured: Discover Cashback accounts are covered by the same FDIC insurance as traditional bank savings accounts. Your funds -- up to $250,000 per depositor, per institution -- are protected in the unlikely event of bank failure.

Источник: https://www.fool.com/the-ascent/banks/discover-cashback-debit-account-review/

What You Need to Know About Discover Card’s Acceptance

Buy online groceries. Pick out a birthday gift for mom. Head to a catch-up dinner with friends. Get gas. Throughout the day, you’re likely making dozens of purchases — and it’s important to have a credit card that you’re confident will be accepted for everything from the impulse pack of gum on the way to the office to reservations for that once in a lifetime trip. To that end, you can use Discover credit cards at virtually any retailer, merchant, e-commerce site, restaurant or café you like. Consider these five facts about Discover credit cards:

1. Discover is Accepted Nationwide By 99 Percent of the Places That Take Credit Cards

Whether you’re filling up at the gas station, shopping online or buying a gift at a local store, chances are that Discover credit cards are accepted. In fact, according to the February 2020 Nilson Report, Discover is 99 percent accepted nationwide at places that take credit cards.

How do you know whether Discover is accepted? The best thing to do is to ask. While some stores may have payment accepted decals at the register, others may not. But, with an acceptance rate of more than 99 percent at merchants that accept credit cards, it’s likely that Discover is accepted at your retailer of choice. 

2. A Discover Card Can Be Used at Banks, Credit Unions, ATMs and Certain Stores for Cash

Sometimes you need cash and when you do, it’s possible to use your Discover card at a bank, ATM or credit union for a cash advance up to the limit specified in your contract. (Note: Interest rates on cash advances tend to be higher than those on purchases through the card.) To set up your card to allow for cash advances, you can simply call customer service and get a pin number to use at the ATM. You can also present your credit card and a photo ID at a bank or credit union to get money. To find ATMs and banks where you can withdraw cash, check this map.

On a grocery run when you remember that you need $20 for that cash-only taco stand you love? Discover has a cash over option at participating stores, like Kroger and Walmart, that allows you to withdraw cash when you make a purchase — and helps you avoid ATM fees.

3. Discover is Accepted at Online Merchants

Do you do most of your shopping on your smartphone, tablet or laptop? Discover is accepted at certain online retailers and paying with your Discover card can make it easy to rack up rewards. For example, if you use a Discover it® card or a Discover it® Miles card on Amazon.com, you can apply your available Cashback Bonus to all or part of your order. This can be a smart strategy if you’re a regular Amazon shopper.

4. Discover Secured Credit Cards Are Also Accepted

Some people wonder whether secured credit cards, like the Discover it® Secured, are accepted by retailers the same as unsecured credit cards. The answer is yes. To a retailer, credit cards all operate in a similar way. The main difference for a credit card holder between a secured credit card and an unsecured credit card is that a secured credit card requires a deposit which acts as your card’s spending limit. A secured credit card can also help card owners build credit while earning rewards.

5. Discover Partners with Retailers You Use to Deliver Maximum Rewards

One potentially smart strategy is to use credit cards to pay for the expenses you incur each month, and then pay the balance in full. That way, you can maximize rewards. Not only is Discover accepted by most retailers nationwide, but the retailers you regularly use can also help you reach reward goals. For example, certain Discover rewards credit cards, such as the Discover it® Student Cash Back, offers seasonal 5 percent cash-back promotions in various categories and across various retailers. Paying attention to cash-back calendars, as well as standing offers of 1 percent cash back on all purchases at all times, can help maximize your spending.

Get the Facts and Choose the Card that Fits Your Life

Do your research to determine whether a card is the right choice for your lifestyle — and your wallet. When you have a Discover card, you can feel confident that your card will be accepted by the majority of vendors you use on a daily basis, no matter what your to-do (and to-buy) list looks like.

 

Originally published Aug. 9, 2019

Updated March 9, 2020

Legal Disclaimer: This site is for educational purposes and is not a substitute for professional advice. The material on this site is not intended to provide legal, investment, or financial advice and does not indicate the availability of any Discover product or service. It does not guarantee that Discover offers or endorses a product or service. For specific advice about your unique circumstances, you may wish to consult a qualified professional.

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Источник: https://www.discover.com/credit-cards/resources/what-you-need-to-know-about-discover-cards-acceptance/
can i use my discover card at an atm

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3 Replies to “Can i use my discover card at an atm”

  1. What about vystar? Im looking at Community First and its tempting, but my friend has navy fed too

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