Discover Overdraft Protection

Does Discover Bank charge overdraft?


No charge for overdrafts

Discover customers can apply for overdraft protection and link a savings account that will cover the overage for online bill payments, electronic transfers initiated externally, and checks.

Can I use my debit card as credit with insufficient funds?


You can use your debit card to make a payment processed as credit, but you can’t use your debit card for credit in most cases. And even when you can, it’s via the limited fail-safe of overdraft protection, which is not meant for regular use and can be quite expensive.

Is Discover debit card good?


Earn 1% cash back on debit card purchases

Even better, your points won’t expire as long as your account is open and in good standing. This is an excellent feature, as many checking accounts don’t offer this option with a debit card (instead, they try to upsell you on a credit card).

Can I deposit cash at Discover ATM?


Some online banks, however — like Ally Bank and Discover Bank — do not accept ATM cash deposits. Others accept limited cash deposits, like SunTrust Bank, which allows customers only 40 bills per deposit.

Where is Discover Bank located?


Discover Bank has 2 banking locations. Their corporate headquarters is listed as: 502 E. Market Street in Greenwood Delaware.

Is discover online banking safe?


Minimum Balance and Monthly Fees

Despite this, many banks have instituted a wide variety of fees: maintenance fees, below minimum balance fees, ATM fees, and so on. The account is a truly safe place to keep your money since you can be confident that Discover won’t be taking your savings with fees.

Can I pay my Discover card with a debit card?


It’s not an option to pay your credit card bill using a debit card or another credit card. However, you can make up to two payments a day using different bank accounts. If possible, pay more than the minimum required amount.

Does Zelle work with Discover Bank?


Discover Bank has announced that customers of its savings and money market accounts can now use the Zelle network for person-to-person (P2P) money transfers, according to a press release on Monday (Oct. 28). Discover customers can enroll in Zelle using the Discover mobile app or the online account center.

Can you withdraw money with a negative balance?


Can you withdraw from a negative account. You certainly can withdraw money and/ or overdraft a debit card that has no money behind it. That is the whole reason for overdrafts! If you have overdraft protection from your bank, and zero balance in your account, you can still use the debit card.

How much can I overdraft my checking account?


The actual limit of your overdraft: this depends on your bank and yourself! If your salary is rather high, your bank could allow you to overdraft up to $1,000. Usually, it won’t be less than $100. The number of transactions you are going to pay for when you overdraft: this just depends on your bank.

How soon can I use my overdraft privilege?


How soon can I use my Overdraft Privilege? If you are a new account holder, you may be able to use the overdraft privilege service 30 days after the account is opened, assuming your account is in “good standing” as previously.