Top
image credit: Unsplash

This bank is eliminating all fees from its checking and savings accounts — why you should tread cautiously

June 19, 2019

Category:

Discover DFS, -0.28% is eliminating fees for its deposit accounts — including checking, savings, money market or certificate of deposit accounts. But consumers looking to avoid fees should think twice before signing up, experts say.

Consumers with a Discover Bank account will no longer be charged the myriad fees that can come with a bank account including those associated with:

  • Monthly maintenance
  • Checkbook orders
  • Replacement debit cards
  • Insufficient funds
  • Excessive withdrawals
  • Stop-payment requests

Read More on Market Watch