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