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Discover Cashback Debit Checking

About Discover Checking Accounts

The Discover Cashback Debit Checking from Discover is one of the top-rated Checking Accounts options evaluated on MoneyCompared, earning an overall product score of 9.6/10. Rare rewards checking account paying 1.00% cash back on up to $3,000 in debit card purchases every month ($360/year) with zero monthly or overdraft fees.

Key highlights include 1.00% Cash Back on Debit Card Purchases, a fee structure of $0 Monthly Fee, $0 Overdraft Fee, and Earn up to $360/Year in Debit Card Cash Back. Accounts are backed by FDIC Insured up to $250,000 and supported by Discover's 4.9 / 5.0-rated digital banking experience.

Features

Annual Fee	$0 Monthly Fee, $0 Overdraft Fee
Regular APR / Rate	1.00% Cash Back on Debit Card Purchases
Intro Offer / Welcome Bonus	Earn up to $360/Year in Debit Card Cash Back
Savings APY / AER	1% Cash Back on up to $3,000/mo Spend + 60,000+ Fee-Free ATMs
Minimum Deposit	$0 Minimum to Open
Foreign Transaction Fee	$0 (Discover Network)
Deposit Insurance	FDIC Insured up to $250,000
Mobile App Rating	4.9 / 5.0
Overall Rating	9.6 / 10

About Product

Annual / Monthly Fee: $0 Monthly Fee, $0 Overdraft Fee
APR / APY Rate: 1.00% Cash Back on Debit Card Purchases
Intro Offer / Bonus: Earn up to $360/Year in Debit Card Cash Back
Key Benefits: 1% Cash Back on up to $3,000/mo Spend + 60,000+ Fee-Free ATMs
Minimum Requirement: $0 Minimum to Open
Foreign Transaction Fee: $0 (Discover Network)
Protection: FDIC Insured up to $250,000

Pros

Rate / APR / APY: 1.00% Cash Back on Debit Card Purchases
Fee Structure: $0 Monthly Fee, $0 Overdraft Fee
Welcome Offer / Benefit: Earn up to $360/Year in Debit Card Cash Back
Rewards & Highlights: 1% Cash Back on up to $3,000/mo Spend + 60,000+ Fee-Free ATMs

Cons