Discover Bank vs Chase: Which Is Better?

Discover Bank is an online-only financial institution offering different banking services like checking, savings, money market and even CDs.

They offer high interest rates that are comparable to other big named banks, so be sure to check out all the products they have.

While Chase, one of the biggest banks in the Unites States, offers full service banking  from personal banking to mortgages to loans, as well as a popular range of credit cards.

Not to mention, they offer more checking options compared to other competitors.

Continue reading below to see a side-by-side comparison between Discover and Chase Bank, so you can see which one offers the services you need the most.

	Discover	Chase
Locations	Online Only	Branches in Several States (Locator)
ATMs	Over 60,000 no-fee ATMs	Chase ATMs nationwide
Savings	4.5/5	3.5/5
CD
Checking	4.5/5	4/5
Money Market	5/5
Customer Service	5/5	4/5
Mobile App	5/5	5/5
Pros	-High yield -Cashback checking -24/7 customer service	-Branches in many states -New customer coupons -Full service banking
Cons	-No interest checking -$2,500 minimum deposit for CDs	-Low interest rates -Not available in all states
Bottom Line	Discover	Chase is a good choice if you’re looking for a bank with full range of service

Chase Bank Promotions

Chase Business CheckingChase Total Checking®

Read our review & latest Chase Business Checking offers and the latest bank deals from Chase

• New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit • Access to 16,000 Chase ATMs and more than 4,700 branches • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. • Chase Overdraft AssistSM – no overdraft fee if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* *We won't charge an overdraft fee if you are overdrawn $50 or less at the end of the business day. Chase may pay, for a $34 fee, overdraft transactions at our discretion based on your account history, deposits and transaction amount. If you've enrolled in Debit Card Coverage, everyday debit card purchases like groceries, may be approved at our discretion when you don't have enough money in your account. Open an Account

Read our full review of the Chase Total Checking® and the latest bank deals from Chase

Discover Bank Promotions

Discover Online SavingsDiscover CheckingDiscover Money MarketDiscover CDDiscover IRA CD

Open a Discover Online Savings Account for all these features: • Bonus offer applies for your first Discover Online Savings Account • Earn $200/$150 Bonus with promo code HMB922 by 12/15/2022 • Fund your first savings account with at least of $25K within 30 days of account open date to earn the $200 Bonus • Fund your first savings account with at least of $15K within 30 days of account open date to earn the $150 Bonus • Earn high interest rate of 2.15% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 Apply Now at Discover See advertiser website for full details To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account, online, in the Discover App or by phone. Enter Offer Code HMB922 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200. Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/15/2022, 11:59 PM ET. Offer may be modified or withdrawn without notice.

Read more about Discover Bank Online Savings here. Our full list of Discover Bank bonuses here.

Read more about Discover Bank Checking here. Our full list of Discover Bank bonuses here.

• Get started and open a Discover Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 2.10% APY balances $100,000 and over • Earn 2.05% APY balances under $100,000 • Open with as little as $2,500. • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs Apply Now at Discover

Read more about Discover Bank Money Market here. Our full list of Discover Bank bonuses here.

• Available nationwide online, Discover offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 0.75% APY up to 3.30% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Start today with a minimum deposit of $2,500! • Get started and open a Discover CD in 3 easy steps. Apply Now at Discover

Read more about Discover Bank CD here. Our full list of Discover Bank bonuses here.

• Available nationwide online • Select terms as short as 3 months up to 120 months • Rates ranging from 0.75% APY up to 3.30% APY • Start today with as little as $2,500! • Step-by-step help available 24/7 by phone • Flexible options: Roth (pay now, save later) & Traditional IRAs (earn now, pay later) • Gather your retirement savings into one place. • Just three steps and you’re on your way to saving with a Discover IRA CD. Apply Now at Discover

Read more about Discover Bank IRA CD here. Our full list of Discover Bank bonuses here.

Compare to Other Banks

Discover Bank:

• Discover Bank vs Ally Bank

Chase Bank:

• Chase vs Bank of America
• Chase vs Fifth Third Bank
• Chase vs Wells Fargo
• Chase vs US Bank
• Chase vs CIT Bank
• Chase vs PNC Bank

Bottom Line

Which Bank is Better: Discover or Chase?

In summary:

• Discover Bank’s savings and customer service are worth checking out since it offers high-interest rates compared to traditional savings accounts that pay very little interest.
• Chase is a good choice if you’re looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking.

For more variety of options, see our list of the best bank account bonuses & savings account offers.

More on Chase Bank:

• What Are Chase Bank’s Hours?
• How To Find and Use Your Chase Bank Login
• What Do You Need to Open a Chase Bank Account?
• How To Order Checks via Chase: Online, Vendor Site or by Phone
• How to Set Up Chase Online Bill Pay
• How to Stop Payment for a Chase Check
• Chase Business Routing Number
• How to Stop Payment for a Chase Check

More on Discover Bank:

• How To Find and Use Your Discover Bank Login
• Discover Bank Routing Number

Chase Coupon Promo Codes: $100, $200, $300, $625, $1000, $2000 Checking Bonuses (September, 2022)

Huntington Bank Promotions for September 2022: $100, $300, $400, $750 Checking Bonuses

U.S. Bank Promotions for September 2022: $300, $400, $500 Personal Checking & Business Bonuses

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