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 Premier Plus Checking^SMChase Total Checking®Chase Savings^SMYou Invest^SM by J.P. MorganChase Sapphire^SM CheckingChase Total Checking® + Chase Savings^SMChase College Checking^SMChase Private Client

• Earn $300 when you open a new Chase Business Complete Checking account. For new Chase business checking customers with qualifying activities. • More ways to waive fees. Multiple options to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card • Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAcceptSM. • Same-day deposits with QuickAcceptSM. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost. • Alerts to help you stay on top of your account activity. • Easy account management through Chase Business online and the Chase Mobile® app. • Unlimited electronic deposits, ACH and Chase Quick DepositSM. • Convenient access to 16,000 ATMs and more than 4,700 branches. Get Coupon at Chase

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

Read our full review of the Chase Premier Plus Checking^SM and the latest bank deals from Chase

• New Chase checking customers enjoy a $225 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. • Overdraft Services - no fee if you're overdrawn by $50 or less at the end of the business day* • *We charge a $34 Insufficient Funds Fee per item during our nightly processing beginning with the first item that overdraws your account balance by more than $50 (maximum of 3 fees per business day, up to $102). Apply Now at Chase

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

Read our full review of the Chase Savings^SM and the latest bank deals from Chase

Read our full review of the You Invest^SM by J.P. Morgan and the latest bank deals from Chase

Read our full review of the Chase Sapphire^SM Checking and the latest bank deals from Chase

Read our full review of the Chase Total Checking® + Chase Savings^SM and the latest bank deals from Chase

Read our full review of the Chase College Checking^SM and the latest bank deals from Chase

Read our full review of the Chase Private Client and the latest bank deals from Chase

Discover Bank Promotions

Discover Online SavingsDiscover 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 HMB122 by 03/15/2022 • 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 0.40% 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

Read more about Discover Bank Online Savings 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 0.35% APY balances $100,000 and over • Earn 0.30% 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 0.20% APY up to 1.00% 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 0.20% APY up to 1.00% 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 Bank Coupon Promo Codes $100, $200, $225, $300, $350, $500, $725, $1000, $2000 for January 2022

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

HSBC Bank Promotions: $200, $240, $450, $500, $600, $2,000 Checking Bonuses for January 2022

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