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.
Whereas, Wells Fargo is another well known bank with more than 5,400 locations offering 13,000 ATMs nationwide.
They offer a variety of checking account like Teen Checking or Opportunity Checking for those who have financial troubles.
Continue reading below to see a side-by-side comparison between Discover and Wells Fargo, so you can see which one offers the services you need the most.
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| Discover | Wells Fargo | |
| Locations | Online-only bank | 5,400 retail banking branches coast to coast. (Locator) |
| ATMs | Over 60,000 no-fee ATMs | More than 13,000 ATMs across the country. |
| Savings | 4.5/5 | 2.5/5 |
| CD | 2/5 | |
| Checking | 4.5/5 | 4/5 |
| Money Market | 5/5 | |
| Customer Service | 5/5 | 4/5 |
| Mobile App | 5/5 | 4.5/5 |
| Pros | -High yield -Cashback checking -24/7 customer service |
-Nationwide availability – Large ATM network – Mobile app features – 24/7 account monitoring |
| Cons | -No interest checking -$2,500 minimum deposit for CDs |
– Make minimal interest – Pay a fee for overdraft protection |
| Bottom Line | Discover Bank offers some of the highest interest rates on the market. | Wells Fargo offer nationwide access to ATMs and branch locations, offering unique features that your bank might not provide. |
Discover Bank Promotions
 • 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 2.00% APY up to 3.85% 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. • Get started and open a Discover CD in 3 easy steps. |
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Bottom Line
Which Bank is Better: Discover or Wells Fargo?
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.
- Wells Fargo offers nationwide access to their accounts, if you’re looking for basic banking features their accounts are to go to.
For other banking options, see our list of the best bank account bonuses & savings account offers.
More on Discover Bank:
More on Wells Fargo:
- Wells Fargo Hours: What Time Does Wells Fargo Close Today?
- Wells Fargo Routing Number
- How To Find and Use Your Wells Fargo Login
