If you currently hold an account with Discover, they are offering to forgive one of your fees per calendar year. This applies to Checking, Savings, & Money Market account holders.
They stated on their press release: “Discover designs products that are simple and easy for our customers to use, which is why we made this feature seamless… It automatically waives the first eligible fee for our checking, savings and money market customers.
While others continue to add fees, we’re committed to helping our customers save more with accounts that have no monthly maintenance fees and the ability to earn cash back on debit purchases.” So keep reading to find out more! Also, make sure to check out our Discover Promotions.
 Open a Discover Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code HMB923 by 12/14/2023 • Earn high interest rate of 4.30% 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 • 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 HMB923 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. What to know: 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 60 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 12/14/2023, 11:59 PM ET. Offer may be modified or withdrawn without notice. |
Fees:
As stated above, Discover is forgiving one fee per calendar year which is great. The following fees that qualify to be forgiven by Discover are listed below. Also, learn more about Discover Bank SCRA Benefits: Waived Fees and Low APR!
- Excessive Withdrawal Fee
- Insufficient Funds Fee
- Stop Payment Fee
- Money Market Minimum Balance Fee
 • 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 4.25% APY balances $100,000 and over • Earn 4.20% 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 |
Bottom Line:
In conclusion, if you have been charged for one of the fees listed above, Discover will refund you the first fee each calendar year. This truly separates Discover from many other banks who might continue to add fees after your first fee.
Personally, I do agree that these are positive changes because you are getting reimbursed for your mistakes the first time them happen. If you are looking for more options, then browse more offers from the fully updated HMB list of Bank Bonuses!
 | BMO Relationship Checking: Earn $600 cash bonus when you open a new Relationship Checking Account and have a total of at least $7,500 in qualifying direct deposits within the first 120 days. Learn More---BMO Relationship Checking Review |
 | U.S. Bank Smartly® Checking: Earn up to $1,000 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through September 6, 2023. Member FDIC. Apply Now---U.S. Bank Checking Review |
 | Discover Online Savings Account: Earn $200 Bonus/$150 Bonus with promo code HMB923 by 12/14/2023 along with a competitive interest rate of 4.30% APY. Fund your first savings account with a minimum of $25K within 30 days of account open date to earn the $200 Bonus (fund $15K to earn $150 bonus). No minimum opening deposit, no minimum balance requirement, and no monthly fees. See advertiser website for full details. Apply Now---Discover Savings Review |
 | Chase Private Client: Enjoy up to $3,000 bonus when you open a new Chase Private Client Checking account with qualifying activities. Get more from a personalized relationship when you open a new Chase Private Client Checking account with qualifying activities. Learn More---Chase Private Client Review |