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Promoting Economic Stability and Mobility

Discover is dedicated to helping people achieve brighter financial futures. This means more than simply giving people access to a credit line. It means making it easier for people to save for tomorrow and spend responsibly today. It means promoting financial education and providing opportunities for economic empowerment.

As an institution with deep financial expertise, Discover is perfectly positioned to help promote a brighter financial future for people, businesses, and communities. We remain committed to delivering products and services that help our customers achieve financial success and increasing access to products and services for all customer demographics, including traditionally unbanked and underinvested communities.

Committed to
Financial Progress

Increasing our customers’ financial security and success is at the heart of Discover’s business. We continue to be an industry leader in responsible, secure, and transparent financial products, services, and, programs which help create value and build financial confidence for customers. Our ambition is to help people build brighter financial futures, no matter their circumstances.

The need has never been greater. Financial insecurity is a stressor for many individuals, and this was exacerbated in recent years as the result of the COVID-19 pandemic and increased uncertainty experienced across the globe. In 2020 in the U.S., nearly seven in 10 adults (68 percent) admitted having experienced unexpected financial setbacks, and over half of adults (52 percent) admitted to living paycheck to paycheck.1 Financial insecurity also had a disproportionate impact on younger generations and people of color. Thirty-seven percent of millennials had more debt than savings2 while 58 percent of Black-owned businesses were considered ‟at-risk” or ‟in-distress” before the pandemic began.3

Financial security means that individuals and businesses have access to useful and affordable financial products and services that meet their needs—transactions, payments, savings, credit, and insurance—delivered in a responsible and sustainable way. Providing this is core to how we do business, every day.

As a next-generation digital consumer bank, we don’t rely on a branch network, which means we’re able to eliminate all fees for customers with a checking, savings, money market, or certificate of deposit (CD) account from Discover Bank. This means our customers' money can work harder for them. We offer:

NO fees, period, on any deposit products.

NO minimum balance.

NO student loan origination or late fees.

NO insufficient funds or overdraft fees.

NO ATM fees.

NO origination fees on Discover Personal Loans.

  1. 2020 Harris Poll; National Endowment for Financial Education;
  2. Bankrate’s Financial Security Poll, Jan. 19-Jan. 24, 2021;
  3. 2020 McKinsey;