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This big bank is eliminating all fees on checking and savings accounts

June 17, 2019


Discover is doing away with fees of any kind on its checking, savings, money market and certificate of deposit accounts.

The move would be a first for a large bank and comes as smaller online fintechs offer no-fee options and high-yield savings to woo younger and more price-conscious Americans.

Going forward, Discover won’t charge fees for monthly maintenance, checkbook orders, replacement debit cards, insufficient funds, excessive withdrawals, falling below minimum balances and stop-payment requests.

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