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.
