How Online Banking Works

It's banking made simple

Online banking at Discover works the same way that it does at a traditional bank does but with greater rewards.

  • Without the overhead of maintaining physical branches we're able to offer much higher rates, which means more money for you to build your savings
  • Your deposits, interest and balance are calculated and stored electronically—the same as in traditional banks

Your money is handled the same way you're already used to.

Transactions are processed electronically just like when your employer direct deposits your paycheck or when you swipe your debit card at a store.

  • You can link electronically to any current online checking or savings account
  • Bank transfers are fast and free
  • There's no need to change banks

View Online Banking FAQ