Personal Checking
Discovery Bank offers a personal approach to banking, by providing a variety of checking accounts that are sure to meet your individual needs.
Features |
Explorer Personal Checking |
Compass Personal Checking |
Senior Compass Checking |
Minimum Opening Balance: |
$100 |
$100 |
$100 |
Monthly Service Fee |
$0 |
$8 |
$0 |
Minimum Balance Required to Waive Monthly Service Fee |
No minimum balance required |
Monthly service fee can be waived with minimum balances of $1,000 daily, $1,500 monthly average, or $5,000 combined account balances. |
No minimum balance requirements. Offered to individuals 55 and greater. |
Interest Bearing |
Non-interest bearing |
Interest bearing; market interest rate on total collected balances on a tiered balance schedule. |
Interest bearing; market interest rates on total collected balances on a tiered balance schedule. |
Additional Features & Options |
Unlimited check writing |
200 paid items per month, $0.20 per debit over 200. |
Cashiers Checks and Travelers Checks at no cost. $25 credit toward a safe deposit box. |
* Additional disclosures will be given at the time of account opening. The interest rate, percentage yield and service fees may change at any time. Interest begins to accrue on the business day cash items are deposited to the account. All other types of items deposited (non-cash items, such as checks not drawn on Discovery Bank, for example) will begin to accrue interest when funds become collected. Interest accrues daily and will be credited to the account monthly at the statement cycle. If the account is closed before interest is credited, accrued interest will not be paid. Interest is not compounded.