Does Discover Offer Business Checking?
You can’t get a business checking account from Discover® Bank, but these alternatives offer features like no fees.
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Senior Editor & Content Strategist Discover does not have a business checking account. The bank does offer personal checking, but it’s smart and professional to separate your finances from your company’s.
If you already use Discover® Bank, you may value some of its features, like no fees and cash-back rewards. Here are some alternative business checking accounts that offer similar benefits.
Discover isn't currently taking new business credit card applications, either. Here are some alternatives to Discover's business credit card.
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American Express National Bank American Express® Business Checking
Bonus Amount
30,000 points Bluevine Business Checking
No fees is one of the hallmarks of Discover banking products. The bank says you won’t pay monthly account fees on any of its accounts or face charges for things like falling below an account minimum. If you want a similarly low-cost business checking account, consider Bluevine Business Checking.
Other free business checking accounts are available, but Bluevine’s option stands out for its lack of fees. That includes no monthly maintenance charges, as well as no fees if your account drops below a certain balance or lacks sufficient funds. While Bluevine is online-only, it does offer fee-free ATM withdrawals through MoneyPass, which has more than 37,000 ATM locations nationwide.
Bluevine may limit costs, but you do have to pay for some of its services. For example, each cash deposit comes with a $4.95 fee via Bluevine’s third-party partner Green Dot. If your business makes a lot of cash transactions, a different account may be a better choice.
LendingClub Tailored Checking
Discover’s personal checking account comes with 1% cash back on debit card purchases up to $3,000. If you’d value a similar spending reward from a business banking account, LendingClub Tailored Checking may be a good fit.
LendingClub Bank offers an unlimited 1% cash back on charges you make with your business account’s debit card. You must maintain an average monthly balance of $500 or more to qualify for this perk. You can also earn 1.00% APY on balances up to $100,000 and 0.10% APY on all balances after that.
LendingClub Bank doesn’t have a minimum monthly balance; however, you’ll need to keep at least $500 in your account to not only earn the debit card perk but also waive a $10 monthly fee. LendingClub Tailored Checking is an online account, but offers fee-free ATM access through the MoneyPass and SUM networks, plus reimbursement for out-of-network ATM fees.
Capital One Business Checking
Discover is perhaps best known for its credit cards. If you were looking to bundle a business checking account and credit card with the same provider, Capital One may meet your needs.
Capital One has a suite of business products — including business credit cards with cash-back reward rates that rival what Discover offers on personal cards. Capital One has two business checking accounts: Business Basic Checking and Business Unlimited Checking.
There is a monthly fee of $15 or $35, depending on which account you choose, but it can be waived based on your account balance. You can open an account online and access nearly 80,000 ATMs nationwide with no fees, but Capital One only has branches in eight states and Washington, D.C.
Compare Discover business checking alternatives
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