Discover Financial Services FAQs

On May 18, 2025, Discover merged into Capital One. We’re one company under Capital One, N.A.

We’ll reach out by email or letter if there are updates to your Discover or Capital One accounts. If you don't hear from us, you can continue to manage your accounts as usual.

For the 2024 tax year, Capital One and Discover will provide separate tax forms.

You can no longer transfer your credit card balance (or use a balance transfer check) between a Discover and Capital One account.

You can still transfer money between Capital One and Discover bank accounts.

Starting November 18, 2025, if you have both Capital One and Discover deposit accounts, they'll be jointly insured by the Federal Deposit Insurance Corporation (FDIC) up to the allowable limits. 

If you have Discover and Capital One CD accounts, they may continue to be separately insured:

• CDs that mature after Nov. 18, 2025, will remain separately insured by the FDIC until their maturity date after Nov. 18, 2025.

• CDs that mature before Nov. 18, 2025, and are renewed for a different term or dollar amount will remain separately insured until Nov. 18, 2025.

• CDs that mature before Nov. 18, 2025, and are renewed for the same term and dollar amount will remain separately insured until the first maturity date after Nov. 18, 2025.

For more information about FDIC deposit insurance coverage, please visit fdic.gov.

If you have any questions about your Capital One accounts, you can reach out to Capital One like you normally would at 1-877-383-4802. 

For Discover accounts, please continue to contact Discover. You can reach out at Discover.com, on the Discover app or by phone at 1-800-DISCOVER (1-800-347-2683).