What's happening with Capital One and Discover?
Effective May 18, 2025, Discover is now part of Capital One.
Capital One and Discover are now one company under Capital One, N.A. That said, Discover accounts and the Discover brand are not going away.
Does this have any impact on my Capital One or Discover account?
No, it doesn’t. Your account number and account features haven’t changed. You can continue to use your Capital One and Discover accounts as you always have.
Continue to manage your Capital One accounts using your existing username and password at CapitalOne.com and the Capital One mobile app.
Continue to manage your Discover accounts using your existing user ID and password at Discover.com and the Discover mobile app.
Please note that at this time, you can’t make Discover Card account payments or Discover deposits at Capital One branches or cafés or via Capital One mailing channels.
What do I need to do?
There’s nothing you need to do. Your Capital One and Discover accounts and cards will continue to work as usual.
Can I still apply for both Capital One and Discover products?
Yes, absolutely. You can apply for or open an account at CapitalOne.com or Discover.com.
What if I’m a customer of both Capital One and Discover?
That’s great. Continue using your Capital One and Discover accounts as usual. Keep in mind, Discover benefits don’t transfer to your Capital One accounts, and Capital One benefits don’t transfer to your Discover accounts.
If you have any questions about your Capital One accounts, reach out to Capital One like you normally would. For Discover accounts, please continue to contact Discover—reach out at Discover.com, on the Discover mobile app or by phone at 1-800-DISCOVER (1-800-347-2683).
Will there be changes to my tax forms now that Discover is part of Capital One?
For the 2024 tax year, Capital One and Discover will provide separate tax forms.
Where can I get news and updates about Discover becoming part of Capital One?
Right here—bookmark this page and check back for new information about Capital One and Discover.
Can I initiate a balance transfer between Discover and Capital One?
No, not anymore. Because Discover is now part of Capital One, you cannot transfer balances between a Discover account and another Capital One account. If you just recently transferred balances between a Discover account and a Capital One account, and it hasn’t posted yet to your account, it may be rejected.
If you have balance transfer checks from Discover, you cannot use them to pay off a Capital One credit card account.
This restriction does not apply to payments or transfers between Capital One and Discover checking and other deposit products.
Is my FDIC insurance impacted now that Discover is part of Capital One?
If you have both Capital One and Discover deposit accounts, there may be impacts to your FDIC insurance after 6 months.
In general, your Capital One deposit accounts will remain separately insured from any Discover deposit accounts by the Federal Deposit Insurance Corporation (FDIC) for a period of 6 months after May 18, 2025.
This period provides you with the opportunity to restructure your deposit accounts to maximize FDIC deposit insurance coverage if your total holdings at Capital One and Discover exceed the current deposit insurance limit of $250,000 per depositor, per ownership category. For more information about FDIC deposit insurance coverage, please visit fdic.gov.
At the end of the 6-month period, your Capital One deposit accounts will be counted with your Discover deposit accounts for determining deposit insurance coverage by the FDIC.
However, there are exceptions for Certificate of Deposit (CD) accounts. CD accounts that mature after the end of the 6-month period will remain separately insured by the FDIC until their first maturity date after the end of the 6-month period. CD accounts that mature before the end of the 6-month period and are not renewed or are renewed for a different term or dollar amount will remain separately insured only until the end of the 6-month period. CD accounts that mature before the end of the 6-month period and are renewed for the same term and the same dollar amount remain separately insured until the first maturity date after the end of the 6-month period.
If you have less than $250,000 in combined deposits with Capital One and Discover, the acquisition won’t have an effect on your FDIC insurance coverage.
Please note that any Capital One or Discover Bank deposit accounts opened on or after the Acquisition Date are immediately counted with your other Capital One deposit accounts for determining deposit insurance coverage by the FDIC.