Your checking account | Capital One
Discover is part of Capital One
Your Discover checking account is becoming a Capital One checking account.
We’ll do the heavy lifting
We’ll set up your Capital One 360 Checking account with direct deposits, past statements and other account settings. When it’s time, we’ll be in touch about your bank account and send you more info about how to manage it using the Capital One website and app.
What to expect
No monthly fees
Never pay minimums, monthly maintenance, overdraft or other fees—what you earn is what you keep.1
Same account number
Keep the same account number with a new Capital One routing number.
Ongoing support
When your account is ready, we'll give you a heads-up and help you sign in.
Interest on checking
You'll earn interest on your Capital One 360 Checking account.
In person support
Get support for your banking needs at local Capital One Cafés and branches.2
Over 70,000 ATMs
Get cash at 70,000+ fee-free Capital One, MoneyPass® and Allpoint® ATMs.3
Updates to your Cashback Debit rewards
Capital One 360 Checking accounts don't offer Cashback Debit rewards. Any unredeemed rewards you have will be deposited into your account as a statement credit before your Discover checking account becomes a 360 Checking account.4
To welcome you to your new Capital One 360 Checking account, we'll also make an additional one-time rewards deposit into your eligible account once it's set up with Capital One.5
The rewards deposit will be equal to the total Cashback Debit rewards you earned over the last 12 statements prior to the month that your account became a Capital One account.
We'll reach out to provide you with the exact dates that qualify for rewards in a separate communication. You can expect your rewards deposit within 30 days of your account becoming a Capital One 360 Checking account.
Keep using your Discover debit card
You can continue to use your current Discover debit card after your account becomes a Capital One 360 Checking account.
Some customers may receive a new Discover debit card to help ensure a smooth transition. We’ll notify those customers directly. Otherwise, please continue to use your current debit card after your account becomes a Capital One account.
When it’s time, manage your account with Capital One
We'll let you know when to start managing your account using the Capital One website and app. There's nothing you need to do until you hear from us.
Your money, managed your way
Debit card
You can continue using your most recently issued Discover debit card even after your account becomes a Capital One account.
Direct deposits
You’ll still be able to receive direct deposits up to 2 days early.6
Upcoming transactions
Scheduled checks, transfers scheduled through Discover and direct deposits will still be completed.
External accounts
Any eligible external accounts, joint account holders or beneficiaries will be set up for you.
Zelle®
Continue to send and receive Zelle® payments with your Capital One account.7
Overdraft protection
Your Capital One account will have overdraft services available to you.
Frequently asked questions
Will my checking account features change?
Your checking account will become a Capital One 360 Checking account.
We’ll send you a change in terms notice and your new account terms with details about changes. Some of these changes include:
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Variable interest rate: 360 Checking accounts earn a variable interest rate of 0.10% APY on balances.
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Cashback Debit rewards: Capital One 360 Checking accounts don’t offer rewards on debit card purchases.
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Routing number: Accounts will have a Capital One routing number. Any checks and transfers scheduled through Discover will still work with your old routing number. However, updating your routing number when your account becomes a Capital One account can help avoid delays with transactions. You’ll need to use Capital One’s routing number for wire transfers or your wires will be returned. You’ll also need to relink third-party apps (such as PayPal, Venmo and Robinhood) so transfers you set up there go through.
If you have a Discover Personal Checking account, your account didn’t earn Cashback Debit rewards with Discover, but the other changes are the same.
Will I lose access to my accounts on Discover.com or in the Discover app?
Not all Discover accounts will be ready to manage with Capital One at the same time.
You can continue using Discover.com or the Discover app for any accounts that are still with Discover.
After an account is set up with Capital One, you’ll use the Capital One website and app to manage that account. You’ll no longer be able to view or manage that account on Discover.com or in the Discover app.
Will I need to create a new username and password?
You may be able to use your existing username and password depending on where you manage your accounts:
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If you’re an existing Capital One customer, you’ll keep using your Capital One username and password.
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If you’re not an existing Capital One customer, you’ll be able to use your Discover username and password—unless that username already exists with Capital One. You can also reset your password if you'd like to.
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If you have multiple Discover accounts, they may be ready to manage with Capital One at different times. In that case, you’ll need to create a separate username and password for Capital One.
When it’s time for you to set up online access, we'll reach out with info on how to get started.
Will my account and routing number stay the same?
Your account number will stay the same, but your routing number will change after your account is set up with Capital One.
Any checks and transfers scheduled through Discover will still work with your old routing number, including direct deposits.
However, updating your routing number when your account becomes a Capital One account can help avoid delays with transactions.
You’ll need to use your Capital One routing number for wire transfers or your wires will be returned. You’ll also need to relink third-party apps (such as PayPal, Venmo and Robinhood) so transfers you set up there go through.
Using your Capital One routing number may also qualify you to receive instant transfers from external accounts or third-party apps.
An instant transfer is a real-time payment method offered by some merchants that’s available 24/7 and routes funds within minutes—unlike traditional ACH transfers, which are limited to business hours and can take days to clear.
What do I need to do?
We'll reach out by email or letter with advance notice when there are updates to your Discover account and when you need to take action. Until then, you can keep managing your account using the Discover website and app.
Have another Discover account?
You'll receive more info from us about each Discover account you have. Keep in mind that if you have multiple accounts, they may not move to Capital One at the same time.