Discover has sent out an e-mail to Checking, Savings & Money Market account holders notifying them of a positive change. Starting May 7th, 2018:
During each calendar year (January 1 through December 31), if one of your Eligible Accounts is subject to one of the Eligible Fees, we will apply the Eligible Fee and then credit your account for the first Eligible Fee that would be applicable to your Eligible Account. For clarity, each Eligible Account is allowed one, and only one, Eligible Fee to be forgiven per calendar year.
Eligible fees are as follows:
- Excessive Withdrawal Fee
- Insufficient Funds Fee
- Stop Payment Fee
- Money Market Minimum Balance Fee
Basically this means if you are charged one of the above fees you’ll be refunded the first fee each calendar year. I like changes like this, everybody makes mistakes from time to time and it’s nice not to be punished too much in the first instance.
Hat tip to Travel With Grant
