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No monthly fees· #2
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Discover Cashback Debit

Discover Bank

Discover Cashback Debit

1% cash back on every debit card purchase — zero fees

The Discover Cashback Debit account is the only major debit card that pays cash back — and for a college student spending $1,000-$2,000/month, that's $120–$240/year back in your pocket. No fees, massive ATM network, and Discover's solid customer service make this an easy recommendation.

✓ Pros

  • 1% cash back on up to $3,000/month in debit purchases
  • No monthly fees, no minimum balance
  • 60,000+ fee-free ATMs via Allpoint and MoneyPass

✕ Cons

  • Online-only bank — no physical branches
  • ATM network less dense than Chase in some campus areas

Scores

Overall
9.1
Safety
9.3
Value
9.7
Ease
9.2
Quality
9

Specifications

monthly Fee$0
cashback1% on debit purchases up to $3,000/month
atm Network60,000+
min Balance$0
overdraft FeeNone (no overdrafts possible)