Consumer Payment Card News

Discover Current

Discover Financial Services has introduced a debit card for teens. The new “Current” card by Discover eliminates the risk of overdraft fees and offers members-only in-store coupons and online discounts at hundreds of merchants. The new card is also offered in seven designs. Parents can deposit funds directly onto their teens “Current by Discover Card” at no cost from their credit card, bank account or through recurring deposits. Spending activity is easy for parents to track online at the “Current Account Center” and through e-mail and text message alerts. Cardholders pay a $5 monthly charge for each card, or save $10 by paying an annual fee of $50. Fees include four free ATM withdrawals per card per month. For more information visit: “http://www.currentbydiscover.com”:http://www.currentbydiscover.com

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