Discover Financial Services announced the elimination of all fees on deposit accounts for its Discover Bank customers, including checking, savings, money market and CD accounts.

Discover is eliminating fees for monthly maintenance, checkbook orders, replacement debit cards as well as insufficient funds, stop payment requests, excessive withdrawals and falling below monthly minimums balances. The Riverwoods, Illinois-based company also provides no-fee access to 60,000 ATM locations worldwide.

"Helping our customers lead better financial lives is at the heart of everything we do, whether that's removing fees, offering industry leading rewards or consistently delivering distinctive customer experience,” Arijit Roy, vice president of deposits at Discover, said in the announcement. "Removing all deposit account fees was an easy decision for us based on our commitment to offer the most rewarding banking products in the industry.”