Yep, just got done posting that elsewhere, and I thought I would add it here. Just talked to a rep the other day with that question and the DOUBLE cashback is strictly DEBIT CARD NOT bill pay or checks. Using bill pay and checks in the "double rewards" time period eats into the 100 transactions a month as well lowering your ability to get 100 debit transactions if that makes sense. Either way I still love my account.
To comment on the ACH taking forever....I agree. I actuallly have an American Express savings as well as my Discover and I can tell you this. Discover is exactly 3 days, BUT what you don't hear is thats "business days" and DEPOSITS on the 4th day. My American Express on the other hand, although it has varied, takes 2 days and deposits on the 3rd. My way around this is just to write out one of the thousands of checks I never use from my local bank to myself or wife and deposit it into the account that way which if done before 6:30pm eastern time is deposited to your account the next day. Obviously with the first 30 days of account opening there is a limit of $2500 I think and also only the first $200 is available right away with the rest being held for up to 7 business days (This sucks, but again just for first 30 days then no restrictions). You can also bypass this if you already had an account before opening the checking acount. For instance my savings account I got back in 2011 so instead of depositing into my checking I just put it straight into my savings account to avoid the 7 day hold. (keep in mind federal restrictions of 6 withdrawls from this savings per month) ANOTHER way around it is just to deposit checks in $200 incriments to avoid the hold as well.
Also tested Discovers Bill Pay system on my Capital One card if anyone was interested in knowing. Really easy to set up a payee. Entered CapOne into their search and selected the CapOne Card option and entered my card number and that was all. First electronic payment I set up for a Monday to test out how fast they work. The payment started processing on Saturday, showed paid on Sunday and Monday, but never showed on my CapOne until Monday night since thats when CapOne processes my payments. Discover didn't pull the money from my account until CapOne posted it to my card. In case anyone else was wondering Bill Pay payments don't show in the payment activity section instead just show as an electronic payment in your transaction log. So far I am very happy, except for the fact that I got my checks yesterday and still no debit cards yet....convenient considering double cash back from debit purchases window is closing fast. They said a piece of mail was sent back saying it was undeliverable......hmmmm my cards. So far thats the only issue. Hope this helps anyone interested in the account in the future.
