Just one capital bought a discovery. Here is what it means to its customers.

• On Sunday, Capital One got Discover Financial, as she became the sixth largest American bank by assets.

• Discover, which focuses online, will get a large physical imprint of the deal.

• A couple of senior Democrats warned last month that the deal could spell the troubles of customers.

Capital is one Required financial discoveryTo become the sixth largest bank in the United States depending on the size of the assets.

In the profit call last month, Capital ONE CEO, Richard Ferbank, said the goal is to “preserve the best” of what Discover does, such as advertising and focusing on customer experiences.

For the first time, 35.3 billion dollars were announced to acquire Discover in February 2024.

The deal was approved by the organizers last month, despite the recovery of Democrats from senior Democrats and consumer advocates who raised concerns about the low competition and risk of low -income customers and those with bad credit grades.

Capital One and Discover representatives did not respond to the comment. On Monday, both banks said that “customer accounts and banking relations are still unchanged” at this time.

Here is what the customers of each of the two companies stand and lose from the deal.

The largest capital may mean more products, but some Democrats have warned of high fees.

The first capital said that the merger would increase the competition with the transactions giants Visa, MasterCard, and American Express Improving access to low -income customers.

In a white paper published in July, four economists and lawyers at the International Center for Law and Economics wrote that the merger may finally end the visa and MasterCard “SuPoly”.

They added that the merger will allow Capital is one Switch their discount cards to payment networks for payment networks, and may offer “more attractive products for depositors”. This can include free examination accounts with no minimum limit for balance rules and discount cards while recovering money for low -income customers.

The ICLE Group wrote that the costs of costs and other benefits from the acquisition can make the capital a stronger competitor on a “giant like Jpmorgan Chase, Citibank and Bank of America”.

The merger does not seem to mean any major immediate changes. Discover said that accounts are not related to the new owner of the company, so the capital branches and customer service cannot help discover products.

recently, Discover Customers may have greater access to the bank through the Capital One branches and ATMs. Currently, Discover has only one physical location in Dilayer.