Charles Schwab Bank High Yield Investor Checking

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1 2 3 4 5 Your Rating: Excellent

Info about the Charles Schwab Bank High Yield Investor Checking has been collected by WalletHub to help consumers better compare checking accounts. The financial institution did not provide the details.

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Charles Schwab Bank High Yield Investor Checking Rates

$1+

0.31%

MINIMUM TO OPEN None

Charles Schwab Bank High Yield Investor Checking Fees

MONTHLY FEE None
MIN BALANCE TO AVOID MONTHLY FEE N/A
OTHER WAYS TO AVOID MONTHLY FEE N/A

PAPER STATEMENT
FEE None
OVERDRAFT FEE None
NEGATIVE ACCOUNT BALANCE FEE Info Not Found

Charles Schwab Bank High Yield Investor Checking ATM & Debit Card Usage

IN-NETWORK ATM TRANSACTION FEE None
ATM NETWORK SIZE N/A
OUT-OF-NETWORK ATM TRANSACTION FEE None
REBATE OF ATM OWNER SURCHARGE Offered, no limit mentioned

FOREIGN ATM FEE None
DEBIT CARD VISA
DEBIT CARD FOREIGN TRANSACTION FEE None

Charles Schwab Bank High Yield Investor Checking Additional Info

REWARDS No
ONLINE BILL PAY FEE $0 per month
ADDITIONAL REQUIREMENTS Must be linked to a Schwab One® brokerage account.

Unlimited ATM fee rebates worldwide.
When you open your High Yield Investor Checking account, you’ll be opening a brokerage account at the same time and receiving a separate account number for each. You can view both accounts online with a single login, pay no monthly or low-balance fees, and easily transfer funds between accounts for free.
Domestic wires only (Schwab Bank does not send wires to countries outside the U.S. and its territories).

Apply Now

at Charles Schwab Bank's
secure site

Charles Schwab Bank High Yield Investor Checking Interest Rate Tracker

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at Charles Schwab Bank's
secure site

The graph above is based on WalletHub data. Actual rates may vary. For time periods with multiple applicable rates in our database, based on different criteria, the above graph reflects the lowest interest rate recorded. Before submitting an application, always verify the rates, fees, and all terms and conditions with the respective financial institution.

Customer Questions and Answers

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Are there any currency conversion fees when withdrawing money overseas? I understand that ATM fees are reimbursed but the actual conversion? Reply 5 5

WalletHub

@WalletHub

When using your debit card to withdraw foreign currency from an ATM or to pay for a purchase with foreign currency, the bank will charge your account only for the U.S. dollar equivalent of the transaction. There is no additional percentage added for the foreign currency transaction.

12 3

5 Upvotes

Is the 'currency conversion' where they make up the 'free ATM' offer? Reply 5

WalletHub

@WalletHub

Charles Schwab Bank does not charge a currency conversion fee when using your debit card.

5 Upvotes

What is the fee to use debit card in Europe to get euros? Reply 4 4

WalletHub

@WalletHub

The Visa debit card offered by Charles Schwab has no foreign transaction fees or currency conversion fees. In addition, all of the ATM fees are refunded back to you at the end of each month, without a limit.

4 Upvotes

What are the requirements for obtaining the high-yield investor checking account? I have poor credit and have been denied once. Reply 4 5

WalletHub

@WalletHub

When you attempt to open a high yield investor checking account, the bank will do a soft inquiry on your credit, and you should have at least good credit. For more information, please call customer service at 800-540-6718.

4 Upvotes

What is the daily withdrawal limit on the ATM card? Will Schwab mail new or replacements ATM cards to an overseas address? Reply 33 21

WalletHub

@WalletHub

With Charles Schwab you have unlimited free ATM withdrawals. Yes, the bank sends replacement cards overseas.

33 Upvotes

Is the Visa debit card chip embedded? I will be traveling in Europe where it is required. Reply 3 2

WalletHub

@WalletHub

Unfortunately, this information is not made available on the bank’s website. Please call customer service at 800-540-6718 for more details.

6 2

3 Upvotes

What is the FDIC Insurance on this account? Reply 2 2

WalletHub

@WalletHub

The Schwab Bank High Yield Investor Checking Account has a FDIC insurance of up to $250,000.

3 1

2 Upvotes

Can I open a bank account? I have a SSN, U.S. address and U.S. bank account, however I live out of the country. Reply 2

WalletHub

@WalletHub

Yes, you should be able to open a bank account. The bank requires a U.S. permanent resident address, Social Security number or Tax ID, Driver's license number, state, and expiration date and Employer's name and mailing address (if you have an employer).

2 Upvotes

How good of a credit score do I need to be approved? Has anyone opened an account with a 660 credit score? Reply 18 10

WalletHub

@WalletHub

You should be able to open a checking account since you have good credit rating, but for more information, please refer to the bank’s customer service at: 800-540-6718.

18 Upvotes

How can I see my cancelled checks from this year? Reply 1

Lisa Cahill

@lisacahill

While Charles Schwab Bank does not offer specific information regarding this topic, typically customers can have access to their canceled checks two ways. First, those who utilize online banking can also access copies of their canceled checks via the web. Second, clients may call customer service to request copies of their canceled checks. By law, financial institutions must keep canceled checks for seven years, so you should be able to receive this year's copies. For more information, please call customer service at 866-855-9102 or log into your account at: https://client.schwab.com/Login/SignOn/CustomerCenterLogin.aspx.

1 Upvote

Reviews

Charles Schwab Bank High Yield Investor Checking Reviews

Help fellow WalletHub members save money. Share your insights and review the Charles Schwab Bank High Yield Investor Checking:

3.9

Overall Rating: 3.9 / 5

Total Ratings: 379

5 star 113
4 star 154
3 star 71
2 star 31
1 star 10

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YesUsefulNo1

By: bilguun_u

Horrible bank. Originally opened a checking account with them to avoid ATM fees and foreign transaction fees because I am a frequent traveller. However, every time I've tried to use the card, there have been issues that have prevented it. Everything takes days or even weeks to process. Usually takes 10 days to deposit a check. Expect to have to send in physical mail forms and handwritten letters for most things you want to do. Worst of all, they randomly suspended my account. When I called in to regain access, they said my birth date as well as all my other personal information was wrong. I was told to go into a branch to fix this. When I went to the branch, I was told to send a notarized letter to fix it. That sealed the deal for me and I will no longer be banking with Schwab.

November 14, 2016 · Flag

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By: daveb

I've been with Schwab for roughly 5 years now, and have been extremely impressed. In that time I don’t think I have been charged a fee the entire time. I am able to use any ATM anywhere and not be charged any fees. I get free online bill pay, I get free checks, reimbursement of all ATM fees charged by the machine, and, no currency conversion fees (at least where I have traveled too internationally). I have called customers service a handful of times and always been very happy with the level of service provided.

August 18, 2015 · Flag

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By: sillygirly

I love my Charles Schwab Investor Checking account. I have no complaints at all with them. When I first opened the account it was mainly just for transferring money to and from my brokerage account. But I have found myself using it more and more. Fantastic customer service as well, you really can't go wrong with them.

May 25, 2015 · Flag

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By: esmith123

I originally opened this checking account to be able to easily withdrawal funds from my schwab brokerage account, and it has slowly turned into my everyday checking account. The overall fee schedule is wonderful and transparent, you easily avoid a monthly fee and I get all my atm fees reimbursed. There are of course fees for bounced check, overdraft, etc.. but no out of the ordinary hidden fees you need to watch out for. They offer a mobile check deposit limit that is easy to use. It does have a 10K limit so if you need to deposit more you can mail to them or stop in a schwab office, which most major cities offer. The only issue is cash, which is an issue almost every mobile based bank deals with. I have had a few times where I either needed to withdraw specific cash or deposit a large amount ( casino winning!) and this account made that hard to do. I knew that going into a mobile account so schwab doesn't lose a star for that. Overall the fees, reimbursements of this account outweigh the negatives. I see this account being my "go to" checking for the long haul!

April 15, 2015 · Flag

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By: josephsenor

Charles Schwab is the best bank account I have ever had. I have had bank accounts with Bank of America, which is just a purely awful company. The most amazing thing about Charles Schwab is that they reimburse atm fees no matter where you are in the world. This is very useful, and is just one less fee you have to worry about when travelling or doing something that I feel should be free anyway.. you know, getting money out of your account. I recommend this bank account to anyone out there looking for a new company to start banking with. I really should have bought shares in this company when it was at $7, because I realized then the amazing customer service and services they provided. Currently that stock is over x4 that price.

March 3, 2015 · Flag

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By: crachau

I've been with Schwab bank for several years now, and have been extremely happy! Their customer service is top notch, and the speed at which deposits via their app are credited to my phone never ceases to amaze me! They generally have full availability within hours, I've never seen another bank do that... I would highly recommend them!

February 18, 2014 · Flag

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By: jacoby_greene_39

The Schwab High Yield Investor Checking Account was the checking account that replaced my awful Bank of America checking account in 2007. I've had absolutely no issues with my Schwab checking account. This account charges no maintenance fees, or inactivity fees which is useful for those who never keep much money in a single account. The Schwab checking account interacts very well with their brokerage services, allowing you easily purchase and sell stocks at a great trade rate. Overall, I highly recommend checking out the Schwab High Yield Brokerage Checking account if you're looking to make the jump from your current bank's checking service.

November 8, 2013 · Flag

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Charles Schwab Bank High Yield Investor Checking

Charles Schwab Bank High Yield Investor Checking Rates

Charles Schwab Bank High Yield Investor Checking Fees

Charles Schwab Bank High Yield Investor Checking ATM & Debit Card Usage

Charles Schwab Bank High Yield Investor Checking Additional Info

Charles Schwab Bank High Yield Investor Checking Interest Rate Tracker

Customer Questions and Answers

Are there any currency conversion fees when withdrawing money overseas? I understand that ATM fees are reimbursed but the actual conversion? Reply 55

Is the 'currency conversion' where they make up the 'free ATM' offer? Reply 5

What is the fee to use debit card in Europe to get euros? Reply 44

What are the requirements for obtaining the high-yield investor checking account? I have poor credit and have been denied once. Reply 45

What is the daily withdrawal limit on the ATM card? Will Schwab mail new or replacements ATM cards to an overseas address? Reply 3321

Is the Visa debit card chip embedded? I will be traveling in Europe where it is required. Reply 32

What is the FDIC Insurance on this account? Reply 22

Can I open a bank account? I have a SSN, U.S. address and U.S. bank account, however I live out of the country. Reply 2

How good of a credit score do I need to be approved? Has anyone opened an account with a 660 credit score? Reply 1810

How can I see my cancelled checks from this year? Reply 1

Charles Schwab Bank High Yield Investor Checking Reviews

Join WalletHub

Are there any currency conversion fees when withdrawing money overseas? I understand that ATM fees are reimbursed but the actual conversion? Reply 5 5

What is the fee to use debit card in Europe to get euros? Reply 4 4

What are the requirements for obtaining the high-yield investor checking account? I have poor credit and have been denied once. Reply 4 5

What is the daily withdrawal limit on the ATM card? Will Schwab mail new or replacements ATM cards to an overseas address? Reply 33 21

Is the Visa debit card chip embedded? I will be traveling in Europe where it is required. Reply 3 2

What is the FDIC Insurance on this account? Reply 2 2

How good of a credit score do I need to be approved? Has anyone opened an account with a 660 credit score? Reply 18 10