Charles Schwab Bank High Yield Investor Checking

3.9 375 reviews Write a Review!

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.

JUMP TO: RATES | FEES | USAGE | REVIEWS | Q&A

Charles Schwab Bank High Yield Investor Checking Rates

$1+

0.25%

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

Apply Now

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

Don't see what you're looking for? Submit your question about Charles Schwab Bank High Yield Investor Checking to our community.

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

Jan 29, 2016 · @WalletHub

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

33 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

Feb 12, 2016 · @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

What if I need a replacement ATM card? Where can I get one and how fast? Reply 18 12

WalletHub

Jan 29, 2016 · @WalletHub

If you need a replacement card, please call customer service at 800-540-6718 and they will mail one to you.

18 Upvotes

Is this card going to charge for each online transaction? I'm currently living in Malaysia. Reply 10 6

WalletHub

Jan 29, 2016 · @WalletHub

If you use Schwab Bank Bill Pay, you can pay your bills with no fees. For all your other online transactions, please refer to customer service at 800-540-6718.

10 Upvotes

Does the checking account allow deposits of two party checks? Reply

WalletHub

Jan 29, 2016 · @WalletHub

For information about your particular situation, please call customer service at 800-540-6718.

0 Upvotes

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

WalletHub

Oct 5, 2015 · @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

Does this debit card have a Visa or MasterCard logo? Reply

WalletHub

Aug 18, 2015 · @WalletHub

According to the company’s website, you will receive a Visa Platinum debit card once your checking account is funded.

0 Upvotes

Do they automatically mail a debit card once the account is funded? Reply

WalletHub

Aug 21, 2015 · @WalletHub

Yes, according to the company’s website, you will get a Visa Platinum debit card once your checking account is funded. You can find out more by visiting this page: http://www.schwab.com/public/schwab/banking_lending/checking_account

0 Upvotes

Is there a Charles Schwab Investor Checking foreign transaction fee? Reply

0 Upvotes

What would the likelihood of getting a Charles Schwab Investor Checking Account with bad credit? I have poor credit that is being in the process of rebuilding. I have more then enough funds to meet minimum requirements that is needed from Schwab. Reply

Oct 17, 2018 · @maxjslavin

Lisa is incorrect. The Schwab Investor Checking does indeed pull your credit, as Schwab is a bit picky with who they allow to be customers. Generally you will need to have a credit score of 680 or higher, or they will close your account within 2 business days and send you a letter that they have chosen not to do business with you. The likelihood with bad credit would be 0

View more answers

0 Upvotes

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: 375

5 star 112
4 star 152
3 star 71
2 star 31
1 star 9

Sort by:

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.… read more

November 14, 2016 · Flag

Comment Follow

Comment

YesUsefulNo0

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).… read more

August 18, 2015 · Flag

Comment Follow

Comment

YesUsefulNo0

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

Comment Follow

Comment

YesUsefulNo0

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… read more

April 15, 2015 · Flag

Comment Follow

Comment

YesUsefulNo0

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..… read more

March 3, 2015 · Flag

Comment Follow

Comment

YesUsefulNo0

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

Comment Follow

Comment

YesUsefulNo0

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… read more

November 8, 2013 · Flag

Comment Follow

Comment

Users also submitted 368 ratings without a full review

Page: 1

Century Bank Silver Checking

Chartway Federal Credit Union LifePlus Checking

Mention this checking account using @1000070b.

Related Checking Accounts

If you are interested in the Charles Schwab Bank High Yield Investor Checking, check out the following:

4 Ally Bank Interest Checking Account

3.5 Capital One 360 Checking Account

4 FNBO Direct Online Checking Account

0 Community Bank, N.A. Direct Interest Checking

WalletHub is an independent comparison service.

We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. When you click “Apply Now” you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

Ad Disclosure: Offers originating from paying advertisers are noted as "Sponsored" at the top of this page. Advertising may impact how and where offers appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Irrespective of whether an offering institution is a paid advertiser, the presence of offer information on WalletHub does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.

Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.

GET YOUR FREE CREDIT SCORE & REPORT

Join WalletHub

+ 100% FREE

+ Unlimited Credit Reports

+ Unlimited Credit Scores

+ Credit Monitoring Protection

+ Credit Improvement Tips

+ Automatically Finds Savings

No credit card needed

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

Is this card going to charge for each online transaction? I'm currently living in Malaysia. Reply 106

What would the likelihood of getting a Charles Schwab Investor Checking Account with bad credit? I have poor credit that is being in the process of rebuilding. I have more then enough funds to meet minimum requirements that is needed from Schwab. Reply

Charles Schwab Bank High Yield Investor Checking Reviews

Join WalletHub

Is this card going to charge for each online transaction? I'm currently living in Malaysia. Reply 10 6