No monthly fees, no minimums, and a competitive APY
No fee to use a Schwab Bank ATM. 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)
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Hi my name is Rickey Saulsberry 11/15/1957 433-23-1580 I have been totally abused by this bank from my Character as a 22 year old veteran of The United States Military first and foremost but more importantly as an American Citizen of the USA. I went through and still going through things to where my Health plays a very big part of my life my daughter died from Cov-19 and I'm raising my Grandchild and being the sole provider of my family working 6 days a week for me to be locked outta my account for a month and 2 weeks to being back in my account just to be kicked out 20 mins after. Know I have one of your personal telling me I can't close my account because I refuse to lay down to this dramatic treatment is very ridiculous and I won’t stand for it. Hopefully someone hears me because some at this bank don't. Not to mention you have maybe a great Manager at one of your banks as being at the job he does but when it comes to helping a customer he has NO RESPECT AT ALL. I've fought and been Deployed twice in 22 yrs for our country and he'd rather treat and discriminate me as a criminal but I won’t be terrified of anything on my own Soul. He's rude and every Military Base in the United States will hear about this when I'm done. I have been fully verified by this bank. I'm a 65 yr old man who just doesn't have the time or patience for this anymore. I have a News broadcast with my NIECE who is the Head Broadcaster at KNOE news. I will have my day. Thank you
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Product: Charles Schwab Bank Checking
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awata89 @awata89
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1 Star Rating
Originally, it was working fine but randomly. They notified to close my account both brokers and checking as well as saving account. Now, I cannot access to it. It's terrible. I trusted them but they failed me so badly. I don't recommend anyone to use this bank. We don't know what they would do to you randomly like me. Be cautious with this bank.
Two things that are very appealing right off the start. One, they offer checking accounts with no fees, and two, they offer access to a brokerage account after opening a checking account. I love these features and I’m sure I’m not alone. That’s where the positives end. I have experienced many negatives with this bank, one being that when need the assistance of a banker, you can’t go into a branch to chat with a real person face to face, which I believe is very beneficial for meeting client needs and it’s also more personal. Instead, Charles Schwab only allows clients to call in, meaning you talk to someone different each time you call. There’s no consistency as every banker has their own way of explaining things while others neglect sharing helpful or important information for unknown reasons. It’s also very difficult to get in touch with the correct person when calling in because the automated feature often connects you with someone on the investment side rather than the banking side. Furthermore, the app is not very intuitive or user friendly and often slow to reflect your true balance. This is especially true for the brokerage balance. In fact, you have to navigate through several tabs to find your true balance for your brokerage account because the summary page does not show the accurate balance if you have “several” transactions. Also, when calling in a banker will likely suggest that using the online site is perhaps more accurate than their app. Clearly this indicates that they are aware of issues regarding their app, her in the five years I’ve been a client, the app has changed very little, so I question how serious this bank takes any issues or concerns. Lastly, this is the only bank I’ve been with where a transaction from Adobe and Apple reflect as posted while simultaneously showing the same charge(s) as pending for two to thee weeks. Every time I’ve brought this issue up to the bank, they blame the merchant and suggest I call them to have the pending charge removed. In doing so, both merchants have blamed the bank and inform me to call the bank. I’ve always been the monkey in the middle and years later there is still no solution. Keep in mind that while these transactions are pending, it’s money I do not have access to, so beware.
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Product: Charles Schwab Bank Checking
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formykids415 @formykids415
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1 Star Rating
I opened an account and made several deposits and they suspended my account. I verified myself multiple times and they eventually closed my account. I've been calling asking when will I receive a check for my money that was in the account and im still getting the run around. They stole my money from me with no explanation. This is a bank of crooks.
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Product: Charles Schwab Bank Checking
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jerredand @jerredand
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1 Star Rating
Schwab bank uses a third party company to administer their bank bill pay. This company lacks any of the normal bank security and integrity, I would warn all Schwab banking customers, until you might have a issue using Schwab's bill you will not know how sleazy this third party bill pay administers issues that a real bank services will give you. Schwab's bank bill pay is a sleazy company and they could freeze your assets at their discretion. WARNING SCHWAB'S BILL PAY IS UNRELIABLE WITH CUSTOMER SUPPORT.
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Product: Charles Schwab Bank Checking
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hannahegardner @hannahegardner
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1 Star Rating
Would give 0 stars if possible. I opened a high yield investor checking account in August and called countless times about hold ups in approving my application and getting the debit card. NO ONE contacted me when there was a hold because they were unable to validate my address. I had to reach out and get it done. Fine. Then three months later after multiple requests for them to send a debit card to me I still didn’t have it. They assured me it was delivered to my address. I gave up and closed the account. What else can I do? They were zero help and basically told me well we did everything we could. So I said “same!” And closed my account. Thankfully I never deposited to the account because their track record shows I may have never gotten it back!
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Product: Charles Schwab Bank Checking
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kc7zpy @kc7zpy
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1 Star Rating
Wasted our time.
We heard this account was good for those living or traveling internationally because the fees were low. So we went thru all the steps two setup an account, spent the time verifying external accounts, got the cards at my US address and after all that and it would not work. So we called them and they said. Oh since you were from a Mexico IP address you have to come to the USA and show us your ID at a local branch.
Obviously, I’m not driving thousands of miles so they satisfy some arbitrary policy that they never bothered to tell us about. There are many ways they could verify this. Just wanted to warn others. They completely wasted our time.
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Product: Charles Schwab Bank Checking
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Matt S @mskas
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2 Star Rating
No ATM fees and easy to transfer money. I lost my debit card called on the 1st of month and still have not received a new on one the 12th. When I called today (12th) they said they can expedite it for $15.00 and I will have by the 14th. This is just too long to wait to get a card, and why should I have to pay to ship it when it has taken them 11 days snail mail. May have to go elsewhere
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Product: Charles Schwab Bank Checking
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bilguun_u @bilguun_u
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1 Star Rating
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.
I switched over to Charles Schwab before traveling abroad because their debit card for the checking account has no ATM fees anywhere (they refund ANY ATM fees you pay EVERY) and no transaction fees. They were incredibly helpful in helping me set up the account as well as resolving any issue that came up (setting up travel alerts, making deposits, transferring funds electronically, etc). Customer service was definitely exceptional and I would recommend to anyone.
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Product: Charles Schwab Bank Checking
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Charles Schwab Bank Checking Accounts Q&A
Get answers to your questions about Charles Schwab Bank Checking Accounts below. For more general questions, visit our Answers section.
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.
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.
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