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Schwab Bank High Yield Investor Checking Account®

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Pay no ATM fees worldwide with our popular online checking account.1 There are no monthly service fees, you’ll earn interest on your balance, and your account is FDIC-insured.

What are the fees and minimums?

  • Monthly service fees: $0
  • Account minimum: $0

What do I get with this account?

  • Unlimited fee rebates from any ATM worldwide1
  • A 0.13% APY variable interest rate on any balance2
  • Free bill pay on Schwab.com and Schwab Mobile
  • Apply for Schwab Mobile Deposit™ to deposit checks from anywhere
  • Free standard checks and a Visa® Platinum debit card once the account has been funded. 
  • FDIC insurance up to $250,0003
  • A linked Schwab One® brokerage account
  • Link to Apple Pay™ to make purchases with your iPhone® 6 or iPhone 6 Plus Learn more.
  • Enroll your Schwab Bank Debit Card with Visa Checkout for a convenient and more secure online purchase experience with participating merchants. Enroll at Visa Checkout.

View High Yield Investor Checking Account Features and Fees.4

See client reviews

Ready to get started?

Apply Now

Need help? Call
800-540-6718.

Satisfaction Guarantee

We believe every investor deserves to work with a firm they can count on. At Schwab Bank, our commitment to your satisfaction is backed by a Satisfaction Guarantee.5 If for any reason you’re not completely satisfied, we’ll work with you to make things right. Learn more about our Satisfaction Guarantee.


Take the next step.

Open a Schwab Bank High Yield Investor Checking account today.

Apply Now

Find out how we make it easy to manage your banking and brokerage activities in one convenient location. Watch now.



High Yield Investor Checking is rated 4.4 out of 5 by 1059.
Rated 5 out of 5 by from Amazing Account, Please do not change a thing! I got this account before I moved to Europe two years ago. This account has been wonderful. I don't have to pay for ATM fees, I don't have to pay to maintain either account. And today I found out that my online job is switching from PayPal and needs to send the money directly to my account via international wire transfer. My other bank charges $40 to receive it. I called Charles Schwab today and they told me that I can get it sent to my brokerage account for no fee. This account has saved me so much money over the past two years! I'm never banking anywhere else!
Date published: 2017-03-27
Rated 4 out of 5 by from checking and brokerage accounts just opened check and brokerage accounts and very happy. excellent customer service, always available, easy to use on-line account with bill pay. Love the ability to have my bills sent directly to bill pay. Would highly recommend
Date published: 2017-03-23
Rated 2 out of 5 by from Low Interest Rate Lower interest rate than at other online banks
Date published: 2017-03-23
Rated 5 out of 5 by from excellent services. Schwab meets and exceeds all my expectations
Date published: 2017-03-17
Rated 5 out of 5 by from No fee, Go free! Great banking packages without any fee, can withdraw money everywhere in the world for free. The only draw back is that the interface should be designed more similar to commercial banks with less connection to brokerage.
Date published: 2017-03-14
Rated 5 out of 5 by from Great features, security and service! Opened my account a few weeks ago, so far I love it. The app is easy to use, linked my accounts, friendly fast service, always able to speak to a live rep when needed! Highly recommend ! Looking forward to playing with my brokerage account soon!
Date published: 2017-02-13
Rated 5 out of 5 by from Outstanding The customer service is amazing. I've never had an issue that wasn't resolved promptly. Schwab goes way beyond what I've experienced (or even heard of) at any other bank. I'm surprised everyone doesn't have a checking account here.
Date published: 2017-02-11
Rated 5 out of 5 by from No monthly fee, no ATM fee, no limit on int'l wire transfers I never thought I would be writing a review about a bank account, but here I am. I signed up for the High Yield account before I moved overseas. You can access your money from any ATM with no fee, from anywhere in the world. I finally settled in Denmark and purchased property here. With the Schwab account, I was able to wire transfer all my money internationally with only a $25 flat fee. I'm closing my Chase account and never looking back
Date published: 2017-02-10
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