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Schwab Bank High Yield Investor Checking Account®

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Schwab Bank High Yield Investor Checking® Account

Linked to a Schwab One® brokerage account, our no-ATM-fee1 checking account makes managing all your finances simpler. Ready to get started?

Open a Checking Account

Choose an account type:

Need help? Call 800-540-6718.

  • Unlimited ATM fee rebates worldwide1
  • No service fees or account minimums
  • 0.15% APY on your account balance2

Checking Accounts: How Schwab Bank Compares

Charles Schwab Bank Bank of America Chase Citibank Wells Fargo
Checking Account High Yield Investor Checking Interest Checking Premier Plus Checking Priority Interest Checking Preferred Checking
Annual Percentage Yield

0.15%

Earn at least 4X more at Schwab Bank3

0.01% 0.01% 0.01% 0.01%
Monthly Fee $0 $25 $25 $25 $15
Minimum Balance Required to Waive Monthly Fee

$0

$10K minimum daily balance

Waived if

$15K minimum daily balance

Waived if

$10K minimum daily balance

Waived if

$10K minimum daily balance

Waived if
ATM Fee Rebates Unlimited4 No Limited5 Waived* Limited5
Foreign Transaction Fees $0 3% of transaction amount 3% of transaction amount 3% of transaction amount 3% of transaction amount

What do I get with this checking account?

With this account, you can easily fund your investments and oversee all of your personal finances. You’ll also get:

  • Free bill pay on Schwab.com and Schwab Mobile6
  • Check deposit from anywhere with Schwab Mobile Deposit™
  • Free standard checks and a Schwab Bank Visa® Platinum Debit Card
  • FDIC insurance up to $250,0007
  • A linked Schwab One® Brokerage Account
  • Ability to link to Apple Pay® when you set up your compatible devices
  • Convenient and more secure online purchases when you enroll your Schwab Bank Visa® Platinum Debit Card with Visa Checkout

Open a Checking Account

Choose an account type:

View High Yield Investor Checking Account Features and Fees8

View High Yield Investor Checking Account Rates

Download the Schwab Bank Deposit Account Pricing Guide and Account Agreement

FAQs related to our High Yield Investor Checking account.

Have questions about our checking account? Here are responses to some of the most common questions we hear. If you have a specific question, please call us at 800-540-6718.

How do I open this account?

It’s quick and easy to apply online once you’ve gathered the required information. You can also download an application and mail it back to us, or call 800-540-6718 anytime for assistance.

Do I get a Schwab One® brokerage account with my High Yield Investor Checking account?

Yes, 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.

How do I make my initial deposit to my High Yield Investor Checking account?

There are several ways you can make a deposit:

  • Transfer funds to your checking account online from your linked Schwab One® brokerage account.

  • Set up direct deposit into your High Yield Investor Checking account.

  • Enroll your account in Schwab MoneyLink®.

  • Apply for Schwab Mobile Deposit™ to deposit checks from anywhere.

  • Mail a check to Schwab Bank using a free postage-paid envelope.

  • Request a wire transfer to your account from another financial institution.

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.9 If for any reason you’re not completely satisfied, we’ll work with you to make things right.

Take the next step.

Call
800-540-6718
or
Open a Checking Account

Choose an account type:

Helpful Resources



High Yield Investor Checking is rated 4.5 out of 5 by 1176.
Rated 5 out of 5 by from
Date published: 2017-08-15
Rated 5 out of 5 by from Best checking available Best checking account you can find. It consistently pays more interest than brick and mortar savings accounts and I have never paid a dime in fees over 10 years of use. Free checks too! Free brokerage account is waiting for when you are ready to invest and they make it easy to find the best rates for CDs in the nation.
Date published: 2017-08-15
Rated 5 out of 5 by from
Date published: 2017-08-15
Rated 5 out of 5 by from Never a problem
Date published: 2017-08-15
Rated 5 out of 5 by from great features
Date published: 2017-08-14
Rated 5 out of 5 by from Customer Service is Great! Customer Service is Great!
Date published: 2017-08-13
Rated 4 out of 5 by from Notable feature: ATM fee reimbursement. Schwab checking account is great except I wish it didn't take so long for funds to clear.
Date published: 2017-08-13
Rated 4 out of 5 by from Would be interested in discussing investment possibilities
Date published: 2017-08-13
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