Download the Schwab app from iTunes®Get the AppClose

  • Find a branch
  • Chat
To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Checking Account
Let's chat
Professional answers 24/7
Hi, have questions about banking solutions? I can help …
Live chat

Schwab Bank High Yield Investor Checking Account®


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 0.10% APY variable interest rate on any balance2
  • Free bill pay on 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

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 1048.
Rated 3 out of 5 by from FREE CHECKING Good for free checking, but "High-yield"??? You must be kidding
Date published: 2016-12-28
Rated 5 out of 5 by from All Around Great Company I initially got a Schwab checking account when I went overseas due to no ATM fees and since then I have recommended Schwab to countless people and will continue to do so. I have been so pleased with how easy it is to do banking with Schwab despite how few actual locations there are. It's pretty unnecessary to even need to go to a physical location. The customer service is also fantastic, which is hard to find with most companies!
Date published: 2016-12-24
Rated 5 out of 5 by from Carefree checking Features I like are: automatic transfer from my trading account; access to transaction history, VISA/ATM card that works in any ATM.
Date published: 2016-12-20
Rated 5 out of 5 by from Amazing experience all around! All the features of the account are easy to use and the customer service makes this account the best financial decision I have made!
Date published: 2016-12-20
Rated 5 out of 5 by from
Date published: 2016-12-13
Rated 5 out of 5 by from What's Not To Like? I've only had this account for about 2 months now but I really have no complaints. Yes, they put a longer hold on mobile deposits and transfers for "new accounts" but it's only for the first 3 months. Plus all of the other great features far outweigh that 1 setback. No ATM fees...for me this is huge because I came from a smaller bank that when I traveled, I better have cash on me or suck it up and pay the fees. The interest rate isn't that great but my old checking account had no interest rate, so any interest rate in a checking account is good compared to what I had. I haven't had any problems with customer service.. but I've also only had to call once; to verify my account. I haven't even had to visit a branch which to me is amazing! I love being able to do everything on my phone or a computer. All in all, so far so good! Would definitely recommend this account to anyone.
Date published: 2016-12-13
Rated 5 out of 5 by from Courtesy & helpfulness personified Whenever I call with a question or concern, I am always helped in a very professional and courteous manner. I was not sure of a charge on my checking account, together, we figured it out...was a convenience store where I had forgotten I had purchased gas on my way home from Myrtle Beach, SC.
Date published: 2016-12-11
Rated 3 out of 5 by from Great features
Date published: 2016-12-10
  • y_2017, m_2, d_20, h_10
  • bvseo_bulk, prod_bvrr, vn_bulk_0.0
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_1048
  • loc_en_US, sid_1001, prod, sort_[SortEntry(order=SUBMISSION_TIME, direction=DESCENDING)]
  • clientName_schwab