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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 1106.
Rated 5 out of 5 by from Great fetaures and efficient execution Deposits, withdrawals, transfers, bill pay, links to brokerage accounts, and other features work flawlessly
Date published: 2017-06-08
Rated 5 out of 5 by from great for buying stocks mutual funds and etfs. Easy for managing your investments and regular checking account together.I can easily transfer money from one account to the other. Another Advantage to this account is you can deposit money at any Charles schwab branch and then transfer that money to your checking account. The only annoying part is it takes a while for your funds to be available after deposit however they told me that changes after 90 days. I think the intrest rates are better than most large banks. Last but not least who can complain about free checks, that's almost unheard of nowadays!
Date published: 2017-06-08
Rated 5 out of 5 by from Great Service! everything
Date published: 2017-06-07
Rated 5 out of 5 by from Great all around Great app, easy online banking, great bill pay, easy trading, no fees, great overall bank.
Date published: 2017-06-07
Rated 5 out of 5 by from comprehensive Am very pleased with exceptional customer service, great attention to detail and absolute commitment to resolving my issues and making me a happy customer.
Date published: 2017-06-06
Rated 5 out of 5 by from Great Features and Benefis I have used Schwab for banking and investing need for a decade now and have not had any issues. From the banking perspective, I have always received checks or a new debit card (in case of fraud) in a very timely manner. Whenever I have to call, I am always treated with the utmost respect and courtesy. ATM access is great because you have no limits no matter where you go in the US. In the rare event that we have a big ticket item being charged to our checking account and we did not move money over from savings, Schwab alerts us so we can make the move rather than charge us a fee similar to other financial institutions that I have worked with. If I could consolidate my student or auto loan over to Schwab, I would in a heart beat. It is nice to have so many of my financial accounts in one house with an institution that puts the customer first.
Date published: 2017-05-31
Rated 5 out of 5 by from I switched from a Credit Union to Schwab I'm a big fan of Credit Unions, but having the great features of a Schwab Checking account (Free ATM Fees, and No Foreign Transaction Fees) linked to my Brokerage Account I was sold. The only thing I wish was better is the Interest Earned on money sitting in my Savings Account.
Date published: 2017-05-19
Rated 4 out of 5 by from Good Check-steady I really like my invest-checking account with Schwab. I only wish that I could purchase over-draft protection of some kind only for small incidental potential overdrafts.
Date published: 2017-05-18
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