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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 0.06% 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.

View High Yield Investor Checking Account Features and Fees.4

See client reviews

Ready to get started?


Need help? Call 800-540-6718.

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Open a Schwab Bank High Yield Investor Checking account today.


A MONEY® Magazine “Best Bank”, November 20145

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High Yield Investor Checking is rated 4.428 out of 5 by 951.
Rated 5 out of 5 by from Excellent for foreign travel No foreign transaction fee, ATM fees reimbursed worldwide. Other banks gleefully tack on fees even when you are basically using your own money. Very satisfied with all banking services....except for one. Schwab bank cannot handle a check in foreign currency which was difficult for me to understand. This happened a couple of years ago and hopefully they have added this service since.
Date published: 2014-09-24
Rated 1 out of 5 by from Bank without any features, only hassles I wanted to experiment with an online bank and my experience with Schwab was horrible. Here's my experience with the account: Online application: I had to fill my application online only to get a message saying that I had to mail in the documents. I had to fill and print out the entire application again and send it via mail. Address verification: I had to find a schwab brokerage bank and show them a proof of identity. Debit card: They say seven to ten days, but its been a month without receiving it. I have to call to call them a million times just to be told that they shipped the card and I will receive it the next day. I have faxed in a request for a new card, then called them to confirm that it was indeed me who faxed the request etc... I'm still waiting for it. The funny part is that I receive all other unwanted communication from schwab promptly. Bottomline: Good advertized features, but dealing with this bank wastes a lot of time. You will have to call them for everything and listen to their three minute spiel and wait another five minutes for a representative who puts you on hold four times etc... You might save a few cents but waste hours with this inefficient bank.
Date published: 2014-09-16
Rated 5 out of 5 by from What a wonderful account I've had accounts with numerous traditional banks and other banks through companies similar to Charles Schwab. I am far and away the most pleased with Charles Schwab. The free checks, reimbursement of ATM fees, and the website's ease of use have left me 100% satisfied. Every time I've called with a question or concern, every Charles Schwab representative has been professional, polite, and more than happy to help me. I highly recommend Charles Schwab to anyone.
Date published: 2014-08-14
Rated 5 out of 5 by from
Date published: 2014-02-06
Rated 5 out of 5 by from No hazzle, simple, great product. Overall fantastic for my needs.
Date published: 2014-02-04
Rated 5 out of 5 by from Great Checking Account I've invested through Schwab for over 20 years and have never been disappointed. Great personal service and website. The investor checking account is a favorite - no ATM fees, which means no searching for a specific bank's ATM when traveling. Easy on-line access and links to other accounts.
Date published: 2014-01-16
Rated 5 out of 5 by from no complaints Schwab makes clear the advantages of this account before you apply. The interest rate is low but most of my funds are invested and not in cash. The fees are zero so this compensates for the fact my cash is not earning much interest. Customer service is excellent. Prompt, capable, accurate. Schwab's web designers also are receptive to suggestions.
Date published: 2014-01-10
Rated 5 out of 5 by from Most All Is Well I really have been enjoying the many features of this account. I especially like the ATM anywhere with no fees. I travel internationally a bit and really like the fact that I am not hit with high fees for using it around the world - most others do.
Date published: 2014-01-07
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