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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

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Need help? Call 800-540-6718.

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Open a Schwab Bank High Yield Investor Checking account today.


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High Yield Investor Checking is rated 4.429292929292929 out of 5 by 990.
Rated 1 out of 5 by from ATM Cash Withdrawal No foreign transaction fee, ATM fees reimbursed worldwide. However, there should be an alerts to the account holder mobile phone or email when the cash withdraw, otherwise, the cash withdraw with notice.
Date published: 2016-07-20
Rated 5 out of 5 by from Best Banking Account Ever No fees on anything. Reimbursement of unlimited ATM fees. Talk to a person in the US within a few seconds. Quick transfers to brokerage account. Detailed mobile banking app. Overall, beyond happy with Schwab.
Date published: 2016-07-13
Rated 5 out of 5 by from I really appreciate Charles Schwab Bank I am extremely satisfied with my account; - so much I call it Schwaby. No fees of any kind in my experience, including no ATM or debit transaction fees worldwide. The currency conversion for international transactions is outstanding. On top of this, monthly interest is paid based on the balance of the account. I would highly recommend to anyone.
Date published: 2016-06-27
Rated 3 out of 5 by from Debit card is not as advertised. VISA manipulates the currency exchange rate by adding up to 2% on atm withdrawals while in another country. Example when I withdrew $402 at atm in Canada today the u.s. Equivalent should have been $310, but amount on my Schwab checking account was $317. Also, I did a cash advance on the same card of $2500 which converts to $1926, but again I was charged a premium and converted to $1972 almost a $50 negative to my account. Bottom line there are hidden fees with the manipulated exchange rate, they should use Reuters like the rest of Schwab, not the visa exchange rate
Date published: 2016-06-24
Rated 5 out of 5 by from Great customer service, international access unbeatable Schwab's checking account has by far the best customer service and all around best features of any checking account I have ever used. Their interest rates are not the highest, and the online system doesn't have some of the consumer-oriented ease-of-use features of other large banks, but that is more than compensated in other ways. I have had to call customer service a few times for lost cards and other needs, and have never had to wait, ever, to talk to a human, and their reps are universally knowledgeable and helpful. One less noticeable feature of the account is that the debit card is amazing if you ever travel overseas. Not only do they not charge the typical international exchange fees of other banks, but you can withdraw money from any Visa ATM in the world and never have to pay any kind of fees whatsoever, and just pay market exchange rates. This is probably the best debit/checking account without question for anyone that travels internationally.
Date published: 2016-06-06
Rated 5 out of 5 by from Great Bank for Millennials!!! Great mobile app and check deposit is awesome! Also love the ease of use when traveling best product for students traveling abroad and starting to invest upon graduation! Nice looking card. The message center and customer service is great!
Date published: 2016-06-03
Rated 5 out of 5 by from Unmatched features.. One of the best accounts available! The services offered by Schwab High-Yeild Checking account are amazing. Just have a look at the features that come along with this account. No other bank offers such complimentary services. Also, no monthly fees, neither a minimum balance nor a necessity for a direct deposit make this a very flexible and must-have account. To top it off, they reimburse any fees that you might incur if you withdraw from a non-Schwab ATM! Thanks for providing such great benefits. Keep up the good work. I would happily recommend this account to everyone.
Date published: 2016-05-23
Rated 5 out of 5 by from Best bank I have ever dealt with 20+ year Schwab customer. Schwab knows how to treat customers with respect and exceptional service. ATM rebates, free checks and great apps and competent US based service. Best bank I have ever dealt with.
Date published: 2016-05-09
  • 2016-08-25T06:17CST
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