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Schwab Bank High Yield Investor Checking Account®

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Open our no-ATM-fee checking account, and make managing 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

What do I get with this checking account?

With this cash management 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 Mobile
  • Check deposit from anywhere with Schwab Mobile Deposit™
  • Free standard checks and a Schwab Bank Visa® Platinum Debit Card once the account is funded
  • FDIC insurance up to $250,0003
  • 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 Debit Card with Visa Checkout

Open a Checking Account

Choose an account type:

View High Yield Investor Checking Account Features and Fees4

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.

  • 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.5 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

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 0.15% 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 1154.
Rated 5 out of 5 by from Satified since I opened many years ago Checking account has all the features that I want and need. I have been totally satisfied with all aspects and features of the account.
Date published: 2017-08-04
Rated 5 out of 5 by from Who Doesn't Love Schwab The best company in the world to bank with! Love these guys.
Date published: 2017-08-03
Rated 5 out of 5 by from Traveling is so simple with the Schwab card I appreciate the ease of depositing monies and in the ATM ease.
Date published: 2017-08-03
Rated 5 out of 5 by from Schwab has met all my needs with their ATM card for travel.
Date published: 2017-08-03
Rated 5 out of 5 by from Best Customer Service. Absolutely the best customer service I have had in years. Super easy start up and everything just got easier. Very satisfied.
Date published: 2017-07-28
Rated 4 out of 5 by from
Date published: 2017-07-28
Rated 5 out of 5 by from Investor Banking is Wonderful
Date published: 2017-07-26
Rated 4 out of 5 by from
Date published: 2017-07-25
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