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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 Best bank in America! Clearly, Schwab has better features than any other bank, from reimbursement of ATM fees to no international transaction fees using the debit card. Customer service though really sets them apart with knowledgeable and friendly agents who give the best customer service I've had with any company ever.
Date published: 2017-05-17
Rated 5 out of 5 by from Banking the way it should be ATM fee reimbursements, excellent free bill pay, fast and easy transfer between accounts, easy deposits by mobile phone (and postage paid envelopes too!). First-rate all around.
Date published: 2017-05-13
Rated 5 out of 5 by from
Date published: 2017-05-12
Rated 5 out of 5 by from Easy FREE Checking and GREAT Customer Service! I've had my Investor Checking for a little over three years now and I LOVE it! Schwab is easy to do business with by providing an easy to use, intuitive, website with clear and concise instructions and guides. On the few occasions I've had to call customer service, I receive quick and professional service EVERY time.
Date published: 2017-05-11
Rated 5 out of 5 by from Best checking account I ever had! Schwab has exceeded my expectations. Its the only financial institution that warns you if you are about to go into overdraft and actually provides you with a timeframe to resolve it without and overdraft fees! Outstanding customer service!
Date published: 2017-05-05
Rated 5 out of 5 by from Long-time customer, still blown away by the service. There is no organization I work with that is more consistently incredible. The customer service is always top notch, it's easy to speak to a human, and everybody actually knows the answers to your questions. I really cannot say how amazing Schwab has been. What a great organization.
Date published: 2017-05-05
Rated 5 out of 5 by from
Date published: 2017-05-04
Rated 5 out of 5 by from Reimbursement of ATM fees means that every cash-only bar, restaurant or event has my bank's ATM right around the corner.
Date published: 2017-05-03
Rated 5 out of 5 by from Awesome Best checking account experience I've ever had.
Date published: 2017-05-02
Rated 4 out of 5 by from A checking account that offers competitive options. Overall, I have enjoyed using my Charles Schwab checking account. Both the mobile app and website are easy to navigate and provide clear information. I also like the option to leave feedback on the mobile app if I think something could be improved (I have always received a response). Perhaps my favorite features are the ATM rebates and the lack of a foreign transaction fee. These are both appealing to customers who can live without a brick and mortar branch network. I would like to see higher interest rates though, especially for those of us that keep a higher balance in our accounts. I also chose Charles Schwab because of its commitment to progressive social issues.
Date published: 2017-05-02
Rated 5 out of 5 by from Always on your side I love Schwab checking because they always have my best interest. If I have a dispute they help me! No foreign transaction fees or ATM costs...
Date published: 2017-05-02
Rated 4 out of 5 by from Better than average
Date published: 2017-05-02
Rated 4 out of 5 by from Nice to get some interest and free ATM all over the world
Date published: 2017-05-01
Rated 5 out of 5 by from Its the best checking account there is with just a couple caveats In terms of cost and features, it's the best checking account you'll find. The only caveat is that you have to deal with their deposit holds which for check deposits or ACH transfers is typically about a week. A bit inconvenient but everything else is great.
Date published: 2017-05-01
Rated 5 out of 5 by from Great checking account features and phenomenal customer service! Thank you Schwab for the best checking account option out there! Great checking account features and phenomenal customer service!
Date published: 2017-04-30
Rated 2 out of 5 by from Missing account to account transfers in bill pay
Date published: 2017-04-30
Rated 3 out of 5 by from Some nice features but ultimately not that great I originally switched to Schwab because I was going to be travelling abroad for a while and liked that I wouldn't be charged ATM fees or international transaction fees. I still enjoy this feature even here in the States. However, I had no access to my account the entire time I was in Argentina because no ATM would accept my card. And the feature "you can walk into any bank and withdraw money" is most certainly not true. I had to wait over a month and a half to use my debit card again. This was the only time I had to call customer service. I called multiple times and only once was I helped by someone who actually seemed to care. Most of them just kind of said sorry there's nothing we can do or just told me to talk to the banks (in Argentina), which did absolutely nothing. No one seemed to care that I was in a foreign country with no access to my account. I don't know if it changed with the new update but all of a sudden it started taking my checks 3-5 days to deposit into my account. It's just inconvenient if I need that money right away, I have no idea when it will decide to be deposited. All in all it really isn't the worst bank. I like the joint brokerage and checking account and the reimbursed ATM fees. But there are some things that just don't outweigh those downsides.
Date published: 2017-04-29
Rated 5 out of 5 by from The PERFECT bank Schwab Bank is the absolute best bank ever. I recommend it all the time.
Date published: 2017-04-28
Rated 5 out of 5 by from
Date published: 2017-04-27
Rated 5 out of 5 by from Great Customer service Company driven to reduce costs and make banking approachable has truly lead the industry to a great banking experience
Date published: 2017-04-26
Rated 5 out of 5 by from
Date published: 2017-04-26
Rated 5 out of 5 by from Great account features and outstanding customer service I've had a Schwab High Yield Investor Checking account for nearly 7 years and have never been more satisfied with a bank. With Schwab Bank, every ATM worldwide is yours to use, since you're reimbursed for all ATM fees at the end of the month. They also have mobile check deposit for the occasional check you receive, with most deposits processed within an hour or two. You'll get free ACH transfers to move money between your Schwab account and your outside accounts, and no monthly service fees or minimum balance requirements. Their telephone customer service is unparalleled, with always a friendly voice in Indianapolis or Phoenix. There are only two downsides. First, being an online bank (with just one branch in Reno, NV) you're unable to deposit any cash; but I have a local, no-frills savings account where I deposit cash and periodically transfer into my Schwab account. The interest rate is on-par with other major bank checking accounts, but you can do better for your savings by investing or depositing in an online savings account, depending on your risk tolerance.
Date published: 2017-04-26
Rated 5 out of 5 by from Convenience
Date published: 2017-04-25
Rated 5 out of 5 by from
Date published: 2017-04-25
Rated 5 out of 5 by from perfect checking account the ultimate free checking account and the only checking account i will ever need.
Date published: 2017-04-25
Rated 2 out of 5 by from
Date published: 2017-04-25
Rated 5 out of 5 by from Excellent Account & Service We came to Schwab after our local bank was bought out. Service deteriorated and fees skyrocketed. We live in a very rural area close to the border so we are dependent on ATM for cash. Schwab's policies are wonderful, even when we go abroad to Canada. It was easy to set up auto-pay and inter-bank periodic transfers and to move money rapidly to/from brokerage accounts. There are no fees, outstanding service and prompt responses to inquiries. This is a great bank.
Date published: 2017-04-23
Rated 5 out of 5 by from Never any problems! on-line banking easy to use; live customer service always helpful & pleasant
Date published: 2017-04-22
Rated 5 out of 5 by from
Date published: 2017-04-22
Rated 5 out of 5 by from Wouldn't think of leaving Schwab We joined because there were no ATM fees, but have been amazed by Schwab's customer service and our ability to handle all our accounts together.
Date published: 2017-04-22
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