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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 1158.
Rated 4 out of 5 by from Meets my needs. Very happy to finally get my account & debit card.
Date published: 2017-07-25
Rated 5 out of 5 by from Exactly what I need from a bank Schwab offers just about everything I need from a bank. Easy access to online trades, unlimited ATM reimbursement anywhere in the world, and good customer service. I recommend Schwab to anyone looking for a better banking experience.
Date published: 2017-07-21
Rated 5 out of 5 by from 3 year customer As a person who travels often outside the United States this card is perfect. I never thought I would like to bank with someone where I couldn't go to their building in my home town. Schwab has proven me wrong. They are honest about what you get and nothing has changed for me as for the reason to get the card. I have not been charged outsider atm fees and that is a huge plus for me!
Date published: 2017-07-21
Rated 5 out of 5 by from Incredible Experience I just truly impressed with this checking account which I've had for two years. Great communication on account status and very excellent service. I can't wait to do more investing in the future with Schwab when more personal funds become available.
Date published: 2017-07-18
Rated 1 out of 5 by from Bait and Switch!!!!! When Schwab Bank created the "High Yield Checking Account and High Yield Savings Account" they paid market leading interest rates. Now they pay no interest at all. Compared to other on line banks this is the worst!
Date published: 2017-07-17
Rated 2 out of 5 by from Meh Customer service not helpful; wasted hours my time and refused to effect a simple change to my account.
Date published: 2017-07-16
Rated 4 out of 5 by from Great Features Schwab has met online accessibility.
Date published: 2017-07-16
Rated 4 out of 5 by from Trustworthy, experienced supporters At C. Schwab everybody at the support is on the same page and knows what he/she is talking about. Love it.
Date published: 2017-07-15
Rated 4 out of 5 by from
Date published: 2017-07-15
Rated 5 out of 5 by from Great features and customer support team
Date published: 2017-07-14
Rated 5 out of 5 by from
Date published: 2017-07-14
Rated 5 out of 5 by from Great service I am very pleased with their services
Date published: 2017-07-13
Rated 5 out of 5 by from
Date published: 2017-07-13
Rated 5 out of 5 by from
Date published: 2017-07-13
Rated 5 out of 5 by from Best Service for personal finance. Became a client in 2009. Been very impressed with Schwab. I have all my finances on one page! The only thing better than that is my ATM reimbursement every month. This is a great company.
Date published: 2017-07-13
Rated 5 out of 5 by from Great Checking Account This account has everything that you could need with no fees and excellent service.
Date published: 2017-07-13
Rated 5 out of 5 by from
Date published: 2017-07-12
Rated 5 out of 5 by from Excellent Website Schwab has met all of my expectations.
Date published: 2017-07-12
Rated 3 out of 5 by from Not what I imagined Haven't done much with this account. I got it for the lack of foreign transaction fees. Not convenient to to make deposits because I have never received an ATM card. Did they send it? Do I have to request it? Nothing on the website discusses this. If I have to request it, rather than automatically being sent a card when opening the account like EVERY OTHER bank I have used, it with certainly be a strike against Schwab. If I can't request it via the website it will be strike two. Nothing is done very quickly at Schwab when it comes to deposits and transfers. I like that there are no ATM fees and I can use any ATM. I had considered making Schwab my main bank because of this but I am so far unimpressed so I will wait.
Date published: 2017-07-12
Rated 5 out of 5 by from all good what's not to like? nothing! ATM fee refunds, free checking, bill pay
Date published: 2017-07-12
Rated 4 out of 5 by from Good checking for travelling and ATM usage Good checking account for international travel, atm rebates. Missing direct teller and branch and ATM deposit capabilities. Has low depositor interest rate.
Date published: 2017-07-12
Rated 5 out of 5 by from Overall great bank Banking with schwab is easy, efficient, and secure. We always know who to contact at our local branch in case of an issue and they resolve our problems very quickly.
Date published: 2017-07-12
Rated 5 out of 5 by from Checking account The checking account is great. I can access it anytime, anywhere at no cost.
Date published: 2017-07-12
Rated 5 out of 5 by from Really fantastic customer service We've been customers of Charles Schwab for many years now and the reason we stand, hands down, is the customer service is unbeatable. I don't think we've ever had a bad experience, and moreover, usually, if not always, the experience is A++. I always feel like I've been well taken care of, that I've gotten the answers to all of my questions without being rushed and with thoughtful responses. Plus it's always someone who speaks full English and I can understand. And, we love that there are no ATM fees. That's just customer service to the core!
Date published: 2017-07-12
Rated 5 out of 5 by from Love Schwab! Schwab is great to work with, has great features, and user friendly. Fees, if there are any, are tops in the business!!
Date published: 2017-07-11
Rated 5 out of 5 by from
Date published: 2017-07-11
Rated 5 out of 5 by from Easy to use We use this account especially when traveling out of the country no fees and no charge for currency conversion.
Date published: 2017-07-11
Rated 3 out of 5 by from Checking & savings used to be competitive!
Date published: 2017-07-11
Rated 5 out of 5 by from On line works great Needed to purchase a new motorcycle. Dealer wanted a cashiers check. I was able to call and increase my limit and use my Schwab debit card.
Date published: 2017-07-11
Rated 5 out of 5 by from
Date published: 2017-07-11
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