ABOUT THE ACCOUNT

Is this a fixed interest rate on the High Yield Investor Checking account or will it change?
What’s the catch?
Are there minimum balance requirements?
Is the money in my High Yield Investor Checking account FDIC-insured?
Do I need to open a Schwab One brokerage account with my Schwab Bank High Yield Investor Checking account?
Are there any account services fees for my High Yield Investor Checking or my linked Schwab One brokerage accounts?

ABOUT ATM USAGE

Does my High Yield Investor Checking account come with an ATM card?
Do I pay ATM fees?
How do I receive the ATM fee rebates for all my ATM transactions?

ABOUT CHECK WRITING

Do I have to pay for checks?
Is there a limit to how many checks I can write?

ABOUT ONLINE SERVICES

Can I manage my account online at schwab.com?
Can I pay my bills online? How much does that cost?

ABOUT DEPOSITS

How can I make deposits into my High Yield Investor Checking account?
Is direct deposit required for my High Yield Investor Checking account?

VISIT A BRANCH

Where can I find a Schwab Bank Branch?

ABOUT THE ACCOUNT

Is this a fixed interest rate on the High Yield Investor Checking account or will it change?
Schwab Bank High Yield Investor Checking™ is a variable rate checking account so the rate will fluctuate with market conditions. This does not change the superior value that this account offers relative to other checking accounts in the market.

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What’s the catch?
There are no catches. The Schwab Bank High Yield Investor Checking account is a variable rate checking account and its rate will fluctuate with market conditions. With this account, you get:

• High interest rate
• No minimum balance requirements
• No ATM fees.¹
• No monthly service charges
• Free standard checks
• Free online bill pay
• FDIC insured

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Are there minimum balance requirements?
No, there are no minimum balance requirements for either account when you open a High Yield Investor Checking account linked to a Schwab One brokerage account.

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Is the money in my High Yield Investor Checking account FDIC-insured?
Yes, the funds in your High Yield Investor Checking account are insured, in aggregate, up to $250,000³ based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC). 

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Do I need to open a Schwab One brokerage account with my Schwab Bank High Yield Investor Checking account?
Yes. The Schwab Bank High Yield Investor Checking account is only available when linked to a Schwab One brokerage account. When you open a High Yield Investor Checking account, you must open a Schwab One brokerage account. The two accounts will be connected, so you can easily transfer funds between them to meet both your investing and checking needs. While you’re under no obligation to use the Schwab One account, we think you’ll find it to be very convenient. And, you’ll enjoy all of the benefits of investing with Schwab brokerage at no additional cost. 

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Are there any account services fees for my High Yield Investor Checking or my linked Schwab One brokerage accounts?
No, there are no monthly or low balance fees for either account when you open a High Yield Investor Checking account linked to a Schwab One brokerage account.

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ABOUT ATM USAGE

Does my High Yield Investor Checking account come with an ATM card?
Yes. For your convenience, your checking account comes with a Visa® Platinum Check Card. Use your card to make purchases wherever Visa is accepted, and to withdraw cash from your High Yield Investor Checking account at ATMs worldwide. 

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Do I pay ATM fees?
We don’t charge any ATM fees and we reimburse any ATM fee you are charged—worldwide.¹ While the ATM screen may say something like “you will be charged $2 for this transaction. Proceed?” Just click yes and we’ll refund that charge to your account. 

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How do I receive the ATM fee rebates for all my ATM transactions?
We’ll refund any ATM fees you’re charged by ATM operators in the same month when you use your Schwab Bank Visa® Platinum Check Card.²

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ABOUT CHECK WRITING

Do I have to pay for checks?
No. Standard wallet and duplicate check styles are free. Deposit slips and postage-paid return envelopes are also free. There is a charge for non-standard checks.

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Is there a limit to how many checks I can write?
No, your High Yield Investor Checking account includes free unlimited check writing.

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ABOUT ONLINE SERVICES

Can I manage my account online at schwab.com?
Yes. Schwab.com offers many convenient features, including online fund transfers, online bill pay, and easy transfers between your accounts. 

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Can I pay my bills online? How much does that cost?
Yes, your High Yield Investor Checking account comes with free online bill pay. It’s a fast, secure and convenient way to pay your bills.

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ABOUT DEPOSITS

How can I make deposits into my High Yield Investor Checking account?
There are several ways to make deposits to your account: (1) transfer funds online from your linked Schwab One brokerage account; (2) set up direct deposit into your checking account; (3) mail a check using a free postage-paid envelope to Schwab Bank; or (4) request a wire transfer to your account from another financial institution.

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Is direct deposit required for my High Yield Investor Checking account?
No. Direct deposit into your checking account isn’t required, but we do encourage you to enroll in this free service. It’s a great way to move deposits in to your account quickly and reduce paperwork. You also have the option to deposit all or a portion of your paycheck. 

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VISIT A BRANCH

Where can I find a Schwab Bank Branch?
We have a bank branch in Reno, Nevada. In addition, our representatives in more than 270 brokerage branches across the nation can answer banking questions. 

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