Details about account fees and minimums at Schwab

How much does it cost to open an account?

Is there a minimum initial deposit required to open an account?

Which accounts have account opening or maintenance costs?

How much does it cost to open an account?

There is no fee to open and maintain an account at Schwab.

There is an exception: the Personal Defined Benefit Plan account, which has account opening costs. See details on this exception.

Other transaction or service fees may apply. Please refer to the Charles Schwab Pricing Guide, including any amendments to the guide, for more details on fees.

Is there a minimum initial deposit required to open an account?

The minimum initial deposit requirement varies depending on the type of account. We will waive the minimum deposit requirement for most account types if you establish a monthly transfer into your account.

Account type	Minimum balance requirement
Schwab One® Brokerage Account (Individual and Joint)	$1,000 The minimum is waived if you open a Schwab One brokerage account with Schwab Bank Investor Checking™, or if you establish a monthly transfer of at least $100 to your Schwab One account through either direct deposit or Schwab MoneyLink®.
Schwab One Trust	$1,000 The minimum is waived if you open a Schwab One brokerage account with Schwab Bank Investor Checking™.
Schwab One Estate Account	$1,000
Rollover IRA and Inherited IRA	$1,000
Traditional IRA and Roth IRA	$1,000 The minimum is waived if you establish a monthly transfer of at least $100 through either direct deposit or Schwab MoneyLink® .
Education Savings Account
Schwab One Custodial Account and Custodial IRA	$100
Schwab 529 College Savings Plan	$1,000¹ The minimum is waived if you establish a monthly transfer of at least $50 through our automatic investment plan. ¹
Charitable Gift	$5,000

The minimum deposit requirement does not apply to the following account types: SEP-IRA, SARSEP-IRA, SIMPLE IRA, Qualified Retirement Plan, Keogh, Company Retirement Account, Pension Trust, Individual 401(k), and 403(b)(7) accounts.

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Which accounts have account opening or maintenance costs?

The cost to open a Personal Defined Benefit Plan account starts at $750. The setup fee and annual service fees for this account vary according to the type of business and the number of participants in the plan. Learn more about Personal Defined Benefit Plan account service fees.

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Brokerage Products: Not FDIC Insured • No Bank Guarantee • May Lose Value

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products and services are offered by Schwab Bank, Member FDIC and an Equal Housing Lender.

(1. $250 minimum deposit, or a monthly transfer of at least $25 through our automatic investment plan, for Kansas residents.

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