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Fees and Minimums

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Get some of the lowest pricing and account minimums in the industry.

Commissions per trade

Our commissions vary by investment type—but our prices are consistently clear and competitive.

Commissions per Executed Trade

  Online Trades Automated Phone Trades Broker-Assisted Trades
Stocks $8.951 $8.95 + $5.00 service charge $8.95 + $25.00 service charge
Schwab ETF OneSource™ $0.002 $5.00 service charge $25.00 service charge
All other ETFs $8.95 $8.95 + $5.00 service charge  $8.95 + $25.00 service charge

For foreign stock, large block, or restricted stock transactions, please see the Charles Schwab Pricing Guide.

Get more details about Schwab Stocks and ETFs.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 1-800-435-4000. Please read the prospectus carefully before investing.

Transaction Fees per Executed Trade

 Fund Type Online Trades Automated Phone Trades Broker-Assisted Trades
Mutual Fund OneSource® Funds $0 $0 $25.00 service charge
Transaction-Fee Funds4 $76 per buy
$0 per sell
$76 per buy
$0 per sell
Online fee + $25.00 service charge

Please be aware that transaction fees may apply to certain no-load and low-load funds that do not participate in our Mutual Fund OneSource service. Such funds are subject to Schwab's standard transaction fees, in addition to any redemption fees imposed by the fund.

Get more details about Schwab Mutual Funds.

Commissions per Executed Trade

Online Trades6 Automated Phone Trades Broker-Assisted Trades
$8.95 + $0.75 per contract Online pricing + $5.00 service charge Online pricing + $25.00 service charge

Get more details about options.

Exchange Process Fee—This is a fee Schwab charges to offset fees imposed on us by national securities and self-regulatory organizations or by U.S. option exchanges.

The Exchange Process Fee will rise or fall periodically depending upon the rates set by the SEC or by the U.S. option exchanges, as applicable.

Schedule of Option Exchanges Imposing the Fee Applicable to the Exchange Process Fee
Exchange Fees per Contract (Buys and Sells)
CBOE $0.0064
ISE $0.0039
GEM $0.0010
BOX $0.0038
C2 $0.0051
MIAX $0.0045
TOTAL $0.0247 per Contract

Commissions per Executed Trade

Schwab reserves the right to act as principal on any fixed income transaction, public offering, or securities transaction. When Schwab acts as agent, a commission is charged on the transaction. When Schwab acts as principal, the markup is included in the bond price.

  Online Broker-Assisted Trades
New issues, including CDs

Selling concession is included in the offering price.

Treasuries, including Auction and Secondary:
  • Treasury Bonds
  • Treasury Bills
  • Treasury Notes
  • TIPS
$0 Online pricing + $25 per trade service charge
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities $1 per bond,
$10 minimum, $250 maximum
Online pricing + $25 per trade service charge
Commercial Paper and Foreign Bonds

These are specialty products—please contact us at 800-626-4600 for information.

Unit Investment Trusts

These are specialty products—please contact us at 800-626-4600 for information.

Preferred Stocks and REITs

8.95 per trade online7

Additional charge of $5 for automated phone trades and $25 for broker-assisted trades (on the phone or in a branch)

Note: Large block transactions (orders of more than 250 bonds) may be available for special handling and/or pricing. Please call us at 800-626-4600 for more information.

Get more details about Schwab’s Fixed Income Funds.


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Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Before investing in a 529, carefully consider the plan's investment objective, risks, charges and expenses. This information and more about the plans can be found in the Schwab 529 Guide and Participation Agreement available from Charles Schwab & Co., Inc., and should be read carefully before investing.

You may request a Schwab 529 Guide and Participation Agreement by calling  or going to schwab.com/529. If you are not a Kansas taxpayer, consider before investing whether your or the beneficiary's home state offers a 529 plan that provides it's taxpayers with state tax and other benefits not available through this plan. Tax and financial aid treatment of 529 plans is subject to change. As with any investment, it is possible to lose money by investing in this plan.

The Schwab 529 College Savings Plan is available through Charles Schwab & Co., Inc., and is managed by American Century Investment Management, Inc. The Plan was created by the Kansas State Legislature under the provisions of Section 529 of the Internal Revenue code and is administered by Kansas State Treasurer Ron Estes. Notice: Accounts established under the Schwab 529 Plan and their earnings are neither insured nor guaranteed by the State of Kansas, the Kansas State Treasurer, American Century Investment or Charles Schwab & Co., Inc. Accounts established under the Schwab 529 Plan are domiciled at American Century Investment and not at Schwab.