Charles Schwab | A modern approach to investing & retirement

IMPORTANT INFORMATION ABOUT OUR RELATIONSHIP WITH YOU

What are your Client Relationship Summaries and where can I find them?

Our Client Relationship Summaries offer a brief summary of our services, fees and obligations when we work with you in a broker-dealer or an investment advisory relationship.

Learn more at schwab.com/transparency.

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How much does it cost to work with Schwab?

$0 online stock and ETF trade commissions^1,2
Thousands of non-load, no-transaction fee mutual funds³
No charge to work with a Schwab Financial Consultant (other account fees, fund expenses, and brokerage commissions may apply)

See all of our pricing

There are certain eligibility requirements for working with a dedicated Financial Consultant.

1. The standard online $0 commission does not apply to large block transactions requiring special handling, restricted stock transactions, trades placed directly on a foreign exchange, transaction-fee mutual funds, futures, or fixed income investments. Options trades will be subject to the standard $.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, foreign transaction fees for trades placed on the US OTC market, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors for full fee and commission schedules. Multiple leg options strategies will involve multiple per-contract fees.

2. ETFs at Charles Schwab & Co., Inc. ("Schwab") can be traded without a commission on buy and sell transactions made online in a Schwab account. Schwab does not receive payment to promote any particular ETF to its customers. Schwab's affiliate Charles Schwab Investment Management, Inc. ("CSIM") serves as investment advisor to the Schwab ETFs™, which compensate CSIM out of the applicable operating expense ratios. The amount of the fees is disclosed in the prospectus of each ETF.

3. Trades in no load funds available through Schwab's Mutual Fund OneSource® service (including Schwab Funds), as well as certain other funds, are available without transaction fees when placed through schwab.com or our automated phone channels. For each of these trade orders placed through a broker, a $25 service charge applies. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Mutual Fund OneSource® service and held for 90 days or less. Schwab reserves the right to change the funds we make available without transaction fees and to reinstate fees on any funds. Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services. Charles Schwab & Co., Inc., Member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.

There are no fees to open or maintain your account. Other account fees, fund expenses, and brokerage commissions may apply.

How do I open an account?

You can open an account online, by phone, or in one of over 300 branches.

Click here to open an account online in about 10 minutes.

Choose your account type
Complete an application
Get started funding and investing

Or call us at 800-435-4000 or find a branch.

How easy is it to switch brokerage providers?

Moving your existing account to a new brokerage firm may seem daunting, but Schwab makes the process easy:

Open a Schwab account
Use our online account transfer tool to initiate the process and monitor progress
View and access your assets in your Schwab account

Need help? Our account transfer specialists can assist you every step of the way. Call us at 800-435-4000.

Click here to open a Schwab account or log in to begin the transfer process.

What We Offer

What kind of investment products does Schwab offer?

Our wide selection of investment products provides you with the numerous choices in building a diversified portfolio to help reach your goals.

Investment Product	What it is	Why you may want it
Mutual Funds	A mutual fund is an investment vehicle made up of a pool of funds from many investors that buys stocks, bonds, and other securities.	Mutual funds make it easy to diversify your portfolio and get professional management, so you don't have to research, buy, and track every security in the fund.
Stocks	A stock represents a share in the ownership of a company, including a claim on the company's earnings and assets. As such, stockholders are partial owners of the company.	Stocks are fundamental to nearly every portfolio and have historically outperformed most other investments over time (past performance cannot guarantee future results).
ETFs	An ETF, or exchange-traded fund, is an investment fund or portfolio of securities that holds assets like stocks, bonds, or commodities, generally designed to track an index. Unlike mutual funds, which are bought from or redeemed by the fund company for that day's closing net asset value (NAV), ETFs are bought and sold at market value, trading on an exchange throughout the day.	In addition to adding diversity to your portfolio, ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.
Options	An option is a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) until or upon a specific date (expiration date).	Options can provide more-flexible strategies than stocks.
Futures	Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price.	Futures can provide a fast and cost-effective way for you to access financial and commodity markets around the clock.
Closed-End Funds	A closed-end fund (CEF), or closed-ended fund, is a pooled investment fund with a portfolio managed by an investment advisor. CEF's issue a fixed number of shares that trade on an exchange and are not redeemable from the fund. Unlike open-end funds (i.e., mutual funds), new shares in a closed-end fund are not created by managers to meet demand from investors.	Closed-end funds offer investors diversification along with the potential for regular income distributions.
Bonds, CDs, and Other Fixed Income	Fixed income investments are types of investments that seek to provide interest payments at regular intervals.	Fixed income investments can give you a reasonably dependable income stream while also providing portfolio diversification, capital preservation, and (in some cases) potential tax benefits.
Money Market Funds	Money market funds invest in short-term debts that typically have low risk.	Money market funds can offer stability of capital, liquidity, and yield.
Global Investing	Investing in foreign securities.	Global investing can provide more portfolio diversification and has the potential for investment opportunities in emerging markets around the world.

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.

Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although certain funds may seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the options disclosure document titled Characteristics and Risks of Standardized Options.

Futures trading carries a high level of risk and is not suitable for all investors. Certain requirements must be met to trade futures. Please read the Risk Disclosure Statement for Futures and Options before considering any futures transactions.

Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed-income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications and other factors.

International investments involve additional risks, which include differences in financial accounting standards, currency fluctuations, geopolitical risk, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may accentuate these risks.

What are the tools & resources offered to traders like me?

Trading with Schwab means getting the innovative tools, premium insights, robust education, and dedicated specialist support of Schwab Trading Services™—all of which help give you what you need to make informed and timely trading decisions. And all with no trade minimums or platform fees (other account fees, fund expenses, and brokerage commissions may apply; see our Pricing guide for details).

Trade Stocks ETFs, Mutual Funds, and Options

Experience high-quality trade executions and use convenient online order tools including the All In One Trade Ticket®.

Access Robust Tools and Platforms

Trade with powerful web, software, and mobile trading platforms featuring advanced tools that are intuitive to use.

Generate Trade Ideas

Find your next trade with intuitive tools, plus trading insights and discussions from our Trading Community.

Use Expert Insights and Premium Research

Sharpen your instincts with actionable trading research and insights from Schwab and third parties.

Access Trading Education

Sharpen your trading skills using over 300 articles, videos, and guides, plus live and virtual trading workshops.

Get Up and Running Quickly

A one-on-one consultation with a trading specialist includes a strategy review, help setting up your tools, and more.

Rely on Dedicated Support

Receive priority access to dedicated specialists for ongoing, professional trading guidance.

How can Schwab help me manage my investments on my own?

We believe investing should be done on your terms. So even if you want to manage your investments yourself, you can access our expert research, insights, platforms, and service specialists to help you when you need it.

Make all the decisions on your own

Take advantage of our online tools, extensive research, expert insights, education opportunities, and dedicated support to help you make informed and timely decisions about your investments.

Rely on a professional when you need to

Meet with a Schwab Financial Consultant to evaluate your current portfolio and, if needed, help you make adjustments so you'll have a plan that addresses your long- and short-term goals.

Call us at 800-435-4000 for 24/7 investing support and to learn more about how we can help you reach your financial goals.

Why should I bank with Schwab Bank?

You'll get unlimited ATM fee rebates⁴ plus no foreign transaction fees⁵ and have no account minimums while banking anytime, anywhere with Schwab Mobile⁶. The Schwab Bank High Yield Investor Checking^®⁷ account is linked to a Schwab One^® brokerage account so you can easily manage both accounts with a single login.

There are no monthly account service fees, you'll earn interest on your balance, and your account is FDIC-insured up to $250,000.⁸ You'll receive free standard checks once your account is funded with at least $100, and Schwab Bank Bill Pay^™ will be activated and a Visa^® Platinum Debit Card will be sent upon account opening.

Open a Schwab Bank High Yield Investor Checking account or learn more.

4. Unlimited ATM surcharge rebates apply to cash withdrawals using the Schwab Bank Visa^® Platinum Debit Card wherever it is accepted. ATM surcharge rebates do not apply to any fees other than surcharges assessed for using an ATM to withdraw cash in local currency from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM surcharges eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for an eligible surcharge, please call a Schwab Bank Client Service Specialist for assistance at 888‐403‐9000 (or for clients of independent investment advisors, a Schwab Alliance Service team Member at 800-515-2157). Schwab Bank reserves the right to modify or discontinue the ATM surcharge rebate at any time.

5. If you use your Card to withdraw foreign currency from an ATM, or to pay for a purchase with foreign currency, Schwab Bank charges your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate will be determined by the bank at which you conduct the transaction, the network to which the ATM belongs, or Visa.

6. Requires a wireless signal or mobile connection. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Functionality may vary by operating system and/or device. Mobile carrier data charges may apply.

7. The Schwab Bank High Yield Investor Checking^® account is available only as a linked account with a Schwab One^® brokerage account. The Schwab One brokerage account has no minimum balance requirements, minimum balance charges, minimum trade requirements, and there is no requirement to fund this account, when opened with a linked High Yield Investor Checking account. To learn more about other Schwab Bank checking accounts, please contact Schwab Bank at 888-403-9000.

8. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000 based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC).

How we Help

How can Schwab manage my investments for me?

At Schwab, you have access to a wide range of investment management services to help you reach your goals. And you'll have access to a variety of investment strategies, investment advice, and the ability to regularly monitor and rebalance your portfolio.

Compare your options by going here.

What makes Schwab different?

We take a modern approach to investing. We believe in asking questions, being engaged, and taking ownership of your future.

We measure ourselves not only by what we do, but by how we do it. Every action and decision is based on building trust and seeing things through the eyes of our clients.

In 2020, Charles Schwab was selected as one of the FORTUNE Top 50 "World's Most Admired Companies^®". In 2020, we ranked #2 overall in the Securities and Asset Management category of the list, with a #1 ranking for innovation in Key Attributes of Reputation.^¹

Don't just take our word for it. See what clients have to say about Schwab.

What is it like to work with Schwab?

At Schwab, we believe in putting investors first. We champion investors and those who serve them because we believe everyone should have the opportunity to achieve great financial outcomes.

We see the world through your eyes. We get to know you and your needs before we make investment recommendations. We offer guidance, insights, and support no matter what type of account you have.

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Costs of Investing

$0 online equity trade commissions + Satisfaction Guarantee.

$0 online equity trade commissions + Satisfaction Guarantee.

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More choices. More ways to invest how you want.

More choices. More ways to invest how you want.

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These 8 mental mix-ups could be costing you money. Do you know what they are?

These 8 mental mix-ups could be costing you money. Do you know what they are?

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IMPORTANT INFORMATION ABOUT OUR RELATIONSHIP WITH YOU

Ready to Start

What We Offer

Trade Stocks ETFs, Mutual Funds, and Options

Access Robust Tools and Platforms

Generate Trade Ideas

Use Expert Insights and Premium Research

Access Trading Education

Get Up and Running Quickly

Rely on Dedicated Support

Make all the decisions on your own

Rely on a professional when you need to

How we Help

Don't see the answer you need?

Open your account today.

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