Schwab Bank High Yield Investor Checking® account

Linked to a Schwab One® brokerage account1 and built for investors – no monthly fees, no minimums.

Checking account features

  • Gift with dollar sign icon

    Unlimited ATM fee rebates worldwide²

  • $0

    No service fees or account minimums

  • Globe with dollar sign icon

    No foreign transaction fees³

  • 0.03%

    APY⁴ on your checking account balance

Highest in Customer Satisfaction with Direct Retial Banking Two Years in a Row

JDPower Award

Highest in Customer Satisfaction with Direct Retail Banking two years in a row8

Checking Accounts: How Schwab Bank compares

Checking Accounts: How Schwab Bank compares

  • Charles Schwab Bank
  • Bank of America
  • Chase
  • Citibank
  • Wells Fargo
  • Checking Account
  • Charles Schwab Bank

    High Yield Investor Checking
  • Bank of America

    Bank of America Advantage Relationship Banking™ 
  • Chase

    Sapphire Checking 
  • Citibank

    Citigold Interest Checking 
  • Wells Fargo

    Portfolio by Wells Fargo®
  • Annual Percentage Yield4
  • Charles Schwab Bank

    0.03%
  • Bank of America

    0.01-0.02% 

    Below $50K: 0.01%

    $50K+: 0.02% 
  • Chase

    0.01%

    $0 - $24,999.99: 0.01%

    $25K - $49,999: 0.01%

    $50K+: 0.01%
  • Citibank

    0.03%

    Below $25K: 0.03%

    $25K - $49,999: 0.03%

    $50K+: 0.03% 
  • Wells Fargo

    0.01-0.05%

    $0 - $4,999.99: 0.01%

    $5,000+: 0.05% 
  • Monthly Fee
  • Charles Schwab Bank

    $0
  • Bank of America

    $25
  • Chase

    $25
  • Citibank

    $0
  • Wells Fargo

    $30
  • Minimum Balance Required to Waive Monthly Fee
  • Charles Schwab Bank

    $0 

    Linked to a Schwab One® brokerage account  
  • Bank of America

    $10K Minimum Daily Balance
    Waived if Tooltip  
  • Chase

    $75K Minimum Daily Balance
    Waived if Tooltip
  • Citibank

    $200K Minimum Daily Balance
    Waived if Tooltip
  • Wells Fargo

    $10K Minimum Daily Balance
    Waived if Tooltip
  • ATM Rebates
  • Charles Schwab Bank

    Unlimited2
  • Bank of America

    Limited
  • Chase

    Unlimited
  • Citibank

    Unlimited
  • Wells Fargo

    Unlimited
  • Foreign Transaction Fees
  • Charles Schwab Bank

    $0
  • Bank of America

    3% of transaction amount
  • Chase

    $0
  • Citibank

    $0
  • Wells Fargo

    3% of transaction amount

Annual percentage yields on competitor accounts as of 10/29/2019. More information about the above accounts may be found on the respective competitor websites. We believe the above competitor information to be reliable, but neither Schwab Bank nor its affiliates guarantee its accuracy, timeliness, or completeness.

Benefits of a checking account with Schwab Bank

  • Banking for investors

    No monthly fees, no minimums, and a competitive APY means more money to invest.

  • Travel with confidence

    No foreign transaction fees, unlimited ATM fee rebates, and the Schwab Security Guarantee.

  • Convenience and ease

    One login, multiple accounts and the ease of managing all your money from one place.

  • Security and peace of mind

    Card lock/unlock, bank and transaction alerts and travel notices5 help you and us stay on top of your account.

  • Robust mobile app

    Make deposits, move money - All your Schwab banking needs are an app away6.

  • Mobile payments are easy

    Use your mobile wallet for a more secure, convenient and easy way to pay7.

Common questions

Read Client Reviews