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
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Unlimited ATM fee rebates worldwide² -
$0No service fees or account minimums
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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
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
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Checking Account
Charles Schwab Bank
High Yield Investor CheckingBank of America
Bank of America Advantage Relationship Banking™Chase
Sapphire CheckingCitibank
Citigold Interest CheckingWells 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
$0Bank of America
$25Chase
$25Citibank
$0Wells Fargo
$30-
Minimum Balance Required to Waive Monthly Fee
Charles Schwab Bank
$0Linked to a Schwab One® brokerage accountBank of America
$10K Minimum Daily Balance
TooltipChase
$75K Minimum Daily BalanceCitibank
$200K Minimum Daily BalanceWells Fargo
$10K Minimum Daily Balance-
ATM Rebates
Charles Schwab Bank
Unlimited2Bank of America
LimitedChase
UnlimitedCitibank
UnlimitedWells Fargo
Unlimited-
Foreign Transaction Fees
Charles Schwab Bank
$0Bank of America
3% of transaction amountChase
$0Citibank
$0Wells Fargo
3% of transaction amountAnnual 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
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Banking for investors
No monthly fees, no minimums, and a competitive APY means more money to invest.
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Travel with confidence
No foreign transaction fees, unlimited ATM fee rebates, and the Schwab Security Guarantee.
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Convenience and ease
One login, multiple accounts and the ease of managing all your money from one place.
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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.
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Robust mobile app
Make deposits, move money - All your Schwab banking needs are an app away6.
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Mobile payments are easy
Use your mobile wallet for a more secure, convenient and easy way to pay7.
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Take the next step.
Call Schwab Bank 800-540-6718
Common questions
- How do I open a High Yield Investor Checking account?
- Do I get a Schwab One® brokerage account with my High Yield Investor Checking account?
- How do I make my initial deposit to my High Yield Investor Checking account?
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