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
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$0No service fees or account minimums
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No foreign transaction fees³
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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
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 or contactless debit card for a 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?
- What are contactless payments?
- How do I get a contactless Schwab Bank Visa® Platinum Debit Card?