Schwab Bank Investor Checking™ account¹
No fees*, no minimums.
Banking and Investing made easier.
J.D Power award winner five years in a row.**
Checking account features
Unlimited ATM fee rebates worldwide²
$0No fees or account minimums
No foreign transaction fees³
0.45%APY⁴ on your checking account balance
Benefits of a checking account with Schwab Bank
No fee checking
No 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 or contactless debit card for a secure, convenient and easy way to pay7.
Highest in Customer Satisfaction with Checking Accounts for Direct Retail Banks 5 years in a row
**Charles Schwab Bank received the highest score in the checking segment of the J.D. Power 2019–2023 U.S. Direct Banking Satisfaction Studies, which measures overall satisfaction with branchless banks. Visit jdpower.com/awards for more details. The J.D. Power 2023 U.S. Direct Banking Satisfaction Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee.
Take the next step.
Call Schwab Bank 800-540-6718
Accounts in multiple places? We are here to help you transfer.
Looking for other cash solutions to help you reach your goals?
See rates for cash products at Schwab and compare the features and benefits of each.