Schwab bank is the best kept secret… Every day I hear "I didn't know you all had a bank"…
"Thank you! This is great… let's move it over… I can't stand where I bank now… tell me more."
It's a bank specially designed for investors.
Chuck actually asked the question: "Why can't we and why don't we build a bank for investors?"
We're a brokerage firm first that has a bank. Not a bank that has a brokerage firm. So we look at it through that lens.
We have a checking account that is tightly linked with a brokerage account.
When you log on to view your investment accounts, you will also see your bank accounts.
Not only is it about seeing it in one place, but also being able to act quickly and decisively when needed…
And that is the ease of doing business with Charles Schwab bank. We have our checking account… our savings account…
The money that you have in your checking account is yours and isn't going to be whittled away with "gotcha fees."
If you need cash…
Any time you use an ATM, Charles Schwab will refund the ATM fee.
Any ATM in the world. That's what's wild. You know how much Vegas ATMs are… it's credited back to your account.
One of the biggest solutions that we offer is lending capabilities.
With our pledged asset line, it is truly a non-purpose line of credit. It's collateralized against your investments.
We partner with Rocket Mortgage.
They dedicated a specialty team just to our Schwab clients.
Delivering that white glove service from start to finish.
Our goal is to make it seamless and easy.
This can't be true. This is too good to be true.
Banking capability and investing capability all in one place.
All in one place.
Because we're here at the end of the day to support you – the client.