Welcome USAA members.

USAA logo

Welcome USAA members.
Take the next step toward your tomorrow with Schwab.

Schwab Stock Slices™

 

Already have an account? Get started

Stock slice image with various logos

Now you can own fractional shares of any of America's leading companies in the S&P 500® for as little as $5, even if their shares cost more.

  • Buy a single slice for as little as $5.

    Let's say Apple's stock is selling for $150. Since you're buying a dollar amount instead of a number of shares, you can buy a fractional share for as little as $5.
  • Or buy multiple slices at a time.

    You can get fractional shares in multiple different companies for a total price of $50, instead of a total price of $9,373

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Share prices will vary based on market conditions. Share % is of one share truncated to one decimal point.

Take the next step.

Why buy a stock slice? Glad you asked.

Let's say you want to invest in a company, but its stock price may be higher than what you want to pay. Instead of buying a whole share of stock, you can buy a fractional share, which is a "slice" of stock that represents a partial share, for as little as $5. For example, if a company's stock is selling at $1,000 a share and you were buying $200 worth of it, you would own 0.2 (20%) of a share. With stock slices, investing has never been more accessible.

A simple, low-cost way to invest in any S&P 500 stock.

Anytime you buy fractional shares through Schwab Stock Slices, you can buy a single slice or up to 30 slices for as little as $5 per slice. And of course, you can trade stock slices commission-free online, just as you would full shares at Schwab.1 See a list of companies in the S&P 500 Index.

  • null

    Affordable

    Get started with as little as $5.

  • null

    Accessible

    Any S&P 500 stock is now within reach. See a list of companies in the S&P 500 Index.

  • null

    Customizable

    Have the freedom to choose from up to 30 slices each time you place an order.

It's easy to get started.

  • Step

    Open an Account

    If you already have a Schwab brokerage account, you can buy stock slices now. If you don't have a brokerage account, you'll need to open one.

  • Step

    Fund Your Account

    Once you open your account, it may take a few days for it to be approved and funded. We will notify you once your funds are available.

  • Step

    Buy Your Fractional Shares

    After your account has been funded, log in and go to Schwab Stock Slices to get started.

Give the gift of ownership.

Find out how you can buy someone you care about stock slices in a custodial account. It’s a great way to give the gift of ownership to minors.

Kids using a laptop

You have questions. We have answers.

Schwab Stock Slices is an easy way to buy fractional shares (or whole shares) for a set dollar amount. You have the option to buy slices of stock in up to 30 top U.S. companies in a single transaction. The shares you purchase through Schwab Stock Slices can be held and sold independently.

A fractional share (stock slice) is when you own less than one whole share of a company. Fractional shares allow you to invest in stocks based on a dollar amount, so you may end up with a fraction of a share, a whole share, or more than one share.

Yes, proportionate to the percentage of the share you own.

Voting: If you own less than one whole share of stock, you will generally be able to participate in mandatory corporate actions such as stock splits, mergers, or spin-offs, but you will not be able to participate in any shareholder vote or voluntary corporate actions like tender offers and certain rights offerings.

 

Transferability: If you want to transfer your account or specific share positions to another broker, only whole shares can be transferred.  Your fractional shares that cannot be transferred or reorganized will be liquidated at prevailing market prices, and the proceeds will be credited to your account. Since your fractional shares cannot be transferred, your overall SIPC coverage may be affected.

 

Corporate Action: If you receive fractional shares as the result of a stock split or other corporate action, we may either sell the shares on the open market or to the issuer or transfer agent, and you are entitled to receive your pro rata portion of the proceeds of such sale. If sold on the open market, the sale price may differ from that offered to certain registered owners by the issuer or transfer agent.

 

The shares available for purchase through Schwab Stock Slices are those in the S&P 500 Index (S&P 500), which includes the 500 leading large-cap U.S. publicly traded companies. The S&P 500 is often used as a benchmark or indicator of how large-cap U.S. equities are performing. See a list of companies in the S&P 500 Index.

Yes, the minimum for a single transaction is $5, and the maximum is $50,000 per transaction.

No. You can use Schwab Stock Slices to invest as often as you want.

The individual share(s) will be in your brokerage account.

Yes, to place a Schwab Stock Slices order, you will need to have an eligible Schwab brokerage account (e.g., custodial, individual, joint account, etc.).

There are no commissions when you place a trade online through Schwab Stock Slices.

Multiply your current fractions by the whole number shares of the stock split to see what your future whole or fractional share holdings will be, upon completion of the stock split. For example, if you owned .15 of a share and the company announced a split of three additional shares, you could anticipate holding .45 (0.15 x 3) of a share when the stock split is complete. If you held .43 shares of the same company, at the completion of the stock split you'd have 1.72 shares. This equates to a whole share and a fractional share because the split would award you an additional 1.29 shares (.43 x 3) shares.

Have more questions? We're here to help.