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Commissions & Trades
There are no fees to open and maintain a Schwab account.
Online stock and ETF trades at Schwab are commission-free1. Online options trades are $0.65 per contract7. Service charges apply for automated phone trades ($5) and broker-assisted trades ($25) for stocks, ETFs, and Options. Futures trades are $1.50 per contract6 for both online and broker-assisted trades. Thousands of mutual funds through Schwab Mutual Fund OneSource3 are transaction-free for both online and automated phone trades, and a $25 service charge applies to broker-assisted trades. Non-Schwab Mutual Fund OneSource trades are up to $49.95 per purchase and $0 per redemption for online and automated phone trades. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service [and certain other funds with no transaction fee] and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading. Funds are also subject to management fees and expenses.
We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you're not completely satisfied, we'll refund your eligible fee or commission and work with you to make things right.† You won't find that kind of promise everywhere—but you will find it here.
A phone trade is any trade placed by the investor by phone. A broker-assisted trade is any trade placed by a broker/financial consultant. Note that an investor can call a broker/financial consultant for help with a trade without a charge, as long as the investor, not the broker, actually places the trade.
No, as long as you place the trade yourself, you do not have to pay the "broker-assisted trade" fee.
Schwab Bank offers unlimited ATM fee rebates for cash withdrawals using the Schwab Bank Visa® Platinum card. Schwab Bank does not charge foreign exchange transaction fees for purchases made from your Schwab Bank High Yield Investor Checking Account with your Schwab Bank debit card.22 Learn more