$0 commissions on online trades.¹

See all our pricing and trading fees in one convenient place.

Open an Account

$0

Stocks and ETFs

online commission^1,2
$0

Options

online base commission + $0.65 per contract fee³
$0

Mutual Funds

on thousands of funds from Schwab Mutual Fund OneSource⁴

Plus, no trade minimums, no account minimums, and a Satisfaction Guarantee.

Trading Fees and Commissions

Online Trades
Broker-Assisted Trades

Stocks and ETFs^1,2
Online Trades

$0 online commission
Broker-Assisted Trades

$0 + $25 service charge

Options^3,5
Online Trades

$0 online base commission + $0.65 per contract fee⁶
Broker-Assisted Trades

$0.65 per contract + $25 service charge

Schwab Mutual Fund OneSource^®4
Online Trades

$0
Broker-Assisted Trades

$0 + $25 service charge

All other mutual funds⁷
Online Trades

Up to $49.95 per purchase
Broker-Assisted Trades

Online pricing + $25 service charge

See all pricing

All Trading Fees and Commissions

All Trading Fees and Commissions
	Online Trades	Broker-Assisted Trades
Stocks and ETFs^1,2	$0 online commission	$0 + $25 service charge
Options^3,5	$0 online base commission + $0.65 per contract fee⁶	$0.65 per contract + $25 service charge
Schwab Mutual Fund OneSource^®4	$0	$0 + $25 service charge
All other mutual funds⁷	Up to $49.95 per purchase	Online pricing + $25 service charge
Futures⁸	$1.50 per contract	$1.50 per contract
Futures Options⁸	$1.50 per contract	$1.50 per contract
New issues, including CDs	Selling concession is included in the offering price	Selling concession is included in the offering price
Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes and TIPS	$0	$0 + $25 service charge
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS	$1 per bond* $10 minimum $250 maximum*	Online pricing + $25 service charge
Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investment Trusts	These are specialty products. Please contact us at 800-626-4600 for information.	These are specialty products. Please contact us at 800-626-4600 for information.
Preferred Stocks and REITs¹	$0	$0 + $25 service charge

Account Fees and Minimums

Opening and Maintenance Fees†
Account Minimums

Brokerage (Individual and Joint)
Open a brokerage account >
Opening and Maintenance Fees†

$0
Account Minimums

$0

IRA (Traditional, Roth, or Rollover)⁹
Open an IRA >
Opening and Maintenance Fees†

$0
Account Minimums

$0

Schwab Trading Services^TM Account
Enroll in Trading Services >
Opening and Maintenance Fees†

$0
Account Minimums

$0

Schwab Bank High Yield Investor Checking linked to a Schwab One^®Brokerage¹⁰
Open a checking account >
Opening and Maintenance Fees†

$0
Account Minimums

$0

† There are no fees to open or maintain your account. Other account fees, fund expenses, and brokerage commissions may apply.

See all pricing

All Account Fees and Minimums

All Account Fees and Minimums
	Opening and Maintenance Fees†	Account Minimums
Brokerage (Individual and Joint) Open a brokerage account >	$0	$0
IRA (Traditional, Roth, or Rollover)⁹ Open an IRA >	$0	$0
Schwab Trading Services™ Account Enroll in Trading Services >	$0	$0
Schwab Bank High Yield Investor Checking linked to a Schwab One® Brokerage¹⁰ Open a checking account >	$0	$0
Schwab Bank High Yield Investor Savings® Download application >	$0	$0
Schwab Global Account™¹¹ Call 800-992-4685 Download application >	$0	$0
Schwab One® Trust Call 866-866-9041 Open an account >	$0	$0
Schwab One® Estate Call 866-232-9890 Download application >	$0	$0
Schwab Charitable™¹² Call 800-746-6216 Open an account >	$0	$5,000
529 College Savings¹³ Apply now >	$0	$0
Education Savings Call 866-663-5247 Download application >	$0	$0
Schwab One® Custodial (UGMA/UTMA) Call 866-663-5247 Download application >	$0	$0
Individual 401(k) Plan Call 866-855-6637	$0	$0
Inherited IRA/Inherited 401(k) Call 866-855-5635	$0	$0
Schwab Personal Choice Retirement Account® (PCRA) Call 888-393-7272 Open an account >	$0	$0
SEP-IRA Call 800-435-4000	$0	$0
SIMPLE-IRA Call 800-435-4000	$0	$0
Personal Defined Benefit Plan Call 800-435-4000	$0	$0
Business 401(k) Call 877-456-0777	$0	$0
Company Retirement Plan Call 800-435-4000	$0	$0
Schwab Organization Call 866-516-0483 Apply now >	$0	$250,000 relationship minimum across all Schwab accounts

† There are no fees to open or maintain your account. Other account fees, fund expenses, and brokerage commissions may apply.

Investment Management Fees and Minimums

Costs and Fees
Account Minimums

Schwab Intelligent Portfolios®¹⁴
Open an account >

Just as if you’d invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below.
Costs and Fees

No advisory fee + No commissions
Account Minimums

$5,000

Schwab Intelligent Portfolios Premium^™¹⁴
Open an account >

Just as if you’d invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below.
Costs and Fees

One-time planning fee: $300
Monthly advisory fee: $30
Account Minimums

$25,000

Schwab Private Client^™15
Call 866-645-4124
Costs and Fees

Starts at 0.80%
(Fee rates decrease at higher asset levels)
Account Minimums

$1 million

Schwab Advisor Network®¹⁶
Call 877-549-1403
Costs and Fees

No charge for referrals
Fees vary by advisor
Account Minimums

$500,000

See all pricing

All Investment Management Fees and Minimums

All Investment Management Fees and Minimums
	Costs and Fees	Account Minimums
Schwab Intelligent Portfolios®¹⁴ Open an account > Just as if you’d invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below.	No advisory fee + No commissions	$5,000
Schwab Intelligent Portfolios Premium™¹⁴ Open an account > Just as if you’d invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below.	One-time planning fee: $300 Monthly advisory fee: $30	$25,000
Schwab Private Client™¹⁵ Call 866-645-4124	Starts at 0.80% (Fee rates decrease at higher asset levels)	$1 million
Schwab Advisor Network®¹⁶ Call 877-549-1403	No charge for referrals Fees vary by advisor	$500,000
Schwab Managed Portfolios¹⁷ Call 866-855-5689	Starts at 0.90% (Fee rates decrease at higher asset levels)	$25,000
Managed Account Select® Equity Strategies¹⁷ Call 866-855-9041	Starts at 1.00% (Fee rates decrease at higher asset levels)	$100,000
Managed Account Select® Fixed Income Strategies¹⁷ Call 866-855-9041	Starts at 0.65% (Fee rates decrease at higher asset levels)	$250,000
Wasmer Schroeder™ Strategies¹⁷ Call 855-966-3713	Starts at 0.55% (Fee rates decrease at higher asset levels)	$250,000
Windhaven® Strategies¹⁸ Call 877-336-5375	Starts at 0.95% (Fee rates decrease at higher asset levels)	$100,000
ThomasPartners® Strategies¹⁸ Call 877-566-1032	Starts at 0.90% (Fee rates decrease at higher asset levels)	$100,000

Money Transfer Fees

Fees to Transfer
Business Days to Complete

Online between Schwab accounts
Fees to Transfer

$0
Business Days to Complete

0–1 days

Online between outside accounts and Schwab investment accounts via Schwab MoneyLink^®
Fees to Transfer

$0
Business Days to Complete

1–2 days

Schwab Mobile Deposit™
Fees to Transfer

$0
Business Days to Complete

Mobile deposits submitted before 4 p.m. local time within the contiguous U.S. will be processed the same business day

Check
Fees to Transfer

$0
Business Days to Complete

0–1 days

See all pricing

All Money Transfer Fees

All Money Transfer Fees
	Fees to Transfer	Business Days to Complete
Online between Schwab accounts	$0	0–1 days
Online between outside accounts and Schwab investment accounts via Schwab MoneyLink^®	$0	1–2 days
Schwab Mobile Deposit™	$0	Mobile deposits submitted before 4 p.m. local time within the contiguous U.S. will be processed the same business day
Check	$0	0-1 days
Wire	From your Schwab investment accounts: $25 Into your Schwab investment accounts: Depends on sending institution	From your Schwab investment accounts: 0–1 days Into your Schwab investment accounts: Depends on sending institution
Direct Deposit	$0	N/A
Automatic Investment Plan¹⁹	$0	0–1 days
Schwab Bank Bill Pay	$0	1 or more business days depending on delivery

The Schwab Satisfaction Guarantee

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.**

Common Questions

What is the minimum investment needed for a brokerage account?: There is no minimum investment needed to open a brokerage account.
How much will it cost to open an account?: There are no fees to open and maintain a Schwab account.
How much does it cost to execute a trade? Do you charge trading commissions?: Online stock and ETF trades at Schwab are commission-free.¹ Online options trades are $0.65 per contract.³ Service charges apply for automated phone trades ($5) and broker-assisted trades ($25) for stocks, ETFs, and Options. Futures trades are $1.50 per contract⁸ for both online and broker-assisted trades. Thousands of mutual funds through Schwab Mutual Fund OneSource⁴ 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.
What is covered by the Satisfaction Guarantee?: 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.
If I place a trade myself online but I call in with a question about the trade, do I have to pay the “broker-assisted trade” fee?: No, as long as you place the trade yourself, you do not have to pay the "broker-assisted trade" fee.
When traveling abroad, does a Schwab Bank High Yield Investor Checking Account have ATM and currency fees?: 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.²⁰Learn more

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Schedule of Option Exchange Imposing the Fee Application to the Exchange Process Fee
Exchange	Fees per Contract (Buys and Sells) Passed to Client
BOX	$0.0038
C2	$0.0004
CBOE	$0.0023
MIAX	$0.0029
MPRL	$0.0028
EDGX	$0.0001
BATS	$0.0001
EMLD	$0.0006

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Costs of Investing

$0 online equity trade commissions + Satisfaction Guarantee.

$0 online equity trade commissions + Satisfaction Guarantee.

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Investing Principles

These 8 mental mix-ups could be costing you money. Do you know what they are?

These 8 mental mix-ups could be costing you money. Do you know what they are?

$0 commissions on online trades.¹

Pricing and fees

$0

$0

$0

Trading Fees and Commissions

Online Trades

Broker-Assisted Trades

Online Trades

Broker-Assisted Trades

Online Trades

Broker-Assisted Trades

Online Trades

Broker-Assisted Trades

Account Fees and Minimums

Opening and Maintenance Fees†

Account Minimums

Opening and Maintenance Fees†

Account Minimums

Opening and Maintenance Fees†

Account Minimums

Opening and Maintenance Fees†

Account Minimums

Investment Management Fees and Minimums

Costs and Fees

Account Minimums

Costs and Fees

Account Minimums

Costs and Fees

Account Minimums

Costs and Fees

Account Minimums

Money Transfer Fees

Fees to Transfer

Business Days to Complete

Fees to Transfer

Business Days to Complete

Fees to Transfer

Business Days to Complete

Fees to Transfer

Business Days to Complete

Common Questions

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Have questions? We can help.

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