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Equity Award Center

Moving Money

There are many ways to add or transfer money to your Schwab account without any Schwab fees. However, your current firm or bank may charge a fee. Choose the method that’s best for you.

Funding Options Estimated Timing Instructions
Online bill pay 0–7 days,
depending on your bank
  1. Set up Schwab as a payee from your other online bank account.
  2. Add your Schwab account number in the payee account number field.
  3. If address and zip code are required, use: Charles Schwab & Co., Inc.
    El Paso Operation Center
    P.O. Box 982600
    El Paso, TX 79998
Schwab Mobile DepositTM1 0–1 business day
  1. Go to Schwab.com on your mobile device.
  2. Download the Schwab Mobile app for your device.
  3. Apply for the Schwab Mobile Deposit service.


Learn more about Schwab Mobile Deposit.
Deposit a check By mail: 7 business days

In branch: Same day
  1. Make check payable to Charles Schwab & Co., Inc.
  2. Endorse the back and add your account number.
  3. Fill out a deposit slip.
  4. Mail to the correct Schwab brokerage address or deposit it at your local branch.
You can trade most stocks and mutual funds as soon as the money is received in your account; however, funds may not be immediately available for withdrawals and transfers.

Deposit a check.
Transfer funds online First transfer: 5 business days

Thereafter: 1–2 business days
  1. Enroll your account in Schwab MoneyLink®.
  2. Watch your account for two “verification” trial transfers.
  3. Follow the email instructions, and then call 800-435-4000 to confirm and activate MoneyLink.
You can trade most stocks and mutual funds as soon as the money is received in your account; however, funds may not be immediately available for withdrawals and transfers.

Transfer funds online.
Transfer an account 5–10 business days for stocks, bonds, and acceptable mutual funds held at most brokerage or mutual fund firms. Trusts, banks, or insurance companies can take longer. Contact a Schwab Account Transfer Specialist at 866-232-9890.

Do it yourself online:
  1. Get the current statement from your old account.
  2. Complete the online transfer process.
You can begin trading once the account transfer is complete.

Transfer an account.
Wire transfer Same business day if transfer occurs before daily cutoff time.
  1. Provide sending institution with all necessary information.
  2. Follow the instructions to finalize your transfer.
You can trade as soon as the funds are received in your account—there are no holds.

Make a wire transfer.

Contact Us

Schwab Stock Plan Specialists are available by phone, Monday through Friday, 24 hours a day.

Outside the U.S.:
Call toll-free with an international dialing instructions.

Speak with a Schwab Stock Plan Specialist:

800-654-2593

Monday through Friday, 24 hours a day

Outside the U.S.:
Call toll-free using our
international dialing instructions.

Find a branch

 

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Disclosure

The material on this website is provided for general informational purposes.

The information on this website and that provided by the Equity Award Consultation Team are not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, legal advisor, or investment manager.

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products and services are offered by Schwab Bank, Member FDIC and an Equal Housing Lender.

Schwab Stock Plan Services provides equity compensation plan services and other financial services to corporations and employees through Charles Schwab & Co., Inc. (“Schwab”). Schwab, a registered broker-dealer, offers brokerage and custody services to its customers.

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