Schwab brokerage account applications submitted online and originating from this page will automatically be enrolled in Schwab Trading Services™, which includes access to StreetSmart® trading platforms and Schwab trading specialists. There are no fees to use Schwab Trading Services. Other accounts fees, optional data fees, fund expenses and transaction charges may apply. Schwab reserves the right to restrict or modify access at any time. After the account is opened, Trading Services enrollment is usually completed every hour. For faster enrollment, call 888-245-6864 to speak to a Schwab Trading Services representative.

1. Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See the Charles Schwab Pricing Guide for Individual Investors  for full fee and commission schedules. 

2. Withdrawals can be taken out tax-free and penalty-free providing you're 59½ or older and you have met the minimum account holding period (currently five years).

3. Traditional IRA withdrawals are subject to ordinary income tax and may be subject to a 10% federal tax penalty if withdrawn prior to age 59½.

4. The Schwab Bank High Yield Investor Checking® account is available only as a linked account with a Schwab One® brokerage account. The Schwab One brokerage account has no minimum balance requirements, minimum balance charges, or minimum trade requirements, and there is no requirement to fund this account, when opened with a linked High Yield Investor Checking account.

To learn more about other Schwab Bank checking accounts, please contact Schwab Bank at 888-403-9000.

Please see the Schwab Bank Deposit Account Pricing Guide and Account Agreement for details about the bank pricing, terms, and conditions.

5. Unlimited ATM fee rebates apply only to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card at any ATM where it is accepted. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account. See the Schwab Bank Deposit Account Pricing Guide and Account Agreement for additional terms and conditions. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.

6. The Schwab Mobile Deposit service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed. Standard hold policies apply. Requires a wireless signal or mobile connection. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. Functionality may vary by operating system and/or device. Mobile carrier data charges may apply.

7. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000, based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC).

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