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FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
Schwab Bank Investor Checking™

A checking account built for investors.

No fees.1 And a J.D. Power award winner for the past six years.* Welcome to checking designed just for you.

The benefits are worth checking out.

The Schwab Bank Investor Checking™ account is conveniently linked to a Schwab One® brokerage account,2 so you get all the features of our award-winning checking account plus the cash management solutions you need in one place, with a single login.

Schwab Bank Investor Checking accounts are FDIC-insured. Schwab One brokerage accounts are not FDIC-insured; are not deposits; and may lose value.

Move money quickly.

Transfer cash between your brokerage and checking accounts in seconds3 and access it instantly for trading and investing.

Ditch the fees.

With no monthly service fees or overdraft fees, you'll have more money to invest.

Travel with confidence.

No foreign transaction fees, unlimited ATM fee rebates for cash withdrawals worldwide,4 and the Schwab Security Guarantee.

6 JD Power awards

#1 in Customer Satisfaction for Direct Bank Checking Accounts for the 6th year in a row.

*Charles Schwab received the highest score in the checking segment of the J.D. Power 2019–2024 U.S. Direct Banking Satisfaction Studies, which measures overall satisfaction with direct branchless banks. Visit jdpower.com/awards for more details. The J.D. Power 2024 U.S. Direct Banking Satisfaction Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee.

Schwab Bank was named #1 in Banks in the 2024 Investor's Business Daily Most Trusted Financial Companies list for the second year in a row.

Investor's Business Daily MarketWatch Most Trusted Financial Companies 2024 #1 in Banks

The IBD Most Trusted Bank accolade/recognition was published online by IBD on September 20, 2024, and is licensed for a 15-month timeframe. The criteria, evaluation, and ranking were determined by Investor's Business Daily in conjunction with its research partner, TechnoMetrica Market Intelligence, and were based on consumer surveys conducted May-July 2024. Schwab paid a licensing fee to York Graphic Services, LLC. for uses of the award and logos through January 4, 2026.

Take a guided tour of our award-winning features.

Are you more of a visual learner? Then watch our in-depth video and see for yourself the many advantages a Schwab Bank Investor Checking account offers investors.

Narrator: Schwab Bank Investor Checking™—the checking account built for investors.

Named highest in client satisfaction by J.D. Power for six years in a row…

On-screen text: Disclosure: Charles Schwab received the highest score in the checking segment of the J.D. Power 2019-2024 U.S. Direct Banking Satisfaction Studies, which measures overall satisfaction with direct branchless banks. Visit jdpower.com/awards for more details. The J.D. Power 2024 U.S. Direct Banking Satisfaction Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee.

Narrator: With Investor Checking, you get the award-winning features of our checking account, plus cash management solutions, all designed for investors like you.

With Unlimited ATM fee rebates for cash withdrawals worldwide…

On-screen text: Disclosure: Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card wherever it is accepted. ATM fee rebates do not include any fees imposed by merchants or ATM operators for POS transactions, or fees for stamp purchases, balance inquiries, non-local ATM currency withdrawal fees (referred to as dynamic currency conversion fees), or any other transaction other than an ATM cash withdrawal in local currency from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 888‐403‐9000 (or for clients of independent investment advisors, a Schwab Alliance Service team Member at 800-515-2157). Schwab Bank reserves the right to modify or discontinue the ATM surcharge rebate at any time. If you use your Card to withdraw foreign currency from an ATM, or to pay for a purchase with foreign currency, Schwab Bank charges your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate and calculation of the U.S. dollar equivalent will be done by the bank at which you conduct the transaction, the network to which the ATM belongs, or Visa. The bank or network may also charge a fee. Schwab Bank does not assess foreign transaction fees (i.e., a fee to convert US dollars to local currency) to debit card holders. See the Schwab Bank Visa Debit Card Agreement for details.

Narrator: no overdraft fees, and enhanced security features to keep your money safe.

On-screen text: Disclosure: Lock your card if it's lost or stolen, if you suspect fraud, or if you won't be using it. You can lock your card if it is activated and in good status. Locking blocks cash advances, ATM withdrawals, and purchases at point of sale, online, or over the phone. The account is still active and you can still see your balances. Note that even if your card is locked, the following transactions still continue: Recurring transactions and bill payments. Credits and reversals. We'll notify you anytime the card is locked and unlocked. For assistance in locking or unlocking the card or to file a fraud claim, contact us at 888-403-9000.

Narrator: Also, because your Investor Checking account is linked to your Schwab One® brokerage account…

On-screen text: Disclosure: The Schwab Bank 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, no minimum balance charges, no minimum trade requirements, and there is no requirement to fund this account when opened with a linked Investor Checking account. If approved, your Schwab Bank Investor Checking account will be opened with Charles Schwab Bank, SSB., Member FDIC. Your linked brokerage account will be opened with Charles Schwab & Co., Inc. (Member SIPC.) Schwab One brokerage accounts are not insured by the FDIC; are not deposits; and may lose value.

Narrator: you can manage your checking and investing in one convenient location.

On-screen text: Disclosure: 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.

Narrator: Moving funds between your accounts is easy. Cash moved to your brokerage account is available in seconds.

On-screen text: Disclosure: In general, cash moved from your brokerage account is available in seconds; however, during weekend and after-hours, it may not be available until the next business day.

Narrator: That means you can stop waiting and start investing in stocks, bonds, money market funds, and more.

On-screen text: Disclosure: Investing involves risk, including loss of principal.

Narrator: Get more with Schwab Bank Investor Checking—the checking account built for investors.
Video Transcript

Schwab Bank Investor Checking™

Narrator: Schwab Bank Investor Checking™—the checking account built for investors.

Named highest in client satisfaction by J.D. Power for six years in a row…

On-screen text: Disclosure: Charles Schwab received the highest score in the checking segment of the J.D. Power 2019-2024 U.S. Direct Banking Satisfaction Studies, which measures overall satisfaction with direct branchless banks. Visit jdpower.com/awards for more details. The J.D. Power 2024 U.S. Direct Banking Satisfaction Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee.

Narrator: With Investor Checking, you get the award-winning features of our checking account, plus cash management solutions, all designed for investors like you.

With Unlimited ATM fee rebates for cash withdrawals worldwide…

On-screen text: Disclosure: Unlimited ATM fee rebates apply to cash withdrawals using the Schwab Bank Visa® Platinum Debit Card wherever it is accepted. ATM fee rebates do not include any fees imposed by merchants or ATM operators for POS transactions, or fees for stamp purchases, balance inquiries, non-local ATM currency withdrawal fees (referred to as dynamic currency conversion fees), or any other transaction other than an ATM cash withdrawal in local currency from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 888‐403‐9000 (or for clients of independent investment advisors, a Schwab Alliance Service team Member at 800-515-2157). Schwab Bank reserves the right to modify or discontinue the ATM surcharge rebate at any time. If you use your Card to withdraw foreign currency from an ATM, or to pay for a purchase with foreign currency, Schwab Bank charges your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate and calculation of the U.S. dollar equivalent will be done by the bank at which you conduct the transaction, the network to which the ATM belongs, or Visa. The bank or network may also charge a fee. Schwab Bank does not assess foreign transaction fees (i.e., a fee to convert US dollars to local currency) to debit card holders. See the Schwab Bank Visa Debit Card Agreement for details.

Narrator: no overdraft fees, and enhanced security features to keep your money safe.

On-screen text: Disclosure: Lock your card if it's lost or stolen, if you suspect fraud, or if you won't be using it. You can lock your card if it is activated and in good status. Locking blocks cash advances, ATM withdrawals, and purchases at point of sale, online, or over the phone. The account is still active and you can still see your balances. Note that even if your card is locked, the following transactions still continue: Recurring transactions and bill payments. Credits and reversals. We'll notify you anytime the card is locked and unlocked. For assistance in locking or unlocking the card or to file a fraud claim, contact us at 888-403-9000.

Narrator: Also, because your Investor Checking account is linked to your Schwab One® brokerage account…

On-screen text: Disclosure: The Schwab Bank 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, no minimum balance charges, no minimum trade requirements, and there is no requirement to fund this account when opened with a linked Investor Checking account. If approved, your Schwab Bank Investor Checking account will be opened with Charles Schwab Bank, SSB., Member FDIC. Your linked brokerage account will be opened with Charles Schwab & Co., Inc. (Member SIPC.) Schwab One brokerage accounts are not insured by the FDIC; are not deposits; and may lose value.

Narrator: you can manage your checking and investing in one convenient location.

On-screen text: Disclosure: 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.

Narrator: Moving funds between your accounts is easy. Cash moved to your brokerage account is available in seconds.

On-screen text: Disclosure: In general, cash moved from your brokerage account is available in seconds; however, during weekend and after-hours, it may not be available until the next business day.

Narrator: That means you can stop waiting and start investing in stocks, bonds, money market funds, and more.

On-screen text: Disclosure: Investing involves risk, including loss of principal.

Narrator: Get more with Schwab Bank Investor Checking—the checking account built for investors.

Want more from your checking account? Count on it.

Contactless debit cards.

Pay securely with your Schwab Bank Visa® Platinum Debit Card at contactless-enabled terminals or add it to your mobile wallet.5

Robust mobile app.

Make deposits,6 check balances, move money, and use Zelle®,7 Apple Pay,8 or Google Pay9 for a simple way to pay.

Know your money is secure.

Rest assured with features like fraud alerts and travel notifications, debit card lock/unlock,10 plus FDIC insurance up to $250,000 per depositor.11

Access 24/7 assistance.

Schwab dedicated teams are standing by and ready to help answer your questions and support your checking or banking needs.

Power up your checking.

Accounts in multiple places? We're here to help you transfer.

Looking for additional cash solutions?

We offer a wide range of cash products at Schwab to help you achieve your goals. See our solutions and compare the features, benefits, and rates of each.

Explore our cash solutions

Common investor checking questions.

It's quick and easy to apply online once you've gathered the required information. You can also call 888-403-9000 any time for assistance. Or you can download a paper application.

There are several ways you can make a deposit:

  • Use Schwab Mobile Deposit™5 by taking a picture of a check once your checking account is opened.
  • Transfer funds to your checking account online from your linked Schwab One® brokerage account.
  • Set up direct deposit into your Investor Checking account.
  • Transfer funds from another financial institution with MoneyLink®.
  • Mail a check to Schwab Bank using a free postage-paid envelope.
  • Request a wire transfer to your account from another financial institution.

Contactless payments are a secure way to purchase products or services using near-field communication (NFC) technology. NFC technology allows the card and the terminal to speak to each other to enable payments at close ranges. Once you tap or wave your card at the terminal, when prompted to pay, an authorization is sent securely without transmitting personal account information. 

Learn more about contactless payments.

You can receive a new contactless card in one of two ways:

  1. Go to the Debit Card Reorder page on Schwab.com. Choose the "Upgrade to contactless" button, verify your address, and then click "Request card." Your card will be mailed to the address that you choose, and you should receive it in 3–5 business days.
  2. You will receive an upgraded contactless card upon expiration of your current card. There is nothing you will need to do. Your new card will be shipped to you a month or so before the expiration of your current card.

Consolidating all your accounts at Schwab may help you better manage your finances. We can help you every step of the way in bringing your assets over, in a tax-efficient manner. Learn more about transferring accounts to Schwab.

Schwab Bank Investor Checking FAQs

See all Schwab Bank Investor Checking FAQs

Helpful resources and guides.

Even more for you to explore.