Charles Schwab High Yield Investor Checking
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| Community Rating | Strongly recommended |
| Cashback Rewards | N/A |
| APY (Annual Percentage Yield) | 0.03% |
| Monthly Fee | $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
| Number of Reviews | 7 |
Charles Schwab High Yield Investor Checking Review
Charles Schwab High Yield Investor Checking is offered by Charles Schwab, a bank founded in 1971 and based in San Francisco, CA. Charles Schwab High Yield Investor Checking is available in 50 states (and Washington, DC).
- Low APY. The maximum annual percentage yield for this account is only 0.03%.
- $0 monthly fee. This account does not charge a monthly Service Charge.
- No minimum initial deposit. There is no minimum balance required to open an account.
- No ATM fees. Charles Schwab High Yield Investor Checking does not charge fees on ATM transactions.
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
- Bill pay. Pay your bills to practically anyone in the United States through Charles Schwab.
| Pros | Cons |
|---|---|
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Are checking accounts from Charles Schwab federally insured?
Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57450). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Charles Schwab Bank checking account offer?
| Description | |
|---|---|
| APY (Annual Percentage Yield) | 0.03% |
Charles Schwab Bank checking account offers an APY of 0.03% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $0.01.
What are the account minimums for Charles Schwab Bank checking account?
Charles Schwab Bank checking account does not require a minimum initial deposit.
| Description | |
|---|---|
| APY Minimum Balance | $0.01 |
| Minimum Opening Deposit | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
What fees does Charles Schwab Bank checking account charge?
The good news is that this account does not have a monthly Service Charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Check Cashing Fee | $10 |
| Check Copy | $0 |
| Check Image Service | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 0% |
| Monthly Fee | $0 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $25 |
| Overdraft Protection Fee (per transfer) | $0 |
| Paper Statement Fee | $0 |
| Returned Deposit Fee (Domestic) | $5 |
| Returned Deposit Fee (International) | $5 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $25 |
| ATM Fee: Out-of-Network | $0 |
Does Charles Schwab Bank checking account charge overdraft fees?
Yes, Charles Schwab Bank checking account charges a $25 fee for every overdraft.What features and perks does Charles Schwab Bank checking account offer?
This account includes the following features:
- ATM rebates - This account will reimburse you for any domestic ATM fees.
- Fraud monitoring - Charles Schwab Bank checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Charles Schwab Bank checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for Charles Schwab Bank checking account?
The customer support email for Charles Schwab Bank checking account is accessibilityhelp@schwab.com.
How do people rate the customer service and user experience of Charles Schwab Bank checking account?
Overall, Charles Schwab Bank checking account is strongly recommended based on community reviews that rate customer service and user experience.
Message From Charles Schwab
Contact
- Headquarters
-
211 Main Street
San Francisco, CA 94105 - Visit Site
- Email Support
Other Services by Charles Schwab
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| APY Minimum Balance | $0.01 |
| Minimum Opening Deposit | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $0 |
Charles Schwab High Yield Investor Checking Community Reviews
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