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Charles Schwab Bank Checking Account

in Checking Accounts

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Charles Schwab Bank Checking Account

Unaffiliated

in Checking Accounts

SuperMoney Net Recommendation Score +67% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly recommended

2 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Highlights
SuperMoney Rating Strongly recommended
Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee N/A
APY 0.25%

Overview

Where does Charles Schwab Bank Checking Account do business?

Charles Schwab Bank Checking Account is based in San Francisco, CA. It was founded in 1971 and offers checking accounts services in 50 states (and Washington, DC).

Charles Schwab Bank Checking Account is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC insures deposits in checking accounts, savings accounts, certificates of deposit (CDs), and money market accounts up to $250,000 per depositor if a member institution fails.

What APY does Charles Schwab offer?

Charles Schwab Bank Checking Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) .25% - .25%

Charles Schwab Bank Checking Account offers an APY of .25% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Charles Schwab Bank Checking Account?

Charles Schwab Bank Checking Account does not have a minimum initial deposit to open an account.
Charles Schwab Bank Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $1000

What features and perks does Charles Schwab Bank Checking Account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay bills easily from your account.
  • Mobile Banking - Charles Schwab Bank Checking Account allows you to manage your money on the go without ever having to step in a brick-and-mortar bank. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What fees does Charles Schwab Bank Checking Account charge?

The good news is that this account does not charge a monthly maintenance fee.

Charles Schwab Bank Checking Account Fees
Fees Amount
Non-Sufficient Funds $25
Overdraft Item Fee $25
Returned Deposit Fee (International) $5
Outgoing Domestic Bank Transfer Fee $25
Outgoing International Bank Transfer Fee $25

What features and perks does Charles Schwab Bank Checking Account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks. Typically there is a limit to how much you can claim for these costs, so check the fine print if you plan to make multiple withdrawals within one month.
  • Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay bills easily from your account.
  • Mobile Banking - Charles Schwab Bank Checking Account allows you to manage your money on the go without ever having to step in a brick-and-mortar bank. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. 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
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Reviews

 
 

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