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.
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.
#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 Investor Checking™
Schwab Bank Investor Checking™
Narrator: Schwab Bank Investor Checking™—the checking account built for investors.
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: Named highest in client satisfaction by J.D. Power for six years in a row…
With Investor Checking, you get the award-winning features of our checking account, plus cash management solutions, all designed for investors like you.
On-screen text: Disclosure: Schwab Bank’s Investor Checking™ account has no account maintenance or activity fees. Fees may be assessed for additional services such as custom check orders, outgoing wires, or rush delivery. Review Schwab Bank’s full Deposit Account Pricing Guide or contract Schwab Bank at 888-403-9000. Schwab Bank reserves the right to amend these terms at any time.
Narrator: With Unlimited ATM fee rebates worldwide…
Unlimited ATM fee rebates for cash withdrawals worldwide…
No overdraft fees…
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: and enhanced security features to keep your money safe.
On-screen text: Disclosure: The Schwab Bank Investor Checking account is available only as a linked account with 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.
Narrator: Also, because your Investor Checking account is linked to your Schwab One® brokerage account…
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: you can manage your checking and investing in one convenient location.
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: Moving funds between your accounts is easy. Cash moved to your brokerage account is available in seconds.
That means you can stop waiting and start investing in stocks, bonds, money market funds, and more.
Get more with Schwab Bank Investor Checking—the checking account built for investors.
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.
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.
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:
- 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.
- 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.