Schwab Bank Investor Checking Reviews

Summary of a Reddit post

Sharing the brokerage interface makes banking tools slightly less intuitive to find, but unlimited casino and travel ATM fee rebates easily make up for it.

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Calls Investor Checking one of the best checking accounts available and says Schwab's customer service can't be beaten.

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Uses both the brokerage and Investor Checking debit cards for ATMs, preferring the checking card though its transactions take a day or two to show.

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Likes Schwab for banking, citing ATM fee reimbursements, no foreign exchange fee on the card and great customer service.

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Mobile check deposit and transfers between investing and checking work well, but cash can't be deposited at ATMs or branches, so a separate regular bank handles paychecks, cash and Zelle.

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Five years as the primary bank, with early doubts about the interface fading since it holds money without fees and offers basic Zelle and ATM access.

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Fee-free ATM withdrawals anywhere are great, though built-in spending categorization is more limited than traditional big-bank portals.

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Works great with some of the best customer service they have experienced, plus ATM fee reimbursement when pulling cash in Europe each year; a second bank with branches handles cash deposits.

Summary of a Reddit post

Opened after moving abroad and works well: easy transfers to their Schwab brokerage and IRA, no ATM fees or minimum balance requirement, and a simple account for holding USD.

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Had the default checking switched to a Schwab Bank checking for higher ATM limits and disabled overdraft protection so a compromised checking account could not reach the brokerage.

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A few months in, it's easily one of the best checking accounts available.

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Used as their primary checking account, with a good local credit union account kept as a rarely used backup.

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Schwab has been their only bank for years, with separate debit cards for each spouse on the same account, and cash withdrawals on Las Vegas casino trips go through with zero issue.

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Works without a hitch for pulling cash overseas and reimburses ATM fees.

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Uses Schwab and Fidelity mainly for their debit cards, which reimburse ATM fees at most machines.

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Opening a joint checking account took multiple days and resubmissions after being told no checking application had been filed, leaving them unsure the ATM reimbursement is worth it.

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After false-fraud declines, ATM withdrawals against the brokerage overdraft failed with a technical error, and the phone rep could only say it sometimes won't work on weekends.

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Calls the debit card great for cash abroad since Schwab refunds ATM fees at month end.

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Found Schwab chat very helpful and the debit card excellent for international use, transferring from the brokerage with no issue.

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Received a domestic wire into Schwab Bank checking, finding the instructions easy, the transfer fast and no Schwab fees.