Schwab Bank Investor Checking Reviews

Summary of a Reddit post

Works well as a main checking account for buying money market fund shares, but transfers from one outside bank take five days every time, versus two days at others.

Summary of a Reddit post

Fifteen years in Thailand with great ATM fee reimbursements, though the account has been frozen at random and replacing an expired card abroad is a hassle since foreign addresses and phone numbers aren't allowed.

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.

Summary of a Reddit post

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.

Summary of a Reddit post

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.

Summary of a Reddit post

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

Summary of a Reddit post

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.

Summary of a Reddit post

Wires from Schwab checking cost nothing, though the same wire from their brokerage account errored with an IRS-regulation message.

Summary of a Reddit post

Chose Schwab because they needed a bank as well as a brokerage; loves it but wishes they had picked Fidelity for HSA and feature breadth.