Schwab Bank Investor Checking Reviews

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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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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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.

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Used the Investor Checking debit card overseas to withdraw cash without fees and got refunds when charged.

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Schwab confirmed an unexpectedly high fee charged by a private ATM and said it refunds such fees.

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Turned off overdraft protection between Schwab checking and brokerage by calling Schwab Bank customer service, finding it very quick and easy.

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Keeps Schwab checking for its international debit card with unlimited ATM rebates, though now prefers Fidelity's equivalent and higher yields.

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Has used Schwab checking as their main account for 15 years and calls its Bill Pay amazing, with predictable arrival dates for checks.

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Redeeming SNSXX money market shares in the linked brokerage settles the next business day and transfers cleanly into checking to cover monthly bills.

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Withdrew a tiny amount abroad with the debit card and had the ATM fee reimbursed.

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Separate from the brokerage account and makes moving funds in and out via wire transfer very convenient.

Summary of a Reddit post

Functions as a true bank checking account with fewer deposit holds and smoother frequent money movement than a Fidelity Cash Management Account.

Summary of a Reddit post

Uses Schwab for checking because it is free and reimburses ATM fees worldwide.

Summary of a Reddit post

Added checking to an existing brokerage by emailing a PDF form; it was enabled the next day, with the debit card in about four days.