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Charles Schwab Bank

Streamlined banking and investing. All in one place.

Schwab bank is the best kept secret… Every day I hear "I didn't know you all had a bank"…

"Thank you! This is great… let's move it over… I can't stand where I bank now… tell me more."

It's a bank specially designed for investors.

Chuck actually asked the question: "Why can't we and why don't we build a bank for investors?"

We're a brokerage firm first that has a bank. Not a bank that has a brokerage firm. So we look at it through that lens.

We have a checking account that is tightly linked with a brokerage account.

When you log on to view your investment accounts, you will also see your bank accounts.

Not only is it about seeing it in one place, but also being able to act quickly and decisively when needed…

And that is the ease of doing business with Charles Schwab bank. We have our checking account… our savings account…

The money that you have in your checking account is yours and isn't going to be whittled away with "gotcha fees."

If you need cash…

Any time you use an ATM, Charles Schwab will refund the ATM fee.

Any ATM in the world. That's what's wild. You know how much Vegas ATMs are… it's credited back to your account.

One of the biggest solutions that we offer is lending capabilities.

With our pledged asset line, it is truly a non-purpose line of credit. It's collateralized against your investments.

We partner with Rocket Mortgage.

They dedicated a specialty team just to our Schwab clients.

Delivering that white glove service from start to finish.

Our goal is to make it seamless and easy.

This can't be true. This is too good to be true.

Banking capability and investing capability all in one place.

All in one place.

Because we're here at the end of the day to support you – the client.
Video Transcript

See why Schwab Bank is unique

Schwab bank is the best kept secret… Every day I hear "I didn't know you all had a bank"…

"Thank you! This is great… let's move it over… I can't stand where I bank now… tell me more."

It's a bank specially designed for investors.

Chuck actually asked the question: "Why can't we and why don't we build a bank for investors?"

We're a brokerage firm first that has a bank. Not a bank that has a brokerage firm. So we look at it through that lens.

We have a checking account that is tightly linked with a brokerage account.

When you log on to view your investment accounts, you will also see your bank accounts.

Not only is it about seeing it in one place, but also being able to act quickly and decisively when needed…

And that is the ease of doing business with Charles Schwab bank. We have our checking account… our savings account…

The money that you have in your checking account is yours and isn't going to be whittled away with "gotcha fees."

If you need cash…

Any time you use an ATM, Charles Schwab will refund the ATM fee.

Any ATM in the world. That's what's wild. You know how much Vegas ATMs are… it's credited back to your account.

One of the biggest solutions that we offer is lending capabilities.

With our pledged asset line, it is truly a non-purpose line of credit. It's collateralized against your investments.

We partner with Rocket Mortgage.

They dedicated a specialty team just to our Schwab clients.

Delivering that white glove service from start to finish.

Our goal is to make it seamless and easy.

This can't be true. This is too good to be true.

Banking capability and investing capability all in one place.

All in one place.

Because we're here at the end of the day to support you – the client.

The bank built for investors.

By offering streamlined banking that works seamlessly with your investing, Schwab Bank has more ways to help you manage your money and work toward your goals. Explore banking and lending products from Schwab Bank, designed and built for investors like you.

Enjoy convenient checking plus rewarding debit and credit cards.

Schwab Bank Investor Checking™1

Make fast and easy cash transfers, plus unlimited ATM fee rebates and no foreign, transaction, account maintenance, or activity fees.2

Schwab Bank Home Lending Solutions

Discover exclusive discounts and competitive rates for a wide range of loan options provided by Rocket Mortgage®.3

Schwab Bank Pledged Asset Line®

Borrow against non-retirement portfolio assets without liquidating your investments. Exclusive rates may be available.4

"There's a lot for investors to love about Schwab Bank."

– Charles Schwab

Read Chuck's letter to investors

Named Most Trusted Financial Companies Bank

Schwab Bank is the 2024 #1 Overall Most Trusted Financial Company according to Investor's Business Daily.

The IBD Most Trusted Bank accolade/recognition was published online by IBD on September 20, 2024, and is licensed for a 15-month timeframe. The criteria, evaluation, and ranking were determined by Investor's Business Daily in conjunction with its research partner, TechnoMetrica Market Intelligence, and were based on consumer surveys conducted May-July 2024. Schwab paid a licensing fee to York Graphic Services, LLC. for uses of the award and logos through January 4, 2026.

Investor's Business Daily MarketWatch Most Trusted Financial Companies 2024 #1 Overall

Schwab Bank Investor Checking

#1 in Customer Satisfaction for Direct Bank Checking Accounts 6 Years 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.

We're invested in the communities we serve.

We're passionate about giving back to our communities. That's why Schwab Bank leads development efforts and activities that help serve the banking and credit needs of our entire community, including low- and moderate-income neighborhoods and individuals. Please visit the Citizenship page at aboutschwab.com to learn more about us.

The Home Mortgage Disclosure Act

The Home Mortgage Disclosure Act (HMDA) data about our residential mortgage lending is available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. This data, as well as HMDA data for many other financial institutions, is available on the Consumer Financial Protection Bureau's website.

CRA regulations

Additionally, the Community Reinvestment Act (CRA) regulations require that information on business, farm, and community development lending by insured depository institutions that meet certain asset thresholds, determined annually, be made available to the public. To inquire about our CRA public file, please e-mail us at CRA Document Request.

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