Charles Schwab Bank High Yield Investor Checking® Account

You can apply online, via the link available under the "APPLY NOW" button on this page. You'll need to prepare your:

• U.S. permanent resident address,
• Social Security Number or Tax Identification Number,
• Employer’s name and mailing address (if applicable).

You can also complete this form to send a paper application to Schwab Bank.

If you need any help, you can always contact Schwab Bank's customer support at 800-540-6718.

The Schwab Bank High Yield Investor Checking account is available only as a linked account with a Schwab One® brokerage account. This means that, in order to open a Schwab Bank High Yield Investor Checking, you'd also need to open a Schwab One brokerage account. The latter has no minimum balance requirements, minimum trade requirements or monthly fees. If you open it jointly with a Schwab Checking, you don't even need to fund it.

You don't need to already have a Schwab One brokerage account, as you'll be opening one at the same time when you open a High Yield Investor Checking.

A brokerage account is an arrangement between you and a licensed brokerage firm. When you open a brokerage account, you can deposit funds, and place investment orders, while the brokerage firm places trades on your behalf. You can invest in stocks, mutual funds, bonds, exchange-traded funds (ETF), and more.

When you open a Schwab One brokerage account, you'll enjoy the benefits of Charles Schwab's dedicated team of experts, well-known trading platforms, trading education resources, and other services. Plus, you won't pay any commissions on online stock, and ETF trades.

Basically, the Schwab Security Guarantee means you won't pay for any unauthorized charges or withdrawals from your Schwab High Yield Investor Checking. In case of unauthorized activity, Schwab Bank will cover 100% of your losses.

However, you're still very responsible for ensuring your account information is stored safely (i.e. don't disclose it). You need to inform Schwab Bank of any suspicious activity you notice by reporting it to Schwab Bank at 888-403-9000.

You can make a deposit in several ways. You can:

• Use Schwab Mobile Deposit™ to take a picture of a check once your checking account has been opened.
• Transfer funds to your checking account online from your linked Schwab One^® brokerage account or from a bank account you have with another financial institution.
• Set up direct deposit.
• Mail a check to Schwab Bank (you should receive a free postage-paid envelope).
• Request a wire transfer to your account from another bank or financial institution.

When you open a Schwab Bank High Yield Investor Checking Account, you'll receive a free Visa Platinum Debit Card that comes with a range of services and benefits, including:

• Warranty Manager Service,
• Purchase Security,
• Price Protection,
• Travel Accident Insurance,
• Travel and Emergency Assistance Services.

In addition to all of these Visa protection and security features, there's also the Schwab Security Guarantee, so you can really have a piece of mind, and use your Schwab Visa Platinum debit card anywhere in the world, knowing you're protected against fraud or identity theft. This is not to say you should be irresponsible with money or take things for granted! You need to be cautious when using your debit card, whether it be at an ATM or online. Also, keep your card number strictly confidential, and don't access your bank account via public network. Educate yourself on financial frauds, so you don't become a victim of such scams.

Unlimited ATM fee rebates apply only to ATM cash withdrawals you make using your Schwab Bank Visa Platinum Debit Card. Any merchant fees, POS transactions, non-local ATM currency withdrawal fees, balance inquiries or stamp purchases fees are excluded.

Schwab Bank will refund you ATM cash withdrawal fees at the end of the same month you used your Schwab Bank Visa Platinum to withdraw cash. In case you haven't receive a rebate for an eligible fee, contact Schwab Bank's Client Service at 888‐403‐9000.

Yes, you can access your High Yield Investor Checking online at Schwab.com, from where you'll be able to:

• view account history,
• view and print check images,
• transfer funds between your accounts,
• transfer funds to other people,
• use online Schwab Bank Bill Pay, and more!

You can use the Schwab Mobile app to:

• Monitor and manage your brokerage, Schwab Bank, 401(k) or other Charles Schwab accounts.
• Trade stock, mutual funds, EFT, and options.
• Make check deposits using Schwab Mobile Deposit.
• Pay bills.
• Manage your Schwab Bank Visa Platinum Debit Card.
• Follow trading news, and learn using resources available in Media Center.
• Open new brokerage and Schwab Bank accounts, and more!

Mobile wallets, also known as digital wallets, are, in simple terms, an electronic version of physical wallets. Mobile wallets allow you to add your card information to your mobile device, usually via an app, so you can use your device to pay for your purchases, without having to reach out for your bank card, cash or checks.

Since mobile wallets use unique digital account numbers or tokens to complete purchases, your card information is never shared with merchants. Even if a token is stolen, it can't be used to access your bank account or card.

You can download digital wallets for your device:

• App Store,
• Google Pay,
• Samsung Pay.