FDIC-Insured - Backed by the full faith and credit of the U.S. Government.
Charles Schwab Bank
Streamlined banking and investing. All in one place.
Open a checking or savings account with no monthly fees, unlimited ATM fee rebates, and FDIC insurance.
Banking designed for you
Why choose Schwab Bank?
No monthly fees
Unlimited ATM fee rebates
FDIC insured up to $250,000
Open an account in minutes
#1 in Customer Satisfaction for Direct Bank Checking (7 years) and Savings (2025).
Here are answers to common questions about Schwab Bank:
Under the Schwab Security Guarantee, we'll cover losses in any of your Schwab accounts due to unauthorized activity.
No. Our checking and savings accounts have no monthly service fees, no minimum balance fees, and no foreign transaction fees. See our pricing guide.
Open online in about 10 minutes. Choose your account, complete the application, and fund it. Get started or call 800-435-4000.
Checking, high‑yield savings, CDs, money market accounts, home loans, and a Pledged Asset Line.
Yes, Charles Schwab Bank, SSB is a member FDIC. Deposits are insured up to $250,000 per depositor.
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