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Charles Schwab Bank provides checking, savings, cash market and CD accounts, home mortgages, and debit cards. Headquartered in Reno, Nevada, Schwab Bank is a subsidiary of the Charles Schwab Corporation.

Based on MyBankTracker’s Bank Report Card, Charles Schwab Bank ratings 4 stars out of 5 general, ranking high in good bank financial wellness, bank charges, remote deposit access, and mobile bank services.

The bank gets 3 from 5 marks usually from customers. Users regularly rave about very little costs and great customer support. KathH writes:

I am in the process of relocating many of my banking task from Bank of America to Schwab. The fees are affordable and avoidable. They don’t care that I don’t have a bunch of money, they do not charge for sending out cash to the BOA Account. BOA charges for moving money to Schwab. The entire experience has been painless. Schwab informed me what they were visiting do and they did it. Remarkable!

Other examines report a great deal of trouble and time squandered. DJinLA composes:

Charles Schwab was appealing due to the fact that they just recently started offering the option of transferring checks through an iPhone app. In 3 separate telephone call with a Charles Schwab representative, I restated that opening an account was contingent on this attribute. After installing their iPhone app, I was shocked to learn not only that I wasn’t accepted for the deposit feature, however that this function was only offered to account holders that meet specific standards. A few days later I got a letter mentioning that I’d been denied based upon my credit rating. If you’ve average credit like me and many others nowadays, do yourself a favor and open an account somewhere else.

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