01-24-2017 11:03 PM - edited 01-24-2017 11:04 PM
I am interested in switching my checking over from BoA to Fidelity or Charles Schwab. I don't have investments with either, but both accounts look very attractive.
I want no ATM fees, and I heard that Charles Schwab doesn't charge foreign transaction fees either. Can anyone confirm this?
Does the CS give you a debit card? I don't see the picture of it on their site.
If anyone has experience with either or both, please write about it.
01-25-2017 05:03 AM - edited 01-25-2017 05:05 AM
I use Charles Schwab as my main account. ATM fees are reimbursed once a month and yes there are no foreign transaction fees.
This is what the debit card looks like.
01-25-2017 08:17 AM
It looks like they do an HP to open a checking account. Do you know if they require anything specific? I have a relatively short credit history and would like to use them just for checking purposes.
02-10-2017 11:38 PM
02-11-2017 11:17 AM
I use both. I originally wanted to compare the two, but as they both have their advantages, I have found no reason to choose one over the other. The accounts are equal in that you can order free checks, use free billpay tools, free Visa debit cards, and both provide access to brokerage services and research tools.
There are also instances where one account has an advantage over the other.
Fidelity advantages over Schwab:
Schwab advantages over Fidelity:
As I mentioned earlier, I like both, so I am perfectly fine with having multiple types of accounts.
02-11-2017 06:10 PM - edited 02-12-2017 09:04 AM
Just opened a checking account (and required investor account) at Schwab; waiting to see if there's an HP or not as I noticed in their default application they had "margin account" checked and that absolutely is a HP with everyone. I unchecked it as all I want is access to their fantastic debit card for when I need cash overseas.
Wanted to thank everyone for the information about both of these, greatly appreciated!
Edit; yup, HP on Equifax, guess I should've just picked up the margin account now even if I don't expect to ever use it haha.