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MyBankTracker rated Charles Schwab Bank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.


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Charles Schwab Bank Customer Review

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drpgleeson's Profile Image

1 out of 5 marks

Reviewed by drpgleeson

Oct 5th 2012

Deceitful, Indifferent, Bad Bank

Having had a schwab brokerage account for over 30 years, i thought that borrowing from schwab bank for the construction of our new house would be an exercise in

Is this review helpful? ▲ Yes 2 ▼ No 1

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mbtietest33's Profile Image

Reviewed by mbtietest33

Mar 4th 2015

2 out of 5 marks

bad experience

bad customer service on the phone

Is this review helpful? ▲ Yes 1 ▼ No 0

skipper29's Profile Image

Reviewed by skipper29

Oct 8th 2014

1 out of 5 marks

Used to be Good, Not anymore

I had a brokerage account and a high yield checking account. I was using my ATM/Checking far too often (online shopping, traveling, etc---FYI: I never over drafted or bounced a check). But I decided to open a new checking account with them to better manage my finances for the holidays and the new year and close the current one. Guess what?

I was denied a new checking account due to something they perceived negative on my credit report. Not only was I denied a new checking account but they ended up closing my current one at random. I find it interesting that they kept the brokerage account alive and well. Point being, if you have good credit this bank may not be for you. I think they require excellent or near perfect credit. (yes, they do pull a hard inquiry on your credit when you attempt to open an account).

Is this review helpful? ▲ Yes 1 ▼ No 0

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