There are fantastic features of schwab that make it the best banking experience I've ever had. I have my checking/savings/brokerage/IRA/401k ALL through schwab, and I never pay fees for ATMs, transfers, deposits, checks, ETF trades, or annuals. There are no minimum balances, and you can start with only a brokerage/checking account. In addition to the great features, I get immensely great service through the charles schwab mobile app for iPad and iPhone where I can not only check on my accounts, but take pictures of checks for deposit (into any account I have) and do research for stocks, funds, and ETFs. Plus, if I call with a question, or visit my branch with an appointment, I get helpful advice from certified financial planners that are intelligent, well mannered, and WANT to build a relationship with you to foster your growth. Heck, I even get a quarterly magazine with great investment advice that I can also view on my iPad. This review may sound like I'm financially savvy, but I started using a simple schwab checking account while I was still in college, and as my career and wealth begins to grow, Schwab has helped me along the way for over 6 years.
Stay Away! Horrible! You will be sorry if you bank Here! Just get ready to waste the most precious thing on this earth if you bank with Charles Schwab! TIme! Problems with Debit/CreditCard, Slow Updates, Customer Service cant do shit for you.Name it they can fuck it up.The Experience is just a plain Nightmare period!
I recently opened a Schwab Bank account because CNN called them one of the "least" evil banks today. I was using them just fine for over a year with no issues or complaints at all. They assured me when I signed up that even though there are no "local" branches near me in Minnesota I could call into the 24 hour phone line and request temporary ATM limits to access my money if necessary and so forth, so I went ahead and did it.
Yesterday afternoon I called in to get a temporary 24 hour ATM card limit increase because I need to take some cash out for a international trip I have coming up. They hung up on me while I was on hold to confirm the limit has been raised for 24 hours. When I went to use the ATM it didn't work, so I called in to find out Instead of raising the limit they blocked all of my 3 ATM cards from being able to pull out any money and no one on the phone there knows how to lift the block. It's now been over 24 hours and not only have they not increased the ATM limit on my card for me, they blocked all my ATM cards from withdrawing any money.
I've talked to customer service reps, managers, supervisors and now the "Client Advocacy Team" but still nothing, no one knows why my ATM cards are blocked, no explanations as to why its happening and no date if ever that they will be unblocked. Only way to get my money now is to close my accounts and hope they issue a check for the balance because they refuse to call me back or explain why they've locked my ATM cards, and I'm not willing to "FLY" to the nearest branch just to withdraw my money.
Think twice before putting your money in the hands of Schwab, at any moment they may lock your account, say no one knows anything, and leave you high and dry for an "unknown" amount of time. Today is Friday so I'll have to cancel my upcoming trip on Sunday because the department that put the block on my account that apparently no one can get a hold of is closed on the weekend.