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.
I decided to write a review to counter the poor scores written on this site. Most people are inclined to write a bad review than a positive one anyway. My experience with this bank has been top notch. They detected fraud and contacted me, they reimburse ATM fees that I was charged by OTHER institutions. Customer service is local also. Not sure how these other dunces of reviewers could mess up something as simple banking. You put money in, and you take it out when needed. Adding and subtracting. Not rocket science. Cannot figure that out? Maybe you should not have a bank account. Did I mentioned that this bank offers FREE checking with no requirements? Or that the checking account is subject to APY? That is something not even your oh so spectacular credit union might do!
Charles Schwab allowed the fraudulent reporting of a illegal account to leave a single mother of five with a debt from the IRS totalling to date 2.8 million dollars. Despite receiving a Court Order to transfer and reproduce paperwork to correct the illegal reporting and transfer the account to the felon known by them, and despite acknowledging that all signatures on the account documentation were forged, Schwab still refuses to comply in an ethical and moral manner. Schwab has been in receipt of the documents to prove my innocence since 2001 yet they concealed account documentation until 2013.