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Reviewed by Jordan Humphreys

Jan 15th 2009

 

(5 out of 5 stars)

Amazing service, no fees, high interest yeild

I'm a college student that was interested in establishing a Charles Schwab combination brokerage/checking account called "Schwab One with Investor Checking." The process required me to fill out a simple online form with no setup fees and no minimum balance. Account setup was fast and painless. The service is unparalleled. They offer knowledgeable 24 hour support for both the checking and brokerage accounts with little or no wait time. Every time I have called their representatives are friendly and professional.

The only complexity that I encountered was making deposits. They only have one bank branch and it is in Nevada, not very convenient since I live in the southeast. I recommend having another bank account with a larger deposit base so you can easily transfer funds directly online from one bank to the other. Other than depositing issues, the bank is top notch.

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