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I'm a happy Schwab customer. Their app isn't what you would call simple, but you can do almost all your investing and banking there (I say almost because I own
by cko 6y ago
I'm a happy Schwab customer. Their app isn't what you would call simple, but you can do almost all your investing and banking there (I say almost because I own some physical assets) and they refund ATM withdrawal fees.
- funkaster 6y agoI'm also moving to Schwab mostly because my previous and current employer have stocks linked to that platform. TBH seems good enough for my use case (long term investing, mostly ETF)
- ende 6y agoYou’re lucky! Schwab is fantastic, and I use it for all my personal banking and brokerage, but most employer 401ks have been through fidelity and others.
- vinay427 6y ago> they refund ATM withdrawal fees Most importantly, they do this (as well as priority mailing replacement cards) globally. I have yet to find another bank besides possibly Fidelity's checking account (?) that does this with no stated limit. It's invaluable for those who travel abroad to have access to local currencies with no hassles and a refund of all fees.
- alexhutcheson 6y agoI managed to get my Schwab debit card eaten by ATMs twice in one trip once, and Schwab was able to quickly Fedex replacement cards to addresses I provided in Thailand and Hong Kong. It stopped my trip from turning into a big headache - I was really impressed.
- wyclif 6y agoThis is the huge advantage of Schwab over other options I've explored, especially if you are a US citizen but work abroad as a digital nomad. I like CapitalOne, too, but they could not FedEx a replacement card to me when my card got eaten because of what they claimed was a security issue. Schwab could! Also, Schwab's customer service is top notch.
- cko 6y agoIn my case I lost my ATM card in mid sized city in Romania and they UPS or FedExed it over really quickly. Plus the foreign ATM fee refunds and no foreign transaction fees. It's amazing.
- brobinson 6y agoThey even refund international ATM fees which is awesome. If you're an investor, their margin rates are usurious, though.
- cko 6y agoI think if you want favorable margin rates I'd still use Schwab for banking and M1 finance or IB for the stocks. M1 lets you use borrowed funds for whatever, at like 2% interest.
- brobinson 6y agoYeah, I use IB so I'm sub-1% now. IB also lets you simply withdraw more cash than you have in your account so you can use it for whatever.
- gcblkjaidfj 6y agomost bank do that, specially after you are over an amount in account. The banks that do that, usually also have the worse investing options (e.g. Schwab, HSBC...)
- therealrootuser 6y ago> most bank do that No, actually that is pretty rare. Getting unlimited domestic and international ATM fees reimbursed is not the norm. > specially after you are over an amount in account But that's just the point you're missing. Schwab does it at $0, not $1,000,000. > Usually also have the worse investing options Eh? Are we talking about the same company here? Schwab has an enormous array of investing options, given that their main business is that of a brokerage. > HSBC Also eh? When did HSBC become remotely competitive in the brokerage space? (And isn't HSBC winding down their US operations?)