5 ms·
Not the OP, but I have a bank account at Schwab[1], and they refund all ATM fees that other banks charge. [1] http://www.schwab.com/ http://www.schwab.com/
by 286c8cb04bda 15y ago
Not the OP, but I have a bank account at Schwab[1], and they refund all ATM fees that other banks charge.
[1] http://www.schwab.com/ http://www.schwab.com/
- deltaqueue 15y agoThis is correct for their high-yield investor checking account (don't let the name fool you, the interest is a fraction of a percent). This account requires a credit check and a linked brokerage account; although, I don't think that brokerage requires a minimum balance. While I hold options, my cash balance is ~$3. Anecdote: I have been with Schwab for years and love their offering. One weekend in Vegas I accumulated something like $150 in ATM fees and they refunded every penny of it. Like Alex said, this was only possible through previous trade commissions/fees they've generated from me.
- mrgordon 15y agoIt's only possible from trade commissions/fees they've generated in general, but not specifically from you. Some people definitely come out ahead. And yeah, you have to open a brokerage account but you can leave it with $0 and no positions forever. That said, Schwab has some pretty killer deals on ETFs on the brokerage side..
- nocredit12 15y agoi guarantee you they dont run a credit check - i have horrible credit and was able to get one.
- mrgordon 15y agoSchwab rocks! Fidelity also has a similar account although it is a joint checking/brokerage account and the interface is tailored towards the brokerage side. Glad to see more competition in this space. Give me something even better than Schwab :)