When you apply for a high yield investor checking account with Charles Schwab Bank, you’ll get a Schwab Bank Visa® Platinum Debit Card that’s fee-free. Your account is FDIC insured up to $250,000.
Your Charles Schwab Visa debit card offers fee rebates for unlimited ATM withdrawals and foreign transaction fees. Every month your account will be rebated any ATM fees you incurred.
Along with no ATM fees, your Schwab debit card comes with some valuable Visa benefits that you might normally find on a credit card, such as Travel Accident Insurance, Warranty Protection, Price Protection, and more.
When you open a Schwab checking account, you’ll also be opening a Schwab One® brokerage account at the same time. You’ll get separate account numbers and you can transfer funds between accounts for free. You won’t be required to pay a monthly fee or maintain a minimum balance for your brokerage account.
The Schwab Visa debit card has no annual fee and no minimum balance is required. You’ll get a .40% APY on your Schwab account balance.