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Charles Schwab Bank vs Capital One

Charles Schwab Bank is a popular brokerage with a free checking account that refunds ATM fees. How does it compare to Capital One? Read our comparison chart below.

Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursements worldwide and no foreign transaction fees. No minimum to open and no service fee. It is tied to a brokerage account but you don't have to use it.

While Capital One offers competitive rates on their savings account. Their interest checking has several overdraft options in cases of accidental overdraw. There are no minimum deposits or service fees.

Compare Charles Schwab Bank with Capital One, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 Charles Schwab BankCapital One
 Learn MoreLearn More
 

Charles Schwab Bank

Capital One

SPECIAL OFFER
High Yield Investor Checking – Unlimited ATM Rebates - Learn More

Read Charles Schwab Bank Review

SPECIAL OFFER
Capital One MMA - Learn More

Read Capital One Review

 

Benefits and Features

Savings
0.50% APY
1% APY. No monthly service fee and no minimum deposit.
CDOffers brokered CDs from other banks. Terms range from 1 month to 20 years. Minimum deposit of $1,000.0.60% to 3.10% APY. Terms of 6 months to 5 years. 12-month CD APY of 2.70%. No deposit to open.
Checking0.40% APY, $0.01 account minimum0.20% APY under $50,000; 0.75% APY $50,000 or more; 1.00% APY $100,000 or more. No monthly service fee and no minimum deposit. Overdraft options prevent you from being charged when you accidentally overdraw
Money Market 0.85% APY up to $9,999.99; 2.00% APY $10,000 or more. No monthly service fee and no minimum deposit.
Customer Service24/7 Live Customer Service (Telephone and Chat)
Mon-Sun 8am - 11pm (ET)
ATMsUnlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.Over 39,000 no-fee Capital One & Allpoint ATMs
Locations345 branches across the country. You may also open an account online.
Online Only
 

CreditDonkey® Reviews

 Charles Schwab BankCapital One
Savings
Checking
Customer Service
Mobile App
Money Market
Pros & ConsPros:
  • No account minimum
  • No service fees
  • Refund all ATM fees
Cons:
  • Only checking or savings
  • Must do banking online
Pros:
  • Overdraft protection options
  • No account minimums
  • 27 Capital One cafes for in-person support
Cons:
  • Lower savings APY compared to other online banks
Bottom LinePopular brokerage with a free checking account that refunds ATM fees... Read full reviewGood online bank with access to in-person support... Read full review

High Yield Investor Checking – Unlimited ATM Rebates

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Charles Schwab Bank: Pricing information from published website as of 3/15/2019.

Capital One: Pricing information from published website as of 3/15/2019

Which is Better: Charles Schwab Bank or Capital One?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab Bank or HSBC Bank.


Articles on Charles Schwab Bank

    Charles Schwab Bank Review

    Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

Articles on Capital One


Which Do You Think is Best?


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