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Charles Schwab Promotions

Read our in-depth review of Charles Schwab to see why Charles Schwab scored 4.2 stars out of 5. We like their vast selection of commission-free etfs and mutual funds, 2 platforms (one for beginners and one for advanced traders), and 24/7 customer service including online chat.

    500 Commission-Free Online and Options Trades

    Offer is available for new and existing Schwab clients. Clients must make a qualifying net deposit of $100,000 into their Charles Schwab & Co. retail brokerage account within 45 days of enrollment in the offer. This offer is limited to one account per client. Trades will expire 730 days after credited to account.

    $100

    Get $100 as a Sign Up Bonus

    This offer is valid only to clients who do not have an existing Charles Schwab account. Open a new account and deposit a minimum of $1,000 to earn $100 bonus.

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Charles Schwab Offers You May Have Missed

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    Free 2 Ski Lift Tickets

    Make a qualifying net deposit of $100,000 into taxable retail Charles Schwab & Co., Inc. brokerage account to get two lift ticket vouchers redeemable at any participating ski resort. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit amount must be maintained in Schwab account for at least one year. This offer is limited to one per client.

    Expired 3/31/2019

    Free 2 Ski Lift Tickets and $300 North Face Gift Card

    Make a qualifying net deposit of $250,000 into Charles Schwab & Co., Inc. brokerage account to get two lift ticket vouchers redeemable at any participating ski resort and $300 North Face gift card. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit must be maintained in Schwab acount for at least one year. This offer is limited to one per client.

    Expired 3/31/2019

    Free 4 Ski Lift Tickets and $300 North Face Gift Card

    Make a qualifying net deposit of $500,000 into Charles Schwab & Co., Inc brokerage account to get four lift ticket vouchers redeemable at any participating ski resort and $300 North Face gift card. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit must be maintained in Schwab account for at least one year. This offer is limited to one per client.

    Expired 3/31/2019

What Charles Schwab Offers

Charles Schwab offers a full range of banking and investment products.

Deposit Products:
Charles Schwab only offers a checking and savings account for their banking products. Both have no minimum balance requirements, and no fee to open or maintain. Both offer a higher APY than other large national banks.

  • High Yield Investor Checking: This checking account is linked with the Schwab One brokerage account. You must also open the brokerage account, though you don't have to use it. All ATM fees worldwide are refunded at the end of each month. There is no foreign transaction fee.

  • High Yield Investor Savings: The savings account earns a higher APY than the checking account.

Investment Accounts:
All trade accounts have no opening or maintenance fees.

  • Brokerage Accounts: Trade from $4.95 per trade. Trade in stocks, options, mutual funds, ETFs, futures, bonds, fixed income, and more.

  • Retirement Accounts: You can open a Traditional IRA, Roth IRA, or Rollover IRA.

  • Schwab Intelligent Portfolios: Want to invest hands off? Schwab Intelligent Portfolios is a robo-advisor with completely free management. Minimum to invest is $5,000.

  • Trust, Estate, and Charitable accounts

  • 529 College Savings Plan and Education Savings Plan

  • Custodial Account

Opening a New Schwab Account

To open a new brokerage account, you will need:

  • Your Social Security Number
  • Driver's license number
  • Employer information (if applicable)
  • Statement information for assets or cash you may want to transfer.

How much are trades on Charles Schwab?
Trades start at $4.95 per trade. Commissions and fees are as follows:

  • Stocks & ETFs: $4.95
  • Options: $4.95 + $0.65 per contract
  • Mutual Funds: $0 for Schwab Funds and thousand of other funds through Schwab Mutual Fund OneSource; $49.95 per purchase for all other funds
  • Futures: $1.50 per contract

Is Charles Schwab a good brokerage? Charles Schwab is one of the oldest names in the world of investing. With low fees, a wide product offering, no account maintenance fees, and 24/7 specialized support, it's a great brokerage for both experienced investors and newbies.

Did you know: The Schwab One Brokerage Account is Charles Schwab's most popular investment account. Features include:

  • No fee to open or maintain the account.
  • Trades starting at $4.95 per trade.
  • 24/7 customer service by phone, or in-person at more than 300 branches.
  • Add the Schwab Trading Services account option at no extra cost, and get customizable trading platforms, education resources, and 24/7 support from dedicated trading specialists. No trade minimum required.

Charles Schwab Deals to Watch Out For

  • Golf promotion: During the summer months, Charles Schwab offers rounds of golf when you deposit a qualifying amount into a Schwab taxable brokerage account. A list of participating courses can be found here

  • Ski promotion: During ski season (typically October through March), Charles Schwab offers ski lift vouchers when you deposit a qualifying amount into a Schwab taxable brokerage account. These vouchers are available at any participating ski resort.

Pricing information from published websites as of 07/20/2019.

 

Charles Schwab

Fidelity

 

Benefits and Features

Stock Trading
$4.95 per trade
$4.95 per trade
Options Trading
$4.95 + $0.65 per contract
$4.95 per online trade, plus $0.65 per contract
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds $49.95 for all other funds$0 transaction fee for Fidelity funds
$0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
$49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFs500+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Broker Assisted Tradesonline pricing + $25.00 service charge$32.95 per trade for representative-assisted trades.
Customer Service
24/7
(800) 343-3548
Inactivity Fee
None
$0
Maintenance Fee
$0
$0 account service fee
Banking
Yes
Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
Mobile App
Yes
Desktop App
Yes
Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period)
Futures Trading
$1.50 per contract
 
Locations
300 locations
More than 180
Online Community
Yes
 
Seminars
Yes
 
Virtual Trading
No

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: Pricing information from published websites as of 07/20/2019.

Fidelity: Pricing information from published website as of 07/20/2019.

    Stock Plan Services: Earn $100 Bonus

    Get $100 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $10,000 - $24,999 within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

    Stock Plan Services: Earn $200 Bonus

    Get $200 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $25,000 - $49,999 within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

    Stock Plan Services: Earn $500 Bonus

    Get $500 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $100,000 or more within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

    Stock Plan Services: Earn 300 Bonus

    Get $300 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $50,000 - $99,999 within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

Charles Schwab Alternatives

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    Charles Schwab is one of the oldest names in the world of investing. With low fees, no account minimums, and robust research tools, it's a good brokerage for all levels of investors.

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    Successful trading requires quick action and in-depth analysis. Using the wrong platform could leave you in financial ruin. But the right one can enhance your trading efforts.

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    The best robo-advisor offers low management fees, low minimum investment requirements, and daily account monitoring. Read this list of top robo advisors before you invest.

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