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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 Bank

Capital One

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

Read Charles Schwab Bank Review

SPECIAL OFFER
Personal Checking Account - $150 Bonus - Learn More

Read Capital One Review

 

Benefits and Features

Savings
0.05% APY
0.40% APY
CDOffers brokered CDs from other banks. Terms range from 1 month to 20 years. Minimum deposit of $1,000.0.10% to 0.80% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20%
Checking0.03% APY, $0.01 account minimum
0.10% APY
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 40,000 no-fee Capital One & Allpoint ATMs
IRA CD 0.10% to 0.80% APY. Terms of 6 months to 5 years. 12-month CD APY of 0.20%.
Locations345 branches across the country. You may also open an account online.
Online Only
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarStarHalf StarStarStarStarStarHalf Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Money MarketStarStarStarStarEmpty Star
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 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 07/23/2020.

Capital One: Pricing information from published website as of 7/23/2021.

Which is Better: Charles Schwab Bank or Capital One?

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

In short: Capital One's checking is outstanding.


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.

Charles Schwab Routing Number

You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

Articles on Capital One

Capital One 360 Review

Capital One 360 checking and savings accounts are free to open and offer higher-than-average APY rates. Does this popular web bank live up to its claims? Find out if it's right for you.

Capital One Bank Hours

Capital One Bank is open 6 days a week. Take a look at their operating hours.

Capital One Routing Number

What is the routing number for Capital One? Find the right one for your account with our guide.

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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