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 360 Checking Account - Learn More Read Capital One Review
	Benefits and Features
Savings	0.48% APY	3.90% APY
CD	Offers brokered CDs from other banks. Terms range from 1 month to 20 years. Minimum deposit of $1,000.	3.30% to 4.75% APY. Terms of 6 months to 5 years. 12-month CD APY of 4.75%
Checking	0.45% APY, $0.01 account minimum	0.10% APY
Customer Service	24/7 Live Customer Service (Telephone and Chat)	Mon-Sun: 8am - 11pm (ET)
ATMs	Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.	Over 70,000 no-fee Capital One & Allpoint ATMs
Locations	345 branches across the country. You may also open an account online.	Online Only
	CreditDonkey® Reviews
Savings
Checking
Customer Service
Mobile App
Money Market
Pros & Cons	Pros: 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 Line	Popular brokerage with a free checking account that refunds ATM fees... Read full review	Good online bank with access to in-person support... Read full review
	High Yield Investor Checking – Unlimited ATM Rebates	360 Checking Account 360 Performance Savings - 3.90% APY Basic Business Checking
Charles Schwab Bank: Pricing information from published website as of 03/23/2023. Capital One: Pricing information from published website as of 5/28/2023.

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 Bank vs Chase

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.