Charles Schwab Bank is the banking subsidiary of The Charles Schwab Corporation (NYSE: SCHW), the brokerage and financial services firm founded by Charles “Chuck” Schwab in 1971. The bank was chartered in 2003 and serves as the deposit and lending arm of the broader Schwab ecosystem, with more than $400 billion in deposits and tens of millions of client accounts. Schwab Bank is best known for the Schwab High-Yield Investor Checking account, an unusual product that offers unlimited ATM fee rebates worldwide, no foreign transaction fees, no monthly service fees, and no minimum balance requirement. The Charles Schwab Corporation is headquartered in Westlake, Texas, after relocating from San Francisco in 2021.
Map of Charles Schwab Bank locations near me
Use the Charles Schwab branch locator below to find the nearest Schwab branch in your location, with branch hours, services, and contact details. Schwab Bank checking, savings, and brokerage accounts can be opened entirely online from any US state, even where no Schwab branch is physically present. You can click ‘Use my location‘ to view the Schwab branches around you on the map.
Charles Schwab Bank at a glance
- Official name: Charles Schwab Bank, SSB (a Texas state savings bank)
- Sister institution: Charles Schwab Premier Bank, SSB (separate FDIC-insured charter under the same holding company)
- Parent company: The Charles Schwab Corporation (NYSE: SCHW)
- Founded: 1971 (Charles Schwab Corporation as a brokerage); Charles Schwab Bank chartered 2003
- Headquarters: Westlake, Texas (relocated from San Francisco in 2021)
- Deposits: approximately $400 billion across Charles Schwab Bank and Charles Schwab Premier Bank
- Branches: Schwab Bank is primarily online; the ~400 Charles Schwab brokerage branches across the United States provide in-person service for banking customers
- States with Schwab branches: approximately 45 US states; banking accounts are available in all 50 states online
- Customer service hours: 24 hours a day, 7 days a week (the Schwab phone line is one of the longest-running 24/7 customer-service operations in US retail finance)
- Major 2020 acquisition: TD Ameritrade (a $26 billion all-stock deal); integration completed 2024 and the TD Ameritrade brand was retired
- Stock ticker: SCHW (NYSE)
- Notable Schwab Bank account feature: unlimited ATM fee rebates worldwide on the Schwab High-Yield Investor Checking account
Charles Schwab Bank branch near me
Charles Schwab Bank does not operate a traditional retail-branch network like Chase or Bank of America. Instead, Schwab uses a hybrid model: deposit accounts, savings, mortgages, and lending are handled online and through the Schwab mobile app, while in-person service is provided at Charles Schwab brokerage branches across the United States.
Where Schwab brokerage branches are located
Charles Schwab operates approximately 400 brokerage branches across the United States, with concentrations in:
- California: the largest single state market, with branches across the San Francisco Bay Area (downtown San Francisco, Palo Alto, San Jose, Walnut Creek, San Mateo), Los Angeles (Beverly Hills, Century City, Pasadena, Manhattan Beach), San Diego, Orange County, Sacramento, and the Central Valley
- Texas: Westlake (the corporate headquarters), Dallas, Plano, Fort Worth, Houston, Austin, San Antonio, and the broader DFW and Houston metros
- New York: Manhattan (multiple branches), Long Island, Westchester, and the broader New York City metro
- Florida: Miami, Fort Lauderdale, Boca Raton, Orlando, Tampa, Naples, and Sarasota
- Illinois: Chicago and the surrounding suburbs
- Other major markets: Boston, Seattle, Bellevue, Denver, Phoenix, Atlanta, Charlotte, Washington DC, Northern Virginia, Philadelphia, Minneapolis, Portland (Oregon), and Las Vegas
For the official Charles Schwab branch locator, visit schwab.com/branch and enter your ZIP code, city, or state. Branches are typically open Monday to Friday 8:30 AM to 5:00 PM local time; most are not open on weekends.
What you can do at a Charles Schwab branch
- Open a new Schwab Bank account (checking, savings, IRA, brokerage)
- Speak with a Schwab Financial Consultant for retirement planning, investments, and wealth management
- Notarize documents related to your Schwab account (limited; check with the specific branch)
- Wire transfers and large transactions that require in-person verification
- Pick up cashier’s checks if requested in advance
- Discuss mortgage, lending, or equity-loan products with a Schwab Bank Lending Specialist
- Account servicing: ID verification, signature updates, beneficiary changes
Charles Schwab Bank ATM near me
Use the Schwab Bank ATM finder to find the closest ATM machine around you. The Schwab Bank ATM strategy is unusual and is one of the bank’s most-promoted features.
Schwab High-Yield Investor Checking: unlimited ATM fee rebates worldwide
With the Schwab High-Yield Investor Checking account, you can use any ATM, in any country, and Schwab refunds 100% of the ATM operator fees at the end of each month. There is no monthly cap on the rebate amount. There are no foreign transaction fees on debit card purchases or ATM withdrawals abroad. This is the single feature that drives most Schwab Bank checking-account sign-ups, especially among:
- International travelers, who use foreign ATMs without paying any fee
- Digital nomads and expats, who need fee-free cash access in dozens of countries
- Customers who travel domestically and don’t want to hunt for in-network ATMs
- Customers who want a backup account with universal ATM access alongside a primary checking account
How the Schwab ATM rebate actually works
- Use any ATM in the world, including non-Schwab ATMs, foreign ATMs, supermarket ATMs, hotel ATMs, and ATMs in countries Schwab doesn’t operate in
- The ATM operator charges its normal surcharge fee at the time of withdrawal
- Schwab credits 100% of those fees back to your Schwab Bank checking account at the end of each calendar month
- The rebate is not subject to a maximum dollar amount and is not limited to a number of transactions per month
- Foreign transaction fees (typically 1% to 3% at most banks) are not charged by Schwab on debit card transactions or ATM withdrawals
Important Schwab ATM rebate caveats
- Dynamic Currency Conversion (DCC): if you accept DCC at a foreign ATM (the ATM offering to convert the amount to USD for you at its own exchange rate), Schwab will NOT rebate that ATM’s surcharge fee. Always choose to be charged in the local currency to keep the rebate. This is the single most common reason Schwab customers lose their rebate while traveling abroad.
- What is NOT rebated: the rebate covers ATM cash-withdrawal surcharges only. It does NOT cover balance inquiries, POS transactions, stamp purchases, gold-purchase ATMs, or DCC fees.
- Account requirement: the unlimited ATM rebate is a feature of the Schwab Bank Investor Checking account specifically (formerly called High-Yield Investor Checking). Other Schwab Bank account types may have different ATM fee policies.
Schwab debit card and ATM access
The Schwab Visa Platinum Debit Card is issued for the Schwab High-Yield Investor Checking account and works at any ATM that accepts Visa cards (essentially every ATM globally). The debit card also includes chip-and-PIN for European travel and EMV chip technology for security. Schwab does not have its own proprietary ATM network; instead, the rebate strategy effectively makes every ATM in the world a fee-free option.
Schwab High-Yield Investor Checking and other Schwab Bank accounts
Schwab High-Yield Investor Checking
The flagship Schwab Bank account, designed for everyday use. Features include:
- Annual percentage yield (variable, currently around 0.45% APY)
- Unlimited worldwide ATM fee rebates
- No monthly service fee
- No minimum opening deposit
- No foreign transaction fees
- FDIC insured up to applicable limits
- Mobile check deposit and online bill pay
- Linked Schwab brokerage account (required; the linked brokerage has no minimum balance and no fee)
- Visa Platinum debit card with EMV chip
Schwab Bank Investor Savings
A companion high-yield savings account from Schwab Bank, also with no monthly fees and FDIC insurance. APY is variable and tends to track competitive online-savings rates from Marcus, Discover, and other online banks.
Other Schwab Bank products
- Schwab Bank Pledged Asset Line (PAL): a securities-backed line of credit using your brokerage holdings as collateral, popular for short-term liquidity
- Schwab Mortgage: jumbo mortgages, conventional mortgages, and home equity lines of credit, offered to Schwab Bank clients with a relationship discount
- Schwab Bank IRA accounts: traditional, Roth, and rollover IRAs for retirement savings
- Schwab Charitable accounts: donor-advised funds for charitable giving
Payment apps and digital banking features
The Schwab Bank Investor Checking account integrates with the major US payment apps and digital wallets:
- Zelle: send and receive money with other US bank customers using a phone number or email
- Apple Pay: the Schwab Bank Visa Platinum Debit Card can be added to Apple Wallet for tap-to-pay transactions
- Google Pay: same support on Android devices
- Mobile check deposit: deposit paper checks by photographing the front and back inside the Schwab mobile app
- Online bill pay: schedule one-time and recurring payments to billers from your Schwab Bank account
- External account transfers: link external bank accounts for ACH transfers in and out of Schwab Bank
Schwab Bank limitation: no cash deposits
The single biggest drawback of Schwab Bank for many customers is that Schwab Bank does not accept cash deposits. Schwab Bank does not operate its own physical bank-branch vaults or its own ATM network with cash-deposit functionality. If you need to deposit cash:
- Deposit the cash at a third-party bank account you control, then send an ACH transfer to your Schwab Bank account
- Buy a money order and mail it to Schwab Bank (slow but works)
- Wire-transfer cash from another bank to Schwab Bank (fast but the originating bank may charge a fee)
If cash deposits are a regular part of your banking life (cash tips, cash sales, etc.), Schwab Bank by itself is probably not the right primary checking account. Most Schwab customers who deal with cash maintain a second account at a traditional brick-and-mortar bank for cash deposits and use Schwab Bank for everything else.
Charles Schwab Bank hours, Saturday hours, and open now
Schwab Bank does not have a traditional retail-banking hours model because most of the bank’s services are online or via the mobile app. The main hours that matter:
| Service | Hours |
|---|---|
| Schwab Bank phone customer service | 24 hours a day, 7 days a week (one of the longest-running 24/7 customer service lines in US retail finance) |
| Schwab.com and the Schwab mobile app | Available 24/7 for routine banking, transfers, deposits, bill pay |
| Charles Schwab brokerage branches | Typically Monday to Friday 8:30 AM to 5:00 PM local time; closed Saturday and Sunday at most locations |
| ATM access (any global ATM) | 24/7 (with Schwab refunding all fees end of month) |
Charles Schwab brokerage branches are closed on the standard 11 US federal holidays:
- New Year’s Day (January 1)
- Martin Luther King Jr. Day (third Monday of January)
- Presidents Day (third Monday of February)
- Memorial Day (last Monday of May)
- Juneteenth National Independence Day (June 19)
- Independence Day (July 4)
- Labor Day (first Monday of September)
- Columbus Day (second Monday of October)
- Veterans Day (November 11)
- Thanksgiving Day (fourth Thursday of November)
- Christmas Day (December 25)
The Schwab phone customer service line (1-800-435-4000) and the mobile app remain available 24/7 on all federal holidays, so account questions, debit card lost or stolen reports, and routine servicing can be handled even when branches are closed. Schwab Bank ACH transfers do not process on federal holidays (because the Federal Reserve’s ACH network is closed); deposits scheduled for a holiday post the next business day. See our Banks Open on Holidays Near Me page for the full federal holiday schedule.
Is Charles Schwab Bank open now near me? The phone customer service line is open 24/7 every day of the year, and the Schwab mobile app handles routine banking around the clock. The Schwab brokerage branches keep weekday business hours and are closed Saturday and Sunday.
Contact Charles Schwab Bank: customer service phone numbers
- Charles Schwab general customer service: 1-800-435-4000 (24 hours a day, 7 days a week)
- Schwab Bank specifically: 1-888-403-9000 (Monday to Friday 4:00 AM to 8:00 PM Pacific Time; Saturday and Sunday 6:00 AM to 7:30 PM Pacific Time; closed on bank holidays)
- Schwab Bank automated services: 1-877-824-5625 (24/7 automated balance, transfer, and account services)
- Lost or stolen Schwab Bank Visa Platinum Debit Card (US): 1-888-403-9000
- Lost or stolen debit card (from outside the US): +1-317-596-4501
- Charles Schwab Mortgage: 1-800-680-8031
- International callers (Schwab from outside the US): +1-415-667-8400
- Schwab Spanish customer service: 1-800-786-5174 (Servicio en Espanol)
- Schwab TDD/TTY (hearing-impaired access): 1-800-345-2550
- Charles Schwab Online and Mobile technical support: 1-800-435-4000 (same main number, 24/7)
The 24/7 main customer service line at 1-800-435-4000 is one of Schwab’s signature features and is staffed around the clock for both brokerage and most banking inquiries. The dedicated Schwab Bank line (1-888-403-9000) has narrower hours but handles bank-specific issues including debit cards, mobile banking technical issues, and ACH transfer questions.
About Charles Schwab Bank: history and the TD Ameritrade acquisition
The Charles Schwab Corporation was founded in 1971 by Charles R. Schwab as a small brokerage focused on offering individual investors lower commission rates than the traditional Wall Street brokers. Schwab pioneered discount brokerage, low-cost trading, and 24-hour quote-by-phone service. The firm went public on the NYSE in 1987.
Charles Schwab Bank was chartered in April 2003 as a federal savings bank under the Office of the Comptroller of the Currency, and was later converted to a Texas state savings bank in 2021 when the holding company relocated to Westlake, Texas. The bank was created to allow Schwab to offer FDIC-insured checking and savings accounts, mortgages, and lending products to its existing brokerage clients, capturing more of the customer relationship inside the Schwab ecosystem.
In November 2019, The Charles Schwab Corporation announced the acquisition of TD Ameritrade in a $26 billion all-stock deal. The acquisition closed in October 2020 and made Schwab the largest US retail brokerage by client assets. TD Ameritrade clients were progressively migrated to Schwab platforms; by 2024 the TD Ameritrade brand was retired and all former TD Ameritrade accounts were operating under Schwab branding. The merger added millions of brokerage clients and dramatically expanded Schwab’s retail footprint.
Schwab also acquired the USAA brokerage business in 2020 (the USAA brokerage and managed-portfolio accounts moved to Schwab) and has steadily acquired other smaller brokerage and registered investment advisor (RIA) custody businesses.
In 2021, the Charles Schwab Corporation relocated its corporate headquarters from San Francisco to Westlake, Texas, citing a lower cost of doing business and proximity to the TD Ameritrade legacy Texas operations. The San Francisco offices remain open as a major Schwab campus.
Frequently asked questions
Where is the Nearest Charles Schwab Bank Branch Near Me?
Looking for the nearest Charles Schwab Bank branch? Schwab Bank itself is primarily an online and mobile bank, but Charles Schwab operates approximately 400 brokerage branches across the United States where you can also handle Schwab Bank account questions, open new accounts, and meet with a financial consultant. The interactive map above shows nearby Schwab branches, including the major markets in California, Texas, New York, Florida, Illinois, Massachusetts, Washington, and other states.
How to Find the Closest Charles Schwab Bank ATM Around Your Location
Need cash? Use the Schwab Bank ATM finder to find the closest ATM machine around you. Here is the key Schwab Bank ATM advantage: with the Schwab High-Yield Investor Checking account, you can use any ATM, anywhere in the world, and Schwab refunds 100% of the ATM operator fees at the end of each month. You are not limited to a single network. Whether you are at home, at work, or traveling internationally, Schwab Bank covers the ATM fees.
Use the Map to See Locations of Charles Schwab Bank Around You
Wherever you are in the United States, the map above shows Schwab branches near you. The Schwab branch network is concentrated in major metropolitan areas (San Francisco Bay Area, Los Angeles, San Diego, Dallas-Fort Worth, Houston, Austin, New York City, Miami, Tampa, Chicago, Boston, Seattle, Denver, Phoenix, Atlanta, and others). Schwab Bank itself operates online and through the mobile app 24/7 in every US state, with no physical-branch restrictions on account opening.
Where is the nearest Charles Schwab Bank branch to my current location?
Use the Charles Schwab branch locator at schwab.com/branch and enter your ZIP code or city. The locator returns the nearest Schwab branches with addresses, phone numbers, hours, and the financial consultants who serve that branch. The map at the top of this page also shows nearby Schwab branches. Note that Schwab Bank operates online; the ~400 physical Schwab branches across the US are brokerage offices where banking-account customers can also receive in-person service.
Does Charles Schwab Bank have its own retail branches?
Not in the traditional sense. Schwab Bank is primarily an online and mobile bank, with deposits, transfers, lending, and mortgages handled through schwab.com and the Schwab mobile app. The ~400 Charles Schwab branches across the United States are brokerage offices where you can also open Schwab Bank accounts, meet with a financial consultant, and handle in-person banking questions. There are no separate Charles Schwab Bank-only branches.
How does the Schwab Bank ATM fee rebate work?
With the Schwab High-Yield Investor Checking account, you can use any ATM in the world. The ATM operator charges its normal surcharge fee at the time of withdrawal, and Schwab refunds 100% of those fees back to your account at the end of each calendar month. The rebate has no monthly maximum and applies in any country. Schwab also does not charge foreign transaction fees on debit card purchases or ATM withdrawals abroad. This feature is the single biggest reason customers open Schwab Bank checking accounts.
Is Charles Schwab Bank FDIC insured?
Yes. Charles Schwab Bank, SSB and Charles Schwab Premier Bank, SSB are both FDIC-insured Texas state savings banks. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category. Because Schwab maintains two separately-chartered banks, customers with very large deposits can effectively double the FDIC coverage at Schwab by holding deposits in both Schwab Bank and Schwab Premier Bank.
What is the Charles Schwab Bank customer service phone number?
The main Charles Schwab customer service number is 1-800-435-4000, available 24 hours a day, 7 days a week. For Schwab Bank-specific questions (debit card, Investor Checking, ACH transfers), call 1-888-403-9000 (Monday to Friday 4:00 AM to 8:00 PM Pacific Time; Saturday and Sunday 6:00 AM to 7:30 PM PT; closed on bank holidays). For Spanish-language service, call 1-800-786-5174. For Schwab Mortgage, call 1-800-680-8031. International callers reach Schwab at +1-415-667-8400; for a lost or stolen debit card from outside the US, call +1-317-596-4501.
What is the Schwab High-Yield Investor Checking account?
The Schwab High-Yield Investor Checking account is Schwab Bank’s flagship deposit product. It offers an annual percentage yield (variable, typically around 0.45% APY), unlimited ATM fee rebates worldwide, no monthly service fees, no minimum opening deposit, no foreign transaction fees on debit card use, mobile check deposit, and online bill pay. The account requires a linked Schwab brokerage account, but that brokerage account has no minimum balance and no fees.
How are Charles Schwab Bank and TD Ameritrade related?
Charles Schwab Corporation acquired TD Ameritrade in October 2020 in a $26 billion all-stock deal. TD Ameritrade was a US discount brokerage with about 12 million client accounts. By 2024, all TD Ameritrade accounts had been migrated to Schwab platforms and the TD Ameritrade brand was retired. Note that TD Ameritrade is unrelated to TD Bank, the retail bank owned by Toronto-Dominion Bank of Canada; the “TD” in TD Ameritrade was a legacy from when TD Bank had a minority stake in TD Waterhouse, which merged with Ameritrade in 2006.
What is the difference between Charles Schwab Bank and Charles Schwab Premier Bank?
Both are Texas state savings banks chartered under the Charles Schwab Corporation holding company. The two-bank structure allows Schwab to manage deposits across two separately FDIC-insured charters, which provides additional FDIC coverage for clients with very large deposit balances (effectively doubling the $250,000 per depositor coverage). Both banks operate under shared customer service and online banking platforms; the difference is invisible to most retail customers.
Where is Charles Schwab Bank headquartered?
Charles Schwab Bank and the parent Charles Schwab Corporation are headquartered in Westlake, Texas, in the Dallas-Fort Worth metropolitan area. The corporate move from San Francisco to Westlake was announced in 2020 and completed in 2021. The San Francisco offices remain open as a major Schwab campus, and Schwab also has significant operations in Lone Tree, Colorado; Phoenix, Arizona; St. Louis, Missouri; and several other cities.
Are Charles Schwab branches open on Saturday?
Most Charles Schwab brokerage branches are closed on Saturday and Sunday. Schwab phone customer service and the mobile app are available 24/7 every day of the year. The branch network operates on a Monday-to-Friday business-hours schedule (typically 8:30 AM to 5:00 PM local time). For in-person service on a weekend, the Schwab branch network does not currently offer that; account questions are handled by phone or chat instead.
What states does Charles Schwab have branches in?
Charles Schwab has brokerage branches in approximately 45 US states, with the densest concentrations in California, Texas, New York, Florida, Illinois, Massachusetts, Washington, Colorado, Arizona, Georgia, and North Carolina. Charles Schwab Bank accounts can be opened online from all 50 states and from many international jurisdictions, so the absence of a Schwab branch in your state does not prevent you from opening a Schwab Bank account.
Can I deposit cash at a Charles Schwab Bank?
Cash deposits are not directly supported at Schwab Bank because Schwab Bank does not operate its own ATM network and does not maintain physical bank vaults. For cash deposits, Schwab customers typically deposit cash at a third-party bank (for example a Walmart MoneyGram counter or another bank that accepts external cash deposits) and then transfer the funds electronically to their Schwab Bank account, or they wire-transfer cash from another bank. For check deposits, the Schwab mobile app’s mobile check deposit feature is the primary deposit method.
For more banking guides
- TD Bank Near Me, the Canadian-owned US retail bank often confused with TD Ameritrade (unrelated to Charles Schwab’s 2020 acquisition)
- Banks Open on Holidays Near Me, the federal holiday schedule and which banks observe which holidays
- Banks Open on Sunday Near Me, the full list of banks with Sunday hours
- ATM Near Me, find ATMs at any bank, surcharge-free options, and drive-thru ATMs
- Allpoint ATM Near Me, the large surcharge-free network used by many online banks and credit unions
- Banks Near Me homepage, a directory of 70+ US, UK, and international banks