The Charles Schwab Investor Checking Account offers the most favorable debit card to use in the US, and abroad. You don't have to pay high foreign exchange fees when you transfer money abroad or take out cash from an ATM. And with an online deposit through your account, you don't pay foreign exchange fees or ATM withdrawal fees when you withdraw cash. And for online purchases, you get an immediate reward for any fees paid by online ATMs.
The Charles Schwab Investor Checking account comes with no annual fee and no monthly fee. It is available to all U.S. residents over eighteen years old who have a checking account at a participating financial institution. No minimum balance is required, and you can open up to ten different accounts with one account, and you can open up to five accounts with one provider.
The Charles Schwab Investor checking account has no other benefits. There are no annual fees, no credit card rebates, and no grace period. For transactions made with your card, there are no surcharges for ATM withdrawal fees, foreign exchange fees, or any other fees that may apply.
Withdrawals and cash advances are always made through the same method. When a transaction is conducted, you are charged a debit transaction fee by the bank. The amount of the debit transaction fee is deducted from your account at the time that you receive your cash advance.
Online shopping can be convenient, but some people prefer to shop at brick-and-mortar stores to save time and money. If you prefer not to shop in a store, then you can still use your card to shop online. Using the Internet to shop for items such as clothing, jewelry, electronics, books, and more, is also a great way to avoid the hassle and expense of going to an actual store.
The Charles Schwab Investor Checking account does offer a debit card to consumers in Canada, but this card is only available through Canadian financial institutions. The Charles Schwab Investor Visa Card in Canada is not available through all banks. Some of the banks that offer this card will require you to have a PIN number from you banking institution or the card company to load funds onto your account.
If you do not wish to have your card tied to a bank account or PIN number, you can use your regular debit card in order to make purchases. You must make at least three sales with the card before it expires, and after that you must pay a transfer fee.
The Charles Schwab Investor Checking account comes with no annual fees, and with this card you don't even have to provide any identification or address. in order to withdraw cash advances or transfers. The only exception to this rule is when you want to make a purchase with a regular account at a merchant's ATM machine.