Charles Schwab Bank vs Chase: Which is Better? (2024)

Charles Schwab Bank is a popular brokerage with a free checking account that refunds ATM fees. How does it compare to Chase? Read our comparison chart below.

Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursem*nts 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 Chase is one of the biggest banks in the nation with more than 4,700 branches and over 15,000 ATMs. They offer a variety of banking, loans and investing services.

Compare Charles Schwab Bank with Chase, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Charles Schwab Bank	Chase

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	SPECIAL OFFER High Yield Investor Checking – Unlimited ATM Rebates - Learn MoreRead Charles Schwab Bank Review	SPECIAL OFFER Chase Bank $200 Bonus - Learn MoreRead Chase Review
	Benefits and Features
Savings	0.48% APY	Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open. Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
CD	Offers brokered CDs from other banks. Terms range from 1 month to 20 years. Minimum deposit of $1,000.	Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
Checking	0.45% APY, $0.01 account minimum	Chase Total Checking® Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open. Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open. Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open. Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Customer Service	24/7 Live Customer Service (Telephone and Chat)
ATMs	Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.	15,000+ Chase ATMs
Locations	345 branches across the country. You may also open an account online.	Over 4,700
	CreditDonkey® Reviews

Savings
Checking
Customer Service
Mobile App
Pros & Cons	Pros: No account minimum No service fees Refund all ATM fees Cons: Only checking or savings Must do banking online	Pros: More than 4,700 branches New customer coupons Full service banking Cons: Low interest rates Not in all states
Bottom Line	Popular brokerage with a free checking account that refunds ATM fees... Read full review	National bank with good promotions for new customers... Read full review
	Learn More	Visit Site
	High Yield Investor Checking – Unlimited ATM Rebates	Chase Bank $200 Bonus Chase Bank $100 Bonus Chase Business $300 Bonus
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 03/23/2023. Chase: Pricing information and data points from published website as of 12/17/2020

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Chase Total Checking® - $200 Bonus

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Expires 10/18/2023

New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking^® account and set up direct deposit
Access to more than 15,000 Chase ATMs and more than 4,700 branches
Chase Mobile^® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
JPMorgan Chase Bank, N.A. Member FDIC
Open your account online now
Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

*With Chase Overdraft Assist℠, we won't charge an Overdraft Fee if you're overdrawn by $50 or less at the end of the business day OR if you're overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.

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Chase Secure Banking℠ - $100 Bonus

Get $100 Coupon

Expires 10/18/2023

New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
No minimum deposit to open an account and get started.
No overdraft fees with a Chase debit card that helps you stay within your balance.
Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
JPMorgan Chase Bank, N.A. Member FDIC.
Pay bills, cash checks and send money with Zelle^® all for a $4.95 monthly service fee.
Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile^® app and Chase Online℠.

Member FDIC

Chase Business Complete Banking® - $300 Bonus

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Expires 10/19/2023

Earn $300 when you open a new Chase Business Complete Checking^® account. For new Chase business checking customers with qualifying activities.
Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink^® Business credit card.
Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle^®, Online Bill Pay, wire transfers and ACH payments.
Convenient access to payment processing. Process all major debit and credit cards with QuickAccept^®. It's a built-in feature with your Business Complete Checking account.
Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
Trusted and secure financial partner. We're committed to helping you grow and protect your business.

Which is Better: Charles Schwab Bank or Chase?

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 Bank of America.

In short: Chase's mobile app is impressive.

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 Bank of America

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.