Schwab Global Account (2024)

The Schwab Global Account™ is designed for U.S. investors seeking to trade online through Schwab in international markets in their local currencies.

Download an Application

What do I get with a Schwab Global Account?

Trade stocks directly online through Schwab in 12 of the top-traded foreign markets in their local currencies.

  • No account or trade minimum.
  • Get real-time quotes¹ during foreign market hours.
  • View multi-currency statement reporting.
  • Speak with a Global Investing Services specialist anytime between 5:30 p.m. ET Sunday and 5:30 p.m. ET Friday at 800-992-4685.

Ready to Get Started?

Download an Application

Download an application

Account fees and commissions

  • There are no fees to open or maintain an account. Other account fees, fund expenses, and brokerage commissions may apply
  • Account minimum: $0

Equity trading commissions in foreign currency¹

Trade commissions listed below in the foreign currency are fixed. The equivalent amount in U.S. dollars will fluctuate based on the current exchange rate.

Equity trading commissions in foreign currency

Equity trading commissions in foreign currency

  • Country and Currency
  • Online Trades*
  • Broker-AssistedTrades*
  • Country and Currency

    Australia - A$ (Australian dollar)

    >

  • Online Trades*

    A$32

    >

  • Broker-AssistedTrades*

    A$70

    >

    • Country and Currency

      Belgium, Finland, France, Germany, Italy, Netherlands - € (Euro)

      >

    • Online Trades*

      €19

      >

    • Broker-AssistedTrades*

      €50

      >

      • Country and Currency

        Canada -C$ (Canadian dollar)

        >

      • Online Trades*

        C$9

        >

      • Broker-AssistedTrades*

        C$65

        >

        • Country and Currency

          Hong Kong - HK$ (Hong Kong dollar)

          >

        • Online Trades*

          HK$250

          >

        • Broker-AssistedTrades*

          HK$600

          >

          • Country and Currency

            Japan - ¥ (Japanese yen)

            >

          • Online Trades*

            ¥2000

            >

          • Broker-AssistedTrades*

            ¥6000

            >

            • Country and Currency

              Norway - kr (Norwegian krone)

              >

            • Online Trades*

              kr160

              >

            • Broker-AssistedTrades*

              kr400

              >

              • Country and Currency

                United Kingdom - £ (British pound)

                >

              • Online Trades*

                £9

                >

              • Broker-AssistedTrades*

                £30

                >

            Foreign Currency Conversion Fees

            Foreign Currency Conversion Fees

            • Amount Converted
            • Currency Conversion Fee %
            • Amount Converted

              <$100K

              >

            • Currency Conversion Fee %

              1.00%

              >

              • Amount Converted

                $100K - $249K

                >

              • Currency Conversion Fee %

                0.75%

                >

                • Amount Converted

                  $250K - $499K

                  >

                • Currency Conversion Fee %

                  0.50%

                  >

                  • Amount Converted

                    $500K - $999K

                    >

                  • Currency Conversion Fee %

                    0.30%

                    >

                    • Amount Converted

                      $1M+

                      >

                    • Currency Conversion Fee %

                      0.20%

                      >

                  Foreign currency transactions are subject to a fee based on the amount of currency converted in a single transaction, as shown in the table above.

                  1. Real-time quotes are not available to professional investors.

                  2. Standard online $0 commission does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market. Options trades will be subject to the standard $0.65 per-contract fee. Service charges apply for trades placed through a broker ($25) or by automated phone ($5). Exchange process, ADR, and Stock Borrow fees still apply. See theCharles Schwab Pricing Guidefor Individual Investors for full fee and commission schedules. The list of countries and fees is subject to change without notice. See the pricing guide for country-specific fee details.

                  Have questions about global investing?

                  View our frequently asked questions and answers. If you have other questions, please call us at800-992-4685.

                  Related Questions

                  How do I open this account?

                  Download an application

                  Need help with your application?
                  Call a Schwab Global Investing Specialist at800-992-4685.

                  What benefits do I get with a Schwab Global Account?

                  At Schwab, you can trade in international securities in more than 30 countries. A Schwab Global Account allows you to trade online in 12 of those countries using their local currency.

                  How do I deposit money in my account?

                  There are different ways you can make a deposit:

                  • Transfer funds from your associated Schwab One account via Schwab.com (automatically available once your Global Account is opened).
                  • Transfer funds or assets from an external account or another Schwab account.
                  • Request a wire transfer to your account from another financial institution.
                  How is the Schwab Global Account different than a Schwab One brokerage account?

                  You can trade international securities in both accounts. The key benefit of the Global Account is that you can trade online using the foreign currency of each market you’re trading in, compared to the Schwab One brokerage account, where trades are placed by calling a Schwab broker and are settled only in U.S. dollars.

                  Generally, the Schwab Global Account is designed for investors interested in trading international securities who feel comfortable trading online in multiple currencies. If you prefer to trade foreign stocks in U.S. dollars and do not require online trading capabilities, the Schwab One brokerage account could be the right solution for you.

                  Please call a Global Investing Specialist at800-992-4685if you have a question about which account might best suit your individual investing needs.

                  How else can Schwab help me invest internationally?

                  We've got the resources you need to help you trade across 30 countries. With Schwab, you'll enjoy theseglobal investing benefits:

                  Additional ways to trade international equities at Schwab:

                  ADRs and Foreign OTC Stocks
                  Trade foreign securities during U.S. market hours using American Depositary Receipts (ADRs) and the U.S. over-the-counter (OTC) market.

                  International Mutual Funds and Index ETFs
                  Choose from a wide variety of international mutual funds and international exchange-traded funds (ETFs) from Schwab and third parties.

                  More ratings on international stocks.Leverage our easy-to-use weekly ratings on over 4,000 stocks in over 25 countries with Schwab Equity Ratings International™.

                  In-person and online help.Talk to a Schwab Global Investing Specialist about your international investment choices, or learn on your own with our extensive online help.

                  Research and commentary.Access research and commentary from Schwab’s experts and third-party sources like the Economist Intelligence Unit, Credit Suisse, Ned Davis Research, Inc., and JPMorgan Chase.

                  Learn more about international stock trading at Schwab.

                  Schwab Global Account (1)

                  Researching Foreign Investments

                  Close

                  Researching Foreign Investments

                  Opens in popupRead transcriptfor Researching Foreign Investments

                  At Charles Schwab I am a global investing specialist. My job in general is to help clients navigate the foreign markets.
                  We work with any sort of client here at the global desk. We're just here to help them in achieving their financial goals.

                  So, I worked with a client who had been reading a pretty prestigious newspaper and he'd read about some securities that trade in Hong Kong, Australia and Canada. He had gone online and he tried to search for these companies and he was having some difficulty. So he called in asking, "How do I learn more about these companies?" We were able to use the resources on Schwab.com to actually find the Schwab equity rating reports. So I was able to take the time to review each individual report with him to make sure he understood what he was buying. We looked at three stocks he wanted to purchase. We reviewed the analyst ratings and the client called back and he wanted to make the trades. What we looked up was the liquidity on the different markets and where was the best market to send the trade to get the client the best overall price. He doesn't have to be placing a trade to call the global desk.

                  We're there to help educate clients, to explain things to clients, and although this client started off as a novice investor in the foreign markets, I can tell you now he's far from a novice investor. The number of conversations we've had, he's very competent in what he is doing and probably more competent than he knows.

                  To me, there is nothing more satisfying than having a client being able to call into a firm like ours and have a name that you can trust every time. And through the multiple conversations I've had with him, building that relationship and that trust is so important. It really gives me a good understanding of what they are trying to accomplish, which to me is the most important thing.

                  I want to work with a firm that I can trust as an employee and I know clients want to work with a firm they can trust as a client. And I really am able to live up to that here at Charles Schwab.

                  Close

                  Schwab Global Investing Specialists discuss the help and support that they provide to clients.

                  Schwab Global Investing Specialist Dan Wellman discusses how he helped a client withresearching foreign investments.

                  • Take the next step.

                    Download an application

                    Need help with your application? Call a Global Investing Specialist at 800-992-4685.

Schwab Global Account (2024)

FAQs

What is a Charles Schwab Global account? ›

At Schwab, you can trade in international securities in more than 30 countries. A Schwab Global Account allows you to trade online in 12 of those countries using their local currency.

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Can I hold foreign currency in my Schwab account? ›

You can simultaneously hold any of the 8 currencies, in any amount, although currency balances do not earn interest. You can convert directly from one currency to another, in any combination.

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Why is my Schwab account restricted from trading? ›

If you get more than 3 Free Riding Violations within a 12 month period, your Public account will be restricted for 90 days. Remember, this is a “Safe Mode” where you'll only be able to sell stock, or purchase stock with fully settled funds.

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What is the average balance in a Charles Schwab account? ›

The average account balance across all participant accounts finished at $273,412 for Q3, the Charles Schwab SDBA Indicators Q3 2022 Report found. That is lower than the $283,485 average value at the end of Q2 2022 and far lower than the average balance of $341,068 for 2021.

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Why do I need a global account? ›

The Global Account offers you the means to save and transact in foreign currency; whether you are saving for offshore travel, require quick access to manage currency risk or are receiving and making international payments.

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How does a global account work? ›

Global Account works like a bank account which allows you to receive payments from SWIFT and/or local payment system. Payments received will automatically be credited to your wallet for you to transfer out.

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What is the minimum balance for Charles Schwab International? ›

What is the minimum deposit to open a brokerage account? A minimum deposit of US$25,000 is needed to open a Schwab One International account.

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Can I withdraw international money from Charles Schwab? ›

The Schwab debit card allows you to take out cash from any ATM anywhere in the world and refunds 100% of any withdrawal or ATM fees you pay.

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How much can you transfer internationally with Charles Schwab? ›

According to Charles Schwab's Terms & Conditions, The smallest amount you can send is $1. The largest amount is $100,000 per transfer. The daily transfer limits are $100,000 when receiving and $100,000 when sending money.

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Why can't i withdraw money from Charles Schwab? ›

At Charles Schwab, the only available option to withdraw money to your account is via Bank transfer. Remember, you can only withdraw funds to accounts that are in your name.

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Why can't I transfer money out of my brokerage account? ›

You can only withdraw cash from your brokerage account. If you want to withdraw more than you have available as cash, you'll need to sell stocks or other investments first. Keep in mind that after you sell stocks, you must wait for the trade to settle before you can withdraw money from your brokerage account.

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How safe is my money with Charles Schwab? ›

FDIC Insurance

Most Schwab brokerage accounts have a Bank Sweep Feature that automatically sweeps cash balances to Schwab Bank and for that reason the cash is insured by the Federal Deposit Insurance Corporation (FDIC).

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What is considered high net worth at Schwab? ›

"High-net-worth" is defined as having $5 million or more in assets.

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What is the 4% rule Charles Schwab? ›

It's relatively simple: You add up all of your investments, and withdraw 4% of that total during your first year of retirement. In subsequent years, you adjust the dollar amount you withdraw to account for inflation.

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What is rule of 55 Charles Schwab? ›

This is where the rule of 55 comes in. If you turn 55 during the calendar year you lose or leave your job, you can begin taking distributions from your 401(k) without paying the early withdrawal penalty. However, you must still pay taxes on your withdrawals.

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How much does global account charge? ›

The FNB Global Account charges an annual fee of US$25.00 for the USD account, €23.00 for the Euro account and £20.00 for the British pound account. Account holders can access 9 foreign currencies through the FNB Global Account.

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What global account means? ›

Global account management (GAM) is an approach for cultivating long-term relationships with major global customers to create new business opportunities and generate greater revenue.

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Is Global account free? ›

How much does a Global Money Account cost? There is no cost for holding a Global Money Account and transactions are fee-free.

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Can I withdraw money from Global money account? ›

You can withdraw money from any cash machine worldwide and we won't charge you a fee.

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What is the limit on everyday global account? ›

Features
Daily atm withdrawal limit$2,000.00
Eftpos cardno
Mastercard debit cardno
Visa debit cardyes
Branch accessyes
5 more rows
Mar 30, 2023

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How do I receive money from global? ›

Go to your nearest Global Odeme Hizmetleri location. Provide your valid ID and give the accurate transfer details to the cashier to receive the funds. In transfer details, you will need to provide accurate information such as: sender's full name and surname, address, and reference number.

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What is the difference between Charles Schwab and Charles Schwab International? ›

Charles Schwab is a huge banking institution with over 8.5 trillion assets under management. It is the biggest discount broker in the United States. Charles Schwab International is their division for clients outside of the United States.

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Can I live outside the US with Charles Schwab? ›

As a U.S. citizen living abroad, you'll enjoy a number of advantages with Schwab, including: Convenient access to your money through U.S. dollar–denominated checks, debit cards, and the Schwab MoneyLink® Electronic Funds Transfer Service.

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What is the monthly amount required for Charles Schwab? ›

There is no minimum investment needed to open a brokerage account. How much will it cost to open an account? There are no fees to open and maintain a Schwab account.

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What is global trading account? ›

Kotak Global Trade Account, a one-stop account that will take care of your trade and forex requirements across the world. Our Global Trade Account gives you the extra-edge that caters to your need to succeed in today's challenging cross-border business scenario.

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What is the meaning of global investing? ›

Global Investment or International Investment is a strategy of selecting the global-based investment options for your portfolio. These investments include options like Mutual Funds, exchange traded funds and direct investments in foreign markets.

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What is the minimum deposit for a Schwab international account? ›

Account opening and funding questions

What is the minimum deposit to open a brokerage account? A minimum deposit of US$25,000 is needed to open a Schwab One International account.

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Is Schwab as good as Vanguard? ›

Charles Schwab offers all the investments you'd expect from a large broker, including equities, bonds, futures, Forex, options, and access to cryptocurrency (through Bitcoin futures and funds only). Vanguard's offerings are comparatively limited, but they should be adequate for most buy-and-hold investors.

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Is Charles Schwab cheaper than Vanguard? ›

Trading costs and commissions

As you can see, both brokers have joined the $0 commission club when it comes to online stock and ETF trading (but there are still commissions for phone and broker-assisted trades). For mutual funds, Vanguard is significantly cheaper, while options traders would save money with Schwab.

Get More Info
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