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Charles Schwab Bank – Best Bank for Americans that Travel

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UPDATE: I’m still here in Mexico City using Charles Schwab Bank. Everything in this post is still up to date as ever over a year later. I love this bank to death. The $100 referral bonus is still going on, CLICK HERE TO GRAB IT!

WHY put up with a bank nickel and diming you?

I’ve been with this bank for YEARS. I love the simplicity of their online system. The fact I speak to Americans on the phone ANYTIME I call. And when I mean ANYTIME they are there 24/7/365. I believe I called them on New Year’s Day one year and I got someone while other banks would be closed. They have handled all my problems quickly and efficiently when I’ve needed them. If you don’t want to call them you can chat with them online and get your problems solved too.

A little story: I was living it up in China and I was trying to get cash out. I didn’t do the exchange rate correctly and ended up trying to pull out more than what I had in my account at the time. I’m thinking Schwab just didn’t like that bank so tried two other ATMs. Big mistake as they shut my card down. I called them up on Google Hangouts and they fixed my problem promptly. I did have to find a larger known bank though to pull out money but that wasn’t a problem.

Let’s look at what they offer:
-First they offer a $100 sign up bonus to anyone referred. If you want a referral leave a comment and make sure to fill in your email address and I’ll send you one.
Schwab does not charge any monthly fees and does not have account minimums which is rare these days. I’ve literally had my account sit for months with no money in it when I was younger and my account did not close. *Cough* damn you Chase…
-The main reason I’m writing this article! No foreign transaction fees and no ATM fees anywhere. What does this mean? Most banks charge a 1-3% foreign transaction fee when using your card overseas along with ATM fees. If that other bank charges you ATM fees, they are fully refunded at the end of the month. So if you have $60 in ATM fees they will refund you $60 at the end of the month. You can also go into IKEA in China and pay the exact price that’s on that desk with no markup. Keep that money in your pocket!
-They offer mobile deposit using your phone to deposit checks so you won’t have to go into the bank.
-Free Bill Pay online and through the app
-Free checks (who offers free checks anymore?)
-They also send you free envelopes to mail in checks. I actually had to mail in a very large check with no issues. It got there just fine.
-0.10% interest rate not much but it’s something UPDATE as of 03/30/2018 it is 0.40%, so it went up!
-Schwab is a full brokerage too. I have lots of investments with them and their interface is SO easy to use with TONS of information to make an informed decision. They also have TONS of no transaction fee stocks, bonds, mutual funds, etc etc. I’d highly recommend taking a look at what they offer in that department too.
-And of course FDIC insurance up to $250,000

To open an account:
-Account opening takes less than 5 minutes online. Only thing is you have to send at least a dollar deposit to fully open your account and receive your debit card and account opening package. You can do that through another account, mobile deposit, or through the mail. This is no different than other large banks.

They will force you to open a Schwab One brokerage account but you do not have to use it. It just comes with your checking account.

Locations:
Charles Schwab Bank does have physical branch locations but only in big cities. I’ve walked into a branch when I lived in Pasadena, CA (LA) and Sacramento, CA to deposit a check. They do not take cash nor do they have ATMs as it wouldn’t make sense to have them. You can go to ANY ATM damn near and pull out money.

Click here to find out more informaton: Charles Schwab Bank

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Published in Tips & Tricks

71 Comments

  1. Shanrita L Wakefield

    Please send me a referral

    • Keen & Ready

      No problem, just sent it out!

      • Anita Sullivan

        hi can you please send me the referral

        • Keen & Ready

          Done!

  2. Kristie Ferguson

    Referral please! Thank you!

    • Keen & Ready

      Sent!

  3. Francisco

    Hello, I would love a referral.

    • Keen & Ready

      Just sent out the referral!

  4. Eugenia Orr

    Hi! I’d like a referral please! This sounds awesome!

    • Keen & Ready

      Sent!

    • Keen & Ready

      Referral has been sent.

  5. sheila lewis

    i’d love to receive a referral code. thanx so much for your consideration!

    • Keen & Ready

      Sent!

  6. Tracy

    Please send me a referral … thanks

    • Keen & Ready

      Sent!

  7. Judy

    Please share a referral. Thank you so much!

  8. Jameela Epps

    Can you provide a referral?

    • Keen & Ready

      Sent

  9. Pat

    Please send me a referral..

    • Keen & Ready

      Sent

  10. Crist P Thomas

    Please send me a referral

    • Keen & Ready

      Sent

    • Keen & Ready

      It got bounced back…send another email.

  11. Susan kirby

    Thanks for the info! Referral please!

    • Keen & Ready

      Sent

  12. Lee Servin

    Hello!
    If you’re still offering referrals to Schwab, I’d appreciate one. Thanks!

    • Keen & Ready

      Sent

  13. Nature Lewis

    Referral please

    • Keen & Ready

      Sent

  14. Sheila McNeil

    Please send a referral for me? Thank you!!

    • Keen & Ready

      Sent

      • Salome

        Hello.
        I would like a referral please.

        • Keen & Ready

          Sent!

  15. […] here that are looking for english speakers only. I still suggest finding work in dollars and converting them to pesos though. That would allow you to have the most financial freedom and to live the easiest and best […]

  16. Cynthia Wilkes

    Hi, thank you for such wonderful useful information. Please send me a referral code.
    Have a Blessed Day

    • Keen & Ready

      Sent!

  17. Dona

    Would love a referral. Please and thank you! 😉

    • Keen & Ready

      Sent!

    • Keen & Ready

      Sent!

      • Virginia Carrera

        Can I get the link please & thanks.

        • Keen & Ready

          Sent!

  18. Bea Oc

    Can I please get a referral? Thank you

    • Keen & Ready

      Sent!

  19. Jetta

    Please send referral

    • Keen & Ready

      Sent!

  20. BAM! thank you I’m gonna do this tonight. Please send referral.

    • Keen & Ready

      Sent and I also deleted your email from the comment so you won’t get spammed.

  21. Cassie Martinez

    Referral Please

    • Keen & Ready

      Sent!

  22. Raymond

    I’d appreciate a referral as well. Thank you!!

    • Keen & Ready

      Sent!

  23. I have a brokerage account with Schwab and just looked at their banking section. According to that, they only waive/refund ATM fees for DOMESTIC transactions, but this post makes it sound like MX ATM’s are covered??

    • Keen & Ready

      Yup I get them back at the end of the month

      • Sharon

        Any referral codes left? I would love one. Thanks.

        • Keen & Ready

          Sent!

  24. Renee

    Please send to

    • Keen & Ready

      Sent!

  25. Charlene

    Can you send me a referral please

    • Keen & Ready

      Sent!

  26. Nicole Clark

    Please send referral!!!

    • Keen & Ready

      Sent!

  27. Lisa

    Refer me pls doll

    • Keen & Ready

      Sent! And I deleted your email in the comment so you don’t get spam.

  28. Martin

    Can you send a referral code thx

    • Keen & Ready

      Sent!

  29. Kevin Fisher

    I would like a referral code if this is still going on….great article

    • Keen & Ready

      Sent!

  30. Louis Ip

    Can I get a referral.

    • Keen & Ready

      Sent!

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