| Asset class | Details |
|---|---|
U.S. Stocks |
|
Options |
|
Mutual Funds |
|
Bonds |
|
Foreign Stocks |
|
| Order Method | Cost per Trade |
|---|---|
Online Trades |
$12.95 plus $0.015 per share beyond 1,000 shares |
Automated Phone Trades |
Online commission + $5.00 |
Broker-Assisted Trades |
Online commission + $25.00 |
120+ trades per year OR $1,000,000+ in household balances (online) |
$8.95 |
120+ trades per year OR $1,000,000+ in household balances (phone) |
$13.95 |
| Order Method | Cost per Trade plus cost per contract |
|---|---|
Online Trades |
$8.95, plus $0.75 per contract |
Automated Phone Trades |
$13.95, plus $0.75 per contract |
Broker-Assisted Trades |
$33.95, plus $0.75 per contract |
| Type of fund / order method | Cost per Trade |
|---|---|
Mutual Fund OneSource® Funds (online, phone) |
$0.00 |
Mutual Fund OneSource® Funds (broker assisted) |
$25.00 |
Transaction Fee Funds (online, phone) |
$49.95 |
Transaction Fee Funds (broker assisted) |
$74.95 |
| Order Method | Type of Security |
|---|---|
Treasuries |
$0.00 |
Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-coupon Treasuries, including STRIPS and Mortgage-Backed Securities |
$1/bond, $10 min/$250 max |
Commercial Paper & Foreign Bonds |
These are specialty products – please contact us for information |
Unit Investment Trusts |
Sales charge applies. Please see prospectus. |
Preferred Stocks and REITs |
Stock commissions and minimums apply for secondary trades |
| Order Method | Cost per Trade |
|---|---|
All foreign stock trades |
The greater of the broker-assisted trade schedule or $100, or 0.5% of principal |
Minimum Balance (Cash) |
$1000 |
Minimum Balance (Margin) |
$1000 |
Minimum Balance (IRA) |
$1000 |
| Tools | Service Features | Trade Features |
|---|---|---|
|
Late settlement |
$25.00 |
Mutual fund short-term redemption fee7 (Online and Automated Phone) |
$49.95 |
Order out of certificates (for U.S. and Canadian securities) |
$50 per certificate |
Order out of certificates (for foreign securities) |
Variable fee (based on the location of the transfer agent) |
Restricted stock re-registration/gifting |
$75 per transfer |
Security reorganization |
$39.00 |
Full Transfer (out) of assets |
$50 per account |
Partial Transfer (out) of assets |
$25 per account |
Transfer of title for certificates (re-registering securities held in certificate form) |
$25 per position |
Overnight check delivery |
$20.00 |
Non-sufficient funds/returned item |
$25.00 |
Outgoing Wire transfer |
$25 per transfer |
Non-transferable securities |
$1 per month per position |
Physical certificate custody fee |
$50 per year per position |
Restricted stock |
$150 per year per position |
| Contact Information | |||
|---|---|---|---|
| Mailing Address | Charles Schwab Bank 5190 Neil Road, Suite 100 Reno, NV 89502-8532 |
Phone Phone Hours |
1 866-232-9890 1 800-435-4000 24 hours a day, 7 days a week |
| Website | www.schwab.com |
Fax | |
| Charles Schwab Reviews (13) |
|---|
Charles Schwab Review
I have used Charles Schwab for almost 5 years now, and I find their services to be above par. The trading fees are somewhat higher than their rivals, however, their customer support is very...more
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Run of the Mill
If you're looking for a decent middle of the road broker, with moderate fees, and a little advice you've found it.
|
High margin rates
Schwab's best margin rate is 6%. Etrade, for comparision, is 4%. When T-bills are yielding less than 1%, getting 6% for a fully secured, riskless loan is usurious.
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