Commission-free trading online. Same award-winning experience.

  • $0 online tradesᶦ+ $0.65 per options contract3
  • No account or trade minimums
  • No hidden fees

Open an account

Trading Fees and Commissions

  • $0

    Listed Stocks and ETFs

    online commission1,2

  • $0

    Options

    online base commission + $0.65 per contract fee3

  • $0

    Mutual Funds

    on thousands of funds from Schwab Mutual Fund OneSource4

Trading Fees and Commissions

  • Online Trades
  • Broker-Assisted Trades
  • Listed Stocks and ETFs1,2
  • Online Trades
    $0 online commission
  • Broker-Assisted Trades
    $0 + $25 service charge
  • Options3,5
  • Online Trades
    $0 online base commission + $0.65 per contract fee6
  • Broker-Assisted Trades
    $0.65 per contract + $25 service charge
  • US Over-The-Counter (OTC) Equities1
  • Online Trades
    $6.95 
  • Broker-Assisted Trades
    $6.95 + $25 service charge
  • Schwab Mutual Fund OneSource®4
  • Online Trades
    $0
  • Broker-Assisted Trades
    $0 + $25 service charge
  • All other mutual funds7
  • Online Trades
    Up to $74.95 per purchase
  • Broker-Assisted Trades
    Online pricing + $25 service charge
  • Futures8
  • Online Trades
    $2.25 per contract
  • Broker-Assisted Trades
    $2.25 per contract
  • Futures Options8
  • Online Trades
    $2.25 per contract
  • Broker-Assisted Trades
    $2.25 per contract
  • New issues, including CDs
  • Online Trades
    Selling concession is included in the offering price
  • Broker-Assisted Trades
    Selling concession is included in the offering price
  • Canadian Securities 
    (Local exchange & OTC)
  • Online Trades
    $6.95 
  • Broker-Assisted Trades
    $6.95 + $25 service charge
  • Foreign stock transactions placed on the U.S. over-the-counter (OTC) market9 
  • Online Trades
    $50 foreign transaction fee 
  • Broker-Assisted Trades
    $75 ($50 foreign transaction fee and a $25 broker assistance fee) 
  • Foreign stock transactions placed directly on local exchanges 
  • Online Trades
    Not available
  • Broker-Assisted Trades
    The greater of $100 or 0.75% of principal, with no maximum
  • Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes and TIPS
  • Online Trades
    $0
  • Broker-Assisted Trades
    $0 + $25 service charge
  • Other Secondary Trades: CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS
  • Online Trades
    $1 per bond* 
    $10 minimum 
    $250 maximum* 
  • Broker-Assisted Trades
    Online pricing + $25 service charge
  • Commercial Paper, Foreign Bonds, Asset-Backed Securities, Mortgage-Backed Securities, Collateralized Mortgage Obligations, and Unit Investment Trusts
  • Online Trades
    These are specialty products. Please contact us at 800-626-4600 for information.
  • Broker-Assisted Trades
    These are specialty products. Please contact us at 800-626-4600 for information.
  • Preferred Listed Stocks and REITs1
  • Online Trades
    $0
  • Broker-Assisted Trades
    $0 + $25 service charge 

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Account Fees and Minimums

All Account Fees and Minimums
  • Opening and Maintenance Fees† 
  • Account Minimums
  • Brokerage (Individual and Joint) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • IRA (Traditional, Roth, or Rollover)10 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Bank Investor Checking linked to a Schwab One® Brokerage11
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Bank Investor Savings™ 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Global Account™12 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab One® Trust 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab One® Estate 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Charitable™13 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $5,000
  • 529 College Savings14 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Education Savings 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab One® Custodial (UGMA/UTMA) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Individual 401(k) Plan 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Inherited IRA/Inherited 401(k) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Schwab Personal Choice Retirement Account® (PCRA)
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • SEP-IRA 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • SIMPLE-IRA 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Personal Defined Benefit Plan 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Business 401(k) 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0
  • Company Retirement Plan 
  • Opening and Maintenance Fees† 
    $0
  • Account Minimums
    $0

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Investment Management Fees and Minimums

  • Costs and Fees
  • Account Minimums
  • Schwab Intelligent Portfolios®15 
    Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below. 
  • Costs and Fees
    No advisory fee + No commissions
  • Account Minimums
    $5,000
  • Schwab Intelligent Portfolios Premium™15 
    Just as if you'd invested on your own, you will pay the operating expenses on the ETFs in your portfolio—which includes Schwab ETFs. We believe cash is a key component of an investment portfolio. Based on your risk profile, a portion of your portfolio is placed in an FDIC-insured deposit at Schwab Bank. Some cash alternatives outside of the programs pay a higher yield. See more information below. 
  • Costs and Fees
    One-time planning fee: $300 
    Monthly advisory fee: $30
  • Account Minimums
    $25,000
  • Schwab Wealth Advisory™16  
  • Costs and Fees
    Starts at 0.80%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $1 million
  • Schwab Advisor Network®17 
  • Costs and Fees
    No charge for referrals
    Fees vary by advisor
  • Account Minimums
    $500,000
  • Schwab Managed Portfolios18
  • Costs and Fees
    Starts at 0.90%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $25,000
  • Managed Account Select® Equity Strategies18 
  • Costs and Fees
    Starts at 1.00%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $100,000
  • Managed Account Select® Fixed Income Strategies18 
  • Costs and Fees
    Starts at 0.65%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $250,000
  • Wasmer Schroeder™ Strategies18
  • Costs and Fees
    Starts at 0.55%
    (Fee rates decrease at higher asset levels) 
  • Account Minimums
    $250,000
  • Windhaven® Strategies19
  • Costs and Fees
    Starts at 0.95%
    (Fee rates decrease at higher asset levels) 
  • Account Minimums
    $100,000
  • ThomasPartners® Strategies19
  • Costs and Fees
    Starts at 0.90%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $100,000
  • Schwab Personalized Indexing™ 22
  • Costs and Fees
    Starts at 0.40%
    (Fee rates decrease at higher asset levels)
  • Account Minimums
    $100,000

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Money Transfer Fees

  • Fees to Transfer 
  • Business Days to Complete
  • Online between Schwab accounts
  • Fees to Transfer 
    $0
  • Business Days to Complete
    0–1 days 
  • Online between outside accounts and Schwab investment accounts via Schwab MoneyLink®
  • Fees to Transfer 
    $0
  • Business Days to Complete
    1–2 days 
  • Schwab Mobile Deposit™
  • Fees to Transfer 
    $0
  • Business Days to Complete
    Mobile deposits submitted before 4 p.m. local time within the contiguous U.S. will be processed the same business day
  • Check
  • Fees to Transfer 
    $0
  • Business Days to Complete
    0-1 days
  • Wire
  • Fees to Transfer 
    From your Schwab investment accounts: 
    $25 per transfer; $15 if transferred online

    Into your Schwab investment accounts: 
    Depends on sending institution 
  • Business Days to Complete
    From your Schwab investment accounts: 
    0–1 days

    Into your Schwab investment accounts: 
    Depends on sending institution 
  • Direct Deposit 
  • Fees to Transfer 
    $0
  • Business Days to Complete
    N/A
  • Automatic Investment Plan20
  • Fees to Transfer 
    $0
  • Business Days to Complete
    0–1 days
  • Schwab Bank Bill Pay
  • Fees to Transfer 
    $0
  • Business Days to Complete
    1 or more business days depending on delivery

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The Schwab Satisfaction Guarantee

We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you’re not completely satisfied, we’ll refund your eligible fee or commission and work with you to make things right.**

Common Questions

There is no minimum investment needed to open a brokerage account.

There are no fees to open and maintain a Schwab account.

Online listed stock and ETF trades at Schwab are commission-free.1 Online options trades are $0.65 per contract.3 Service charges apply for automated phone trades ($5) and broker-assisted trades ($25) for stocks, ETFs, and Options. Futures trades are $2.25 per contract8 for both online and broker-assisted trades. Thousands of mutual funds through Schwab Mutual Fund OneSource4 are transaction-free for both online and automated phone trades, and a $25 service charge applies to broker-assisted trades. Non-Schwab Mutual Fund OneSource trades are up to $74.95 per purchase and $0 per redemption for online and automated phone trades. Schwab's short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab's Mutual Fund OneSource service [and certain other funds with no transaction fee] and held for 90 days or less. Schwab reserves the right to exempt certain funds from this fee, including Schwab Funds®, which may charge a separate redemption fee, and funds that accommodate short-term trading. Funds are also subject to management fees and expenses.

We believe every investor deserves to work with a firm they can count on. At Schwab, our commitment to your satisfaction is backed by a guarantee. If for any reason you're not completely satisfied, we'll refund your eligible fee or commission and work with you to make things right.** You won't find that kind of promise everywhere—but you will find it here.

No, as long as you place the trade yourself, you do not have to pay the "broker-assisted trade" fee.

Schwab Bank offers unlimited ATM fee rebates for cash withdrawals using the Schwab Bank Visa® Platinum card. Schwab Bank does not charge foreign exchange transaction fees for purchases made from your Schwab Bank Investor Checking Account with your Schwab Bank debit card.21 Learn more

Common Questions

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