About Schwab's Debit Card
In addition to brokerage and investment services, Charles Schwab offers banking features, including a
Schwab Bank Visa® Platinum Debit Card with several useful benefits. Here are the main details.
Using the Schwab Debit Card
The Schwab Bank Visa debit card can be used to make purchases anywhere Visa is accepted and to withdraw cash from ATMs around the world. Cardholders also receive several helpful security and convenience tools:
- Contactless payments
- Mobile wallet access
- Banking and transaction alerts
- Card lock/unlock
- Fraud two-way text alerts
- Travel alerts
- Schwab Security Guarantee
- Unlimited ATM fee rebates for eligible cash withdrawals worldwide
Account Requirements
To get the Schwab Bank debit card, you must have a Schwab Bank Investor Checking account connected to a Schwab One brokerage account. Schwab requires a linked brokerage account for Investor Checking, but the brokerage account has
no minimum balance requirement, no minimum balance charges, no minimum trade requirements, and no funding requirement when opened with a linked Investor Checking account. Both accounts can be opened together.
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How to Get the Debit Card
If you do not already have a Schwab account, start by clicking
the orange-brown account opening button that appears throughout Schwab's website. Choose the Schwab Bank Investor Checking account option. If you already have a brokerage account, you can also print and mail paper forms.
Existing Schwab investing customers can sign in and apply online for a Schwab Bank Investor Checking account.
You will need to fund the new bank account before Schwab sends the debit card. After that, the card and linked account can be managed through Schwab's website or mobile app.
Card Limits
The Schwab Bank Visa debit card has the following spending and withdrawal limits:
Daily Cash Withdrawal Limit: $1,000
Daily Purchase Limit: $15,000
The cash limit applies to ATM withdrawals, bank-teller withdrawals, and cash-back purchases. You may request a higher purchase limit up to your available bank balance, but approval is required.
Ordering Checks
When you open a Schwab checking account, complimentary checks can be sent after you fund the account with a
minimum of $100. These checks are not subject to the same daily purchase limits as the debit card.
Card Management
Schwab's website and mobile app can be used to manage the debit card. On the website, go to the debit card and checks area to access card services such as debit card alerts, travel notices, card locking, and card replacement.
Fees and Requirements
The Schwab Bank Investor Checking account has
no monthly service fees, no account maintenance fees, no activity fees, and no minimum balance requirement. Some optional services, such as outgoing wires, custom check orders, or rush delivery, may come with fees.
The card has
no foreign transaction fees and provides refunds for eligible ATM fees worldwide on cash withdrawals, which can make it helpful for international travel. ATM rebates do not cover every possible ATM-related cost, such as dynamic currency conversion charges or fees for transactions other than eligible cash withdrawals.
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Updated on 6/2/2026.
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