Brokerage Account With Debit Card Takeaways
• Charles Schwab offers a Visa Platinum debit card among its financial products.
• You need both a bank account and brokerage account to get Schwab's debit card.
• The Schwab debit card has
no fees and no minimum balance requirements.
About Schwab's Debit Card
Along with investment services, Charles Schwab provides banking services including a Visa Platinum debit card with many benefits. Here's what you should know.
Using the Schwab Debit Card
The Schwab Visa debit card works anywhere that accepts Visa, MoneyPass®, or Plus® - meaning millions of ATMs and stores worldwide. Cardholders get these valuable Visa benefits:
- Extended Warranty Protection
- Purchase Security (for 90 days)
- Roadside Dispatch®
- Price Protection (for 60 days)
- Dovly Uplift™
- Travel and Emergency Assistance
- Travel Accident Insurance
- ID Navigator (Powered by NortonLifeLock)
Account Requirements
Getting the Schwab debit card requires opening two accounts. Schwab requires a brokerage account to open a bank account, which is needed for the debit card. While the brokerage account isn't linked to the card, you must open and maintain it. You can open both accounts at the same time.
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How to Get the Debit Card
To get started without a Schwab account, click
the orange-brown account opening button found throughout Schwab's website. Select checking or savings account options. You can also print and mail paper forms - here's the checking account form if you already have a brokerage account.
Existing Schwab investment customers can log in, go to the Account tab, and apply for a bank account online.
You'll need to deposit some money (any amount) into your new bank account before Schwab mails your debit card. Later, you can link additional checking accounts to the same card.
Card Limits
The Schwab Visa debit card has these spending limits:
Daily Cash Withdrawal Limit: $1,000
Daily Purchase Limit: $15,000
The cash limit applies to ATMs, bank tellers, and cash-back purchases. You can request higher purchase limits up to your available bank balance, subject to approval.
Ordering Checks
If you open a Schwab checking account, you can order paper checks. These don't have the same limits as the debit card, but require a $100 minimum balance.
Card Management
Manage your debit card through Schwab's website or mobile app. On the website, select your linked bank account to find card services like travel notifications, card locking, and lost card reporting.
Fees and Requirements
The Schwab debit card has no fees - no annual fee, no usage fees, and no shipping charges. There's also no minimum balance requirement.
The card charges 0% foreign transaction fees and refunds all ATM fees worldwide, making it ideal for international travel.
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Updated on 1/5/2026.
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