Schwab — Pain Points (Archive Scan)

I always travel overseas with my Schwab debit card to use for cash withdrawals. I am now in the process of running out of money on my card, and I wanted to transfer money from my usual bank account to my Schwab account. The problem is that I can't get into my Schwab account since they insist that a username and password is not enough anymore, and want to send a code to my US cellphone. The said ph…

With Fidelity and Schwab being the leading online brokers, I find it strange that uninvested cash (sweep) at Schwab earns close to 0% while uninvested cash at Fidelity earns money market returns. (Trading at Fidelity is done directly from a money market. At Schwab one first one must move the funds to cash and then trade.) My question is "how much does this hurt Schwab in their competition with Fid…

On a Friday afternoon around 4:30, my wife's account had unauthorized access and a wire transfer was issued to Bank of America. This wire was initiated when I was on the phone with another Schwab representative and I was asking this person to stop the wire. He did not take any actions. The wire was sent to Bank of America on Monday (Even though I called Friday night, Saturday and Monday morning to…

Hi all, I'm getting married in the next several months and after we buy a house later this year, we would like to integrate our finances. We are planning to use Schwab and to open several checking/brokerage accounts for our needs. I currently use Schwab for my individual accounts and she does not have any Schwab accounts. When I am logged in and attempt to open a new joint account online, it takes…

In a brokerage account, does Schwab have a way to automate percentages for multiple funds/ETFs? Let’s say I want a 3 fund portfolio broken out as: ETF 1, 50% ETF 2, 25% ETF 3, 25% If I deposit $100, is there a simple way to have that $100 automatically split into investing $50 in ETF 1, $25 in ETF 2, and $25 in ETF 3?

My plan is to use 2 brokers, one for day/swing trading and one for investing. I’m looking into these 3 and I was wondering, which of these would you recommend, which for trading and which for investing? I’ve also looked into ibkr which I may use later but the fees for Europe seem higher than the others

A couple years ago I retired from my biz and stopped adding new money to my SIMPLE IRA at Schwab. In CY 2025 I told Schwab to move everything that was in that old SIMPLE IRA over into my Rollover IRA also at Schwab. I have not received a 1099R documenting that move. Is that correct? Seems like a rollover to me. What's my documentation for the IRS that shows where that money went (and that zero of …

I know it's possible to open a brokerage account in someone's name and have their existing brokerage account transferred to the new fraudulent account. I transfered my schwab brokerage account to fidelity awhile back(now back at Schwab) and Schwab transfered the account and didn't even notify me that the account was being transferred. It seems that this is extremely irresponsible considering how e…

**Schwab's Index ETF's are as follows:** **SCHX** = Schwab's S & P 500 fund **SCHB**=Schwab's total US stock market index fund. **SCHF**= International stock market index fund (developed only) **SCHZ**= US Bond Market Index Fund **SCHR**=US Intermediate Term Treasury Index Fund. **If you prefer mutual funds**: (allows you to buy dollar amounts versus whole shares) SWPPX = Schwab's S&P500 index fun…

I have Charles Schwab and holding cash awaiting dip/correction. But unused cash in brokerage account doesn’t pay. Don’t want money to be locked up in CD. And Charles Schwab HYS is suck. Don’t want to move fund out of Schwab. Any suggestion where to part cash for the time being?

I have an old 401k from a previous employer that I am considering moving to Schwab or Fidelity. This would put me over the $500,000 SPIC insurance limit for my account. While it would be nice to manage everything with one brokerage, I'm concerned about putting all my eggs in one basket. When I asked my local Schwab representative about this, he said that Schwab has also purchased $150 million wort…

so this year i have about 30% of my trades 1256 SPX XSP index options they are all showing up correctly in my 1099s and i imported them into my Turbo Tax the total tax owed seemed about right so i filed now im looking into the 1040 and i dont see anything filed under #6781 IRS form???? did Turbo Tax screw up? did i over pay? i also have a small account from Robin Hood with some of the XSP SPX 1256…

Hey everyone, I opened a Schwab International account on Jan 31 (Saturday) and sent an international wire on Feb 2 (Monday) to fund it, but the account is still not funded. I spoke to Schwab and was told the account hasn’t been fully approved yet, so the wire will likely be cancelled and I’ll get a refund. Has anyone else been through this? How did it work out for you in terms of approval time, re…

So I have a brokerage account with Schwab and was thinking of getting Schwab's investor checking account. I know I have to contact them and fill out a form to link my existing brokerage account with the new checking account. But then I found out I can add check-writing and debit cards do my existing brokerage account. But i am not sure whats the difference other than investor checking account is o…

Seeing lots of weirdness. Intraday gain/loss totals are not calculating correctly, and history has been changed. That's all I have seen so far. Anyone else?

I never did update my account when the transition from Td Ameritrade to Schwab. So I try to log in and see how things look, and I cannot. I require a full account number. Which is not in my emails for good reason, I don't have the number at all. But it is a requirement to make a Schwab log in. Phone and email are hooked up but they will not allow this to access my account. How does this make sense…

First time to drive by this location.

Am I missing any key incentives/benefits you guys use Schwab for? 1) 100-1000 credit for Schwab Amex plat 2) rate discount with rocket mortgage 3) atm credits 4) the savings interest rate sucks but I keep my emergency fund in brokerage invested in SGOV (not really Schwab specific though)

Has anyone using Microsoft Exchange Email (Outlook.com, Live.com, MSN.com, or Hotmail.com) have issues with receiving trade notification emails. I am a Microsoft Exchange user and I have found since late last week trade confirmations are being rejected by Microsoft and being returned to Schwab. I’ve checked all my settings both on Microsoft and on schwab.com and everything looks correct. I called …

I’m trying to apply for futures trading approval at Schwab, but my Profile page seems to be missing major sections that everyone says are required. When I go to the Profile page, the only sections I see are Security Settings, Trusted Contact, Contact Information, Beneficiaries, Account Access, Margin & Options, Cost Basis Methods, Account Groups, Alerts, Alert Settings, Paperless, Streaming Quotes…

After reading Trend Following and The Little Book of Trading and other books on trend trading, plus following some of the Schwab coaches on portfolio risk management, I realized something: **Pros talk about position sizing based on risk. Tracking total portfolio "heat,"** but I couldn't find any tools does this, all there is are journals with P&L logs. I was using calculators for each trade, tryin…

Hey guys, I want to make this as **non-markety as possible** to avoid any issues with moderation! I work with the team behind **OptionsRobot**. We’ve been building a tool that connects directly to **Schwab** and helps traders **automate parts of trade execution and management** — for **both options and plain stocks**. Things like predefined entries/exits, risk rules, and reducing the manual “babys…

I’ve seen a couple posts about the Roth IRA, and I was wondering if you guys think it would make sense to transfer my Roth IRA from Schwab to RH for the match and keep my brokerage in Schwab for the platform. Just a little unsure of a decision because I’ve seen some posts about regretting switching to RH.

Can anyone explain why Schwab's Intelligent Portfolio has multiple holdings in a single asset class, e.g. "International Emerging Market Stocks - Fundamental"? And then why would it funnel the lion's share of that asset class's funding into something like PHX, with a high expense ratio of .49% instead of it's own Schwab-equivalent ETF (FNDE), which still has an inflation expenses of .39%? I'm OK w…

**Mike Townsend and Dan Stein have a conversation on WashingtonWise, a podcast from Charles Schwab** [**https://www.schwab.com/learn/story/making-sound-choices-volatile-market**](https://www.schwab.com/learn/story/making-sound-choices-volatile-market) **MIKE:** Yeah, I love that idea of how we can tell ourselves we're staying the course without making sure that we are still on the right course. On…

I have an emergency fund at Schwab just sitting in a checking account getting very little interest. I want to keep the money with Schwab. As they don’t seem to have a HYSA, is there a better place to park this cash w Schwab than the checking account? I want to prioritize simplicity.

I wanted to share my recent experience interviewing with Charles Schwab for two different tech roles and get some perspective. I interviewed for two separate positions within Schwab’s tech organization: * **Role #1:** Interview process took almost 4 weeks. This was the role I was most interested in — better alignment with my experience, responsibilities I was excited about, and overall stronger gr…

Hi all, I currently have most of my accounts with Fidelity (CMA/Taxable/2% CC), and with Schwab, I only have my Roth IRA. While I haven’t had any issues with Fidelity, I keep reading about problems people encounter with long deposit times and limited support for CMA issues since it’s under a different bank. My wife and I are planning to establish a few joint accounts, and she will be opening a Rot…

I have a taxable brokerage account at Schwab. I *don't* have any accounts at Vanguard, although there's no reason why I can't open one. Vanguard is well known for its low cost index funds, including ETFs. I've noticed it's possible to buy Vanguard funds through Schwab. I'm considering purchasing a few shares of VOO — Vanguard's popular S&P 500 ETF — through Schwab. [Schwab lists VOO's net expense …

I recently opened up an account with Schwab. I plan to use it to invest into low-risk things like mutual funds, ETFs, and just a little individual stocks. I'm not a very experienced investor. I was planning to follow general advice and put 80-90% into index funds, and 10-20% into money market / cash equivalents. When I opened my account a financial advisor with a local Schwab branch reached out to…

I have been a Schwab customer for 30+ years, and have appreciated the three financial consultants I've worked with as part of Schwab's Private Client Services. Several months ago my financial consultant at Schwab emailed me and said he was "moving to a new team" and would no longer be my advisor. Months passed and no new consultant was assigned to me. I emailed my old consultant and received no in…

37M, investing for the long term (20+ years). Currently with Schwab. No plans to touch this money anytime soon. I bought the SCHD initially for whatever reason and it has done ok, so holding onto it I think. **Roth IRA** * SWTSX – 71% * SWISX – 29% **Taxable Brokerage** * SCHX – 61% * SCHF – 25% * AVUV – 8% * SCHD – 5% No cash position. Contributions ongoing. Open to feedback, especially on overal…

My wife recently took full control of her $2M trust fund assets held at Schwab. For years, the money has been managed by Trillium Asset Management using a "values-driven" ESG strategy. While we appreciate the sentiment, the portfolio has consistently underperformed the S&P 500, and we’re tired of the performance drag and high fees. Now that the funds are hers and no longer restricted by trust rule…

[https://www.schwab.com/resource/scfr-bmu](https://www.schwab.com/resource/scfr-bmu) Schwab Center for Financial Research ▪ We expect another generally good year for bond returns this year, although returns might not be as robust as they were last year. Starting yields are lower and we see less room for bond yields to fall (and bond prices to rise) as an expected resilient economy likely will limi…

Has anybody used the Schwab Wealth Advisory Group for investing. I’m at a senior age where I would like to have my Schwab accounts handled by their advisory group. Does anybody have experience with that group related to wealth management and how did they do in handling your investments?

Any former E\*TRADE users that experienced the never ending freezes and restrictions on the E\*TRADE platform and now have no issues with using Schwab? I've had numerous freezes, restrictions, every one of them after multiple phone calls and sending documentation were cleared up because they were all legitimate and definitely normal. I just would like the perspective from anyone who made the chang…

I need to rollover about $100-150K from my 401K and SO needs to do the same with their theirs, they could even go as high as $250K for the right bonus. We also need to do our Roths for 2025. This is at an employer traditional 401K and the company does not do private retail accounts so I will not be keeping it there. We already have accounts with Fidelity and Schwab. We are happy with them (have fe…

i created a Schwab trust brokerage account and filled a paper form to request debit cards and check writing. I got debit cards but not checkbook. In Debit Cards & Checks --> Schwab One® brokerage account with checkwriting I see a link "Order checks and deposit slips". My question is are checkbooks sent automatically or we request them. Is there a way to check if they are sent after debit cards? Wh…

If im wrong please correct me but i thought i read a new checking account requires a brokerage account? I actually have five but i prefer to keep them separate. I will be traveling overseas later this summer and will need access to ATM. If someone steals my ATM card, i want to ensure they cant access my brokerage account. However, since i keep my emergency fund in SNSXX, i want to make sure i can …

I'm a first-time investor with Schwab, looking to invest $100 a month. I already have retirement accounts, and this account is for general growth over 15 years. I chatted with a Schwab representative about creating a new portfolio and was recommended the mutual funds listed below as a mix. Any feedback on the portfolios below? Has anyone used them? Schwab MarketTrack Growth Portfolio SWHGX Schwab …

Context - Using Schwab-py for streaming tick data using StreamClient. What I know so far - From what I've seen, fields that don't change with every tick such as CLOSE\_PRICE (which is previous session close) are only sent with the first tick after a symbol is subscribed. This makes sense in conserving resources on Schwab servers rather then resending fields that don't change in an intraday session…

My health plan offers a HSA option. I'd like to use this money to invest. From reading it seems like everyone recommends Fidelity's HSA. But I also notice Schwab offers a HSA brokerage account? Is the biggest difference here Schwab just allows you to pick individual stocks and Fidelity doesn't? Would I have to open a Fidelity and Schwab account if I want to use Schwabs HSA? I have a learning disab…

[https://youtu.be/uiRORnxecqY?si=PsgaGse8esbfRdkl](https://youtu.be/uiRORnxecqY?si=PsgaGse8esbfRdkl)

Does anybody know if Schwab will give a medallion signature on financial form that I am completing on behalf of my mom as POA? Tried with Bank of America and they said wouldn't do it if form is being signed by POA. Mom and I both have accounts at Schwab and I am on file as POA for my mom at Schwab.