Earn up to $1,000 cash bonus
Charles Schwab is offering new Investor Checking account holders a cash bonus of up to $1,000 when they deposit qualifying new funds. The promotion runs through November 10, 2026. Bonus Tiers: Deposit $25,000–$49,999 → earn $250 Deposit $50,000–$99,999 → earn $500 Deposit $100,000+ → earn $1,000 Key Requirements: Open a new Schwab Investor Checking account linked to a Schwab One brokerage account Funds must be new-to-Schwab (transferred from an external institution) Account must be funded by November 10, 2026 Qualifying balance must be maintained through December 25, 2026 Available to new checking customers only (both new and existing brokerage clients eligible) No direct deposit required, no monthly fees, no early termination fee Credit check is a soft pull only Things to Keep in Mind: The Schwab checking account earns only 0.01% interest, so the bonus is the primary return Funds tied up for ~50–60 days translate to roughly 6.25%–7.5% APY equivalent Deposited funds must come from outside Schwab; internal transfers do not qualify The bonus is paid within 1–2 statement cycles after requirements are met May be reported on an IRS Form 1099; consult a tax advisor The Schwab checking account is also well-regarded for unlimited ATM fee reimbursements worldwide
