Schwab offers up to $1,000 for new Investor Checking customers
By Alex Compton · Updated
Schwab offers new Investor Checking customers a $250–$1,000 bonus for depositing qualifying funds by November 10, 2026 and maintaining the required balance through December 25, 2026. Both new and existing Schwab One brokerage customers can qualify, but existing Investor Checking customers are excluded.
Open Official PageAt a Glance
What Changed
The promotion runs from October 20 through November 10, 2026 and requires opening and funding a new Investor Checking account with money transferred from an external financial institution. Existing Schwab funds and transfers between Schwab accounts do not qualify. Falling below a bonus tier for even one day from November 10 through December 25 lowers the maximum bonus. Schwab pays the bonus within one to two statement cycles after requirements are met, and the account must remain open and in good standing.
Our Take
Consider this if you can leave at least $25,000 untouched through December 25 and want the account's ATM reimbursements. Compare the bonus with the interest you would otherwise earn, since the checking account pays 0.01%; it is less appealing if you need access to the qualifying funds during the holding period.
Before You Act
- 1Confirm you do not already have an Investor Checking account.
- 2Open Investor Checking linked to a new or existing Schwab One brokerage account.
- 3Ensure qualifying external funds post by November 10, 2026.
- 4Maintain your qualifying balance through December 25 and keep the account open and in good standing until payment.