Yeah, if you ever need cash, you need the Charles Schwab debit card. The ATM fees in Vegas on The Strip are up to $10. It’s amazing to know I’ll get it refunded every time.
I have them for years,no doubts a good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 3 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
@@skoopqueenGenerally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy..So I’ll advise you do get a good Investment advisor for yourself.
Impressive! Your investment advisor seems quite skilled. I've come across success stories of individuals enhancing their financial stability through advisors. Could you provide further details about this individual?
@@skoopqueenlook her up on the internet and leave her a message she is quite popular for her services as she was recently featured on cnn, she can work with anyone irrespective of where their located
@@stephaniefythmPersonally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.
Just make sure if you are overseas and you withdraw cash that you decline the ATM banks conversion fee and use Charles Schwab’s rate. They will only refund you their fee.
Citibank is better worldwide. I am a 10+ year Expat and already filled multiple passports. They have zero ATM fees worldwide at Citibank ATM's (I have seen them in almost every country I have been to) and they also reimburse the ATM fees off network every 30 days if you can't find one. Also zero foreign transaction fees. The issue I had with Charles Swabb is they acted funny about me being an expat and eventually limited my account and cut my debit card off. I could only wire and ACH in and out. Thats some bullshit when you are in a foreign country.
some credit unions have debit cards that are points earners, but it's like spend $4 get 1 point, and each point is only worth 1 cent for redemption on their travel portals and sometimes less for their gift cards. We have that, and I used to use this a lot... before I knew better. Also, those same credit unions, if you get a car loan, or mortgage through them, you get a ton more points... and those points can go toward lowering future loan interest rates. We have a car loan that is 2% because we redeemed like 10K-20k of their points. lol.
I got the Schwab debit card and kept my current 2% yield Discover checking and savings accounts (their customer service is EXCELLENT). However, I can easily transfer whatever $$ I need to my Schwab account and withdraw what I need. It's basically just a door to fee free cash, and best of all I keep a minimum amount of my money exposed to fraud on my Schwab card!
I have started using my schwab account as my primary account now. I still keep some funds at a local credit union just in case. I throw all my savings at Schwab's money market funds that pay a higher yield than most savings accounts.
@@RespectfullyCurious But you have to manually do the transaction right? With Fidelity you automatically go in the high yield money market fund paying 5%
I love Charles Schwab. I have the debit card, and I take everywhere I travel. I primarily travel to South America and Asia, and 90% of the countries are cash societies, so the no fee atm really helps. The customer service is also great. I actually forgot my debit card at home once, and they managed to ship a new debit card to my Air B&B in Hanoi for free. That was legit!
Lesson I learned from his previous videos: If is too good to be too. It is too good to be true, remember kids you control your life. This wisely. Cheers
I've had the Charles Schwab card for 7 Years and it was the best choice I have ever made. Their customer support is amazing, I have never had a transaction declined when I needed it, and I have gotten 300 dollars of ATM fee's back
Dude YES. The Charles Schwab debit card is the king of debit cards no doubt 👑 No ATM fees worldwide is an insane perk! Thanks for sharing this with people John.
@@johnsfinancetips No ATM fees worldwide debit card is also offered by betterment, fidelity, wealthfront, and many other cash management accounts offered online, am I wrong??????
A Capital One 360 account. Such as Capital One 360 checking. You will not be charged foreign transaction fees for using your debit card in other countries regardless, if you’re purchasing something or using the ATM.
Awesome video. That really answered all the questions I had about the account. Your suggestion to only use it as a travel debit and still keep my regular checking was mind blowing and just the thing I needed to hear. Will definitely sign up for this!
I'm not familiar with USAA but in their page they say it's up to $10 in rebates, in his example he said $20 on a casino, that would still charge you $10, right?
Use this all the time when I travel abroad and I also like investing through their app and I have the AMEX Platinum Schwab so I love the entire economy👍🏽👍🏽
Do you have a video, or can we get one on the buy borrow die strategy? I was using Schwab, but started also using Merrill because I thought Schwab didn't do that lending.
Best Debit card for traveling. As long as you withdraw in (home currency at ATM) The country you are traveling. Even if the machine tells you " are you sure bla bla" you'll thank me later.
Great question Chris - unfortunately, you can't deposit cash as it's not a traditional "retail" bank. You can only deposit via other bank transfers. Hope that helps!
Fidelity's CMA is better in the US as the fees are refunded in a few days, not at the statement close and you don't have to deal with CS's awful interfaces. The CMA can also get 4.96% yield with SPAXX. I do have a CS account for foreign affairs though.
When my son uses my Charles Schwab debit card today in the Philippines, there's a selection Visa Debit or US Debit. What is this for? Which one should we choose?
Is there a hard pull associated with opening one of these accounts? When I was reading the fine print before finishing my application, Schwab says they will “initiate an inquiry via a credit reporting agency”. I put the pause on applying because I have a few hard recently from credit cards and dont want to waste another on a debit card. Thanks for any insight!
Schwab stopped doing hard pulls on credit reports a little while ago. They should only do soft pulls now. Nothing shows up on my reports as a data point. Do note that they pull Chexsystems though.
One important thing to notice about deposing check with them, you are considered a new account for up to 6 months. Witch means it will take 5-10 business day to process your check, they will make a small portion available, i think 250 but it’s very annoying. Still i like the card and customer service has been decent, so i will stick it out.
What happens when you are leaving the country and want to deposit the cash back do you go back to any atm to deposit it? Or are there physical locations?
You can’t deposit cash into a Schwab account - that’s why I recommend having it paired to another account. The primary purpose of Schwab for me is cash access. Hope that helps!
Yup exact same, just a few small updates but the biggest being that it's just easier to apply for! Haha I'm glad someone caught it! Thanks for the comment William!
It takes like 3-5 days when you just open the account. I opened my Charles account about 1 month ago. And I still get long hold periods. I feel like it takes like 4-5 days for me for a normal transfer. I read on Reddit the transfer speeds increase the longer the amount is open. Other than that it’s Amazing card. But I personally would not use it as my main bank account but it’s an amazing secondary account. I use this at casinos all the time. But I use Zelle to transfer from my Wells Fargo account to this Schwab.
@@johnsfinancetips yeah that’s what I meant but as a question lol my bad I have the Amex platinum and Chase Sapphire going to go for venture x soon but been screwing myself over in everyday purchases without having the gold and flex, so those are next in line after the chase IHG comes in the mail this week. Could you please do more videos on using chase and Amex points for luxury flights and best interest rates for savings 💰🙏🏼 thank you very much and have a great evening!
That’s great advice, I’m heading to Thailand for three months this winter and was thinking of doing this ,.. can I ask,.. is there a max limit on how much you can take out per day ?, and could you tell me if I do get one, do I have to notify them whenever I leave the country as I’ll be visiting several other countries …. Thank you
I just tried to open a Charles Schwab checking account yesterday but my account was closed due to my TransUnion or Equifax (I don't remember which one they said) report?? And they couldn't tell me why. Does anyone know what they require credit-wise? I am so confused and don't know how to fix it.
They check your credit report, if they see something they don't like then they just close you out. You can call Schwab's support staff [24/7] but sometimes these processes are automated and the reps might not have insight as to why a certain system processes something and what the variables are.
Well interesting with my debit card i get points that can be changed to money to pay anything i want, I have full fraud protection... And then I use my credit card to only make a credit profile. How different its that in the USA.
Am I the only one that’s extremely annoyed with Sofi? Everyone keeps saying that you can put money into your savings account. It automatically divided up into your vault and that’s not true. It only does that with direct deposits just like every other fucking bank does.
I have had nothing but praise for CS until they informed me that because being a US citizen living in the Philippines I will no longer be able to use my debit card, purchase securities or deposit funds into my account. I understand the same holds true for those in Italy, France and Singapore. Schwab has gone from hero to zero by doing this. To make things worse no one will tell us what are the specific reasons for this action. Beware folks they can what ever they want.
How did they know you are living in the Philippines, did you tell them that? When it comes to financial instiitutions, if you move out of the US and want to keep the accounts open, it's best to not tell them and just keep a US address on file. Otherwise accounts may be shut down.
@@uhmerrykan When I opened the account living in the PI was no problem. Out of the blue expats living here, Italy, France were all given the boot. Falsifying information, can eventually have repercussions, Being forthright might have it's downside, but at least I don't have to remember my white lies.
With the Schwab debit card when traveling outside the USA you will get the best exchange rate at any ATM? BTW you can link the debit card to your brokerage account and you don't have to have a checking account?
When you use the card, as long as you do not accept the conversion offered by the ATM, meaning decline conversion or withdraw in local currency, you’ll get the best exchange rate
My issue is that c.c. have to be paid through a checking acct... otherwise u pay another fee on wire transfers etc.only my chase card I've been able to pay with cash at an ATM I'd love to find another c.c. with no annual fees or requirements and can still dept with cash at an atm.... anyone with suggestions ?
Anyone from Europe here with this card? If I want to sign up for the free debit card (and do not put money in my brokers account). When I want so sign up for an account they take me to an international site and says that the minimum investment for opening an account is US$25,000...
I've got a high yield savings account where I park a majority of my money. My credit union is still paying a measly .1% interest on their savings so it's time to move all money from those accounts. Since TD Ameritrade was bought out by Schwab, all my investments will be moved over. I figure now is the time to close the credit union and finally be done with them.
I recommend exploring other options. My credit union is usually on par with most of the big names in terms of high yield savings. I keep "just in case" money there. I recommend looking into online savings accounts like Marcus by Goldman, Ally, and Capital One. Alternatively, what I also do is throw money into a money market fund within Schwab and it yields higher interest than pretty much every HYSA I've seen so far.
No, CS dont do credit check but I recommend have it unfreeze for a day or two when you apply. I remember I applied for a savings account with CS while my credit frozen and got denied due to chex system being bad. I guess if you have a good chex credit you wont have a problem.
hey John I have a cpc account and it also gives me no atm fee world wide and I am taking a trip to Thailand next March. I was thinking of using my card to pull out money from the atm there instead of doing the exchange but I was wondering if the banks there would give you the true exchange rate or can the bank just make up their own exchange rate?
Just so people know. Credit cards ARE NOT GOOD FOR ANYONE ON SSI. You will lose your SSI or it will be greatly reduced due to all the ability to get money back or over draw. Also, debit is actually better than credit cards because it deals with REAL cash. Unlike credit cards. This is also, why more business, all ATMs and nearly all money transfer places are requiring you to actually have cash and not credit. Credit also actually ruins your credit! In short. Do not get any credit card! If it doesn't require real cash to back it up, then it is just going to get you into debt and ruin your credit score. Especially in today's world! People are starting to transition out of allowing credit.
Yeah, if you ever need cash, you need the Charles Schwab debit card. The ATM fees in Vegas on The Strip are up to $10. It’s amazing to know I’ll get it refunded every time.
Keep in mind this is a Visa Platinum card as well, so all purchases will be handled as such, like purchase protection, extended warranty, etc.
I have them for years,no doubts a good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 3 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made
Nice one Stephanie .Any investment tip?. I would love to know how you made it this far
@@skoopqueenGenerally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her.
She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy..So I’ll advise you do get a good Investment advisor for yourself.
Impressive! Your investment advisor seems quite skilled. I've come across success stories of individuals enhancing their financial stability through advisors. Could you provide further details about this individual?
@@skoopqueenlook her up on the internet and leave her a message she is quite popular for her services as she was recently featured on cnn, she can work with anyone irrespective of where their located
@@stephaniefythmPersonally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.
Just make sure if you are overseas and you withdraw cash that you decline the ATM banks conversion fee and use Charles Schwab’s rate. They will only refund you their fee.
yea ppl should be using this option all the time regardless of cards!
@@bahamasc How to do to decline the ATM conversion fee? And be able to use the Charles Schwab’s rate
Citibank is better worldwide. I am a 10+ year Expat and already filled multiple passports. They have zero ATM fees worldwide at Citibank ATM's (I have seen them in almost every country I have been to) and they also reimburse the ATM fees off network every 30 days if you can't find one. Also zero foreign transaction fees. The issue I had with Charles Swabb is they acted funny about me being an expat and eventually limited my account and cut my debit card off. I could only wire and ACH in and out. Thats some bullshit when you are in a foreign country.
@Aaron Lopez I have a gold and a Priority account. I can confirm both of them no fees as stated above in my comment. Not sure for the rest
some credit unions have debit cards that are points earners, but it's like spend $4 get 1 point, and each point is only worth 1 cent for redemption on their travel portals and sometimes less for their gift cards. We have that, and I used to use this a lot... before I knew better. Also, those same credit unions, if you get a car loan, or mortgage through them, you get a ton more points... and those points can go toward lowering future loan interest rates. We have a car loan that is 2% because we redeemed like 10K-20k of their points. lol.
I got the Schwab debit card and kept my current 2% yield Discover checking and savings accounts (their customer service is EXCELLENT). However, I can easily transfer whatever $$ I need to my Schwab account and withdraw what I need. It's basically just a door to fee free cash, and best of all I keep a minimum amount of my money exposed to fraud on my Schwab card!
You're executing the Schwab card strategy perfectly!!! Well done!!
I have started using my schwab account as my primary account now. I still keep some funds at a local credit union just in case.
I throw all my savings at Schwab's money market funds that pay a higher yield than most savings accounts.
SWVXX has 3.76% now. It's more then discover bank.
Customers Bank savings account with Maxmyinterest pays 4.11% currently
@@RespectfullyCurious But you have to manually do the transaction right? With Fidelity you automatically go in the high yield money market fund paying 5%
I have this and about to switch fully to Charles Schwab once my Bank of America checking runs out at 25 years old. I've had Schwab for 6 years too.
Charles Schwab customer service treats you like a King too. All their representatives are very nice in my experience when I call in.
Seriously!!! It’s so under rated
I’m getting this debit card because I’m sick and tired of paying the ATM fee at the dispensary. Thank you for the video!
Broo if that ain’t the fucken truth haha
Doesn't your dealer take plastic?
Great information! Thank you for sharing!
I love Charles Schwab. I have the debit card, and I take everywhere I travel. I primarily travel to South America and Asia, and 90% of the countries are cash societies, so the no fee atm really helps.
The customer service is also great. I actually forgot my debit card at home once, and they managed to ship a new debit card to my Air B&B in Hanoi for free. That was legit!
Same!!
Woke ESG company. F that.
it's strange, the debit card has price protection, extended warranty, purchase protection, etc. I've never seen that in a debit card.
I have the debit card and it is AWESOME. Literally the best checking account I've ever seen.
Lesson I learned from his previous videos: If is too good to be too. It is too good to be true, remember kids you control your life. This wisely. Cheers
I've had the Charles Schwab card for 7 Years and it was the best choice I have ever made. Their customer support is amazing, I have never had a transaction declined when I needed it, and I have gotten 300 dollars of ATM fee's back
Dude YES. The Charles Schwab debit card is the king of debit cards no doubt 👑 No ATM fees worldwide is an insane perk! Thanks for sharing this with people John.
For sure!! So glad they've made it easier to open as well!
@@johnsfinancetips Agreed man! It was so simple for me to do so last year and it's about time someone made an updated video on it!
@@johnsfinancetips No ATM fees worldwide debit card is also offered by betterment, fidelity, wealthfront, and many other cash management accounts offered online, am I wrong??????
😂😂😂😂😂😂
Plus you get some apy
And why exactly shouldn’t you be day trading? 11:31
A Capital One 360 account. Such as Capital One 360 checking. You will not be charged foreign transaction fees for using your debit card in other countries regardless, if you’re purchasing something or using the ATM.
I got it before my trip overseas! I cannot believe this even exists!
Awesome video. That really answered all the questions I had about the account. Your suggestion to only use it as a travel debit and still keep my regular checking was mind blowing and just the thing I needed to hear. Will definitely sign up for this!
I was waiting for this video! I'll go for popcorn🍿!!
Technically not the best debit card. I get the same from USAA with no fees or exchange rate fees.
I'm not familiar with USAA but in their page they say it's up to $10 in rebates, in his example he said $20 on a casino, that would still charge you $10, right?
Use this all the time when I travel abroad and I also like investing through their app and I have the AMEX Platinum Schwab so I love the entire economy👍🏽👍🏽
How does Schwab checking/debit card compare to the American Express one?
video starts at 4:37. you're welcome.
I’m a navy federal user si I just them and so far the always refund me the atm fees from different parts that I have been
Do you have a video, or can we get one on the buy borrow die strategy?
I was using Schwab, but started also using Merrill because I thought Schwab didn't do that lending.
Best Debit card for traveling. As long as you withdraw in (home currency at ATM) The country you are traveling. Even if the machine tells you " are you sure bla bla" you'll thank me later.
Do you guys know if I can deposit cash into my Schwab account at an atm? Or it has to be bank to bank transfer or direct deposit? Thanks
Great question Chris - unfortunately, you can't deposit cash as it's not a traditional "retail" bank. You can only deposit via other bank transfers. Hope that helps!
Fidelity's CMA is better in the US as the fees are refunded in a few days, not at the statement close and you don't have to deal with CS's awful interfaces. The CMA can also get 4.96% yield with SPAXX. I do have a CS account for foreign affairs though.
Thankfully you let us know your review is honest.
Exelente tu orientacion sobre este Banco. Muy interesante.
When my son uses my Charles Schwab debit card today in the Philippines, there's a selection Visa Debit or US Debit. What is this for? Which one should we choose?
Your videos get me excited and proactive about my finances.
But you cannot deposit cash to it.
thank you for this. It wasn't on my radar and I will definitely need it.
I just signed up for this and can’t wait to get it. On the fraud issue, it says the app has a lock feature. So, I’m excited for that.
Awesome video!!
Do you NEED to be an investor for the debit card? (for example, applying etc), will it report to the IRS as a investor account?
Is there a hard pull associated with opening one of these accounts? When I was reading the fine print before finishing my application, Schwab says they will “initiate an inquiry via a credit reporting agency”. I put the pause on applying because I have a few hard recently from credit cards and dont want to waste another on a debit card. Thanks for any insight!
No hard pull got mine a month ago
Schwab stopped doing hard pulls on credit reports a little while ago. They should only do soft pulls now. Nothing shows up on my reports as a data point. Do note that they pull Chexsystems though.
The only downside is that you cannot deposit cash, just through checks & direct deposit. Other than that it’s a great debit card
Get a local bank that offers checks and write yourself a check
@@Trezn Thats a good idea friend!
No ATM fees in Las Vegas as well. Level up 🚀🚀
Now if Schwab can come out with a credit card other than Amex
One important thing to notice about deposing check with them, you are considered a new account for up to 6 months. Witch means it will take 5-10 business day to process your check, they will make a small portion available, i think 250 but it’s very annoying. Still i like the card and customer service has been decent, so i will stick it out.
It's worth sticking with them, my limit is now higher than any other bank and deposits are available almost immediately!
Such a great video! Got me sold. Thank you!!
Would it be possible if I use Charles Schwab as a everyday use like direct deposit account??
Does it do two days early pay?
do you get reimbursed any conversion fees if you withdraw USDs from a European ATM?
What happens when you are leaving the country and want to deposit the cash back do you go back to any atm to deposit it? Or are there physical locations?
You can’t deposit cash into a Schwab account - that’s why I recommend having it paired to another account. The primary purpose of Schwab for me is cash access. Hope that helps!
Hey John can you make video on Mortgages , Types And getting approved .
I'll dial it up - what specifically do you want to know
That’s a good topic to speak about, what are the best home loan banks or lenders for first time buyers this coming 2023? Thanks
How does Schwab compare to fidelity debit card?
What banks are giving 3% on a checking account? Been meaning to get out of chase but I don’t like the current options.
I think redneck bank is doing 4% right now on their checking account
I believe Capital One it's giving 3% APY
Is this the same card like the white CS Debit card you posted a year ago? I see you have (6yr update) here
Yup exact same, just a few small updates but the biggest being that it's just easier to apply for! Haha I'm glad someone caught it! Thanks for the comment William!
If I report fraud on my bank account/debit card and I have to pay or lose any portion of the money. I will switch banks asap.
How long does it take to transfer money from an external account? And can we use zelle to transfer money quickly?
it's been taking about 3 business days to transfer money
It takes like 3-5 days when you just open the account. I opened my Charles account about 1 month ago. And I still get long hold periods. I feel like it takes like 4-5 days for me for a normal transfer. I read on Reddit the transfer speeds increase the longer the amount is open. Other than that it’s Amazing card. But I personally would not use it as my main bank account but it’s an amazing secondary account. I use this at casinos all the time. But I use Zelle to transfer from my Wells Fargo account to this Schwab.
@@theholt2ic219 Yeah I'd say Zelle is A Lot Faster
Freedom Flex and Amex Gold best every day cards? What’s the best interest rate for a savings account? AMEX has high yield with 3% 🤷🏼♂️ thanks!
Why not both? Gold at 4x for grocery and restaurant and Flex to catch other categories in 5% rotations
PrizePool 4% plus prizes
Current 4% up to $6k
DCU 6.17% up to $1k
@@johnsfinancetips yeah that’s what I meant but as a question lol my bad I have the Amex platinum and Chase Sapphire going to go for venture x soon but been screwing myself over in everyday purchases without having the gold and flex, so those are next in line after the chase IHG comes in the mail this week.
Could you please do more videos on using chase and Amex points for luxury flights and best interest rates for savings 💰🙏🏼 thank you very much and have a great evening!
@@financialgymnastics3876 thanks! I‘ll look into that
That’s great advice, I’m heading to Thailand for three months this winter and was thinking of doing this ,.. can I ask,.. is there a max limit on how much you can take out per day ?, and could you tell me if I do get one, do I have to notify them whenever I leave the country as I’ll be visiting several other countries …. Thank you
I didn't see Link in the description for this card
Video actually starts at 4:37
I just tried to open a Charles Schwab checking account yesterday but my account was closed due to my TransUnion or Equifax (I don't remember which one they said) report?? And they couldn't tell me why. Does anyone know what they require credit-wise? I am so confused and don't know how to fix it.
They check your credit report, if they see something they don't like then they just close you out. You can call Schwab's support staff [24/7] but sometimes these processes are automated and the reps might not have insight as to why a certain system processes something and what the variables are.
Well interesting with my debit card i get points that can be changed to money to pay anything i want, I have full fraud protection... And then I use my credit card to only make a credit profile. How different its that in the USA.
NO,you don’t need a credit score to purchase a home.A debit card is all I need.
Wait then how do I accept direct deposit if I don’t have a debit cart checking and savings?
Am I the only one that’s extremely annoyed with Sofi? Everyone keeps saying that you can put money into your savings account. It automatically divided up into your vault and that’s not true. It only does that with direct deposits just like every other fucking bank does.
What's a good debit card for someone who doesn't travel and isn't old enough to get a credit card
Omg my only debit card I use!!! Comes in handy especially when I travel
Another great vid, would love you to pick apart some Canadian products!
Thanks for the suggestion! But unfortunately I'm not in the Canadian market :(
I have had nothing but praise for CS until they informed me that because being a US citizen living in the Philippines I will no longer be able to use my debit card, purchase securities or deposit funds into my account. I understand the same holds true for those in Italy, France and Singapore.
Schwab has gone from hero to zero by doing this. To make things worse no one will tell us what are the specific reasons for this action. Beware folks they can what ever they want.
What?! That changes everything! 😲
How did they know you are living in the Philippines, did you tell them that? When it comes to financial instiitutions, if you move out of the US and want to keep the accounts open, it's best to not tell them and just keep a US address on file. Otherwise accounts may be shut down.
@@uhmerrykan When I opened the account living in the PI was no problem. Out of the blue expats living here, Italy, France were all given the boot. Falsifying information, can eventually have repercussions, Being forthright might have it's downside, but at least I don't have to remember my white lies.
With the Schwab debit card when traveling outside the USA you will get the best exchange rate at any ATM? BTW you can link the debit card to your brokerage account and you don't have to have a checking account?
When you use the card, as long as you do not accept the conversion offered by the ATM, meaning decline conversion or withdraw in local currency, you’ll get the best exchange rate
What about sending money abroad? Is the conversion rate competitive?
This is like EQ BANK debit card, no atm fee, no transaction fee
My reaction in the first couple seconds: "did he just rip a $100 bill?" *rewinds back to **0:00* "omg he did!!" 🤯
Did you actually ripped that 100 dollar bill in half???
the ATM Fee cash back Schwab feature works domestically too..
I'd liked to learn more about this Buy Borrow Die Strategy
My issue is that c.c. have to be paid through a checking acct... otherwise u pay another fee on wire transfers etc.only my chase card I've been able to pay with cash at an ATM I'd love to find another c.c. with no annual fees or requirements and can still dept with cash at an atm.... anyone with suggestions ?
It's unlimited* ATM fee refund with an asterisk, they do kick people out for using it too many times
Is this available for non-US residents?
Hello, is the Charles Schwab support only US resident ?
Hello…is there a limit, like maximum deposit? Maximum with draw daily? Maximum amount on this card?
If we don't have a debit card how do we pay the credit card??
Direct to checking or savings account
he didn’t say not to have one, he said not to spend on it well obviously except the credit card bills
Anyone from Europe here with this card? If I want to sign up for the free debit card (and do not put money in my brokers account). When I want so sign up for an account they take me to an international site and says that the minimum investment for opening an account is US$25,000...
Is the brokerage Checking debit card looks the same? And has similar benefits?
Do you have to be a US citizen to apply?!
I've got a high yield savings account where I park a majority of my money. My credit union is still paying a measly .1% interest on their savings so it's time to move all money from those accounts. Since TD Ameritrade was bought out by Schwab, all my investments will be moved over. I figure now is the time to close the credit union and finally be done with them.
I recommend exploring other options.
My credit union is usually on par with most of the big names in terms of high yield savings. I keep "just in case" money there. I recommend looking into online savings accounts like Marcus by Goldman, Ally, and Capital One. Alternatively, what I also do is throw money into a money market fund within Schwab and it yields higher interest than pretty much every HYSA I've seen so far.
Why are they doing credit checks for a debit card?
Do they do a hard pull on your credit? I have all my bureaus frozen and wondering if I need to unfreeze
No, CS dont do credit check but I recommend have it unfreeze for a day or two when you apply. I remember I applied for a savings account with CS while my credit frozen and got denied due to chex system being bad. I guess if you have a good chex credit you wont have a problem.
Which card can I use in my country Serbia.
What checkings account give high APY
Can you confirm or deny if Schwab still does hard pulls for this account?
They used to hard pull. But no longer. Thanks for the question!
My Morgan Stanley debit card have the same benefits 🎉
What do you think of Discover checking account?
What’s your referral code man?
can someone from the Philippines open a Charles Schwab debit card? is there a maximum withdrawal per day like $100,000?
hey John I have a cpc account and it also gives me no atm fee world wide and I am taking a trip to Thailand next March. I was thinking of using my card to pull out money from the atm there instead of doing the exchange but I was wondering if the banks there would give you the true exchange rate or can the bank just make up their own exchange rate?
is Schwab a good starter card?
I have utilities that charge for using a credit card and only accept ACH or check payments. Is there a way to earn points via ACH or check?
what are the exchange rates when using the CS card in a foreign country? I wouldn't be any good if they have terrible exchange rates.
Just so people know. Credit cards ARE NOT GOOD FOR ANYONE ON SSI. You will lose your SSI or it will be greatly reduced due to all the ability to get money back or over draw.
Also, debit is actually better than credit cards because it deals with REAL cash. Unlike credit cards. This is also, why more business, all ATMs and nearly all money transfer places are requiring you to actually have cash and not credit. Credit also actually ruins your credit!
In short. Do not get any credit card! If it doesn't require real cash to back it up, then it is just going to get you into debt and ruin your credit score. Especially in today's world! People are starting to transition out of allowing credit.
So if you work at Walmart what’s the best debit card you will pick ????
I wouldn't use a debit card to pay for most things, I'd use a credit card. This debit card is only good because of world wide cash access fee free
Ok I was trying to deposit my check I was looking at your video you say some banks will give you 3% back which one is it?