Schwab Removes U.S. Stock, ETF and Options Commissions

Re:Schwab Removes U.S. Stock, ETF and Options Commissions by ac29 on Wednesday October 02, 2019 @10:32PM (#21143011)

Agreed, my credit union does all those things and pays 10x more interest than Schwab (2% vs 0.20%). That being said, its easy enough to get ~2% in a money market as well, so there's no compelling reason to keep more than a few months expenses in a checking account.

If you're with one of America's 4 largest banks (Chase, Bank of America, Citigroup, Wells Fargo), expect a bad time.

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by aditya on Wednesday October 02, 2019 @10:34PM (#21143023)

What credit union is this? Didn’t realize there were any that reimburse worldwide ATM fees...

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by StudentStuff on Thursday October 03, 2019 @02:07AM (#21144185)

First Tech and BECU both do this, pretty sure the smaller credit unions like Verity and People's CU also reimburse ATM fees and offer high yield checking & savings accounts.

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by hawaiianbrah on Thursday October 03, 2019 @07:46AM (#21145876)

I don’t think First Tech refunds ATM fees worldwide. Only at CO-OP Network ATMs which are in the US.

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by brewdad on Thursday October 03, 2019 @10:51AM (#21147652)

First Tech does not reimburse ATM fees worldwide. Unless things have changed in the last year, they do add a 1% transaction fee for using a foreign ATM. For this reason, I now use a Schwab checking account for international travel.

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by eatbitseveryday on Thursday October 03, 2019 @08:56AM (#21146417)

Vermont federal credit union has 2%+ interest and ATM fee reimbursement with their “rewards” checking account.

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