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A comment on Schwab Removes U.S. Stock, ETF and Options Commissions. Parent comment

Re:Schwab Removes U.S. Stock, ETF and Options Commissions by astura on Thursday October 03, 2019 @12:21AM (#21143671)
You misunderstand, the cash in these accounts are kept in an FDIC sweep, so it's FDIC insured.
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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by acjohnson55 on Thursday October 03, 2019 @02:16AM (#21144225)
It's often true that the funds aren't covered until they're in the custody of the partner bank. This is the case for some of the neobank cash accounts. Not sure about Schwab tho.
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