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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 JumpCrisscross on Thursday October 03, 2019 @09:04AM (#21146465)
> * Wire transfers in the US are expensive for most checking accounts*

They’re free to and from Fidelity accounts. I’d guess the same for Schwab accounts.

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by brewdad on Thursday October 03, 2019 @10:02AM (#21147017)
Are you talking wire transfers or ACH payments? ACH is typically a much slower method of transferring money (1-5 business days) though it is generally free to do so. ACH also carries all of the risks associated with checks save the risk of losing a piece of paper before you can deposit it.

Wire transfers can happen almost immediately but typically cost $20-40 for one, or sometimes both, parties involved.

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by JumpCrisscross on Thursday October 03, 2019 @10:56AM (#21147743)
> Are you talking wire transfers or ACH payments?

Wire transfers [1]. (For most business accounts, wire transfers are also free.)

[1] https://www.fidelity.com/cash-management/bank-wires

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Re:Schwab Removes U.S. Stock, ETF and Options Commissions by manigandham on Thursday October 03, 2019 @06:06PM (#21152758)
Most banks allow you to transfer between accounts at the same bank for free, and faster than ACH transfers because they can settle it quickly when its internal.
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