> they refund ATM withdrawal fees

Most importantly, they do this (as well as priority mailing replacement cards) globally. I have yet to find another bank besides possibly Fidelity's checking account (?) that does this with no stated limit. It's invaluable for those who travel abroad to have access to local currencies with no hassles and a refund of all fees.

I managed to get my Schwab debit card eaten by ATMs twice in one trip once, and Schwab was able to quickly Fedex replacement cards to addresses I provided in Thailand and Hong Kong. It stopped my trip from turning into a big headache - I was really impressed.

This is the huge advantage of Schwab over other options I've explored, especially if you are a US citizen but work abroad as a digital nomad. I like CapitalOne, too, but they could not FedEx a replacement card to me when my card got eaten because of what they claimed was a security issue. Schwab could! Also, Schwab's customer service is top notch.

In my case I lost my ATM card in mid sized city in Romania and they UPS or FedExed it over really quickly.

Plus the foreign ATM fee refunds and no foreign transaction fees. It's amazing.

I'm also moving to Schwab mostly because my previous and current employer have stocks linked to that platform. TBH seems good enough for my use case (long term investing, mostly ETF)

You’re lucky! Schwab is fantastic, and I use it for all my personal banking and brokerage, but most employer 401ks have been through fidelity and others.

They even refund international ATM fees which is awesome. If you're an investor, their margin rates are usurious, though.

I think if you want favorable margin rates I'd still use Schwab for banking and M1 finance or IB for the stocks. M1 lets you use borrowed funds for whatever, at like 2% interest.

Yeah, I use IB so I'm sub-1% now. IB also lets you simply withdraw more cash than you have in your account so you can use it for whatever.

most bank do that, specially after you are over an amount in account.

The banks that do that, usually also have the worse investing options (e.g. Schwab, HSBC...)

> most bank do that

No, actually that is pretty rare. Getting unlimited domestic and international ATM fees reimbursed is not the norm.

> specially after you are over an amount in account

But that's just the point you're missing. Schwab does it at $0, not $1,000,000.

> Usually also have the worse investing options

Eh? Are we talking about the same company here? Schwab has an enormous array of investing options, given that their main business is that of a brokerage.

> HSBC

Also eh? When did HSBC become remotely competitive in the brokerage space? (And isn't HSBC winding down their US operations?)