Charles Schwab review

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Charles Schwab Fees Schedule, IRA Accounts Rates, Margin Interest Rates, Cash Sweep, Stock Trading Costs, ACAT Fee in 2015

Charles Schwab Hidden Fees

The one big problem we have noticed, is that the company didn't list all its fees correctly on its website. For example, Full Account Transfer Out Fee was $50 but the website listed it as $0, Partial Account Transfer Fee was $25 but it was listed as $0 on the website. Many other fees were nowhere to be found on their fee schedule. It looked dishonest and not fair to prospective customers. They still somehow have trouble listing the fees on the webpage, so they put them in PDF document found here.

Charles Schwab Fees, Trading Commission Structure, and Investment Products

Stocks and ETFs $8.95
Stocks and ETFs broker assisted $33.95
Stocks and ETFs phone trades $13.95
Options $8.95 + $0.75 per contract
Mutual funds $76 to buy, $0 to sell
CDs, Corporate Bonds, Municipal Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS and Mortgage-Backed Securities $1 per bond, $10 minimum, $250 maximum
Preferred Stocks and REITs $8.95
Commercial Paper and Foreign Bonds, Unit Investment Trusts call for pricing

Investments stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
Charles Schwab minimum deposit to open account $1,000

Charles Schwab Margin Interest Rates

Debit Balance Margin Rate
$0 - $24,999.99 8.50%
$25,000 - $49,999.99 8.00%
$50,000 - $99,999.99 7.00%
$100,000 - $249,999.99 6.875%
$250,000 - $999,999.99 6.75%
$1,000,000 - $2,499,999.99 6.25%
above $2,500,000 6.00%

Charles Schwab Account Activity Fees

Amount Late settlement$25
Mutual fund Online and Automated Phone short-term redemption fee$49.95
Mutual fund Broker-Assisted short-term redemption fee$49.95, plus $25 service charge
Order out of certificates (for U.S. and Canadian securities)$500 per certificate $0 per issue
Order out of certificates (for foreign securities)Physical certificates Variable fee (based on the location of the transfer agent)
Restricted stock re-registration/gifting$75 per transfer
Failure to maintain required minimum balance in certain Schwab Proprietary Non- Sweep Money Funds, including SVAI (check prospectus for minimum balance requirements) $10 per redemption

Custody Fees for Non-publicly Traded Securities

Annual maintenance fee for restricted securities$150 per position
Annual maintenance fee for other non-publicly traded securities$250 per position
Maximum of $500 per account
If applicable, fees for ineligible securities and valuation are additional.
Transaction fee$100 per transaction
Ineligible security fee$250 per year per position
Valuation fee Effective September 1, 2013: $500 per year per position valued
Non-transferable fee$1 per month per position

Note: Certain Non-Publicly Traded Securities may be exempt from certain fees. Custody fees for Non-Publicly Traded Securities are billed annually in arrears.

Charles Schwab Review and Website Link

Read full Charles Schwab Review.

Charles Schwab Fees are as of 2015 and are subject to change. For the most recent information go to their website:

Charles Schwab review

This article was updated on 7/23/2015.

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