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Charles Schwab Fees, Brokerage Account Trading Commissions (2024)


Charles Schwab commissions, fees schedule, broker stock trading cost, annual and inactivity charges, online investing account pricing, and cash sweep rates.


Charles Schwab Commission Schedule


InvestmentsCommissions
Stocks and ETFs $0
Stocks and ETFs broker assisted $25
US Over-The-Counter (OTC) Equities $6.95
Options $0.65 per contract
Mutual funds $0/$49.95/$74.95 to buy, $0 to sell
Futures $2.25 per contract
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 $0
Commercial Paper and Foreign Bonds, Unit Investment Trusts call for pricing

Investments stocks, bonds, mutual funds, futures, Treasury issues, options, CDs, insurance, ETFs, futures, annuities, non-U.S. securities and ADRs, WEBs and Canadian foreign orders
Charles Schwab minimum deposit to open account $0 for cash account, $2,000 for margin account
Promotion linkCharles Schwab promotions



Charles Schwab IRA Fees


Fee Amount
Charles Schwab IRA setup fee $0
Charles Schwab annual IRA fee $0
Charles Schwab IRA termination fee $0
Charles Schwab account maintenance fee $0
Charles Schwab account inactivity fee $0
Charles Schwab outbound full account transfer (ACAT) fee $50
Charles Schwab outbound partial account transfer fee $0



Charles Schwab Margin Interest Rates


Debit Balance Margin Rate
$0 - $24,999.99 13.575%
$25,000 - $49,999.99 13.075%
$50,000 - $99,999.99 12.125%
$100,000 - $249,999.99 12.075%
$250,000 - $499,999.99 11.825%
$1,000,000+ call 877-752-9749



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Charles Schwab Annual Fee


Charles Schwab does not charge an annual fee for regular brokerage individual or joint taxable accounts. The firm also does not have an annual IRA management fee.


Charles Schwab Monthly Fee


There are no monthly fees for Charles Schwab brokerage taxable or non-taxable accounts.


Charles Schwab Maintenance Fee


Charles Schwab does not charge an annual maintenance fee for regular brokerage individual or joint taxable accounts.


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 all U.S. and some Canadian securities):
Book entry of securities held electronically at transfer agent (Direct Registration System)
$0 per issue
Order out of certificates (for all U.S. and some Canadian securities):
Physical certificates
$100 per certificate. Additional charges can apply for rush requests.
Security reorganization (voluntary, mandatory, and post-effective)$0
Transfer (out) of assets: Full $50 per account
Transfer (out) of assets: Partial $0 per account



Other Commissions


Canadian Stock Transactions$6.95
Foreign Stock Transactions (Trades placed on the U.S. over-the-counter (OTC) market)$50
Foreign Stock Transactions (Trades placed directly on a foreign exchange)Online: Not available. Broker-Assisted: The greater of $100 or 0.75% of principal, with no maximum
Non-U.S. ETFs are available for eligible non-U.S. residents as broker-assisted trades$50
Large block transactions (orders of 10,000 or more shares, or orders over $500,000)Can be eligible for special handling and/or pricing—please call us for information.
Restricted stock transactionsBroker-assisted commission pricing schedule applies for all restricted stock trades



Cashiering and Administrative Services Fees


Overnight and/or bulk deliveries $15 or more, subject to delivery speed and/or package size
Overnight Schwab-issued checks $15
Non-sufficient funds/returned item $25
Wire transfer: Outgoing$25 per transfer; $15 per transfer if submitted online
Wire transfer: IncomingNo fee



Custody Fees for Non-publicly Traded Securities


DescriptionAmount
Annual custody fee for non-publicly traded securities $250 per position
Maximum of $500 per account



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About the Author
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 25 years, and has a background in both applied math and programming.