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Charles Schwab Bank vs USAA Bank

Charles Schwab Bank is a popular brokerage with a free checking account that refunds ATM fees. How does it compare to USAA Bank? Read our comparison chart below.

 

Charles Schwab Bank

USAA Bank

SPECIAL OFFER
High Yield Investor Checking – Unlimited ATM Rebates - Learn More

Read Charles Schwab Bank Review

SPECIAL OFFER
Personal Checking Account - $200 Bonus - Learn More

Read USAA Bank Review

 

Benefits and Features

Savings
0.15% APY
  • USAA Savings and USAA Youth Savings: 0.01% APY. $25 to open.
  • USAA Performance First Savings: Earn up to 1% APY. $1,000 to open.
  • CDOffers brokered CDs from other banks. Minimum deposit of $1,000.0.05% to 2.25% APY. Terms of 91 days to 7 years. Minimum deposit of $1,000 to open.
    Checking Classic Checking, Youth Spending
    Mobile App 
    iOS & Android
    ATMsUnlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.100,000+ USAA and USAA-preferred ATMs
    Customer Service24/7 Live Customer Service (Telephone and Chat)
    • Monday - Friday: 9AM - 5PM (ET)
    • Saturday: 8:30AM - 1PM (ET)
    IRA CD 0.01% APY. Terms of 182 days to 1 year. Minimum deposit of $250.
    Locations345 branches across the country. You may also open an account online.4 financial centers in Colorado, New York, Maryland, and Texas
     

    CreditDonkey® Reviews

    SavingsStarStarStarStarEmpty StarStarStarHalf StarEmpty StarEmpty Star
    CheckingStarStarStarStarEmpty Star
    Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
    Customer ServiceStarStarStarStarHalf StarStarStarStarEmpty StarEmpty Star
    FeesStarStarStarHalf StarEmpty Star
    Pros & ConsPros:
    • No account minimum
    • No service fees
    • Refund all ATM fees
    Cons:
    • Only checking or savings
    • Must do banking online
    Pros:
    • $0 monthly fees
    • Free bank card
    Cons:
    • Low APY
    • Not available for all
    Bottom LinePopular brokerage with a free checking account that refunds ATM fees... Read full reviewSavings account with low rate and limited availability... Read full review

    Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

    Charles Schwab Bank: Pricing information from published website as of 03/24/2025.

    USAA Bank: Pricing information from published website as of 03/29/2025.

    Which is Better: Charles Schwab Bank or USAA Bank?

    Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Charles Schwab Bank or Chase.

    In short: Charles Schwab Bank's savings and customer service are notable.


    Articles on Charles Schwab Bank

    Charles Schwab Bank Review

    Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

    Charles Schwab High Yield Savings

    Charles Schwab Bank has a savings account with no fees and a free debit card. But how does its APY stack up against other accounts?

    Charles Schwab Routing Number

    You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

    Articles on USAA Bank

    USAA Routing Number

    USAA only has one routing number: 314074269. Learn what you need it for and other ways to transfer money.

    USAA Savings Account Interest Rate

    Looking to open a savings account with USAA Federal Savings Bank? Read on to learn what rates are being offered.

    USAA High Yield Savings

    USAA Bank boasts a savings account with an adequate rate and no fees. But you may not be eligible to get it. Read on to find out.

    Which Do You Think is Best?





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