Charles SchwabReviews of schwab.com

Schwab has too many corrected 1099 forms. Some come in so late that tax filing extensions are necessary. They just can’t get their act together on this point. Would recommend using another platform such as Vanguard, E*Trade, Fidelity, etc. Beyond that my experience with Schwab advisors is that their fees are not worth their insight. ETFs beat advisors consistently because fees wipe out so much of the gains. There’s plenty of information out there on it. “The Retirement Gamble” documentary and the book “The Simple Path To Wealth” by J L Collins are two great sources on smarter investing.

Small margins call of 1900.00 last week. Wired in 2k end of the week, settled today but with today’s drop, there was a small amount remaining after the Wire settled…so they liquidated $10,000 worth of a green position that was 3 months away from being a Long Term position. Even the Customer Service rep seemed a bit confused by their actions. Very unprofessional of the Brokerage and yet another reason for me to transfer out. Miss the old Scottrade days!

I've been a Schwab customer for over 10 years, and I've overlooked the quirks. The final straw for me came this week, as they denied a request to temporarily increase my zelle limits -- causing me to be late on a payment to my daycare despite the money being in my account. Their customer service didn't even bother to follow up and tell me about the denial or offer any alternatives. They've given me no options to move my own funds. It's time to switch to another bank.

I used Schwab to hold my equity awards. Never liked their trading platform, always confusing to navigate. Worse, it was always an absolute pain to move money to my outside account in my home country, several times the money transfers got bounced back, with signifcant exchange rate losses that couldnt be explained by market movements alone. Since I no longer work for the company that put my equity awards into a Schwab account I am very happy to finally close my account and relationship with Schwab.

You would think it is simple to create an investor checking account with Charles Schwab. Well, it isn't. I called in advance to determine if I needed to take any action before applying and the banking division representative said I needed to unfreeze all three credit bureaus. I did that. However, the banking division kept saying they could not get my credit reports but I knew for a fact they were open. This went on for a few days. Finally, I spoke to someone in the verification department who said the banking division was wrong. It turns out that they really did not want credit bureau reports, what the really needed was ChexSystems reports. I was trying to fund my brokerage account by doing mobile deposits, and suddenly my mobile deposits were denied. The message on the phone app was that my account was no longer eligible for mobile deposits. I have never had any trouble opening accounts at any financial institution before and this has been nothing but frustration. My checking account is still not open and my brokerage appears to be unusable. Pathetic.

Don't be fooled by many of their positive reviews here, My experience with them was terrible and I regret trying them out because I lost everything to them. Avoid them at all costs and choosing to move on with Grand scale 's trading has been the best decision so far.

I was trying to login today, the app would not let me login to my account, but diverted me to a medical alert option, I asked if there was some way to log in today, they said no. Then when transferring me, they disconnected me. So no service today at Charles Schwab. I would go back to TD Ameritrade if I could.

I was on TD Ameritrade until Schwab took over in May of 2024. Since then there have been 17 times when I couldn't logon.