Schwab Launches Integrated Banking and Brokerage Accounts
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Charles Schwab Bank today unveiled Schwab Bank Investor Checking(TM), an integrated cash management tool that provides investors with a seamless way to manage day-to-day cash needs and move money between their Charles Schwab Bank and Charles Schwab brokerage accounts. The new product simplifies the way investors manage their finances by offering them greater convenience and flexibility under one trusted name. Schwab Bank Investor Checking is an FDIC-insured checking account that is fully integrated with the Schwab One brokerage account. Investors can simply sign on to Schwab.com and manage their investments at Charles Schwab -- as well as their bank accounts at Charles Schwab Bank -- from a single online source.Investors have a complete view of their finances and can stay up-to-date on investments, monitor deposits and withdrawals, manage their credit card and mortgage balances, move money between accounts to maximize return and simplify cash management, and pay bills from one single site.
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