How to Get a Refund from Charles Schwab Bank

When you open a Charles Schwab checking account you will automatically receive a refund/reward based on your deposit.

$1,000 to $24,999: You’ll receive $100
$25,000 to $49,999: You’ll receive $200
$50,000 to $99,999: You’ll receive $300
$100,000 plus: You’ll receive $500

In addition to a refund, you’ll receive other perks to a Charles Schwab account:

No minimum balance
No monthly fees
No fees for foreign transactions
Unlimited fee rebates
Free checks
Free Visa card
A mobile app that lets you use your phone to deposit checks
Refund Investment Advisory Fees

As one of the largest investment firms in the world, Charles Schwab has been offering refund investment advisory fees for awhile. This can be a huge perk if an investor is not happy. However, please be aware that just because they provide a refund if you are not happy there is still no guarantee that you will receive superior service in an effort not return your money. Also, please remember that you are not protected from any investment losses. The ultimate goal of this refund program is to create investor confidence. After the crash of 2008, many people became leery of banks and investment firms, especially bank-owned brokerage firms.

At Charles Schwab, the refund is referred to as an “Accountability Guarantee.” It lets customers use their five advisory services and if they are not happy then they can request a refund. The refund is fro the previous quarter. You don’t even need a real reason to ask for a refund because it is offered regardless of the reason. It can simply be that you are unhappy. The services you can receive a refund from including the Schwab Managed Portfolios which is a combination of mutual funds and exchange-traded funds (ETFs). There is a minimum investment of $25,000. With the Schwab Private Client, you have an advisor who works to build a portfolio that is tailored for your unique needs. This requires a minimum investment of $500,000. The annual fees are calculated at 0.9% of managed assets or lower.

You can contact an investment professional or use Charles Schwab’s automated phone services at 1-800-435-4000.

Use their TeleBroker which is an automated touch-tone service at 1-800-2SCHWAB (1-800-272-4922).
In China call 1-800-662-6068
Spanish speaking call: 1-800-786-5174
In Singapore call (+65) 6536 3922
Outside the USA: 1-415-667-8400

Contacting Charles Schwab via web addresses:
schwab.com
chinese.schwab.com
international.schwab.com
schwab.co.uk
PDA: schwab.com/wireless