Charles Schwab Bank

Charles Schwab Bank, SSB is a Texas-based federal savings bank providing products and services primarily to retail customers. The Bank’s offerings include no-fee investor checking and savings accounts, residential mortgages, home equity lines of credit, payment services, online solutions, money transfers, overdraft protection, direct deposits, interest rates information and other services. In addition, it offers platinum debit card (or Visa check card), Schwab Mobile Deposit service and Schwab Mobile application. Charles Schwab provides home loans through Rocket Mortgage, one of the largest mortgage lenders in America. Charles Schwab Bank has the highest ranking in customer satisfaction according to J.D. Power Direct Banking Satisfaction Study. The company was established in April 2003 and today employs around 1,100 people. The Bank has no physical branches. As of September 30, 2023, Charles Schwab Bank had total assets of $302 billion, deposits of $254 billion and equity capital of $13.7 billion. The Bank is a member of FDIC and an equal housing lender, and operates as a wholly-owned subsidiary of Charles Schwab Corporation.

Credit Cards:
Schwab Investor Card from American Express
American Express Platinum Card for Schwab

Credit Ratings:
Fitch
Long term issuer default (IDR): A+
Short term issuer default (IDR): F1
Outlook is stable
Ratings as of February 2024

Head office address:
3000 Schwab Way
Westlake, TX 76262
United States
Website: www.schwabbank.com

Phone number (Toll Free): 1 888 403 9000
Routing number: 121202211
FDIC Certificate: 57450