Yes, you can transfer money in multiple ways

You can move money into a Schwab checking account through bank transfers, wire transfers, mobile deposit, ATM deposits, and in-person deposits at a Schwab branch. The method you choose depends on where the money is coming from, how quickly you need it there, and what fees you're willing to pay. Most transfers arrive within one to three business days, though some are faster.

Schwab does not charge fees for incoming transfers on any of these methods. The cost, if there is one, typically comes from the bank or service you're sending money from — and many banks charge nothing for outgoing transfers either.

Key Takeaways

  • ACH transfers from another bank account usually arrive in one to three business days and cost nothing from either end.
  • Wire transfers arrive the same day or next business day but may cost $15 to $25 depending on whether you initiate them from Schwab or another bank.
  • Mobile deposit and ATM deposits work for checks and cash if you have physical access to a Schwab ATM or the mobile app.
  • You can set up recurring transfers from another account so money moves automatically on a schedule you choose.

ACH transfers from another bank account

An ACH transfer is the standard way to move money between banks. You provide your Schwab account number and routing number to the other bank, and they initiate the transfer from their side. This takes one to three business days and costs nothing.

To receive an ACH transfer, you need to give the sending bank your Schwab account number and Schwab's routing number. Schwab's routing number is 0160 0076 6 (or 016000766 depending on how the form asks for it). You can find your account number in the Schwab app or by logging into your account online.

If you're moving money from your own account at another bank, you can also set up a recurring transfer so the money moves automatically every week, every two weeks, or on whatever schedule you choose. This is useful if you're consolidating accounts or funding a Schwab account regularly from payroll or another source.

Wire transfers for faster delivery

A wire transfer moves money the same day or next business day, depending on when you send it and what time the banks process it. Wire transfers cost money — usually $15 to $25 — and the fee depends on whether you initiate the wire from Schwab or from the other bank.

If you initiate a wire transfer from Schwab's website or app, Schwab charges a fee for incoming domestic wires. If you initiate the wire from the other bank and instruct them to send it to your Schwab account, that bank may charge you a fee instead. Ask your current bank what they charge before you send.

To receive a wire transfer, you'll need to provide the sending bank with your Schwab account number, Schwab's routing number (0160 0076 6), and Schwab's address: Charles Schwab Bank, SSB, 211 Main Street, San Francisco, CA 94105. Some banks also ask for a SWIFT code; Schwab's is SCHBUS33.

Mobile deposit and ATM deposits

If you have a check, you can photograph it with the Schwab mobile app and deposit it without visiting a branch. Mobile deposit usually clears within one business day. You can also deposit checks and cash at any Schwab ATM — there are thousands nationwide — and the money appears in your account when ready for ATM deposits.

To use mobile deposit, open the Schwab app, select "Deposit a Check," photograph the front and back of the check, and confirm the amount. The app will tell you when the deposit has been processed. For ATM deposits, insert your debit card, select deposit, and follow the prompts on the screen.

In-person deposits at a Schwab branch

You can walk into any Schwab branch with cash or a check and deposit it directly. The teller will process it when ready, and the money will be available in your account right away. Schwab has branches in most major cities, and you can find the nearest one on their website.

Bring your debit card or a form of ID so the teller can verify your account. If you're depositing a check, make sure it's signed and endorsed to you.

Transfers from investment or brokerage accounts within Schwab

If you have a Schwab brokerage account or investment account, you can move money to your checking account through Schwab's internal transfer system. This is when ready and costs nothing. Log into your Schwab account, go to the transfer section, and move money between your accounts.

You can also set up automatic transfers from a Schwab brokerage account to your checking account if you want money to move on a regular schedule — for example, to cover monthly expenses or to fund your checking account from dividends or interest earned in your investment account.

What to do if a transfer is delayed or doesn't arrive

ACH transfers usually take one to three business days. If yours hasn't arrived after three business days, contact Schwab customer service with the date you sent it, the amount, and the name of the bank you sent it from. Schwab can trace the transfer and tell you where it is.

Wire transfers should arrive the same day or next business day. If a wire doesn't arrive within 24 hours, contact Schwab when ready with the wire reference number (the sending bank should have given you this). Wire transfers can sometimes be delayed if the routing number or account number was entered incorrectly, so have that information ready when you call.

If you initiated the transfer from another bank and it never arrived at Schwab, that bank may have sent it to the wrong account or routing number. Contact the sending bank first to confirm they sent it to the correct Schwab routing number and your correct account number.

Frequently Asked Questions

How long does it take for money to show up after I transfer it?

ACH transfers take one to three business days. Wire transfers arrive the same day or next business day. Mobile deposits and ATM deposits clear within one business day. In-person deposits at a branch are available when ready.

Can I transfer money from a credit card to my Schwab checking account?

No. You can only transfer money from a bank account, not a credit card. If you need to move money from a credit card, you would have to pay the credit card bill from your checking account instead. Some credit card companies offer balance transfer checks, which you can deposit into your Schwab account like a regular check.

What if I don't know my Schwab routing number?

Schwab's routing number is 0160 0076 6 (or 016000766 in nine-digit format). You can also find it in the Schwab app by going to account settings or by calling Schwab customer service. It's the same for all Schwab checking accounts.

Can I set up automatic transfers into my Schwab account?

Yes. If you're transferring from another bank account you own, you can set up a recurring ACH transfer through that bank's website or app. You can also set up automatic transfers between your own Schwab accounts (checking, savings, brokerage) through Schwab's website.

Do I have to pay a fee to receive money in my Schwab checking account?

No. Schwab does not charge fees for incoming ACH transfers, mobile deposits, ATM deposits, or in-person deposits. Wire transfers may have a fee depending on whether you initiate them from Schwab or from another bank, but the receiving bank (Schwab) does not charge you.