That really is too bad. Free ATM fees would have made up for the interest rate if I could do instant transfers.

Out of curiosity, is there any bank that currently meets #2? At the time I couldn't find any.

Speaking of Alliant, I think it's ridiculous to charge a $10 Overdraft fee when tied to your savings...

Anyhow, do you happen to know the out of country ATM Transaction Fee Alliant charges? It's not listed in their fee schedule.

billrubin said:Chuu said:Very interested in this deal, and have two questions:

1. Is this deal dead? The highest rate I can find on checking is 0.75%, savings a paltry 1.05%.
2. Is it still extremely difficult to transfer money out of savings? I'm trying to find a bank where I can move money between savings and brokerage accounts instantly, and the last time I looked people told me that CS made it tricky to do so.
1. Yes, their rates are rather poor at the moment.
2. Yes, the savings account is still very poorly integrated into their system. You need to do an external transfer to move between the brokerage and savings accounts and you cannot move directly between savings and checking. They are allegedly working on this.

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I am under the impression that you can transfer from savings to brokerage in 1 day. The funds are available to trading immediately but if you want withdrawals, there is an
additional 3? day hold. I've heard the 3 days at least twice; today I heard 1 day. Not sure who to believe.

I am under the impression that you can transfer from checking to brokerage in 1?day. I can't be sure but I think I heard the 1 day a few times. Today I heard instant. Not sure
who to believe.

If you have savings and want to transfer faster to brokerage, set up checking at the bank (no min, no fees), so you can transfer savings to checking (instant?), then transfer from
checking to brokerage (1 day or instant?). That I've heard at least twice.

When you call in a transfer from savings to checking, the transfer is made immediately.

SegaRob said:So there seems to be some confusion on the ATM rebate overseas. As best as I can understand, there is no foriegn exchange fee from Visa/Schwab for using the card overseas for ATM or POS. Also, just like domestically, any surcharges/fees from an ATM withdrawal are refunded. The only fees that you could get hit with is from a vendor for POS purchase.

Is that right?

My understanding is that fee for ATM withdrawal are refunded but that the foreign exchange fee is not covered. Not 100% sure tho.

But people have said there is no forex fee on both the Schwab checking/ATM card and credit card.

Something else that many are not aware of is that, if you actually have any kind of assets in your Schwab brokerage account (etfs, stocks, money market funds), that after a few months of doing transfers, a new feature "kicks in" that gives you IMMEDIATE WITHDRAWAL AVAILABILITY on funds you transfer in Money Link on The Schwab One side, and can then be instantly transferred to your Checking Account on the same business day....

The amount that becomes immediately available for withdrawal or transfer to another Schwab account is equal to the total amount of assets you have in your Schwab One account...So, no 3 day wait to be able to move it to checking....

The feature isn't something you request...it activates automatically after you have done transfers into moneylink for a few months without any "transfer bounces" or whatever...in other words, you have a reliable transfer record).....

I know because i get it on mine (i have Money in a Bond Fund in my Schwab One).....