Does Charles Schwab charge an inactivity fee as of July 2024?
No, Charles Schwab does not charge an inactivity fee.
This is great news, because you can be sure you won't be charged for not using your account for a long period of time.
| 💰 Charles Schwab inactivity fee | No |
| 💰 Charles Schwab withdrawal fee | $0 |
| 💰 Charles Schwab minimum deposit | $0 |
| 📃 Charles Schwab deposit methods | Bank transfer |
| 🗺️ Country of regulation | USA, UK, Hong Kong, Singapore |
| 🎮 Charles Schwab demo account provided | Yes |
Data updated on July 19, 2024
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
What is inactivity fee and when is it charged?
I've thoroughly tested Charles Schwab services with our analyst team by opening a real-money account and these are my most important findings:
- The inactivity fee is an important non-trading fee for long-term investors
- Brokers usually charge an inactivity fee if you fail to use your account for a longer period
- Charles Schwab does not charge an inactivity fee
Broker fees can make a big difference in the overall performance of your investments, and there's nothing more annoying than an obscure fee item suddenly appearing out of nowhere. Inactivity fees are one of those cost items that can pass under the radar and cause a headache for long-term investors.
What is an inactivity fee? An inactivity fee is charged by some brokers if you fail to trade or otherwise use your account for an extended period. In most cases, it kicks in after one year, after which you have to pay it on a regular basis until you start trading again. Check terms carefully: at some brokers, you can dodge the inactivity fee by simply logging in to your account.
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Charles Schwab custody fee
- Charles Schwab non-trading fees
- Charles Schwab equity trading fees
- Charles Schwab overall equity fees
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
