Originally Posted by
dinosims
If you just have the Schwab One brokerage account, how do you get money into/out of it? Can you initiate an ACH at another bank to do this?
You can easily transfer money out via ACH using schwab.com. You just have to send in a "Moneylink" form to link your external checking account. I don't think you can initiate the ACH transaction at the other end, though.
But the checking account is worth having anyway, as it has really great terms. Unlimited ATM fee rebates, zero foreign exchange fees (tested last week by a friend of mine--see the link above), unlimited free checkbook refills, free postage-paid deposit envelopes, free billpay, free ACH, etc.