Originally Posted by
herowing
I also have Schwab rebate. It is a really nice feature. I did make sure that I only left a certain amount of money in that checking account when I traveled to Mexico and used that car in ATMs over there. Just to be on the safe side.
Keep in mind that the Schwab checking account is linked to a Schwab brokerage account. Overdrawing the checking account will cause an automatic transfer of funds from the brokerage account. Not sure if that feature can be turned off.