Schwab Mobile
play.google.comSummary
Schwab Mobile is a financial app from Charles Schwab that allows users to invest, trade stocks, options, ETFs, and mutual funds. It also provides features for managing accounts, transferring funds, depositing checks, and accessing market insights and expert content.
Features2/12
See allMust Have
1 of 5
Commission-Free Stock Trading
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Bitcoin Trading
Other
1 of 7
Fraud Monitoring & Security
High-Yield Savings
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
PricingFreemium
See allStandard Online Trading
- Online commission-free trades for listed stocks and ETFs
- Does not apply to over-the-counter (OTC) equities, transaction-fee mutual funds, futures, fixed-income investments, or trades placed directly on a foreign exchange or in the Canadian market
- Exchange process, ADR, and Stock Borrow fees still apply
Options Trading
- Options trading
- Per-contract fee applies in addition to $0 online commission
Broker-Assisted Trades
- Trades placed through a broker
Automated Phone Trades
- Trades placed by automated phone
Rationale
Schwab Mobile is primarily an investment and trading platform. It explicitly offers commission-free stock trading and mentions security features like fingerprint/Face ID login, which aligns with fraud monitoring. However, it does not offer peer-to-peer transfers, a prepaid debit card, early direct deposit, or bitcoin trading, which are core 'must-have' features of the Cash App concept. While it has some financial management features, its focus is distinct from the comprehensive mobile banking and payment services of Cash App.
