Does Charles Schwab Reimburse Transfer Fee in 2023?

Charles Schwab Reimbursing ACAT Transfer Fees

Unfortunately, Charles Schwab does not reimburse account transfer (ACAT) fee for moving a brokerage or IRA account from another brokerage company. As an alternative, TD Ameritrade will reimburse up to $150 of your current broker’s transfer fee. And since Charles Schwab owns TD Ameritrade, sometime in 2023 your TD Ameritrade account will become Charles Schwab account.

Brokers That Refund ACAT Fee

Broker Review Broker
Mutual Fund
Option Promotion Offer
WeBull rating

$0 na $0 Get 12 free stocks when you open an account.
Firstrade rating

$0 $0 $0 Earn up to $4,000 cash bonus and $200 transfer fee rebate.
TD Ameritrade
TD Ameritrade rating

$0 $49.99 ($0 to sell) na Get $0 commissions and ACAT fee reimbursement.

Charles Schwab has been offering investment products for retail and professional investors since 1973. What started off as a traditional brick and mortar brokerage firm is now one of the world’s largest discount brokers. Whether you are a novice investor looking to start out or a seasoned one looking for financial flexibility, the Schwab One brokerage account offers a suite of investment products that should cover any need.

What is Charles Schwab One and how do I sign up

The Schwab One brokerage account empowers investors by giving them access to a bevy of investment products and research to help them make the best financial decisions. Investors are able to buy and sell securities like ETFs, mutual funds, bonds and fixed income, stocks, CDs and money market accounts, stocks, options and futures trading. But investors are not left hanging out to dry. Schwab provides independent and third party market research and portfolio building tools for all knowledge levels.

Opening a Schwab account is easy and can be completed in under 10 minutes in-person, on the phone or online. All you need to provide is your Social Security number, driver’s license, employer’s name (if applicable) and the information for the funds you want to transfer. There is a $1,000 minimum to open an account (more on that below).

Account features

Online brokerages were created to provide low-cost, high-quality investment products and Schwab does not disappoint. There are several competitors with similar services that could satisfy most investors. However, there are some key features that distinguish Schwab from the rest of the pack that is worth a look at. Let’s log in into Charles Schwab account page and dig into them.

Powerful trading platform - In addition to the variety of securities available to investors (see above), Schwab provides its clients with a powerful trading platform, chock full of information. (web-based) and StreetSmartEdge (desktop application) provides investors with real-time watch lists, alerts, conditional orders and other key information. These tools give investors more options to execute more complex trades. Best of all? They are free to all Schwab clients.

Portfolio building - Want to invest but don’t know where to start? Investors seeking to build a well-diversified portfolio can use Schwab’s mutual fund and ETF screening tool to search and sort potential investments by investment category, sector and etc. Investors can also scour Schwab’s Select Lists, which is a group of mutual funds and ETFs hand picked by Schwab’s experts.

Research - With Schwab, the world’s financial information comes to you. Investors can access the latest news from sources like Reuters,, Morningstar, Credit Suisse, Ned Davis, Standard & Poor’s and Schwab’s own in-house analysts at no additional cost.

Personal advising - For clients with more complex investment portfolios, Schwab offers a human touch with specialized financial advisors to provide custom made solutions.