How Do I Transfer Funds to My Charles Schwab Account?

Charles Schwab has a wide range of investment and financial services available for its clients. If you want to get started using them, you need to know how to transfer money to your Charles Schwab account. This article will show you a couple of different ways to do that.

Linking Your Charles Schwab Account with a Bank Account

In order to transfer money to your Charles Schwab account, you first need to link it to a bank account. This is a security measure that allows Charles Schwab to make sure that the account really does belong to you, so you don't get your money stolen. To link the accounts, follow the instructions below:

1. Go to the Charles Schwab website.
2. Log into your account.
3. Click on Accounts in the navigation bar at the top of the page. A popup will appear.
4. Click on Transfer and Payments in the popup.
5. Click on the "Link or delete external banks accounts" link under the External Bank Account header.
6. Select your bank from the list.
7. Enter your login information for that bank.
8. Click the Continue button.

Making an Electronic Transfer

The most convenient way to fund your Charles Schwab account is with an electronic transfer. This is the way most banks and other financial institutions use to move money around. To make an electronic transfer, follow the instructions below:

1. Log into your Charles Schwab account.
2. Go to the Transfers & Payments page.
3. Click on Online Transfers.
4. Expand the From menu.
5. Select the bank account that you linked with your Charles Schwab account.
6. Expand the To menu.
7. Select your Charles Schwab account.
8. Enter the amount to transfer under Cash Amount.
9. Enter the transfer date.
10. If you want to make this a recurring transfer, select that option from the Frequency menu.
11. Click on the Continue button.
12. Review the transfer details to make sure they are correct.
13. Click on the Submit button.

Making a Wire Transfer

You can also fund your Charles Schwab account with a wire transfer. To send a wire transfer from a U.S. bank, just contact your bank and ask it to send a wire transfer to your Charles Schwab account. Provide the following information:

Destination Bank: Citibank N.A., New York

Bank ABA:

021000089

Account Name:

Charles Schwab & Co., Inc.

Account Number:

4055-3953

Bank Address:

399 Park Avenue, New York, NY 10022

Your name and Charles Schwab account number

To make a wire transfer from a bank in another country, go to this page and find the country you are making the transfer from. Note the information you need to give to your bank to make the transfer. Charles Schwab will convert the currency you send into U.S. dollars once it arrives in your account.

Contacting Charles Schwab

If you have any questions, or if you need help making your transfer, you can get help from a Charles Schwab customer service agent. You can reach one on the Charles Schwab help forum, by chat, or by phone.