How do you choose among internet banks?

ING and HSBC are banks with long history in banking. ING is originally a German bank that expanded globally. It is like Bank of America in some European countries. HSBC is originally a British bank with a history in Europe, North Africa and some Asian countries. Both of them are very trustful banks. Charles Schwab is no where near those two giants. It is originally investing company more than a bank. I recommend ING cause their interest rates are pretty good. They pay 4%-5% on Savings and checking accounts.

How much to start a Roth IRA and how much monthly?

I worked for the Fed too Open Roth IRA in Scottrade or Etrade, the fee is cheaper. But recently Schwab has trading free fee on the ETF. so it may a good option too. If you can, you could put maximum 5000 per year. so every pay period you could put 200. That's mean 25 pay period and you could stop the last pay period during Christmas time. That how I did it. You should put 15% of your pay toward TSP, you will not regret it later. As just for your information, I put 10% of my pay when I was 25, at 31 I put 15% of my pay. Right now, I am 37, My TSP is around 105,000.00. My Roth IRA is 22,000. My cash in the bank is 30,000.00. I am glad to put my retirement at early age. I think you are in the right direction.

where and how to purchase foreign stocks on the foreign exchange markets? Can I do it online?

Etrade: Charles Schwabb: Interactive Brokers: Noble Trading:

Does Charles Schwab charge you to withdraw money from your investment account?

I am a long time Schwab (and TD) Customer and I am not an employee of any brokerage firm. Transfer out assets means you do an institution to institution transfer of your assets (stock, bonds, Cash, money market, or other securties) from your schwab account to other brokerage accounts (e.g. from your schwab account to your TD Ameritrade account). To qualified to be charged by schwab, you need to fill out a "transfer of account" form ( people in the industry call it "TOA" form) to authorize the brokergae firm to request a direct transfer of asset from schwab to your account with their firm. This transfer will take about 2 to 4 weeks depending on the type of asset in the account. Such charge will also be incurred if you ask the counter broker to start a non-ACAT transfer which does not require a TOA form to be filled out. This type of transfer is usually referred as an express transfer service and will be completed in a few days. You can always make electronic money transfer (in or out) between your schwab account and your bank accounts (up to 6 different bank accounts, I think) without paying a penny thru schwab's "Money Link" service. Basically, the service links up your checking/savings bank accounts with your schwab brokerage account. You can use the transfer service page on to do the transfer whenever you need to. The setup is free and it will take less than a week. You can just fillout the Money link form in your local schwab branch. In addition, you can always ask schwab to cut you a check from your account if you need. They can send it to you by mail or you can pick it up in any of their branches as long as you tell them which branch you are going to pick it up from when you make the check request. Usually it will take 24 hours for them to get the check ready and the service is free. If you need to rush it and need the check immediately, they will do it for a fee. When you set up account, You will be asked if you want to have the checking writing feature, which is called "schwab One check" . Basically, your cash is either receiving interest thru schwab bank interest or schwab money market rate depends on now much of cash you have. Either way, you can write check from the cash amount in your account. So, you can always write yourself a check from the schwab account and deposit that check to your bank. But since schwab's brokerage account checking feature is using the PNC bank in PA, your bank may treat your deposit as out of state deposit and will hold the check for 10 days before clearing (if you are not in PA)... So, you are recommended to do money link electronic transfer if you need the money in urgent. Money link cash transfer completes the same day if you make the transfer early in the day. If it's after the cutting time ( check with schwab, but I think it's 2:00pm ET), it will be done the next day. The charge you mentioned will only happen if you transfer your asset, cash, securities from schwab account to an acocunt with another brokerage firm. Hope this helps. :) Cheers, Sal

how long does it usually take for a Transfer agent to process a stock certificate?

Routine transfer of the certificate you presented will take about three weeks depending on how Schwab requested process. Don't understand why you were told there would be a "hold on your funds" since you have not sold the stock as yet. The only time there is a hold of funds as in your case, if you sold the stock prior to sending it the the transfer agent. Actually Schwab can contract the agent to determine when they will free up the transfer so that you can sell it. Or have the agent deliver the stock to DTC, in book form for the account of Schwab. If you don't have a large quantity, nobody is going to push it for you. Sorry if yu don;t like my response but it's the real world

Can I take Schwab 401K to Vanguard or Fidelity IRA? then to Roth?

Assuming it is from a former employer (since you cannot move funds from current employer) you should do a direct trustee to trustee transfer. If they write a check to you instead, they would withhold 20% towards taxes and if you do not add the withheld amount back in from another source, the withholding would be taxed and penalized. Schwab will likely deduct $50 (not taxable) for transferring the account out of their system. You have to pay tax the year you convert an amount from IRA to Roth IRA. I cover that with a W-4 adjustment and specifically tell my broker not to withhold from the conversion, because any withholding from the conversion is subject to tax/penalty. There should be a special deal for anyone to do an IRA to Roth IRA conversion in 2010 and spread the tax over 2011 and 2012 (unless the current administration changes that).

Can I meet Reg T by transferring account from different Brokerage Firm?

Yes you can meet a REG T call by transferring securities and/or balances from one broker to another, BUT you may have a problem This is easiest way to explain this is, You have 1,000,000 in market value, the maximum loan value if 500,000, your debit exceeds the 500,000 since it is $650,000. (This is assuming all securities in the account are marginable and some are not restricted for margin purposes) You are at 35% equity which generates house calls at most member firms. You could have ETrade, transfer you SMA account to Schwab but not many firms want to accept a margin account that’s at 35% equity.

Whats a good online investing company to start with?

Been happy with Schwab the last 12 years. Lots of good research available, access to many no-load and loaded funds (not all Schwab). And offices in many areas if you need to visit one. Good help desk if you have questions about the website or IRA question. Not full of poor english speaking foreigners, like other companies support staff.

Are Charles Schwab customer not allowed to short trade? asking this question means you shouldnt be investing and i bet yer at least twice as old as i can short any stock except whats on the list til the end of the month which is mainly financial stocks, how can you of not heard of the short band? its almost 300 stocks listed in there..all financials..if its a financial one..i dont know how it works with that..but anything else you can

What brokers have the best website and on-line service?

I have three online brokerage accounts. I use fidelity, etrade and optionsxpress. If you are looking for advice before making trades, you may want to use Charles Schwab. Do not go for a full-line broker as trades and advice can cost you a fortune. If you are going to do your own research, any of these four online brokerages would work well. Although I have never used their site, TD Ameritrade is another example. Make sure you go to each site and compare fees and services before choosing. Good luck!

Should I go with the bank with the higher interest rate or better reputation?

Consider this.. What's the interest difference between the two online banks? ING = 3.50% APY Schwab = 4.25% APY Now lets say you have $10,000 average daily balance, so with ING you would earn $350, and with Schwab you would earn $425. Assuming you pay taxes at a nominal 28%, you would net $306 from Schwab and $252 from ING. A whopping $54 ! Both are well managed firms with little impact from subprime, and both have stellar reputations.But stil given that all these accounts are FDIC insured, I would not waste a second worrying about their financial stability. Good Luck ED PS. You might want to consider GMAC which has a 4.90%APY, where, after taxes, you would actually earn $353.. I have had accounts with GMAC for several years with absolutely no problems. Good Luck ED

Has service at Les Schwab Tires gone downhill?

Yeah I know! My grandmother and grandfather graduated from high school in Prineville with his kids, and we all knew him. He used to be a real strict manager; at the store in Prineville, if he walked by the window display and there was one little thing he didn't like, he made them take down everything and start over. And if a customer was dissatisfied, he dealt with it. Les was great at keeping the shops running efficiently. But once he passed away, the business seemed to go down hill. I went to the store in Woodburn in October to buy new tires because mine were old, had almost no tread, and some had leaks in them. I left my truck there and went to the coast. When I came back, the bright spark in charge said, "Hey, your tires are fine, they're just low on air." And I go, "No shit, Sherlock, that's because there's a leak in the tire!" And the guy goes, "Oh." So I found another guy in the store and he got me the tires I wanted, and put them on. Somebody needs to take over and get it back to the way it was when Mr. Schwab was alive.

What if Charles Schwab went bankrupt?

You wouldn't have any more exposure than you currently have to the market. Brokerages are required to keep investor funds separate from their own funds. Simple example - if you hold 100 shares of XYZ and Schwab goes belly up you still hold those 100 shares and could transfer them to another brokerage. The value of those 100 shares might go up or down depending on the market but you'd still own them. I don't know exactly how the Schwab-managed fund would be handled. It would probably either: A. Be liquidated at market value & you'd get market value in cash. B. Be taken over by another investment company to be managed and it would still retain its market value. You're also protected up to $500,000 in losses if somehow the company "steals" shares from you. Google SIPC insurance.

How to Open an Antique Schwab Safe?

Most combination safes - commonly start the turning going to the right - so you turn your dial 2 full turns till you get to 40, then go left to 30 and right around to 20, and back left to 10. If that doesn't work - call a locksmith.

What penalties will I inquire cashing out a 401k for first home?

Charles Schwab does NOT have a 401K. They have an IRA - inherited IRA account. Goodness. Haven't you ever read the statement? You will pay taxes and a penalty on that money, as you well already know. Regular taxes, plus 10% penalty. The large distribution can knock you into a higher tax bracket - easily. The people at Schwab will tell you (after they stop cringing at the thought). Enjoy counting on a pension for your retirement. I would stay awake at night if I had to do this. A company can go belly up any minute. My grandpa worked for Eastern Airlines. He got nothing. And if you are counting on the goverment, even worse.

What is the best online broker to use when trading primarily from a blackberry?

Schwab s the way to go.

I need the number for les schwab road side assistance.?

Having trouble finding a specific 'roadside assistance' number but here are 3 Les Schwab stores near your location (according to google). Looks like the Lake Grove store is closest to the town you mentioned. (edit: I've been searching high and low for this number and it's pretty clear that this company doesn't want you to contact them--for roadside or for anything else. I'm pretty dang good with google and I can't find it anywhere. I'm not saying anything, I'm just saying....I wish you the best of luck) Also, I see mention of a mobile fleet service on several locations' sites but never any number. Not even an email. If you know anyone that has AAA I believe they can call for any vehicle, in case that helps. Maybe you can get help from someone else? KING CITY (503) 968-2155 15348 SW Pacific Hwy Tigard, OR 97224-3520 LAKE GROVE (503) 636-6848 17171 Boones Ferry Rd Lake Oswego, OR 97035-5213 SHERWOOD (503) 925-0570 15905 SW Tultn-Shrwd Hwy SHERWOOD, OR 97140 Okay, I'm not going to waste much more of your time with this but I have found a couple of forums online that have stories of people thinking they had 'roadside assistance' when what they really had is 'road damage repair'. They seemed to have been led-on by whoever they bought their tires from. Could have easily been unique cases and I'm sure you know what level of service you have. I could only find mention of Fleet or Commercial roadside assistance on their website or on other sites. Again, best of luck and I hope you get unstuck. Just in case you need it (though it doesn't help you now) here is their corporate headquarters number: 541-447-4136 Maybe while you are waiting you can call and leave nice messages about how hard it is to get help from them.

I am looking into opening a Schwab Bank High Yield Investor Checking account and not sure of the downsides?

I switched from a local bank to Schwab about 8 months ago. Your top concern was my top concern too, and so far it is working for me. I find I do very few deposits to an account, as my payroll goes direct. A few checks a month mailed in seemed like it might be a burden, but so far i am happy. Schab gives you all the pre-addresses and paid envelopes you want. I used to drive around with deposits till it was convenient to go to the bank. Now I just have to wait a few days for the deposits to go through. I don't use a lot of cash, but from time to time I want to draw $1000 in cash, and with Schwab you can't do that, or at least I haven't tried hard enough to find out how. I go the the ATM 2 days in a row, now, although that is a hastle and only being able to get 20's is a hastle, but I get over it once I see my statement and enjoy the interest and completely free ATM's anywhere. Your call, but I am happy. I do use the Schwab one account and have built up some Money market savings which gets even better interest than the checking account. And you can move it back and forth no cost!

Quickest to wire funds or overnight check from schwab?

A bank wire from an American transaction is usually available the same day, if it is completed before 2pm Eastern time, otherwise the funds will be in your bank account the next day. It has always been my understanding that wire transfers once received by your bank are funds that were available immediately, while even an overnighted cashiers check (or now often called an official check) may have a hold on it. However, some instructions I found on Interactive Brokers site seem to contradict this theory. Go to your bank and ask what their policy is. You may also ask the bank for their withdrawal policy on electronic funds transfer (EFT), which are instanteneous and are free vs. an about $30 wire transfer fee.

Am I dumb to use Charles Schwab as my online broker?

Charles Schwab is great for the new trader or the experianced trader looking for fundemental research.... New traders save $100's of dollars just because they can ask someone a question.... 24 hours a day... before they make a typical newbie mistake. Scottrade is fine for the average trader with more than 3 years experiance. Not much in tools. Although some of their technical analysis is better than some. Nothing outstanding.... just simple pricing. I've used both. For a new trader... I'd suggest Charles Schwab.... hands down. I currently use; ThinkOrSwim Interactive Brokers GFT

How do i sue les schwab tires?

soooo... get a lawyer... Don't you ever see those "been hurt in a car accident?" commercials?

Studded snow tire Lawsuit at Les Schwab about 10 years ago?

It is the recommendation of all tire manufacturers and the Rubber Manufacturers Association that winter tires only be applied as matched sets of four. The only exception is if winter tires are applied to the rear axle of a RWD vehicle but even then 4 matched tires is recommended. Those have been the recommendations for many years. I'm not familiar with the details of the alleged lawsuit mentioned above but just within the last few weeks Michelin Tire Co. lost a $35-million lawsuit because a tire store (not even a Michelin dealer so far as I could tell) installed 2 new tires on a FWD car (Mitsu 3000GT) and placed them on the FRONT axle. During a light rain storm the rear axle lost traction, the vehicle spun and in the resulting accident a passenger was seriously and permanently injured. It has been standard industry policy for a number of years that when only 2 tires are being replaced they be installed on the rear axle precisely to prevent this sort of thing. Even though Michelin has a 3-minute video explaining why on their web site the tire store claimed Michelin never trained them properly and Michelin has deeper pockets so.... If the specifics regarding this Les Schwab lawsuit are essentially correct the reason they would have lost would likely be for not following standard industry guidelines in the proper application of tires on a vehicle. By having the customer sign a waiver Les Schwab essentially admitted they were doing something that was potentially unsafe but did it anyway. No waiver can protect you from that level of intentional incompetence.

Does Schwab look at my credit score when opening an account?

Yes, I'm fairly sure they do. I had a friend with a 401 ...and at one point they allowed participants to transfer some portion of funds to trading/brokerage status ( individual stocks and ETF's besides the " listed mutual funds" )......but this friend was denied that option because of some other financial matters/ problems. ... try on- line apps to Scottrade, Fidelity, or Vanguard.....???

How would you rate the following discount brokers: Vanguard, Fidelity, Schwab?

It very much depends on what you want. If all you plan to do, is trade listed US stocks, the best and cheapest broker is probably Brown & Co. For more diversified investing, Fidelity and Schwab are a close tie. Both have an amazing selection of no-fee mutual funds, if you are interested, and both are well-equipped to service high-volume traders. I personally chose Schwab because of their efficient and fast funds transfer system (linked to your bank account) and the fact that they have many services normally offered by banks. If you want to go all-out and trade on multiple continents and exchanges, call TD Waterhouse. They have discount brokerages in at least 5 countries and, if you have a reasonable amount of money to invest, they can help you out. This way, you can trade stocks not even available in the US. They are also a full-service bank and will work with you if you want more, than just brokerage services.

Opening a Schwab checking account.. will they do a hard pull on my credit?

I don't believe so. They would have to get your signature to do a "hard pull" or full credit report. So, you would be aware if they were doing so.

What happens if Schwab goes belly up?

Those funds are each held by different companies. Your investment is quite safe. SIPC (Security Investor Protection Corp) insures against broker account failure. So, INVEST!

Is it better to fund the IRA's, or keep the money in Charles Schwab?

You can invest money in an IRA account in nearly any kind of investment. I don't see why you can't invest the money in your IRA account in the same investments you have made in your Schwab account. Perhaps you have an IRA with a bank and you can only invest in CDs? If that is the case, then move your IRA account to Schwab!

What other investment portfolios are similar to Schwab's MarketTrack All Equity?

No broker is going to be interested in you & your 100 bucks. Anything under their minimum's of $2500, or $3000 is a money loser for them. Put your $100 in a savings account down at the bank. Then add another $100 every month for 10 months. Then buy Vanguard's Star fund VGSTX. It is a balance fund, with a $1,000 minimum.

will les schwab honor warranty for optima without original receipt?

Les Schwab is going to charge me 330 bucks for new front brakes and a new rotor!!?

that's a little high for just front pads and one new rotor,but compared to some shops that would be cheap,its up to you on it,but you may not find a cheaper price on it,that may be the best deal you,ll get on it for now,good luck.

how do I download trade proceed and cost data from charles schwab to turbotax?

I certainly can understand your frustration. I had a similar problem with Scottrade last year. You need to contact either the tax department or accounting department of Charles Schwab. You need to find out whether the software they use to generate Schedule D information has a "bridge" into Turbotax. If they do, they will direct you through their utility menu to download it. If they do not have a bridge, dont fret. It is not a problem. Just ask them to print what they have - Proceeds first, Cost second, Gain or Loss third on a spreadsheet. Then just attach the spreadsheets to the back of the return. On Schedule D on the first line for short-term and the first line of long-term indicate "Schedules Attached" - make sure though that the total of your proceeds match the 1099-B.

Can you make deposits into a Schwab Checking Account at a Schwab Branch or only by mail?

Schwab offers money link. Easy to transfer money back and forth. Look for the tab that says transfers. Money link will allow you to transfer money from your checking directly to your account and in reverse. No fee for this service. Your local bank treats it as a regular transaction so you wont get feed by them either. /

What will happen to my dad's charles schwab account?

You didn't submit the correct documents (death certificate, letters of probate, etc...) to them proving that he died or that you had the right to even ask any questions about the account. However, it seems like they were trying to be nice to you so you didnt waste your time. Just because he opened an account, it does not mean he ever put funds (money) into it. He also could have used the account and then closed it. By saying "there's nothing to claim" it sounds like they were trying to tell you that theres no point in sending the documents because the account he had is currently empty (no money in it).

I am thinking about investing in Charles schwabs index funds?

If Schwab will no longer give me a managed account at under $50K, what are my options?

Option- manage it yourself. Most people do this anyway.

Does Charles Schwab hire employees with a DUI felony?

A felony will prevent you from getting registered, but a misdemeanor will not. I don't know Schwab's policies, but a misdemeanor traffic charge will not prevent you from getting registered.

If I buy no-load funds from Schwab online for my Roth IRA, do I have to pay anything on the back end?

Most online brokers make it very easy to transfer funds. Gather your Edward Jones papers together, call Schwab, and ask for an IRA rep. It's pretty simple. If you have specific funds in mind, ask your questions then. Ignore the answer about the 'maturity date' of your IRA. Unless you have a CD in your IRA (not a good investment), there's no penalty for direct transfers between funds.

Can I make a deposit in my Charles Schwab invest/stock account then just transfer it into my Schwab Checking?

You can do this, it doesn't trigger a trade if you move from CASH (called "deposit accounts" on your statement), not money markets, in your CS investment account to your CS bank account. The accounts are tied together so you can move money from one to the other online. I've done this, but I didn't want my accounts tied so no one "finding" one of my CS checks couldn't also access my investment account. The "linking" is automatic, so I had to call and tell them to unlink. You want linking, which is the default. One reason I did this was that CS Bank was listed as one of the 5 best (strongest) banks in the US last Fall when the whole economy was falling apart.

If Charles Schwab is now giving out commission-free ETF trades, then how do they make money?

I'm with "Jerry" Schwab DOES NOT make money from their customers from such transactions. The one of the primary reason any firm will not charge commissions on an agency trade is "order flow". Scwab, like most firms, probably does not receive compensation but they do receive benefits from providing the floor or other brokers with order flows, the issuer may repay Schwab with orders or advertising materials. this is very common on the street, my floor people generated income from services we provided to fund companies as well as other b/d's Commission is not and should not be the primary incentive in making certain investments. I-75 – No firm is permitted to loan out fully paid for customer securities without a loan consent from that customer, doing so violates SEC rules also, according to the same SEC, no firm can benefit from customer's free credit balances. “Go with the flow” is totally off the wall. And even “CB” is taking a wild guess which does not relate to the real world of securities trading and or, clearing.

Can i deposit checks to my Schwab One Account at a Schwab office?

Yes. You can.

Who is the guy on the schwab commerical trying to fool when he says the market is going up and down?

There is no point in buying now. The buy-low argument fools some people, but why buy low when you can wait and buy still lower?

Would it be horrible to get just brake pads when Les Schwab suggests I also get new rotors?

If the rotors really are damaged, then your brake pads wont last as long. But you will definitely notice an improvement by replacing the pads.

Charles Schwab brokers - How much is the starting salary?

Probably not more than about $ 40,000 since they do not get commissions.

How much more expensive is it to trade at Fidelity than at Schwab?

I've been happy with Fidelity for years. I disagree with the answer that said you needed 60 stocks to be diversified. You can't know what you need to know about each company if you have more than a dozen. I've abandoned regular mutual funds in favor of index funds. Over time, MOST mutual funds will underperform a broad index fund. I also own about ten individual stocks. One, Goldman Sachs, has gone up over 30% since I bought it earlier this year.

How to return the unopened snow chain at les schwab?

turn it in whan u can

What are some competitors of Charles Schwab financial?

Try, I like them. There's also Ameritrade and ING if you want CD's. You should definitely save up, and buying a house is a great idea. However, I wouldn't count on the market coming back down much. It seems like real estate is always going up. But saving while you're looking is a great idea and I applaud you.

Calculating capital gain on sale of Schwab bond funds?

Hopefully, Schwab can give you the average cost basis, which makes it easy. Just multiply the average cost per share by the number of shares redeemed. If she bought the bond fund shares five years ago, she may well have a gain but bond funds don't tend to be as volatile as some stock funds so the tax (if any) should be relatively small. You are right that the redemption must be reported on Sch. D.

How can I learn more about a penny stock I have in my schwab account?

Penny stocks, or pink sheet stocks, are so thinly traded, that they are not tracked by schwab,, bloomberg, etc. so you can't get the information as readily as you can larger, more established companies. You can call Schwab and ask your broker for an update. You can also go on the company website and see if there is any investor information. Before you buy a stock, you should look at the financials of the company. If you do not have that information, ask the company for it. Tell them you are an investor, and you want the company financials, quarterlies, updates,etc.-to be added to their mailing list. On some company websites, you can actually sign up to receive investor information by email. If it is a very new, small company, that may not be available to you via email. Good luck! Hope you have a winner. Those penny stocks are very difficult-- it's not like buying Google- where you can find everything at your fingertips!

How late in the day can you trade mutual funds at Schwab?

I would ask Schwab about this. Many stock trades are executed immediately. Mutual funds are traded at the day's closing price, so even if you put in your order early in the day, it's not going to be executed until after the markets close.

What would be a reason to open a Charles Schwab account instead of a Vanguard account?

If all you want is an index fund, go with the fund that has the lowest operating expense. If you want a financial advisory firm that can offer you some advice and other 'packaged' services all under one roof, then go with someone like Charles Schwab. BTW, Vanguard's index fund has .15% expense ratio, Fidelity's S&P has an expense ratio of only .09%. I hope that helps.