The Best Debit Card of 2023 (Honest Review)

[@whimsicalhamster88]

Yeah, if you ever need cash, you need the Charles Schwab debit card. The ATM fees in Vegas on The Strip are up to $10. It’s amazing to know I’ll get it refunded every time.

[@MXALOVE]

Keep in mind this is a Visa Platinum card as well, so all purchases will be handled as such, like purchase protection, extended warranty, etc.

[@drewd8874]

Just make sure if you are overseas and you withdraw cash that you decline the ATM banks conversion fee and use Charles Schwab’s rate. They will only refund you their fee.

[@bahamasc]

yea ppl should be using this option all the time regardless of cards!

[@marcofallas2876]

@@bahamasc How to do to decline the ATM conversion fee? And be able to use the Charles Schwab’s rate

[@stephaniefythm]

I have them for years,no doubts a good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 3 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made

[@skoopqueen]

Nice one Stephanie .Any investment tip?. I would love to know how you made it this far

[@stephaniefythm]

​@@skoopqueenGenerally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (Regina Louise Collaro) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance.She is quite popular for her services so you might have heard of her. She made me financially stable investing through her help, now I earn on a monthly basis through her passive income strategy..So I’ll advise you do get a good Investment advisor for yourself.

[@skoopqueen]

Impressive! Your investment advisor seems quite skilled. I've come across success stories of individuals enhancing their financial stability through advisors. Could you provide further details about this individual?

[@stephaniefythm]

​@@skoopqueenlook her up on the internet and leave her a message she is quite popular for her services as she was recently featured on cnn, she can work with anyone irrespective of where their located

[@ugojazzy7812]

​@@stephaniefythmPersonally, I'm blessed and realizing I'm not the only one working with Regina Louise Collaro. I will consider myself lucky. I've been able to feed and make a living through her advice and great work. For such a person as Regina, I owe her gratitude, support and endless prayers as it is not easy to gain access to such a competent and reliable adviser. Who isn't just wise but has all it takes to handle an investment and is good at what she does.

[@MelissaC269]

some credit unions have debit cards that are points earners, but it's like spend $4 get 1 point, and each point is only worth 1 cent for redemption on their travel portals and sometimes less for their gift cards. We have that, and I used to use this a lot... before I knew better. Also, those same credit unions, if you get a car loan, or mortgage through them, you get a ton more points... and those points can go toward lowering future loan interest rates. We have a car loan that is 2% because we redeemed like 10K-20k of their points. lol.

[@todd7148]

Citibank is better worldwide. I am a 10+ year Expat and already filled multiple passports. They have zero ATM fees worldwide at Citibank ATM's (I have seen them in almost every country I have been to) and they also reimburse the ATM fees off network every 30 days if you can't find one. Also zero foreign transaction fees. The issue I had with Charles Swabb is they acted funny about me being an expat and eventually limited my account and cut my debit card off. I could only wire and ACH in and out. Thats some bullshit when you are in a foreign country.

[@todd7148]

@Aaron Lopez I have a gold and a Priority account. I can confirm both of them no fees as stated above in my comment. Not sure for the rest

[@Lifeissorich.]

I have this and about to switch fully to Charles Schwab once my Bank of America checking runs out at 25 years old. I've had Schwab for 6 years too.

[@HunterReagan]

Charles Schwab customer service treats you like a King too. All their representatives are very nice in my experience when I call in.

[@johnsfinancetips]

Seriously!!! It’s so under rated

[@carlosaguayo7882]

I’m getting this debit card because I’m sick and tired of paying the ATM fee at the dispensary. Thank you for the video!

[@ybnalex9628]

Broo if that ain’t the fucken truth haha

[@kevinadams9468]

Doesn't your dealer take plastic?

[@nigellikestosurf]

I got the Schwab debit card and kept my current 2% yield Discover checking and savings accounts (their customer service is EXCELLENT). However, I can easily transfer whatever $$ I need to my Schwab account and withdraw what I need. It's basically just a door to fee free cash, and best of all I keep a minimum amount of my money exposed to fraud on my Schwab card!

[@johnsfinancetips]

You're executing the Schwab card strategy perfectly!!! Well done!!

[@RespectfullyCurious]

I have started using my schwab account as my primary account now. I still keep some funds at a local credit union just in case. I throw all my savings at Schwab's money market funds that pay a higher yield than most savings accounts.

[@adawong0303]

SWVXX has 3.76% now. It's more then discover bank.

[@berg8970]

Customers Bank savings account with Maxmyinterest pays 4.11% currently

[@TheTruthSeeker756]

@@RespectfullyCurious But you have to manually do the transaction right? With Fidelity you automatically go in the high yield money market fund paying 5%

[@SpencerJohnsonOfficial]

Dude YES. The Charles Schwab debit card is the king of debit cards no doubt 👑 No ATM fees worldwide is an insane perk! Thanks for sharing this with people John.

[@johnsfinancetips]

For sure!! So glad they've made it easier to open as well!

[@SpencerJohnsonOfficial]

@@johnsfinancetips Agreed man! It was so simple for me to do so last year and it's about time someone made an updated video on it!

[@snagboi]

@@johnsfinancetips No ATM fees worldwide debit card is also offered by betterment, fidelity, wealthfront, and many other cash management accounts offered online, am I wrong??????

[@ulucio86]

😂😂😂😂😂😂

[@Native722]

Plus you get some apy

[@margaretjudice8944]

Great information! Thank you for sharing!

[@Native722]

it's strange, the debit card has price protection, extended warranty, purchase protection, etc. I've never seen that in a debit card.

[@tinnakornsai4404]

Lesson I learned from his previous videos: If is too good to be too. It is too good to be true, remember kids you control your life. This wisely. Cheers

[@leoluv822]

I got it before my trip overseas! I cannot believe this even exists!

[@nathanacreman632]

I have the debit card and it is AWESOME. Literally the best checking account I've ever seen.

[@ctbt1832]

A Capital One 360 account. Such as Capital One 360 checking. You will not be charged foreign transaction fees for using your debit card in other countries regardless, if you’re purchasing something or using the ATM.

[@TheMaddenComebackKid]

I love Charles Schwab. I have the debit card, and I take everywhere I travel. I primarily travel to South America and Asia, and 90% of the countries are cash societies, so the no fee atm really helps. The customer service is also great. I actually forgot my debit card at home once, and they managed to ship a new debit card to my Air B&B in Hanoi for free. That was legit!

[@bradIeyyy]

Same!!

[@Alltypz]

Woke ESG company. F that.

[@tonpear5909]

Thankfully you let us know your review is honest.

[@amywantz-l3i]

Awesome video. That really answered all the questions I had about the account. Your suggestion to only use it as a travel debit and still keep my regular checking was mind blowing and just the thing I needed to hear. Will definitely sign up for this!

[@E39M5SPEED]

But you cannot deposit cash to it.

[@JoeAbunga]

I've had the Charles Schwab card for 7 Years and it was the best choice I have ever made. Their customer support is amazing, I have never had a transaction declined when I needed it, and I have gotten 300 dollars of ATM fee's back

[@BlackBezos]

No ATM fees in Las Vegas as well. Level up 🚀🚀

[@AlejandroDu]

I was waiting for this video! I'll go for popcorn🍿!!

[@Sir_Arkady]

One important thing to notice about deposing check with them, you are considered a new account for up to 6 months. Witch means it will take 5-10 business day to process your check, they will make a small portion available, i think 250 but it’s very annoying. Still i like the card and customer service has been decent, so i will stick it out.

[@gr86er]

It's worth sticking with them, my limit is now higher than any other bank and deposits are available almost immediately!

[@user-wc5lw7ps6h1]

Fidelity's CMA is better in the US as the fees are refunded in a few days, not at the statement close and you don't have to deal with CS's awful interfaces. The CMA can also get 4.96% yield with SPAXX. I do have a CS account for foreign affairs though.

[@BoltGodd]

Your videos get me excited and proactive about my finances.

[@AndreHance]

And why exactly shouldn’t you be day trading? 11:31

[@BennSides]

I’m a navy federal user si I just them and so far the always refund me the atm fees from different parts that I have been

[@ctbt1832]

If I report fraud on my bank account/debit card and I have to pay or lose any portion of the money. I will switch banks asap.

[@eelfood]

Awesome video!!

[@zackgallik3164]

Do you have a video, or can we get one on the buy borrow die strategy? I was using Schwab, but started also using Merrill because I thought Schwab didn't do that lending.

[@sehajvirsingh4272]

Hey John can you make video on Mortgages , Types And getting approved .

[@johnsfinancetips]

I'll dial it up - what specifically do you want to know

[@chrisv4920]

That’s a good topic to speak about, what are the best home loan banks or lenders for first time buyers this coming 2023? Thanks

[@berthahuillca3209]

Exelente tu orientacion sobre este Banco. Muy interesante.

[@amp7536]

When my son uses my Charles Schwab debit card today in the Philippines, there's a selection Visa Debit or US Debit. What is this for? Which one should we choose?

[@liyingzeng9920]

How does Schwab checking/debit card compare to the American Express one?

[@chrisbrown8748]

Use this all the time when I travel abroad and I also like investing through their app and I have the AMEX Platinum Schwab so I love the entire economy👍🏽👍🏽

[@johnmellyn2700]

That’s great advice, I’m heading to Thailand for three months this winter and was thinking of doing this ,.. can I ask,.. is there a max limit on how much you can take out per day ?, and could you tell me if I do get one, do I have to notify them whenever I leave the country as I’ll be visiting several other countries …. Thank you

[@MelissaC269]

thank you for this. It wasn't on my radar and I will definitely need it.

[@chrisv4920]

Do you guys know if I can deposit cash into my Schwab account at an atm? Or it has to be bank to bank transfer or direct deposit? Thanks

[@johnsfinancetips]

Great question Chris - unfortunately, you can't deposit cash as it's not a traditional "retail" bank. You can only deposit via other bank transfers. Hope that helps!

[@jonathanmosos]

Is there a hard pull associated with opening one of these accounts? When I was reading the fine print before finishing my application, Schwab says they will “initiate an inquiry via a credit reporting agency”. I put the pause on applying because I have a few hard recently from credit cards and dont want to waste another on a debit card. Thanks for any insight!

[@chuyovo]

No hard pull got mine a month ago

[@Cookthechef]

Schwab stopped doing hard pulls on credit reports a little while ago. They should only do soft pulls now. Nothing shows up on my reports as a data point. Do note that they pull Chexsystems though.

[@wmmarquez]

How does Schwab compare to fidelity debit card?

[@artisanpsg]

Do you NEED to be an investor for the debit card? (for example, applying etc), will it report to the IRS as a investor account?

[@alejandrojr_m]

The only downside is that you cannot deposit cash, just through checks & direct deposit. Other than that it’s a great debit card

[@Trezn]

Get a local bank that offers checks and write yourself a check

[@GerardoPerez]

@@Trezn Thats a good idea friend!

[@BronxBombers_726]

Now if Schwab can come out with a credit card other than Amex

[@DEBTFREEMIKE769]

I just signed up for this and can’t wait to get it. On the fraud issue, it says the app has a lock feature. So, I’m excited for that.

[@JordyHimself1]

Such a great video! Got me sold. Thank you!!

[@steftrando]

Video actually starts at 4:37

[@adriansalomon5996]

What's a good debit card for someone who doesn't travel and isn't old enough to get a credit card

[@Ragnar0321]

What banks are giving 3% on a checking account? Been meaning to get out of chase but I don’t like the current options.

[@flibjabber]

I think redneck bank is doing 4% right now on their checking account

[@djime083]

I believe Capital One it's giving 3% APY

[@DJSliick]

How long does it take to transfer money from an external account? And can we use zelle to transfer money quickly?

[@JennyA]

it's been taking about 3 business days to transfer money

[@theholt2ic219]

It takes like 3-5 days when you just open the account. I opened my Charles account about 1 month ago. And I still get long hold periods. I feel like it takes like 4-5 days for me for a normal transfer. I read on Reddit the transfer speeds increase the longer the amount is open. Other than that it’s Amazing card. But I personally would not use it as my main bank account but it’s an amazing secondary account. I use this at casinos all the time. But I use Zelle to transfer from my Wells Fargo account to this Schwab.

[@DJSliick]

@@theholt2ic219 Yeah I'd say Zelle is A Lot Faster

[@williamenriquez4136]

Is this the same card like the white CS Debit card you posted a year ago? I see you have (6yr update) here

[@johnsfinancetips]

Yup exact same, just a few small updates but the biggest being that it's just easier to apply for! Haha I'm glad someone caught it! Thanks for the comment William!

[@camselle]

the ATM Fee cash back Schwab feature works domestically too..

[@Raymond23rdOBC]

Technically not the best debit card. I get the same from USAA with no fees or exchange rate fees.

[@EC2538]

I'm not familiar with USAA but in their page they say it's up to $10 in rebates, in his example he said $20 on a casino, that would still charge you $10, right?

[@krismardula]

What happens when you are leaving the country and want to deposit the cash back do you go back to any atm to deposit it? Or are there physical locations?

[@johnsfinancetips]

You can’t deposit cash into a Schwab account - that’s why I recommend having it paired to another account. The primary purpose of Schwab for me is cash access. Hope that helps!

[@365vacay]

Great Video! I have been using this card for some time now as a "staging account." The only caveat I would add is that you need to allow yourself some extra time, as the funds take a bit of time to become available. The transfer processes the next business day and then you have to wait up to four additional business day to use the funds. ("Funds originating from an ACH transfer from your Other Account will be available no later than the fourth Business Day after the day of your deposit.")

[@zackerykrummel1229]

This seems like a major caveat

[@unreal111]

Push instead of pull. What do I mean by that? Instead of transferring money from Schwab online checking account. You instead go to your source online account (lets say Wells Fargo), and you add your Schwab account in it. It takes few days to verify. Once verified, push the money you want to transfer from Wells Fargo. Bam, that 4 days will disappear.

[@sleepycloudjk2543]

Did you actually ripped that 100 dollar bill in half???

[@uhIcy]

Another great vid, would love you to pick apart some Canadian products!

[@johnsfinancetips]

Thanks for the suggestion! But unfortunately I'm not in the Canadian market :(

[@Tom-xl2ni]

FINALLY! A video I can just give to people to explain myself without sounding like a Schwab salesman.

[@blkszntv8531]

Does it do two days early pay?

[@doegreezy]

Would it be possible if I use Charles Schwab as a everyday use like direct deposit account??

[@brucewayne2955]

I'd liked to learn more about this Buy Borrow Die Strategy

[@davidmandujano]

I will make a KZbin video in February next year thanking you and showing how great your methods are John. I was watching your videos when preparing to move to America and I've used every single tip you've given for moving and starting your credit, and more. My coworkers cannot believe how good my credit is 4 months in to moving here, I watch every single video you make and all of them are incredibly useful!

[@mr.__________9057]

is Schwab a good starter card?

[@Fyoutube444]

Why are they doing credit checks for a debit card?

[@bradIeyyy]

Omg my only debit card I use!!! Comes in handy especially when I travel

[@anythingeverything8595]

If we don't have a debit card how do we pay the credit card??

[@boxlogogod4894]

Direct to checking or savings account

[@ivorykoi]

he didn’t say not to have one, he said not to spend on it well obviously except the credit card bills

[@blusurfx]

Hey John. Thank you for your videos to help all of us. I just need your help. I deal with mostly cash on my work and I'm looking for a bank ( other than the local banks) where I can deposit my money. Is there a way I can open an online bank account using cash? I live in a very rural part of Hawaii where there is very little option of a bank. I dont make a lot but I really appreciate your videos. Thanks

[@flibjabber]

I just tried to open a Charles Schwab checking account yesterday but my account was closed due to my TransUnion or Equifax (I don't remember which one they said) report?? And they couldn't tell me why. Does anyone know what they require credit-wise? I am so confused and don't know how to fix it.

[@RespectfullyCurious]

They check your credit report, if they see something they don't like then they just close you out. You can call Schwab's support staff [24/7] but sometimes these processes are automated and the reps might not have insight as to why a certain system processes something and what the variables are.

[@martinaltmann1658]

Freedom Flex and Amex Gold best every day cards? What’s the best interest rate for a savings account? AMEX has high yield with 3% 🤷🏼‍♂️ thanks!

[@johnsfinancetips]

Why not both? Gold at 4x for grocery and restaurant and Flex to catch other categories in 5% rotations

[@financialgymnastics3876]

PrizePool 4% plus prizes Current 4% up to $6k DCU 6.17% up to $1k

[@martinaltmann1658]

@@johnsfinancetips yeah that’s what I meant but as a question lol my bad I have the Amex platinum and Chase Sapphire going to go for venture x soon but been screwing myself over in everyday purchases without having the gold and flex, so those are next in line after the chase IHG comes in the mail this week. Could you please do more videos on using chase and Amex points for luxury flights and best interest rates for savings 💰🙏🏼 thank you very much and have a great evening!

[@martinaltmann1658]

@@financialgymnastics3876 thanks! I‘ll look into that

[@NN-sp9tu]

I didn't even know this debit card was so great. I only created a schwab checking account since I already have Schwab investment accounts but bank with SoFi for the APY and needed to be able to send money through Zelle (can't do easily on Sofi). I've just been using the Schwab debit card recently to withdraw money a bunch of times and had no idea I was getting the atm fees refunded. Was such a nice surprise

[@Prof.Albusdumbledore]

Wait then how do I accept direct deposit if I don’t have a debit cart checking and savings?

[@mrbigcat9]

With the Schwab debit card when traveling outside the USA you will get the best exchange rate at any ATM? BTW you can link the debit card to your brokerage account and you don't have to have a checking account?

[@AmtrakandAWVRFan]

When you use the card, as long as you do not accept the conversion offered by the ATM, meaning decline conversion or withdraw in local currency, you’ll get the best exchange rate

[@joeyrocksz]

Which main checking accounts do you recommend ?

[@josephdavis1087]

Am I the only one that’s extremely annoyed with Sofi? Everyone keeps saying that you can put money into your savings account. It automatically divided up into your vault and that’s not true. It only does that with direct deposits just like every other fucking bank does.

[@ArturoCris]

I thought this video was about the best debit card, not a speech on why I don't need a debit card.

[@zion168]

It's unlimited* ATM fee refund with an asterisk, they do kick people out for using it too many times

[@Serve_one_another_with_love]

What about sending money abroad? Is the conversion rate competitive? This is like EQ BANK debit card, no atm fee, no transaction fee

[@iDissectMusic]

I didn't see Link in the description for this card

[@Adiscretefirm]

.4% isn't good by any means, but for a checking account 0% is standard

[@johnsfinancetips]

haha true!

[@aminabidi7932]

Hello, is the Charles Schwab support only US resident ?

[@ksbma]

do you get reimbursed any conversion fees if you withdraw USDs from a European ATM?

[@nahbicris]

Well interesting with my debit card i get points that can be changed to money to pay anything i want, I have full fraud protection... And then I use my credit card to only make a credit profile. How different its that in the USA.

[@simonvoorspoels5819]

Anyone from Europe here with this card? If I want to sign up for the free debit card (and do not put money in my brokers account). When I want so sign up for an account they take me to an international site and says that the minimum investment for opening an account is US$25,000...

[@Annoyin1321artist]

What do you think of Discover checking account?

[@sirwaltoakcliffbusiness8155]

So if you work at Walmart what’s the best debit card you will pick ????

[@johnsfinancetips]

I wouldn't use a debit card to pay for most things, I'd use a credit card. This debit card is only good because of world wide cash access fee free

[@sirwaltoakcliffbusiness8155]

Ok I was trying to deposit my check I was looking at your video you say some banks will give you 3% back which one is it?

[@carloslevii9719]

My Morgan Stanley debit card have the same benefits 🎉

[@the-eye-is-watching]

I have had nothing but praise for CS until they informed me that because being a US citizen living in the Philippines I will no longer be able to use my debit card, purchase securities or deposit funds into my account. I understand the same holds true for those in Italy, France and Singapore. Schwab has gone from hero to zero by doing this. To make things worse no one will tell us what are the specific reasons for this action. Beware folks they can what ever they want.

[@frankellis9627]

What?! That changes everything! 😲

[@uhmerrykan]

How did they know you are living in the Philippines, did you tell them that? When it comes to financial instiitutions, if you move out of the US and want to keep the accounts open, it's best to not tell them and just keep a US address on file. Otherwise accounts may be shut down.

[@the-eye-is-watching]

@@uhmerrykan When I opened the account living in the PI was no problem. Out of the blue expats living here, Italy, France were all given the boot. Falsifying information, can eventually have repercussions, Being forthright might have it's downside, but at least I don't have to remember my white lies.

[@mikell.6064]

Do they do a hard pull on your credit? I have all my bureaus frozen and wondering if I need to unfreeze

[@Stezworld]

No, CS dont do credit check but I recommend have it unfreeze for a day or two when you apply. I remember I applied for a savings account with CS while my credit frozen and got denied due to chex system being bad. I guess if you have a good chex credit you wont have a problem.

[@Triple.7]

Best Debit card for traveling. As long as you withdraw in (home currency at ATM) The country you are traveling. Even if the machine tells you " are you sure bla bla" you'll thank me later.

[@historyconversation8314]

Which card can I use in my country Serbia.

[@adrianflorescu4080]

Is this available for non-US residents?

[@GurrolaLuis]

Thanks for the info John! Definitely one of the best travel debit cards out there and one that I keep in my wallet when travelling! I wonder if Schwab is still doing hard pulls on your credit when you apply these days. I applied about 4 years ago and got hit with a hard pull.

[@djime083]

Hey Luis. I applied early this month. No hard pull!

[@mostafaelkammah8840]

Is the brokerage Checking debit card looks the same? And has similar benefits?

[@bigboiking9103]

Do you have to be a US citizen to apply?!

[@javierc28]

Hi what you think about Etrade debit card? Thanks

[@nahoou]

Can you confirm or deny if Schwab still does hard pulls for this account?

[@johnsfinancetips]

They used to hard pull. But no longer. Thanks for the question!

[@candy5742]

Is this a Prepaid debit?

[@river_a]

NO,you don’t need a credit score to purchase a home.A debit card is all I need.

[@Smerky]

What’s your referral code man?