Schwab Rollover IRA
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- Finance
$0 minimum, $0 commissions, integrated banking, robo-advisor option. Best for those wanting bank + brokerage.
🏦 Best for banking integration
Initiate at schwab.com. Schwab's transfer bonus offers rotate — check current promo before initiating. The bonus is paid 30-60 days after rollover completion.
Schwab Rollover IRA is the right pick if you want bank + brokerage integration. $0 minimum, $0 commissions, Schwab Bank checking with no foreign transaction fees + free ATM worldwide. The Schwab Intelligent Portfolios robo-advisor is free (no advisory fee — they make money on cash drag). Transfer bonus typically $100-300. Schwab acquired TD Ameritrade in 2023; the ThinkOrSwim platform is now part of Schwab.
Pros
- $0 minimum, $0 commissions
- Free ATM worldwide via Schwab Bank checking
- Free Intelligent Portfolios robo-advisor
Cons
- Intelligent Portfolios has high cash allocation (cash drag)
- Less ETF expense ratio leadership than Vanguard
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