Chang555

UPDATE: I’m happy to share that I’ve successfully converted my account to a Schwab One International account! The process was smooth and took about 18 days to complete. I now have a linked checking account and debit card. They shipped the check, and I believe the debit card is included as well. What I really like about this setup is that the website and app remain exactly the same as before, with the added bonus of being able to manage my new checking account and debit card directly from the same interface. When I initially requested a checking account, they set me up with a Schwab One® brokerage account with checkwriting and a Schwab One VISA® Debit Card. This is similar to a regular checking account, with the added benefit that I can write checks and use the debit card for withdrawals. Since I’m an active day trader, being able to withdraw cash from my cash account using the debit card is perfect for my needs. The downside is that if you want to deposit cash, you’ll have to do it through a wire transfer to your account. Just a heads-up—looks like they now offer the option to use the Symantec VIP app for 2FA, so you don’t need to use your phone number anymore! If you’re thinking about converting to a Schwab One International account, I’d say it’s definitely worth considering. The process was easy, and the features seem like a great fit for anyone in a similar situation to mine. Highly recommend!

Hey everyone, just wanted to share a quick update in case it helps someone! I'm in the process of converting my regular Schwab brokerage account into a Schwab One International account. I also requested a checking account and debit card as part of the setup. I mailed all the required documents yesterday—hoping everything goes smoothly! I used this form: international.schwab.com/resource/update-schwab-one-international-account For 2FA, I use Thinkorswim and the TextPlus app. TextPlus gives you a U.S. phone number for just $1 per year. It works great over Wi-Fi for receiving voice calls and messages, which is useful because Schwab sometimes sends verification codes via an automated voice call when you choose the “Schwab will call” option. Just a heads-up: it doesn’t support regular SMS text messages, but voice works fine. Definitely a handy workaround if you're outside the U.S. Also, a nice update—starting April 2025, Schwab no longer requires a minimum deposit for international accounts. You can open one with any amount you’re comfortable with. They used to require $25,000, but that’s no longer the case. (Source: brokerchooser.com) Hope this helps someone who's looking into it!