Any non-US resident opened an account with Charles Schwab?

[bibing]

As per title. I see they have a great brokerage account and they offer a debit card with many benefits (no withdrawal fees).

What kind of documents they ask for?

Can you state you are resident in a non-CRS country? What proof they will need for that?

 

[latindev]

I have an account with them and I'm not a US resident, no debit card‌ because it's a foreign brokerage account and that option is not for everybody. Not sure‍ about the non-CRS country question

 

[bibing]

Actually after I posted I checked and they don't open an account either for my‌ citizenship country and for my residential country. That's annoying.

 

[RexS9999]

Will they open for a Canadian residing in the Philippines?

 

[Clank]

I have an account with Schwab USA and Schwab Hong Kong as a non-resident.

 

[mrau]

Does the USA one work as a regular bank account (with‍ or w/o debit card) with its own details/routing #, etc or its just a brokerage⁠ account for same name transfers and pooled account?

 

[Clank]

You can use it as a⁠ normal account.

 

[mrau]

I just‌ checked and it seems that for non-US residents they only open the brokerage account, not‍ own bank account associated. That combo offer is only for us residents.
The brokerage account⁠ for int'l customers must be funded through a pooled account in the name of Charles⁤ Schwab

 

[Cloudbanck]

I don't know about Charles Schwab, but it often works to open an account in an‍ allowable country, and then tell them you have moved to a non-allowable country.

Also if⁠ you have multiple home bases, or at least places where you have access to utility⁤ bills, and multiple citizenships, there is usually at least one that will work.

 

[Clank]

You can use the brokerage account as⁤ a bank account, when you request the cheque book you are given a unique account⁣ number for deposits and ACH direct debit.

 

[Mercury]

Did you also get the Schwab Visa debit card (the one⁠ with ATM fees refunded) with the non-resident HK brokerage account?

 

[Clank]

No, you only get‍ that with the US account.

 

[TheCryptoAnt]

Maybe we could open‍ one with an ITIN?

 

[Mercury]

It seems‌ you can get the Visa debit card if you open an offshore account through Charles Schwab International

https://www.moneysmart.hk/en/online-brokerage/charles-schwab
"Charles Schwab (International)
More services e.g. free checks, free visa debit card‍ & free atm withdrawal"

 

[369]

international are not getting into schwab banking

 

[RexS9999]

I was told you can open a Schwab International account without giving a TIN. Use‌ your passport number. The US is not part of CRA. Do they send tax info‍ to ones home country, Canada?

 

[JohnLocke]

Did you ever tried it⁠ or where did you get this information from ?

 

[JohnLocke]

This could indeed work. Someone had success to open an account⁠ with Charels Schwab this way?

 

[Houdini]

Why you are all interested in this Charles Schwab ?
https://www.schwab.com/

 

[daniels27]

It was once on some digital nomad blog:
https://www.google.com/search?q=best+bank+accounts+for+nomads+schwab
The main reason to open‍ is that they refund third-party withdrawal fees. You probably save $30 per year, depending on⁠ where you live. There are a few countries which do not have free ATMs. But⁤ in most countries, there are, you can just use those and save yourself the waste⁣ of time of 3 hours per year for maintaining an extra account.