ted@teldata.UUCP (Ted Becker) (04/06/84)
********** I just closed out my Schwab One account, not because I didn't like it, because I needed the $500.00 cash. The checks they give you are on an Ohio bank and may give you trouble cashing an out-of-state check at some places. If you over draw (dip into the $500) they bounce it back and charge you $9.00. The VISA card you get is a debit which eliminates the free credit advantage of a credit card. The monthly statements are nearly impossible to understand. In a month or so, when my cash flow problem is over (had to pay the IRS), I intend to reopen my Schwab One account. Where else can you get 9% on money in a checking account? I think it would even be worth it to borrow the opening amount for 2 months to open the account. If you have some securities the minimum balance could be covered by them.