Yes but so far it hasn’t been a deal killer for me.Don't you have to do a lot of selling and transfers to the checking account to make cash management work?I moved to Schwab in 2021 due to large transfer bonus (14k) and overall it’s been good.
I consolidated all my account there and my 401k is also there. Cash management is not a big deal and I like their checking account. I use the Zelle feature often. Everything works smoothly.
The checking account is great otherwise.
For me, the clean look at my total financial picture (minus some private shares in company I work for) in one place (company 401k also at CS) is worth the trouble of moving cash around a bit. I try to keep the checking balance low but not the end of the world if I don’t optimize that to the extreme.
Statistics: Posted by adave — Sun May 19, 2024 7:45 pm