The Charles Schwab debit card available through its High Yield Investor Checking account is a must-have for US-based international travelers.
Frequent Flyer University found a $100 sign-up bonus for $10,000 account minimum (including investment accounts) and succintly lists the great benefits, “NO FEES, NO MINIMUMS, NO DIRECT DEPOSIT REQUIREMENTS, FREE CHECKS, FREE ATMS WORLDWIDE, NO FOREX, & EXCELLENT CUSTOMER SERVICE.” The $100 bonus is part of a Schwab referral program of which there is little online explanation, see here (this link to my knowledge does not provide compensation to me or anyone else and is available by public Google search).
I have had this account for several years and only have positive things to say about Schwab. I also have a companion business Sole Proprietorship account with its own debit card as my travel decoy and backup, the ‘rob me’ card with $100 on it.
My debit card expires this month and the replacement arrived today. To my surprise the card includes an EMV chip which I believe is the first publicly available chip-equipped debit card for US bank accounts. This is Chip + Signature, not Chip + PIN, so I am not sure how useful it will be for situations such as Europe unattended gas stations.
I referred over to the FlyerTalk USA EMV cards available today thread. No surprise the enthusiasts there uncovered this last week when a contributor had a replacement for a lost card. Summarizing hundreds of posts in a sentence: Schwab debit card now EMV chip, you can request a new one so don’t report as lost when it isn’t, though it is currently only for High Yield Investor Checking not other Schwab One Brokerage or other accounts, but this may not be a big deal, and here’s how card readers process it.