All brokers › Charles Schwab
Charles Schwab fees: the fine print
Per its official pages, Charles Schwab's full transfer-out fee is $50, its reverse split / mandatory reorg fee is $0, and it pays 0.01% APY on uninvested cash as of Oct 30, 2026 (checked Oct 30, 2026).
Last updated · 4 official sources (listed below)
Broker · 7 of 8 facts found on official pages · every fact quoted and dated.
Full ACATS transfer-out fee
$50
"Transfer (out) of assets: … Full … $50 per account"
Partial transfer-out fee
$0
"Transfer (out) of assets: … Partial … $0 per account"
Reverse split / mandatory reorg fee
$0
"Security reorganization: … Voluntary, mandatory, and post-effective … $0"
Fractional shares after a reverse split
Not published
Schwab's split FAQ (schwab.com/node/46811) is JS-rendered; not captured yet.
Voluntary reorg / odd-lot tender fee
$0
"Security reorganization: … Voluntary, mandatory, and post-effective … $0"
DRIP (auto dividend reinvestment)
Yes
"Accumulate more shares with automatic dividend reinvestment of cash dividends and capital gains distributions."
Fractional share trading
Yes (Stock Slices, $1 min)
"A fractional share is a slice of a stock or ETF that lets you invest a dollar amount instead of buying a full share. This means you can start investing with as little as $1"
Rate on uninvested cash
0.01% APY
"Uninvested cash in your Schwab brokerage account … 0.01% APY"
Bank Sweep / Schwab One Interest (same rate). Money funds such as SWVXX pay more but are not the default.
Questions
How much does Charles Schwab charge to transfer an account out?
$50 for a full outgoing transfer; partial transfers: $0, per its official fee page.
Does Charles Schwab charge a fee for reverse splits or mandatory reorganizations?
$0.
What does Charles Schwab charge for tender offers and other voluntary corporate actions?
$0.
Sources
- https://www.schwab.com/cash-investments
- https://www.schwab.com/fractional-shares-stock-slices
- https://www.schwab.com/legal/schwab-pricing-guide-for-individual-investors
- https://www.schwab.com/stocks/dividend-reinvestment-plan
Each source was read on or before Oct 30, 2026. Fees and rates change; confirm on the broker's site before acting.