Compare › E*TRADE vs Charles Schwab
E*TRADE vs Charles Schwab: fees and fine print
Full transfer-out: E*TRADE $75 vs Charles Schwab $50; reverse split/mandatory reorg: E*TRADE $38 vs Charles Schwab $0; cash rate: E*TRADE 0.01% APY vs Charles Schwab 0.01% APY, per each broker's official pages (checked Oct 30, 2026).
Last updated · 7 official sources (listed below)
The costs that don't show up in "$0 commissions": leaving, reverse splits, tender offers, and what idle cash earns. Every cell links to the broker's own page.
Where they differ
- Full ACATS transfer-out fee: E*TRADE $75 vs Charles Schwab $50
- Partial transfer-out fee: E*TRADE Not published vs Charles Schwab $0
- Reverse split / mandatory reorg fee: E*TRADE $38 vs Charles Schwab $0
- Voluntary reorg / odd-lot tender fee: E*TRADE $38 vs Charles Schwab $0
- Fractional share trading: E*TRADE Yes vs Charles Schwab Yes (Stock Slices, $1 min)
| Fact | E*TRADE | Charles Schwab |
|---|---|---|
| Full ACATS transfer-out fee | $75 source · Oct 30, 2026 | $50 source · Oct 30, 2026 |
| Partial transfer-out fee | Not published | $0 source · Oct 30, 2026 |
| Reverse split / mandatory reorg fee | $38 'The reorganization charge will be fully rebated for certain customers based on account type.' source · Oct 30, 2026 | $0 source · Oct 30, 2026 |
| Fractional shares after a reverse split | Not published | Not published |
| Voluntary reorg / odd-lot tender fee | $38 Rebated for certain account types. source · Oct 30, 2026 | $0 source · Oct 30, 2026 |
| DRIP (auto dividend reinvestment) | Yes source · Oct 30, 2026 | Yes source · Oct 30, 2026 |
| Fractional share trading | Yes Up to 3 decimal places on eligible stocks and ETFs. source · Oct 30, 2026 | Yes (Stock Slices, $1 min) source · Oct 30, 2026 |
| Rate on uninvested cash | 0.01% APY 0.01% for balances up to $499,999; 0.05% at $500k–$999,999; 0.15% at $1M+. source · Oct 30, 2026 | 0.01% APY Bank Sweep / Schwab One Interest (same rate). Money funds such as SWVXX pay more but are not the default. source · Oct 30, 2026 |
Full pages: E*TRADE fees · Charles Schwab fees · E*TRADE cash rate · Charles Schwab cash rate
Questions
Is it cheaper to leave E*TRADE or Charles Schwab?
Full transfer-out: E*TRADE $75, Charles Schwab $50 (official fee schedules).
Which pays more on cash, E*TRADE or Charles Schwab?
E*TRADE: 0.01% APY (0.01% for balances up to $499,999; 0.05% at $500k–$999,999; 0.15% at $1M+). Charles Schwab: 0.01% APY (Bank Sweep / Schwab One Interest (same rate). Money funds such as SWVXX pay more but are not the default).
Sources
- https://us.etrade.com/l/options-uninvested-cash/sweep-rates
- https://us.etrade.com/what-we-offer/investment-choices/fractional-shares
- https://us.etrade.com/what-we-offer/pricing-and-rates
- 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.