Charles Schwab is a specialized banking institution that operates as the banking subsidiary of The Charles Schwab Corporation, one of America's largest investment services firms. Operating as Charles Schwab Bank, SSB (State Savings Bank), the bank provides deposit and lending services primarily to clients of Charles Schwab's brokerage and wealth management platforms.
With approximately $243.1 billion in total assets, Charles Schwab Bank supports the broader Schwab enterprise by offering integrated banking solutions that complement investment and brokerage services. The bank serves customers who are primarily active participants in Schwab's investment ecosystem.
