Schwab Mobile Apps

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March 31, 2013

Schwab Mobile Apps

SCHWAB MOBILE APPS

We are living in a very fast-paced world and are constantly on the move!  Accordingly, you may find it easier to stay connected to your accounts with Schwab Mobile apps.  Schwab Mobile is available on any Android™-powered device, iPad®, iPhone® or Kindle Fire.  All devices allow you to actively manage you accounts with the ability to view accounts, follow market news, get real-time quotes and even transfer money.

Schwab Mobile is available on Android™ OS 2.1 & higher, iPad 2 & higher and iPhone iOS 4 & higher.  The apps can be downloaded through either Google Play, iTunes® Store or Amazon Appstore for Android™ or the Kindle Fire.

You can even deposit checks remotely via Schwab Mobile Deposits on your iPhone®, iPad®, or Android™-powered device.  It’s easy, convenient, fast and secure.

Before you can begin depositing checks with your device, you need to apply for this service.  You can apply quickly and easily on your device:

  • Log in to Schwab Mobile on your device.
  • Tap deposit check.
  • When the Apply for Schwab Mobile Deposit screen appears, tap Apply.
    • If you have both brokerage and bank accounts, you will be asked to specify which account(s) to authorize for Mobile Deposit.  Tap Schwab Brokerage, Schwab Bank, or Both, then tap Apply.
    • While the application is being submitted, do not answer calls or navigate away from the screen until the submission is complete.
    • If your application is approved, you can start depositing.
      • An email notification of your enrollment status will be sent to you within 3 business days.  You can also check the status of your application on your mobile device.
      • If your application has been approved, just read and accept the Terms and Conditions and tap I consent and Submit.  You may begin making mobile deposits.

How to make a deposit:

  • Log in to Schwab Mobile.
  • Tap Deposit Check.
  • If you have multiple Schwab and Schwab Bank accounts, you will be asked to indicate your choice.  Please note that you cannot divide an individual check among multiple accounts.
  • Enter the check amount.
  • Take clear pictures of both sides of your check.  The back of the check should be endorsed with the signature of the payee.
  • Tap Review Deposit and review all information for accuracy.
  • Tap Deposit.
    • A progress bar will indicate that your deposit is being transmitted to Schwab.  Do not answer calls or navigate away from the screen until the submission is complete.
    • Receive a Deposit Acknowledgement.
      • After you have made your deposit, you will see an acknowledgement with a reference number that confirms receipt of your check images and deposit information.
      • You are now ready to make another deposit, view the status of your deposit or log out.
      • The status of the check deposit is available on the Deposit Status tab and will indicate a Processing, Deposited, or Unable to Process status.
      • When the deposit amount is posted to your account, the Deposit Status tab will show Deposited, and an email will also be sent to you confirming the deposit.  Deposits made before 4 p.m. local time are generally posted to your account the same day.  Please note that standard deposit hold policies apply.

After you deposit:

  • Regularly review your deposit status to see when the check is posted to your account.
  • If your check cannot be posted for some reason, Schwab may ask you to redeposit it.  Do so only if requested.
  • Once you have received a confirmation email that the check has posted, write ELECTRONICALLY PRESENTED across the top half of the face of the check.
  • Keep your check for 14 days after it has posted to your account.
  • Securely destroy the check 14 days after it has posted to your account.

You may still have questions once you are logged into Schwab Mobile.  There is a FAQ section under the Mobile Deposit tab.  And as always, Schwab Alliance is available 24/7 to answer any questions or provide further assistance at 800-515-2157.  Of course, you can always continue to send your checks to us to deposit on your behalf, if that is easiest for you!