Charles Schwab Expands Mobile Banking and Investing Offerings with New App for the iPad®
Clients can now execute trades, check balances, move money, and follow the market on their iPad
Public Company Information:
SAN FRANCISCO--(BUSINESS WIRE)--Expanding its suite of integrated banking and brokerage mobile services for investors, Charles Schwab today announced that a new Schwab app for the iPad is now available for download. iPad users will now be able to transfer funds between Schwab Bank and brokerage accounts, manage their trades and keep up with market information with automatically updating quotes and the latest financial news through their Schwab app.
“The demand for our anytime, anywhere banking and investing approach continues to grow—our mobile customer base has more than doubled since we launched the iPhone app a year ago and today over half a million clients are using Schwab’s mobile apps. The new iPad app gives investors another way to interact with their finances and take advantage of the iPad’s unique features, including larger charts that allow for more detail and interactivity and the ability to display summary and detailed information all at the same time,” said Diane Russell, Charles Schwab senior vice president of platform services.
Using Schwab’s app for iPad, clients will be able to execute trades in their brokerage accounts, view up to 24 months of brokerage or Schwab Bank transaction history, obtain full-page quotes with charts, find the nearest branch with the Schwab Branch Locator and stay on top of the latest news on their investments. Schwab clients will also be able to check the balance of Schwab-administered 401(k)s, stock option plans and Schwab 529 College Savings Plans. This new app complements Schwab’s existing OnInvesting iPad app, an interactive personal finance magazine available to any iPad user.
Schwab plans to add a number of new updates to their mobile apps in early 2012, including Schwab Bank Bill PayTM.
"Our approach to mobile is to benefit as many of our clients as possible in a way that’s complementary to how our clients already engage with us, whether that’s by phone, online or in person,” said Russell.
For more information, visit www.schwab.com/mobile.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.5 million client brokerage accounts, 1.5 million corporate retirement plan participants, 777,000 banking accounts, and $1.67 trillion in client assets as of Nov. 30, 2011. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Independent investment advisors are not owned, affiliated with or supervised by Schwab. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and mortgage services and products. More information is available at www.schwab.com and www.aboutschwab.com. (1211-8211)
Brokerage products: Not FDIC insured – No Bank Guarantee • May Lose Value
Apple, the Apple logo, iPad, and iPhone are trademarks of Apple Inc. registered in the U.S. and other countries.
Android is a trademark of Google Inc. Use of this trademark is subject to Google Permissions.
Usage information based on internal data.
Mobile deposit is subject to limitations and other conditions. Standard hold policies apply. Schwab Mobile Deposit service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed and standard hold policies apply.
System availability and response times are subject to market conditions and mobile connection limitations. Trades received outside normal market hours will be entered the next business day.
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services are offered by Schwab Bank, member FDIC and an Equal Housing Lender.
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