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Anurag Angara's avatar

From a consumer’s perspective what’re the tradeoffs between the brokerage option with Fidelity, and the checking account with Schwab Bank?

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DIYFI | Rutvik's avatar

None! I’ve tested both; Fidelity does reimbursements within a day while Schwab consolidates them at month end.

If you use one as your brokerage, I’d recommend that one to consolidate log-ins. But if you use neither currently, I’d view them as interchangeable.

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