Direct Deposit, Direct Debit, and ACH Instructions

Schwab provides the ability for clients to setup a direct deposit, or direct debit, into some of their Schwab accounts. While some payers have their own form to set up direct deposit, if this is not the case and your client is setting up a direct deposit into a Schwab One® account or Schwab Bank® account, see instructions below. These instructions will also apply for setting up a direct debit directly from their Schwab account, however pay special attention to the instructions below as not all account types are eligible for this feature.

Schwab accounts without Schwab One Checks

Accounts without the Schwab One checking feature such as brokerage, Schwab One (including Schwab One with linked Schwab Bank Investor Checking), IRA, etc. For direct deposits to the Investor Checking account, see Schwab Bank accounts below.

Processing bankJ.P. Morgan Chase
ACH credit/debitsIncoming ACH credits only – ACH direct debits not supported
Direct deposit transit-routing instructions
  • Financial institution name: JPMorgan Chase/Account of Charles Schwab
  • Financial institution address: 211 Main Street, San Francisco, CA 94105
  • Financial institution telephone: 800-435-4000
  • Schwab's direct deposit transit routing number: 071000013
  • Account number: Schwab's 9-digit account number, 593853800, plus your client's 8-digit Schwab account number (You must provide all 17 digits to set up direct deposit.)
  • Account type: Checking (Schwab's master account at JPMorgan Chase is a checking account. For proper processing, account type must be designated as "checking," regardless of the type of account your client holds at Schwab.)
  • Account name: Your client's Schwab account registration
Other information
  • For Social Security/Supplemental Security or other federal government income, your client can submit direct deposit instructions at ssa.gov, or they can call the Social Security Administration's ACH Transfer Department at 800-772-1213 and provide the information above to the payer.
  • For ACH credits to Schwab 529/Learning Quest 529 plans, use the following forms, located on the Forms Library, instead of the instructions above:
    • One-time contributions:
      • Schwab 529 College Savings Plan Additional Contribution Form
      • Learning Quest 529 Plan Additional Contribution Form
    • Recurring contributions:
      • Schwab 529 College Savings Plan Account Features Form 
      • Learning Quest 529 Plan Account Features Form

 

Schwab accounts with Schwab One checks

Provide the following ACH instructions to the financial institution sending the deposit to Schwab (may take at least two pay periods to establish). Additionally, the following instructions also apply when establishing a direct debit:

Processing bankBank of New York-Mellon
ACH credit/debitsACH credits and debits both supported
Direct deposit transit-routing instructions
  • Financial institution name: Charles Schwab & Co., Inc.
  • Financial institution address: P.O. Box 982600, El Paso, TX 79998
  • Financial institution telephone: 800-421-4488
  • Direct deposit transit routing number (ABA number): 031100157
  • DDA number: Your client's 10-digit checking account number located at the bottom of a Schwab One check (This checking account number always starts with the number 7.)
    • The 10 digital DDA number can also be located on the Profiles tab next to Client check writing.  
  • Account type: Checking
Other informationIf a client's account recently converted to a Schwab One with Investor Checking account, any automatic payments, and direct deposits from their old account must be reestablished with Schwab Bank.

The above stated BNY Mellon routing instructions will no longer work 90 days after the conversion to Schwab Bank Investor Checking.

Use alternate routing instructions provided for Schwab Bank accounts stated below.

Schwab Bank accounts

Schwab Bank Investor Checking and Schwab Bank Investor Savings accounts provide the following ACH instructions to the financial institution sending the deposit to Schwab (or you can use a Schwab Bank Direct Deposit Set-Up Information form). Additionally, the following instructions also apply when establishing a direct debit:

Processing bankSchwab Bank
ACH credit/debitsACH credits and debits both supported
Direct deposit transit-routing instructions
  • Financial institution name: Charles Schwab Bank
  • Financial institution address: 2360 Corporate Circle, Henderson, NV 89074 
  • Financial institution telephone: 877-824-5625 
  • Direct deposit transit routing number: 121202211 
  • 12-digit checking account number (where "XXXXXXXX" represents the client's 8-digit Schwab Bank account number):
    • Checking: 4400XXXXXXXX
    • Savings: 3000XXXXXXXX
    • Account type: Checking or Savings
Other informationFor Investor Savings accounts, use the routing number listed in the section above, not from a deposit slip.

For direct deposits linked to the Schwab One accounts, see Schwab accounts with Schwab One checks above.