The Charles Schwab Company was a pioneer in the discount brokerage business and it has brought that same low-cost, high-quality mindset to their checking product. Though their "High Yield Investor Checking" account must be associated with a Schwab brokerage account, customers do not have to keep any assets in the brokerage account. The Schwab checking account is simply one of the lowest fee products on the market, allowing consumers to avoid every monthly charge assessed by traditional banks. With the reimbursement of all ATM fees, customers are free to use any ATM in the world and have the fees credited monthly on their statement. The High Yield Investor Checking account is highly recommended for consumers who do not require a local branch, are willing to work with the mobile app for deposits, and have plans to use the company's numerous investing tools.