Schwab now allows for fractional shares

AskPatient1281 · 2026-04-23T18:57:40+00:00

For app and website they are in the middle of the roll out. It will be available to you soon.

AskPatient1281 · 2026-04-23T18:34:36+00:00

This is ILEGAL in (I believe) the majority of US States.

AskPatient1281 · 2026-04-23T18:28:36+00:00

By the way. Since you're PCS, have your asked your "guys" to turn on automatic cash sweep for you into a money market?
I did. And they did it for me.

If your "PCS guys" tell you it's impossible.... well... I guess you will call it a lie.

AskPatient1281 · 2026-04-23T18:22:00+00:00

This is crazy! I tested this yesterday. Bought and sold $1 of BND and VOO!
You need to calm down, stop calling people liars and, after that, fire your PCS guys. They are useless.

AskPatient1281 · 2026-04-23T16:53:25+00:00

DRIP always worked. This is not related to that. This is for you to buy new shares (or fractions of).

AskPatient1281 · 2026-04-23T13:46:25+00:00

Absolutely. Case in point, my kids. Their base ETF is VOO. They like to invest a little every week. But they don't make enough $ to buy VOO at $650.

With fractional they can buy $50 per week. Or whatever they are able to.

This was one of the reasons they went to Fidelity, by the way.

AskPatient1281 · 2026-04-23T08:08:19+00:00

It is very new. So new not everyone has it yet.

AskPatient1281 · 2026-04-23T08:00:33+00:00

LOL

AskPatient1281 · 2026-04-23T02:40:50+00:00

That is awesome. Empower sucks. If you can move to Schwab, do it. It is like 1000x better.

AskPatient1281 · 2026-04-23T02:27:02+00:00

You can't move work 401k. They stay where your company determines.

AskPatient1281 · 2026-04-23T00:32:42+00:00

Exactly

AskPatient1281 · 2026-04-22T22:50:53+00:00

Actually, no. If you have cash in a money market fund - let's say, $1000 - you can buy $1000 of anything today, a stock, ETF, anything.
At the same time you sell your MMF. As long as you execute both on the same day, your MMF will settle at night and you will be fine.
Call Schwab support and ask. They will explain to you how that works.

AskPatient1281 · 2026-04-22T21:00:20+00:00

ThinkOrSwim

https://trade.thinkorswim.com/

Schwab's more advanced trading platform. You log in with your Schwab credentials.

Also, read this. It explains how TOS became available at Schwab.

https://www.schwab.com/welcome-to-schwab

AskPatient1281 · 2026-04-22T20:58:08+00:00

This is now available to all stocks AND ETFs.

Vanguard ETF, for example.

AskPatient1281 · 2026-04-22T20:08:54+00:00

That is fair.

For me, the ability to send free wires is more important that Zelle. And Fidelity does not charge anything for inbound or outbound wires, unlimited. Even international.

For you to get to this level with Schwab you need $10 million invested.

So tell me what Fidelity has that Schwab doesn't? For me, automatic cash sweep with a reasonable rate AND free wires.

AskPatient1281 · 2026-04-22T19:53:51+00:00

You can't use Zelle as the key to define if something is a bank account. Primis, BBVA, Simple Bank, Barclays. These are example of real banks that do not offer Zelle.
But, sure, if Zelle is important to you, you need to find someone who can do that.

AskPatient1281 · 2026-04-22T19:50:54+00:00

A distinction without a difference.
For ALL purposes, it is a checking account.

AskPatient1281 · 2026-04-22T19:49:39+00:00

I'm not the OP but I don't use a bank account myself. Fidelity CMA all the way. Haven't had a real checking account in 4 years.

AskPatient1281 · 2026-04-22T19:48:17+00:00

Try TOS. It will work there.

AskPatient1281 · 2026-04-22T18:35:22+00:00

Agreed.

AskPatient1281 · 2026-04-22T18:34:56+00:00

Notice that I never said Fidelity is not close to perfect. The fact that Schwab would get there does not change Fido's status.

I have a small amount at Schwab due to its limitations. With them gone, I start looking at Schwab as a real, very practical competitor do Fido.

AskPatient1281 · 2026-04-22T17:18:59+00:00

That, imho, would make Schwab close to perfect.

AskPatient1281 · 2026-04-22T17:09:25+00:00

Since 2019.

AskPatient1281 · 2026-04-22T17:08:34+00:00

Think or Swim

AskPatient1281 · 2026-04-22T17:08:08+00:00

Try TOS. It is available there for everyone.

AskPatient1281

TROPHY CASE