SCHWAB phone shops for either checking account or Home Loan

I see MANY of these shops which pay $8 posted every month. Seems they are never taken. Has anyone done any of these- are they not worth the hassle for the $8 fee? Just curious why they sit and sit and never get picked up. TIA

Create an Account or Log In

Membership is free. Simply choose your username, type in your email address, and choose a password. You immediately get full access to the forum.

Already a member? Log In.

The trick with these is that they want you to speak with someone on the phone who is located at the physical branch. After a few rings, the system transfers you to a call center, and you are supposed to ask to be transferred back to the branch. Well, the branch just automatically transferred you because no one picked up, so you don't have a great chance of reaching someone immediately after. The call center rep will try to explain this to you and emphasize that they are happy to help and perfectly qualified. The call center rep will not present themselves as being at the call center, so it is possible to do the entire shop thinking that you are working with the target branch then have the shop invalidated (The guidelines tell you to make sure you are speaking to someone at the branch). It's been a while since I've done one of these, but most of them took multiple call attempts. The assignment itself is not difficult once you are speaking to someone.

Edited 2 time(s). Last edit at 05/18/2025 04:23PM by rgrooms27.
sounds like a pain in the neck shop not worth the relatively low fee for a lot of trouble
Sorry, only registered users may post in this forum.

Click here to login