[toweringgoat]

Schwab are great if you only want to keep USD. They're terrible otherwise, including the fact that they charge 1% currency conversion if you send them a non-USD wire.

And they're not a bank, meaning your cash isn't insured. (Unless you reside in the USA, in which case you can get a proper bank account with FDIC insurance).

[JulianWasTaken]

Ah -- makes sense, thanks, I do live in the US, and generally what I need/want the account for is just to be able to take out my USD in other currencies, not particularly to deposit other ones.