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Personal Finance · head to head

Quicken vs Charles Schwab

Quicken logo

Quicken

Personal Finance

Take control of your finances

From
$3.99/month
Rated
-
Full reviewWebsite
Charles Schwab logo

Charles Schwab

Personal Finance

Investing made simple

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Quicken quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal; Charles Schwab broker-assisted trades cost $25 and automated phone trades cost $5 in addition to the standard $0 online commission, per the App Store listing for Schwab Mobile
  • They diverge on capability: Quicken covers Budget creation, Charles Schwab covers Commission-free trading.

Where they differ

Only the attributes on which Quicken and Charles Schwab actually diverge.

Attributes where Quicken and Charles Schwab differ
AttributeQuickenCharles Schwab
Starting price$3.99/monthOn request
Pricing modelsubscriptiontransaction
PlatformsWeb, iOS, Android, Windows, macOSWeb, IOS, Android
CategoryPersonal FinanceUnknown
Founded19831971

Identical on both: free tier (No), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Quicken

  • Budget creation
  • Bill management
  • Investment tracking
  • Tax planning
  • Credit cards
  • Windows support
  • Mac support

Only in Charles Schwab

  • Commission-free trading
  • Retirement planning
  • Wealth management
  • Research tools
  • Web support
  • Android support

Both cover

  • Bank accounts
  • Investment accounts
  • IOS support

What people use each for

The jobs each tool is most often brought in to do.

Quicken

  • Individuals managing personal finances via Quicken Simplifi cloud app for budgeting and savings trackingnot Charles Schwab
  • Freelancers and self-employed managing business and personal finances via Quicken Business & Personal plannot Charles Schwab
  • Users preferring local data storage via Classic desktop editionsnot Charles Schwab

Charles Schwab

  • Budget Managementnot Quicken
  • Expense Trackingnot Quicken
  • Investment Trackingnot Quicken

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Quicken

  • Quicken Simplifi (cloud version) costs $3.99 annually if billed yearly, but renews at full price $6.99/month unless cancelled before renewal
  • Renewal pricing significantly higher than introductory rate; annual cost jumps from $47.88 (promotional) to $83.88 (regular renewal)

Charles Schwab

  • Broker-assisted trades cost $25 and automated phone trades cost $5 in addition to the standard $0 online commission, per the App Store listing for Schwab Mobile
  • Options trades carry a $0.65 per-contract fee on top of the $0 online commission, per the App Store listing for Schwab Mobile

Pricing, plan by plan

Quicken

$3.99/month

No published plan breakdown. See the Quicken review.

Charles Schwab

On request
  • Individual BrokerageFree
    • Commission-free trading
    • Research tools
  • Schwab Advisor Services$undefined/month
    • All Brokerage features
    • Wealth management
    • Personal advisors

Which should you pick?

Choose Quicken if

  • You need budget creation.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want bill management.
Quicken review

Choose Charles Schwab if

  • You need commission-free trading.
  • You work on Web, IOS, Android.
  • You also want retirement planning.
Charles Schwab review

Questions people ask

Is Quicken or Charles Schwab better?
Neither clearly leads. Quicken starts at $3.99/month and Charles Schwab at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Quicken or Charles Schwab?
Quicken starts at $3.99/month and Charles Schwab at On request.
Does Quicken or Charles Schwab run on more platforms?
Quicken runs on Web, iOS, Android, Windows, macOS. Charles Schwab runs on Web, IOS, Android.
What is Quicken best used for?
Quicken is most often used for individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking, freelancers and self-employed managing business and personal finances via quicken business & personal plan, users preferring local data storage via classic desktop editions. Of those, individuals managing personal finances via quicken simplifi cloud app for budgeting and savings tracking and freelancers and self-employed managing business and personal finances via quicken business & personal plan are not what Charles Schwab is typically brought in for.
What can Quicken do that Charles Schwab cannot?
Quicken covers Budget creation, Bill management, Investment tracking, Tax planning. Charles Schwab covers Commission-free trading, Retirement planning, Wealth management, Research tools. Both handle Bank accounts, Investment accounts, IOS support.
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