Does MemoryBank work with Schwab?

Yes. Charles Schwab links to MemoryBank, read-only, through Plaid (it's in Plaid's current list, checked 2026-11-02). Your child's Schwab account shows in their own view next to their other accounts, with live prices and plain-English explanations from Penny.

Schwab accounts for kids

Schwab offers several ways to invest for a child, from custodial accounts to a teen account the child helps run.

Custodial account (UTMA/UGMA)

A brokerage account an adult manages for a minor; the child takes it over at the age set by your state.

Custodial Roth IRA

A Roth IRA for a minor with earned income, managed by an adult until the child comes of age.

Schwab Teen Investor

An account for ages 13 to 17, held jointly with a parent.

Account details are as described by Charles Schwab in November 2026 and can change; check there before opening an account. MemoryBank isn't affiliated with Charles Schwab. Sources: Schwab: investment accounts for kids.

How to connect Schwab

  1. 1Create a free MemoryBank account and add your kids.
  2. 2On the Starter or Family plan, choose Connect an institution, then “Brokerage, retirement, or 529”.
  3. 3Search for Charles Schwab on the Plaid screen and sign in there. MemoryBank never sees your login.
  4. 4Pick your child's Schwab accounts, then assign each one to the right kid.

Prefer not to link? Add the account by hand on any plan, including Free. Holdings are priced live; a 529 can be a single balance you update when the statement arrives.

What your child sees

On a paired phone, tablet or wall display, your child sees their Schwab account next to everything else that's theirs: the total, how it's growing, and the companies they own, each with a plain-English story. They can ask Penny, the built-in AI money mentor, what anything means at their age, from 5 to 18+. They can't trade, transfer or withdraw; those features don't exist in MemoryBank.

Common questions

Does MemoryBank see the password for Schwab?
No. You sign in to Schwab on a secure Plaid screen, and MemoryBank gets read-only access to the accounts you choose. MemoryBank never sees or stores your Schwab login.
Can my child trade or withdraw from the Schwab account in MemoryBank?
No. MemoryBank is read-only for kids and parents alike: no trading, transfers or withdrawals. The account stays at Schwab and you manage it there.
What if my child's Schwab account doesn't show up when I connect?
When you connect, Plaid shows the accounts available under your Schwab login and you pick your child's. If one doesn't appear, add it as a manual account: enter the holdings (priced live) or a single balance. Manual accounts work on every plan, including Free.
Do I need a paid plan to link Schwab?
Linked accounts are on the Starter and Family plans. On the Free plan you can add the same account by hand and update it yourself.

Other brokerages: Fidelity · Vanguard · E*TRADE · Merrill · Robinhood · Webull · Edward Jones · Interactive Brokers · T. Rowe Price · Acorns · M1

529 plans: my529 · ScholarShare 529 · Bright Start · Invest529 · Texas College Savings Plan · Path2College 529 · search every institution

Their money is growing. Let them see it.

Free to start. Connect the accounts you already have and give your kid their own view.

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MemoryBank is not a brokerage. It cannot receive, keep or transfer securities, and it never holds your money.