Switching from Fidelity to Schwab, worth it?

I've been with Fidelity for about 7 years but Schwab keeps popping up in my research as having better checking/banking features. Thinking about consolidating everything at Schwab.

Main reasons I'm considering it:
- Schwab checking has no foreign transaction fees and unlimited ATM fee rebates worldwide. I travel for work 3-4 times a year internationally.
- Want everything under one roof (investing + checking)
- Heard their customer service is good

Anyone switched from Fidelity to Schwab? Was it worth the hassle? Any gotchas I should know about?

I actually went the opposite direction -- Schwab to Fidelity -- about 2 years ago. The checking account at Schwab is genuinely amazing for travel though, you're right about that. I kept my Schwab checking open just for that and moved everything else to Fidelity.

The Schwab brokerage experience is fine but I find Fidelity's app slightly better and their fund options (especially the zero expense ratio funds) are hard to beat. Schwab's equivalent ETFs like SCHB and SCHX are great too though, so it's kind of a wash on the investment side.

If the checking/travel benefits are the main draw, why not open a Schwab checking and keep your investments at Fidelity? Best of both worlds.

Both are excellent brokerages. You really can't go wrong with either. That said, some differences worth noting:

Fidelity advantages:
- Zero expense ratio funds (FZROX, FZILX, FNILX)
- SPAXX money market default sweep (better than Schwab's default sweep)
- Fractional shares of any stock/ETF
- Cash management account with 2% back debit card

Schwab advantages:
- Checking account with ATM rebates (best in class)
- Schwab Intelligent Portfolios (robo-advisor) with no advisory fee
- Physical branches if you want in-person help
- Slightly better international investing options

The ACATS transfer process takes about 5-7 business days and is usually smooth. Schwab will even reimburse any transfer fees Fidelity charges (up to $100 I think).

For what it's worth, I use Vanguard for investing and Schwab for checking. The three-headed monster approach.