Fillable Custodial Account Application Schwab One Minor Information (The (Charles Schwab)

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Custodial Account Application Schwab One Minor Information (The (Charles Schwab)

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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial
Account Application
Page 1 of 9
For important disclosures about our relationship with you and the services we can provide, please visit
schwab.com/
transparency.
Schwab.com
1-800-435-4000
(inside the U.S.)
+1-415-667-8400
(outside the U.S.)
1-888-686-6916
(multilingual services)
Account Holder Information
Complete all sections below. We respect your privacy. Charles Schwab & Co., Inc. (“Schwab”) will use the information
you provide to open and service your accounts, communicate with you and provide information about products and
services. Read about Schwab’s privacy policy at www.schwab.com/privacy.
Minor Information (The Account Holder)
As required by federal law,
Schwab will use the
information provided to verify
your identity.
Name Title, First Middle Name Last Name, Suffix
Social Security/Tax ID Number Date of Birth mm/dd/yyyy Are you known by another name? Please specify.
Regulations require that
you provide us with your
legal address.
Home/Legal Street Address No P.O. Boxes City State Zip Code
Include mailing address if
different from your
home/legal address.
Mailing Address P.O. Boxes may be used City State Zip Code
Home Phone
Mobile Phone Work Phone Extension
Mother's Maiden Name
Country(ies) of Citizenship Please list all.
USA
Other(s)
Country of Citizenship 1 Country of Citizenship 2, if applicable
Country of Legal Residence Please select only one box.
USA Other
Other Country of Legal Residence
ID Type and Number Please select only one box and provide the relevant information below.
Driver's License Passport U.S. Government-Issued ID
ID Number Country/State of ID Issuance ID Expiration Date mm/dd/yyyy
Marital Status
Single Married Divorced Widowed Number of Dependents
CLEAR
PRINT
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 2 of 9
Securities industry regulations require that we collect this information.
Employment Information
Please select only one box.
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
Occupation
If you selected “Employed” or
“Self-Employed,” please
select one option that best
describes your occupation.
Business Owner/Self-Employed Executive/Senior Management
Medical Professional Legal Professional
Accounting Professional Financial Services/Banking Professional
Information Technology Professional Other Professional
U.S. Government Employee (Federal/State/Local) Foreign Government Employee (Non-U.S.)
Military Educator
Clerical/Administrative Services Trade/Service Career (Labor/Manufacturing/Production)
Sales/Marketing Consultant
Other Please Specify:
Business Street Address No P.O. Boxes City State Zip Code
The next two questions are required.
You must answer
this question.
Are you affiliated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal
securities broker-dealer?
No Yes
If "yes," you must attach a letter from your employer approving the establishment of your account when
submitting this Application.
Company Name
You must answer
this question.
Are you a director, 10% shareholder or policy-making officer of a publicly held company?
No Yes If "yes," please list all companies below.
Company Name Trading Symbol
Annual Income
Under $15,000 $15,000-$24,999 $25,000-$49,999 $50,000-$99,999 $100,000 or more
Liquid Net Worth
Please select only one box.
Under $25,000 $25,000-$49,999 $50,000-$99,999 $100,000-$249,999 $250,000 or more
$
Specify dollar amount if $250,000 or more
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 3 of 9
Custodian Information
As required by federal law,
Schwab will use the
information provided to verify
your identity.
Name Title, First Middle Name Last Name, Suffix
Social Security/Tax ID Number Date of Birth mm/dd/yyyy Are you known by another name? Please specify.
Regulations require that
you provide us with your
legal address.
Home/Legal Street Address No P.O. Boxes City State Zip Code
Include mailing address if
different from your
home/legal address.
Mailing Address P.O. Boxes may be used
City
State Zip Code
Home Phone
Mobile Phone Work Phone Extension
Required to update the
Minor's account on the web.
Please provide your email address if you would like to access your accounts online. By providing your email address, you
consent to receiving email from Schwab.
Email Address Mother's Maiden Name
Country(ies) of Citizenship Please list all.
USA Other(s)
Country of Citizenship 1 Country of Citizenship 2, if applicable
Country of Legal Residence Please select only one box.
USA Other
Other Country of Legal Residence
ID Type and Number Please select only one box and provide the relevant information below.
Driver's License Passport U.S. Government-Issued ID
ID Number Country/State of ID Issuance ID Expiration Date mm/dd/yyyy
Marital Status
Single Married Divorced Widowed Number of Dependents
Securities industry regulations require that we collect this information.
Employment Information
Please select only one box.
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 4 of 9
Occupation
If you selected “Employed” or
“Self-Employed,” please
select one option that best
describes your occupation.
Business Owner/Self-Employed Executive/Senior Management
Medical Professional Legal Professional
Accounting Professional Financial Services/Banking Professional
Information Technology Professional Other Professional
U.S. Government Employee (Federal/State/Local) Foreign Government Employee (Non-U.S.)
Military Educator
Clerical/Administrative Services Trade/Service Career (Labor/Manufacturing/Production)
Sales/Marketing Consultant
Other Please Specify:
Business Street Address No P.O. Boxes City State Zip Code
The next two questions are required.
You must answer
this question.
Are you affiliated with or employed by a stock exchange or member firm of an exchange or FINRA, or a municipal
securities broker-dealer?
No Yes
If "yes," you must attach a letter from your employer approving the establishment of your account when
submitting this Application.
Company Name
You must answer
this question.
Are you a director, 10% shareholder or policy-making officer of a publicly held company?
No Yes If "yes," please list all companies below.
Company Name Trading Symbol
Investment Experience
Please select only one box.
None Limited Good Extensive
This is required for Minors
who are residents of states
governed by either the
Uniform Gifts to Minors Act or
the Uniform Transfers to
Minors Act (UGMA or UTMA).
Please indicate the age for termination of custodianship and the state law under which this Custodial account will be
governed.
Age of Termination
Governing State Law
The age of custodianship termination varies by state, although many states set the maximum age for termination at 21. If
you do not indicate a termination age, the account will be set up using the default age for termination in the Custodian’s
state of residence. If the termination age selected is different from the state’s default age, the Custodian agrees and
acknowledges that he or she is responsible under UGMA or UTMA for determining the proper termination age and that
Schwab is not responsible for doing so. If you have questions about the termination age, please consult your legal or tax
advisor. Schwab may restrict the Custodian’s access to the account and register the assets in the beneficiary’s name
upon the beneficiary reaching the age of termination.
You understand that by electing to extend custodianship to age 25, if applicable, you may lose your annual exclusion from
federal gift tax. You should consult with an attorney or tax advisor before making this election. (Note: Only certain states
allow the custodianship to be extended to the Minor’s 25th birthday. This election may be exercised only in those states
that specifically provide for it.)
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 5 of 9
Trusted Contact Designation
A Trusted Contact Person (“Trusted Contact”)* is a resource Schwab, and your advisor (if you have one), may contact on
your behalf, if necessary, to attempt to address concerns regarding potential financial exploitation, or in communicating
with you regarding issues related to your account(s). A Trusted Contact will not be able to view your account information,
execute transactions in your account(s), or inquire about account activity, unless that person has that authority through
another role on the account(s), such as a trustee or power of attorney. Providing Schwab with Trusted Contact
information is voluntary. We encourage you to provide two Trusted Contacts in the event that one is not reachable in the
future.
• Schwab suggests that your Trusted Contact(s) be someone other than your financial consultant or investment advisor.
• You may name up to two Trusted Contacts.
• The person(s) you name as Trusted Contact(s) will be the Trusted Contact(s) on all of your Schwab accounts, as
provided for in your account agreement.
• For multiple-party accounts, each party can name separate Trusted Contacts.
• The Trusted Contact(s) must be at least 18 years old.
Trusted Contact Information
Trusted Contact information provided on this form will replace all Trusted Contact information currently on file.
Person 1
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
Person 2
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
* If you provide a Trusted Contact Person(s) to Schwab, you understand that you have authorized Schwab and your
advisor (if you have one) to contact the Trusted Contact Person(s) at their discretion and to disclose information about
your account to address possible activities that might indicate financial exploitation of you; to confirm the specifics of
your current contact information, health status (including physical or mental capacity), or the identity of any legal
guardian, executor, trustee, or holder of a power of attorney on your account(s); or as otherwise permitted by FINRA
rules or state law. For more information, please see your Schwab Account Agreement, which is available at
schwab.com/accountagreement.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 6 of 9
Overall Investment Objective of Account
Overall Investment Objective of Account
Please select all boxes
that apply.
Capital Preservation
You are seeking to minimize the potential of losing your initial investment.
Income
You are seeking the continued receipt of current income while recognizing and accepting the risks of
income-generating investments.
Growth
You are seeking to increase the value of your investments over time while accepting price fluctuations
and volatility.
Speculation
You are willing to assume a higher risk of loss in exchange for potentially higher returns.
Required Information About The Account
Source of Funds
Please select all boxes
that apply.
In this section, we’re collecting information about the categories (“sources”) of assets that will be held in your account.
Please select all of the sources of the assets that will be deposited or held in your account, including the original sources
of any assets that will be transferred into the account from another firm.
Salary/Wages/Savings Investment Capital Gains
Social Security Benefits Gifts
Sale of Property or Business Gambling/Lottery
Family/Relatives/Inheritance Other Please Specify:
Purpose of Account
Please select all boxes
that apply.
General Investing Investing for Estate Planning Investing for Tax Planning
(e.g., municipal bonds, etc.)
Investing for College
Investing for Retirement
Investment of Pooled Assets
(e.g., funds from individual investors that are
aggregated for investing purposes)
Other Please Specify:
Brokerage Features
Your Consent to Enroll in Schwab's Cash Features Program
The Cash Features Program is a service that offers the Bank Sweep feature (a “Cash Feature”) to permit your uninvested
cash (the “Free Credit Balance”) to earn income while you decide how those funds should be invested longer term.
You understand that additional information about the Cash Features Program and each Cash Feature is available in the
Cash Features Disclosure Statement.
By signing this Application, you consent to having the Free Credit Balance in your brokerage account included in the Cash
Features Program, as described in the Cash Features Disclosure Statement.
The Bank Sweep feature is designated as the Cash Feature for brokerage accounts of account holders residing in the U.S.
Through the Bank Sweep feature, Schwab automatically makes deposits to and withdrawals from deposit accounts at one
or more banks affiliated with Schwab (“Sweep Banks”). Your deposits at each Sweep Bank are insured by the Federal
Deposit Insurance Corporation (FDIC) up to $250,000 (including principal and accrued interest) when aggregated with all
other deposits held by you in the same insurable capacity at that bank. Your funds may be placed in a Sweep Bank in
excess of the FDIC insurance limit. In certain limited circumstances, Schwab may place your funds in a sweep money
market fund. Please see the Cash Features Disclosure Statement for additional information.
You understand and agree that Schwab can (1) make changes to the terms and conditions of the Cash Features Program;
(2) make changes to the terms and conditions of any Cash Feature; (3) change, add, or discontinue any Cash Feature; (4)
change your investment from one Cash Feature to another if you become ineligible for your current Cash Feature or your
current Cash Feature is discontinued; and (5) make any other changes to the Cash Features Program or Cash Feature as
allowed by law. Schwab will notify you in writing of changes to the terms of the Cash Features, changes to the Cash
Features we make available, or changes to the Cash Features Program prior to the effective date of the proposed change.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 7 of 9
Paperless Document Enrollment
Here’s how paperless works: You will receive account statements, trade confirmations, shareholder materials, account
agreements and related disclosures, and other regulatory documents, if available in paperless form, by email. For certain
documents, including account statements, you will receive an email notification with a link to log on to our secure website
to access your documents. For complete information, please see Important Information About Your Informed Consent to
Receive Paperless Documents in the Appendix to this application.
To opt for Paperless Documents, simply provide your email address in the Account Holder Information section of this
form. The completion of your enrollment will depend on one of the following scenarios.
Scenario 1:
If you already have an account enrolled in Paperless Documents using the email address provided on this form, have
logged on to Schwab.com in the past six months, and agree to the following, your paperless enrollment will be complete
once your account is opened.
• I have read and understood the Important Information About Your Informed Consent to Receive Paperless Documents
in the Appendix to this application and consent to enrolling this account in Paperless Documents.
• I understand that I will receive an email with my new account agreement and related disclosures.
Or
Scenario 2:
If you do not have an existing account enrolled in Paperless Documents, are using a different email address, or have not
logged on to Schwab.com
in the past six months, we will send you an email after the account is opened. To complete
enrollment, you will need to click the “I Consent” button in that email and/or follow the instructions to access
Schwab.com. If you do not click the “I Consent” button, this account will not be enrolled in Paperless Documents and we
will send your account agreement and related disclosures, as well as future regulatory documents, by postal mail.
If you do not want to participate in Paperless Documents, please check the box below.
No, do not enroll my account in Paperless Documents. Please send my regulatory documents via postal mail.
Schwab One
®
Checks (Optional)
Schwab One and Schwab One Trust accounts must have at least a $100 balance in order to receive a debit card or
checks, unless the account is linked to a Schwab Bank High Yield Investor Checking account.
Upon receipt of your starter checks, you will have the opportunity to order additional customized checks.
Please select one of the
following options.
Issue Schwab One checks.
Do NOT issue Schwab One checks. (You may skip the next question.)
Anticipated Activity
Please select only one. On average, how many times per month do you anticipate writing checks?
Less than 5 times per month 5 to 10 times per month
11 to 20 times per month More than 20 times per month
Fund Minor’s Schwab One Custodial Brokerage Account
Please select one of the
following options.
Enclose a check or money order for specified dollar amount:
$
Make an electronic transfer via Schwab MoneyLink
®
by completing the enclosed form.
Transfer from an outside financial institution by completing the enclosed Transfer Your Account Form.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 8 of 9
Nominate a Successor Custodian (Optional)
Use this section to designate a
Successor Custodian to act on
behalf of this account in the
event of your incapacity,
death, resignation or removal
as Custodian.
This is a nomination only. To activate the role of a Successor Custodian, the account registration must be changed.
I hereby nominate as Successor Custodian of the account:
Name of Successor Custodian
This designation shall take effect as to this account in the event of my incapacity, death, resignation or removal as
Custodian.
In Witness Thereof, I have executed this Designation of Successor Custodian option on:
mm/dd/yyyy
Witness (The witness may NOT be the individual designated as the Successor Custodian or Custodian and must be at
least 18 years of age.)
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
Today’s Date mm/dd/yyyy
Print Name
Offer/Referral Code
This section is optional.
If you have an offer or referral
code, enter it here.
Terms and conditions may apply. Any taxes related to an offer are your responsibility. You should consult with your tax or
legal advisor regarding any tax implications and the appropriate tax treatment of an offer. For more information regarding
an offer, please call 1-866-469-7017.
You may enter up to three
codes. Your code(s) may
be shorter than the
space provided.
Offer/Referral Code 1
Offer/Referral Code 2
Offer/Referral Code 3
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application
Page 9 of 9
Authorization to Open Account
Please read and sign below. I authorize Schwab to open an account for the benefit of the Minor listed on this Application.
By signing this Application, I acknowledge that I have received and read a copy of the attached Application Agreement,
which contains a predispute arbitration provision. I acknowledge that my signature signifies and constitutes my agreement
that this account and my relationship with Schwab will be governed
by the Application Agreement and all incorporated
agreements and disclosures, including, but not limited to, the Schwab One
®
Account Agreement and the Charles Schwab
Pricing Guide, each as amended from time to time (the “Agreement and Disclosures”). I understand there are fees
associated with establishing, maintaining, engaging in transactions and transferring assets out of this account.
I also acknow
ledge that the securities products purchased or sold in a transaction with Schwab (i) are not insured by the
Federal Deposit Insurance Corporation (“FDIC”); (ii) are not deposits or other obligations of Schwab and are not
guaranteed by Schwab Bank; and (iii) are subject to investment risks, including possible loss of the principal invested.
For purposes of this Account Application and the attached Ap
plication Agreement, the terms “I,” “my” and “Account
Holder” refer to each person who signs this Account Application and apply with respect to both a person’s individual
capacity as well as any applicable representative or fiduciary capacity. The terms “we,” “us,” “our” and “Schwab” refer to
Charles Schwab & Co., Inc. The term “Schwab Bank” refers to Charles Schwab Bank.
I certify, under penalty of perjury, that (1) the number shown on this Application is the correct Taxpayer
Identification Number; (2) I am not subject to backup withholding due to a failure to report interest and dividend
income; (3) I am a U.S. person (a U.S. citizen or U.S. resident alien); and (4) I am exempt from Foreign Account Tax
Compliance Act (FATCA) reporting. I understand that if I have been notified by the IRS that I am subject to backup
withholding as a result of dividend or interest underreporting and I have not received a notice from the IRS advising
me that backup withholding is terminated, I must cross out item 2 above.
The Internal Revenue Service does not require your
consent to any provision of this document other than
the certifications required to avoid backup withholding.
The Agreement with Schwab contains a predispute
arbitration clause. I acknowledge receipt of the
predispute arbitration clause contained in Section 13
on page 2 of the Schwab One Custodial Account
Application Agreement.
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
Next Steps
• Upload online with secure messaging (if you are an existing client and have online access to your account).
1. Go to Schwab.com and log in to your account.
2. Click Message Center (under Service), and then click Upload Document.
• Fax to 1-888-526-7252.
• Bring to your nearest Schwab branch (visit Schwab.com/branch for locations).
• Mail to any of the following addresses:
Regular Mail
Charles Schwab & Co., Inc.
Attn: IS Document Control
P.O. Box 982600
El Paso, TX 79998-2600
Regular Mail
Charles Schwab & Co., Inc.
Attn: IS Document Control
P.O. Box 628291
Orlando, FL 32862-8291
Overnight Mail
Charles Schwab & Co., Inc.
Attn: IS Document Control
1958 Summit Park Dr., Ste. 200
Orlando, FL 32810
Overnight Mail
Charles Schwab & Co., Inc.
Attn: IS Document Control
1945 Northwestern Drive
El Paso, TX 79912
PRINT
This page is intentionally blank.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial
Account Application Agreement
Page 1 of 3
Client Copy - This Agreement relates to your Account and is part of the Account Agreement between each account holder and Charles Schwab &
Co., Inc. (“Schwab”). Please read and retain for your files.
Section 1: Scope of Agreement.
Your agreement with Schwab consists of the
terms set forth in this Application Agreement
and the terms set forth in the Schwab One
Account Agreement, which incorporates the
Charles Schwab Pricing Guide and a number of
other important disclosures. The Schwab One
Account Agreement is provided with this
Application or at the opening of the Account.
You agree to contact Schwab if you do not
receive the Schwab One Account Agreement. In
addition, you may in the future receive from
Schwab supplemental terms or disclosures
that pertain to certain account types, service
features and benefit packages. These
supplemental terms and disclosures, this
Application Agreement and the Schwab One
Account Agreement are collectively referred to
as the “Agreement and Disclosures.” You agree
to read the Agreement and Disclosures
carefully and retain copies for your records.
Section 2: Acceptance of Agreements and
Disclosures.
You agree that the Agreement and Disclosures
govern all aspects of your relationship with
Schwab, including all transactions between
Schwab and you and all products and services
now or in the future offered through Schwab.
Schwab may rely on your use of Schwab’s
products and services as evidence of your
continued acceptance of the Agreement and
Disclosures.
Section 3: Your Representations and
Warranties.
You represent and warrant that: (a) you are of
legal age in the state in which you live and you
are authorized to enter into this Agreement; (b)
you have supplied accurate information in the
Account Application; (c) you agree that all
assets in the Account belong to the beneficiary
and that you will only use the assets for the
beneficiary’s benefit; (d) you agree to transfer
and deliver to the beneficiary all securities and
other property held in this Account promptly
upon the beneficiary attaining the age specified
by the governing state law for termination of
the custodianship; (e) upon the termination of
the custodianship, you agree to provide
Schwab, upon request, with the beneficiary’s
address, phone number and any other
information that may assist Schwab in
contacting the beneficiary; (f) you instruct
Schwab, without further notice or instruction,
to register the Account into the beneficiary’s
name as soon as commercially practicable
after the termination of the custodianship; (g)
you acknowledge that Schwab may restrict
your access to the account upon termination of
the custodianship; (h) no additional
authorizations from third parties are required
for you to open the Account and effect
transactions therein; (i) except as you have
otherwise indicated on your Account
Application or in writing to us, (1) you are not
an employee of or affiliated with any securities
exchange or member firm of any exchange, the
Financial Industry Regulatory Authority (FINRA),
or any securities firm, bank, trust company, or
insurance company; and (2) you are not a
director, 10% beneficial shareholder, policy-
making officer, or otherwise an “affiliate” (as
defined in Rule 144 under the Securities Act of
1933) of a publicly traded company; and (j) this
Application Agreement, as amended from time
to time, is a legal, valid and binding obligation,
enforceable against you in accordance with its
terms.
Section 4: Account Handling.
Schwab will automatically hold all of your
securities purchased, sales proceeds,
dividends and interest. Schwab will also
release your name, address and securities
positions to companies in which we hold
securities for the Account upon request, unless
you notify us otherwise in writing. If you
maintain more than one account at Schwab for
the Minor, you authorize Schwab to transfer
assets between the Minor’s accounts when no
written authorization is requested.
Section 5: Responsibility for Investment
Decisions.
You agree that you and any agent under a
power of attorney or Investment Advisor (if you
have one) are solely responsible for investment
decisions in the Account, including whether to
buy or sell a particular security. Unless
required by law, or unless Schwab provides
advice to you that is clearly identified as an
individualized recommendation for you, you
understand that Schwab has no obligation to
determine whether a particular transaction,
strategy, or purchase or sale of a security is in
your best interest. Your obligation includes an
affirmative duty to monitor and stay informed
about the Account and your investments and
respond to changes as you deem appropriate.
Unless we otherwise agree with you in writing,
Schwab does not monitor your account(s) or
investments and has no obligation to update an
investment recommendation, financial advice,
or financial plan we may give you. Such
recommendation, financial advice, or financial
plan only applies at the point in time we
provide it to you.
You acknowledge that Schwab does not
provide tax or legal advice.
Section 6: Payment of Indebtedness.
You agree to make payment of any
indebtedness related to the Account, including,
but not limited to, any such indebtedness that
results from instructions provided to Schwab
by you, your agent or any attorney-in-fact
under a power of attorney or Investment
Advisor authorized to make transactions in the
Account. We may elect anytime, with or without
notice, to make any debit balance or other
obligation related to the Account immediately
due and payable. We may report any past-due
account to a consumer and/or securities credit
reporting agency. We may also refer the
Account to a collection agency.
Section 7: Granting a Lien on Your Accounts.
As security for the repayment of all present or
future indebtedness owed to us by each
Account Holder, each Account Holder grants to
us a first, perfected and prior lien on; a
continuing security interest in; and right of set-
off with respect to all property that is, now or in
the future, held, carried or maintained for any
purpose in or through Schwab, and, to the
extent of such Account Holder’s interest in or
through, any present or future account with us
or our affiliates in which the Account Holder
has an interest. In the event of a breach or
default by you under this Agreement, Schwab
will have the rights and remedies available to a
secured creditor under all applicable laws in
addition to the rights and remedies provided in
this Agreement. If you owe money to Schwab
as the result of activity in the Account and
there are assets available in any non-
retirement brokerage account that you hold at
Schwab which could fully or partially satisfy the
debt, you agree that, upon Schwab’s written
demand, you will execute all documents
necessary to effect a transfer from your non-
retirement brokerage account and agree to pay
or cause such funds to be paid immediately to
Schwab in order to satisfy your indebtedness
to Schwab.
Section 8: Liquidations.
Whenever it is necessary for our protection or
to satisfy a debit or other obligation owed us,
we may (but are not required to) sell, assign
and deliver all or any part of the property
securing your obligations, or close any or all
transactions in the Account. We may choose
which property to buy or sell, which
transactions to close and the sequence and
timing of liquidation. We may take such actions
on whatever exchange or market and in
whatever manner (including public auction or
private sale) that we choose in the exercise of
our business judgment. You agree not to hold
us liable for the choice of which property to buy
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application Agreement
Page 2 of 3
or sell or of which transactions to close or for
timing or manner of liquidation.
We may transfer property from any non-
retirement brokerage account in which you
have an interest to any other brokerage
accounts in which you have an interest,
regardless of whether there are other account
holders on either account, if we determine that
your obligations are not adequately secured or
to satisfy a debt or other obligation. You agree
to pay on demand any account deficiencies
after liquidation, whether liquidation is
complete or partial. All of the above may be
done without demand or notice of purchase,
sale, transfer or cancellation to you. No
demand or notice shall impose on Schwab any
obligation to make such demand or provide
such notice to you in the future. Any such
notice or demand is hereby expressly waived,
and no specific demand or notice shall
invalidate this waiver.
Section 9: Interest on Debit Balances.
We will charge and compound interest on your
debit balances according to our Disclosure of
Credit Terms and Policies.
Section 10: Using the Check Feature.
If you have requested check features through
the Minor’s Account, you authorize checks to
be issued as indicated in the Account
Application. You understand that you are
authorized to write checks for the benefit of the
Minor.
Section 11: Verification.
You authorize Schwab to inquire from any
source, including a consumer reporting agency,
as to the identity (as required by federal law),
creditworthiness and ongoing eligibility for the
Account of the Account Holders, any other
person referred to on this Application, or any
person about whom Schwab is later notified as
associated with or having an interest in the
account (as well as such persons’ spouses if
they live in a community property jurisdiction)
at Account opening, at any time throughout the
life of the Account, and thereafter for debt
collection or investigative purposes.
Section 12: Required Arbitration Disclosures.
Regulatory authorities require that any
brokerage agreement containing a predispute
arbitration agreement must disclose that this
agreement contains a predispute arbitration
clause. This Agreement contains a predispute
arbitration clause. By signing an arbitration
agreement, the parties agree as follows:
• All parties to this Agreement are giving up
the right to sue each other in court, including
the right to a trial by jury, except as provided
by the rules of the arbitration forum in which
a claim is filed.
• Arbitration awards are generally final and
binding; a party’s ability to have a court
reverse or modify an arbitration award is
very limited.
• The ability of the parties to obtain
documents, witness statements and other
discovery is generally more limited in
arbitration than in court proceedings.
• The arbitrators do not have to explain the
reason(s) for their award unless, in an
eligible case, a joint request for an explained
decision has been submitted by all parties to
the panel at least 20 days prior to the first
scheduled hearing date.
• The panel of arbitrators will typically include
a minority of arbitrators who were or are
affiliated with the securities industry.
• The rules of some arbitration forums may
impose time limits for bringing a claim in
arbitration. In some cases, a claim that is
ineligible for arbitration may be brought in
court.
• The rules of the arbitration forum in which
the claim is filed, and any amendments
thereto, shall be incorporated into this
Agreement.
No person shall bring a putative or certified
class action to arbitration, nor seek to enforce
any predispute arbitration agreement against
any person who has initiated in court a
putative class action; or who is a member of a
putative class who has not opted out of the
class with respect to any claims encompassed
by the putative class action until:
1. the class certification is denied;
2. the class is decertified; or
3. the customer is excluded from the class by
the court.
Such forbearance to enforce an agreement to
arbitrate shall not constitute a waiver of any
rights under this Agreement except to the
extent stated herein.
Section 13: Arbitration Agreement.
Any controversy or claim arising out of or
relating to (i) this Agreement, any other
agreement with Schwab, an instruction or
authorization provided to Schwab or the
breach of any such agreements, instructions,
or authorizations; (ii) the Account, any other
Schwab account or Services; (iii) transactions
in the Account or any other Schwab account;
(iv) or in any way arising from the relationship
with Schwab, its parent, subsidiaries,
affiliates, officers, directors, employees,
agents or service providers (“Related Third
Parties”), including any controversy over the
arbitrability of a dispute, will be settled by
arbitration.
This arbitration agreement will be binding
upon and inure to the benefit of the parties
hereto and their respective representatives,
attorneys-in-fact, heirs, successors, assigns
and any other persons having or claiming to
have a legal or beneficial interest in the
Account, including court-appointed trustees
and receivers. This arbitration agreement will
also inure to the benefit of third-party service
providers that assist Schwab in providing
Services (“Third-Party Service Providers”) and
such Third-Party Service Providers are
deemed to be third-party beneficiaries of this
arbitration agreement.
The parties agree that this arbitration
agreement will apply even if the application to
open the Account is denied and will survive
the closure of your Account and/or the
termination of services rendered under this
Agreement.
Such arbitration will be conducted by, and
according to the securities arbitration rules
and regulations then in effect of, the Financial
Industry Regulatory Authority (FINRA) or any
national securities exchange that provides a
forum for the arbitration of disputes, provided
that Schwab is a member of such national
securities exchange at the time the arbitration
is initiated. Any party may initiate arbitration
by filing a written claim with FINRA or such
eligible national securities exchange. If
arbitration before FINRA or an eligible national
securities exchange is unavailable or
impossible for any reason, then such
arbitration will be conducted by, and
according to the rules and regulations then in
effect of, the American Arbitration Association
(AAA). If arbitration before the AAA is
unavailable or impossible for any reason, the
parties agree to have a court of competent
jurisdiction appoint three (3) arbitrators to
resolve any and all disputes or controversies
between or among the parties. Each party
shall bear its own initial arbitration costs,
which are determined by the rules and
regulations of the arbitration forum. In the
event of financial hardship, the arbitration
forum may waive certain costs in accordance
with such rules. At the conclusion of the
hearing, the arbitrators will decide how to
assess the costs of the arbitration among the
parties.
Any award the arbitrator makes shall be final
and binding, and judgment on it may be
entered in any court having jurisdiction. This
arbitration agreement shall be enforced and
interpreted exclusively in accordance with
applicable federal laws of the United States,
including the Federal Arbitration Act. Any
costs, fees or taxes involved in enforcing the
award shall be fully assessed against and paid
by the party resisting enforcement of said
award.
For FINRA arbitrations, FINRA will appoint a
single public arbitrator in customer cases
decided by one arbitrator. In customer cases
decided by three arbitrators, investors have
the option of choosing an arbitration panel
with two public arbitrators and one non-public
arbitrator (Majority-Public Panel Rule) or a
panel of all public arbitrators (Optional All-
Public Panel Rule). If the customer declines to
elect a panel selection method in writing by
the applicable deadline, the Majority-Public
Panel Rule for selecting arbitrators will apply.
All notices from one party to the other
involving arbitration shall be considered to
have been fully given when so served, mailed
by first-class, certified or registered mail, or
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
Schwab One
®
Custodial Account Application Agreement
Page 3 of 3
otherwise given by other commercially
accepted medium of written notification.
In addition to the above provisions, if a party
to this Agreement is or becomes a non-U.S.
resident at the time of any controversy
subject to this arbitration agreement, such
party acknowledges and agrees to the
following additional provisions:
(1). The rules of the organization
administering the arbitration specifically
provide for the formal designation of the place
at which the arbitration is to be held.
(2). Entering into this Agreement constitutes
consent to submit to the personal jurisdiction
of the courts of the state of California, U.S.A.,
to interpret or enforce any or all of these
arbitration provisions. Judgment on any
arbitration award may be entered in any court
having jurisdiction, or application may be
made to such court for judicial acceptance of
the award and an order of enforcement, as
the case may be.
(3). The exclusive language to be used by the
parties and the arbitrators in the arbitration
proceedings shall be English. Any party
wishing an interpreter shall make all
arrangements directly with the interpreter and
shall assume all costs of the service.
(4). If a party is a foreign government or state,
state-owned or state-operated enterprise or
other instrumentality of a foreign government
or state, such party waives all rights of
sovereign immunity and neither the Federal
Act of State doctrine nor the doctrine of
sovereign immunity shall apply insofar as any
enforcement in courts located in the U.S.A. is
concerned.
Section 14: Electronic Copies.
The electronically stored copy of your (or your
agent’s) signature, any written instructions or
authorizations, the Account Application and the
Agreement and Disclosures are considered to
be the true, complete, valid, authentic and
enforceable record, admissible in judicial,
administrative or arbitration proceedings to the
same extent as if the documents and records
were originally generated and maintained in
printed form. You agree to not contest the
admissibility or enforceability of Schwab’s
electronically stored copy of such documents in
any proceeding between you and Schwab.
Section 15: Unclaimed Property.
If no activity occurs in the Account within the
time period specified by applicable state law,
the Account may be transferred to the
appropriate state.
Section 16: Information About SIPC.
To obtain information about Securities Investor
Protection Corporation (SIPC), including an
explanatory SIPC brochure, please contact
SIPC at www.sipc.org or 1-202-371-8300.
Section 17: Impartial Lottery for Securities
Subject to Partial Call or Partial Redemption.
If Schwab holds securities for you in street
name, in Schwab’s name, or in bearer form that
are subject to partial call or partial redemption,
then in the case of a partial call or partial
redemption Schwab will use an impartial lottery
system to select the securities to be called or
redeemed from among accounts holding those
securities. For a description of Schwab’s lottery
system, please visit www.schwab.com/
PartialCalls. If you would like a printed
description of Schwab’s lottery system mailed
to you, please contact a Schwab representative
at 1-800-435-4200.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3782989 (0515-3677) REG59618-05 (04/20)
Regulation E: Electronic Funds
Transfer Disclosure
• This disclosure applies to your account if you elected to fund your Schwab One
®
account using Schwab MoneyLink
®
to initiate a one-time electronic
funds transfer from your checking or savings account at another financial institution.
• A complete Electronic Funds Transfer Disclosure statement applicable to each account will be provided to you with your account agreements after
account opening.
• Unless otherwise noted, throughout this disclosure “we,” “us,” and “our” refer to Charles Schwab & Co., Inc. (“Schwab”).
Business Days.
Schwab’s business days are Monday through Friday, excluding U.S.
stock exchange holidays and U.S. banking holidays. If a funds transfer is
scheduled for a day other than a business day, we will make it on the
following business day.
Consumer’s Liability for Unauthorized Transfers.
Tell us at once if you believe an unauthorized person has transferred or
may transfer money from your account without your permission. You can
notify us by calling or writing Customer Service:
• By phone, in the U.S.: Call us toll-free at 1-800-421-4488, Monday
through Friday, from 10:00 a.m. to 7:00 p.m. ET.
• By phone, outside the U.S.:
International clients, call us at +1-415-667-8400.
Swiss residents, call us at 0800-563711.
• By mail, from all locations: Charles Schwab & Co., Inc., IS Document
Control, P.O. Box 982600, El Paso, TX 79998-2600
Telephoning immediately is the best way of minimizing your possible
losses.
Losses could include the money in your account. If unauthorized activity
occurs, you agree to cooperate during the investigation and to complete
any report or affidavit we may request.
Also, if your statement shows transfers that you didn’t make or authorize,
tell us at once. If you do not tell us within 60 days after the statement was
mailed to you, you may not get back any money you lost after the 60 days
if we can prove that we could have stopped someone from taking the
money if you had told us in time. If a good reason kept you from telling us
(such as a long trip or hospital stay), we will extend the time periods.
Disclosure of Account Information.
We may disclose your name and/or information about your account or
your transactions to our agents and affiliates in order to facilitate your
transfer requests. We may also disclose such information to third parties
in certain circumstances, which may include: (a) to banks and other
entities that are involved with the products or services we offer or
arrange on behalf of customers; (b) when it’s requested by a third party
to complete a transaction; (c) to verify the existence or condition of your
account for a credit bureau or merchant; (d) to comply with a subpoena,
court order or request from a government agency or law enforcement
authority; (e) to evaluate your creditworthiness or our ability to collect
any debt you owe us; or (f) if you give us your permission.
In addition, Schwab may disclose such information (a) to mutual funds
that are involved with the products or services we offer or arrange on
behalf of customers and (b) pursuant to Rule 14b-1 under the Securities
and Exchange Act of 1934, to companies in which you hold securities,
unless we receive your written objection.
Periodic Statements.
Schwab will send you a monthly account statement for your Schwab One
brokerage account unless there are no transfers in a particular month. In
any case, you will get the statement at least quarterly.
All electronic funds transfers posted to your account during the month
are listed on your statement.
Our Liability for Failure to Make Transfers.
If we do not complete a transfer to or from your account on time or in the
correct amount according to our agreement with you, we will be liable for
your losses or damages. However, there are some exceptions. We are
not liable, for instance, if:
• Through no fault of ours, you do not have enough money in your
account to make the transfer.
• Your account is restricted (because of a court order or similar reason),
and we are not permitted to make the transaction.
• Circumstances beyond our control (such as fire or flood) prevent the
transfer, despite reasonable precautions that we have taken.
• Any Automated Clearing House network or other third-party
communication system from which we require information to complete
transactions was not working properly.
There may be other exceptions permitted by law.
In Case of Errors or Questions About Your Electronic Funds Transfers.
If you think your statement is wrong or if you need more information about
a transfer listed on the statement, call or write us as soon as you can:
• By phone, in the U.S.: Call us toll-free at 1-800-421-4488, Monday
through Friday, from 10:00 a.m. to 7:00 p.m. ET.
• By phone, outside the U.S.:
International clients, call us at +1-415-667-8400.
Swiss residents, call us at 0800-563711.
• By mail, from all locations: Charles Schwab & Co., Inc., IS Document
Control, P.O. Box 982600, El Paso, TX 79998-2600
We must hear from you no later than 60 days after we sent the FIRST
statement on which the problem or error appeared.
We need the following information:
• Your name and account number,
• A description of the error or the transfer you are unsure about,
• A clear explanation of why you believe it is an error or why you need
more information, and
• The dollar amount of the suspected error.
If you tell us orally, we may require that you send us your complaint or
question in writing within 10 business days.
We will determine whether an error occurred within 10 business days
after we hear from you and will correct any error promptly. If we need
more time, however, we may take up to 45 days to investigate your
complaint or question. If we decide to do this, we will credit your account
within 10 business days for the amount you think is in error so that you
will have the use of the money during the time it takes us to complete our
investigation. If we ask you to put your complaint or question in writing
and we do not receive it within 10 business days, we may not credit your
account.
For errors involving new accounts, point-of-sale or foreign-initiated
transactions, we may take up to 90 days to investigate your complaint or
question. For new accounts, we may take up to 20 business days to
credit your account for the amount you think is in error.
We will tell you the results within three business days after completing
our investigation. If we decide that there was no error, we will send you a
written explanation.
You may ask for copies of the documents that we used in our
investigation.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3971500 (0118-7F68) REG91285-03 (03/20)
Cash Features Program
General Terms and Conditions
Page 1 of 2
The automatic investment of your free credit balance, including the frequency and the amount of each sweep, is
governed by the terms and conditions set forth in the Cash Features Disclosure Statement and in the Account
Agreement applicable to your account. The material in this document is intended for informational purposes only. If
there is any conflict between the descriptions in this document and the terms of the Cash Features Disclosure
Statement, the Cash Features Disclosure Statement will control.
How the Cash
Features Program
Works
Schwab’s Cash Features Program is the service (described in the Cash Features Disclosure
Statement) that we provide to automatically invest, or “sweep,” the free credit balance in your
account into a liquid investment to earn interest. The program permits you to earn income
while you decide how those funds should be invested longer term.
Available Cash
Feature
The available cash features currently consist of:
• The free credit balance in your eligible account (the “Schwab One
®
Interest feature”), on
which Schwab pays interest;
• Interest-bearing deposit accounts at one or more of our affiliated banks (the “Bank Sweep
feature” for most accounts and the “Bank Sweep for Benefit Plans feature” for retirement
plan accounts); and
• For some accounts, one or more affiliated money market mutual funds (the “Money Fund
Sweep feature”).
Eligibility Eligibility for each cash feature is based on the registered ownership and the type of account.
Not all account registrations and account types will be eligible for all cash features. Some
account registrations and account types will be eligible for only one cash feature. Please see
your Account Application and the Cash Features Disclosure Statement for more complete
eligibility details.
Duty to Monitor
Eligibility for Cash
Features
It is your responsibility to monitor your eligibility for the cash features and determine the best
cash feature available to you. Schwab is not responsible for contacting you if you are, or later
become, eligible for other higher-yielding cash features.
Interest Rates and
Yields
The interest rates and yields for the different cash features vary over time. There is no
guarantee that the interest rate and yield on any particular cash feature will be or will remain
higher than the interest rate and yield on any other cash features over any period. Current
interest rates and yields can be obtained by contacting your independent investment advisor
or your Financial Consultant, or by calling us at 1-800-435-4000. If you already have an
account, you can visit our website at www.schwab.com/sweep. If your account is an Advisor
Services account, please contact your advisor, visit www.schwab.com/SA_sweep, or call
Schwab Alliance at 1-800-515-2157.
• The interest rate on the Schwab One Interest feature is set by Schwab. We have the option
to pay as low a rate as possible consistent with our views of competitive necessities. With
certain exceptions, the rate will be tiered based upon the overall free credit balance within
your account.
• The interest rate on the Bank Sweep feature is set by our affiliated bank(s), which also has
the option to pay as low a rate as possible consistent with their views of competitive
necessities. Retirement accounts will be paid a reasonable rate consistent with applicable
legal and regulatory requirements. With certain exceptions, the rate will be tiered based
upon your account type and the combined amount of your account’s Bank Sweep deposits at
our affiliated bank(s).
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3971500 (0118-7F68) REG91285-03 (03/20)
Page 2 of 2Cash Features Program General Terms and Conditions
Interest Rates and
Yields
(Continued)
• The interest rate on the Bank Sweep for Benefit Plans feature is set by our affiliated bank(s),
which intend to pay interest consistent with reasonable rate provisions of applicable legal
and regulatory requirements. This can be lower than some competitors’ rates. Interest rates
do not vary by tiers and do not vary based on your cash balances.
• Money market mutual funds offered through the Money Fund Sweep feature seek to achieve
the highest yield (less fees and expenses) consistent with prudence and their investment
objectives.
Cash features are not intended to be long-term investments, and yields on any of our cash
features can be lower than those of similar investments or deposit accounts offered outside
the Cash Features Program. If you desire to maintain cash balances for other than a short-
term period and/or are seeking the highest yields currently available in the market, please
contact your Schwab representative or visit www.schwab.com/cash for investment options
that may be available outside of the Cash Features Program to help maximize your return
potential consistent with your investment objectives and risk tolerance. If your account is an
Advisor Services account, please contact your advisor, visit www.schwab.com/SA_cash, or
call Schwab Alliance at 1-800-515-2157.
Benefits to Schwab We charge fees and receive certain benefits under the different cash features. We share a
portion of these fees and benefits with our investment professionals. Because of these fees
and benefits, we have a financial incentive to select the particular cash features included in
the Cash Features Program.
Differing Risks and
Account Protection
The different cash features are subject to different risks and account protection:
• The Schwab One
®
Interest feature is not subject to market risk and value loss but is subject
to the risk of Schwab’s failure. In the unlikely event that Schwab fails, cash is eligible for
SIPC coverage up to a limit of $250,000 (including principal and interest) per client in each
insurable capacity (e.g., individual or joint). Free credit balances held at Schwab are not
insured or guaranteed by the FDIC.
• The Bank Sweep and Bank Sweep for Benefit Plans features are not subject to market risk
and value loss but are subject to the risk of the failure of one or more of our affiliated banks.
In the unlikely event that one or more of our affiliated banks fails, deposits at each bank are
eligible for FDIC insurance protection up to a limit of $250,000 (including principal and
interest) per depositor in each insurable capacity (e.g., individual, joint, and plan participant).
This limit includes any other deposits you may have at that bank outside of the Bank Sweep
and Bank Sweep for Benefit Plans features. You are responsible for monitoring your bank
balances in the Bank Sweep and Bank Sweep for Benefit Plans features and the balances
in any of your other bank accounts at each affiliated bank to determine if these, in total,
exceed FDIC insurance limits. Monies held in both features are not covered by SIPC.
• Money market mutual funds in the Money Fund Sweep feature invest in high-quality, short-
term securities and seek to maintain a stable value, but are subject to market risks and
potential value loss. They are not bank accounts and are not subject to FDIC insurance
protection. They are instead covered by SIPC, which protects against the custodial risk (and
not a decline in market value) when a brokerage firm fails by replacing missing securities and
cash up to a limit of $500,000, of which $250,000 may be cash. Shares held through the
Money Fund Sweep feature are not considered cash, but are treated as securities for SIPC
coverage.
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3882599 (0188-7ATV) REG86030-05 (02/20)
Important Information About Your Informed
Consent to Receive Paperless Documents
Page 1 of 2
The Purpose and Effect of Your Consent
This disclosure and informed consent applies to all communications for
those accounts, products and services offered in person or available via
Schwab.com, Schwaballiance.com, or via a Schwab mobile website or
mobile application used to access those accounts, products or services,
to the extent they are not otherwise governed by the terms of a separate
disclosure and informed consent.
We are required to provide to you “in writing” certain records and
disclosures about our relationship and transactions in your account. You
are entitled to receive those documents on paper. With your affirmative
consent, we can provide the documents to you electronically instead via
the Schwab Paperless Documents program (“Paperless Documents”). The
information below will help you understand the conditions and
requirements relating to Paperless Documents. You can always find the
most up-to-date version of this important information at schwab.com/
paperless_consent.
Paperless Documents categories include: tax forms, trade confirmations,
shareholder materials, statements and account documents (e.g., account
statements and other account-related documents associated with the
account, including account agreement amendments and program
disclosures, fund prospectuses, and investment advisory service
disclosures). Each of these document categories is described in detail
below. If you are opening an account, the account agreements and
account and program disclosures delivered to you as part of the account
opening process are also included in Paperless Documents. Electronic
documents specific to your transactions and account will be available
online for up to 10 years from the date of initial delivery. Your consent to
receive documents electronically is not limited in duration and does not
expire.
Depending on where you reside, the initial scope of your Paperless
Documents enrollment, and whether you have made modifications to your
enrollment, not all document categories may apply to you. Certain
documents that are not currently included in Paperless Documents may
continue to be delivered to you via postal mail. In the future, some or all of
these documents may be added to Paperless Documents and made
available to you electronically in accordance with your informed consent
to this disclosure. If you are uncertain which documents are covered by
your Paperless Documents enrollment, please check online at
schwab.com/paperless_services or call or email Schwab or Schwab Bank
using the contact information below.
For additional information about Schwab Bank account statements, see
the “Addendum” on the following page.
You indicate your consent to Paperless Documents by providing an email
address and signing an account agreement, or by clicking or touching an “I
consent” or other button indicating assent to or acceptance of the
conditions and requirements relating to Paperless Documents, and we
record your consent. The method of consent may depend on whether you
are opening an account or separately enrolling in Paperless Documents for
an existing account. If you do not provide consent, Schwab or Schwab
Bank will send you paper copies. Your consent will be effective until you
cancel your enrollment in Paperless Documents or Schwab or Schwab
Bank notifies you that the program is discontinued. If you are a joint
account holder, your consent binds the other account holder.
By providing consent, you confirm that you have the ability to access
Schwab on the web, and the ability to open, view, save, retain, and print
PDF documents as described below. These abilities demonstrate that you
can receive the documents we will deliver to you. You also confirm that
you have provided a valid email address as part of the account opening or
Paperless Documents enrollment process.
We may, if necessary and at our discretion, end your participation in
Paperless Documents, or change the terms and conditions relating to
Paperless Documents and electronic communications. It is your
responsibility to review any updates in a timely manner. We will provide
you with notice of any discontinuation or update as required by law.
Our Contact Information to Request Paper or Ask Questions
To access the document and print a copy, log in to your Schwab or Schwab
Bank account, select the “Accounts” tab, then select "Statements." To
request paper, ask questions about, or report problems concerning
Paperless Documents, you may contact us as follows:
To contact us by email, log in to Schwab.com, click “Contact Us,” and then
click “Send a Secure Message.” Advisor Services clients, please log in to
schwaballiance.com. To contact us by phone:
• Investor Services clients: 1-800-435-4000.
• Schwab Bank High Yield Investor Checking
®
(or other Schwab Bank)
clients: 1-888-403-9000.
• Clients in the U.K.: 00 800 0826-5001.
• Clients in other countries: +1-415-667-8400.
• Advisor Services clients: Contact your independent advisor or call
1-800-515-2157.
• Schwab Intelligent Portfolios Solutions™ clients: 1-855-694-5208.
• Institutional Intelligent Portfolios
®
clients: 1-877-805-3399.
To Withdraw Your Consent
When you change your preference back to postal mail delivery, this cancels
your enrollment in Paperless Documents and withdraws your consent for
the document categories you indicate. You can do this by logging in to
schwab.com/paperless_services, or by calling or emailing Schwab or
Schwab Bank using the contact information above. Allow 48 hours for
processing. Your consent will remain effective for other document
categories for which you maintain a paperless delivery preference.
Important note for Schwab Advisor Services clients: Canceling or modifying
your enrollment may make your account(s) ineligible for lower commission
rates, and the commissions you pay can increase.
Important note for Schwab Intelligent Portfolios Solutions and Institutional
Intelligent Portfolios clients: Intelligent Portfolios is an all-electronic service.
If in the future you request paper documents, withdraw your consent, or are
unable to receive Paperless Documents, Schwab may terminate your
account.
Electronic Notification When a Paperless Document Is Ready
We send you an email to let you know a document is available. For some
documents, the email itself will be the paperless document. For other
documents, the email will contain a link that will allow you to access or
download the document, and your login may be required prior to such
access.
Keeping Your Email Address Current and Actions Schwab or
Schwab Bank Will Take If There Is a Problem
Please note that after three consecutive months of unsuccessful electronic
delivery attempts of your tax forms, trade confirmations, or statements and
account documents, your account(s) will revert back to postal mail delivery.
This will cancel your enrollment in Paperless Documents and withdraw your
consent to receive Paperless Documents.
It is your responsibility to notify Schwab or Schwab Bank of any change in
your email address by logging in to the Schwab site and going to Service >
My Profile > Email Addresses or using the contact information above. In
addition to the unenrollment process outlined above, if we receive any
indication either that the email notification did not reach you successfully or
that there is a problem with your email address or service, we will take the
following actions:
• Tax Forms—Send a letter by postal mail within two business days to
inform you that we were unable to deliver your tax form electronically. In
certain circumstances, as may be required by law or regulation or for
other reasons, we may send you the tax form itself by postal mail within
the time period prescribed by the relevant legal or regulatory
requirements.
• Trade Confirmation—Send a paper copy of trade confirmation by postal
mail within 24 hours. Also send a letter by postal mail to inform you that
we were unable to deliver your Trade Confirmation to you electronically.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3882599 (0188-7ATV) REG86030-05 (02/20)
Page 2 of 2
Informed Consent to Receive Paperless Documents
• Statements and Account Documents—Send a letter by postal mail
informing you that we were unable to deliver your statement or account
document electronically.
• Shareholder Materials—Send a paper copy of the shareholder materials
via postal mail within 24 hours. We will send you a letter informing you
that we were unable to deliver your shareholder materials electronically.
The account will be unenrolled from Paperless Documents, and we will
begin to send you paper shareholder materials.
Hardware and Software Requirements
Paperless Documents requires you to have access to a device (computer
or smartphone) with Internet service and an active email account and
address, along with the following:
• A current version of a common Internet browser, with JavaScript
enabled.
• A current version of a program, such as Adobe
®
Reader
®
, that accurately
reads and displays PDF documents. If you do not have Adobe Acrobat
installed on your device, you can download the free software at
adobe.com.
• An operating system on your device that supports the above.
• A printer that connects to your device, if you wish to print documents.
• Electronic storage connected to your device, if you wish to retain records
in electronic form. (If you are using your computer, just save documents
to your local hard drive.)
If you use your smartphone, you must access the full Schwab website to
view and print your documents. If you have questions relating to hardware
and software requirements, please call or email Schwab using the contact
information on the previous page.
Security and Privacy Information
Unless expressly stated, email notifications for Paperless Documents are
not encrypted. For security and confidentiality, unencrypted emails will not
include your name, full account number, or any other personal identifier.
Be aware, however, that some email addresses may use part of your name
or your entire name. If you use a work email address, your employer or
other employees may have access to your email. To help you identify your
account, we may include some portion, but not all, of your account
number. Schwab or Schwab Bank may use a vendor to deliver Paperless
Documents.
Whether Schwab, Schwab Bank, or a vendor delivers the documents,
Schwab’s privacy policy applies.
Records and Disclosures Included in Schwab and Schwab Bank’s
Paperless Documents Program
Tax Forms (“eTax Documents”)
A tax document provides important information you need to complete your
tax returns. Much of the information we provide in tax documents is also
reported to the IRS. This includes any corrected tax documents and
accompanying notices. When a tax document is ready, we will send an
email notification with the subject line “IMPORTANT TAX RETURN
DOCUMENT AVAILABLE” and containing a web link to the document
available after you log in.
Trade Confirmations (“eConfirms”)
A trade confirmation is an official record of your securities transaction. It
includes the price, number of shares, and the commission we charge you,
as well as disclosures required under federal law. If you choose to receive
paperless trade confirmations, the terms and conditions of your
transaction will appear in the email and on a web page you can link to
from the email. Your consent to receive paperless trade confirmations also
includes paperless delivery of prospectuses or other regulatory
information we provide to you at the time of your trade. Your consent to
receive paperless trade confirmations also covers paperless delivery of
Trade Confirmation Reports (TCRs) if you elect this alternative as part of
your Managed Account enrollment.
Statements and Account Documents (“eStatements”)
An account statement provides important information about your account,
including the price and quantity of securities you hold, the
transactions conducted, other activity in your account, and terms and
conditions governing your account. Account statements are sent at the end
of each month in which you conducted activity in your account or at the end
of each calendar quarter, regardless of any account activity. With your
account statements, we often include accompanying account-related
notices and other regulatory information, including, but not limited to,
Schwab’s Statement of Financial Condition, pricing changes, changes to
payment features, privacy policy, annual notices, amendments to your
account agreements, and any other documents, notices, and disclosures
required by law or regulatory rules to be provided to you. At account
opening and from time to time thereafter, we also send you notifications
about your account. Collectively, we call these documents, notices, and
disclosures “account documents.” When you consent to paperless account
statements, you also consent to paperless account documents.
Investment Advisory Service Disclosures (A Sub-Category of Account
Documents)
Your consent to paperless Statements and Account Documents includes
investment advisory program disclosures, brochure supplements with
information about individual Schwab representatives, and related materials
such as periodic updates or annual summaries of any changes to those
documents (“Form ADV Disclosures”) as Schwab makes these available in
the future. The investment advisory programs may include Schwab Private
Client™, Schwab Managed Portfolios™, Schwab Managed Account
Services™, the Schwab Advisor Network
®
, Schwab Intelligent Portfolios
Solutions™, and other similar advisory services, and fee-based Financial
Planning Services. In addition to Schwab’s and its affiliates’ own Form ADV
Disclosures, your consent also covers ADV Disclosures from third-party
investment advisors whose services you select through Schwab. Paperless
Form ADV Disclosures may accompany your account statements or be sent
independently. If the third party does not make its Form ADV Disclosures
available electronically, you will instead receive the standard printed
materials by postal mail.
Shareholder Materials (“Electronic Delivery”)
Shareholder materials include regulatory information such as prospectuses;
prospectus supplements; quarterly, semi-annual, and annual reports; and
proxy materials. You will receive an email notification with a web link to
shareholder materials if you have a position in an equity or mutual fund as
of the record date for a particular shareholder distribution and the materials
are made available electronically by the issuer or third party. If the issuer or
third party does not make shareholder materials available electronically,
you will instead receive the standard printed materials by postal mail. By
providing your consent to receive electronic delivery of shareholder
material, you also consent to electronic householding. This means that if
you and someone else enroll in this paperless service using the same email
address, we may send one email announcement to this email address if
each account holds securities of the same issuer. This avoids duplicate
mailings of shareholder documents. If you no longer want electronic
householding of your shareholder materials, you must modify your
Paperless Documents enrollment as described above. Your shareholder
materials may include electronic proxies. You may elect to vote your proxy
online at proxyvote.com by entering the control number included in your
email announcement and the last four digits of your Social Security number
or Taxpayer Identification Number as your PIN.
Addendum for Schwab Bank Paperless Statements
(“eStatements”)
Schwab Bank Paperless Documents categories include statements and
account documents and tax forms. The above information regarding the
purpose and effect of your consent, including how to request paper
delivery, how to ask questions, how to withdraw consent for paperless
delivery, electronic notification of ready statements, keeping a current email
address, hardware and software requirements, and security and privacy
information, are all applicable to Schwab Bank accounts. Paperless
Documents include account statements and tax forms. In addition, account
statements for your Investor Checking account(s), Investor Savings
account(s), and Pledged Asset Line
®
account(s) provide important
information about your accounts, including the account balance; the
transactions conducted; other activity in your accounts; and other
information, terms, and conditions governing your accounts.
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
Charles Schwab Bank and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products offered by Charles Schwab & Co., Inc.
are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, and are subject to investment risk, including the possible loss of principal invested. Deposit and other lending products
and services are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender. Charles Schwab Bank is not acting or registered as a securities broker-dealer or investment advisor.
This page is intentionally blank.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10594-48 (06/20)
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