Fillable Estate Account Schwab One Application Instructions

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Estate Account Schwab One Application Instructions

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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account
Application Instructions
Requirements for Establishing a Schwab One Estate Account:
1. You must be the Executor, Administrator or other Personal Representative appointed by the court to administer the
Decedent’s estate. For purposes of this application, the term “Executor” shall also include Administrators or other
Personal Representatives appointed by the court to administer the estate.
2. A Schwab One Estate Account may be opened only if the estate is currently being probated under court supervision
and a final decree of distribution has not been entered. (Note: This application should not be used to open an
account for a Testamentary Trust, which requires completion of a Schwab One Trust Account Application.)
3. A new, separate Taxpayer Identification Number (TIN) for the estate must be obtained from the IRS.
Schwab.com
1-800-435-4000
(inside the U.S.)
+1-415-667-8400
(outside the U.S.)
1-888-686-6916
(multilingual services)
Steps to Open an Estate Account:
1. Complete all eight sections of the application on the following pages. (Note that because a probate estate is a
separate entity for legal and tax purposes, an Estate Account Application must be completed to open an Estate
Account, even if the Decedent had an account at Schwab.)
2. Along with the application, submit a copy of your Letters Testamentary or Letters of Administration, certified as
currently valid by the court clerk within the past 60 days and bearing the clerk’s original signature and seal.
3. Mail the completed Schwab One Estate Account Application with the required documentation in the envelope
provided, or bring it to the Schwab branch nearest you.
Steps for Transferring Registration of Securities:
1. Contact a Schwab representative at your local Schwab branch to determine which documents are necessary to
reregister the securities in the Schwab One Estate Account.
2. Gather the required documents from the appropriate sources. (A Schwab representative or an attorney can give you
some guidance concerning where to locate these documents.) Bring the documents to your local Schwab branch.
Special Information:
About small estates. Please check with your attorney to determine whether the Decedent’s estate is legally considered a
“small estate” that may not require probate. If so, you will not be required to open a separate Estate Account to collect
and distribute the Decedent’s assets, and instead need only furnish us with a special form of affidavit provided by your
attorney, together with a certified copy of the death certificate, an Affidavit of Domicile, and an Inheritance Tax Waiver (if
required by the Decedent’s state).
About opening a Schwab One Estate Account. With a Schwab One Estate Account, you can get checks in the name of
the estate and earn daily income on uninvested cash.
About transferring estate investments from another brokerage firm to Schwab. If you wish to transfer estate
investments held with another broker to Schwab, please ask a Schwab representative for assistance in completing a
Transfer of Account form.
About margin borrowing and option trading in an Estate Account. A Schwab One Estate Account may only have margin
borrowing and option trading solely for liquidation purposes if there were margin or option positions in the Decedent’s
existing brokerage account. No new margin or option positions may be created in a Schwab One Estate Account unless
specifically authorized by court order. If you need to have margin or option features to liquidate existing positions, see the
Schwab One
®
Estate Account Features Section.
About delegation of powers. An Executor or Administrator cannot grant a power of attorney or otherwise delegate his or
her powers and duties to a third party unless specifically authorized by court order.
About estates with Co-Executors. Each Co-Executor who will be conducting business in the account must complete the
Executor/Co-Executor Information Section and sign the Authorization to Open Account Section. All Co-Executors
appointed by the court, even if not conducting business in the account, must be listed in the Executor/Co-Executor
Information Section and must also sign in the Authorization to Open Account Section.
This page is intentionally blank.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 1 of 11
Schwab.com
1-800-435-4000
(inside the U.S.)
+1-415-667-8400
(outside the U.S.)
1-888-686-6916
(multilingual services)
Complete, sign, date and return this form to Schwab.
For important disclosures about our relationship with you and the services we can provide, please visit
schwab.com/
transparency.
Estate Information
Decedent's Full Name First Middle Name Last Name, Suffix
Tax ID Number of the Estate Not Decedent's Social Security Number
Executor/Co-Executor Information
(All Executors and Co-Executors who are to conduct business in the account must complete this section.)
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.
Executor
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
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
CLEAR
PRINT
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 2 of 11
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
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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 3 of 11
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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 4 of 11
* 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.
Co-Executor
Attach additional sheets if necessary.
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
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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 5 of 11
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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 6 of 11
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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 7 of 11
* 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.
Executor’s/Estate’s Financial Profile
Securities industry regulations require that we collect this information. The Executor and all Co-Executors, if any, must
provide this information.
Executor's Investment Experience:
Executor
None Limited Good Extensive
Co-Executor
None Limited Good Extensive
Estate's Annual Income:
Under $15,000 $15,000-$24,999 $25,000-$49,999 $50,000-$99,999 $100,000 or more
Estate's Liquid Net Worth:
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
Overall Investment Objective of Account
Capital Preservation
Income
Growth
Speculation
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:
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 8 of 11
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:
Schwab One
®
Estate Account 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.
Margin Borrowing or Option Trading
A Schwab One Estate Account may only have margin borrowing or option trading solely for liquidation purposes if there
were margin or option positions in the Decedent’s existing brokerage account. No new margin or option positions may
be created in an Estate Account unless specifically authorized by court order.
Add margin feature for liquidation purposes only. Add option feature for liquidation purposes only.
Schwab One Checks
Schwab provides non-customized (“starter”) checks for all new Schwab One accounts upon account opening. After you
receive your starter checks, you will be able to request customized checks at no additional cost. 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.
Please check the box below if you do NOT wish to receive starter checks.
I do NOT wish to receive starter checks for this Schwab One account. (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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 9 of 11
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 Executor/Co-Executor 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.
Funding and Account Handling Instructions
Enclose a check or money order for
$
Transfer from an outside institution by completing the enclosed Transfer Your Account Form.
Enclose security certificates.
To avoid any delays, please check with a Schwab representative to see if there are additional requirements.
Transfer assets from Decedent's existing Schwab account to the Estate Account.*
Please provide Decedent's account number.
Schwab Account Number
*Please note: You may not transfer IRA or Keogh/Qualified Retirement Plan (QRP) assets into the Schwab One Estate
Account unless the estate is named as the beneficiary or there is no valid beneficiary designation on file.
Certification and Indemnification
Any and all debts of the deceased, claims against the estate, administration expenses, inheritance and estate taxes, and
legacies having priority will be provided for or paid. This certification is made for the purpose of securing the transfer or
delivery of property owned at the time of the decedent’s death to a purchaser or the person(s) legally entitled thereto
under the laws of the state of the decedent’s domicile. Any apparent inequity in distribution is appropriate, whether it is
due to the manner of distribution of other estate assets, the provisions of the estate plan, or other factors.
By signing this Application, each Executor certifies that the representations and warranties in the attached Certification
and Indemnification are true and complete.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 10 of 11
Authorization to Open Account
Please read and sign below. 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 the Sch
wab 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. Unless I have declined the
margin feature, I acknowledge that securities securing loans from Schwab may be lent to Schwab and le
nt by Schwab to
others. I also acknowledge that if I trade "on margin," I am borrowing money from Schwab and that I understand the
requirements and risks associated with margin borrowing as summarized in the Overview and Disclosure Statement
included with this Application.
I also acknowledge that the securities products purchased or sold in a transaction with Schwab (i) are not insured by the
Federal D
eposit 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 Application Agreement, the terms "I," "my" and "account
holder" refer to each person who signs this Account Application an
d apply with respect to both a person’s individual
capacity as well as any applicable representative or fiduciary capacity. When the legal owner of assets in the Account is
not a natural person, the terms “I,” “my” and “Account Holder” also refer to such legal owner. 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 includes a predispute
arbitration clause. You acknowledge receipt of the
predispute arbitration clause contained in Section 13,
pages 2–3, of the Schwab One Estate Account
Application Agreement.
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
Today’s Date mm/dd/yyyy
Print Name
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application
Page 11 of 11
Return Instructions
• 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 the Message Center link (under Service), and then click the Upload Document link.
3. Upload your form as an attachment by clicking the Add File button.
4. When your message is complete, click Send.
• 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 (West)
Charles Schwab & Co., Inc.
P.O. Box 982600
El Paso, TX 79998-2600
Regular Mail (East)
Charles Schwab & Co., Inc.
P.O. Box 628291
Orlando, FL 32862-8291
Overnight Mail (East)
Charles Schwab & Co., Inc.
1958 Summit Park Dr., Ste. 200
Orlando, FL 32810
Overnight Mail (West)
Charles Schwab & Co., Inc.
1945 Northwestern Dr.
El Paso, TX 79912
PRINT
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©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate
Account Application Agreement
Page 1 of 3
Client Copy
Please retain this agreement for your files.
This Certification and Indemnification sets forth Executors’ representations and warranties regarding their authority under the estate.
Certification and Indemnification
In consideration for Schwab opening and/or
maintaining a brokerage account for the estate
named in this application, the Executor(s)
represent, warrant and certify that they are all
of the duly appointed Executors of the estate,
and any one of them who is authorized in the
Executor/Co-Executor Information Section to
conduct business in the Account shall obtain
the prior consent and approval of all other
Executors to the extent required by law before
taking any action. Any and all debts of the
deceased, claims against the estate,
administration expenses, inheritance and
estate taxes, and legacies having priority will be
provided for or paid. The Executors hereby
jointly and severally agree to indemnify Schwab
and each of its officers, directors, employees
and agents from, and hold such persons
harmless against, any claims, judgments,
surcharges, settlement amounts or other
liabilities or costs of defense or settlement
(including attorneys’ fees) arising out of or
related to any actual or alleged improper or
unsuitable actions taken at any Executor’s
instructions in connection with the brokerage
account established at Schwab for the estate.
This indemnification is made by the Executors
both in their capacities as Executors and in
their individual capacities, and shall not be
limited by the Executors’ provision to Schwab
of independent documentation concerning the
representations made herein. The
representations and obligations stated herein
shall survive termination of the estate and the
Account Agreement relating to the estate’s
brokerage account.
This Agreement relates to your Account and is part of the Account Agreement between the Estate and each Executor 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
Schwab One Account Agreement and a number
of other important disclosures. The Schwab
One Account Agreement is provided with this
Application or at the opening of your 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 Agreement 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 your
Account Application; (c) no one except the
Executors listed on the Account Application
has authority over the Account; (d) no
additional authorizations from third parties are
required for you to open the Account and effect
transactions therein; (e) except as you have
otherwise indicated on your Account
Application or in writing to us, (i) 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 (ii) 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 (f) 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 your Account upon request,
unless you notify us otherwise in writing. If you
maintain more than one account at Schwab,
you authorize Schwab to transfer assets
between your 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 your 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 profits and stay
informed about your 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 your 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 your Account. We may elect
anytime, with or without notice, to make any
debit balance or other obligation related to
your 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 your 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 you, you
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application Agreement - Client Copy
Page 2 of 3
grant 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 your interest in or through, any
present or future account with us or our
affiliates in which you have 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 your 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 your 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
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
account 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
needed 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 (whether in a Margin or Cash
Account) according to our Disclosure of Credit
Terms and Policies.
Section 10: Using the Check and Visa
®
Debit
Card Features.
If you have requested check or Visa debit card
features through your Account, you authorize
checks and Visa debit cards to be issued as
indicated in your Account Application. You
agree that each Executor is authorized to write
checks and engage in Visa debit card
transactions, and you understand that if the
checking feature is terminated, your Visa debit
card will be automatically cancelled.
Section 11: Verification.
You authorize Schwab to inquire from any
source, including a consumer reporting agency,
as to your identity (as required by federal law),
creditworthiness and ongoing eligibility for the
Account (and that of any other person referred
to on this Application or any person who
Schwab is later notified is associated with or
has an interest in the Account) 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
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3965621 (0620-0A9Z) APP10639-35 (06/20)
Schwab One
®
Estate Account Application Agreement - Client Copy
Page 3 of 3
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
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 is 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: Float.
You agree that Schwab will retain as
compensation for services your Account’s
proportionate share of any interest earned on
aggregate cash balances held in Schwab’s
bank account with respect to (1) assets
awaiting investment or (2) assets pending
distribution from your Account. Such interest
retained by Schwab shall generally be at
money market rates. Schwab’s receipt of such
compensation is further described in the
Agreement and Disclosures.
Section 16: 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 17: 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 18: 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 1-800-435-4000.
©2020 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC3883085 (0414-2124) REG95795-01 (02/20)
Margin Disclosure Statement
Client Copy
www.schwab.com | 1-800-435-4000 (inside the U.S.) international.schwab.com
| +1-415-667-8400 (outside the U.S.)
• This is important information regarding margin borrowing, if you have requested the margin feature on your brokerage account.
• Please retain this document for your files.
• When using margin, please keep these important rules and conditions in mind.
• A complete list of terms and conditions pertaining to margin trading and short selling, including credit terms and policies, can be
found in the Account Agreement. The Account Agreement will be provided to you after account opening or you can access it at any
time on our website or by calling us. Please read this important document before opening a margin account.
• For questions regarding margin borrowing, please contact us at the numbers listed above. For clients of independent investment
advisors, please call your advisor directly or call Schwab Alliance at 1-800-515-2157.
When considering a margin loan, you should determine how the use of
margin fits your own investment philosophy. It is important that you fully
understand the risks, rules, and requirements involved in trading
securities on margin.
The following paragraphs highlight some of the critical aspects of margin
trading:
Margin trading increases your level of market risk.
Margin trading increases your buying power, allowing you to purchase a
greater amount of securities with your investing dollar. Therefore, your
exposure to market volatility increases—a declining market could result in
even greater losses. A decline in the value of your securities that you
purchase on margin can require you to provide additional funds to Schwab
in order to avoid the forced sale of those securities or other securities in
your account.
Your downside is not limited to the collateral value in your margin
account.
When you buy securities on margin, you are borrowing money from
Schwab for part of your transactions. Securities and other assets in your
Schwab account(s) are pledged as collateral to secure this loan. These
margin transactions are riskier and involve the possibility of greater loss
than transactions where you are not borrowing money. If the securities in
your account decline in value, so does the value of the collateral
supporting your loan. When the value of the collateral falls below the
maintenance margin requirements, or Schwab’s higher “house”
requirements, Schwab can move to protect its position. In order to cover
margin deficiencies, Schwab may issue you a margin call—a request for
additional cash—or sell securities from your account. If a sale does not
cover the deficiency, you will be responsible for any shortfall.
Schwab may initiate the sale of any securities in your account, without
contacting you, to meet a margin call.
Schwab will attempt to involve you in the case of margin deficiency;
however, market conditions can require the firm to quickly sell any of your
securities without your consent. Because the securities are collateral for
the margin loan, Schwab has the right to decide which security to sell in
order to protect its interests. Even if Schwab has contacted you and
provided a specific date by which you can meet a margin call, the firm can
still take necessary steps to protect its financial interests, including
immediately selling the securities without prior notice to you.
Schwab’s “house” initial and maintenance margin requirements may
exceed those established by the Federal Reserve Board and/or the
Financial Industry Regulatory Authority, Inc. Please call Schwab for current
margin requirements.
Schwab retains the right to change its initial margin requirements at any
time and without prior notice.
We may also impose anytime and without prior notice more stringent
requirements on positions that in our sole discretion involve higher levels of
risk; for example, higher limits may apply for thinly traded, speculative or
volatile securities, or concentrated positions of securities.
Schwab may increase its “house” maintenance margin requirements at
any time and is not required to provide you with advance written notice.
Changes in Schwab’s policy regarding “house” maintenance margin
requirements often take effect immediately and can result in the issuance
of a maintenance margin call. Your failure to satisfy the call may cause
Schwab to liquidate or sell securities in your account.
Schwab retains absolute discretion to determine whether, when and in
what amounts we will require additional collateral. For example, we can
require additional collateral if an account contains only one security or a
large concentration of one or more securities; or low-priced, thinly traded or
volatile securities; or if some of your collateral is or becomes restricted or
non-negotiable or non-marginable. We may also consider market
conditions, your financial resources, or other factors deemed by us to be
relevant given the circumstances at the time.
You are not entitled to an extension of time on a margin call.
While an extension of time to meet margin requirements might be available
to customers under certain conditions, a customer does not have a right to
the extension.
Some accounts that carry a margin loan balance and hold dividend-paying
securities may receive a “substitute income payment in lieu of a
dividend” (PIL). This payment may be taxable as ordinary income. Taxable
accounts that receive a PIL instead of a qualified dividend may also receive
a supplemental credit from Schwab. This will be identified on customer
statements as a “Schwab substitute income credit.” However, when
Schwab can identify that a dividend is nonqualified, we will not credit your
account with this additional payment.
• This credit is NOT “payment in lieu,” and is unrelated to any payment from
either the security issuer or the borrower.
• It is a discretionary credit from Schwab which may be discontinued in the
future with or without notice.*
• It may be subject to tax at your ordinary income tax rate. Please consult
your tax advisor about your specific tax situation.
• Because individual tax situations differ, Schwab cannot precisely calculate
the additional tax costs a client might incur. Therefore, we do not intend,
nor should clients expect, for this payment to be an exact reimbursement
of any excess tax cost.
*Please refer to the “Loan Consent” section of your Account Agreement
which states that no compensation is due in connection with such loans
and that Schwab “is not required to compensate you for any differential tax
treatment between dividends and payments in lieu of dividends.”
Independent investment advisors are not owned by, affiliated with, or supervised by Charles Schwab & Co., Inc. (“Schwab”).
©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)
APP10639-35
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) APP10639-35 (06/20)
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Estate Account Schwab One Application Instructions

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