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COM31873-20
CLIENT COPY
©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC.
©2017 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender.
CC1212940 (0817-7ZCA) REG78503-06 (07/17)
www.schwab.com | 1-800-435-4000 (inside the U.S.) | +1-415-667-8400 (outside the U.S.) | 1-888-686-6916 (multilingual services)
IMPORTANT: Please attach only a copy, not originals, of the title page or fi rst page and all signature pages of the Trust documentation
along with this Application. (Schwab does not have the practice of returning original documents.) Please do not attach the entire Trust
document or any additional pages unless requested by Schwab. Failure to comply with these instructions may delay the account opening
process, as Schwab may require additional signatures and acknowledgment from the Trustee(s).
As you complete this application, please note:
A minimum deposit of $1,000 is required to open a Trust account. The minimum deposit is waived if you open a Schwab Bank
High Yield Investor Checking Trust account or if you establish a monthly transfer of at least $100 through either Direct Deposit or
Schwab MoneyLink®. If you are reregistering an existing Schwab account, the minimum deposit does not apply.
Notarization of Trustee(s) signature is required in Section 15 of the Schwab One Trust Account Application. Exception: Notarization is
not required for Revocable Trusts where all Grantor(s) (the individual(s) establishing and initially funding the Trust), current Trustee(s),
and current Benefi ciary(ies) are the same individual(s), or if you are only adding Schwab One checks or Visa® Debit Cards to an
existing Trust Account.
For example, a husband and wife are the Grantors, current Trustees, and current Benefi ciaries; therefore, no notarization is required.
However, when one spouse passes away, the surviving spouse, who is one of the original Grantors and is a current Trustee and
Benefi ciary, will need to have his/her signature notarized.
For a Revocable Trust, attach a copy of the title page or fi rst page and all signature pages of the Trust documentation along with this
Application. All pages of the Certifi cation of Trust, Memorandum of Trust, Affi davit of Trust, or Abstract of Trust may be submitted to
satisfy the trust documentation.
For an Irrevocable Trust, attach a copy of the title page or fi rst page and all signature pages of the Trust documentation along with
this Application.
For a Sub-Trust (e.g., Marital Trust, Bypass Trust, or Generation-Skipping Trust), in addition to the requested documentation listed
above, please provide copies of the page(s) of the original Trust document with the provision outlining the creation of the Sub-Trust.
For a Testamentary Trust, Schwab will require copies of the fi rst page and signature page(s) of the Will and evidence that the Will has
been fi led with the court. Schwab will need a copy of the provision within the Will that allows for the establishment of the Testamen-
tary Trust upon the death of the Grantor.
All Trustees must initial and sign the Trustee Certifi cation page in Section 12, sign Section 14, and, if you are applying for a
Schwab Bank High Yield Investor Checking Trust Account, sign Section 5 of the attached application for that account.
Schwab, like all U.S. fi nancial institutions, is required to follow federal regulations to assist the government in its efforts to combat money
laundering and other fi nancial crimes. This Application therefore requests specifi c information and documentation in order to verify the
identity of the entity and its Control Persons, Authorized Individuals, and Benefi cial Owners.
Please return pages 1–12 of this form, plus the title and all signature pages of the Trust documentation, using any of the following
methods:
• Upload online with Secure Messaging (if you are an existing client and have online access to your account):
1. Go to Schwab.com.
2. Log in to your account.
3. Click the Message Center link (under Accounts), and then click the Compose New Message link.
4. Upload your form as an attachment by clicking the Add File button.
5. When your message is complete, click Send.
• 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
1945 Northwestern Drive
El Paso, TX 79912
Overnight Mail
Charles Schwab & Co., Inc.
Attn: IS Document Control
1958 Summit Park Drive, Ste. 200
Orlando, FL 32810
• Fax to 1-888-526-7252.
• Bring to your nearest Schwab branch. (Visit schwab.com/branch for locations.)
Please retain this page for your fi les.
You do not need to send it back to Schwab.
Instructions to Open or Update a
Schwab One
®
Trust Account with Optional Schwab
Bank High Yield Investor Checking
®
Account
00153599
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©2017 Charles Schwab & Co., Inc.
All rights reserved. Member SIPC.
CC0957523 (0817-7ZBH) APP10600-49 (07/17)
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www.schwab.com | 1-800-435-4000 (inside the U.S.) | +1-415-667-8400 (outside the U.S.) | 1-888-686-6916 (multilingual services)
1. Establish Your Account(s) (Check one.)
Please review the documentation requirements listed on the previous page. Please follow these instructions precisely or the opening of your
account may be signifi cantly delayed. If you are submitting a handwritten form, please print in ALL CAPITAL LETTERS.
Open a new Schwab One Trust account only. (This option must be selected for Testamentary Trusts new to Schwab and Trust accounts utilizing an
Entity Trustee.) (Please complete all sections of the Application. All Trustees must sign this Application and the attached Trustee Certifi cation.)
Open a Schwab One Trust account and a Schwab Bank High Yield Investor Checking® Trust account. (Not available for Testamentary Trust
accounts or Trust accounts utilizing an Entity Trustee.) (Complete Sections 1–15 of the Schwab One Trust Account Application and Sections 1–4 of
the Schwab Bank High Yield Investor Checking Trust Account Application.)
Note: To open a Schwab Bank High Yield Investor Checking Account, all Trustees must be U.S. citizens or U.S. resident aliens and reside in the U.S.
or one of its territories (except Guam), or have a U.S. military address. All Trustees must be individuals and cannot be organizations, other trusts, or
business entities. High Yield Investor Checking Accounts, including Visa® Platinum debit card, are not available for trusts with Entity Trustees.
Convert an existing Schwab or Schwab One account to a Schwab One Trust account and keep the same account number. If the Tax ID number is
changing, a new account must be opened.
• If all the current account holders are also the Trustees and the Tax ID number is not changing, please write the account number below, complete
all sections of the Application, and have all Trustees initial or sign where indicated.
• If all of the parties on the existing account will not be acting as Trustees on the Trust account, the parties on the existing account must provide
Schwab with a Letter of Authorization (LOA) requesting the removal of the account holder(s) and the conversion to a Trust account. The LOA must
be signed by all parties on the existing account.
• Important Note for POA: If your existing account has a Power of Attorney (POA) that you wish to retain, all Trustees of the Trust must complete and
sign a new POA.
2. Add Cash Features to an Existing Schwab One Trust Account
Add Schwab One checks or Visa Platinum debit card(s) to an existing Schwab One Trust account. Please provide your account number below,
complete Section 11, sign and initial the Trustee Certifi cation, and sign the Application. Return all pages of this Application to Schwab, including the
pages that do not apply to adding cash features to an existing Schwab One Trust account.
Notarization is not required if you are only adding the checking feature to an existing Trust account. (If you are only adding Schwab One checks or
Visa Platinum debit card(s) to an existing Schwab One Trust account, you must submit additional Living or Testamentary Trust documentation, e.g.,
title and signature pages of the Trust, as specifi ed on the previous page.)
Existing Schwab or Schwab One
Account Number
3. Trust Information
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.
Type of Trust (Select only one.)
Revocable Trust where all Grantor(s), current Trustee(s) and current Bene ciary(ies) are all the same individual(s). (Notarization is not required.)
Other Revocable Trust*
Irrevocable Trust*
†
Please specify the type of Irrevocable Trust:
Grantor Retained Annuity Trust (GRAT) Charitable Remainder Unitrust (CRUT) Charitable Remainder Annuity Trust (CRAT)
Family Descendants Generational Remainder Other _______________________________________________________________________________________
Testamentary Trust (created by will or probate)*
If this is a Testamentary Trust, enter the decedent’s name:
Name (First) (Middle) (Last)
*Notarization of Trustees’ signatures is required. See Section 15.
†
Tax-exempt trusts must provide proof of exempt status, such as a Tax Declaration Letter.
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affi liated companies and wholly owned subsidiaries of The Charles Schwab
Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services
are offered by Schwab Bank, member FDIC and Equal Housing Lender.
FOR CHARLES SCHWAB USE ONLY:
Branch Offi ce and
Account Number
Page 1 of 12
Schwab One
®
Trust Account Application
for Trusts Domiciled in the United States
COM31873-20
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©2017 Charles Schwab & Co., Inc.
All rights reserved. Member SIPC.
CC0957523 (0817-7ZBH) APP10600-49 (07/17)
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Full Legal Name of Trust
Trust Tax ID Number (If a Trust Tax ID is not provided, then a Form W-9 will need to be completed and submitted with this form.) Date of Trust (mm/dd/yyyy)
Trust is governed by the laws of the state of: __________________________________________________________________________________________________________________________________________
Is the Trust a 10% shareholder of a publicly traded company?
No Yes
(If “yes,” enter company name _______________________________________________________________________________ and trading symbol ______________________.)
Has the original Trust Agreement been amended or restated?
No Yes
Most Recent Amendment Date ______________________________________________________________ Most Recent Restatement Date ___________________________________________________________
Trust Annual Income:
Under $15,000 $15,000–$24,999 $25,000–$49,999 $50,000–$99,999 $100,000 or More
Trust Liquid Net Worth: Under $25,000 $25,000–$49,999 $50,000–$99,999 $100,000–$249,999 $250,000 or More Specify: ______________________________
4. Trustee Information
Schwab will use the information you provide to open and service accounts, communicate with you, and provide information about products and services.
Read about Schwab’s privacy policy at www.schwab.com/privacy. As required by U.S. federal law, Schwab will use the information provided for each of
the individuals named below to verify the identity of the Trust and persons related to it.
If there are more than two Trustees, please complete and attach a separate photocopy of the Co-Trustee section on pages 3 and 4 for each additional
Trustee. All Trustees must sign the Trustee Certifi cation (Section 12) and the Application (Section 14).
Primary Trustee
Schwab will use the Trustee address listed in this section as the address for the account unless you are supplying information for an Entity Trustee in
Section 5.
Is this Trustee also a Grantor of the Trust? No Yes
Name (First) (Middle) (Last)
Are you known by another name? Specify: Mother’s Maiden Name
Home/Legal Street Address (no P.O. boxes, please) City State Zip Code
Mailing Address (if different from above; P.O. boxes may be used) City State Zip Code
Home Telephone Number
( )
Business Telephone Number
( )
Cellular Telephone Number
( )
Social Security/Tax ID Number Date of Birth (mm/dd/yyyy) Email Address*
Country(ies) of Citizenship (Must list all; if not a U.S. citizen, please complete identifi cation information below.)
USA Other: ______________________________________ Other: ______________________________________
Country of Legal Residence
USA Other: ______________________________________
Employment Status (Select only one.)
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
Occupation (If you selected “Employed” or “Self-Employed,” select one option that best describes your occupation.)
Business Owner/Self-Employed Financial Services/Banking Professional Military Consultant
Executive/Senior Management Information Technology Professional Educator Other (specify): _________________________________
Medical Professional Other Professional Clerical/Administrative Services
Legal Professional U.S. Government Employee (Federal/State/Local) Trade/Service (Labor/Manufacturing/Production)
Accounting Professional Foreign Government Employee (Non-U.S.) Sales/Marketing
3. Trust Information (Continued)
Page 2 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
* By providing your email address, you consent to receiving email from Schwab. Information about opting out of certain email communications is
provided at schwab.com/privacy.
COM31873-20
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©2017 Charles Schwab & Co., Inc.
All rights reserved. Member SIPC.
CC0957523 (0817-7ZBH) APP10600-49 (07/17)
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Business Street Address (no P.O. boxes may be used) City State Zip Code
Are you affi liated with or employed by a stock exchange or member fi rm of an exchange or FINRA, or a municipal securities broker-dealer? No Yes
(If “yes,” you must attach a letter from your employer or affi liated broker-dealer approving the establishment of your account when submitting this Application.
List the company name ___________________________________________________________________.)
Are you a director, 10% shareholder or policy-making offi cer of a publicly held company?
No Yes
(If “yes,” enter company name _______________________________________________________________________________ and trading symbol ______________________.)
Marital Status
Single Married Divorced Widowed Number of Dependents: ______________________
Investment Knowledge (Select only one.)
None Limited Good Extensive
THIS SECTION TO BE COMPLETED BY A PRIMARY TRUSTEE WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.
Country of Birth (Required for foreign citizens and/or foreign residents only.)
Identifi cation Type
Passport U.S. Driver’s License U.S. Gov’t-Issued ID
Identifi cation Number
State or Country of Issuance Issue Date (mm/dd/yyyy) Expiration Date (mm/dd/yyyy)
Co-Trustee (if applicable)
Is this Trustee also a Grantor of the Trust? No Yes
Name (First) (Middle) (Last)
Are you known by another name? Specify: Mother’s Maiden Name
Home/Legal Street Address (no P.O. boxes, please) City State Zip Code
Mailing Address (if different from above; P.O. boxes may be used) City State Zip Code
Home Telephone Number
( )
Business Telephone Number
( )
Cellular Telephone Number
( )
Social Security/Tax ID Number Date of Birth (mm/dd/yyyy)
Country(ies) of Citizenship (Must list all; if not a U.S. citizen, please complete identifi cation information below.)
USA Other: ______________________________________ Other: ______________________________________
Country of Legal Residence
USA Other: ______________________________________
Employment Status (Select only one.)
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
Occupation (If you selected “Employed” or “Self-Employed,” select one option that best describes your occupation.)
Business Owner/Self-Employed Financial Services/Banking Professional Military Consultant
Executive/Senior Management Information Technology Professional Educator Other (specify): _________________________________
Medical Professional Other Professional Clerical/Administrative Services
Legal Professional U.S. Government Employee (Federal/State/Local) Trade/Service (Labor/Manufacturing/Production)
Accounting Professional Foreign Government Employee (Non-U.S.) Sales/Marketing
Business Street Address (no P.O. boxes may be used) City State Zip Code
Page 3 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
4. Trustee Information (Continued)
Primary Trustee (Continued)
COM31873-20
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CC0957523 (0817-7ZBH) APP10600-49 (07/17)
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Are you affi liated with or employed by a stock exchange or member fi rm of an exchange or FINRA, or a municipal securities broker-dealer? No Yes
(If “yes,” you must attach a letter from your employer or affi liated broker-dealer approving the establishment of your account when submitting this Application.
List the company name ___________________________________________________________________.)
Are you a director, 10% shareholder or policy-making offi cer of a publicly held company?
No Yes
(If “yes,” enter company name _______________________________________________________________________________ and trading symbol ______________________.)
Marital Status
Single Married Divorced Widowed Number of Dependents: ______________________
Investment Knowledge (Select only one.)
None Limited Good Extensive
THIS SECTION TO BE COMPLETED BY A CO-TRUSTEE WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.
Country of Birth (Required for foreign citizens and/or foreign residents only.)
Identifi cation Type
Passport U.S. Driver’s License U.S. Gov’t-Issued ID
Identifi cation Number
State or Country of Issuance Issue Date (mm/dd/yyyy) Expiration Date (mm/dd/yyyy)
5. Entity Trustee (if applicable)
Complete this section if any one of the Trustee(s) is an entity (corporate trustee or other entity). Also complete and return the Supplemental Trust
Account Application for Entity Trustees. Schwab will use the entity’s address as the address for the account.
Is this Trustee also a Grantor of the Trust? No Yes
Entity Name (please supply if your Trustee is not an individual)
Legal Street Address (no P.O. boxes, please) City State Zip Code
Country of Incorporation/Establishment State of Incorporation/Establishment
Entity Tax ID Number Business Telephone Number
( )
State or Federal Regulator (if applicable)
Required Information About Entity Agents
• Please complete this section for each individual who is authorized by the Entity Trustee to transact business with Schwab.
• If there is more than one individual who is authorized by the Entity Trustee to transact business with Schwab, please make, complete, and attach
additional copies of this section.
• Schwab will have no obligation of inquiry with respect to the validity of, or authority with respect to, any transaction or instruction provided by an
Authorized Individual.
Entity Agent
Title or Capacity of Individual (Select all that apply.)
Director President Vice President CFO Treasurer Secretary Other:
Name (First) (Middle) (Last)
Home Street Address (no P.O. boxes, please) City State Zip Code
Home Telephone Number
( )
Business Telephone Number
( )
Cellular Telephone Number
( )
4. Trustee Information (Continued)
Co-Trustee (Continued)
Page 4 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
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COM31873-20
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CC0957523 (0817-7ZBH) APP10600-49 (07/17)
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Social Security Number Date of Birth (mm/dd/yyyy)
Employment Status (Select only one.)
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
Occupation (If you selected “Employed” or “Self-Employed,” select one option that best describes your occupation.)
Business Owner/Self-Employed Financial Services/Banking Professional Military Consultant
Executive/Senior Management Information Technology Professional Educator Other (specify): _________________________________
Medical Professional Other Professional Clerical/Administrative Services
Legal Professional U.S. Government Employee (Federal/State/Local) Trade/Service (Labor/Manufacturing/Production)
Accounting Professional Foreign Government Employee (Non-U.S.) Sales/Marketing
Business Street Address City State Zip Code
Are you affi liated with or employed by a stock exchange or member fi rm of an exchange or FINRA, or a municipal securities broker-dealer? No Yes
If “yes,” also enter company name .
(You must attach a letter to this application that is from your employer, approving the establishment of this account.)
Are you a director, 10% shareholder, or policy-making offi cer of a publicly held company? No Yes
(If “yes,” also enter company name and trading symbol .)
Investment Knowledge (Select only one.)
None Limited Good Extensive
Email Address*
* By providing your email address, you consent to receiving email from Schwab.
THIS SECTION TO BE COMPLETED BY ENTITY TRUSTEE WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT
Country(ies) of Citizenship (Must list all.)
USA Other: Other:
Country of Legal Residence
USA Other:
ID Number and Type
Passport Driver’s License Gov’t-Issued ID
Country or State of Issuance Expiration Date (mm/dd/yyyy)
6. Grantor Information (Required information about the Grantor(s) who is not a Trustee(s))
Information about each Grantor must be provided below unless any of the following apply:
A. The Trust is a Testamentary Trust and the decedent’s name was provided above.
B. The Grantor(s) is a Trustee(s) and completed the “Trustee Information” section above.
Grantor 1
Type of Grantor (Please select only one.)
Individual Organization Trust
Grantor First Name Middle Name Last Name/Entity Name
If the Grantor is an entity, please list the state or country in which the Grantor entity
was established:
Date of Birth (mm/dd/yyyy) If the Grantor is deceased, please provide the date of death and proceed
to Section 7:
Grantor Home/Legal (Physical) Street Address (no P.O. boxes, please) City State or Province Zip Code
Telephone Number Social Security/Tax ID Number
Page 5 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affi liated companies and wholly owned subsidiaries of The Charles Schwab
Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services
are offered by Schwab Bank, member FDIC and Equal Housing Lender.
5. Entity Trustee (Continued)
Entity Agent (Continued)
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Country(ies) of Citizenship (Required) (Must list all; if not a U.S. citizen, please complete identifi cation information below.)
USA Other: ______________________________________ Other: ______________________________________
Country of Legal Residence
USA Other: ______________________________________
Are you affi liated with or employed by a stock exchange or member fi rm of an exchange or FINRA, or a municipal securities broker-dealer?
No Yes
(If “yes,” you must attach a letter from your employer or affi liated broker-dealer approving the establishment of your account when submitting this Application.
List the company name ___________________________________________________________________.)
Is the Grantor a 10% shareholder or policy-making offi cer of a publicly held company? No Yes
(If “yes,” enter company name _______________________________________________________________________________ and trading symbol ______________________.)
Marital Status
Single Married Divorced Widowed Number of Dependents: ______________________
Investment Knowledge (Select only one.)
None Limited Good Extensive
THIS SECTION TO BE COMPLETED BY A GRANTOR WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.
Country of Birth (Required for foreign citizens and/or foreign residents only.)
Identifi cation Type
Passport U.S. Driver’s License U.S. Gov’t-Issued ID
Identifi cation Number
State or Country of Issuance Issue Date (mm/dd/yyyy) Expiration Date (mm/dd/yyyy)
Grantor 2
Type of Grantor (Please select only one.)
Individual Organization Trust
Grantor First Name Middle Name Last Name/Entity Name
If the Grantor is an entity, please list the state or country in which the Grantor entity
was established:
Date of Birth (mm/dd/yyyy) If the Grantor is deceased, please provide the date of death and proceed
to Section 7:
Grantor Home/Legal (Physical) Street Address (no P.O. boxes, please) City State or Province Zip Code
Telephone Number Social Security/Tax ID Number
Country(ies) of Citizenship (Required) (Must list all; if not a U.S. citizen, please complete identifi cation information below.)
USA Other: ______________________________________ Other: ______________________________________
Country of Legal Residence
USA Other: ______________________________________
Are you affi liated with or employed by a stock exchange or member fi rm of an exchange or FINRA, or a municipal securities broker-dealer?
No Yes
(If “yes,” you must attach a letter from your employer or affi liated broker-dealer approving the establishment of your account when submitting this Application.
List the company name ___________________________________________________________________.)
Is the Grantor a 10% shareholder or policy-making offi cer of a publicly held company? No Yes
(If “yes,” enter company name _______________________________________________________________________________ and trading symbol ______________________.)
Page 6 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
6. Grantor Information (Continued)
Grantor 1 (Continued)
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affi liated companies and wholly owned subsidiaries of The Charles Schwab
Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services
are offered by Schwab Bank, member FDIC and Equal Housing Lender.
COM31873-20
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All rights reserved. Member SIPC.
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Marital Status
Single Married Divorced Widowed Number of Dependents: ______________________
Investment Knowledge (Select only one.)
None Limited Good Extensive
THIS SECTION TO BE COMPLETED BY A GRANTOR WHO IS A NON-U.S. CITIZEN AND/OR NON-U.S. RESIDENT.
Country of Birth (Required for foreign citizens and/or foreign residents only.)
Identifi cation Type
Passport U.S. Driver’s License U.S. Gov’t-Issued ID
Identifi cation Number
State or Country of Issuance Issue Date (mm/dd/yyyy) Expiration Date (mm/dd/yyyy)
Note: If there are more than two Grantors, please complete and attach a separate photocopy of the Grantor 2 Section on pages 6 and 7 for each
additional Grantor.
7. 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 Sweep Banks that 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.
You understand and agree that Schwab may (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.
8. Fund Your Schwab One Trust Account
A check or money order made payable to the name of the Trust is enclosed for $ _______________________________ .
Transfer funds from another fi nancial institution. Please complete the Transfer Your Account form enclosed.
Electronic transfer via Schwab MoneyLink® (Schwab MoneyLink Electronic Funds Transfer Form enclosed.)
Deposit funds using the Schwab Mobile application. Download the Schwab Mobile app and apply for Schwab Mobile Deposit
TM
. (You must be
approved for this service. This option is not available for Testamentary Trusts.)
Note: To fund your High Yield Investor Checking Trust account, make a selection in Section 4 of the Schwab Bank High Yield Investor Checking® Trust
Account Application.
Page 7 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
6. Grantor Information (Continued)
Grantor 2 (Continued)
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9. Paperless Document Enrollment
Here’s how paperless works: The Primary Trustee or Authorized Entity Agent, as applicable, will receive account statements, trade confi rmations,
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 notifi cation 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 Section 4 or Section 5, as applicable. The completion of your enrollment will depend
on one of the following scenarios.
Scenario 1:
If you are the Primary Trustee or Authorized Entity Agent, as applicable, and already have an account enrolled in Paperless Documents using the email
address provided in Section 4 or Section 5, as applicable, 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 are the Primary Trustee or Authorized Entity Agent, as applicable, and 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.
10. Required Information About the Account
Overall Investment Objective(s) of Your Schwab One Brokerage 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 fl uctuations and volatility.
Speculation. You are willing to assume a higher risk of loss in exchange for potentially higher returns.
Margin
A margin account allows the Trustee to borrow against eligible securities. Margin loans can be used to purchase additional securities, to sell securities
short, to obtain short-term fi nancing, or as a source of overdraft protection. If you select the margin feature, your Trust Agreement must speci cally
authorize the Trustee(s) to establish a margin account. Check below if you do not wish to have the margin feature or if the Trust Agreement does not
authorize margin borrowing.
To learn more about margin, we encourage you to use the educational materials available at www.schwab.com/margin_education.
Margin is automatically included unless you check this box. Do NOT add margin.
Options Trading
If you are converting an existing Schwab One account to a Schwab One Trust account and your account has previously been approved for options trading
and you either have options in your existing account or would like to trade options, all Trustees must complete and sign a new Add Options Trading and
Margin to Your Account form.
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Source of Funds (Select all 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
a n o t h e r fi r m .
Salary/Wages/Savings Family/Relatives/Inheritance Gambling/Lottery
Social Security Benefits Investment Capital Gains Other (please specify):
Sale of Property or Business Gifts ___________________________________________________
Purpose of Account (Select all that apply.)
Investing of Trust assets Payment of Trust expenses Payment of Trustee compensation
Distribution of Trust assets Investing of pooled assets Investing for tax benefi ts
Other (please specify): __________________________________________________________________________________
11. Checking Preferences (Select one of the following options if you want to access the cash in your Schwab One Trust account.)
If you are opening only a Schwab One brokerage account and would like the ability to write Schwab One brokerage checks and/or use a Visa® Platinum
debit card, please complete this section. By choosing to order Schwab One brokerage checks, you represent, warrant, and certify that the Trust permits
checkwriting and/or the use of a Visa debit card. If you do not want checks or a Visa debit card, skip this section and go to Section 12.
Select only one:
Checks only*
Checks and one Visa debit card (Visa debit cards are not available for Testamentary Trust accounts*)
Checks and two Visa debit cards (second Visa debit card available only for issuance in Co-Trustee’s name*)
Upon receipt of your Schwab One Trust starter checks, you may contact a Schwab representative to order additional standard checks at no cost.
You will receive your checks and/or debit card after you fund your account.
Note: Schwab Bank High Yield Investor Checking® accounts, including Visa® Platinum debit cards, are not available for accounts with Entity
Trustees or for trusts with trustees who are not U.S. citizens or U.S. resident aliens.
Anticipated Activity
On average, how many times per month do you anticipate writing checks and/or making ATM withdrawals? (Check only one.)
Less than 5 times per month
5 to 10 times per month
11 to 20 times per month
More than 20 times per month
*Having the name of the Trust printed at the top of the checks, along with the names of the Trustees followed by the word “Trustee,” provides protection
for the client. Under Uniform Commercial Code Section 3402(b)(2), if the check does not indicate that the maker of the check is signing in their
representative capacity (that is, as Trustee of a Trust), the signer may be personally liable to a holder in due course who takes the check without notice
that the Trustee was not intended to be liable on the instrument.
10. Required Information About the Account (Continued)
Page 9 of 12
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affi liated companies and wholly owned subsidiaries of The Charles Schwab
Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services
are offered by Schwab Bank, member FDIC and Equal Housing Lender.
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Page 10 of 12Schwab One®Trust Account Application for Trusts Domiciled in the United States |
12. Trustee Certifi cation
All Trustees must initial each section to confi rm acceptance of the terms and conditions of this Trustee Certifi cation (“Certifi cation”). All Trustees
must also sign and date this Certifi cation. If there are more than two Trustees, please make a photocopy and complete in full and attach.
Section 1—Authority, Ownership and Control Over Trust Assets
1. Each Trustee certifi es that no other person or entity other than the Trustee(s) has the authority to control, manage or direct the Account. Each
Trustee further certifi es that this Account has not pooled the holdings of more than one benefi cial owner whose identity has not yet been disclosed
to Charles Schwab & Co., Inc. (“Schwab”) in which the benefi cial owner has the ability to effect transactions.
Initial Here Initial Here
Section 2—Authorization to Open and to Transact in Account
1. By signing the Account Application (the “Application”), each Trustee represents, warrants and certifi es that Schwab is authorized to open and
maintain the Account on behalf of the Trust identifi ed in the Application (the “Trust”) in accordance with the applicable Account Agreements,
including without limitation the authority to accept, hold and deliver assets belonging to the Trust and to accept orders and other instructions relating
to the Trust from the Trustee(s).
2. Each Trustee represents, warrants and certifi es that the Trust has been established in accordance with the laws of the governing state; that the
source of funds used to fund the Account were lawfully obtained; and that the Account will solely be used for legally permissible purposes.
3. Each Trustee represents, warrants and certifi es that the Trust is a valid existing trust and that all of the information provided to Schwab on the
Application is accurate. Each Trustee agrees that they have provided Schwab with information on all parties who currently have control over the Trust
funds and agrees to provide Schwab with information on all future parties who control the Trust funds while the Account is open.
4. Each Trustee represents, warrants and certifi es that the Trust has not been revoked, modifi ed or amended in any manner that would cause the
representations contained in this Certifi cation to be incorrect. Each Trustee agrees to notify Schwab immediately in writing of any changes that would
cause this Certifi cation to become incorrect or incomplete; of any changes in the composition of the Trustees; of any changes to the Trust structure
or owners or control persons of the Trust; or of any other event that could alter this Certifi cation.
5. Each Trustee understands that Schwab may request additional information and/or documentation relating to the Trust, and each Trustee agrees to
provide Schwab with all requested information and/or documentation.
6. The representations and obligations stated in this Certifi cation will survive the termination of the Account.
Initial Here Initial Here
Section 3—Trustee Roles, Responsibilities and Indemnifi cation
1. If a Trustee hires an Advisor and/or Manager, the Trustees represent, warrant and certify that either the Trust Agreement or applicable law grants the
Trustees the power to delegate to others (such as a fi nancial advisor) the authority to give trading instructions with respect to the Trust’s Account with
Schwab and, if authorized by a Trustee on the Account Application, to authorize Schwab to: (1)execute trades in the Account at the direction of an Advisor
and/or Manager (as defi ned in the Application); (2)disburse assets for investment purposes or to the Trustees personally, as instructed by an Advisor;
(3)remit checks, wire funds and make certain disbursements of funds held in the Account as regulations permit and as instructed by an Advisor (i)to
banks, broker-dealers, investment companies or other fi nancial institutions for credit to an account of identical registration or (ii)to the Trustees
personally at their addresses of record; and (4)pay investment advisory and related fees from the Account in the amount of an Advisor’s instructions.
2. Each Trustee represents, warrants and certifi es that either (1)the Trust expressly authorizes that each Trustee (if there is more than one) is authorized to
act individually, independently and without the consent of the other Trustees; or (2)the Trustees have consented to allow each Trustee to act individually,
independently and without the consent of the other Trustees with respect to the Account and that such delegation of authority is expressly authorized by
the Trust and by applicable law. Each Trustee agrees that any notice delivered to one Trustee shall constitute notice to all Trustees. Schwab, in its sole
discretion and for its sole protection, may require the written consent of any or all Trustees prior to acting upon the instructions of any Trustee.
3. If a Trustee applies for and utilizes the margin borrowing feature, each Trustee represents, warrants and certifi es that the Trust expressly grants
them the power to trade securities on margin or otherwise (including the purchase and/or sale of option contracts) for and at the risk of the Trust and
to grant authority to a brokerage fi rm, acting as principal or otherwise, to pledge, repledge, hypothecate or rehypothecate assets of the Trust. Each
Trustee agrees to decline the margin borrowing feature if such authorizations for borrowing are not contained in the Trust.
4. Each Trustee represents, warrants and certifi es that the Trust expressly grants them the power to buy, sell (including short sales), exchange, and
convert, tender and redeem securities without restriction as to type. Each Trustee further represents, warrants and certifi es that the Trust expressly
grants them the power to withdraw assets from the Account, including the delivery of assets to and from the Account and the delivery of assets to a
Trustee personally. Each Trustee agrees that Schwab shall have no duty of inquiry with respect to any trade, deposit or withdrawal from the Account,
and each Trustee affi rms that all transactions effected and all instructions provided to Schwab will be in full compliance with the Trust.
5. By signing this Application, each Trustee represents, warrants and certifi es that there are no currently acting Trustee(s) of the Trust other than those
signing below. Should only one person execute this Application, it is a representation that the signer is the sole current acting Trustee.
6. Each Trustee represents, warrants and certifi es that neither they nor the Trust shall impose any obligation upon Schwab for determining the purpose
or propriety (1)of any instructions received from any Trustee or (2)of payments or deliveries to or among Trustees.
7. Each Trustee hereby, jointly and severally, in both their personal and representative capacities, agrees to indemnify Schwab, its affi liates, offi cers,
directors, attorneys, employees and agents from, and to hold such persons harmless against, any claims, judgments, surcharges, settlements or other
liabilities or costs of defense or settlement (including investigative and attorneys’ fees) arising out of or related to any act or omission to act by any
Trustee with respect to the Account. Each Trustee also agrees, jointly and severally, to indemnify Schwab and hold Schwab harmless from any claim, loss,
expense, or other liability for effecting any transactions and for acting upon any investment or money movement instructions provided by any Trustee.
Initial Here Initial Here
All Trustees must sign and date below.
______________________________________________________________________________________________________ Date _______________________
Signature: Trustee
Print Name (mm/dd/yyyy)
______________________________________________________________________________________________________ Date _______________________
Signature: Co-Trustee
Print Name (mm/dd/yyyy)
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13. Offer/Referral Code (Optional, up to three offer/referral code entries)
Offer/Referral Code
Offer/Referral Code
Offer/Referral Code
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.
14. Authorization to Open Account
By signing this Application, you acknowledge that you have received and read a copy of the attached Application Agreement, which contains a predispute
arbitration provision. You acknowledge that your signature signifi es and constitutes your agreement that this account and you and the Trust’s relationship
with Schwab will be governed by the Application Agreement and all incorporated agreements and disclosures, including the Schwab One International®
Account Agreement and the Charles Schwab Pricing Guide, each as amended from time to time (the “Agreement and Disclosures”). You understand there
are fees associated with establishing, maintaining, engaging in transactions in, and transferring assets out of this account. Unless you have declined
the margin feature, you acknowledge that securities securing loans from Schwab may be lent to Schwab and lent by Schwab to others. You also
acknowledge that if you trade “on margin,” you are borrowing money from Schwab and you understand the requirements and risks associated with
margin borrowing as summarized in the Margin Disclosure Statement included with this Application.
For purposes of this Account Application and the attached Application Agreement, the terms “I,” “me,” “my,” “you,” “your,” and “Account Holder” refer to
each person who signs this Account Application and apply with respect to both a person’s individual capacity and any applicable representative or
fi duciary capacity when such a person is acting on behalf of a legal owner of assets in the account. When the legal owner of assets in the account is not
a natural person, the terms “you,” “your,” and “Account Holder” also refer to such legal owner. The terms “we,” “us,” “our,” and “Schwab” refer to Charles
Schwab & Co., Inc. All Trustees must sign and date this Application even if the Trustees will not conduct business in the account. Your signature(s)
below will also serve as a signature card for checks and Visa® debit cards. If there are more than two Trustees, please make a photocopy of Sections
12, 14, and 15 to be completed in full with attached notarizations.
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I certify, under penalty of perjury, that (1)the number shown on this Application is the correct Taxpayer Identi cation Number for this Trust account;
(2)the Trust is not subject to backup withholding because (a)the Trust is exempt from backup withholding, or (b)the Trust is not subject to backup
withholding due to a failure to report interest and dividend income; (3)the Trust is a U.S. person (a domestic trust as de ned in federal regulations
section 301.7701-7); and (4)the Trust is exempt from Foreign Account Tax Compliance Act (FATCA) reporting. I understand that if I have been noti ed
by the IRS that the Trust is 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 certi cation required to avoid
backup withholding.
The Agreement with Schwab includes a predispute arbitration clause.
I acknowledge receipt of the predispute arbitration clause contained
in the Required Arbitration Disclosures and Arbitration Agreement
sections, on pages 2–3 of the attached Schwab One Trust Account
Application Agreement.
______________________________________________________________________________________________________ Date _______________________
Signature: Trustee
Print Name (mm/dd/yyyy)
______________________________________________________________________________________________________ Date _______________________
Signature: Co-Trustee
Print Name (mm/dd/yyyy)
15. Notarization of Trustee Signature(s)
Trustee signatures must be notarized unless the Trust is a Revocable Living Trust where the Grantor(s) and Trustee(s) are the same individual.
(NOTARY SEAL)
Certi cate of Acknowledgment of Notary Public*
State of ________________________________________, in the County of ___________________________________________. On ______________________,
(mm/dd/yyyy)
the above-named individual(s) personally appeared before me and proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)
is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and
that by his/her/their signature(s) on the instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY that the foregoing paragraph is true and correct.
______________________________________________________________________ ___________________________
Notary Signature Today’s Date (mm/dd/yyyy)
______________________________________________________________________ ___________________________
Print Notary Name My Commission Expires (mm/dd/yyyy)
*If your state law permits, notaries may attach the appropriate notarizing declaration in lieu of this notarization.
X
Notice to CA Residents: A notary public or other offi cer completing this certifi cate verifi es only the identity of the individual(s) who signed the document
to which this certifi cate is attached, and not the truthfulness, accuracy, or validity of that document.
(NOTARY SEAL)
Certi cate of Acknowledgment of Notary Public*
State of ________________________________________, in the County of ___________________________________________. On ______________________,
(mm/dd/yyyy)
the above-named individual(s) personally appeared before me and proved to me on the basis of satisfactory evidence to be the person(s) whose name(s)
is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and
that by his/her/their signature(s) on the instrument, the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY that the foregoing paragraph is true and correct.
______________________________________________________________________ ___________________________
Notary Signature Today’s Date (mm/dd/yyyy)
______________________________________________________________________ ___________________________
Print Notary Name My Commission Expires (mm/dd/yyyy)
*If your state law permits, notaries may attach the appropriate notarizing declaration in lieu of this notarization.
X
Notice to CA Residents: A notary public or other offi cer completing this certifi cate verifi es only the identity of the individual(s) who signed the document
to which this certifi cate is attached, and not the truthfulness, accuracy, or validity of that document.
14. Authorization to Open Account (Continued)
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This agreement relates to your account and is part of the Account Agreement between each Trustee and Charles Schwab & Co., Inc.
(“Schwab”). Please retain for your fi les.
Schwab One Trust Account Application Agreement
Section 1: Scope of Agreement. Your agree-
ment 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 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 benefi t packages. These supple-
mental 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 relation-
ship 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 additional
authorizations from third parties are required
for you to open the account and effect transac-
tions therein; (d)except as you have otherwise
indicated on your Account Application or in
writing to us, (i)you are not an employee of or
affi liated with any securities exchange or
member fi rm of any exchange, the Financial
Industry Regulatory Authority (FINRA), or any
securities fi rm, bank, trust company, or
insurance company, and (ii)you are not a
director, 10% benefi cial shareholder, policy-making
offi cer, or otherwise an “affi liate” (as defi ned in
Rule 144 under the Securities Act of 1933) of a
publicly traded company; and (e)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 identifi ed
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
suitable for you. Your obligation includes an
affi rmative duty to monitor profi ts and stay
informed about your account and your invest-
ments and respond to changes as you deem
appropriate.
Unless Schwab otherwise agrees with you in
writing, Schwab does not have any discretionary
authority or obligation to review or make
recommendations for the investment of
securities or cash in your account.
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 by an
Investment Advisor authorized to make transac-
tions in your account. We may elect anytime, with
or without notice, to make any debit balance or
other obligation related to your account immedi-
ately 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 each Account
Holder, each Account Holder grants to us a fi rst,
perfected and prior lien on; a continuing security
interest in; and a 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
affi liates 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 credi-
tor under all applicable laws in addition to the
rights and remedies provided in this Agreement.
Section 8: Liquidations. Whenever it is
necessary for our protection or to satisfy a
margin defi ciency, 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 which
transactions to close, or for the timing or
manner of liquidation.
In certain circumstances we may, at our sole
discretion, liquidate your entire margin loan
balance to satisfy a margin call. You agree not
to hold us liable for taking such action.
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 margin
defi ciency or other obligation. You agree to
pay on demand any account defi ciencies after
liquidation, whether liquidation is complete
or partial.
All of the above may be done without demand
for margin or notice of purchase, sale, transfer
or cancellation to you. No demand for margin 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 specifi c
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: Borrowing Money and Using
Margin. All margin transactions are subject to
our Disclosure of Credit Terms and Policies and
our Margin Borrowing at Schwab: Overview and
Disclosure Statement. You agree not to enter an
order for a margin transaction until you have
read and understood the Disclosure of Credit
Terms and Policies and the “Overview and
Disclosure Statement.”
Section 11: Loan Consent. You agree that
property held in your Margin Account, now or in
the future, may be borrowed (either separately
or together with the property of others) by us
(acting as principal) or by others. You agree that
Schwab may receive and retain certain benefi ts
(including, but not limited to, interest on collateral
posted for such loans) to which you will not be
entitled. You acknowledge that, in certain
circumstances, such borrowings could limit your
ability to exercise voting rights or receive
dividends, in whole or in part, with respect to
the property lent. You understand that for
property that is lent by Schwab, the dividends
paid on such property will go to the borrower. No
compensation or other reimbursements will be
due to you in connection with such borrowings.
However, if you are allocated a substitute
payment in lieu of dividends, you understand
that such a payment may not be entitled to the
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same tax treatment as may have been applied
to the receipt of a dividend. You agree that
Schwab is not required to compensate you for
any differential tax treatment between dividends
and payments in lieu of dividends. Schwab may
allocate payments in lieu of dividends by any
mechanism permitted by law, including by using
a lottery allocation system.
Section 12: Using the Check & Visa® Platinum
Debit Card Features. If you have requested
check or Visa Debit Card feature through your
account, you authorize checks and Visa Debit
Cards to be issued as indicated in your Account
Application. You agree that each Account Holder
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 13: Linking Your Account to a Schwab
Bank High Yield Investor Checking® Trust
Account at Schwab Bank. If you link your
account to a High Yield Investor Checking Trust
account held at Schwab Bank, you authorize
Schwab to accept and follow instructions
received from Schwab Bank to transfer funds
from your account to your High Yield Investor
Checking Trust account as set forth in your
Schwab Bank High Yield Investor Checking
Account Application and Schwab Bank Deposit
Account Agreement. The provisions of the
Agreement and Disclosures relating to checks
and debit cards will not apply to the services
received from Schwab Bank.
You authorize Schwab to act as your agent in
processing those instructions from Schwab
Bank. You understand and agree that Schwab
has sole discretion to accept or deny, in whole
or in part, any such instruction. You also agree
that Schwab is not responsible for any errors in
calculation or damages resulting from errors in
calculations or delays in transfers. In no event
will Schwab be liable for any special, indirect or
consequential damages, even if we have been
informed of the possibility of such damages.
You authorize Schwab to act upon your requests
for Real-Time Funds Transfers (as defi ned in the
Schwab Bank Deposit Account Agreement) from
Schwab Bank. The maximum amount you may
transfer will be calculated the same way
Schwab calculates the Authorization Limit for
brokerage checkwriting privileges as set forth in
the Schwab One Account Agreement. By
requesting a Real-Time Funds Transfer, you
understand that you may create a margin loan
in your brokerage account that may be subject
to daily interest charges.
In order for transfers to occur, both your High
Yield Investor Checking Trust account and your
account must be open and active and linked
with each other. Target Balance Transfers will be
limited to your Authorization Limit (as described
in the Schwab One Account Agreement),
excluding your Available Margin Loan Value (as
defi ned in the Schwab One Account Agreement).
Overdraft Transfers will be limited to your
Authorization Limit.
If you have a debit balance in your account,
Target Balance Transfers will not be made to
your High Yield Investor Checking Trust account.
Pending securities trades (including the
Automatic Investment Plan [AIP]), pending
debits to your account, and pending transfers of
funds from your account may not be considered
in determining whether funds are available for
transfer from your account to your High Yield
Investor Checking Trust account at Schwab
Bank.
Further, transfers of funds from your account
are subject to Schwab’s minimum deposit
requirements. You and your account may not
have any restrictions preventing Schwab from
using funds in your account to satisfy a transfer
instruction from Schwab Bank. If your account
becomes subject to a restriction, your eligibility
for this feature may be revoked and you
understand that Schwab Bank may close your
High Yield Investor Checking Trust account.
Transfers to Schwab Bank may result in debits
in your account. You acknowledge that you are
responsible for all debits (and interest on debits)
in your account, as described in further detail in
the Agreement and Disclosures. Your account
remains an obligation solely of Schwab. Likewise,
your High Yield Investor Checking Trust account
remains an obligation solely of Schwab Bank.
Section 14: Verifi cation. 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 your
spouse, if you live in a community property
state) at account opening, at any time through-
out the life of the account, and thereafter for
debt collection or investigative purposes.
Section 15: 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
i s l e d .
• Arbitration awards are generally nal 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 rst scheduled
hearing date.
• The panel of arbitrators will typically include
a minority of arbitrators who were or are
af liated 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 led, and any amendments thereto,
shall be incorporated into this Agreement.
No person shall bring a putative or certi ed
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 certi cation is denied;
2. the class is decerti ed; 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 16: 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 agree-
ments, 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, af liates, of cers, 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 bene t 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 bene cial
interest in the Account, including court-appointed
trustees and receivers. This arbitration agree-
ment will also inure to the bene t 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 bene ciaries 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
ling 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 unavail-
able 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
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Schwab One®Trust Account Application Agreement for Trusts Domiciled in the United States |
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
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arbitration costs, which are determined by the
rules and regulations of the arbitration forum.
In the event of nancial 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 nal
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 enforce-
ment 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 rst-class,
certi ed or registered mail, or otherwise given
by other commercially accepted medium of
written noti cation.
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 speci cally 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 17: Electronic Copies. The electroni-
cally stored copy of your (or your agent’s)
signature, any written instructions or authoriza-
tions, the Account Application and the Agree-
ment 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 18: Unclaimed Property. If no activity
occurs in the Account within the time period
specifi ed by applicable state law, the Account
may be transferred to the appropriate state.
Section 19: 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 20: 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 descrip-
tion of Schwab’s lottery system mailed to you,
please contact a Schwab representative at
1-800-435-4000.
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Schwab One®Trust Account Application Agreement for Trusts Domiciled in the United States |
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Member FDIC. Equal Housing Lender.
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www.schwab.com | 1-800-435-4000 (inside the U.S.) | +1-415-667-8400 (outside the U.S.) | 1-888-686-6916 (multilingual services)
• To apply for your Schwab Bank High Yield Investor Checking Trust (“High Yield Investor Checking Trust”) account, complete all sections. All Trusts
must be established in the U.S. All Trustees must be U.S. citizens or U.S. resident aliens, reside in the U.S. or one of its territories (excluding Guam),
and provide a U.S. mailing address.
• We respect your privacy. Charles Schwab Bank (the “Bank”) will use the information you provide on the Schwab One® Trust Account (“Schwab
One Trust”) Application to open and service your High Yield Investor Checking Trust account, communicate with you, and provide information about
products and services. Read about our privacy policy in Schwab’s Facts: What Does The Charles Schwab Corporation Do With Your Personal
Information? (or any successor publication). As required by federal law, we will use the information you provide to verify your identity.
• Once your High Yield Investor Checking Trust account is approved and opened, you will receive Visa® Platinum Debit Card(s) from the Bank.
Personalized checks will be sent once your High Yield Investor Checking Trust account is funded.
1. Trust Taxpayer Identifi cation Number (Required)
Use the Trust Tax ID number provided on the Schwab One Trust Account Application.
Trust Tax
ID Number
2. Required Information About the Account
Purpose of Account (Please select all that apply.)
General/Personal Expenses
Payment of Trust Expenses
Educational Expenses
Distribution of Trust Assets
Payment of Trustee Compensation
Large Asset Purchase (Home, Car, etc.)
Other (specify): _______________________________________
Anticipated Activity
On average, how many times per month do you anticipate making deposits, withdrawals, and/or transfers? (Please select only one.)
Less than 15 times per month
15 to 30 times per month
31 to 45 times per month
More than 45 times per month
3. High Yield Investor Checking Trust Features
Schwab Bank Bill Pay
This online electronic bill payment feature is provided unless you check the box below. The feature is provided at no additional charge and will be
activated after you fund your account.
Do NOT add electronic bill payment.
Overdraft Protection
This feature automatically transfers funds from your linked Schwab One Trust account, up to your Authorization Limit, including Available Margin Loan
Value, to your High Yield Investor Checking Trust account in order to provide you with coverage against insuffi cient funds.* To discontinue this feature,
please contact a Schwab representative after your account is open.
*Overdraft protection using margin sources may create a margin loan in your brokerage account that may be subject to daily interest charges, margin
calls, or potential liquidation of securities. Refer to your Schwab Bank Deposit Agreement and your Schwab One Account Agreement for details.
FOR CHARLES SCHWAB USE ONLY:
High Yield Investor Checking
Trust Account Number
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Schwab Bank High Yield Investor Checking
®
Trust Account Application
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5. Schwab Bank High Yield Investor Checking® Trust Account Application Agreement
These terms relate to your account and are part of the Schwab Bank Deposit Account Agreement between each account holder and Charles Schwab Bank
(“the Bank”). This agreement is between the Bank and the account holder (the Trust listed on this application) for a High Yield Investor Checking Trust
account, as agreed to by the Trustee(s). “I,” “me,” and “my” refer to each Trustee. I:
(1) certify that I am of the age of majority in
the state in which I live, that I am legally
authorized to enter into this agreement,
and that the personal information provided
in this application, and during the account
application process, is true and correct;
(2) acknowledge that the Bank will provide me
with the following documents, the terms
and conditions of which are hereby
incorporated by reference, before account
opening or before a service is provided:
(a) the Schwab Bank Deposit Account
Agreement, which contains an arbitration
provision, and the Terms and Conditions
for the Schwab Bank Bill Pay service; (b)
Schwab’s Facts: What Does The Charles
Schwab Corporation Do With Your Personal
Information? (or any successor publication);
(c) Important Privacy Choice for Consumers,
for California residents only; (d) the Schwab
Bank Deposit Account Pricing Guide; and (e)
the Regulation E—Electronic Funds Transfer
Disclosure that is included as part of the
Schwab One Trust Account Application; I
acknowledge that Schwab Bank advises
me to read all documents and disclosures
Schwab Bank provides me prior to opening
or using my account;
(3) acknowledge that if the application is
approved, each Trustee will receive a Visa
Platinum Debit Card once the account is
opened and the Visa Debit Card Agreement,
which contains the terms and conditions
that apply to this card;
(4) acknowledge that, unless I specifi cally stated
otherwise, I will be enrolled in the Schwab
Bank Bill Pay service;
(5) acknowledge that this High Yield Investor
Checking Trust account is linked with a
Schwab One Trust account maintained at
Charles Schwab & Co., Inc., a registered
broker-dealer, and I authorize Charles
Schwab & Co., Inc. to follow the instructions
set forth in this application, if applicable;
(6) authorize the Bank to initiate a one-time
debit entry (or credit entry in case of error)
to the institution and account specifi ed by
the attached voided check or savings
account deposit slip, electronically or by
other commercially accepted method, to
initially fund the High Yield Investor Checking
Trust account; I certify that the information
provided on the voided check or savings
account deposit slip is correct and that I am
authorized to transfer funds from the
specifi ed account;
(7) authorize the Bank 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 and other information
at account opening, at any time throughout
the life of the account, and thereafter, for
debt collection or investigative purposes,
of all Trustees and of the Trust itself; Schwab
Bank does not consider your marital status
when processing your application;
(8) certify that the information provided in this
application is true and complete and that
the Bank is authorized to open and maintain
the High Yield Investor Checking Trust
account on behalf of the Trust identifi ed in
this application (the “Trust”) in accordance
with the account agreements applicable to
the High Yield Investor Checking Trust
account, including, without limitation, the
authority to accept, hold, and deliver assets
belonging to the Trust, as well as to accept
orders and other instructions relating to the
Trust from the Trustees;
(9) represent, warrant, and certify that the Trust
expressly grants me the power to perform
various functions in association with the
High Yield Investor Checking Trust account,
including, but not limited to, (a) opening
bank accounts, (b) writing checks and
otherwise withdrawing or transferring funds
out of the account, (c) viewing bank account
information, and (d) any other activity
authorized by the Trust and the bank
account agreements;
(10) represent, warrant, and certify that either
(a) the Trust expressly authorizes that each
Trustee, if more than one, is authorized to
act individually, independently, and without
the consent of the other Trustees; or (b) the
Trustees have consented to each Trustee
acting individually, independently, and
without the consent of the other Trustees
with respect to the High Yield Investor
Checking Trust account and that such
delegation of authority is expressly
authorized by the Trust and applicable law;
I agree that any notice sent to one Trustee
will constitute notice to all Trustees;
(11) acknowledge that the Bank, in its sole
discretion and for its sole protection, may
require the written consent of any or all
Trustees prior to acting upon the
instructions of any Trustee;
4. Fund Your High Yield Investor Checking Trust Account (Please select one.)
Schwab Bank Bill Pay will be activated, and checks will be sent, after you fund your High Yield Investor Checking Trust account. A Visa®Platinum Debit
Card will be sent upon account opening.
Make a one-time electronic funds transfer (“ACH Transfer”) of $__________________ (maximum $100,000) from your checking or savings account at
another fi nancial institution. The names of the owners of the account at the other fi nancial institution must be the same as those on your High Yield
Investor Checking Trust account. Be sure to attach an original, preprinted, voided check with your name and address displayed on the check or a
preprinted savings account deposit slip if you select this option.
Make a one-time transfer of $__________________ from your linked Schwab One® Trust account. We recommend selecting this option only if you have
chosen to fund your Schwab One Trust account via check or money order, due to the additional time required to complete the transfer process.
Deposit funds using the Schwab Mobile application. Download the Schwab Mobile app and apply for Schwab Mobile Deposit
TM
. (You must be
approved for this service.)
Make a check or money order payable to the name of the Trust, and mail it to Charles Schwab Bank, P.O. Box 982600, El Paso, TX 79998-2600 or
Charles Schwab Bank, P.O. Box 628291, Orlando, FL 32862-8291.
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5. Schwab Bank High Yield Investor Checking® Trust Account Application Agreement (Continued)
I certify, under penalty of perjury, that (1) the number shown on this application is the correct Taxpayer Identi cation Number for this Trust account;
(2) the Trust is not subject to backup withholding because (a) the Trust is exempt from backup withholding, or (b) the Trust is not subject to backup
withholding due to a failure to report interest and dividend income; (3) the Trust is a U.S. person (a domestic trust as de ned in federal regulations
section 301.7701-7); and (4) the Trust is exempt from Foreign Account Tax Compliance Act (FATCA) reporting. I understand that if I have been noti ed
by the IRS that the Trust is 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 certi cation required to avoid
backup withholding.
Signature(s) and Date(s) Required
X
Trustee Signature Print Name Date (mm/dd/yyyy)
X
Trustee Signature Print Name Date (mm/dd/yyyy)
ALL TRUSTEES MUST SIGN AND DATE BELOW IN BLUE OR BLACK INK ONLY.
By signing below, I agree to the terms listed on this agreement.
(12) represent, warrant, and certify that neither
I nor the Trust impose any obligation upon
the Bank for determining the purpose or
suitability (a) of any instructions received
from any Trustee or (b) of payments or
deliveries to or among Trustees;
(13) represent, warrant, and certify that there are
no other currently acting Trustee(s) of the
Trust other than those signing this agree-
ment; should only one person execute this
agreement, it is a representation that the
signer is the sole current acting Trustee; I
further represent, warrant, and certify that
the Trust has not been revoked, modifi ed, or
amended in any manner which would cause
the representations contained in this
agreement to be incorrect;
(14) agree to notify the Bank immediately in
writing of any change that would cause any
representation contained in this agreement
to become incorrect or incomplete;
(15) agree, jointly and severally, in both personal
and representative capacities, to indemnify
the Bank and its affi liates, offi cers,
directors, employees, and agents from, and
hold such persons harmless against, any
claims, judgments, surcharges, settlements,
or other liabilities or costs of defense or
settlement (including investigative and
attorneys’ fees) arising out of or related to
any act, or omission to act, by the Trustee(s)
with respect to the High Yield Investor
Checking Trust account;
(16) acknowledge and agree that the represen-
tations included in the Trustee Certifi cation
that is included as part of the Schwab One®
Trust Account Application are made to
both Charles Schwab & Co., Inc. and
Schwab Bank;
(17) acknowledge that the representations
and obligations stated in this application
and agreement will survive the termination
of the High Yield Investor Checking
Trust account;
(18) represent, warrant, and certify that all
Trustees and benefi ciaries are individuals
and not organizations, corporations, or
other non-individual entities; and
(19) understand if no activity occurs in the
account within the time period specifi ed
by applicable state law, the account may
be transferred to the appropriate state.
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(1) certify that I am of the age of majority in
the state in which I live, that I am legally
authorized to enter into this agreement,
and that the personal information provided
in this application, and during the account
application process, is true and correct;
(2) acknowledge that the Bank will provide me
with the following documents, the terms
and conditions of which are hereby
incorporated by reference, before account
opening or before a service is provided:
(a) the Schwab Bank Deposit Account
Agreement, which contains an arbitration
provision, and the Terms and Conditions
for the Schwab Bank Bill Pay service; (b)
Schwab’s Facts: What Does The Charles
Schwab Corporation Do With Your Personal
Information? (or any successor publication);
(c) Important Privacy Choice for Consumers,
for California residents only; (d) the Schwab
Bank Deposit Account Pricing Guide; and (e)
the Regulation E—Electronic Funds Transfer
Disclosure that is included as part of the
Schwab One® Trust Account Application; I
acknowledge that Schwab Bank advises
me to read all documents and disclosures
Schwab Bank provides me prior to opening
or using my account;
(3) acknowledge that if the application is
approved, each Trustee will receive a Visa®
Platinum Debit Card once the account is
opened and the Visa Debit Card Agreement,
which contains the terms and conditions
that apply to this card;
(4) acknowledge that, unless I specifi cally stated
otherwise, I will be enrolled in the Schwab
Bank Bill Pay service;
(5) acknowledge that this High Yield Investor
Checking Trust account is linked with a
Schwab One Trust account maintained at
Charles Schwab & Co., Inc., a registered
broker-dealer, and I authorize Charles
Schwab & Co., Inc. to follow the instructions
set forth in this application, if applicable;
(6) authorize the Bank to initiate a one-time
debit entry (or credit entry in case of error)
to the institution and account specifi ed by
the attached voided check or savings
account deposit slip, electronically or by
other commercially accepted method, to
initially fund the High Yield Investor Checking
Trust account; I certify that the information
provided on the voided check or savings
account deposit slip is correct and that I am
authorized to transfer funds from the
specifi ed account;
(7) authorize the Bank 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 and other information
at account opening, at any time throughout
the life of the account, and thereafter, for
debt collection or investigative purposes,
of all Trustees and of the Trust itself; Schwab
Bank does not consider your marital status
when processing your application;
(8) certify that the information provided in this
application is true and complete and that
the Bank is authorized to open and maintain
the High Yield Investor Checking Trust
account on behalf of the Trust identifi ed in
this application (the “Trust”) in accordance
with the account agreements applicable to
the High Yield Investor Checking Trust
account, including, without limitation, the
authority to accept, hold, and deliver assets
belonging to the Trust, as well as to accept
orders and other instructions relating to the
Trust from the Trustees;
(9) represent, warrant, and certify that the Trust
expressly grants me the power to perform
various functions in association with the
High Yield Investor Checking Trust account,
including, but not limited to, (a) opening
bank accounts, (b) writing checks and
otherwise withdrawing or transferring funds
out of the account, (c) viewing bank account
information, and (d) any other activity
authorized by the Trust and the bank
account agreements;
(10) represent, warrant, and certify that either
(a) the Trust expressly authorizes that each
Trustee, if more than one, is authorized to
act individually, independently, and without
the consent of the other Trustees; or (b) the
Trustees have consented to each Trustee
acting individually, independently, and
without the consent of the other Trustees
with respect to the High Yield Investor
Checking Trust account and that such
delegation of authority is expressly
authorized by the Trust and applicable law;
I agree that any notice sent to one Trustee
will constitute notice to all Trustees;
(11) acknowledge that the Bank, in its sole
discretion and for its sole protection, may
require the written consent of any or all
Trustees prior to acting upon the instruc-
tions of any Trustee;
(12) represent, warrant, and certify that neither
I nor the Trust impose any obligation upon
the Bank for determining the purpose or
suitability (a) of any instructions received
from any Trustee or (b) of payments or
deliveries to or among Trustees;
(13) represent, warrant, and certify that there are
no other currently acting Trustee(s) of the
Trust other than those signing this agree-
ment; should only one person execute this
agreement, it is a representation that the
signer is the sole current acting Trustee; I
further represent, warrant, and certify that
the Trust has not been revoked, modifi ed, or
amended in any manner which would cause
the representations contained in this
agreement to be incorrect;
(14) agree to notify the Bank immediately in
writing of any change that would cause any
representation contained in this agreement
to become incorrect or incomplete;
(15) agree, jointly and severally, in both personal
and representative capacities, to indemnify
the Bank and its affi liates, offi cers,
directors, employees, and agents from, and
hold such persons harmless against, any
claims, judgments, surcharges, settlements,
or other liabilities or costs of defense or
settlement (including investigative and
attorneys’ fees) arising out of or related to
any act, or omission to act, by the Trustee(s)
with respect to the High Yield Investor
Checking Trust account;
(16) acknowledge and agree that the represen-
tations included in the Trustee Certifi ca-
tion that is included as part of the Schwab
One Trust Account Application are made to
both Charles Schwab & Co., Inc. and
Schwab Bank;
(17) acknowledge that the representations
and obligations stated in this application
and agreement will survive the termination
of the High Yield Investor Checking
Trust account;
(18) represent, warrant, and certify that all
Trustees and benefi ciaries are individuals
and not organizations, corporations, or
other non-individual entities; and
(19) understand if no activity occurs in the
account within the time period specifi ed
by applicable state law, the account may
be transferred to the appropriate state.
These terms relate to your account and are part of the Schwab Bank Deposit Account Agreement between each account
holder and Charles Schwab Bank (“the Bank”). Please read and retain for your les.
This agreement is between the Bank and the account holder (the Trust listed on this application) for a High Yield Investor Checking Trust account, as
agreed to by the Trustee(s). “I,” “me,” and “my” refer to each Trustee. I:
00195447
Schwab Bank High Yield Investor Checking
®
Trust Account Application Agreement
ST
COM31873-20
Item #
REG55434-05.indd
Job #
Page #
CC0012354
1 of 1
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CONTENT
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©2015 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. / Charles Schwab Bank. Member FDIC. Equal Housing Lender. CC0012354 (0515-3677) REG55434-05 (05/15)
Regulation E—Electronic Funds
Transfer Disclosure
This disclosure applies to your account if you elected to fund your Schwab One
®
account using Schwab MoneyLink
®
electronic funds transfer, or if
you elected to fund your Schwab Bank High Yield Investor Checking
®
account using either a one-time electronic funds transfer from your checking
or savings account at another fi nancial institution or a one-time transfer from your Schwab One brokerage account. 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” mean both Charles Schwab & Co., Inc. (“Schwab”) and Charles Schwab
Bank (“Schwab Bank”).
Business Days. Schwab’s business days , applicable to your Schwab One
brokerage account, are Monday through Friday, excluding U.S. stock
exchange holidays and U.S. banking holidays.
Schwab Bank’s business days, applicable to your High Yield Investor
Checking account, are Monday through Friday, excluding Federal Reserve
Bank 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:
For your Schwab One brokerage account:
Call: 1-800-421-4488
Write: Charles Schwab & Co., Inc.
Attn: IS Document Control
P.O. Box 982600
El Paso, TX 79998
For your Schwab Bank High Yield Investor Checking account:
Call: 1-888-403-9000
Write: Charles Schwab Bank
P.O. Box 982605
El Paso, TX 79998
Telephoning immediately is the best way of minimizing your possible losses.
Losses could include the money in your account plus, in the case of
your Schwab Bank High Yield Investor Checking account, any advances
or transfers from an overdraft source linked to your account. If unauthorized
activity occurs, you agree to cooperate during the investigation and to
complete any report or affi davit 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
affi liates 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, for your Schwab One brokerage account, 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.
Schwab Bank will send you a monthly statement for your Schwab Bank
High Yield Investor Checking account unless there is no account activity
other than the posting of interest. We will send you a statement at least
quarterly, even if there is no activity in your account.
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.
• In the case of your Schwab Bank High Yield Investor Checking
account, the transfer would exceed the funds available under your
overdraft protection option, if any.
• 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 fi re or fl ood) 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:
For your Schwab One brokerage account:
Call: 1-800-421-4488
Write: Charles Schwab & Co., Inc.
Attn: IS Document Control
P.O. Box 982600
El Paso, TX 79998
For your Schwab Bank High Yield Investor Checking account:
Call: 1-888-403-9000
Write: Charles Schwab Bank
P.O. Box 982605
El Paso, TX 79998
Fax: 1-877-524-3067
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.
00142720
ST
COM31873-20
©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. CC0969705 (0414-2124) REG95795-00 (02/17)
Margin Disclosure Statement
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 fi les.
• 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 fi ts 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 may 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 defi ciencies, 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 defi ciency, 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 defi ciency; however, market conditions may
require the fi rm 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 specifi c date by which you
can meet a margin call, the fi rm can still take necessary steps to protect
its fi nancial 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 may 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 may 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 may
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 fi nancial 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 may 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 qualifi ed dividend may
also receive a supplemental credit from Schwab. This will be identifi ed
on customer statements as a “Schwab substitute income credit.”
However, when Schwab can identify that a dividend is nonqualifi ed,
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 specifi c 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 diff