Fillable Schwab Bank High Yield Investor Savings Account Application (Charles Schwab)

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Schwab Bank High Yield Investor Savings Account Application (Charles Schwab)

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©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
Schwab Bank High Yield Investor Savings
®
Account Application
Page 1 of 9
Schwab.com
1-888-403-9000
Use this form to open or update an existing Schwab Bank High Yield Investor Savings (“High Yield Investor Savings”)
account. Complete as appropriate, sign, date, and return all nine pages. If you are interested in designating a Power of
Attorney, please contact us for the appropriate form.
• To complete this application, sign and date in Section 7.
Select your instruction(s) by checking box A or box(es) in B:
A.
Open a new High Yield Investor Savings account. (Complete all sections.)
B. Update your existing High Yield Investor Savings account. (Enter your account number.)
Existing High Yield Investor Savings Account Number
Add additional account holder. (Complete Sections 1, 2, 3, and 7.)
Update your existing account holder information. (Complete Sections 2 and 7, and in Section 2, enter only the
information you are updating.)
1 Account Type
Please select only one.
Individual
Joint Tenants—If one owner dies, his/her interest passes to the surviving owner(s).
Tenants in Common—If one owner dies, his/her interest passes to his/her estate.
Community Property—For married couples in AZ, CA, ID, LA, NM, NV, TX, WA and WI only. Laws vary by state.
2 Account Holder Information
All account holders must be either U.S. citizens or U.S. resident aliens, and must also reside in the U.S. or one of its
territories and provide a U.S. mailing address.
If you have more than two account holders, please photocopy this page, fill in information for each account holder and
attach to your application.
Account Holder
As required by federal law,
Schwab Bank will use the
information provided to verify
your identity.
Name Title, First Middle Name Last Name, Suffix
Social Security/Tax ID Number Date of Birth mm/dd/yyyy Are you known by another name? Please specify.
Regulations require that
you provide us with your
legal address.
Home/Legal Street Address No P.O. Boxes City State Zip Code
Include mailing address if
different from your
home/legal address.
Mailing Address if different from above; P.O. boxes may be used City State Zip Code
Home Phone
Mobile Phone Work Phone Extension
By providing your email address, you are consenting to receive email from Schwab Bank. Please call 1-888-403-9000 for
information about opting out of certain email communications.
Email Address Mother's Maiden Name
CLEAR
PRINT
Schwab Bank High Yield Investor Savings
®
Account Application
Page 2 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
Country(ies) of Citizenship Please list all.
USA Other(s)
Country of Citizenship 1 Country of Citizenship 2, if applicable
Country of Legal Residence Please select only one box.
USA Other
Other Country of Legal Residence
ID Type and Number Please select only one box and provide the relevant information below.
Driver's License State Military
ID Number Place of Issuance Issue Date mm/dd/yyyy
Expiration Date mm/dd/yyyy
Securities industry regulations require that we collect this information.
Employment Information
Please select only one box.
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
Occupation
If you selected “Employed” or
“Self-Employed,” please
select one option that best
describes your occupation.
Business Owner/Self-Employed Executive/Senior Management
Medical Professional Legal Professional
Accounting Professional Financial Services/Banking Professional
Information Technology Professional Other Professional
U.S. Government Employee (Federal/State/Local) Foreign Government Employee (Non-U.S.)
Military Educator
Clerical/Administrative Services Trade/Service Career (Labor/Manufacturing/Production)
Sales/Marketing Consultant
Other Please Specify:
Trusted Contact Designation
A Trusted Contact Person (“Trusted Contact”)* is a resource Schwab, and your advisor (if you have one), may contact on
your behalf, if necessary, to attempt to address concerns regarding potential financial exploitation, or in communicating
with you regarding issues related to your account(s). A Trusted Contact will not be able to view your account information,
execute transactions in your account(s), or inquire about account activity, unless that person has that authority through
another role on the account(s), such as a trustee or power of attorney. Providing Schwab with Trusted Contact
information is voluntary. We encourage you to provide two Trusted Contacts in the event that one is not reachable in the
future.
• Schwab suggests that your Trusted Contact(s) be someone other than your financial consultant or investment advisor.
• You may name up to two Trusted Contacts.
• The person(s) you name as Trusted Contact(s) will be the Trusted Contact(s) on all of your Schwab accounts, as
provided for in your account agreement.
• For multiple-party accounts, each party can name separate Trusted Contacts.
• The Trusted Contact(s) must be at least 18 years old.
Schwab Bank High Yield Investor Savings
®
Account Application
Page 3 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
Trusted Contact Information
Trusted Contact information provided on this form will replace all Trusted Contact information currently on file.
Person 1
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
Person 2
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
* If you provide a Trusted Contact Person(s) to Schwab, you understand that you have authorized Schwab and your
advisor (if you have one) to contact the Trusted Contact Person(s) at their discretion and to disclose information about
your account to address possible activities that might indicate financial exploitation of you; to confirm the specifics of
your current contact information, health status (including physical or mental capacity), or the identity of any legal
guardian, executor, trustee, or holder of a power of attorney on your account(s); or as otherwise permitted by FINRA
rules or state law. For more information, please see your Schwab Account Agreement, which is available at
schwab.com/accountagreement.
Additional Account Holder
As required by federal law,
Schwab Bank will use the
information provided to verify
your identity.
Name Title, First Middle Name Last Name, Suffix
Social Security/Tax ID Number Date of Birth mm/dd/yyyy Are you known by another name? Please specify.
Regulations require that
you provide us with your
legal address.
Home/Legal Street Address No P.O. Boxes City State Zip Code
Schwab Bank High Yield Investor Savings
®
Account Application
Page 4 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
Include mailing address if
different from your
home/legal address.
Mailing Address if different from above; P.O. boxes may be used City State Zip Code
Home Phone
Mobile Phone Work Phone Extension
By providing your email address, you are consenting to receive email from Schwab Bank. Please call 1-888-403-9000 for
information about opting out of certain email communications.
Email Address Mother's Maiden Name
Country(ies) of Citizenship Please list all.
USA Other(s)
Country of Citizenship 1 Country of Citizenship 2, if applicable
Country of Legal Residence Please select only one box.
USA Other
Other Country of Legal Residence
ID Type and Number Please select only one box and provide the relevant information below.
Driver's License State Military
ID Number Place of Issuance Issue Date mm/dd/yyyy
Expiration Date mm/dd/yyyy
Securities industry regulations require that we collect this information.
Employment Information
Please select only one box.
Employed Self-Employed Retired Homemaker Student Not Employed
Employer Name/Business Name
Occupation
If you selected “Employed” or
“Self-Employed,” please
select one option that best
describes your occupation.
Business Owner/Self-Employed Executive/Senior Management
Medical Professional Legal Professional
Accounting Professional Financial Services/Banking Professional
Information Technology Professional Other Professional
U.S. Government Employee (Federal/State/Local) Foreign Government Employee (Non-U.S.)
Military Educator
Clerical/Administrative Services Trade/Service Career (Labor/Manufacturing/Production)
Sales/Marketing Consultant
Other Please Specify:
Schwab Bank High Yield Investor Savings
®
Account Application
Page 5 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
Trusted Contact Designation
A Trusted Contact Person (“Trusted Contact”)* is a resource Schwab, and your advisor (if you have one), may contact on
your behalf, if necessary, to attempt to address concerns regarding potential financial exploitation, or in communicating
with you regarding issues related to your account(s). A Trusted Contact will not be able to view your account information,
execute transactions in your account(s), or inquire about account activity, unless that person has that authority through
another role on the account(s), such as a trustee or power of attorney. Providing Schwab with Trusted Contact
information is voluntary. We encourage you to provide two Trusted Contacts in the event that one is not reachable in the
future.
• Schwab suggests that your Trusted Contact(s) be someone other than your financial consultant or investment advisor.
• You may name up to two Trusted Contacts.
• The person(s) you name as Trusted Contact(s) will be the Trusted Contact(s) on all of your Schwab accounts, as
provided for in your account agreement.
• For multiple-party accounts, each party can name separate Trusted Contacts.
• The Trusted Contact(s) must be at least 18 years old.
Trusted Contact Information
Trusted Contact information provided on this form will replace all Trusted Contact information currently on file.
Person 1
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
Person 2
If you have no changes to your
existing Trusted Contact,
please skip this section.
Name Title, First Middle Name Last Name, Suffix
Relationship
Please select only one.
Spouse Partner Child Parent Sibling Friend Other
Please provide at least one
method of contact for each
Trusted Contact listed.
Mailing Address No P.O. Boxes City
State or Province Country Postal or Zip Code
Home Phone Mobile Phone Email Address
* If you provide a Trusted Contact Person(s) to Schwab, you understand that you have authorized Schwab and your
advisor (if you have one) to contact the Trusted Contact Person(s) at their discretion and to disclose information about
your account to address possible activities that might indicate financial exploitation of you; to confirm the specifics of
your current contact information, health status (including physical or mental capacity), or the identity of any legal
guardian, executor, trustee, or holder of a power of attorney on your account(s); or as otherwise permitted by FINRA
rules or state law. For more information, please see your Schwab Account Agreement, which is available at
schwab.com/accountagreement.
Schwab Bank High Yield Investor Savings
®
Account Application
Page 6 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
3 Required Information About the Account
Source of Funds
Please select all boxes
that apply.
In this section, we’re collecting information about the categories (“sources”) of assets that will be held in your account.
Please select all of the sources of the assets that will be deposited or held in your account, including the original sources
of any assets that will be transferred into the account from another firm.
Salary/Wages/Savings Investment Capital Gains
Social Security Benefits Gifts
Sale of Property or Business Gambling/Lottery
Family/Relatives/Inheritance Other Please Specify:
Anticipated Activity
Please select only one. On average, how many times per month do you anticipate making deposits, withdrawals, and/or transfers?
Less than 6 times per month 6 to 10 times per month More than 10 times per month
4 Visa
®
Platinum Debit Card
If you have a Schwab Bank High Yield Investor Checking
®
(“High Yield Investor Checking”) account, you can use your
existing Visa Platinum Debit Card to access cash in your new account.
If you do NOT have a High Yield Investor Checking account and you want to have a Visa Platinum Debit Card issued to
each account holder, check this box.
5 Fund Your Account and Enroll in Electronic Funds Transfer Service
Select your initial funding option from A, B, C, D or E. In addition, you can enroll in our Schwab Bank Electronic Funds
Transfer Service to activate your account for future transfers by checking box D.
A. Transfer funds from your Schwab Bank High Yield Investor Checking
®
account.
To initially fund your account with a one-time withdrawal from your High Yield Investor Checking account, enter the
amount here
$
and provide your account number.
High Yield Investor Checking Account Number
B. Make a one-time transfer from your Schwab brokerage account.
You may initially fund your account with a one-time withdrawal from your non-retirement or non-custodial Schwab
brokerage account. For this type of funding, you will need to wait to receive your account opening letter with your
new savings account number. Then, log into your account on www.schwab.com
(Note: Clients without a Schwab
Brokerage relationship may utilize www.schwabbank.com to access their account) and go to the Transfers &
Payments tab. Click on “Online Transfers” and complete the fields on this page.
Note: Not all types of brokerage accounts are eligible for online transfers into your savings account. Your eligible accounts will
appear in the drop-down menu in your Online Transfers page on www.schwab.com.
C. Deposit funds using the Schwab Mobile application.
Download the Schwab Mobile app and apply for Schwab Mobile Deposit
™
. Once approved, you can deposit
checks using your iPhone
®
, iPad
®
, or Android
™
-powered device.
The Schwab Mobile application and Schwab Mobile Deposit service is available for Schwab Bank High Yield Investor Savings
®
clients who also have a Schwab brokerage account. Requires a wireless signal or mobile connection. Access to Electronic Services
may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other
reasons. Functionality may vary by operating system and/or device. Mobile carrier data charges may apply.
Enrollment in Schwab Mobile Deposit service is not guaranteed and standard hold policies apply.
iPhone and iPad are trademarks of Apple Inc., registered in the U.S. and other countries. Android is a trademark of Google Inc. Use
of this trademark is subject to Google Permissions.
Schwab Bank High Yield Investor Savings
®
Account Application
Page 7 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
D. Transfer funds from your account at another financial institution using the Schwab Bank Electronic Funds
Transfer Service.
To initially fund your account with a withdrawal from an account at another financial institution, enter the amount
here
$
(maximum amount is $100,000), and complete and sign the Other Financial Institution
ACH Authorization section below.
You will be enrolled in the Schwab Bank Electronic Funds Transfer Service so that, in the future, you can transfer
funds by phone between your High Yield Investor Savings account and your account at another financial institution.
Other Financial Institution ACH Authorization
Funds originating from an ACH transfer from your account at another financial institution will be available no later
than the fourth Business Day after the day of your deposit.
ABA Transit Routing Number Account Number
Account Type
Personal Checking Account Personal Savings Account
Account Owner Additional Account Owner
Attach an original, preprinted, voided or cancelled check here (required).
Originals only; no photocopies or starter checks.
Name must be
preprinted and
unaltered.
ABA Transit Routing Number
Account Number
I authorize Charles Schwab Bank (“Schwab Bank”) to: (i) initiate credit entries to my account indicated above (the “Other
Account”) and to credit that account, (ii) initiate debit entries to the Other Account and to debit that account, and (iii)
initiate reversals to the Other Account of erroneous or duplicate credit or debit entries and to credit or debit such
account as appropriate. This authorization will remain in full force and effect until Schwab Bank receives written or verbal
(by calling 1-888-403-9000) notification from me (or any of us) of its termination. If you notify us verbally, we may request
confirmation in writing. Schwab Bank must receive this notification in a time and manner so as to give Schwab Bank and
the Other Financial Institution a reasonable opportunity to act on it.
You must be an owner of the account at the U.S. Bank/Other Financial Institution, and all registered owners on the
account at the U.S. Bank/Other Financial Institution must sign and date below in blue or black ink only.
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
Other Financial Institution Account Holder Signature
Schwab Bank High Yield Investor Savings
®
Account Application
Page 8 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
Today’s Date mm/dd/yyyy
Print Name
E. Submit a check or money order.
To initially fund your account by check or money order, make a check or money order payable to yourself, and
mail it to Charles Schwab Bank, P.O. Box 982605, El Paso, TX 79998-2605 or Charles Schwab Bank, P.O. Box
628291, Orlando, FL 32862-8291.
6 Terms to Transfer Funds
Terms relating to the Schwab Bank High Yield Investor Savings
®
account: I authorize Charles Schwab & Co., Inc.
(“Schwab”) to: (i) initiate credit entries to my High Yield Investor Savings account and to credit that account, (ii) initiate
debit entries to the High Yield Investor Savings account and to debit that account, and (iii) initiate reversals to the High
Yield Investor Savings account of erroneous or duplicate credit or debit entries and to credit or debit such account as
appropriate. This authorization will remain in full force and effect until Schwab receives written or verbal (by calling
1-800-435-4000) notification from me (or any of us) of its termination. If you notify us verbally, we may request
confirmation in writing. Schwab must receive this notification in a time and manner so as to give Schwab and Schwab
Bank a reasonable opportunity to act on it.
Schwab Bank Electronic Funds Transfer
Terms for Schwab Bank account holders: By signing this account application and completing the Schwab Bank Electronic
Funds Transfer enrollment, I am enrolling in the Schwab Bank Electronic Funds Transfer Service (the “Service”). Attached
to this application are the Schwab Bank Electronic Funds Transfer Terms and Conditions for the Service. The Terms and
Conditions will govern all transactions initiated under the Service, and my use of such Service will confirm that I have
received, reviewed, and agreed to be bound by the Terms and Conditions (including, without limit, any amendments) until
I cancel the Service as described in the Terms and Conditions.
7 Account Application Agreement
This agreement is between Charles Schwab Bank (the “Bank”) and each account holder for the account requested in this
application. The terms “I,” “me” and “my” refer to each account holder. By signing this agreement, 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 on this document and during the account application process is
true and correct;
2. acknowledge that I have received and read a copy of the attached Application Agreement and Regulation E—Electronic
Funds Transfer Disclosure;
3. acknowledge that the Bank will provide me with the following documents before account opening or before a service is
provided: (a) the Schwab Bank Deposit Account Agreement, which contains an arbitration provision; (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, if applicable; and (d) the Schwab Bank Deposit Account Pricing Guide;
4. acknowledge that if this application is approved and the account is funded, each account holder will receive, if
requested, a Visa
®
Platinum Debit Card providing access to available funds at Automated Teller Machines (ATMs) and
for use at merchants that accept Visa cards, and that the Visa Debit Card Agreement, which is sent with the card,
contains the terms and conditions which apply to this card;
5. agree to be subject to the terms and conditions of the Schwab Bank Deposit Account Agreement and all other
documents associated with this savings account upon account opening, and acknowledge that the Bank advises me to
read all the disclosure documents prior to opening or using this account;
6. authorize the Bank to open and fund the savings account, as specified on this application, and to inquire from any
source, including a consumer reporting agency, as to my identity (as required by federal law), creditworthiness and
ongoing eligibility for the account at account opening, at any time throughout the life of the account, and thereafter for
debt collection or investigative purposes.
7. understand if no activity occurs in the account within the time period specified by applicable state law, the account
may be transferred to the appropriate state.
We respect your privacy. Schwab Bank may use the information you provide during the application process to open and
service your account(s), communicate with you, and provide information about products and services. Read about
Schwab’s privacy policy at www.schwab.com/privacy. As required by federal law, Schwab Bank will use the information
provided to verify your identity.
Other Financial Institution Account Holder Signature
Schwab Bank High Yield Investor Savings
®
Account Application
Page 9 of 9
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
I certify, under penalty of perjury, that (1) the number shown on this application is my correct taxpayer
identification number; (2) I am not subject to backup withholding because (a) I am exempt from backup
withholding, or (b) I am not subject to backup withholding due to a failure to report interest and dividend income;
(3) I am a U.S. person (a U.S. citizen or U.S. resident alien); and (4) I am exempt from FATCA reporting. I
understand that if I have been notified by the IRS that I am subject to backup withholding as a result of dividend or
interest underreporting and I have not received a notice from the IRS advising me that backup withholding is
terminated, I must cross out item 2 above.
The Internal Revenue Service does not require your consent to any provision of this document other than the
certifications required to avoid backup withholding.
Please Note: Schwab Bank will initiate an inquiry with a Consumer Reporting Agency (e.g., “credit check”) in order to
evaluate your High Yield Investor Savings application.
Signature(s) and Date(s) Required
Today’s Date mm/dd/yyyy
signer1_DocuSignFullName
Print Name
signer1_SignHere signer1_DateSigned
Today’s Date mm/dd/yyyy
Print Name
8 Return Instructions
• Upload online with secure messaging (if you are an existing client and have online access to your account).
1. Go to Schwab.com and log in to your account.
2. Click Message Center (under Service), and then click Upload Document.
• Fax to 1-888-526-7252.
• Bring to your nearest Schwab branch (visit Schwab.com/branch for locations).
• Mail to any of the following addresses:
Regular Mail (West)
Charles Schwab & Co., Inc.
P.O. Box 982605
El Paso, TX 79998-2605
Regular Mail (East)
Charles Schwab & Co., Inc.
P.O. Box 628291
Orlando, FL 32862-8291
Overnight Mail (East)
Charles Schwab & Co., Inc.
1958 Summit Park Dr., Ste. 200
Orlando, FL 32810
Overnight Mail (West)
Charles Schwab & Co., Inc.
1945 Northwestern Drive
El Paso, TX 79912
Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value
Charles Schwab & Co., Inc. (“Schwab”) and Charles Schwab Bank (“Schwab Bank”) are separate but affiliated companies
and subsidiaries of The Charles Schwab Corporation. Brokerage products are offered by Charles Schwab & Co., Inc.,
Member SIPC. Deposit and lending products and services are offered by Charles Schwab Bank, Member FDIC and an
Equal Housing Lender.
All account holders must sign
using blue or black ink.
Account Holder Signature
Additional Account Holder Signature
PRINT
This page is intentionally blank.
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC2443254 (0219-8N4J) APP44939-15 (09/19)
Schwab Bank High Yield Investor Savings
®
Account
Application Agreement and Regulation E—Electronic
Funds Transfer Disclosure
Page 1 of 4
Client Copy - These terms relate to your account(s) and are part of the Account Agreement between each account
holder and Schwab Bank. Please read and retain for your files.
This agreement is between Charles Schwab
Bank (the “Bank”) and each account holder for
the account(s) requested in this application.
The terms “I,” “me” and “my” refer to each
account holder. By signing this agreement, 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 on
this document and during the account
application process is true and correct;
2. acknowledge that I have received and read a
copy of the attached Application Agreement
and Regulation E—Electronic Funds Transfer
Disclosure;
3. acknowledge that the Bank will provide me
with the following documents before account
opening or before a service is provided: (a)
the Schwab Bank Deposit Account
Agreement, which contains an arbitration
provision; (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, if applicable; and (d)
the Schwab Bank Deposit Account Pricing
Guide;
4. acknowledge that if this application is
approved and the account is funded, each
account holder will receive, if requested, a
Visa
®
Platinum Debit Card providing access
to available funds at Automated Teller
Machines (ATMs) and for use at merchants
that accept Visa cards, and that the Visa
Debit Card Agreement, which is sent with the
card, contains the terms and conditions
which apply to this card;
5. agree to be subject to the terms and
conditions of the Schwab Bank Deposit
Account Agreement and all other documents
associated with this savings account upon
account opening, and acknowledge that the
Bank advises me to read all the disclosure
documents prior to opening or using this
account;
6. authorize the Bank to open and fund the
savings account, as specified on this
application, and to inquire from any source,
including a consumer reporting agency, as to
my identity (as required by federal law),
creditworthiness and ongoing eligibility for
the account at account opening, at any time
throughout the life of the account, and
thereafter for debt collection or investigative
purposes.
7. understand if no activity occurs in the
account within the time period specified by
applicable state law, the account may be
transferred to the appropriate state.
Regulation E—Electronic Funds Transfer
Disclosure
Definition of Business Day
Business Days 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 your user
identification or password (access codes) has
been lost or stolen, or if an unauthorized
person has learned your access codes or has
transferred or may transfer money from your
account without your permission. You can
notify us by calling or writing Customer Service:
Charles Schwab Bank, P.O. Box 982605, El
Paso, TX 79998-2605. Call toll-free:
1-888-403-9000. Telephoning immediately is
the best way of minimizing your possible
losses. For accounts with more than one
authorized signer, we may accept this report
from any authorized signer.
If you tell us within two business days after you
learn of the loss or theft, you can lose no more
than $50 if someone used your access codes
without your permission or for an unauthorized
Electronic Funds Transfer. However, you could
lose as much as $500 if:
• You don’t tell us within two business days
after you learn of the loss or theft of your
access codes; and
• We can demonstrate that we could have
stopped someone from using your access
codes without your permission if you had told
us.
Losses could include the money in your
account plus 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 affidavit we may
request. Also, if your statement shows
Electronic Funds 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 recover 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.
When you give someone your access codes,
you are authorizing that person to access your
account, and you are responsible for all
transactions that person performs with your
access codes. These transactions are
authorized transactions. Transactions are
considered unauthorized only after you notify
us that the person is no longer authorized.
Transactions that you, or someone acting with
you, initiate with fraudulent intent are also
authorized transactions.
Disclosure of Account Information
We may disclose your name and/or information
about your account or your transactions to our
agents and affiliates in order to facilitate your
transfer requests. We may also disclose such
information to third parties in certain
circumstances, which may include: (a) to
banks, and other entities that are involved with
the products or services we offer or arrange on
behalf of customers; (b) when it’s requested by
a third party to complete a transaction; (c) to
verify the existence or condition of your
account for a credit bureau or merchant; (d) to
comply with a subpoena, court order or request
from a government agency or law enforcement
authority; (e) to evaluate your creditworthiness
or our ability to collect any debt you owe us; or
(f) if you give us your permission.
Periodic Statements
We will send you a monthly account statement
unless there is no account activity other than
the posting of interest. You will get 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.
Stopping a Specific Transfer
If you have told us in advance to make
transfers out of your Schwab Bank account(s),
you can stop any of these payments. Call us
toll-free, Monday through Friday, by 5:30 p.m.
Eastern time, at 1-888-403-9000. Alternatively,
you may write to us at Charles Schwab Bank,
P.O. Box 982605, El Paso, TX 79998-2605. We
must receive your request at least three
business days before the payment is scheduled
to be made. If you call, we may also require
that you put your request in writing to us within
14 days after the call. We will not charge you
for such stop requests. If these regular
payments vary in amount, the person or
organization that you are going to pay is
required to tell you, 10 days before each
payment, when it will be made, and how much
it will be. If you order us to stop one of these
payments at least three business days before
the transfer is scheduled, and we do not do so,
we will be liable for your actual, reasonable
losses or damages.
Our Liability for Failure to Complete
Transactions
If we do not complete an Electronic Funds
Transfer to or from your account on time or in
the correct amount according to our agreement
Schwab Bank High Yield Investor Savings
®
Account Application Agreement and Regulation E—Electronic Funds Transfer Disclosure - Client Copy
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with you, we are liable for your losses or
damages. There are some situations in which
we are not liable. We are not liable, for
instance, if:
• Through no fault of ours, you do not have
enough money in your account to complete
the transaction.
• The transaction amount would exceed the
funds available under your overdraft
protection option, if any.
• Circumstances beyond our control (such as
fire or flood) prevent the transfer, despite
reasonable precautions that we have taken.
• The system was not working properly, and you
knew about it when you started the
transaction.
• Another institution provides incorrect
Electronic Funds Transfer instructions to us.
• Any Automated Clearing House network or
other third-party communication system from
which we require information to complete
transactions was not working properly.
• Your account is restricted (because of a court
order or similar reason), and we are not
permitted to make the transaction.
• An error in posting an amount or transaction
occurs that is beyond our control.
• An account becomes dormant, in which case
we may eliminate Schwab Bank Visa
®
Debit
Card access to that account.
• Your Access Code has been revoked due to
inactivity or at our discretion.
There may be other exceptions permitted by
law.
Error Resolution Procedure
In case of any errors or questions about
Electronic Funds Transfers, please contact
Customer Service as soon as you can, if you
think your statement or receipt is wrong or if
you need more information about a transfer
listed on the statement or receipt.
Write to:
Charles Schwab Bank
P.O. Box 982605
El Paso, TX 79998-2605
Fax to: 1-877-524-3067
Call toll-free: 1-888-403-9000
We must hear from you no later than 60
calendar days after the date we sent the first
statement on which the problem or error
appeared. If you tell us orally, we may require
you to send us your complaint or question in
writing within 10 Business Days. We’ll need the
following information:
• Your name and account number,
• A description of the error or transaction you’re
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 transaction or
suspected error.
We will tell you the results of our investigation
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 you
are a new Schwab Bank client and the error or
question concerns an Electronic Funds Transfer
that occurred within 30 days after the first
deposit to an account was made, we will tell
you the results of our investigation within 20
Business Days after we hear from you. If we
need more time, we may take up to 90 days to
investigate. In addition, we may take up to 90
days to investigate if the error or question
relates to an Electronic Funds Transfer that
was initiated outside of the United States or
resulted from a Point-of-Sale Debit transaction.
If we decide we need the additional time to
investigate your complaint or question, we will
provisionally credit your account within 10
Business Days (or 20 Business Days for errors
or questions relating to transactions that
occurred within 30 days after the first deposit
to your account was made) 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 provisionally credit your account. 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.
Schwab Bank Electronic Funds Transfer
Terms and Conditions
The Schwab Bank Electronic Funds Transfer
Terms and Conditions (“Terms and Conditions”)
will govern all transactions initiated under the
Schwab Bank Electronic Funds Transfer
Service (the “Service”), and your use of such
Service will confirm that you have received,
reviewed, and agreed to be bound by the Terms
and Conditions, including, without limit, any
amendments, until you cancel the Service as
described in the Terms and Conditions. Please
read them carefully and retain them for future
reference. Other electronic funds transfer
services, such as Direct Deposit and transfers
between Charles Schwab Bank (“Schwab
Bank”) deposit accounts and Charles Schwab &
Co., Inc. (“Schwab Brokerage”) brokerage
accounts, are governed by your other Schwab
Bank and Schwab Brokerage agreements, but
may be mentioned here for reference and
clarification purposes. You agree that if there is
a conflict between these Terms and Conditions
and your Schwab Bank Deposit Account
Agreement (“DAA”) that the terms of the DAA
will govern.
Electronic funds transfers associated with your
Schwab Bank Visa Debit Card are governed by
the Schwab Bank Visa Debit Card Agreement
and your DAA.
The Terms and Conditions contained within this
document apply only to electronic funds
transfers to or from consumer accounts,
established primarily for personal, family, or
household purposes. Transfers to or from
accounts for corporations, LLCs, partnerships,
or other corporate entities are not permitted.
1. Definitions
Available Funds: Available Funds is the portion
of your preceding day’s ending balance, plus
the current day’s credits, minus the current
day’s debits, that is available for immediate
withdrawal. Funds in your account are not
available if we determine that they are subject
to a hold, dispute, or legal process that
prevents their withdrawal.
Business Day: Business Days 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.
Electronic Services: Electronic Services are
Schwab Bank’s computer, telephone, facsimile,
email or wireless services or systems.
2. Schwab Bank Electronic Funds Transfer
Service
When using the Service, transfers of funds
between your Schwab Bank account and an
account at a bank or other financial institution
not affiliated with Schwab Bank (the “Other
Account”) are provided using the Automated
Clearing House (“ACH”) system. You may
authorize transfers to occur: (1) the next
Business Day; or (2) on a scheduled basis,
which includes (a) on-request transfers—one-
time or future-dated transfers, (b) recurring
transfers, or (c) any combination thereof. The
Service is available by calling Schwab Bank at
1-888-403-9000. The Service is available only
between Schwab Bank and financial
institutions within the United States.
3. Automated Clearing House (ACH)
Authorization
You authorize Schwab Bank to facilitate ACH
transactions, which may include permitting
Schwab Bank to: (i) initiate credit entries to the
Other Account per your written instructions and
to credit that account, (ii) initiate debit entries
to the Other Account and to debit that account,
and (iii) initiate reversals to the Other Account
of erroneous or duplicate credit or debit entries
and to credit or debit such account as
appropriate. This authorization will remain in
full force and effect until Schwab Bank has
received written notification from you of its
termination. Schwab Bank must receive this
notification in a time and manner so as to give
Schwab Bank and the other financial institution
a reasonable opportunity to act on it.
4. Service Setup and First Funds Transfer
To set up and test your transaction instructions
through the Service, it may take up to two
weeks from the day Schwab Bank receives your
signed enrollment form before your first funds
transfer can occur. We will notify you when the
Service has been established on your
account(s).
Schwab Bank High Yield Investor Savings
®
Account Application Agreement and Regulation E—Electronic Funds Transfer Disclosure - Client Copy
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©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
5. Minimum and Maximum Transfer Amounts
We impose limits on the amount(s) you can
transfer through the service each business day.
We may modify these limits from time to time
at our discretion, and if we permit you to
exceed the limits, we may cease doing so at
any time without notice or cause.
6. On-Request Transfers
You may request transfers into or out of your
Schwab Bank account to take place on the next
Business Day. For transfer dates which fall on a
weekend or holiday, your transfer will be
completed the next Business Day. Please
contact us at least one Business Day prior to
your transfer date. Transfer instructions
received and acknowledged by 5:30 p.m.
Eastern time will result in the movement of
funds to your Other Account on the next
Business Day. For example, if you provide
instructions to us by 5:30 p.m. Eastern time on
Monday, your funds will be transferred to your
Other Account on Tuesday. Transfer
instructions received or acknowledged after
5:30 p.m. Eastern time may require two
Business Days to complete. You will need to
check with the other financial institution
regarding funds availability in your Other
Account.
7. Scheduled Transfers
You can establish Scheduled Transfers, which
are: (1) on-request transfers—one-time or
future-dated transfers; and (2) recurring
transfers. For transfer dates that fall on a
weekend or holiday, your transfer will be
completed the next Business Day.
8. Availability of Funds for the Transfer
Please see your DAA under the “Originating
Transfers” section. In addition, please be
advised that if you have an overdraft protection
source (i.e., a linked Schwab Brokerage
account, a linked Schwab Bank account, or an
Overdraft Credit Line), Schwab Bank will not
consider any overdraft source funds or
available credit when determining whether you
have sufficient Available Funds to conduct the
requested transfer. If you do not have sufficient
funds in your account, we may refuse to
complete the transaction. We are under no
obligation to notify you if we do not complete a
transfer because there are insufficient funds in
your Schwab Bank account to process the
transaction. For transfers from your Other
Account into your Schwab Bank account, you
may wish to contact that institution to verify its
requirements for funds availability for these
types of transactions.
9. How Transfers Are Processed and Recorded
To/from Schwab Bank and/or Schwab
Brokerage accounts:
Please see your DAA under the “Real-Time
Funds Transfer and Provisional Credit” and the
“Originating Transfers” sections.
To/from Your Other Account:
Please see your DAA under the “Originating
Transfers” section.
10. Availability of Funds in Your Schwab Bank
Account After a Schwab Bank Transfer From
Your Other Account
Funds originating from an ACH transfer from
your Other Account will be available no later
than the fourth Business Day after the day of
your deposit. Schwab Bank is not responsible
for delays in funds availability caused by the
other financial institution.
11. Requesting Changes to Your Existing
Schwab Bank Electronic Funds Transfer
Instructions
You may request changes, including changes to
the frequency of your transfers, your transfer
date, the dollar amount, and the start date of
the Service. At our option, we may also allow
you to enroll other Schwab Bank accounts you
own for transfers to or from the Other Account.
If you request and we accept such additional
enrollments, transfers initiated to or from your
other Schwab Bank accounts will be subject to
these Terms and Conditions. You may make
these changes by contacting us. Written
authorization may be required for all changes
regarding your Other Account, and the direction
of your transfer (either into or out of your
Schwab Bank account[s]). Most change
requests must be received by 5:30 p.m. Eastern
time at least two Business Days prior to the
transfer date to effect the changes prior to the
transfer. Any changes to the information about
the Other Account (such as the account
number, transit routing number, etc.) must be
received by 5:30 p.m. Eastern time 10 Business
Days prior to the transfer date to allow for
validation of the new information.
12. Confirmation of Transfers
We will send you a monthly account statement
unless there is no account activity other than
the posting of interest. You will get a statement
at least quarterly even if there is no activity in
your account. All Schwab Bank transactions
will appear on your applicable Schwab Bank
account statement(s) and may appear on the
Schwab.com website if you have a Schwab
Bank High Yield Investor Savings
®
account or
Schwab Bank High Yield Investor Checking
®
account. You may also confirm a Schwab Bank
transfer by calling us at 1-888-403-9000.
From outside the U.S., please call collect at
1-317-596-4502.
13. Canceling the Service
You may cancel the Service, as permitted,
through an Electronic Service or by simply
calling us at 1-888-403-9000. From outside the
U.S., please call collect at 1-317-596-4502.
When using an Electronic Service,
cancellations may be limited to only regularly
scheduled transfers. To process your request,
we must receive and acknowledge your
cancellation notice by 5:30 p.m. Eastern time at
least two Business Days prior to any scheduled
transactions. Schwab Bank reserves the right
to cancel the Service, at its election, for any
reason, without advance notice.
14. Stopping a Specific Transfer
If you have told us in advance to make On-
Request or Scheduled Transfers out of your
Schwab Bank account(s), you can stop any of
these payments. Call us toll-free, Monday
through Friday, by 5:30 p.m. Eastern time, at
1-888-403-9000. Alternatively, you may write
to us at Charles Schwab Bank, P.O. Box
982605, El Paso, TX 79998-2605. We must
receive your request at least three Business
Days before the payment is scheduled to be
made. If you call, we may also require that you
put your request in writing to us within 14 days
after the call. We will not charge you for such
stop requests. If these regular payments vary in
amount, the person or organization that you are
going to pay is required to tell you, 10 days
before each payment, when it will be made,
and how much it will be. If you order us to stop
one of these payments at least three Business
Days before the transfer is scheduled, and we
do not do so, we will be liable for your actual,
reasonable losses or damages.
15. Transfers to Third-Party Accounts
You may authorize transfers from your Schwab
Bank account to a third-party account, where
you are not an account holder, at another
financial institution. You agree to indemnify
Schwab Bank against any loss or damage
incurred by Schwab Bank resulting from a
transfer of funds between the two accounts.
Communications between Schwab Bank and
the account holders of any third-party account
are limited to cancellation of the Schwab Bank
Service with that third-party account. A third
party may make no other requests for changes
to the authorization that you have provided to
us. The Schwab Bank Service is not intended
for bill payment and we may refuse to facilitate
certain transfer requests. Please call a Schwab
Bank representative for details.
16. Statement of Schwab Bank’s Position on
Waivers
No course of dealing, nor any failure or delay in
Schwab Bank’s exercise of any right under
these Terms and Conditions or any right
available by law or in equity, shall be deemed a
waiver of such right. No waiver or consent in
any instance by us shall be deemed a waiver or
consent by us in any later instance.
17. Joint Accounts
If there is more than one account holder, each
account holder is jointly and severally liable for
obligations and transactions resulting from the
Service. As stated in your Account Agreement
with Schwab Bank, each joint account holder
has authority, acting individually and without
notice to any other account holder, to deal with
us as fully and completely as if the account
holder is the sole account holder. We are
authorized to follow the instructions of any joint
account holder and to transfer funds in such
accounts to any joint account holder or upon
any account holder’s instructions. We are not
responsible for determining the purpose or
propriety of an instruction we receive from any
account holder or for the disposition of
Schwab Bank High Yield Investor Savings
®
Account Application Agreement and Regulation E—Electronic Funds Transfer Disclosure - Client Copy
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©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
payments or deliveries among joint account
holders. We reserve the right to require written
instructions from all account holders, at our
sole discretion. We reserve the right, but are
not obligated, to place restrictions on an
account in the event we receive notice of a
dispute among, or conflicting instructions from,
joint account holders.
Any notice we send or transmit to one account
holder will be notice to all account holders.
18. Changes in Account Ownership
These Terms and Conditions will remain in
effect until you cancel the Service, even if there
is a change in the ownership status of your
Schwab Bank account or your Other Account.
19. Other Agreements
Your use of the Service is also governed by
other agreements that you have consented to
as a Schwab Bank customer. (For example,
your DAA contains an arbitration section.)
These agreements may be obtained by
contacting Schwab Bank. You should review
those agreements for any applicable fees,
restrictions, or obligations that might affect
your use of an account with the Service.
20. Construction
The term “you” means the Schwab Bank
customer(s) contracting for the Service and
anyone authorized under the applicable DAA
(such as a joint account holder or authorized
agent) to instruct Schwab Bank with respect to
transactions in the account.
21. Amendments
We may add, delete, or amend terms or
services at any time, including fees and
charges for the Service. We will notify you of
such changes by mail, by email, by posting a
notice of a change online, or by any other
means permitted by law. Use of the Service
after the effective date of the change will
constitute your acceptance of such
amendment.
22. Use of Electronic Services
Schwab Bank may, from time to time, make
certain features and transaction abilities
available through any of Schwab Bank’s
computer, telephone, facsimile, email or
wireless services or systems. You agree that
use of the Service through Schwab Bank
Electronic Services is also subject to the
Electronic Services Agreement to which you
agree when you first access your accounts via
Schwab.com and which is incorporated by
reference into these Terms and Conditions
and/or the applicable sections of your DAA
including, but not limited to, the “Electronic
Banking Services” and “Money Transfer
Services” sections. Specifically, you agree to
be bound by any instruction, request,
affirmation, assent, or agreement you transmit
through the Electronic Services, including, but
not limited to, any consent you give to receive
communications from us solely through
electronic transmission. Schwab Bank reserves
the right to terminate or limit your access to, or
features of, the Service (or any portion of it)
through its Electronic Services (or any portion
of them) in its sole discretion, without notice
and without limitation, for any reason
whatsoever. If you access the Service via an
Electronic Service, you must provide us with an
email address for receipt of notices regarding
the Service. You agree we may provide you any
written notice mentioned in these Terms and
Conditions via the email address you have
provided us. If your email address changes or
becomes disabled for any reason at any time,
you agree to notify us immediately.
This page is intentionally blank.
©2019 Charles Schwab Bank. All rights reserved. Member FDIC. Equal Housing Lender. CC3371482 (0219-8N4J) APP44939-15 (09/19)
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