On account statements and trade confirmations, Schwab calculates the quantity, unit price, and market price out to four decimal places if necessary. Your Agreement—By using Schwab's Electronic Services, you agree to comply with the terms and conditions of this Agreement. If we decide that there was no error, we will send you a written explanation. At the conclusion of the hearing, the arbitrators will decide how to assess the costs of the arbitration among the parties. You will be deemed to have directed, instructed, and authorized us to take such action (or to not take such action, as applicable) if you fail to provide us with written communication to the contrary within the time period set forth in our notice to you. We can charge fees for sending a wire transfer. Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and wholly owned subsidiaries of The Charles Schwab … By signing an arbitration agreement, the parties agree as follows: No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: 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. Fund fees. For example, many people in their advancing years may demonstrate declining cognitive ability. We may 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. The maximum amount we currently may loan for common stock (equity) securities is 50% of the value of marginable securities purchased in your Margin and Short Account; different requirements apply to non-equity securities, such as bonds or options. If there are significant changes to the net worth, income level or employment status you listed on the Account Application. Multiple leg options strategies will involve multiple per-contract fees. Deposit accounts at an affiliated bank held in your Account are not eligible for SIPC insurance. Upon request, Schwab will provide you a verbal update to determine the status of your outstanding distribution checks. If I do not receive or understand the agreement governing the account into which my Schwab Account is converted, I will notify Schwab. There may be lower liquidity in extended hours trading as compared to regular trading hours. The daily interest charges are calculated by multiplying your "daily adjusted debit balance" by the "daily margin interest rate." to the Identified Cost Method with the FIFO Lot Selection Method. Get Automated Investing with Professional If your interest rate increases for any reason other than a change in the Base Rate, we will give you written notice at least 30 days prior to that change. ET on the prior trading day, but will not be eligible for execution until the session officially opens at 7:00 a.m. The Federal Reserve Board and various stock exchanges determine margin loan rules and regulations. If you wish to combine communications for additional eligible accounts that are not automatically combined, please contact Schwab. If you do authorize us to take action on your behalf, regular service transaction fees will apply. If a mutual fund exercises its right to redeem your shares "in kind" by delivering to Schwab portfolio securities in payment for your shares instead of cash, Schwab will hold these securities in your account, subject to your instructions. You acknowledge your responsibility for any check given to your advisor for deposit into your Account. Funds, Benefits and Considerations of Mutual Funds, Real Estate Investment Trusts In addition to adding diversity to your portfolio, ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors. Automated investing, professional advice, You may obtain a copy of the applicable Pricing Guide or fee schedule by calling 1-800-435-4000, or if your Account is managed by an independent investment advisor, please contact your advisor directly, or call Schwab Alliance at 1-800-515-2157. 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. Any prior demand, call or notice will not be considered a waiver of our right to sell or buy without demand, call or notice. If you fail to notify us in writing within 10 calendar days after we send or make available to you the first notice or statement on which the problem or error appears, you agree that the transfer information set forth on the statement or notice will be deemed correct, and that you will be precluded, to the greatest extent permitted by law, from asserting any claim against Schwab in connection with, and waive any right to recover any losses resulting from, any unauthorized or erroneous transfer. You may contact the FINRA public hotline at 1-800-289-9999 or on the Internet at www.finra.org. Notwithstanding the foregoing, with respect to any retirement plan brokerage custodial account (including a Company Retirement Account [CRA] or Personal Choice Retirement Account® [PCRA]) subject to the terms of this Agreement, you as the plan's Trustee or other applicable plan fiduciary or agent, further acknowledge and agree that Schwab has no responsibility for determining whether any transaction or investment would constitute a prohibited transaction, generate unrelated business taxable income, or constitute a listed transaction or reportable transaction, as any of those foregoing terms are defined in the Internal Revenue Code and regulations thereunder, or to inform you of the consequences and/or reporting requirements with respect to such transactions. You agree that neither Schwab, the Information Providers nor the Information Transmitters shall be liable in any way for the accuracy, completeness, timeliness or correct sequencing of the Information, or for any decision made or action taken by you relying upon the Information. A TCP is not authorized to make investment decisions or withdraw funds from your account. With Direct Retail Banking – Charles Schwab Bank Interest charges will accrue to your account each day. In addition, you agree to notify us promptly in writing of any important change in the information you supply us on the Account Application. Designating one or more TCPs is solely your decision and is optional. A Free Credit Balance of one dollar ($1) or more in your Account on any Business Day will be swept into one or more affiliated banks or Schwab® Sweep Money Fund, as applicable, after the close of business on that Business Day and generally will not begin earning interest or dividends until the following Business Day. This includes disclosing information about your account to address possible financial exploitation, confirming the specifics of your current contact information, your mental and physical health status, 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 industry regulations or state law. The publicly-traded company was founded in 1973 and … Accounts managed by an advisor will not be assigned to an IBL. Schwab does not have any obligation to advance redemption proceeds and distributions related to mutual fund shares to your account before we have received them from the mutual fund. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (Member SIPC), offers investment services and products, including Schwab brokerage accounts. You agree that any such Schwab recommendation will remain in effect only for as long as we tell you that it will remain in effect at the time we make the recommendation. Options can provide more-flexible strategies than stocks. You acknowledge that Schwab shall have no responsibility for monitoring the Non-Publicly Traded Security to assure compliance with its terms or disclosures, for taking any actions to collect on any amount owed to you, or for otherwise enforcing your rights with respect to the Non-Publicly Traded Security held in your Account. You agree to pay or receive the prevailing market price at the time your market order was executed, even if the execution market price is significantly higher or lower than you anticipated at the time you placed the order. Schwab is not liable to you for any losses, lost opportunities or increased commissions that may result from you being unable to place orders for these stocks through the Electronic Services. We/Us/Our/Schwab—Charles Schwab & Co., Inc. You/Your/Account Holder—Each person who signs the Account Application. If your deposit accounts or Schwab® Sweep Money Fund, as applicable, accrue interest or dividends, resulting from the investment of money represented by a check or other item that is later returned unpaid, we will debit your Account for the amount of the interest or dividends. Get reviews, hours, directions, coupons and more for Charles Schwab. We will charge interest on a daily basis on the credit we extend to you. Options trades will be subject to the standard $.65 per-contract fee. Schwab's Cash Features Program is the service described in the Cash Features Disclosure Statement that we provide to automatically invest, or "sweep," the Free Credit Balance in your Account into a liquid investment or to earn interest from Schwab on the Free Credit Balance in your Account. Schwab has no responsibility for your advisor's handling of checks, including but not limited to (i) the security or safekeeping of checks, (ii) your advisor's creation of electronic images of checks, (iii) the forwarding or transmission of checks or check images to us, and (iv) any ambiguity, inaccuracy or omission in any check-related information provided to us. For FINRA arbitrations, FINRA will appoint a single public arbitrator in customer cases decided by one arbitrator. Different requirements apply to non-equity securities. Clearly Erroneous Policy: Schwab may be subject to the Electronic Market's "clearly erroneous policies." A voluntary corporate action will require a decision from you on whether and how you want to participate. This can happen for various reasons. Liquidity refers to the ability of market participants to buy and sell securities. In no event will we be liable for any special, indirect, or consequential damages (even if we have been informed of the possibility of such damages), including, without limitation, loss of profits or revenue, except as may be required by applicable law. Schwab may link other accounts upon your request if account holders are in the same family, there is a dependent relationship, or in certain other similar instances at Schwab's discretion. In addition, you agree to pay any debit remaining in your account if your positions are liquidated to satisfy a margin call. The Electronic Services are accessible via computer, telephonic or wireless transmissions for use on compatible personal, home or small-business computers, including Internet appliances with modems, terminals and network computers, as well as various wireless devices. Margin calls require prompt delivery according to our instructions of either additional funds or acceptable securities. 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). It is the obligation of fiduciaries to notify Schwab of accounts that should not be linked. For instance, if you do not make good delivery of your securities when making a sale, or if you do not tender the total purchase price when making a purchase, we may take appropriate steps to complete, cancel or liquidate the transaction. It is your responsibility to verify with us whether your order will receive the price next calculated by the fund prior to placing your order with Schwab. Schwab will process the corporate action for your account consistent with your election regardless of whether your distribution is paid directly from the issuer or indirectly by the borrowing counterparty. You may ask for copies of the documents that we used in our investigation. You further acknowledge that, unless notified in writing by confirmation or similar document, Schwab has not acted and will not act as broker or dealer in any purchase or sale of Non-Publicly Traded Securities held in your Account. If the net amount of any dividend, interest or other payment set to be automatically disbursed to you by check is less than $100, it will remain as a credit balance in the Account and will not be automatically sent to you. Please call Schwab or visit our website for our current margin requirements. Schwab will not be liable for any losses, lost profits or other damages that allegedly result from delays in or a failure to issue a trade status report. In the event of financial hardship, the arbitration forum may waive certain costs in accordance with such rules. ET. You agree to indemnify us against, hold us harmless from, and defend us against any losses, claims, costs, expenses, damages, or liabilities (including, but not limited to, attorneys' fees) arising out of or resulting from any action taken or omitted by us in accordance with this Agreement or your instructions. The minimum deposit may consist of check, money order, Electronic Fund Transfer and/or marginable securities. You may not combine funds from eligible cash distributions with any funds you deposit into your Account to make automatic reinvestment purchases. (See Limitations of Liability, Section 5.). Equity securities selling for $5 or less and odd lots usually may not be sold short. Longer hold periods may apply to checks drawn on a foreign institution. The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. In the event third-party data sources provide valuation of your Non-Publicly Traded Security to Schwab, Schwab may display the value provided by a third party or a value derived from the third-party data on your statement. Because restricted/control securities transactions require special handling by both Schwab and third parties, processing your transaction may require several weeks, during which time the price of your securities may fluctuate. And all with no trade minimums or platform fees (other account fees, fund expenses, and brokerage commissions may apply; see our Pricing guide for details). For more complete information about a Schwab® Sweep Money Fund, including charges and expenses, read the fund's prospectus carefully. Charles Schwab & Co., Inc. Neither we nor the market data providers will be liable for interruptions in the availability of market data or your access to market data. Charles Schwab … Backup withholding may be mandatory in certain circumstances. Visit jdpower.com/awards. This is the case regardless of whether you reside or transact business with Schwab in California or elsewhere, except that the section entitled "Arbitration" shall be governed by the Federal Arbitration Act. This may result in the loss of one or more Business Days' interest or dividends. 3. Schwab is under no obligation to take any action should there be a default, bankruptcy, or other impairment associated with a Non-Publicly Traded Security. Dividend reinvestment does not assure profits on your investments and does not protect against loss in declining markets. You further represent and warrant that you are not employed by, acting as agent of or partially owned or controlled by a government, a government-controlled entity or a government corporation except as you have indicated on your Account Application with Schwab. Other account fees, fund expenses, and brokerage commissions may apply. Although IBLs are not employees of Schwab, they are registered representatives of Schwab and subject to Schwab policies and procedures. We may take this action either on a regular settlement, cash or next-day settlement basis. We compound the interest as described in our Disclosure of Credit Terms and Policies. When your enrollment is activated, you agree to be bound by this Schwab StockBuilder Plan® Agreement as well as any other agreements between you and us that apply to your account. If your equity falls below the applicable maintenance requirement, we may (but are not obligated to) notify you, by mail, telegram, telephone, or electronic or other means, of a margin call for an amount sufficient to bring your account up to the equity level we require. You understand that none of the Information (including Research Reports) available through Schwab's Electronic Services constitutes a recommendation for you or your Account, or solicitation that you should purchase or sell any particular security. Schwab has no responsibility under any circumstance for any such determination unless we otherwise agree with you in writing or unless Schwab gives advice directly to you that is clearly identified as a Schwab recommendation for you to enter into a particular transaction or transactions, or to buy or sell a particular security or securities.