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Pledged Asset Line

Pledged Asset Line®

Pledged Asset Line® A flexible
for investors
Ready to open a PAL

Seize your next opportunity
without liquidating your investments.

Schwab Bank's Pledged Asset Line (PAL) is a flexible borrowing solution that can help you leverage the value of your investments through a revolving line of credit. Depending on your eligible investment assets, this allows you to increase your borrowing power while remaining invested and working toward your financial goals.1 Retirement assets are not eligible to use for Pledged Asset Line.

Call 888-725-3630

Mon.–Fri., 8:30 a.m.–8 p.m. ET

Or visit your local branch to find out more.

Request information on PAL >

Contact me


Thank you for requesting information about Schwab Bank’s Pledged Asset Line. We will contact you within 24 to 48 hours by phone or email to follow up on your request.

I’d like to know more about the Charles Schwab Bank Pledged Asset Line. Please contact me so I can see if PAL could be the right lending solution for my needs.

Why would you like to open a PAL?* (Check all that apply.)

Are you a Schwab client?*

PAL benefits

  • Stay invested
    by using your eligible assets as collateral
    instead of liquidating.
  • Get competitive rates
    and pay no application
    or setup fees. Other account fees, fund expenses and brokerage commissions may apply
  • Experience a quick lending decision and application process.
  • Enjoy timely access
    to funds for a period
    of five years.

Money when you need it

Whether you would like to renovate your existing property, invest in real estate, or expand your business, PAL gives you immediate, flexible, non-purpose financing to do so.2

Money when you need it

How PAL works:

  1. 1. Discuss your borrowing need with a Schwab Bank specialist, and see if PAL can be the right solution.
  2. 2. Together with a Schwab Bank specialist, you review how PAL can help in more detail.
  3. 3. Your application is facilitated over the phone with a PAL application specialist who will be your single point of contact through the application process.
  4. 4. Access your PAL, through wire requests or through checks provided when the line is opened.

Line amounts range from $100,000 to $20,000,000 and above.

Investment assets such as these are eligible
to use as collateral:

  • Marginable equity securities valued at or above $3 per share at the time of funding and closing
  • Certificates of deposit (CDs) and cash
  • Many corporate, Treasury, municipal, and government agency bonds
  • Most mutual funds and exchange-traded funds (ETFs)

Pledged asset lending involves a high degree of risk. If the value of your collateral account falls, your credit line may be lowered and you may have to deposit more cash or securities to meet a maintenance call. In addition, your pledged securities could be sold without your consent, which may result in tax consequences.

Ready to
open a PAL?

Call 888-725-3630

Mon.–Fri., 8:30a.m.–8 p.m. ET Or visit your local branch.
Ready to open a PAL