Video intro plays
Narrator: Schwab gives traders the option of applying for margin access, which allows you to borrow against the securities you already hold in your brokerage account. To get started, select Profile, then Margin and Options.
Profile, then Margin and Options is selected.
Narrator: Select the account that you would like to add margin access to.
An account is selected.
Narrator: If the selected account has margin access, you will see a notification that you have already applied. To apply for margin, select Add margin access.
Add margin access is selected.
Narrator: Then, carefully review the consent form and disclosures, and select the checkboxes to acknowledge them.
Disclosures appear and checkboxes to acknowledge them are selected.
Narrator: When ready, select Submit.
Submit is selected.
Narrator: If the account is not eligible for electronic submission, you will be directed to a printable form. If this is the case, open the PDF file and select the print icon to download or print the form. Sign and date the form with a wet signature.
Printable form appears. The print icon is selected.
Narrator: You can return the form to Schwab via mail, fax, or the online message center. If margin access is approved on your account, trading or borrowing with margin funds is generally enabled within one business day.
Video outro plays.