Narrator: Want to see the available buying power in one or more of your accounts?
Screen fades to Schwab home page
Narrator: To begin, an account should have margin enabled in order to see available buying power. From the Summary screen, tap an account to get started. Select Balances.
Individual Brokerage account is selected
Narrator: Next, tap Margin Details & Buying Power to view a summary of your account buying power.
Margin Details & Buying Power is tapped
Narrator: Buying power is the amount of money you can use to trade marginable securities using cash. Keep in mind, your account must be a margin eligible non-retirement account to qualify, and use of these funds can result in margin interest or a margin call.
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Understanding buying power is an important aspect of a margin account. See how much buying power is available to you in just a few clicks using the Schwab Mobile App.