Amendments to the Following Account Agreements

October 2026

Schwab One® Account Agreement
Schwab Account Agreement
Schwab IRA and ESA Account Agreement
Individual 401(k) Account Agreement
Schwab Retirement Plan Brokerage Account Agreement
Schwab 403(b)(7) Account Agreement
Schwab Global Account™ Agreement

October 1, 2026

Account Agreement Amendments

Dear Investor,

This document highlights certain changes to the following Account Agreements: Schwab One® Account (“Schwab One”), Schwab Account (“Schwab Account”), Schwab Individual Retirement Account and Education Savings Account (“Schwab IRA and ESA Account”), Schwab 403(b)(7) Account (“Schwab 403(b)(7)”), Schwab Retirement Plan Brokerage Account (“Schwab RPB”), Schwab Individual 401(k) Account (“Schwab Individual 401(k)”), and Schwab Global Account™ (“Schwab Global”).

These amendments, which include both changes and clarifications of existing language, apply to individual investor accounts and accounts managed by independent investment advisors, unless otherwise noted. Effective immediately, these amendments and clarifications replace and supersede all previously published portions of the Account Agreements to which they apply. In the event of any inconsistency or conflict between the terms of these amendments and clarifications and the terms of your existing Account Agreement(s), the terms set forth in this document govern.

Please review this document carefully.

If you have questions about the information contained in this document or about any of our products and services, call Schwab at 1-800-435-4000. If your account(s) is managed by an independent investment advisor, please contact your advisor directly or call Schwab Alliance at 1-800-515-2157. International clients call +1-415-667-8400.

For a current copy of your Account Agreement, please visit Schwab.com. If your account is managed by an independent investment advisor, visit
schwaballiance.com. International clients visit international.schwab.com. U.K. or Swiss clients, visit schwab.co.uk.

Fractional Shares (Schwab One, Section 32, Page 45; Schwab Account, Section 27, page 23; Schwab IRA and ESA Account, Section 32, Page 16; Schwab Individual 401(k), Section 22, Page 12; and Schwab RPB, Section 22, Page 13).
Language has been updated to remove the $1.00 minimum purchase and the $0.01 minimum sell order requirement.
Schwab One International® Account Agreement (Schwab One, Page 78)
Language has been updated to add Paragraph Numbers 7 through 9, which address account initiation and transactions; local legal compliance; and rejection of local laws, jurisdiction and forums.
Margin and Short Account Agreement (Schwab One, Page 61; Schwab Account, Page 43)
Language has been updated to remove the prior Day Trading Requirements section. The language has further been updated to add a new Long-Short Strategies section. The new Long-Short Strategies section outlines requirements to keep the ratio of long and short positions in accounts using Long-Short Strategies within required ranges.
Order Routing and Execution (Schwab One, Section 39, Page 51; Schwab Account, Section 33, page 28; Schwab IRA and ESA Account, Section 27, Page 14; Schwab Individual 401(k), Section 27, Page 14; Schwab RPB, Section 27, Page 14; Schwab 403(b)(7), Section 27, page 23; and the SGA, Section 36, Page 34)
Language has been updated to add language permitting Schwab to restrict or limit participation in Schwab’s price improvement program under certain circumstances.
Effective October 28, 2026
Trading or Disbursement Restrictions (Schwab One, Section 48, Page 56; Schwab Account, Section 46, page 38; Schwab IRA and ESA Account, Section 39, Page 18; Schwab Individual 401(k), Section 36, Page 16; Schwab RPB, Section 36, Page 17; Schwab 403(b)(7), Section 37, page 29; and the SGA, Section 42, Page 36)
Language has been updated to allow Schwab to place withdrawal restrictions on an account under certain listed circumstances.

Independent investment advisors are not owned by, affiliated with, or supervised by Charles Schwab & Co., Inc. (“Schwab”). Certain investment advisors, such as Charles Schwab Investment Management, Inc. (“CSIM”) and Schwab Wealth Advisory, Inc. (“SWAI”), are affiliated with Schwab.

Charles Schwab & Co., Inc., Charles Schwab Bank, SSB, and Charles Schwab Premier Bank, SSB are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., Member SIPC. Deposit and lending products and services are offered by Charles Schwab Bank, SSB, Member FDIC and an Equal Housing Lender. Cryptocurrency products and services are offered by Charles Schwab Premier Bank, SSB, Member FDIC.