Amendments to the Following Account Agreements

April 2026

Schwab One® Account
Schwab Account
Schwab IRA and ESA Account
Schwab Retirement Plan Brokerage Account
Schwab Individual 401(k) Account

April 1, 2026

Account Agreement Amendments

Dear Investor,

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

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 your Schwab representative 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® Account Agreement, Section 32, Page 45; Schwab Account Agreement, Section 27, Page 23; Schwab IRA and ESA Account Agreement, Section 32, Page 16; Schwab Retirement Plan Brokerage Account Agreement, Section 22, Page 13; Schwab Individual 401(k) Account Agreement, Section 22, Page 12)
The above section has been updated to reflect that Fractional Share orders can be submitted as either share-based or dollar-based orders during regular market sessions. The section has also been updated to reflect the unique trading attributes of Fractional Shares, including minimum order amounts, type of eligible securities, eligible order types and timings, and risks and limitations associated with placing orders for Fractional Shares.
Automatic Dividend Reinvestment Transactions in The Charles Schwab Corporation Stock (Schwab One Account Agreement, Section 8, Page 66; Schwab Account Agreement, Section 8, Page 56; Schwab IRA and ESA Account Agreement, Section 8, Page 30; Schwab Retirement Plan Brokerage Account Agreement, Section 8, Page 28; Schwab Individual 401(k) Account Agreement, Section 8, Page 25)
The above section has been deleted.
Order Routing and Execution (Schwab One Account Agreement, Section 39, Page 51; Schwab Account Agreement, Section 33, Page 28; Schwab IRA and ESA Account Agreement, Section 27, Page 14; Schwab Retirement Plan Brokerage Account Agreement, Section 26, Page 14; Schwab Individual 401(k) Account Agreement, Section 27, Page 14)
The above section has been updated to add the term “order unit.”

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.