Third Party Terms

Your Instruction to Schwab. On this page you can direct Charles Schwab & Co., Inc. and its affiliates ("Schwab", "we" or "us") to allow third-party financial applications ("apps") or programs (each an "Aggregator") that you designate to access your Schwab account information and your account information with the aggregator, (the "Account Information"). By instructing us to do this, and by clicking "Continue" below, you are agreeing to these terms, which we may amend from time to time, and providing your informed consent. You are accepting the responsibility and risks summarized below. We may change, suspend or cancel this instruction at any time. The current version of these terms is available at schwab.com/instructionandinformedconsent.

The Account Information You Will Be Sharing. For each brokerage, loan, line of credit, and/or deposit account that you instruct us to link to an Aggregator, you are authorizing Schwab to allow that Aggregator access to your Account Information including the following categories: account descriptors, holdings, balances, transaction history (such as buys, sells, journals, dividends, commissions and fees, payments, interest, ATM Activity, adjustments, deposits, withdrawals, transfers, checks, taxes, and corporate actions), and other account details.

Schwab does not customize the Account Information that Aggregators can access, which means the amount and type of Account Information may be more or less than is required for particular Aggregators to provide the services you are expecting to receive from them.

We will not share some sensitive or personally identifiable information. This includes your Social Security Number, email, residential address, phone number, Schwab account access credentials (including login IDs and passwords), and date of birth. You should safeguard this personally identifiable information, and you should not share your Schwab login credentials with anyone, including with an Aggregator.

The Aggregator and Those They Work With Are Your Authorized Persons. You agree that by instructing us to share your Account Information with an Aggregator, you are authorizing any activity that the Aggregator undertakes as a result, even if you did not anticipate that activity. This includes activities by the aggregator, its employees and agents, and the financial apps and companies with whom the aggregator does business and will share your Schwab Account Information. You understand that sharing Account Information could potentially expose you to increased privacy and security risks, including fraud and unauthorized transactions.
 
How the Schwab Security Guarantee Applies. The Schwab Security Guarantee linked to below covers losses in your Schwab accounts, including any accounts to which you instruct us to give access to an Aggregator. You understand that the protections of the Schwab Security Guarantee will not apply to losses caused by the use, disclosure or exposure of your Account Information by an Aggregator or other third party with whom an Aggregator shares your Account Information because they are your authorized persons. DO NOT SHARE YOUR SCHWAB LOGIN CREDENTIALS WITH ANYONE OR THE SECURITY GUARANTEE WILL NOT APPLY. See (https://www.schwab.com/schwabsafe/security-guarantee)

Some Risks of Aggregation. Once your authorized Aggregator has accessed your Account Information, we cannot retrieve it for you, and we are no longer responsible for how the Account Information is secured or used (including whether it is shared with other parties, or used in an unauthorized manner or for an improper purpose).

Schwab cannot guarantee that the Account Information as may be accessed, displayed, or used by the Aggregator is current or otherwise accurate.

It is important that you understand the Aggregator's services and how they intend to use your Account Information, including whether they share or sell your Account Information, and how they keep your Account Information safe and secure. The Aggregator, and not Schwab, is solely responsible for the security, use, transmission and storage of your Account Information, and you should review their privacy policy and/or your agreement with them for details about their practices.

More general information on how personal data aggregation services work can be found at https://www.sifma.org/explore-issues/personal-data-aggregation/.