| FIFO (First In First Out) |
| LIFO (Last In First Out |
| High Cost |
| Low Cost |
| Tax Lot Optimizer |
| Average Cost (for mutual funds, ETFs & DRIPs only) |
| Specified Lot |
Schwab's default method for securities other than mutual funds is FIFO (First In First Out). The default for mutual funds is the average cost method. You can check or change the default cost basis method on file for your accounts in Account Settings.
Cost Basis Methods: