Amendments to the Following Account Agreements

October 2025

Schwab One® Account
Schwab Account
Schwab IRA and ESA Account

October 1, 2025

Account Agreement Amendments

Dear Investor,

This document highlights certain changes to the following three Account Agreements: Schwab One® Account (“Schwab One®”), Schwab Account (“Schwab Account”), and Schwab Individual Retirement Account and Education Savings Account (“Schwab IRA and ESA”).

These amendments, which include both changes to 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 Update (Schwab One Account Agreement, Section 32; Schwab Account Agreement, Section 27; Schwab IRA and ESA Account Agreement, Section 32)
This section has been updated to reflect changes to the way Schwab facilitates fractional share trading. For some OTC securities, if you hold a position that has a fractional share you may be restricted from selling shares that would result in a new fractional share position.
Minimum Initial Deposit (Schwab One Account Agreement, Schwab One International Account Agreement Section 2)
This section has been updated to reflect that no minimum deposit is required to open the account.

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.