Amendments to the Following Account Agreements

October 2024

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

October 1, 2024

Account Agreement Amendments

Dear Investor,

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

1. Cost Basis Update (Schwab One Account Agreement, Section 44; Schwab Account Agreement, Section 40)

The above section has been updated to reflect that when a new account is first opened, Schwab will default the cost basis for mutual fund positions to the Identified Cost Method with the FIFO Lot Selection Method instead of to the Average Cost Method.

2. Joint or Multiple Party Account Update (Schwab One Account Agreement, Section 20; Schwab Account Agreement, Section 14; Schwab Global Account Agreement, Section 18)

The above section has been updated to reflect that Schwab may consider the investment knowledge and experience of each account holder as determinative of the investment knowledge and experience of the entire account.

3. FDIC Insurance Updates (Schwab One Account Agreement, Section 2)

The above section has been updated to clearly differentiate between deposit products and non-deposit products in accordance with the updated FDIC advertising requirements.

4. Address Update (Schwab One Account Agreement, Section 28; Schwab Account Agreement, Sections 41 & 42; Schwab 403(b)(7) Account Agreement, Sections 5 & 33; Schwab Individual 401(k) Account Agreement, Section 44, Schwab Retirement Plan Brokerage Account Agreement, Section 44, Schwab IRA and ESA Account Agreement, Sections 46 & 51; Schwab Global Account Agreement, Section 16)

The above section has been updated to remove the Orlando, Florida mailing address.

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.

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