If you intend to send funds to settle securities transactions, we must receive these funds on the Business Day before the Settlement Date to prevent an automatic redemption. You further agree that Schwab has the sole right to determine how long tape recordings will be retained. The lender of the securities recalls them; We anticipate an inability to borrow or re-borrow these securities; or, The Bank Sweep and Bank Sweep for Benefit Plans features, each of which automatically makes deposits to and withdrawals from deposit accounts at one or more bankswhose deposits are insured by the FDIC; and, The "Money Fund Sweep" feature automatically invests in and redeems shares of a Schwab, Schwab's proprietary software such as Velocity. Market orders (including marketable limit orders), in particular, are subject to immediate execution and as a general rule cannot be canceled once entered during market hours and shortly before market opening. Schwab offers a number of account types, service features and benefit packages, each of which is referred to as a "Service" for purposes of your Account Agreement. However, Schwab may choose, at its own discretion, to participate in a third-party dividend reinvestment program. Charles Schwab Broker Review - US News & World Report You agree to use the quotes only for your individual use in your business. You shall not permit any customer or client to take physical possession of "your equipment" (i.e., the equipment that you use to receive, display or otherwise use quotes). Any action we take or do not take to issue a margin call or liquidate collateral is undertaken solely to protect our interest as a creditor. Currency exchange rates fluctuate over time, and you acknowledge and accept the risks of such fluctuations between the time you send us a payment order and the time the wire transfer is final. If you have instructed the issuers or sponsors of your Non-Publicly Traded Securities to report values to Schwab, you agree that Schwab may, in its sole discretion, display on your Schwab statement the most recent values provided during the prior 18 months. There may be greater volatility in extended hours trading than in regular trading hours. Delivery Instructions - Schwab Brokerage You acknowledge that the price you will pay or receive may vary substantially if your order is larger than the number of shares to which a price quote applies. Schwab is not obligated to notify you of any upcoming expiration or redemption dates or to take any other action on your behalf without specific instructions from you. You acknowledge and agree that it is your responsibility to review the applicablePricing Guideor fee schedule and your account statements, and to consult with other members of your household who may have accounts with Schwab to determine whether Schwab should update or change its Household Calculations. The assets of linked accounts are not commingled, and all clients linking accounts retain control over, and responsibility for, their individual accounts. You acknowledge that Schwab will not act upon trade orders transmitted through electronic communications other than orders you transmit through designated trade order features; Schwab shall be entitled, but is not obligated, to review or retain your electronic communications for, among other reasons, monitoring the quality of service you receive, your compliance with this Agreement and the security of the Electronic Services. Interest charges will accrue to your account each day. Find a Branch Find a Consultant Zip code, or city and state Attend one of our complimentary workshops. You may purchase only certain securities on margin or use them as collateral in your Margin and Short Account. We will not be liable to you for the rejection or obligated to pay you interest for the period before you receive the notice of rejection. If your Account is managed by an advisor, please contact your advisor directly or call Schwab Alliance at1-800-515-2157. In addition, you agree that Schwab shall be entitled to apply any dividends, capital gains payments, interest payments or other incoming funds, such as funds that would otherwise be invested through the Automatic Investment Plan or dividend reinvestment, to cover fees or other indebtedness to Schwab. Normally, issuers make news announcements that may affect the price of their securities after regular trading hours. Each Service can have unique fees and additional terms and conditions. You authorize Schwab to make deposits, withdraw cash, or purchase and redeem securities in accordance with the eligible Cash Feature you have designated or the Cash Feature that has been designated for your Account. You further acknowledge that proceeds from the sale of your restricted/control securities may not be made available to you for withdrawal or trading purposes until Schwab receives what it, in its sole opinion, considers to be adequate verification that your restricted/control shares have been transferred or cleared for transfer. When your account is first opened, Schwab will default the cost basis accounting method for open-end mutual funds to the Average Cost Method with the First In, First out (FIFO) Lot Selection Method, and for all other assets (i.e., equities, fixed income, options, etc.) We will refund your money within three Business Days of your request to cancel a transfer as long as the funds have not already been picked up or deposited into a recipient's account. If there are other holders of Accounts of Your Household, you understand and acknowledge that Schwab may use general information about your Household Balance and activities to provide or explain Household Calculations or Services available to you and those other holders of Accounts of Your Household. You acknowledge that we may not be able to locate a tape recording unless you can provide the date and time of the conversation and the full name of the representative to whom you spoke. If several accounts hold short positions in a security and not all of the positions are to be covered, we can select the positions to be covered on a random basis. This minimum margin requirement can differ from the minimum amount required to open your Account. In the event that Schwab asks you to remove a Non-Publicly Traded Security from your Account, and you do not request a distribution of the Non-Publicly Traded Security from your Account, remove it from your Account, or transfer it to another custodian within sixty (60) days after Schwab provides you written notice that it will no longer hold the Non-Publicly Traded Security, you authorize and direct Schwab to distribute or transfer the Non-Publicly Traded Security directly to you. Usage will be monitored. Any such review should never be considered a recommendation to buy, sell, or hold the security. Valuing Non-Publicly Traded Securities on Statements. Charles Schwab Review: Online Banking 2023 - Forbes Advisor
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