Schwab Bank Deposit Account Pricing Guide Customer Service Information

March 2020 Please read this important information carefully.

Schwab Bank Deposit Account Pricing Guide Customer Service Information:

Call Toll-Free: All Deposit Accounts: 1-888-403-9000 High Yield Investor Checking Account— Clients of independent investment advisors: 1-800-515-2157

Visit Our Website: High Yield Investor Checking Account: www.schwab.com High Yield Investor Checking Account— Clients of independent investment advisors: www.schwaballiance.com High Yield Investor Savings Account— Clients who also have a Schwab Brokerage account: www.schwab.com All Other Deposit Accounts: www.schwabbank.com

Written Inquiries: Charles Schwab Bank, SSB P.O. Box 982605 El Paso, TX 79998-2605

Deposits/OCL and PAL Payments: Charles Schwab Bank, SSB P.O. Box 982605 El Paso, TX 79998-2605 or Charles Schwab Bank, SSB P.O. Box 628291 Orlando, FL 32862-8291

Schwab Bank Bill Pay™ Service: Schwab Bank Bill Pay Customer Service P.O. Box 982605 El Paso, TX 79998-2605 1-888-297-7535

1 Introduction Average Daily Balance: The sum of your daily Ledger Balances for the month, This Schwab Bank Deposit Account Pricing divided by the number of calendar days in Guide (“Guide”) applies to all deposit the month. accounts and related services offered by Schwab Bank. It is part of the contract for Business Day: Monday through Friday, your deposit relationship with us. For other excluding Federal Reserve Bank holidays. terms and conditions governing your accounts, please see the booklet entitled Check Conversion: A check that you have Schwab Bank Deposit Account Agreement, given to a payee (a merchant or a biller) which you received when you opened your that the payee has converted into an account. You may request an additional electronic transaction. This definition does copy of the Schwab Bank Deposit Account not include a check that you have given to Agreement or this Guide by contacting a payee that has been returned unpaid Customer Service. Please review this and that the payee converts to an elec- entire booklet carefully. We may change tronic transaction for the purpose of this Guide at any time. representing the item. Section 1 of this Guide describes our Debit Card: Refers to a Schwab Bank deposit accounts and the fees, balance Visa® Platinum Debit Card. Allows access requirements, transaction limits and other to your account at Automated Teller terms associated with each type of Machines (ATMs) and lets you pay for account. Section 2 of this Guide describes purchases using a Point-of-Sale Debit. how we pay interest on your funds for Direct Deposit: An ACH credit entry to your interest-bearing accounts. Section 3 lists account that you authorize. It is usually the fees for other related services that used to deposit funds owed to you (such may apply to any account. For information as when you authorize your employer to about current interest rates, tiers and credit your account for your payroll). other services, please call Customer Service. Electronic Debit: A charge to your account that you authorize and that includes Definitions Preauthorized Debits, Point-of-Sale Debits and Check Conversions. Throughout this booklet, the words “you,” “your” and “yours” refer to each account Household: All members of an immediate owner. “Schwab Bank,” “we,” “us” and family who reside at the same address. “our” refer to Charles Schwab Bank, SSB Immediate family members include: and any vendor we may, in our sole discre- spouse, parents, stepparents, children, tion, involve in providing any service stepchildren, siblings, stepbrothers, step- described herein (other than Charles sisters, grandparents, grandchildren and Schwab & Co., Inc.). As used in this in-laws. Guide, the terms listed below are defined as follows: Internet Banking: Refers to either (a) access to your High Yield Investor ACH: See Automated Clearing House. Checking account or your High Yield Investor Savings account (provided you also Automated Clearing House: A funds trans- have a Schwab Brokerage account) at fer system, governed by the Operating www.schwab.com; (b) for clients of inde- Rules of the National Automated Clearing pendent investment advisors, access to House Association, which provides for your High Yield Investor Checking account interbank clearing of electronic transac- or High Yield Investor Savings account tions by participating financial institutions.

2 (provided you also have a Schwab no account activity other than the posting Brokerage account) at www.schwaballiance of interest. We will send you a statement .com; or (c) access to your other Schwab at least quarterly even if there is no activ- Bank deposit accounts using our online ity in your account. banking service, available at www.schwabbank.com. 1. Deposit Accounts Ledger Balance: This is the preceding High Yield Investor Checking Account day’s ending balance, plus current day credits, minus current day debits. The Schwab Bank High Yield Investor Checking® (“High Yield Investor Checking”) Legal Process: A subpoena, restraining account is a Schwab Bank checking order, injunction, writ of attachment or account linked to a Schwab One® broker- execution, levy, garnishment, tax withhold- age account (“Schwab One account”) ing order, search warrant, forfeiture or maintained at Schwab Brokerage. The other similar order. linked accounts allow you to move funds Money Transfer: The movement of funds between your High Yield Investor Checking from one deposit account to another via account and your Schwab One account. electronic means; includes wire transfers, Fees applicable to your Schwab One ACH transfers and direct transfers account are listed in the booklet entitled between accounts (including target bal- Charles Schwab Pricing Guide for Individual ance transfers and overdraft protection Investors, which you received when you transfers). opened your Schwab One account. The High Yield Investor Checking account is a Monthly Service Charge: A monthly fee for variable-rate, interest-bearing checking services we provide to operate and main- account that comes with a Schwab Bank tain your account and keep it open and Visa® Platinum Debit Card and unlimited available to you. checkwriting privileges.

1 Point-of-Sale Debit (POS): A charge to your • Minimum opening deposit: $0 (In order account that you authorize when you use to open a High Yield Investor Checking your Debit Card to make purchases at a account, you must already have a merchant. Schwab One account, or you must open a new Schwab One account.) Preauthorized Debit: A charge to your account that you authorize that is made via • Monthly Service Charge: $0 the Automated Clearing House. It is usually used for recurring bill payments (such as High Yield Investor Savings Account when you authorize a utility company to The Schwab Bank High Yield Investor debit your account in payment for your Savings® account (“High Yield Investor monthly bill). Savings”) is a variable-rate, interest- Schwab Brokerage: Refers to our affiliate, bearing savings account. Checks may not Charles Schwab & Co., Inc., a registered be written on this account, but there is broker-dealer. limited Debit Card access. • Minimum opening deposit: $01 Statement Period: A period of time, of about one month, covered by an account • Monthly Service Charge: $0 statement. It may end on any Business • Number of withdrawals or transfers by Day during the month. We will send you a ATM or by mail allowed per Statement monthly account statement unless there is Period: Unlimited

3 • Total number of other debit transactions We may change these tier levels at any from your account per Statement time and will provide notice when required Period: 6 by law. You may obtain current rates and tier information by calling Customer Interest Checking Plus Account Service. This is a variable-rate, interest-bearing checking account that comes with a 3. Fees for Related Services Schwab Bank Visa® Platinum Debit Card This section includes additional fees that and unlimited checkwriting privileges. apply to our deposit accounts and related • Monthly Service Charge: $0 services. Other fees may be assessed for services not listed here. See your Schwab Bank Deposit Account Agreement for information about how we Use of ATMs calculate interest, the early withdrawal penalty and other terms. We do not charge any fees for use of any ATM machine. If you use a machine that is 2. Interest on Your Funds not a Schwab Bank ATM, you may be charged a fee by the ATM operator or any Funds in your High Yield Investor Checking, network used. This may include a fee for a High Yield Investor Savings, and Interest balance inquiry even if you do not com- Checking Plus accounts earn a variable plete a withdrawal or other monetary interest rate. For details about the interest transaction. rates we pay on your accounts, please refer to the Schwab Bank Deposit Account For the following accounts, we refund fees Agreement. charged by ATM operators when you use your Schwab Bank Debit Card for ATM Interest Rate Tiers: The rate we pay on cash withdrawals. The rebate will appear some accounts depends on the tier into as a lump-sum credit on the same check- which the end-of-day Ledger Balance in ing account periodic statement that your account falls. includes ATM fees incurred for that The tiers currently in effect for High Yield account statement cycle. Investor Checking, High Yield Investor • High Yield Investor Checking Savings, and Interest Checking Plus • High Yield Investor Savings accounts are: • Interest Checking Plus • $0–$2,499.99 • $2,500–$9,999.99 ATM fee rebates apply to cash withdrawals • $10,000–$49,999.99 using the Schwab Bank Debit Card wher- • $50,000–$99,999.99 ever it is accepted. ATM fee rebates do • $100,000–$499,999.99 not include fees imposed by merchants for • $500,000+ POS transactions, or fees for stamp purchases, balance inquiries, or any transac-

4 tions other than an ATM cash withdrawal Other Services from your Schwab Bank account. Schwab Overdrafts Bank makes its best effort to identify • Overdraft fee, each No charge those ATM fees eligible for rebate, based (fee for paying item on information it receives from Visa® and causing an overdraft) ATM operators. In the event that you have • Overdraft protection No charge not received a rebate for a fee that you transfers, each believe is eligible, please call a Schwab Bank Customer Service Representative for Research/account recon- No charge assistance. Schwab Bank reserves the ciliation, per hour right to modify or discontinue the ATM fee rebate at any time. Rush delivery $15.00 or more, subject Online Services to delivery speed, desti- Access to your accounts via No nation and/or Internet Banking charge package size Schwab Bank Bill Pay™ No Statement copies No charge Service charge Stop-payment order, No charge Other Services each (includes electronic transactions Cashier’s checks, each $10.00 and renewals) Check copies No charge Telephone transfers, No charge Checks (and related Fee varies each materials) depending on Wire transfers (U.S. cur- style2 and ship- rency only) ping methods • Incoming, each No charge Collections (incoming $25.00 • Outgoing, each $25.00 and outgoing), each 1 Your account must be funded before some Deposited item $5.00 account features are activated. returned, each 2 Standard checks for the High Yield Deposit slip copies, per No charge Investor Checking and other checking copy accounts are free. Legal process fee, each $35.00 Nonsufficient funds fees • Returned item fee, $25.00 each (fee for return- Maximum ing item due to of $100.00 nonsufficient funds) per day