It is your responsibility to choose (or change) the cost accounting method appropriate to your tax situation. If you do not choose (or change) the desired billing method based on costs before trading, you may have adverse tax implications. Schwab does not provide tax advice and recommends that you consult a tax professional about cost decisions. For more information on the cost basis, see the cost base disclosure statement, which can be found on schwab.com. If the net amount of a dividend, interest or other payment that is automatically paid to you by cheque is less than $100, it will remain in the account as a balance and will not be automatically sent to you. Weekly withdrawals under $100 will be in your account by the end of the month and you will receive a check to see if the total amount is $100 or more. Day traders are subject to a number of strict requirements. This includes requesting a minimum deposit of $25,000 before a transaction label can be made on a margin account, and using a different calculation of margin purchasing power. If you have any questions about day traders` margin requirements, please contact your Schwab service specialist or margin specialist. At our discretion, all debit balances in your account, including those resulting from line credit renewals, are immediately due and payable. To add or remove the plan with respect to SCHW shares in your account, you must notify us by telephone at least one business day before the date on which dividends or other eligible cash distributions on SCHW shares are payable. Note: This section does not apply to tax-eligible accounts that are subject to the prohibited transaction rules of the Internal Revenue Code or ERISA, or any resulting debt. Some fees may be charged to a debit or credit card.
By authorizing Schwab to charge a debit or credit card, you authorize Schwab or its respective agents or designated representatives to automatically charge that card (or a replacement credit card account if the original card is renewed, lost, stolen or modified by the crediting entity for any reason and that entity automatically notifies Schwab of that new replacement card account) for all fees and costs; related to your transactions or products or services. You get. Electronic Services Agreement and User Agreement: Your use of the Extended Hour Trading Session is subject to your existing account agreements with Schwab, including the ”Electronic Services Agreement”. Information, news, research, quotes and other content made available to you during the extended business hours trading session are also subject to the ”Terms of Use”. As a Schwab customer, you have previously accepted these agreements, which can be consulted under the Contracts link displayed on one or more pages of the Customer Area. If we borrow securities on your behalf, we are required to return the securities to the lender upon request. If you are unable to hedge a short position (either by delivering the security or by our ”buying” of your position) in a timely manner for us to provide the guarantee to the lender, you agree to pay us for the losses we incur as a result of the non-delivery. For example, if you have a short position in a security that is the subject of a tender offer and you are unable to hedge the position in a timely manner so that we can deliver the security to its lender, we may hold you responsible for the economic value of the tender offer. Investing in foreign securities, including those traded on domestic exchanges, may result in tax obligations or tax reporting obligations to U.S. and/or foreign tax authorities. You are solely responsible for taxes arising from your business, including any tax liabilities arising from foreign legal obligations. Schwab`s ability to help you achieve the most favorable tax treatment varies by jurisdiction.
Schwab does not offer tax advice. Please consult a tax advisor before investing in foreign securities in your Schwab brokerage accounts. Some fees and other items related to your account are calculated by taking into account (i.e., aggregating) your household`s activities and account balances. You acknowledge and agree that it is your responsibility to review the applicable pricing guide or fee table and your bank statements and to consult with other members of your household who may have accounts with Schwab to determine whether Schwab needs to update or change its budget calculations. Although Schwab makes good faith efforts to identify and consider your household accounts in order to calculate potentially applicable fee exemptions, you acknowledge and agree that Schwab is not responsible for alleged errors in the execution of budget calculations if you do not contact Schwab with concerns or questions about how Schwab performs budget calculations. If there are other account holders in your household, you understand and acknowledge that Schwab may use general information about the status and activities of your household to provide or explain the calculations or cleaning services available to you and other account holders in your household. .