Your Privacy Is Not for Sale
Schwab does not and will not sell your personal information to anyone, for any reason.

Effective July 1, 2010

At The Charles Schwab Corporation and its affiliates and subsidiaries ("Schwab," "us" or "we"), we're committed to protecting the privacy of information we maintain about you. Below are details about our commitment, including the types of information we collect, how we use and share that information, and your ability to limit certain information sharing. This Privacy Notice applies to customers; retirement, other employee benefit or stock option plan participants ("participants" includes beneficiaries under the plan and certain other employees); and other consumers with whom we have a relationship, as well as to former customers and participants. Throughout this Privacy Notice (for the purposes of this Privacy Notice only), "customers" includes retirement plan participants and other consumers with whom we have a relationship, unless specifically noted otherwise. The information we collect and how we may use that information may vary depending upon the product, service or Schwab affiliate involved. For example, Schwab may have an agreement or policy with investment advisors, employers or plan sponsors that further limits the sharing of your personal information.

How We Collect Information About You
We collect personal information about you in a number of ways.

• Application and registration information. We collect personal information from you when you open an account, enroll in one of our services, or participate in a Schwab promotion. We may also receive personal information from your employer or retirement or other employee benefit plan sponsor where Schwab has been hired to provide services to your company's benefit, stock option, or similar plan. We may also collect information about you from third parties such as consumer reporting agencies to verify your identity, employment, or creditworthiness, or to better understand your financial needs. The information we collect may include personal information, including your Social Security number, as well as details about your interests, investments, and investment experience.
• Transaction and experience information. Once your account has been opened, we collect and maintain personal information about your account activity, including your transactions, balances, positions, and history. This information allows us to administer your account and provide the services you or your employer or plan sponsor have requested.
• Website usage. When you visit our websites, we may use devices known as "cookies," graphic interchange format files (GIFs), or other similar web tools to enhance your web experience. These tools help us to recognize you, maintain your web session, and provide a more personalized experience. To learn more, please click the Privacy link on the Schwab website(s) you use.

How We Share and Use Your Information Among Schwab Affiliates
The term "Schwab" refers to a family of affiliated financial services companies that are owned by The Charles Schwab Corporation. These include, but are not limited to:

1.	Charles Schwab & Co., Inc., a broker-dealer
2.	Charles Schwab Bank, a retail bank, including Charles Schwab Trust Company, a division of Charles Schwab Bank
3.	Charles Schwab, Hong Kong, Limited
4.	Charles Schwab, U.K., Limited
5.	Schwab Retirement Plan Services, Inc.
6.	Schwab Retirement Plan Services Company
7.	Charles Schwab Investment Management, Inc.
8.	Charles Schwab Investment Advisory, Inc.

Schwab may share information we collect about you within our family of companies to help:

• Provide you with better service or perform services on your behalf;
• Respond to communications from you (or as you authorize or request);
• Make it more convenient for you to open a new account.

At any time, you may instruct Schwab not to share information about you with our affiliates for certain purposes, as explained below under "How to Limit the Sharing and Use of Your Information."

How We Share Your Information Outside of Schwab
We may share your information with outside companies and other third parties in certain circumstances, including:

• To help us process transactions for your account;
• When we use other companies to provide services for us, such as printing and mailing your account statements;
• When we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, to resolve consumer disputes, to perform credit/authentication checks, or for risk control).

Certain Schwab affiliates and subsidiaries may also enter into a joint-marketing agreement with another financial institution in order to provide you with a Schwab-branded financial product or service.

How to Limit the Sharing and Use of Your Information
You may choose to limit the information we share about you among our affiliates and joint-marketing partners for marketing purposes. If you choose to do so, Schwab will not share with our affiliates consumer reports and other personal information about you that may be used to determine your eligibility for credit (for example, information about your income, profession, or employment status); allow our affiliates to market their financial products or services to you based on eligibility information they receive from another Schwab affiliate; or share personal information about you with an outside company for joint-marketing purposes. If you'd like to limit this information sharing, please contact us at the numbers in the "Contact Us" section. You only need to contact us once, and your choice will be honored across all of Schwab.

• Your choice will be applied to you as an individual and will be automatically extended to all of your accounts at Schwab.
• If you have a joint account, you may limit the sharing of information on behalf of another account holder but only in relation to the joint account.
• You may choose to limit the information we share with affiliates at any time, and that choice will remain in effect until you tell Schwab to change it. If you have previously provided Schwab with this information with respect to your current accounts, you do not need to provide it again.
• Regardless of your choice, please be aware that Schwab will continue to share information among our affiliates that identifies you (such as your name and Social Security number), as well as information about your transactions and experiences with us, to perform services on your behalf, to respond to communications from you, or, if you are a customer of an affiliate, to offer you products or services.

Schwab also allows you to limit marketing from the Schwab affiliate(s) with which you have a relationship. This is separate from your affiliate-sharing choice. You may do so by calling Schwab at the customer service number listed on your account statement. These preferences will remain in effect for at least five years, after which time Schwab may ask you to update those preferences and may contact you for marketing purposes.

State Laws
Schwab will comply with state laws that apply to the disclosure or use of information about you. If you are a Vermont resident, we'll automatically limit information sharing without your having to advise us of your privacy choice. Although all customers may request to be placed on Schwab's internal "do not call" list at any time by calling 1-800-435-4000, if you are a Nevada resident, we are required to give you the following notice: At any time, you may request to be placed on our internal "do not call" list. You may do so by calling Schwab at the number listed in the "Contact Us" section. For more information about the Nevada "do not call" notice requirement, contact the Nevada Attorney General, 555 E. Washington Ave., Suite 3900, Las Vegas, NV 89101; phone: 1-702-486-3132; email: BCPINFO@ag.state.nv.us. For further information about this notice, contact us at Charles Schwab & Co., Inc., Attn: "Privacy Program," 211 Main Street, San Francisco, CA 94105; or call one of the numbers listed in the "Contact Us" section.

Safeguarding Your Information—Security Is a Partnership
We take precautions to ensure the information we collect about you is protected, and is accessed only by authorized individuals who are trained regarding Schwab's privacy and information safeguarding practices. Schwab maintains physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. To learn more about our security measures and the measures you need to take, please click the Privacy link on the Schwab website(s) you use.

S.E.C. Rule 14b-1 Preference
Unless we receive your objection, Schwab may be required under the provisions of Rule 14b-1 of the U.S. Securities and Exchange Act of 1934, as applicable, to release your name, address and number of shares to the issuers of securities you hold through Schwab. If you object, you will not receive any corporate communications from the issuer other than regulatory mailings required to be sent to all holders, which you will receive from us. If you wish to exercise this preference, please contact us at the number listed in the "Contact Us" section.

Charles Schwab, U.K., Ltd. Customers
Charles Schwab, U.K., Limited ("Schwab U.K.") introduces residents of the United Kingdom or Switzerland to Charles Schwab & Co., Inc. ("Schwab U.S.").

Schwab U.K. and Schwab U.S. process your personal information in accordance with the privacy policy of Schwab. In addition, our use of your personal data may be subject to various privacy laws of the United Kingdom, including the Data Protection Act 1998. When you open an account with Schwab U.S., you specifically consent to your data being transferred outside of the European Economic Area and to Schwab's use of your personal information in accordance with Schwab's privacy policy, with the following exceptions:

• The "Website usage" paragraph does not apply to the schwab.co.uk website;
• Schwab may use email to communicate with prospective customers, with their permission.

Charles Schwab, Hong Kong, Limited Customers
Charles Schwab, Hong Kong, Limited ("Schwab H.K.") has contracted with Schwab U.S. to perform certain services for customers of Schwab H.K., such as execution, clearance, and settlement of trades, and custody of assets.

Schwab H.K. and Schwab U.S. process your personal information in accordance with Schwab's privacy policy. In addition, our use of your personal information may be subject to various privacy laws of Hong Kong, including the Hong Kong Personal Data (Privacy) Ordinance.

Charles Schwab Bank—Charles Schwab Trust Company, Schwab Funds®, Schwab ETFs™, and Laudus Funds® Customers
Charles Schwab Trust Company, a division of Charles Schwab Bank, and Schwab Funds, Schwab ETFs, and Laudus Funds, Schwab's proprietary mutual funds and ETFs managed by Charles Schwab Investment Management, Inc., currently do not market to customers or retirement and other benefit plan participants or share their personal information with any other party. Schwab Funds, Schwab ETFs and Laudus Funds customers are those individuals who invest directly in the Funds by placing orders through the Funds' transfer agent, or distributor, rather than through a brokerage account, retirement plan account, investment advisor, or other financial intermediary.

Contact Us
To change your privacy preferences, provide us with updated information, report suspected fraud, or identity theft, or for any other questions, please call one of the numbers below.

Brokerage (Charles Schwab & Co., Inc.) customers including clients of independent investment advisors working with Schwab Advisor Services™
Within the U.S.:	1-877-812-1817
From outside the U.S.:	+1-415-667-8400
Bank Customers
Charles Schwab Bank:	1-888-403-9000
Charles Schwab Bank Mortgage and HELOC:	1-877-772-9065
Charles Schwab Bank/Trust Company (Business Trust Division):	1-800-724-7526
International Services Customers
Charles Schwab, Hong Kong, Ltd.:	+852-2101-0500
International customers in all other countries:	+1-415-667-8400
Corporate Plan Relationships
Schwab Retirement Plan Services, Inc.:	1-800-724-7526
Stock Plan Services:	1-800-654-2593
Schwab Retirement Plan Services Company:	1-888-283-2416

If you are uncertain which number is right for you or if you have questions or concerns, call 1-877-812-1817, contact us by email at privacy@schwab.com, or check the website(s) you use.

Charles Schwab, U.K., Limited is authorised and regulated by the Financial Services Authority under reference 225116. Charles Schwab, U.K., Limited is designated a foreign branch office of Charles Schwab & Co., Inc.
Charles Schwab, Hong Kong, Limited is registered with the Securities and Futures Commission to carry out the regulated activities in dealing in securities, advising on securities, and advising on futures contracts under registration CE number ADV256. For additional information, please call +852-2101-0500.

Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.
Schwab Advisor Services™ (formerly Schwab Institutional®) serves independent investment advisors, and includes the custody, trading, and support services of Charles Schwab & Co., Inc.

© 2010 The Charles Schwab Corporation.
All rights reserved.
CS12429-03 REG11000FMT-13 (07/10)

When you interact with Schwab Bank via schwabbank.com we strive to make that experience easy and meaningful. To do so, we use several tools. When you come to schwabbank.com, our Web server sends a cookie to your computer. A cookie is simply an electronically transmitted file that holds small pieces of information. When you navigate through schwabbank.com, your browser "requests" pages for you to view, and that request will include the information stored in the cookie we previously sent to your computer. This process is like an electronic "handshake" between Schwab Bank's system and your computer; the information exchanged allows us to recognize your browser.

Schwab Bank also uses other technology, such as "Graphics Interchange Format" files (GIFs) to recognize users and collect and transmit information online, as described below.

About Cookies and Personal Identification
Standing alone, cookies, GIFs and other Web tools, as well as data derived from them, do not identify you personally. They merely recognize your browser. Unless you choose to identify yourself to Schwab Bank, either by responding to a promotional offer or opening an account, you remain anonymous to Schwab. "Persistent Cookies." Cookies come in two flavors: persistent and session-based. Only persistent cookies remain on your computer after you've closed your browser or turned off your computer. Schwab Bank does not use persistent cookies.

"Session Cookies." Session cookies exist only during an online session with Schwab Bank. They disappear from your computer when you close your browser software or turn off your computer. Session cookies allow you to conduct transactions or request your own personal or account information on our Web site. They contain encrypted or encoded information about your account(s), and/or identifying information that you have previously provided to us. This information allows Schwab Bank to process your online transactions and requests. An example includes a request to see your account balance. Without the session cookie information, we would not be able to complete your Web transactions securely. Session cookies help us make sure you are who you say you are after you've logged in.

"Graphics Interchange Format (GIF)." On our Web sites, including Schwab Bank pages hosted by our agents we sometimes include a GIF. On the Web, they allow us to keep your secure session active while you may be viewing non secure pages such as product information or FAQ's so that you will not have to log in again when you return to a secure page.

"Other Web Tools." Sometimes we include links to Web pages in banner advertisements that include a code that allows us to know if you clicked on that link. We do this so that we can personalize your experience; such as recognizing you when you reach the Web page you clicked to, or by displaying information and content we believe will be relevant to you. We also do this to measure the effectiveness and usefulness of our advertisements and the messages we send, and we use this information to continually improve the way we communicate.

Other Ways Schwab Bank Uses Information Obtained From Cookies and GIFs.
Cookies enable us to understand better how you and others use schwabbank.com. They allow us to collect information about where your browser goes on our site. This assists us in understanding your preferences and improving the site. For example, the information we obtain from cookies or GIFs helps us understand whether our customers use certain Web features and how to improve navigation. We also may use information gathered as the result of GIFs or cookies to target communications to groups of customers based on the parts of schwabbank.com they visit the most. Knowing where your browser has been on our site helps us present useful information and offers to you. We do not sell this or any other information about you to other Web sites, merchants or financial institutions. Unless you have affirmatively consented, we do not provide any personally identifiable information about you to anyone else for their marketing purposes.

Security
Schwab Bank incorporates a number of features to protect your accounts and personal information. The bank itself resides behind a rigid "firewall" and is protected from unauthorized entry.

In addition, Schwab Bank incorporates the following elements to ensure your transactions are protected:

128-bit High Encryption Browser
Schwab Bank requires you to use a secure browser to access account information and perform transactions. This ensures that information you access is secure and confidential. Netscape Navigator®, Netscape Communicator, and Microsoft® Internet Explorer are all browsers that support encryption.

User Name and Password
To access account information; you must first provide a User Name. Your online password will be entered on a subsequent page as part of an enhanced online security feature called SafeKeys. Your password is not displayed when entered (i.e. the password is masked as asterisks and does not appear on clear text on your screen.)

Multiple Firewalls
Firewalls are used to protect Schwab Bank's systems and proprietary network from any unauthorized Internet traffic. A firewall is used to ensure only Schwab Bank traffic is allowed to pass to our systems and networks. In other words, traffic from the Internet that is not from Schwab Bank customers is rejected. Firewalls also create logs of network traffic that allow for centralized auditing and security monitoring.

What Is SSL And How Does It Protect Me?
Secure Socket Layer (or SSL) is a protocol designed by Netscape Communications Corporation to provide secure communications on the Internet. Essentially, SSL does three things:

• SSL creates a secured communication channel by encrypting communication between the user and the server.
• SSL authenticates that the server to which you are connected is indeed correct. So that you are actually communicating with Schwab Bank, and not a third party trying to intercept the transaction.
• SSL conducts a cryptographic word count to data integrity between the server and the user. The word count (or checksum) provides a count of the number of bytes in a document and ensures the exact number of bytes is transmitted and received. With SSL, even this checksum is encrypted so it cannot be modified. If a message is not received in its entirety, it is rejected and another copy of the message is sent automatically.

Steps You Should Take
You play an important role in safeguarding your personal information and protecting your privacy. Here are some of the things you can do:

• Schwab Bank will never request or disclose your personal information (account number, Login password, Social Security number) in either a non-secure or unsolicited email communication.
• If you get an email that warns you, with little or no notice, that an account of yours will be shut down unless you reconfirm your billing information, do not reply or click on the link in the email.
• When you enter account or personal information at the schwabbank.com website, it will always be over a secure connection. You can be sure of this because you will see the secure site indicator in the lower right corner of your browser's frame in the shape of a padlock. It signals that your information is secure during transmission.
• Shred financial documents that contain your personal information before you discard.
• Check your credit report regularly to make sure no unauthorized activity has occurred.
• Protect your personal information (such as your PIN, Social Security number, date of birth, etc.). Do not give it out to any person or company or in an email unless you are familiar with them and you have initiated your communication with them.
• Don't carry unneeded credit cards, your Social Security card, your birth certificate or other personal documents in your purse or wallet.
• Review your monthly account statements carefully. Report any unrecognized or unusual activity immediately.

It's also important to protect your computer at home. Here are a few best practices to follow:

• Use and update antivirus software which not only protects your machine from malicious viruses, but also helps to protect the networks to which you connect.
• Use a firewall to protect the data on your computer from unauthorized users accessing your computer.
• Do not re-use passwords for sensitive systems.

How Schwab Bank Protects Your Identity
Your privacy is our priority and Schwab Bank is committed to protecting you

• We do not sell customer information to anyone.
• We use encryption technology to protect sensitive information that is transmitted over the Internet.
• We control access to your information inside our company by limiting employee access to systems and data.
• We ensure all employees are trained to safeguard your information.
• We continue to evaluate our efforts to protect personal information and make every effort to keep your personal information accurate.

Our most important asset is our relationship with you. We understand that you have entrusted us with your private financial information, and we do everything we can to maintain that trust.

How to Protect Against Phishing
What is Phishing?

Phishing is the illegal attempt to mislead consumers into providing personal or financial information, including account numbers, passwords and Social Security numbers, via email or through fraudulent Web sites.

The most frequent phishing attacks occur through email disguised to appear as though it came from a reputable financial institution or company. Most phishing attempts urge you to update or validate your account information, typically through a link in an email directing you to a fake Web site that appears to be legitimate.

How to spot a phishing attack

There are many phishing attacks active on the Internet. Here are a few of their lines and lures:

• An email contains an "urgent" or "shocking" tone requesting your immediate action on an account-related matter. Phishers frequently succeed by getting consumers to act quickly without thinking.
• An email is sent from a user falsely claiming to be a legitimate company with an attachment. An unsolicited email attachment more than likely contains a virus. Do not open it.
• A pop-up window appears from a user falsely claiming to be a legitimate company's Web site asking for personal information.

• Do not provide your personal or financial information in response to an email request or after clicking on a link from an email. Legitimate companies do not ask for this type of information through an email communication, no matter how official the email may look.
• Do not enter your personal information into a form within an email message or a pop-up. Email messages and pop-ups are not secure. It is never safe to enter your personal information in a form unless it is on a secure web site.
• Do not open an email from a sender you do not recognize that contains an attachment. A legitimate financial institution would not deliver unsolicited attachments. Delete the email with the attachment immediately.

• Check that you are interacting with a secure Web site. Before you submit personal or financial information on a Web site:
  
  • Look for the locked padlock or key icon at the bottom of your browser or
  • Make sure the web site address begins with "https://" instead of "http://". The "s" indicates that the site is secure.
  
  The absence of either of these items will indicate that the site is not secure. If you are unsure of the validity of the email, contact the institution directly -- not via any links in the email.
  
  
• Keep your browser software up-to-date with security updates. To adequately protect your computer, make sure you have current anti-virus and firewall software installed to help protect your personal information.
• Review your account statement carefully. Verify that all transactions are authorized and report any discrepancies immediately.

What To Do If You Are A Victim Of Identity Theft
If you are victim of identity theft, here are some recommended steps:

• Contact Schwab Bank and let us know you have been a victim of identity theft
• Contact the fraud departments of each of the 3 major credit bureaus:
  
  

  	Equifax	Experian	Trans Union
  Report Fraud	800-525-6285	888-397-3742	800-680-7289
  Order Credit Report	800-525-6285	888-397-3742	800-916-8800
  Web Address	www.equifax.com	www.experian.com	www.transunion.com
  Address	PO Box 740241 Atlanta, GA 30374-0241	PO Box 9530 Allen, TX 75013	PO Box 6790 Fullerton, CA 92634-6790

• Report the identity theft and request a "fraud alert." This ensures that the you contacted before any new account is opened and/or an existing account is changed.
• Request copies of credit reports. Review the reports carefully and identify any new accounts that may have been opened. Pay particular attention to the section of the report that lists "inquiries" from new companies. Contact these companies immediately and have them remove any pending or new accounts from their system. Note: Credit bureaus must provide free copies of credit reports to victims of identity theft.
• Contact the fraud departments of creditors to dispute unauthorized charges (e.g., credit card issuer, phone companies, utilities, banks, other lenders.) Describe your identity theft problem and follow up with a letter.
• File a report with your local police department and ask to file a report. This may help when clearing your credit.
• File a complaint with the Federal Trade Commission (FTC). The FTC handles complaints from victims of identity theft, provides information to those victims, and refers complaints to appropriate entities, including the major credit-reporting agencies and law enforcement agencies.
  • By phone: 1-877-ID-THEFT
  • Online Complaint Form: www.consumer.gov/idtheft

Other Resources to Learn More about ID theft:

Federal Trade Commission - ID Theft - www.ftc.gov/bcp/conline/pubs/credit/idtheft.htm

Federal Trade Commission - Phishing - www.ftc.gov/bcp/conline/pubs/alerts/phishingalrt.htm

Identity Theft Resource Center - www.privacyrights.org

Identity Theft Prevention and Survival - www.identitytheft.org

Social Security Administration - www.ssa.gov/oig/guidelin.htm

Justice Department - www.usdoj.gov/criminal/fraud/idtheft.html

Postal Inspection Service - www.usps.com/websites/depart/inspect

Please note, these links are being provided as a service convenience. Schwab Bank is not affiliated with any of these organizations and cannot guarantee their accuracy, effectiveness and/or completeness.

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY USING THIS SITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW

TERMS AND CONDITIONS OF USE
Welcome to the public area of the schwabbank.com web site! This web site is owned and operated by Charles Schwab Bank and its banking and non-banking subsidiaries and affiliates (collectively "Schwab Bank", "the bank", "we", "us", or "our" "). You may use the public areas of schwabbank.com (the "Public Site") only if you agree, without modification, to these terms and conditions (the "Terms"). Schwab Bank reserves the right to modify or discontinue, temporarily or permanently, all or any portion of the Public Site with or without notice. You agree that Schwab Bank will not be liable to you or to any third party for any such modification, suspension or discontinuance.

CHANGES TO TERMS
Schwab Bank may at any time revise these terms and conditions by updating the Terms. You agree to be bound by subsequent revisions and agree to review the Terms periodically for changes to the terms and conditions. The most up to date version of the Terms will always be available for your review under the "Legal Information" link that appears at the bottom of the home page as well as one or more other pages on the Public Site. Schwab Bank may also offer other services from time to time that are governed by different terms and conditions. If you have an account with Schwab Bank, your customer relationship with Schwab Bank is also governed by other agreements including without limitation your Deposit Account Agreement(s).

NATURE OF PRODUCTS AND SERVICES
This web site contains information about Schwab Bank. We may change the nature of the services or products described in this web site at any time, without notice to you.

GRANT OF LICENSE
Schwab Bank grants you a single, non-exclusive, non-transferable, limited personal license to access and use the Public Site. This license is conditioned on your continued compliance with the terms and conditions in these Terms.

TERM AND TERMINATION
The license granted under these Terms will terminate if you fail to comply with any term or condition of these Terms. Upon such violation, you agree to terminate access to the Public Site. You agree that Schwab Bank, in its sole discretion and with or without notice, may terminate your access to any or all of the Public Site, and remove and discard any information or content within the Public Site. Schwab Bank may also in its sole discretion with or without notice discontinue providing the Public Site. You also agree that Schwab Bank will not be liable to you or any third-party for any termination of your access to the Public Site.

COPYRIGHT AND TRADEMARK/SERVICE MARK
The Public Site and its content are owned by Schwab Bank or its affiliates or agents and are protected by United States copyright laws and international treaty provisions. All content, trademarks, services marks, trade names, logos, and icons are proprietary to Schwab Bank or its affiliates or agents. Nothing contained on the Public Site should be construed as granting, by implication, estoppel, or otherwise, any license or right to use any trademark displayed on the Public Site without the written permission of Schwab Bank or such third party that may own the trademarks displayed on the Public Site. Your use of the trademarks displayed on the Public Site, or any other content on the Public Site, except as provided herein, is strictly prohibited. Images displayed on the Public Site are either the property of, or used with permission by, Schwab Bank. The use of these images by you, or anyone else authorized by you, is prohibited unless specifically permitted under these Terms. Any unauthorized use of the images may violate copyright laws, trademark laws, the laws of privacy and publicity, or other regulations and statutes.

LIMITATION OF LIABILITY AND INDEMNIFICATION
You agree to indemnify and hold Schwab Bank and its affiliates, agents, employees, and licensors harmless from any claim, demand, loss, costs or expense, including attorneys' fees, made by any person arising out of your use of any portion of the Public Site or your violation of these Terms. UNDER NO CIRCUMSTANCES, INCLUDING BUT NOT LIMITED TO A NEGLIGENT ACT, WILL SCHWAB BANK OR ITS AFFILIATES OR AGENTS BE LIABLE FOR ANY DAMAGES OF ANY KIND INCLUDING, WITHOUT LIMITATION, DIRECT, INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES THAT RESULT FROM THE USE OF, OR THE INABILITY TO USE, ANY PORTION OF THE PUBLIC SITE, EVEN IF A SCHWAB BANK AUTHORIZED REPRESENTATIVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING DISCLAIMER IS EFFECTIVE WITHOUT REGARD TO THE FORM OF ANY ACTION, INCLUDING BUT NOT LIMITED TO CONTRACT, NEGLIGENCE, TORT, STRICT LIABILITY OR ANY OTHER THEORY. Applicable law may not allow the limitation or exclusion of liability of incidental or consequential damages, so the above limitation or exclusion may not apply to you.

RESTRICTIONS ON USE
Except as otherwise permitted by Schwab Bank, no materials from the Public Site or any site owned, operated, licensed or controlled by Schwab Bank may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way. You may download material displayed on the Public Site for non-commercial, personal use. If you do so, you agree to retain all copyright and other proprietary notices contained on the materials. You may not use, distribute, modify, transmit, or post the content of the Public Site for public or commercial purposes, including any text, images, audio, or video without Schwab Bank's written permission.

ACCESSING THE PUBLIC SITE
With the exception of applications commonly known as Web Browser software, or other applications formally approved by Schwab Bank in writing, you agree not to use any software, program, application or any other device to access or log on to Schwab Bank's computer systems, Web site or proprietary software or to automate the process of obtaining, downloading, transferring or transmitting any content, information or quotes to or from Schwab Bank's computer systems, Web site or proprietary software. Schwab Bank is not responsible for, and makes no warranties regarding, the access, speed or availability of the Internet in general or the Public Site in particular. You agree that you will not: (a) use any robot, spider, other automatic device or manual process to monitor or copy our web pages or the content contained herein without our prior written permission; (b) use any device, software or routine to interfere or attempt to interfere with the proper working of the Public Site or any transaction being conducted on either; (c) take any action that imposes an unreasonable or disproportionately large load on our infrastructure; or (d) reverse engineer, reverse assemble or otherwise attempt to discover any source code. Information on the Public Site may be updated on a periodic basis and is proprietary or is licensed to us by others. You agree that you will not copy, reproduce, alter, modify, create derivative works, or publicly display any content from the Public Site without our prior written permission, or that of the appropriate third party.

MANNER OF USE - NO INVESTMENT ADVICE OR RECOMMENDATIONS
The Public Site and its content are for information and education purposes only. You alone will bear the sole responsibility of evaluating the merits and risks associated with the use of the Public Site. Although the Public Site may provide information relating to approaches to estate or financial planning or investing or types of securities and investments you might buy or sell, no information available through the Public Site is intended or should be construed as an investment recommendation or endorsement from Schwab Bank. Nothing contained on the Public Site constitutes legal, investment, or financial advice. In exchange for using the Public Site, you agree not to hold Schwab Bank liable for any possible claim for any damages arising from any decision you make based on information made available to you through the Public site.

PRODUCT INFORMATION
Schwab Bank products and services are only offered in jurisdictions in which they may be lawfully offered, and are subject to the terms of an agreement acceptable to both parties. Not all products or services are available in all jurisdictions.

NON-DEPOSIT INVESTMENT PRODUCTS
Non-deposit investment products described on this web site are not deposits or obligations of any bank and are not guaranteed by the FDIC or any agency of the U.S. Government. Such products are subject to investment risk, including possible loss of principal.

DISCLAIMERS
NEITHER SCHWAB BANK NOR ANY OF ITS AFFILIATES OR SUBSIDIARIES MAKES ANY WARRANTY OF MERCHANTABILITY, WARRANTY OF FITNESS FOR A PARTICULAR USE, WARRANTY OF ACCURACY, ADEQUACY OR COMPLETENESS OF THE INFORMATION AND MATERIALS CONTAINED IN THIS SITE. OR WARRANTY OF NON-INFRINGEMENT. THERE IS NO OTHER WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, REGARDING THE INFORMATION, INCLUDING RESEARCH REPORTS, OR ANY ASPECT OF THE PUBLIC SITE (INCLUDING BUT NOT LIMITED TO INFORMATION ACCESS). THE INFORMATION AND MATERIALS CONTAINED IN THIS SITE ARE PROVIDED "AS IS". We make no commitment to update any information or materials on this web site. This web site may contain inaccuracies or typographical errors.

GOVERNING LAW
THIS WEBSITE IS DESIGNED FOR U.S RESIDENTS, AND ALL SERVICES AND PRODUCTS ARE SUBJECT TO COUNTRY SPECIFIC RESTRICTIONS. RESIDENTS OF OTHER COUNTRIES MAY, BY REASON OF LOCAL LAWS, BE UNABLE TO OBTAIN ALL PRODUCTS AND SERVICES DESCRIBED HEREIN. These terms and conditions will be governed by the laws of the State of Nevada without regard to conflicts of law principles thereof. The state or federal courts located in Washoe County, Nevada shall have exclusive jurisdiction over any cause of action arising out of the content or use of this web site. If any part of these Terms is unlawful, void or unenforceable, that part will be deemed severable and will not affect the validity and enforceability of any remaining provisions. Charles Schwab Bank is a wholly owned subsidiary of the Charles Schwab Corporation.

(0408-2682)