Account Opening Requirements by Account Type
The information below is required to open an account. The team may ask you for additional information or clarification. Supplemental documentation may be required please see that list HERE.
✅ Required Information for All Accounts
- Full legal name(s)
- SSN(s)
- Date(s) of birth
- Citizenship status
- Residential address(es)
- Mailing address (if applicable)
- Mobile phone (for SMS verification)
- Email address
- Employment status
- Occupation type (if applicable)
- Employer (if applicable)
- Employer address (if applicable)
- Broker-dealer or FINRA association (Y/N)
- Officer of a publicly traded company (Y/N)
Optional Information for All Accounts
- Trusted contact information
- Bank account information (for Moneylink)
- Contra Account Statements (if transferring from outside of Schwab)
➕ Additional Requirements by Account Type
Individual / Joint
- All info in "Required for All Accounts"
- Source of funds
- Purpose of account
- Add Investor Checking (optional)
- Add Margin (optional)
Traditional IRA / Rollover IRA / Roth IRA
- All info in "Required for All Accounts"
- Plan information required (ask team for details)
- Beneficiary information
SEP IRA / SIMPLE IRA
- All info in "Required for All Accounts"
- Plan information required (ask team for details)
- Beneficiary information
Trust Account
- All info in "Required for All Accounts"
- Full trust document or Certification of Trust
- Source of funds
- Purpose of account
- Add Investor Checking (optional)
- Add Margin (optional)
Inherited IRA / Inherited Roth / Inherited 401(k)
- All info in "Required for All Accounts"
- Death certificate
- Decedent’s full name, SSN, DOB, DOD
- Beneficiary Information
Entity Account
- All info in "Required for All Accounts"
- Entity documents (e.g., Articles of Incorporation, Operating Agreement)
- Additional entity information required (ask team for details)
UGMA / UTMA
- All info in "Required for All Accounts"
- Minor’s full information
- Successor custodian (if applicable)