Grade C+ — Standard consumer terms (score 67/100)
The Schwab Online Services Agreement establishes a standard financial services framework, featuring broad liability limitations, unilateral modification rights, and indemnification requirements.
Standard financial ToS with broad liability caps and unilateral change rights.
you expressly agree that under no circumstances will the total, aggregate liability of Schwab... exceed $100 (U.S.).
If a court finds their liability protections invalid, they cap their total financial responsibility to you at $100.
You hereby grant a license to Schwab to reproduce, disclose, transmit, publish, broadcast, or post your Communications... with no liability or obligation to you.
You give Schwab a perpetual, royalty-free license to use your communications for any purpose.
Schwab reserves the right to modify or discontinue, temporarily or permanently, a Schwab Service (or any part thereof) with or without notice.
Schwab can change the service or terms at any time without providing you advance notice.
YOU AGREE TO INDEMNIFY AND HOLD SCHWAB... HARMLESS FROM ANY CLAIM, DEMAND, LOSS, COSTS OR EXPENSE, INCLUDING ATTORNEYS' FEES, MADE BY ANY PERSON ARISING OUT OF YOUR VIOLATION OF THIS AGREEMENT.
You must pay for Schwab's legal defense and damages if your actions lead to a third-party claim against them.
you agree to submit to the personal and exclusive jurisdiction of the courts located within the City and County of San Francisco, California.
Legal disputes must be handled in San Francisco, regardless of where you live.
Last reviewed 2026-09-02 under rubric v3.5.