Min. Account Funding
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| Items | Fees | Right Column Header |
|---|---|---|
| Stocks, Preferred stocks and REITs | Online Trade：US$0. Broker-Assisted Trades：US$25/ transaction | |
| Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes, and TIPS | Online Trade：US$0.Broker-Assisted Trades：US$25/ transaction | |
| Other Secondary Trades: Corporate Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS | Online Trade：US$1 per bond+ (US$10 minimum US$250 maximum).Broker-Assisted Trades：Online pricing + US$25 service charge |
| Item | Charles Schwab (Hong Kong) | Charles Schwab (International) |
|---|---|---|
| Investor Protection | Yes. By SIPC | Yes. By SIPC |
| Offshore Account | No | Yes |
| Financial Products | Fewer choices | More choices, including preferred securities and convertible bonds. |
| Services | Fewer services | More services e.g. free checks, free visa debit card & free atm withdrawal |
First, download and fill in a few forms including Schwab Hong Kong Individual / Joint Account Application, W-8BEN Form (Individuals) (for non-U.S. persons only) and Schwab Universal CRS Self-Certification. Don’t forget to sign and date all completed forms.
Submit copies of the required supporting documents (including proof of ID, proof of address) together with your account application forms to Charles Schwab office.
When your account has been opened successfully, you can start trading on Charles Schwab website, StreetSmart Edge or Schwab Mobile apps.
You can send U.S. dollars by value-dated authenticated wire transfer to Citibank. You need to ensure your account is properly credited and provide the eight-digit account number and name(s) listed on your Schwab account to your bank to be included in the "Message to Recipient".
You can send a check payable to: "Charles Schwab & Co., Inc. FBO" and mail or drop it off to Charles Schwab, Hong Kong, Ltd. Rooms 602-606, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong. Please include your eight-digit Schwab account number as well.
If you have another Schwab account, you can switch the funds from one account to another account under the same name simply by filling in a journal instruction form and sending it to Charles Schwab through mail or fax to +852-2810-9698.
Please note that third-party deposits and transfers are not accepted. The name(s) of the person(s) who issues the check and wire transfer must be the same as the registration of the Schwab account.
