How to deposit securities

How to deposit securities

Securities can be deposited into most account registrations at Schwab. Schwab accepts the deposit of most types of securities that are publicly traded in the United States (e.g., stock certificates, municipal bonds, restricted securities, and treasury certificates for deposit). Securities not accepted by Schwab may be referred to a specialized or niche custodian; contact your Schwab service team.

All Accounts
In addition to the information above, the following may be required based on the security:
Security certificate and Schwab account registrations have different first, middle, or last names by which the client is known
Bearer Bond
State of Israel Bonds
  1. Gather the security certificate(s) with the back signed by all account holders, endorsed Tooltip exactly as account registration, and with Charles Schwab & Co., Inc. listed as the attorney.
  2. If depositing a jointly held security into an individual account, select the forms below to open the Forms & Applications page on Schwab Advisor Center®. Click Select, and then select Open PDF:
    • An Irrevocable Stock or Bond Power form, signed by all account holders, for each security in lieu of a signed certificate
    • A Third Party Release Form, notarized and signed by the joint owner of the security(ies) who is not the account holder Tooltip
  3. Mail the security certificate, required documentation, and Third Party Release Form (if applicable) to your Schwab Service Center for processing. Send the Irrevocable Stock or Bond Power form(s) to your Schwab Service Center for processing (scanned or faxed documents are not acceptable).
East Coast:West Coast:
Charles Schwab & Co., Inc.
Attn: Document Control
1958 Summit Park Dr.
Orlando, FL 32810
Charles Schwab & Co., Inc.
MS PHXPEAK 01-1a319
Attn: Securities Operations
2423 East Lincoln Drive
Phoenix, AZ 85016

Deposits to accounts with different registrations are not available.

  1. Gather the following documentation:
    • The security certificate(s) with the back signed by one or more trustees (capacity/title must be after signature, i.e., John Doe, trustee), endorsed Tooltip  exactly as account registration, and with Charles Schwab & Co., Inc. listed as the attorney
    • A copy of the first page and all current signature pages of the trust document if the security certificate registration is for a family trust.
    • If the trustee on the security certificate is no longer the trustee and unable to sign:
      • A copy of the full trust document naming the new trustee, and
      • A notarized Addendum to the Trust stating the resignation of the old trustee and the appointment of the new trustee, or
      • A Letter of Incapacitation from two separate doctors on their letterhead
      • If trustee(s) on the certificate is/are deceased, a copy of death certificate(s) and successor trustee page of the trust are required. 
  2. If the security certificate is not available or does not meet criteria, complete the Irrevocable Stock or Bond Power form.
  3. Complete all necessary fields.
  4. Repeat steps 2 and 3 for all securities.
  5. Print the form(s) and obtain a signature from one or more trustees (capacity/title must be after signature, i.e., John Doe, trustee).
  6. Mail the security certificate, required documentation, and completed form(s) to your Schwab Service Center for processing.
East Coast:West Coast:
Charles Schwab & Co., Inc.
Attn: Document Control
1958 Summit Park Dr.
Orlando, FL 32810
Charles Schwab & Co., Inc.
MS PHXPEAK 01-1a319
Attn: Securities Operations
2423 East Lincoln Drive
Phoenix, AZ 85016
  1. Gather the following documentation:
    • The security certificate(s) with the back signed by an authorized officer other than the officer completing and signing the Certificate of Corporate Authorization to Transfer form, endorsed exactly as registered, with Charles Schwab & Co., Inc. listed as the attorney.
    • The company's Corporate Resolution or Supplemental Trust Account Application for Entity Trustees.
    • A Corporate seal or notarized Certificate of Corporate Authorization to Transfer form (obtained from your Schwab service team), signed by the corporate secretary (or whomever performs those function), in lieu of a Corporate Resolution or a Supplemental Trust Account App for Entity Trustees. Complete all necessary fields. Ensure the "Corporate" box on the Certificate of Corporate Authorization to Transfer form is checked.
  2. If the back of the stock certificate is not signed, complete the Irrevocable Stock or Bond Power form. Complete this form in lieu of a signed certificate. An authorized officer other than the officer completing and signing the Certificate of Corporate Authorization to Transfer form must sign this form.
  3. Repeat step 2 for all securities, if applicable.
  4. Mail the security certificate, required documentation, and completed form(s) to your Schwab Service Center for processing.
East Coast:West Coast:
Charles Schwab & Co., Inc.
Attn: Document Control
1958 Summit Park Dr.
Orlando, FL 32810
Charles Schwab & Co., Inc.
MS PHXPEAK 01-1a319
Attn: Securities Operations
2423 East Lincoln Drive
Phoenix, AZ 85016
  1. Gather the following documentation:
    • The security certificate(s) with the back signed by an authorized officer other than the officer completing and signing the Certificate of Corporate Authorization to Transfer form, endorsed exactly as account registration, and with Charles Schwab & Co., Inc. listed as the attorney.
    • The company’s Operating Agreement.
    • A notarized Certificate of Corporate Authorization to Transfer form (obtained from your Schwab service team) in lieu of an Operating Agreement, signed by an authorized officer. Complete all necessary fields. Ensure the “Non-incorporated” box on the Certificate of Corporate is checked.
  2. If the back of the stock certificate is not signed, complete the Irrevocable Stock or Bond Power form. Complete this form in lieu of a signed certificate. The secretary or person performing similar functions must sign the form.
  3. Mail the security certificate, required documentation, and completed form(s) to your Schwab Service Center for processing.
East Coast:West Coast:
Charles Schwab & Co., Inc.
Attn: Document Control
1958 Summit Park Dr.
Orlando, FL 32810
Charles Schwab & Co., Inc.
MS PHXPEAK 01-1a319
Attn: Securities Operations
2423 East Lincoln Drive
Phoenix, AZ 85016
  1. Gather the following documentation:
    • The security certificate(s) with the back signed by at least one of the partners/members listed in the Certificate of Corporate Authorization to Transfer form (capacity/title must be after signature, i.e., John Doe, manager), endorsed exactly as registered, and with Charles Schwab & Co., Inc. listed as the attorney
    • For partnership accounts, the company’s Partnership Agreement Tooltip , meeting all required criteria
    • For LLC accounts, the company’s Limited Liability Company Operating Agreement, meeting all required criteria
    • A notarized Certificate of Corporate Authorization to Transfer form (obtained from your Schwab service team), in lieu of a Partnership Agreement or Limited Liability Company Operating Agreement. Complete all necessary fields. Ensure the “Partnership” box on the Certificate of Corporate Authorization to Transfer form is checked. The Certificate of Corporate Authorization to Transfer form requires a signature from the corporate officer/member. Corporate Authorization to Transfer form (capacity/title must be after signature, i.e., John Doe, manager).
  2. If the back of the stock certificate is not signed, complete the Irrevocable Stock or Bond Power form. The form must be signed by at least one of the partners/members listed in the Certificate of Corporate Authorization to Transfer form (capacity/title must be after signature, i.e., John Doe, manager).
  3. Mail the security certificate, required documentation, and completed form(s) to your Schwab Service Center for processing.
East Coast:West Coast:
Charles Schwab & Co., Inc.
Attn: Document Control
1958 Summit Park Dr.
Orlando, FL 32810
Charles Schwab & Co., Inc.
MS PHXPEAK 01-1a319
Attn: Securities Operations
2423 East Lincoln Drive
Phoenix, AZ 85016
  1. Gather the following documentation:
    • The security certificate(s) with the back signed by an authorized investor listed on the Investment Club Agreement or one of the trustee(s) listed in the profit sharing plan (capacity/title must be after signature, i.e., John Doe, trustee), endorsed exactly as it is registered, and with Charles Schwab & Co., Inc. listed as the attorney
    • For investment club accounts, the Investment Club Agreement, listing persons able to sign on behalf of the club
    • For profit sharing plans, a full copy of the profit-sharing plan notarized or with the company seal affixed
  2. If the back of the stock certificate is not signed, complete the Irrevocable Stock or Bond Power form.
  3. Complete all necessary fields.
  4. Repeat steps 2 and 3 for all securities.
  5. Print the form(s) and obtain an appropriate signature.
    • For investment club accounts, an authorized investor listed on the Investment Club Agreement
    • For profit sharing plans, one of the trustee(s) listed in the plan (capacity/title must be after signature, i.e., John Doe, trustee)
  6. Mail the security certificate and required documentation to your Schwab Service Center for processing.
East Coast:West Coast:
Charles Schwab & Co., Inc.
Attn: Document Control
1958 Summit Park Dr.
Orlando, FL 32810
Charles Schwab & Co., Inc.
MS PHXPEAK 01-1a319
Attn: Securities Operations
2423 East Lincoln Drive
Phoenix, AZ 85016

This process may be used to submit a deposit of restricted securities into a Schwab account (Schwab cannot accept third-party restricted stock for deposit):

  1. Ensure the restricted security is eligible for deposit at Schwab.
  2. Contact the Schwab Restricted Stock Team by phone at 877-804-3525 or by email at asrestrictedstockteam@schwab.com for assistance with documentation and obtaining necessary approvals.

Securities Operations does not govern this section:

You may need to forward a standing letter of authorization (SLOA)—required by Schwab—to allow your firm to take specific actions for securities for your client’s account. The SLOA gives the advisor variable instructions for the custodian on one or more elements of the disbursement such as:

  • Payee
  • Dollar amount or quantity of securities
  • Number and frequency of disbursements, either individual disbursements or recurring periodic disbursements

The SLOA needs to be on a Schwab form or generated via the Move Money tool on Schwab Advisor Center.

Once you have submitted the securities for deposit:

  • Your service team or the appropriate securities team at Schwab will process the information. 
  • If you have questions about depositing securities, contact your service team.

To select a form, go to the forms library on Schwab Advisor Center. 

Form: Certification of Trustee (Company Retirement Accounts)
Form: Intent Form for Restricted Stock
Form: IRA Rollover Designation
Form: Irrevocable Stock or Bond Power
Form: Second Name Letter/Name Change Form
Form: State of Israel Bonds Form, Assignment Separate from Bond–for Corporate
Form: State of Israel Bonds Form, Assignment Separate from Bond–Individual
Form: Supplemental Trust Account Application for Entity Trustees
Form: Third Party Release Form
Form: U.S. Government Form PD1832E

Can Schwab hold my clients' restricted stock certificates for future sales?
Yes. You can deposit your clients' restricted stock certificates with Schwab to hold for future sales, pending further instructions. Your client must complete the customer Intent Form for Restricted Stock.

Can securities in reorganization be accepted for deposit?
Yes; however, the trade settlement may be delayed.

How do I identify restricted stock when acquiring assets from another broker?
If the security is registered in street name, it may not be restricted. If physical certificates need to be sent to Schwab or if the certificates are registered in the client's name, they could be restricted. If you are unsure if a certificate is restricted, fax a copy of the front and back to the Schwab Restricted Stock Team at 877-255-2064 to review for clarification.

Can I deposit my clients' restricted stock certificates with Schwab to be held for future sale without paperwork?
Yes, but you will need the appropriate forms before entering a request to sell the shares or to deliver the shares to the transfer agent to remove the legend.

  • The transfer agent must remove the legend that restricts the way the stock can be sold as prescribed by the Securities Act of 1933.
  • The client must complete the Customer Intent Form and forward it along with the completed paperwork to the Schwab Restricted Stock Team.

What are the documentation requirements for estate account deposits of stock certificates?
The executor(s) must sign either the certificates or an Irrevocable Stock or Bond Power form to make securities negotiable. The transfer agent requires one original form for each company for which securities are being deposited. Securities Operations will need copy of death certificate, affidavit of domicile and letters of testamentary dated within 60 days.

Can I deposit penny stock certificates into my client's account?
Deposits and transfers of penny stocks generally are not allowed. All OTC securities, including penny stocks, are subject to risk evaluation screening prior to deposit. Contact your service team for additional information.

Will my clients receive notices directly from Schwab about missing security deposit documents? Yes. Your clients may receive notices about missing security deposit documents.

How do my clients roll over securities deposits to a retirement account? The process for doing this can be different for various scenarios. Refer to the article How to roll over assets to a Schwab account for more information.

How to roll over assets to a Schwab account
How to deposit funds and securities into an estate account