[May 04, 2012]

Charles Schwab Enhances Mobile Offerings with Schwab Bank Bill Pay™ Feature

Continuing its rollout of convenient on-the-go banking solutions for investors, Schwab today announced the release of Schwab Bank Bill Pay™ for iPad, iPhone (News - Alert) and Android. The new Bill Pay feature allows Schwab Bank clients to make, edit, monitor and cancel payments from their mobile and iPad devices. The remote bill pay option also enables Schwab Bank clients to add and edit new payees and billers through the Schwab mobile apps.

(Photo: Business Wire)

"We heard loud and clear from our clients that having access to bill pay on the go is important to them, so we prioritized making this capability available," said Diane Russell, Charles Schwab senior vice president of platform and product management. "More than half a million Schwab Bank clients are currently enrolled in Schwab Bank Bill Pay™ through Schwab.com, and the ability to now use Schwab Bank Bill Pay™ on their mobile apps will significantly increase the convenience for clients."

In addition to features above, Schwab Bank clients will also have the following capabilities on their mobile devices:

• View, pay and file e-bills (electronic versions of bills that can be sent via the Bill Pay system instead of or in addition to receiving a paper bill)
• View auto and recurring payments
• View payment status

"At Schwab, we strive to offer the most comprehensive mobile offering in the industry and our dedication to anytime, anywhere investing and banking solutions is of course a critical part of that effort," said Russell.

For more information, visit www.schwab.com/mobile.

About Charles Schwab

The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 300 offices and 8.6 million client brokerage accounts, 1.52 million corporate retirement plan participants, 801,000 banking accounts, and $1.83 trillion in client assets as of Mar. 31, 2012. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Independent investment advisors are not owned, affiliated with or supervised by Schwab. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com. (0412-2907)

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Apple (News - Alert), the Apple logo, iPad, and iPhone are trademarks of Apple Inc. registered in the U.S. and other countries.

Android is a trademark of Google (News - Alert) Inc. Use of this trademark is subject to Google Permissions.

Usage information based on internal data.

Mobile deposit is subject to limitations and other conditions. Standard hold policies apply. Schwab Mobile Deposit service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed and standard hold policies apply.

Requires a wireless signal or mobile connection.

Charles Schwab & Co., Inc. and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc., member SIPC. Deposit and lending products and services are offered by Schwab Bank, member FDIC and an Equal Housing Lender.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50265364&lang=en

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