Upgrade Your Vanguard Brokerage Account to a Vanguardadvantage

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Form VAACFPC 2. VanguardAdvantage Account Options Check the option(s) you want. ■ VanguardAdvantage Visa ® Gold Debit Card. Use of the card is subject to the terms and conditions of the VanguardAdvantage Account Services Agreement in the enclosed VanguardAdvantage Disclosures Booklet. ■ VanguardAdvantage Billpay ® . This option allows you to pay bills online through our secure website, as well as receive bills electronically. Use of the Billpay service and fees associated with it are subject to the terms and conditions of the VanguardAdvantage Account Services Agreement. ■ Overdraft protection through a margin account (available only if you are approved for margin trading and are not a minor). Important: Do not check this box if you have already been approved for margin trading in the Vanguard Brokerage account you are upgrading. You will receive overdraft protection automatically. This option is available for transactions made by check, by Visa Gold debit card, and through Billpay. The amount of your overdraft protection depends on the market value of the eligible securities in your account. If the market value of the securities in your margin account declines, or the check, debit card, or Billpay transactions in your account result in an overdraft situation, you may be required to deposit more money or securities. If you do not do so, Vanguard Brokerage may be required to sell all or a portion of your assets. By checking this box, you indicate that you understand and have carefully considered the risks associated with margin, and recognize that overdraft protection is subject to the terms and conditions listed in the Vanguard Brokerage Margin Account Agreement in the enclosed VanguardAdvantage Disclosures Booklet. Liquid net worth cash, securities, etc. $ Total net worth excluding residence $ Approximate annual income* $ Number of dependents excluding account owners *Trustees should indicate the total of the trust’s annual income and any nontrust income. 2 of 4
Form VAACFPC 3. Authorization of All Account Owners Sign here. All those listed in Section 1 (except minors) must sign exactly as the account is registered. If additional signatures are required, attach an additional sheet. If you do not have a postage-paid envelope, mail to: For registered or certified mail, or overnight delivery, mail to: > > > Read the points in this section carefully, and sign below exactly as listed in Section 1. By signing this Brokerage Account Upgrade to VanguardAdvantage Account Application Agreement (Application Agreement), You acknowledge that: VanguardAdvantage Account Services Agreement You consent and agree to be bound by all terms and conditions of the VanguardAdvantage Account Services Agreement in the Disclosures Booklet, and acknowledge receipt of a copy of such agreement. You acknowledge that Vanguard reserves the right to revoke checkwriting and debit card privileges at any time without prior notice. You have read and accept the most recent Vanguard Brokerage Services Commission and Fee Schedules, which You agree may be changed by Vanguard Brokerage from time to time. VanguardAdvantage Checkwriting Privileges You acknowledge that the VanguardAdvantage account allows You to write checks (subject to the conditions listed in the VanguardAdvantage Account Services Agreement) to redeem any amount of Your available balance. You further acknowledge that Your name and address will appear on Your checks exactly as they appear on Your VanguardAdvantage account registration, and that Your check range will begin with number 101. You understand that VanguardAdvantage checks will replace any existing checks for Your money market settlement account. Once You receive Your VanguardAdvantage checkbook, You will destroy any existing checks. Note: Only one signature is required on the checks—even if Your VanguardAdvantage account is set up to require more than one signature. See Section 5 of the VanguardAdvantage Account Services Agreement for more details. Margin Agreement Important: This applies to account owners who have applied for overdraft protection through margin on their accounts. 1. You are applying for authorization to borrow money from Vanguard Brokerage Services using Your assets as collateral. By signing this Account Application, You acknowledge that You have received and read a copy of the Vanguard Brokerage Margin Account Agreement (Margin Agreement), Margin Disclosure of Credit Terms and Policies, and the Initial Margin Risk Disclosure Statement. Please read all of these enclosed documents carefully. 2. You acknowledge receiving a copy of the Margin Agreement. The Margin Agreement contains a predispute arbitration clause highlighted in sections 9 and 10 on page 2. By signing this Account Application, You agree to be bound by the terms of the Margin Agreement. Account Owner’s Signature Date mm/dd/yyyy Joint Account Owner’s Signature Date mm/dd/yyyy Mailing Information Mail your completed form and any attached information in the enclosed postage-paid envelope. Important: Return only pages 1–3 of this form. Vanguard Brokerage Services P.O. Box 1170 Valley Forge, PA 19482-1170 Vanguard Brokerage Services 455 Devon Park Drive Wayne, PA 19087-1815 3 of 4
Page 1 and 2: What’s inside: Commission and Fee
Page 3 and 4: Vanguard Brokerage Services Commiss
Page 5 and 6: Mutual funds from other companies:
Page 7 and 8: Fees for other services VanguardAdv
Page 9: Form VAACFPC Brokerage Account Upgr
Page 13 and 14: Vanguard Brokerage Margin Account A
Page 15 and 16: Vanguard Brokerage Services reserve
Page 17 and 18: When you upgrade to a VanguardAdvan
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Page 21 and 22: “Billpay Transaction” means any
Page 23 and 24: 4 of 31 3.2.2 You authorize Vanguar
Page 25 and 26: 3.6 Foreign Transactions. 6 of 31 3
Page 27 and 28: 5.5 Check Transactions. Checks can
Page 29 and 30: 10 of 31 You may have the right to
Page 31 and 32: 6.3 Payment Authorization and Payme
Page 33 and 34: 6.13 Returned Payments. In using th
Page 35 and 36: 16 of 31 The PIN is wrong after thr
Page 37 and 38: 8.7 Our Liability for Failure to Co
Page 39 and 40: 20 of 31 11.7 Termination of Accoun
Page 41 and 42: 4. Liquidation Whenever it is neces
Page 43 and 44: 10. Arbitration Agreement You agree
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Page 47 and 48: VBS can sell Your Securities and Ot
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Upgrade Your Vanguard Brokerage Account to a Vanguardadvantage

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