Updated by Chandler Julian
You can pay off your retirement plan loan by sending in a check for the payoff amount (remaining principal + accrued interest) to the plan’s custodial account at Charles Schwab Bank. Once the check has arrived, we will process your loan payoff and you will see the update reflected in your online account. Your payoff amount can be found in your online retirement account or by contacting us for a payoff quote.
If you're paying off your loan by check, use the following check payable and mailing instructions...
Make Check Payable To: Charles Schwab Bank, Acct # [Your Plan's Account Number],FBO [Your First & Last Name]
Regular Mailing Address: Charles Schwab Bank, P.O. Box 81686, Austin, TX 78708
Overnight mailing address: Charles Schwab Bank, 2309 Gracy Farms Ln. Austin, TX 78758
You will need to contact us for your plan's account number.