You see this? Schwab is changing the way we reflect open orders within balances
We’d like to make you aware of an upcoming change in the way Schwab reflects balances in your account(s). On May 12th, trading and move money balances will reflect open orders.
What this means for you. Balances will reflect open orders that, if executed, would decrease funds available for trading or cash withdrawal. Please take this into consideration when placing future orders.
What is the purpose of that? If the order is open but not executed why would they be deducting it from your balance? I use multiple orders daily - sometimes well below the current price just for luck sake. By doing this it will drain my balance.
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