Are you looking for a Charles Schwab account bonus?
If so, you’re in the right place – we the details on two bonuses that are available from Charles Schwab and the right one for you will depend on your financial situation.
If you are looking to open a new account but are NOT transferring in a large sum (over $25,000) from another brokerage or bank, then you’ll want the first offer – the Schwab Starter Kit.
If you are looking to move from another brokerage, then the second transfer bonus will be the better fit for you.
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Charles Schwab $101 Starter Kit
If you’re looking to get a bonus for opening a Charles Schwab account and have at least $50, then this offer is the one for you.
To get this, open an account on the promotional page (linked below) and then fund it with at least $50 within the first 30 days. You will then receive a “Schwab Starter Kit” that includes $101 in stock split up between the top five stocks (“slices”) in the S&P 500.
The stocks are “Schwab Stock Slices,” which are simply fractional shares of stock, and you get them on the next trading day.
The slices you get will be the five largest companies, by market capitalization, in the S&P 500 when you open the account. The image we used above is from May 22nd, 2023 – it includes Microsoft, Amazon, NVIDIA, Apple, and Alphabet (Google).
(No expiration shown)
Charles Schwab Refer a Friend – up to $1,000
If you have some cash to deposit, or are transferring from another brokerage account, you’ll want the referral bonus instead of the stock slices above.
The Charles Schwab Referral bonus is up to $1,000.
To get this, open a new account with a referral link (here) and transfer into your account at least $25,000 within 45 days.
The bonus is based on how much you deposit:
- Fund with $25,000 – $49,999 – $100
- Fund with $50,000 – $99,999 – $300
- Fund with $100,000 – $499,999 – $500
- Fund with $500,000 or more – $1,000
The bonus award will be transferred into your account about a week after the 45 day period ends. Two clients in the same home can get this award as long as they open individual accounts.
(Charles Schwab does not, at this time, reimburse account transfer fees)
How does this compare?
If you want a Charles Schwab account, these are the best bonuses we know of. Charles Schwab is a respected brokerage and one that has earned his sterling reputation.
If you are looking for bonuses and brokerage agnostic, it’s comparable to others but there are higher dollar bonuses for new brokerage accounts.
TastyTrade has a bonus of up to $3,000 with the following schedule:
|Deposit Amount||Cash Bonus|
|$5,000 – $24,999||$100|
|$24,000 – $99,999||$500|
|$100,000 – $249,999||$2,000|
|$250,000 or more||$3,000|
Yieldstreet, while not a traditional brokerage, also offers a bonus of up to $500 when you deposit:
- Get $50 when you deposit $1,000 – $4,999.99
- Get $250 when you deposit $5,000 – $9,999.99
- Get $500 when you deposit $10,000+
Charles Schwab has a pretty solid bonus on a great product and service, but there are higher ones out there.
The post Charles Schwab Promotions: Starter Kit & $1,000 Referral Bonus appeared first on Best Wallet Hacks.