Charles Schwab Starter Kit Offer: New Investors Open/Fund Account w/ $50+, Get

Original Post

This bonus went away and now its back! New Charles Schwab investors can get $101 of stock slices after depositing $50 or more within 30 days.

Schwab Starter Kit [schwab.com]

The Schwab Starter Kit™ offer is only available to eligible new customers. To be eligible to receive the $101 cash bonus, you must be an individual who does not have a Charles Schwab & Co., Inc. ("Schwab") account (other than a Schwab Stock Plan Services account) and who: (1) opens a Schwab One individual taxable retail brokerage account and (2) deposits at least $50 into that account within 30 days of enrolling in the offer (only outside assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services are excluded).

The Schwab Starter Kit is intended to help you start investing. So with this offer, when you open your brokerage account, you will instruct Schwab to use the $101 cash bonus to place orders for you in the future to buy $20.20 fractional shares of each of the top 5 fractional shares by market capitalization in the S&P® 500 Index through Schwab Stock Slices™ (unless the orders are cancelled by you—see details below). The top 5 stocks will change from time-to-time. To see the top 5 fractional shares at any time, go to www.schwab.com/starterkit.

By agreeing to these terms and conditions you also agree to the Schwab Stock Slices Terms and Conditions, which you should review.

After you enroll in the offer, here's what will happen:

Two business days after your account is opened, Schwab will begin checking for qualifying deposits every business day. Once your qualifying deposit has been received, Schwab will credit the $101 cash bonus to your brokerage account at approximately 6:00 p.m. Eastern Time the next trading day. (If you make your qualifying deposit after 8:30 p.m. Eastern Time, Schwab will credit the $101 cash bonus at approximately 6:00 p.m. Eastern Time two trading days later.)
Schwab will send you an email about your 5 trade orders the night before the orders are placed.
Schwab will place the 5 orders for you ($20.20 fractional share orders for each of the top 5 stocks in the S&P 500) at approximately 8:00 p.m. Eastern Time the day the cash bonus is credited to your account, provided you maintain at least $50 in your brokerage account at that time.
You will have a short period of time (from approximately 8:00 p.m. Eastern Time until approximately 9:25 a.m. the next trading day) to cancel the orders.
To cancel the orders, you will need to go to the Order Status page on schwab.com or on any of Schwab's other trading platforms or call a Schwab representative at 800-435-4000.
If you cancel your orders, you will keep the $101 cash bonus and can save or invest it however you want.
If you take no action, the orders will be executed shortly after market open the next trading day. You will then see the fractional shares reflected in your account and Schwab will send you trade confirmations for the trades.