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Charles Schwab Starter Kit Offer: New Investors Open/Fund Account w/ $50+, Get
$101 Cash Bonus
for 5x S&P 500 Stock Slices
Charles Schwab offers New Schwab Investors: Charles Schwab Investing 101 Starter Kit when you open a Schwab account and fund the account with a minimum of $50 (within 30 days), get $101 cash bonus to purchase stock slices (fractional shares of the top five stock by market cap in the S&P 500).
Deal Instructions
- Note: Offer is valid for new Schwab Members only who enroll/fund their accounts w/ a minimum of $50 to receive $101 in cash bonus to purchase stock slices. Fractional share (stock slice) is when you own less than one whole share of a company.
Deal Instructions
- Open an account with Charles Schwab.
- Fund your account with a minimum of $50 within 30 days of opening the account to qualify.
- Once funded/verified, Charles Schwab will deposit $101 in cash bonus to your account to purchase your stock slices.
- $101 of Schwab Stock Slices: Get $101 and an easy way to buy fractional shares of the top five stock by market cap in the S&P 500
- Note: Top five stocks will change from time to time. Fractional share (stock slice) is when you own less than one whole share of a company.
- Investing Education: Unlock short videos and step-by-step guides to get the 101 on investing.
- Tools and Resources: Easy-to-use tools and budget planners, plus investment professionals on standby 24/7 if you ever have a question.
Original Post
Written by
Edited April 1, 2024
at 05:34 PM
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 Kitâ„¢ 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.
Schwab Starter Kit [schwab.com]
The Schwab Starter Kitâ„¢ 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.
Created 04-01-2024
at 05:00 PM
by devilZ
in
Finance
(7)
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Based on...? Source please.
The cash bonus will be reported on your Form 1099-INT. Any related taxes are your responsibility.
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I did not find any way to limit information sharing(selling) from their website, and I spent 20 minutes looking.
I hated it too.
I called in and now I am able to login.
I still can't fund because they have some issues (forgot the exact error message).
Will try again tomorrow to fund money.
Bruh. Making this free account literally turned me off to Schwab entirely.
I've had the account for 5 days now.
Every time I try to login, it forced me to CALL them and wait on hold for a special security code.
For 5 entire business days I cannot connect an external bank account to fund anything. It simply says "Technical Error, please try again later or call us". I caved and called them twice. Today they said idk your account looks fine. They gave me the phone number to a 3rd party they use to do bank account verification. I call this other place, and there is a voicemail message that says they are overwhelmed with calls and to try again at a later time.
R—I—D—I—C—U—L—O—U—S
Login issues. Constantly need to call Schwab. Uses 3rd parties for core pieces of their website.
Nah. Total garbage company. Would never ever trust my money with them.
Sign up for a Slickdeals account to remove this ad.
I've had the account for 5 days now.
Every time I try to login, it forced me to CALL them and wait on hold for a special security code.
For 5 entire business days I cannot connect an external bank account to fund anything. It simply says "Technical Error, please try again later or call us". I caved and called them twice. Today they said idk your account looks fine. They gave me the phone number to a 3rd party they use to do bank account verification. I call this other place, and there is a voicemail message that says they are overwhelmed with calls and to try again at a later time.
R—I—D—I—C—U—L—O—U—S
Login issues. Constantly need to call Schwab. Uses 3rd parties for core pieces of their website.
Nah. Total garbage company. Would never ever trust my money with them.
My TDA SEP IRA was pushed out to Schwab last year. Reason...we no longer want to maintain SEP at TDA. No problemo...Fidelity gladly accepted the $, and deposited $1000 bonus to the account.
It doesn't two days later unless you withdrawal the money
I want to help get my nieces and nephews started early with investing, compound interest and all that
I want to help get my nieces and nephews started early with investing, compound interest and all that
Lots of resources out there. You could browse here to learn about any topic. https://www.fidelity.co
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They are under 18 so won't be able to open an account by themselves. You could open a custodial account for them, but I don't think that's one of the qualified accounts for the bonus...please double check the terms in case I have misread it.