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frontpage Posted by devilZ • Apr 2, 2024
frontpage Posted by devilZ • Apr 2, 2024

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

for 5x S&P 500 Stock Slices

$101 Cash Bonus

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Deal Details
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).
  • 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.
 Thanks to community member devilZ for finding this deal.

Deal Instructions
  1. Open an account with Charles Schwab.
  2. Fund your account with a minimum of $50 within 30 days of opening the account to qualify.
  3. Once funded/verified, Charles Schwab will deposit $101 in cash bonus to your account to purchase your stock slices.
Schwab Starter Kit
  • $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.

Editor's Notes

Written by megakimcheelove | Staff
  • See full Terms & Conditions here 
  • Please see the original post for additional details & give the WIKI and additional forum comments a read for helpful discussion. 

Original Post

Written by devilZ
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
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).
  • 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.
 Thanks to community member devilZ for finding this deal.

Deal Instructions
  1. Open an account with Charles Schwab.
  2. Fund your account with a minimum of $50 within 30 days of opening the account to qualify.
  3. Once funded/verified, Charles Schwab will deposit $101 in cash bonus to your account to purchase your stock slices.
Schwab Starter Kit
  • $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.

Editor's Notes

Written by megakimcheelove | Staff
  • See full Terms & Conditions here 
  • Please see the original post for additional details & give the WIKI and additional forum comments a read for helpful discussion. 

Original Post

Written by devilZ

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Top Comments

jennfior
180 Posts
22 Reputation
"Charles schwab is like silicon valley bank with outdated investment strategy which can collapse anytime"

Based on...? Source please.
eric_cartman
1262 Posts
211 Reputation
What a bunch of nonsense.
Wulfrax
1224 Posts
330 Reputation
From the terms, just for everyones awareness:
The cash bonus will be reported on your Form 1099-INT. Any related taxes are your responsibility.

103 Comments

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Pro
Apr 13, 2024
2,686 Posts
Joined Sep 2011
Apr 13, 2024
E4300
Pro
Apr 13, 2024
2,686 Posts
Quote from CleverChicken951 :
Tried this
But appears promotions run only during Fall, Aug or after
The $1000 promo should be active if you deposit a total of $1M within 60 days.
Apr 14, 2024
1,224 Posts
Joined Nov 2011
Apr 14, 2024
Wulfrax
Apr 14, 2024
1,224 Posts
Because of all Schwabs "technical difficulties" over 1 week of trying to connect a bank account with no success, I caved in and deposited a $50 check. Took 1 day to deposit and immediately got email that I met the requirements for the free $101. Next 8pm run and I got the $101. Cancelled slice buys and will pull it all out now.

Basically got paid $101 to deal with all that frustration. Thanks Schwab.
Apr 15, 2024
1,036 Posts
Joined Dec 2011
Apr 15, 2024
Olafur
Apr 15, 2024
1,036 Posts
Quote from Olafur :
Please correct me if I'm wrong but I think that debit card is only for Schwab Bank, not Schwab Brokerage. This deal is for Schwab Brokerage, which provides a different debit card without that benefit. Is that correct?
I'm going to reply to my own post with some new information I learned.

Someone informed me that Schwab Brokerage's debit card actually does have identical benefits as Schwab Bank's, including the reimbursement of all ATM fees. They pointed to a discussion in this thread [bogleheads.org] in the Bogleheads investing forum. I have no reason to believe that multiple people in that thread would lie about the benefits of the Brokerage debit card. But the strange thing is that I cannot find the Brokerage debit card agreement so I can't verify the claims being made in that thread. The Bank debit card agreement I found easily with an internet search.

If anyone has a copy of the Schwab Brokerage debit card agreement, could you share a link to it?

There's also a Reddit thread [reddit.com] where a Schwab Brokerage user claimed to have suddenly received that card without asking for it. That's a little worrying.
Apr 15, 2024
1,224 Posts
Joined Nov 2011
Apr 15, 2024
Wulfrax
Apr 15, 2024
1,224 Posts
Quote from Vice_Monkey :
Cancelled my orders last night. Have 151 in my account, will only let me transfer out 101, due to some hold on the original 50 that hopefully will be released soon.
Interesting, were you able to take the $50 out now?

I was reading all the terms and couldn't find anywhere mentioning you had to keep any money in the account for this deal. Seems like you should be able to just do the deal and take it all out right away if you want.
Apr 15, 2024
481 Posts
Joined Dec 2016
Apr 15, 2024
foefive
Apr 15, 2024
481 Posts
Quote from Wulfrax :
Interesting, were you able to take the $50 out now?

I was reading all the terms and couldn't find anywhere mentioning you had to keep any money in the account for this deal. Seems like you should be able to just do the deal and take it all out right away if you want.
This is what I did. Signed up > deposited right away > Got the $101 a few days later > cancelled the orders, but put all of the money into a stock > sold the stock after making a couple dollars, just so I had at least a record of using the account > withdrew after funds settled > chatted on Fri to close account > got an email saying my account closure request was under review and would take 3 business days > waiting.
Apr 16, 2024
481 Posts
Joined Dec 2016
Apr 16, 2024
foefive
Apr 16, 2024
481 Posts
Account closure completed.
Apr 30, 2024
883 Posts
Joined Dec 2015
Apr 30, 2024
selfwriteclick
Apr 30, 2024
883 Posts
Anyone know when this promotion ends?

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May 8, 2024
2,183 Posts
Joined Dec 2004
May 8, 2024
Mungo
May 8, 2024
2,183 Posts
Opened a Schwab account before my TD Ameritrade accounts transfers over. Hope I get the bonus.
May 9, 2024
420 Posts
Joined Jun 2019
May 9, 2024
CleverChicken951
May 9, 2024
420 Posts
Quote from Mungo :
Opened a Schwab account before my TD Ameritrade accounts transfers over. Hope I get the bonus.
If it doesn't automatically, consider calling Schwab customer support, they will be able to add promotion to account in the backend
Jun 20, 2024
1,142 Posts
Joined Jan 2016
Jun 20, 2024
Parad153
Jun 20, 2024
1,142 Posts
Is this deal still available? I cannot find this promotion on schwab website

Edit: Nevermind. It's showing on mobile not on PC
Last edited by Parad153 June 20, 2024 at 12:46 PM.
Dec 20, 2024
169 Posts
Joined Jan 2014
Dec 20, 2024
greatwolf
Dec 20, 2024
169 Posts
Can this starter kit promo be combined in conjunction with the referral bonus?
Jan 9, 2025
1,010 Posts
Joined Oct 2004
Jan 9, 2025
GenerationSlick
Jan 9, 2025
1,010 Posts
I signed up a week ago and I got the bonus this week. Thanks!
Feb 24, 2025
627 Posts
Joined Jul 2016
Feb 24, 2025
0nth3sp3ctrum
Feb 24, 2025
627 Posts
How is this different from tos
Last edited by 0nth3sp3ctrum February 24, 2025 at 03:26 PM.

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