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frontpage Posted by devilZ • Apr 2, 2024
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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

Community Voting

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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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Apr 3, 2024
3,450 Posts
Joined Jan 2010
Apr 3, 2024
Zelo
Apr 3, 2024
3,450 Posts
Quote from boazb :
My son has become interested in learning about investing in stocks. Is there a minimum age requirement for this?
I'm also interested in this but for my niece and nephew. I'm not interested in a 529 plan, just want to get them the initial $101 and let it sit there for over a decade until they turn 18.
Apr 3, 2024
25 Posts
Joined Dec 2016
Apr 3, 2024
BTree
Apr 3, 2024
25 Posts
I had an individual brokerage account with Schwab and closed that account. Will I be eligible for this offer if I open now?
1
Apr 4, 2024
420 Posts
Joined Jun 2019
Apr 4, 2024
CleverChicken951
Apr 4, 2024
420 Posts
Quote from Zelo :
I'm also interested in this but for my niece and nephew. I'm not interested in a 529 plan, just want to get them the initial $101 and let it sit there for over a decade until they turn 18.
1099 Int will be generated and it has to reflect on tax filing.
1
Apr 4, 2024
1,262 Posts
Joined Nov 2007
Apr 4, 2024
eric_cartman
Apr 4, 2024
1,262 Posts
Quote from JollyBanana2146 :
Trading app also have lot of security flaws. Plus its highly unethical company. Charles schwab is like silicon valley bank with outdated investment strategy which can collapse anytime
What a bunch of nonsense.
Apr 4, 2024
505 Posts
Joined Dec 2011

This comment has been rated as unhelpful by Slickdeals users.

Apr 4, 2024
3,450 Posts
Joined Jan 2010
Apr 4, 2024
Zelo
Apr 4, 2024
3,450 Posts
Quote from CleverChicken951 :
1099 Int will be generated and it has to reflect on tax filing.
Thanks I think I'll pass then.
3
Apr 4, 2024
60 Posts
Joined Jul 2015

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Apr 4, 2024
3,308 Posts
Joined Nov 2013
Apr 4, 2024
mrwhitewalker
Apr 4, 2024
3,308 Posts
Cant seem to find anything on how long you have to keep the stocks or cash before you can just withdraw
Apr 4, 2024
1,657 Posts
Joined Oct 2009
Apr 4, 2024
dealnabber
Apr 4, 2024
1,657 Posts
Quote from DayaO :
Currently with sofi holding 100 Tesla stocks but didn't realize sofi doesn't offer L2 investing
As a fellow Tesla stockholder throughout this year, I'd like to offer you my condolences. I've been feeling the pain. 100 shares has to be extra brutal.
1
Apr 4, 2024
235 Posts
Joined Jan 2009
Apr 4, 2024
funnyman
Apr 4, 2024
235 Posts
Quote from DayaO :
I m looking for new platform besides fidelity and Merrill edge. Currently with sofi holding 100 Tesla stocks but didn't realize sofi doesn't offer L2 investing, I want to do some covered calls and collect premiums. I want to transfer over my stocks from sofi to this ...sofi charges $75 fee for that. Is this a good transfer option for what I want to achieve? Essentially erase the transfer fee or there are other better options??
Thanks in advance 🙏
Perhaps You can close your Tesla position, Do a hopefully free ACH money transfer to your bank then open a new brokerage account and maybe get some bonus in the process too. And leave the sofi account empty or close.
Apr 4, 2024
1,537 Posts
Joined Apr 2014
Apr 4, 2024
DayaO
Apr 4, 2024
1,537 Posts
Quote from funnyman :
Perhaps You can close your Tesla position, Do a hopefully free ACH money transfer to your bank then open a new brokerage account and maybe get some bonus in the process too. And leave the sofi account empty or close.
I actually transferred my stocks to eTrade...they have $150 bonus offer for transfer from 1k-50k. So it pays for $75 sofi fee plus mm another $75...I get to keep my stocks without selling and re-buying, no worries for tax implications. It was win-win situation, now I m able to open covered call positions, although TSLA is puking now a days, I m in for long haul 🙏
Apr 5, 2024
43 Posts
Joined Feb 2015
Apr 5, 2024
OsoPolar
Apr 5, 2024
43 Posts
After clicking "Open an account" button the next page says:
Quote :
"We're unable to accept this offer or referral code.
You can check the link and try again or call us at 866-855-9102 to get help.
It allow to proceed with opening the account but I have doubts the offer will work...
Apr 5, 2024
135 Posts
Joined Dec 2018
Apr 5, 2024
FanFanFan1
Apr 5, 2024
135 Posts
Quote from enforcer2133 :
I believe that's how I signed up. Got the ATM/debit card and fees are waived. Got the stock and profited, also.
I just chatted with a Charles Schwabb rep. He told me that the Schwab Starter kit does not come with the high investor checking account. The high investor checking account is paired with another brokerage account, and not the starter kit
Apr 6, 2024
279 Posts
Joined Feb 2014
Apr 6, 2024
slickdicks
Apr 6, 2024
279 Posts
"For your protection, we need to verify your identity before proceeding. Please call 888-999-4512 for assistance."

Can't log in. Created account 3 days ago and deposit was supposed to go through today. Feeling sorry I bothered with this "deal."
2

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Apr 6, 2024
505 Posts
Joined Dec 2011
Apr 6, 2024
keep-them-coming
Apr 6, 2024
505 Posts
Quote from slickdicks :
"For your protection, we need to verify your identity before proceeding. Please call 888-999-4512 for assistance."

Can't log in. Created account 3 days ago and deposit was supposed to go through today. Feeling sorry I bothered with this "deal."
I know. It was stupid lol

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.

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