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frontpagedevilZ posted Apr 02, 2024 12:00 AM
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frontpagedevilZ posted Apr 02, 2024 12:00 AM

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
202 Posts
26 Reputation
"Charles schwab is like silicon valley bank with outdated investment strategy which can collapse anytime"

Based on...? Source please.
eric_cartman
1395 Posts
223 Reputation
What a bunch of nonsense.
Wulfrax
1327 Posts
354 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 03, 2024 10:52 PM
3,569 Posts
Joined Jan 2010
ZeloApr 03, 2024 10:52 PM
3,569 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 03, 2024 11:06 PM
27 Posts
Joined Dec 2016
BTreeApr 03, 2024 11:06 PM
27 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 04, 2024 01:02 AM
447 Posts
Joined Jun 2019
CleverChicken951Apr 04, 2024 01:02 AM
447 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 04, 2024 01:04 AM
1,395 Posts
Joined Nov 2007
eric_cartmanApr 04, 2024 01:04 AM
1,395 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 04, 2024 01:28 AM
515 Posts
Joined Dec 2011

This comment has been rated as unhelpful by Slickdeals users.

Apr 04, 2024 02:35 AM
3,569 Posts
Joined Jan 2010
ZeloApr 04, 2024 02:35 AM
3,569 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 04, 2024 03:17 AM
65 Posts
Joined Jul 2015

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Apr 04, 2024 03:52 AM
3,310 Posts
Joined Nov 2013
mrwhitewalkerApr 04, 2024 03:52 AM
3,310 Posts
Cant seem to find anything on how long you have to keep the stocks or cash before you can just withdraw
Apr 04, 2024 04:06 AM
1,784 Posts
Joined Oct 2009
dealnabberApr 04, 2024 04:06 AM
1,784 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 04, 2024 06:38 PM
237 Posts
Joined Jan 2009
funnymanApr 04, 2024 06:38 PM
237 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 04, 2024 06:56 PM
1,545 Posts
Joined Apr 2014
DayaOApr 04, 2024 06:56 PM
1,545 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 05, 2024 04:22 AM
44 Posts
Joined Feb 2015
OsoPolarApr 05, 2024 04:22 AM
44 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 05, 2024 09:54 PM
139 Posts
Joined Dec 2018
FanFanFan1Apr 05, 2024 09:54 PM
139 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 06, 2024 12:10 AM
351 Posts
Joined Feb 2014
slickdicksApr 06, 2024 12:10 AM
351 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 06, 2024 02:05 AM
515 Posts
Joined Dec 2011
keep-them-comingApr 06, 2024 02:05 AM
515 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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