people did this last year and i think they pulled the 10k out right after the bonus posted.
Unless this is the exact same deal- that you went over the terms and conditions, i wouldnt state that, as its misleading. Ive looked at several brokers that offered similar deals, and then stated you must have it funded for a longer period of time after you receive the money/gift, or else they will revoke the amount given, or charge you full msrp of the gift.
Opened account on 3/13 and deposited 10k. Just got email today said they will credit $200 in 4-6 weeks. Easy $200, will withdraw all money after 6 months. Thank OP.
Update: 3/18 got $200. Pretty fast.
Here is the terms for $100 bonus, I think same as $200:
You must open a new ShareBuilder Account by 12/31/13 and deposit $5,000 or more to be eligible for this promotion. Total deposit must be completed by 2/14/14. ShareBuilder will deposit a $100 bonus approximately 4-6 weeks after your first $5,000 deposit. The $100 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRAs or ESAs. The $100 bonus is not available for withdrawal for 90 days after it is awarded to your account. Assets transferred into the account to qualify for this promotion must remain in the account (minus any losses related to trading or market volatility) for at least six (6) months or your award may be reclaimed by ShareBuilder. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder Account bonus per unique customer or custodial beneficiary. We reserve the right to terminate this offer at any time and to refuse or recover any promotion award if we determine that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of our Account Agreement have been violated. Offer expires 12/31/13.
Last edited by TranTX210; 03-18-2013 at 07:37 AM..
Reason: Added terms
I found a slew of similar bonuses, ranging up to $2,500 (if you've got a million $ to transfer). Just search a bit. I'd post links, but I don't know if it's OK to do so. But this one does seem to be one of the best returns for the amount transferred.
In case anyone had the idea to transfer investment management of 10K or larger over to Sharebuilder to meet the deposit requirement, it won't count. Took a bit for the phone rep to confirm this. However I was told if you deposit 10K and transfer your existing holdings of $500 or more you will receive $300 total.
In case anyone was wondering about multiple accounts for additional bonus. I asked about opening a second account, response below.
Your wife can certainly open an Individual Account on her own and qualify for the 200BPT bonus promotion. As you recall, new custodial, joint and individual accounts will get a $200 bonus after they make an initial $10K deposit. Multiple deposits are allowed and the deadline to get to that total is not until 02/14/14. The cash bonuses post roughly 4-6 weeks after the qualifications are met.
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