Charles Schwab has a bonus targeting new or entry-level investors in what they call the Schwab Starter Kit™, but new customers of all comfort levels can qualify. When you open a new account for this promo, Schwab will invest your bonus in fractional shares or "slices" of the top stocks by market cap in the S&P 500. Schwab recently upped this bonus from $50 at its previous level. It's a great way to start investing!
How To Earn The Bonus
The Charles Schwab Schwab One® promotion requires you to deposit and maintain a minimum balance in order to earn the $101 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- The Schwab Starter Kit™ offer is only available to eligible new customers.
- The Schwab Starter Kit is intended to help you start investing. When you open your brokerage account, Schwab will place the 5 orders for you ($10 fractional share orders for each of the top 5 stocks in the S&P 500) at approximately 8:00 pm 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 pm Eastern Time until approximately 9:25 am the next trading day) to cancel the orders.
Open a Schwab One® account before the bonus expires
How does this investment offer from Charles Schwab compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
J.P. Morgan
Self-Directed Investing
- Bonus
- up to $700
- Account Type
- Investment
- Expires In
- 67 days
- Requires
- Min Balance
Tradestation
Brokerage Account
- Bonus
- up to $3500
- Account Type
- Investment
- Expires In
- Limited Time
- Requires
- Min Balance
Why Charles Schwab?
Charles Schwab is one of the industry's top brokerages, catering to investors of all types. They offer a wide range of investment accounts, including tax-sheltered IRAs, taxable brokerages, automated and managed portfolios, trusts and charitable accounts. Under their Charles Schwab Bank umbrella, they also offer traditional banking products, including their High Yield Investor Checking account that you can link to your Schwab One brokerage account.
Investors that are just starting out appreciate the $0 account minimum. For active traders, the company offers $0 commissions for stock, options and ETF trades. Both camps will appreciate trading platforms that span desktop, web and mobile, and offer as many or as few tools as you're comfortable.
Learn more in our Charles Schwab review
Schwab One®
No minimum balance, no monthly fees, $0 equity commissions, a wide variety of investment vehicles (IRAs, taxable accounts, guided portfolios), PLUS a bonus on top? No brainer.
Fees
Schwab One® does not charge a monthly maintenance fee.
Apply now for a Schwab One® account to earn the $101 bonus offer
Share Your Thoughts or Questions
There have been 2 comments about the Charles Schwab Schwab One® $101 Bonus.
Jon Snow
November 17, 2023I received the bonus a few days after opening the account and canceled the stock orders so I can keep the bonus in cash.
ReplyReply to Jon Snow
DANIEL TACKER
November 6, 2023I signed up for this reward, was pretty easy to receive. I received $100 in stocks and just sold them for cash.
ReplyReply to DANIEL TACKER
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