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.
Full requirements to receive this bonus are:
- Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
- Within 30 days, Fund your account with a minimum of $50.
- Once funded, Schwab will deposit $101 in your account to purchase your stock slices at approximately 6:00 pm Eastern Time the next trading day.
Open a Schwab One® account before the bonus expires
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.
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
- 10 days
- 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 fee.
Apply now for a Schwab One® account to earn the $101 bonus offer