Charles Schwab Schwab One® $101 Bonus

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Charles Schwab : Schwab One®

$101

3.6

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

Limited Time Offer

How To Earn The Bonus

  1. Open a new Schwab One account at the url below or open a new taxable investment account using promo code "SCHWABSTARTERKIT".
  2. Within 30 days, Fund your account with a minimum of $50.
  3. 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.

Available in Your Area?

Yes

Monthly Fees?

No

Open Online?

Yes

Credit Pull?

Soft

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Apply Now

at Charles Schwab

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.

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
32 days
Requires
  • Min Balance

M1

M1 Invest

Bonus
up to $500
Account Type
Investment
Expires In
197 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.

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.

Share Your Thoughts or Questions

There have been 2 comments about the Charles Schwab Schwab One® $101 Bonus.

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Jon Snow

November 17, 2023

I received the bonus a few days after opening the account and canceled the stock orders so I can keep the bonus in cash.

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DANIEL TACKER

November 6, 2023

I signed up for this reward, was pretty easy to receive. I received $100 in stocks and just sold them for cash.

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