Tastyworks is offering new customers up to $250 in stocks when you open a new non-IRA brokerage account and fund the account with at least $2,000. Specifically, they state that five shares of a single stock will be randomly selected by tastyworks from a list of stocks priced between $40 and $50 USD, putting the total value ranging between $200 and $250.
They recently offered a $200 - $500 cash bonus, so this feels like a bit of a let down; however, if you don't want to roll the dice in September when this current promotion ends, it's still a solid deal to act on now.
Existing customers are eligible as well, but only if they haven't previously funded their account.
This welcome bonus is in addition to other account perks, like reduced fees when you make larger trades.
How To Earn The Bonus
The Tastyworks Investment Account promotion requires you to deposit and maintain a minimum balance in order to earn the $250 bonus.
Full requirements to receive this bonus are:
- Open a new Tastyworks brokerage account using promocode "STOCK_AWARD_2022". (IRA and Trust accounts are not eligible)
- Make initial funding deposits totaling $2,000 or more.
- The Stock Bonus will be posted approximately 1 week from the time the initial deposits have settled.
Open an Investment Account before the bonus expires on August 31, 2022
The fine print
- The Promotion begins at 12:00am CST on 03/01/2022 and ends at 11:59pm CST on 08/31/2022.
- Must use the Referral Code "STOCK_AWARD_2022" in the REFERRAL CODE FIELD when applying for an eligible account.
- The Promotion offer is not valid for customers who have an existing funded tastyworks brokerage account, or customers who had a funded tastyworks brokerage account prior to the start of the Promotional Period (03/01/2022)
- The initial minimum funding amount of $2,000 deposited into Qualified Customer’s Qualified Account, plus the initial value of the Stock Bonus received (less any losses on the stock value) are required to remain in Qualified Customer’s Qualified Account for a minimum of three (3) months starting the day the Stock Bonus is credited to the Qualified Account, subject to extension from date of entry, before withdrawal in order for Qualified Customer to receive the value of the Stock Bonus (“Three Month Period”).
- The value of Stock Bonus the Qualified Customer receives will be credited to their Qualified Account upon deposit but will be debited out of Qualified Customer’s Qualified Account if the Three-Month Period requirement is not met.
- Stock Bonus will not be included in the Qualified Account’s buying power until the end of the Three-Month Period.
- Qualified Customers can sell the stocks included in their Stock Bonus once deposited into their Qualified Account, but the proceeds will be subject to the foregoing Three Month Period requirement and cannot be withdrawn until the end of the Three Month Period.
How does this investment offer from Tastyworks compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Ally
Ally Invest
- Bonus
- up to $3000
- Account Type
- Investment
- Expires In
- 51 days
- Requires
- Min Balance
J.P. Morgan
Self-Directed Investing
- Bonus
- up to $625
- Account Type
- Investment
- Expires In
- 61 days
- Requires
- Min Balance
Tradestation
Securities or Crypto Account
- Bonus
- up to $150
- Account Type
- Investment
- Expires In
- Limited Time
- Requires
- Min Balance
Why Tastyworks?
Tastyworks is a do-it-yourself investing platform that encourages investors to take control of their own portfolios rather than letting stockbrokers or Robo-advisors do the work. The company offers low commission trading on stocks, ETFs, futures and provides retirement and corporate accounts.
Investment Account
Fees
Investment Account does not charge a monthly fee.