The Final, Definitive Thread on Brokerage Transfer Bonuses

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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

PSTAR7 wrote: Sat Sep 04, 2021 7:04 pm Schwab offered me $1,300 on a $500k transfer. I did an online chat and they responded with a call 3 days later.
I just got $600 on 250k added to an existing account from them. They mentioned their advisory service but immediately backed off when I declined. Taxable brokerage+futures account.

The negotiation was easy. The guy even called me a second time after I didn't return his initial call for one week.
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pre
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by pre »

Did a quick search and didn't see this mentioned previously, but TD Ameritrade added a "Promotions" section where folks can verify which offer your account is enrolled for.

I did a transfer earlier in the year and noticed it, so it's been there for a while.

The direct link after log-in is https://invest.ameritrade.com/grid/p/site#r=promotions

Alternatively, go to Client Services > Promotions > See my offers

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by placeholder »

itsmeagain wrote: Fri Sep 10, 2021 7:40 pm I took advantage of one of the E-Trade offers discussed up thread.
Which one did you get?
drzzzzz
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by drzzzzz »

I want to thank the thread for information about the Etrade summer promotion deal. We asked our local schwab office at the end of august to match it and they did with the transfer to one account at Schwab from Vanguard going very smoothly using ACATS. The other person's account is waiting for a check from TIAA through snail mail.
itsmeagain
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by itsmeagain »

placeholder wrote: Sat Sep 11, 2021 12:52 am
itsmeagain wrote: Fri Sep 10, 2021 7:40 pm I took advantage of one of the E-Trade offers discussed up thread.
Which one did you get?
It was one of the ones that expired in August. Slightly better than what's offered now. My main point, though, was that everything went smoothly with E-Trade, they are responsive, and the web site is excellent.
stipeman
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by stipeman »

itsmeagain wrote: Sat Sep 11, 2021 10:10 am
placeholder wrote: Sat Sep 11, 2021 12:52 am
itsmeagain wrote: Fri Sep 10, 2021 7:40 pm I took advantage of one of the E-Trade offers discussed up thread.
Which one did you get?
It was one of the ones that expired in August. Slightly better than what's offered now. My main point, though, was that everything went smoothly with E-Trade, they are responsive, and the web site is excellent.
This one works until the end of the year. But you have to call:

https://us.etrade.com/what-we-offer/how ... ra-cfc3500
SJR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SJR »

stipeman wrote: Sat Sep 11, 2021 10:31 am
itsmeagain wrote: Sat Sep 11, 2021 10:10 am
placeholder wrote: Sat Sep 11, 2021 12:52 am
itsmeagain wrote: Fri Sep 10, 2021 7:40 pm I took advantage of one of the E-Trade offers discussed up thread.
Which one did you get?
It was one of the ones that expired in August. Slightly better than what's offered now. My main point, though, was that everything went smoothly with E-Trade, they are responsive, and the web site is excellent.
This one works until the end of the year. But you have to call:

https://us.etrade.com/what-we-offer/how ... ra-cfc3500
There's a better offer which requires a call to the branch and expires 12/31/21. Lowest deposit is $500k. Works for existing clients and they can aggregate taxable and non taxable accounts. $1m would fetch $4k. Requires 12 month hold.
Mike14
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Mike14 »

SJR wrote: Sat Sep 11, 2021 8:32 pm There's a better offer which requires a call to the branch and expires 12/31/21. Lowest deposit is $500k. Works for existing clients and they can aggregate taxable and non taxable accounts. $1m would fetch $4k. Requires 12 month hold.
What are the tiers + bonus amounts, and how do you find about those offers?
Mike14
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Mike14 »

itsmeagain wrote: Fri Sep 10, 2021 7:40 pm As a further test, I sent questions via the E-Trade message system
Secure message hasn't worked for me in months, and chat always says unavailable
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by cuda74360 »

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Last edited by cuda74360 on Sun Sep 12, 2021 3:40 pm, edited 1 time in total.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by cuda74360 »

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Last edited by cuda74360 on Sun Sep 12, 2021 3:40 pm, edited 1 time in total.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by cuda74360 »

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Last edited by cuda74360 on Sun Sep 12, 2021 3:39 pm, edited 1 time in total.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by cuda74360 »

stipeman wrote: Sat Sep 11, 2021 10:31 am
This one works until the end of the year. But you have to call:

https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Why do you have to call? You can't just click the link?
tj
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

cuda74360 wrote: Sun Sep 12, 2021 10:20 am
stipeman wrote: Sat Sep 11, 2021 10:31 am
This one works until the end of the year. But you have to call:

https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Why do you have to call? You can't just click the link?
Of course you can.
stipeman
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by stipeman »

tj wrote: Sun Sep 12, 2021 10:26 am
cuda74360 wrote: Sun Sep 12, 2021 10:20 am
stipeman wrote: Sat Sep 11, 2021 10:31 am
This one works until the end of the year. But you have to call:

https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Why do you have to call? You can't just click the link?
Of course you can.
Since you feel so confident, then go for it. But when I did it a few months ago I was told by my local office that this offer was by referral only and they had to get permission and link to my name.
tj
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

stipeman wrote: Sun Sep 12, 2021 12:21 pm
tj wrote: Sun Sep 12, 2021 10:26 am
cuda74360 wrote: Sun Sep 12, 2021 10:20 am
stipeman wrote: Sat Sep 11, 2021 10:31 am
This one works until the end of the year. But you have to call:

https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Why do you have to call? You can't just click the link?
Of course you can.
Since you feel so confident, then go for it. But when I did it a few months ago I was told by my local office that this offer was by referral only and they had to get permission and link to my name.
I've received 3 E-Trade bonuses, I only click the links. They create brand new accounts every time. I feel like you're more likely to sabotage yourself by contacting the local office. Maybe your local office doesn't want you to create a new account because it hurts their numbers if it gets randomly assigned to a different rep?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by ma21n2 »

I'm interested in the current E*Trade promo, but my Employer Stock Plan is with E*Trade, so I already have an E*Trade brokerage account that's attached to the stock plan. I just chatted w/customer support and they told me that I can still get the bonus if I open a new account. I'm a little suspicious since the promo states it's only "valid for new E*TRADE Securities customers". Has anyone tried opening a new account for bonus when they were an existing customer?
tj
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

ma21n2 wrote: Sun Sep 12, 2021 11:38 pm I'm interested in the current E*Trade promo, but my Employer Stock Plan is with E*Trade, so I already have an E*Trade brokerage account that's attached to the stock plan. I just chatted w/customer support and they told me that I can still get the bonus if I open a new account. I'm a little suspicious since the promo states it's only "valid for new E*TRADE Securities customers". Has anyone tried opening a new account for bonus when they were an existing customer?
Yes, like I've mentioned, I've done the E*Trade promo like 3 times. When I log in, I see the new account and all the old inactive accounts.

I think they only closed the account I transferred securities out of, the other ones seem to just be $0.00 open accounts.

E*Trade posts the bonus extremely fast, so there's not really much risk to give it a shot....if they don't give it, just move it somewhere else.
ma21n2
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by ma21n2 »

Great! I'll give it a try. Thanks!
jonas
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by jonas »

Merrill Edge brought back the signup offer. Just the base offer $600 for $200k, but good to see nevertheless.
https://www.merrilledge.com/offers/600
need403bhelp
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by need403bhelp »

Sorry I probably missed it - does Schwab still allow one to take advantage of a referral bonus to transfer funds from TD Ameritrade, or has this gone away already post merger? Thanks!
nalor511
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

need403bhelp wrote: Sat Sep 18, 2021 5:03 pm Sorry I probably missed it - does Schwab still allow one to take advantage of a referral bonus to transfer funds from TD Ameritrade, or has this gone away already post merger? Thanks!
No. Unless you transfer somewhere else first.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by need403bhelp »

nalor511 wrote: Sat Sep 18, 2021 5:18 pm
need403bhelp wrote: Sat Sep 18, 2021 5:03 pm Sorry I probably missed it - does Schwab still allow one to take advantage of a referral bonus to transfer funds from TD Ameritrade, or has this gone away already post merger? Thanks!
No. Unless you transfer somewhere else first.
Got it. Thanks so much!
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by ljb »

jonas wrote: Fri Sep 17, 2021 7:49 pm Merrill Edge brought back the signup offer. Just the base offer $600 for $200k, but good to see nevertheless.
https://www.merrilledge.com/offers/600
I've never had an ME account or got a bonus from them.
The link refers to this bonus as "the one time bonus". Do you think if I got this bonus and then and moved my money out after the hold period, I could qualify for other bonuses from ME in the future?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

ljb wrote: Sun Sep 19, 2021 8:41 pm
jonas wrote: Fri Sep 17, 2021 7:49 pm Merrill Edge brought back the signup offer. Just the base offer $600 for $200k, but good to see nevertheless.
https://www.merrilledge.com/offers/600
I've never had an ME account or got a bonus from them.
The link refers to this bonus as "the one time bonus". Do you think if I got this bonus and then and moved my money out after the hold period, I could qualify for other bonuses from ME in the future?
You can probably find the answer searching dr of credit
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pre
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by pre »

ljb wrote: Sun Sep 19, 2021 8:41 pm
jonas wrote: Fri Sep 17, 2021 7:49 pm Merrill Edge brought back the signup offer. Just the base offer $600 for $200k, but good to see nevertheless.
https://www.merrilledge.com/offers/600
I've never had an ME account or got a bonus from them.
The link refers to this bonus as "the one time bonus". Do you think if I got this bonus and then and moved my money out after the hold period, I could qualify for other bonuses from ME in the future?
The "one time bonus" is identical language to what they've used in the past, so you should be fine churning the bonus. I've churned the Merrill offer several times, essentially annually, and haven't had any problems.

The terms for this new offer are essentially copy and paste from previous offers, so I reckon the bonus will be credited in the same fashion. Here's the offer from last summer (2020), which was $1000 for the $200k tier:

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pre
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by pre »

pre wrote: Sat Jun 26, 2021 3:53 am Might anyone have done an ACAT transfer from Schwab to TDA, or vice versa, since their merger?

I did a full transfer from Schwab to TDA a month or two ago and noticed no outgoing transfer fee was charged. I've done similar partial and full transfers between the two and have always been charged the listed fee. Perhaps the Schwab to TDA transfer is treated as an internal transfer nowadays, thereby waiving the fee. Reckon it's one of the very, very few advantages of the merger, for us, the consumer...
Wanted to share that it looks like they've eliminated outgoing transfer fees for the reverse direction, as well. I did a full transfer out from TDA to Schwab last week and no $75 fee charged, as TDA usually does.

Granted, both will typically reimburse for such fees, but one less step if folks are looking to earn a transfer bonus
SJR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SJR »

Mike14 wrote: Sat Sep 11, 2021 9:14 pm
SJR wrote: Sat Sep 11, 2021 8:32 pm There's a better offer which requires a call to the branch and expires 12/31/21. Lowest deposit is $500k. Works for existing clients and they can aggregate taxable and non taxable accounts. $1m would fetch $4k. Requires 12 month hold.
What are the tiers + bonus amounts, and how do you find about those offers?
I believe:
500k 1mm 2mm 3mm 4mm

I called the local branch and the fellow who serviced me mentioned this unpublished offer. If you'd like you can pm me and I'll give you his email. He was really good and knew all the ins and outs to make sure I got the best I could.
EnjoyIt
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by EnjoyIt »

SJR wrote: Thu Sep 23, 2021 9:01 am
Mike14 wrote: Sat Sep 11, 2021 9:14 pm
SJR wrote: Sat Sep 11, 2021 8:32 pm There's a better offer which requires a call to the branch and expires 12/31/21. Lowest deposit is $500k. Works for existing clients and they can aggregate taxable and non taxable accounts. $1m would fetch $4k. Requires 12 month hold.
What are the tiers + bonus amounts, and how do you find about those offers?
I believe:
500k 1mm 2mm 3mm 4mm

I called the local branch and the fellow who serviced me mentioned this unpublished offer. If you'd like you can pm me and I'll give you his email. He was really good and knew all the ins and outs to make sure I got the best I could.
You mentioned the bonus for $4k for $1mm. If you don't mind me asking, what were the bonuses for the other denominations?
A time to EVALUATE your jitters: | viewtopic.php?p=1139732#p1139732
taxi22
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by taxi22 »

Just did a transfer from Schwab to Etrade, for the bonus offer. It shows -$50 transfer fee on the account. Did anyone have luck getting Etrade to reimburse the fee? What did you say or write in the message?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

taxi22 wrote: Thu Sep 23, 2021 7:05 pm Just did a transfer from Schwab to Etrade, for the bonus offer. It shows -$50 transfer fee on the account. Did anyone have luck getting Etrade to reimburse the fee? What did you say or write in the message?
Etrade usually reimburse such fees but it would better to have them agree to it ahead of time. You can ask anyway.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SJR »

EnjoyIt wrote: Thu Sep 23, 2021 2:09 pm
SJR wrote: Thu Sep 23, 2021 9:01 am
Mike14 wrote: Sat Sep 11, 2021 9:14 pm
SJR wrote: Sat Sep 11, 2021 8:32 pm There's a better offer which requires a call to the branch and expires 12/31/21. Lowest deposit is $500k. Works for existing clients and they can aggregate taxable and non taxable accounts. $1m would fetch $4k. Requires 12 month hold.
What are the tiers + bonus amounts, and how do you find about those offers?
I believe:
500k 1mm 2mm 3mm 4mm

I called the local branch and the fellow who serviced me mentioned this unpublished offer. If you'd like you can pm me and I'll give you his email. He was really good and knew all the ins and outs to make sure I got the best I could.
You mentioned the bonus for $4k for $1mm. If you don't mind me asking, what were the bonuses for the other denominations?
$4m 10k
3m 8k
2m 6k
1m 4k
500k 2k
stay_the_course
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by stay_the_course »

SJR wrote: Sat Sep 25, 2021 7:39 pm
EnjoyIt wrote: Thu Sep 23, 2021 2:09 pm
SJR wrote: Thu Sep 23, 2021 9:01 am
Mike14 wrote: Sat Sep 11, 2021 9:14 pm
SJR wrote: Sat Sep 11, 2021 8:32 pm There's a better offer which requires a call to the branch and expires 12/31/21. Lowest deposit is $500k. Works for existing clients and they can aggregate taxable and non taxable accounts. $1m would fetch $4k. Requires 12 month hold.
What are the tiers + bonus amounts, and how do you find about those offers?
I believe:
500k 1mm 2mm 3mm 4mm

I called the local branch and the fellow who serviced me mentioned this unpublished offer. If you'd like you can pm me and I'll give you his email. He was really good and knew all the ins and outs to make sure I got the best I could.
You mentioned the bonus for $4k for $1mm. If you don't mind me asking, what were the bonuses for the other denominations?
$4m 10k
3m 8k
2m 6k
1m 4k
500k 2k
That's pretty nice! Do you know if you can combine multiple accounts to hit the target (say Roth IRA + taxable)?
hmw
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by hmw »

I opened a taxable account and a Roth IRA account in November, 2020 with ME. I have gotten the transfer bonus. But can't remember the required holding period. I should have made a note of it when I took the offer. Does anyone know?

When I look at the current offer at ME, https://www.merrilledge.com/offers/600, I don't see any holding requirement after receiving the bonus. Did I miss the fine print?

Thanks
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sarabayo
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sarabayo »

hmw wrote: Sun Sep 26, 2021 4:37 pm I opened a taxable account and a Roth IRA account in November, 2020 with ME. I have gotten the transfer bonus. But can't remember the required holding period. I should have made a note of it when I took the offer. Does anyone know?

When I look at the current offer at ME, https://www.merrilledge.com/offers/600, I don't see any holding requirement after receiving the bonus. Did I miss the fine print?

Thanks
I don't think so. The three months you have to wait for the bonus are the holding period, afaik. When I signed up for the old $1000 offer last year, the bonus wasn't deposited for six months, i.e. it was a six month holding period in that case.
hmw
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by hmw »

sarabayo wrote: Sun Sep 26, 2021 4:40 pm
hmw wrote: Sun Sep 26, 2021 4:37 pm I opened a taxable account and a Roth IRA account in November, 2020 with ME. I have gotten the transfer bonus. But can't remember the required holding period. I should have made a note of it when I took the offer. Does anyone know?

When I look at the current offer at ME, https://www.merrilledge.com/offers/600, I don't see any holding requirement after receiving the bonus. Did I miss the fine print?

Thanks
I don't think so. The three months you have to wait for the bonus are the holding period, afaik. When I signed up for the old $1000 offer last year, the bonus wasn't deposited for six months, i.e. it was a six month holding period in that case.
I got my bonus in July, a little over 6 months after the initial transfer. I guess I am free to move the money again. Thanks
SJR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SJR »

stay_the_course wrote: Sat Sep 25, 2021 10:43 pm
SJR wrote: Sat Sep 25, 2021 7:39 pm
EnjoyIt wrote: Thu Sep 23, 2021 2:09 pm
SJR wrote: Thu Sep 23, 2021 9:01 am
Mike14 wrote: Sat Sep 11, 2021 9:14 pm

What are the tiers + bonus amounts, and how do you find about those offers?
I believe:
500k 1mm 2mm 3mm 4mm

I called the local branch and the fellow who serviced me mentioned this unpublished offer. If you'd like you can pm me and I'll give you his email. He was really good and knew all the ins and outs to make sure I got the best I could.
You mentioned the bonus for $4k for $1mm. If you don't mind me asking, what were the bonuses for the other denominations?
$4m 10k
3m 8k
2m 6k
1m 4k
500k 2k
That's pretty nice! Do you know if you can combine multiple accounts to hit the target (say Roth IRA + taxable)?
As far as I know, yes.
Makaveli
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Makaveli »

SJR wrote: Thu Sep 30, 2021 11:28 am
stay_the_course wrote: Sat Sep 25, 2021 10:43 pm
SJR wrote: Sat Sep 25, 2021 7:39 pm
EnjoyIt wrote: Thu Sep 23, 2021 2:09 pm
SJR wrote: Thu Sep 23, 2021 9:01 am

I believe:
500k 1mm 2mm 3mm 4mm

I called the local branch and the fellow who serviced me mentioned this unpublished offer. If you'd like you can pm me and I'll give you his email. He was really good and knew all the ins and outs to make sure I got the best I could.
You mentioned the bonus for $4k for $1mm. If you don't mind me asking, what were the bonuses for the other denominations?
$4m 10k
3m 8k
2m 6k
1m 4k
500k 2k
That's pretty nice! Do you know if you can combine multiple accounts to hit the target (say Roth IRA + taxable)?
As far as I know, yes.
Requesting link, standard search shows $3k for $1MM.

Edit: sent PM
Last edited by Makaveli on Sun Oct 03, 2021 12:48 pm, edited 2 times in total.
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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

jonas wrote: Fri Sep 17, 2021 7:49 pm Merrill Edge brought back the signup offer. Just the base offer $600 for $200k, but good to see nevertheless.
https://www.merrilledge.com/offers/600
The bonus is chintzy, but it's useful for those of us who need to qualify for platinum honors again because our assets have been earning bonuses elsewhere.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Barefootgirl »

In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
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400bicycle
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 400bicycle »

Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
FWIW I just transferred $1M cash to a new Schwab account for $2500 bonus.
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jeffyscott
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by jeffyscott »

Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
I transferred cash in, as the only option for a rollover was to get a check. The money was quickly re-invested, of course. I am not sure what you are seeing, as I never saw anything that would have indicated what the bonus was going to be, it just appeared in the account a couple months later. Mine was a match of an TD Ameritrade offer a few years ago.

Is the cash, perhaps, being transferred separately and delayed? They usually allow 45 days to meet the criteria for a bonus, so any cash or securities that get's there in that time should count.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sycamore »

Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
In my experience, they said "cash and/or securities" was what mattered, although I actually only transferred securities. In the "enrollment confirmation" email I got, it said:
Thank you for enrolling in the Schwab Cash Bonus Award

I am pleased to confirm that Schwab will deposit $X into your Schwab account ending in ### in appreciation of your $XX qualifying net deposit of
cash and/or securities, if received within 45 days.
Perhaps you're enrolled in a different bonus program? Is there a web page you used to enroll in the bonus program? I would check the terms & conditions to see what qualifies and what doesn't.
totoroto
Posts: 18
Joined: Mon Feb 26, 2018 7:50 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by totoroto »

Is there a link somewhere for this Schwab transfer bonus, or is it through talking to a rep.?
400bicycle wrote: Thu Oct 07, 2021 11:09 am
Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
FWIW I just transferred $1M cash to a new Schwab account for $2500 bonus.
placeholder
Posts: 8421
Joined: Tue Aug 06, 2013 12:43 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by placeholder »

Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)
Have they actually told you that?
student
Posts: 10764
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
This is very strange. My offer says "qualifying net deposit of cash and/or securities."
Makaveli
Posts: 975
Joined: Mon May 19, 2014 11:18 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Makaveli »

400bicycle wrote: Thu Oct 07, 2021 11:09 am
Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
FWIW I just transferred $1M cash to a new Schwab account for $2500 bonus.
ETrade $4k for same amount, transfer in progress.
spammagnet
Posts: 2481
Joined: Wed Apr 27, 2016 9:42 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by spammagnet »

Makaveli wrote: Fri Oct 08, 2021 6:48 am
400bicycle wrote: Thu Oct 07, 2021 11:09 am
Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
FWIW I just transferred $1M cash to a new Schwab account for $2500 bonus.
ETrade $4k for same amount, transfer in progress.
We got $2,300 for $500K at E-Trade, including an optional $500 from the rep. If you're married and your $1MM is in a taxable account, you can split it between new accounts for yourself and your spouse to get $4,600.
Makaveli
Posts: 975
Joined: Mon May 19, 2014 11:18 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Makaveli »

spammagnet wrote: Sat Oct 09, 2021 2:57 pm
Makaveli wrote: Fri Oct 08, 2021 6:48 am
400bicycle wrote: Thu Oct 07, 2021 11:09 am
Barefootgirl wrote: Thu Oct 07, 2021 6:44 am In the process of a brokerage transfer to Schwab - looks like they are calculating the amount of my bonus based on the dollar amount of total equities that will transfer and not total value of equities PLUS cash (I'm having to cash out some of my money market funds)

Anyone else experience this?
FWIW I just transferred $1M cash to a new Schwab account for $2500 bonus.
ETrade $4k for same amount, transfer in progress.
We got $2,300 for $500K at E-Trade, including an optional $500 from the rep. If you're married and your $1MM is in a taxable account, you can split it between new accounts for yourself and your spouse to get $4,600.
Makes sense for married couples. I am glad to pay it forward, PM me if $4,000 is of interest. The rep I worked with made items very easy so glad to help them gain more new money (at our promotion expense).
spammagnet
Posts: 2481
Joined: Wed Apr 27, 2016 9:42 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by spammagnet »

spammagnet wrote: Sat Oct 09, 2021 2:57 pm We got $2,300 for $500K at E-Trade, including an optional $500 from the rep. If you're married and your $1MM is in a taxable account, you can split it between new accounts for yourself and your spouse to get $4,600.
To clarify, we EACH got $2,300. Despite appearances to the contrary on this forum, most people can't do that. It's possible for us only because we're at retirement and it's our entire life savings.
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