The Final, Definitive Thread on Brokerage Transfer Bonuses
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Keep trying with etrade, they should reimburse, unless you're getting a crazy bonus, in which case $50 might be cheap.need403bhelp wrote: ↑Mon Jul 25, 2022 4:21 pm Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
It’s only $100k being transferred, but others up thread have also mentioned not getting reimbursed. And I already have a tda Roth IRA with $5 remaining from prior ME bonus as TDA really doesn’t charge for partial transfers.nalor511 wrote: ↑Mon Jul 25, 2022 4:36 pmKeep trying with etrade, they should reimburse, unless you're getting a crazy bonus, in which case $50 might be cheap.need403bhelp wrote: ↑Mon Jul 25, 2022 4:21 pm Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
EDITED TO ADD: the questions towards bottom of this page https://welcome.schwab.com/?aff=WKV explicitly state no fee to transfer TDA to Schwab. Nothing about other direction although someone previously in this thread said no transfer fee full transfer Schwab to TDA.
ALSO EDITED TO ADD: this is for an IRA account.
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Responded to your PM, but there shouldn't be any fees from Schwab to TDA, or vice versa. I've done several cash accounts and IRAs between the two, most recently in May.need403bhelp wrote: ↑Mon Jul 25, 2022 4:21 pm Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Thanks again! Looks like another E*TRADE rep that had emailed me may try to get a $50 waiver. If not, I'll probably just do Schwab -> TDA. Although maybe it makes sense to do TDA -> Schwab and close out my $5 Roth IRA at TDA if there really are no fees, then have E*Trade pull everything from Schwab.pre wrote: ↑Mon Jul 25, 2022 6:25 pmResponded to your PM, but there shouldn't be any fees from Schwab to TDA, or vice versa. I've done several cash accounts and IRAs between the two, most recently in May.need403bhelp wrote: ↑Mon Jul 25, 2022 4:21 pm Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Just to update it looks like interactive brokers excludes "tax-advantaged accounts" for above offer and E trade seems to actually have 12 month holding period despite promotion terms on website clearly stating six months.need403bhelp wrote: ↑Sat Jul 23, 2022 3:52 pm If have $100k in Roth IRA and already done TD Ameritrade, Schwab, and Merrill Edge offers, what is next best offer?
So far I see:
E trade $500 6 month holding period
Interactive brokers $1k in IBKR stock 12 month holding period
CITI wealth management $500 (for $50k) 3 month holding period, must apply over phone
Any others or suggestions based on these?
EDITED TO ADD: funds currently at Schwab so will want receiving brokerage to reimburse account closure fee
EDITED TO ADD 2: DW will be following me with same amount in Roth IRA in few months so I suppose if we are able to refer each other could get extra financial incentive (IBKR I think gives $200? E trade I believe referral only for non retirement?)
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Saw that, yes the fine print for E*trade reads 12 mo.
bbrock
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Offer I used still reads six months:
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
But upon enrollment given terms that said twelve
Transfer bonus
[Thread merged into here --admin LadyGeek]
I’ve read numerous posts wrt a transfer bonus but want to be sure I have the most current info before I pull the trigger.
I want to move a $1.2 mm Roth account out of VG. I’ve spoken with Schwab who tell me they’ll match any offer or give me $2500 bonus transfer as well as waive fees on my VG funds which will be transferred in kind.
Does this offer sound good? I have a call in to Fidelity. Are there other brokerages I should try?
Thanks for any insights. If not for Bogleheads I wouldn’t have known a transfer bonus was a thing.
In a related matter, I’m holding VTSAX. I asked whether I should convert to VTI and they said it’s not necessary. Thoughts?
Thanks so much!
I’ve read numerous posts wrt a transfer bonus but want to be sure I have the most current info before I pull the trigger.
I want to move a $1.2 mm Roth account out of VG. I’ve spoken with Schwab who tell me they’ll match any offer or give me $2500 bonus transfer as well as waive fees on my VG funds which will be transferred in kind.
Does this offer sound good? I have a call in to Fidelity. Are there other brokerages I should try?
Thanks for any insights. If not for Bogleheads I wouldn’t have known a transfer bonus was a thing.
In a related matter, I’m holding VTSAX. I asked whether I should convert to VTI and they said it’s not necessary. Thoughts?
Thanks so much!
Re: Transfer bonus
I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Personally I would convert it to VTI as it makes it more "portable."
Re: Transfer bonus
Do yourself a favor and convert to ETF first. I didn't and regretted it.Swimmer wrote: ↑Sat Jul 30, 2022 2:00 pm I’ve read numerous posts wrt a transfer bonus but want to be sure I have the most current info before I pull the trigger.
I want to move a $1.2 mm Roth account out of VG. I’ve spoken with Schwab who tell me they’ll match any offer or give me $2500 bonus transfer as well as waive fees on my VG funds which will be transferred in kind.
Does this offer sound good? I have a call in to Fidelity. Are there other brokerages I should try?
Thanks for any insights. If not for Bogleheads I wouldn’t have known a transfer bonus was a thing.
In a related matter, I’m holding VTSAX. I asked whether I should convert to VTI and they said it’s not necessary. Thoughts?
Thanks so much!
Re: Transfer bonus
Schwab might waive their mutual fund transaction fee (like for VTSAX and other Vanguard funds) if you transfer in enough assets. Ask them if they're willing to do that. It worked for me last year, but various reports indicate they may not include the fee waiver so much anymore.
If you can get it waived, you could just stick with the mutual fund format, if that's your preference.
If you can get it waived, you could just stick with the mutual fund format, if that's your preference.
Re: Transfer bonus
They waived mine, and it was still far interior to ETFs@Schwab or MFs@VG - as someone who didn't and regretted it, recommend converting first.sycamore wrote: ↑Sat Jul 30, 2022 4:08 pm Schwab might waive their mutual fund transaction fee (like for VTSAX and other Vanguard funds) if you transfer in enough assets. Ask them if they're willing to do that. It worked for me last year, but various reports indicate they may not include the fee waiver so much anymore.
If you can get it waived, you could just stick with the mutual fund format, if that's your preference.
Re: Transfer bonus
Call E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
I recently transferred over an IRA. Had no problem getting the Schwab $50 fee reimbursed, only caveat being the credit had to be into my taxable account, not the IRAneed403bhelp wrote: ↑Mon Jul 25, 2022 4:40 pmIt’s only $100k being transferred, but others up thread have also mentioned not getting reimbursed. And I already have a tda Roth IRA with $5 remaining from prior ME bonus as TDA really doesn’t charge for partial transfers.nalor511 wrote: ↑Mon Jul 25, 2022 4:36 pmKeep trying with etrade, they should reimburse, unless you're getting a crazy bonus, in which case $50 might be cheap.need403bhelp wrote: ↑Mon Jul 25, 2022 4:21 pm Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
Called once right before the transfer, then again after completing. Neither rep put up any resistance.
I was intending on a secure message with a Schwab history/transaction log, but Etrade's SM system seems to have eliminated the ability for attachments
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
I see, thank you for sharing. I have been communicating with a local rep, so maybe I should try calling. With that said, when I had asked Twitter support they also specifically stated they don’t reimburse the Schwab $50 fee.pre wrote: ↑Sat Jul 30, 2022 9:56 pmI recently transferred over an IRA. Had no problem getting the Schwab $50 fee reimbursed, only caveat being the credit had to be into my taxable account, not the IRAneed403bhelp wrote: ↑Mon Jul 25, 2022 4:40 pmIt’s only $100k being transferred, but others up thread have also mentioned not getting reimbursed. And I already have a tda Roth IRA with $5 remaining from prior ME bonus as TDA really doesn’t charge for partial transfers.nalor511 wrote: ↑Mon Jul 25, 2022 4:36 pmKeep trying with etrade, they should reimburse, unless you're getting a crazy bonus, in which case $50 might be cheap.need403bhelp wrote: ↑Mon Jul 25, 2022 4:21 pm Anyone recently done an account transfer from Schwab to TDA? Any transfer fee charged on Schwab side? Thinking of doing this to avoid $50 Schwab fee since e trade won’t reimburse me.
Called once right before the transfer, then again after completing. Neither rep put up any resistance.
I was intending on a secure message with a Schwab history/transaction log, but Etrade's SM system seems to have eliminated the ability for attachments
Re: Transfer bonus
Thank you all for your advice! I’ll convert VTSAX to VTI before moving it.
One other question: my only other fund is Balanced Index Admiral for which there is no corresponding ETF. What would you suggest I do with it?
Thanks again.
One other question: my only other fund is Balanced Index Admiral for which there is no corresponding ETF. What would you suggest I do with it?
Thanks again.
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Re: Transfer bonus
You can sell the mutual fund and buy the ETF equivalents, roughly 60% VTI and 40% BND. Since this is an IRA, there won't be any tax consequences.
My signature has been deleted.
Re: Transfer bonus
I've read that $4k bonuses appear from time to time. How frequent are those and which brokers usually offer them (for transferring $1 mm and above)?
Also, am I obligated to keep the funds for a certain period of time to be eligible for the bonus? (possible scenario: downpayment for a house)
Also, am I obligated to keep the funds for a certain period of time to be eligible for the bonus? (possible scenario: downpayment for a house)
Re: Transfer bonus
E-Trade. 12mo.UncleLeo wrote: ↑Sun Jul 31, 2022 10:31 pm I've read that $4k bonuses appear from time to time. How frequent are those and which brokers usually offer them (for transferring $1 mm and above)?
Also, am I obligated to keep the funds for a certain period of time to be eligible for the bonus? (possible scenario: downpayment for a house)
Re: Transfer bonus
Thanks, everyone, for your responses.
VG made significant errors wrt my late husband’s accounts. So much so that I am reluctant to ask them to do the MF—ETF conversion. I much prefer to transact myself online.
I’m thinking of selling the MF shares and then buying the ETF shares the next day. Keeping in mind this is within an IRA, is there any reason not to do this?
I confess I feel nervous moving this much money around.
Thanks again.
VG made significant errors wrt my late husband’s accounts. So much so that I am reluctant to ask them to do the MF—ETF conversion. I much prefer to transact myself online.
I’m thinking of selling the MF shares and then buying the ETF shares the next day. Keeping in mind this is within an IRA, is there any reason not to do this?
I confess I feel nervous moving this much money around.
Thanks again.
Re: Transfer bonus
No need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
- anon_investor
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Re: Transfer bonus
If it is an IRA, there are no cost basis concerns, I would just try the MF-ETF conversion. You can sell the the MF and buy ETF shares the next day, but you will be out of the market overnight, do the ETF could gain/lose at open, so you could be impacted by a large price movement up or down in the morning.Swimmer wrote: ↑Mon Aug 01, 2022 10:03 am Thanks, everyone, for your responses.
VG made significant errors wrt my late husband’s accounts. So much so that I am reluctant to ask them to do the MF—ETF conversion. I much prefer to transact myself online.
I’m thinking of selling the MF shares and then buying the ETF shares the next day. Keeping in mind this is within an IRA, is there any reason not to do this?
I confess I feel nervous moving this much money around.
Thanks again.
Re: Transfer bonus
Yes I've seen (I think even used) that offer, but I believe it's IRAs only, as the URL suggests. A rep can get you the same offer but across multiple accounts, incl. taxable (bonus is proportionally allocated across different accounts, based on amount transferred in).tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Just got off the phone with my local E*TRADE rep. Called the 800 number first and was told that the local financial consultant may provide a more lucrative offer. Spoke with my local rep, told him my situation, told him I was not interested in being upsold of any kind, he got back to me and they will offer $4K if I hold for 12 months. I asked at the time I close or transfer out the account, what is the fee, and he stated there’s a $75 account closure fee. I will try to get that waived at that time and/or paid by the next vendor such as Schwab or Fidelity.
1) Has anyone had success with having Schwab or Fidelity pay/reimburse for the sending institution’s transfer fee?
2) Has anyone had success with having E*TRADE waive the account closure/transfer fee?
1) Has anyone had success with having Schwab or Fidelity pay/reimburse for the sending institution’s transfer fee?
2) Has anyone had success with having E*TRADE waive the account closure/transfer fee?
bbrock
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
There's no way you are going to get a waiver on your way outbbrock wrote: ↑Mon Aug 01, 2022 3:33 pm Just got off the phone with my local E*TRADE rep. Called the 800 number first and was told that the local financial consultant may provide a more lucrative offer. Spoke with my local rep, told him my situation, told him I was not interested in being upsold of any kind, he got back to me and they will offer $4K if I hold for 12 months. I asked at the time I close or transfer out the account, what is the fee, and he stated there’s a $75 account closure fee. I will try to get that waived at that time and/or paid by the next vendor such as Schwab or Fidelity.
1) Has anyone had success with having Schwab or Fidelity pay/reimburse for the sending institution’s transfer fee?
2) Has anyone had success with having E*TRADE waive the account closure/transfer fee?
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
I don't think E*trade will waive the fee. Both Schwab and Merrill Edge have reimbursed such a fee when I transferred to them.bbrock wrote: ↑Mon Aug 01, 2022 3:33 pm Just got off the phone with my local E*TRADE rep. Called the 800 number first and was told that the local financial consultant may provide a more lucrative offer. Spoke with my local rep, told him my situation, told him I was not interested in being upsold of any kind, he got back to me and they will offer $4K if I hold for 12 months. I asked at the time I close or transfer out the account, what is the fee, and he stated there’s a $75 account closure fee. I will try to get that waived at that time and/or paid by the next vendor such as Schwab or Fidelity.
1) Has anyone had success with having Schwab or Fidelity pay/reimburse for the sending institution’s transfer fee?
2) Has anyone had success with having E*TRADE waive the account closure/transfer fee?
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Yeah, I was thinking the same that companies generally don’t waive outbound transfers.
Thx Student for sharing.
By the way, does Vanguard charge for outbound transfers? I would hope not.
Thx Student for sharing.
By the way, does Vanguard charge for outbound transfers? I would hope not.
bbrock
- indexfundfan
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Vanguard does not charge fees for outgoing transfers, but neither does it reimburse you the fees for incoming transfers.
My signature has been deleted.
Re: Transfer bonus
02nz wrote: ↑Mon Aug 01, 2022 10:44 amYes I've seen (I think even used) that offer, but I believe it's IRAs only, as the URL suggests. A rep can get you the same offer but across multiple accounts, incl. taxable (bonus is proportionally allocated across different accounts, based on amount transferred in).tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Many thanks for the link. Schwab indicates they will match it.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
An account closure fee can usually be avoided by leaving some cash in the account then later withdrawing that to your back account but that works best with a non ira account.
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Got it placeholder. How much though are we talking about having to be left at E*TRADE? Yes it would be a taxable brokerage account.
bbrock
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
I can't give you a definitive answer but etrade's site states that there is no account minimum and here is some fee information from their website:
Account transfers (outgoing)
$25* for partial transfers
$75 for full transfers
*Following a partial transfer, customers with a remaining account balance of greater than $5,000 will not be charged the partial transfer fee.
Re: Transfer bonus
Can the $1 mm threshold include Roth IRA accounts? For example, if I have a brokerage account and 2 roth IRA accounts with Vanguard that in total exceed $1 mm, but each is lower than that threshold would I be able to get the bonus if I transfer all accounts to the broker offering the bonus?tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Re: Transfer bonus
Yes.UncleLeo wrote: ↑Tue Aug 02, 2022 6:50 pmCan the $1 mm threshold include Roth IRA accounts? For example, if I have a brokerage account and 2 roth IRA accounts with Vanguard that in total exceed $1 mm, but each is lower than that threshold would I be able to get the bonus if I transfer all accounts to the broker offering the bonus?tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
I did a transfer this year and was given the bonus based on all my accounts in addition to free waivers (VG funds).
Remember when you wanted what you currently have?
Re: Transfer bonus
E trade gave you waivers? Doesn't etrade already have vanguard on a no fee list for everyone?Freefun wrote: ↑Tue Aug 02, 2022 6:56 pmYes.UncleLeo wrote: ↑Tue Aug 02, 2022 6:50 pmCan the $1 mm threshold include Roth IRA accounts? For example, if I have a brokerage account and 2 roth IRA accounts with Vanguard that in total exceed $1 mm, but each is lower than that threshold would I be able to get the bonus if I transfer all accounts to the broker offering the bonus?tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
I did a transfer this year and was given the bonus based on all my accounts in addition to free waivers (VG funds).
Re: Transfer bonus
Sorry. It was Schwab (matching E*Trade promo).
Remember when you wanted what you currently have?
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Re: Transfer bonus
First convert from VTSAX to VTI, then do the transfer. This really is the easiest way.
- whodidntante
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Re: Transfer bonus
You need 250k to get a fee waiver for a single fund family. I don't think there are luck requirements. It's a shame, really. I love a good gamble.sycamore wrote: ↑Sat Jul 30, 2022 4:08 pm Schwab might waive their mutual fund transaction fee (like for VTSAX and other Vanguard funds) if you transfer in enough assets. Ask them if they're willing to do that. It worked for me last year, but various reports indicate they may not include the fee waiver so much anymore.
If you can get it waived, you could just stick with the mutual fund format, if that's your preference.
Re: Transfer bonus
Others have reported they were told you need $1M.whodidntante wrote: ↑Tue Aug 02, 2022 8:54 pmYou need 250k to get a fee waiver for a single fund family. I don't think there are luck requirements. It's a shame, really. I love a good gamble.sycamore wrote: ↑Sat Jul 30, 2022 4:08 pm Schwab might waive their mutual fund transaction fee (like for VTSAX and other Vanguard funds) if you transfer in enough assets. Ask them if they're willing to do that. It worked for me last year, but various reports indicate they may not include the fee waiver so much anymore.
If you can get it waived, you could just stick with the mutual fund format, if that's your preference.
Re: Transfer bonus
I have the fee waiver, it's at your rep's discretion, and I have significantly less than 1mil. Wish I'd converted to ETF first. VG MF at Schwab are clunkytj wrote: ↑Tue Aug 02, 2022 9:07 pmOthers have reported they were told you need $1M.whodidntante wrote: ↑Tue Aug 02, 2022 8:54 pmYou need 250k to get a fee waiver for a single fund family. I don't think there are luck requirements. It's a shame, really. I love a good gamble.sycamore wrote: ↑Sat Jul 30, 2022 4:08 pm Schwab might waive their mutual fund transaction fee (like for VTSAX and other Vanguard funds) if you transfer in enough assets. Ask them if they're willing to do that. It worked for me last year, but various reports indicate they may not include the fee waiver so much anymore.
If you can get it waived, you could just stick with the mutual fund format, if that's your preference.
Re: Transfer bonus
OP again. I just want to thank all of you. I did the ETFconversions. I’m moving forward with transfer to Schwab. They matched E*Trade $3500 offer and waived all fees on VG funds. I wouldn’t have even known about the bonuses without you Bogleheads. Amazing!
Re: Transfer bonus
Would the transfer bonus for $1 million transfer apply to the total balance a couple with each having a Traditional and Roth IRAs and a taxable joint account? Or it it for an individual?
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
I merged Swimmer's thread into the ongoing discussion.
(Thanks to the member who reported the post and provided a link to this thread.)
(Thanks to the member who reported the post and provided a link to this thread.)
Re: Transfer bonus
I called the 800 number. They told me my local financial consultant at E*Trade could offer me better deals. Spoke with local rep and in fact a better deal. $4000 for bringing in 1 mil to 1.99 = $4k bonus.UncleLeo wrote: ↑Tue Aug 02, 2022 6:50 pmCan the $1 mm threshold include Roth IRA accounts? For example, if I have a brokerage account and 2 roth IRA accounts with Vanguard that in total exceed $1 mm, but each is lower than that threshold would I be able to get the bonus if I transfer all accounts to the broker offering the bonus?tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
bbrock
- whodidntante
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Re: Transfer bonus
I conducted a highly similar experiment in the name of science and posted the results to this very thread. Since no Turing-test-passing intelligence should be subjected to trying to locate things using the terrible forum software here, I'll reach back into my mental search index and save you some effort. The answer is yes, or at least, it was yes for me. Good luck.UncleLeo wrote: ↑Tue Aug 02, 2022 6:50 pmCan the $1 mm threshold include Roth IRA accounts? For example, if I have a brokerage account and 2 roth IRA accounts with Vanguard that in total exceed $1 mm, but each is lower than that threshold would I be able to get the bonus if I transfer all accounts to the broker offering the bonus?tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500
Re: The Final, Definitive Thread on Brokerage Transfer Bonuses
Local E*Trade rep offered more
bbrock
Re: Transfer bonus
Thanks. Now I wonder if the transfer even has to be from the same brokerage. In other words, if I move 500k from Vanguard and another 500k from Fidelity to Etrade/Schwab within a certain time frame, would that count?whodidntante wrote: ↑Thu Aug 04, 2022 11:23 pmI conducted a highly similar experiment in the name of science and posted the results to this very thread. Since no Turing-test-passing intelligence should be subjected to trying to locate things using the terrible forum software here, I'll reach back into my mental search index and save you some effort. The answer is yes, or at least, it was yes for me. Good luck.UncleLeo wrote: ↑Tue Aug 02, 2022 6:50 pmCan the $1 mm threshold include Roth IRA accounts? For example, if I have a brokerage account and 2 roth IRA accounts with Vanguard that in total exceed $1 mm, but each is lower than that threshold would I be able to get the bonus if I transfer all accounts to the broker offering the bonus?tj wrote: ↑Mon Aug 01, 2022 10:05 amNo need to call, just click the better link:02nz wrote: ↑Sat Jul 30, 2022 4:39 pmCall E*Trade, by phone you can typically get a better offer than the one on the website.student wrote: ↑Sat Jul 30, 2022 2:22 pm I think $2,500 is about standard. Etrade has the same promotion. https://us.etrade.com/what-we-offer/how-it-works/promo
Personally I would convert it to VTI as it makes it more "portable."
Agree re: converting to ETF first.
https://us.etrade.com/what-we-offer/how ... ra-cfc3500