Current $2,500 Charles Schwab promotion, offer code, and cash bonus incentive. May 2024 best Charles Schwab promotions for opening a new account or for existing customers depositing cash into a brokerage account, ROTH IRA, or 401K rollover.
Charles Schwab Promotion
$0 commissions + satisfaction guarantee at Charles Schwab.
Charles Schwab Promotion #2
Currently, Schwab's only other promotion is a referral program: if you refer a friend, they can get up to $1,000 when they sign up.
This is interesting because the benefit is mostly for the friend. Usually, referral programs give a reward to the person who does the referring to encourage them to refer as many people as possible.
With Schwab, their website says using their referral program makes you a “true-blue friend.” It seems Schwab is counting on people who really like Schwab and want their friends to benefit from Schwab’s services and some extra cash.
How to Use Schwab Promotion
Schwab’s friend referral program is simple. Just log in to the Charles Schwab website, hover your mouse over “Service,” and click “Refer A Friend.”
Then, you’ll see a section that says, “Share your referral code.”
Just copy and paste this referral code and send it to your family or friends.
Once they open an account using your link and fund it within 45 days of opening, Schwab will deposit the Bonus Award into their account after the 45-day period ends.
Note that only certain accounts are eligible for the Referral Offer:
- IRAs
- Schwab Intelligent Portfolios
- Schwab Managed Portfolios
- Schwab Managed Account Select
- Schwab Bank High Yield Investor Checking (when linked with Schwab One accounts)
- Schwab Global Accounts and certain tax-qualified retirement plans, ESA, and accounts managed by independent advisors do not qualify.
Also, this program can't be combined with other temporary offers from Schwab, and you won’t be notified when a friend or family member opens an account (to protect their privacy).
However, two new clients from the same household can each get the bonus if they set up their own accounts and make the required deposit within 45 days.
Charles Schwab Referral Code
Use REFEREPB86NZJ referral code to get up to $1,000 cash bonus.
(EXPIRED!) Charles Schwab $2,500 Promo
Get up to $2,500 cash bonus when you make a deposit at Charles Schwab.
Charles Schwab $2,500 Promotion Details
This Charles Schwab promotion is valid for clients of Charles Schwab & Co., Inc. ("Schwab") who make a qualifying deposit into an eligible investment account within 45 days after signing up. Net deposits refer to assets deposited into the new account minus assets withdrawn from the account and transferred out of Charles Schwab. Only assets new to Schwab from external sources qualify; assets transferred from TD Ameritrade and affiliates other than Schwab Retirement Plan Services are excluded. Net deposits will be calculated as of the 45th day after creating an account, and the cash bonus will be credited to the new account within 10 days. For taxable accounts, excluding accounts pledged to Charles Schwab Bank, clients must maintain the net deposit amount (less any market losses) at Schwab for at least one year, or Schwab may charge back the cash bonus.
Schwab reserves the right to modify this Charles Schwab promotion terms or terminate the offer at any time without prior notice. The offer is limited to one per customer and does not apply to accounts managed by investment advisors, ERISA-covered retirement plans, the Charles Schwab Global Account, education savings accounts, or certain tax-qualified retirement plans and accounts. It is not transferable, saleable, or valid in conjunction with other offers, and is available only to U.S. residents. Employees, contractors, or persons similarly associated with Schwab or a Schwab affiliate, as well as their spouses, and employees of any securities regulatory organization or exchange are ineligible. Other restrictions may also apply.
Schwab Promotion Code
$0 commissions + satisfaction guarantee at Charles Schwab.
Charles Schwab Promo Code Disclaimer
Current Charles Schwab promo code details to open a new account could change at any time without notice. Read bonus offer details carefully before depositing any money.
Updated on 5/9/2024.
About the Author
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com. He has been an avid investor for 25 years, and has a background in both applied math and programming.
