The Final, Definitive Thread on Brokerage Transfer Bonuses

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MrJedi
Posts: 1360
Joined: Wed May 06, 2020 11:42 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

sycamore wrote: ↑Sat Oct 30, 2021 7:00 am

MrJedi wrote: ↑Sat Oct 30, 2021 6:17 am My tastyworks bonus posted.

10/25 Applied for cash account
10/26 Account approved
10/26-27 Setup ACH link and deposited 10k
10/29 $500 bonus posted
10/30 setup calendar reminder to withdraw on 2/1 (90 day hold required)

I think I'll have spouse get an account too.

Looks like tastyworks uses Plaid to set up the ACH link. Any concerns about entering your bank login credentials? It seems Plaid is becoming more commonplace...

There is a micro deposit option if you prefer. There is also a check deposit option.

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indexfundfan
Posts: 3298
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by indexfundfan »

MrJedi wrote: ↑Sat Oct 30, 2021 6:17 am My tastyworks bonus posted.

10/25 Applied for cash account
10/26 Account approved
10/26-27 Setup ACH link and deposited 10k
10/29 $500 bonus posted
10/30 setup calendar reminder to withdraw on 2/1 (90 day hold required)

I think I'll have spouse get an account too.

Excellent! Thank you for sharing your experience. I just submitted my application. :D

My signature has been deleted.

nalor511
Posts: 2170
Joined: Mon Jul 27, 2015 1:00 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

MrJedi wrote: ↑Sat Oct 30, 2021 9:13 am

sycamore wrote: ↑Sat Oct 30, 2021 7:00 am

MrJedi wrote: ↑Sat Oct 30, 2021 6:17 am My tastyworks bonus posted.

10/25 Applied for cash account
10/26 Account approved
10/26-27 Setup ACH link and deposited 10k
10/29 $500 bonus posted
10/30 setup calendar reminder to withdraw on 2/1 (90 day hold required)

I think I'll have spouse get an account too.

Looks like tastyworks uses Plaid to set up the ACH link. Any concerns about entering your bank login credentials? It seems Plaid is becoming more commonplace...

There is a micro deposit option if you prefer. There is also a check deposit option.

The micro deposit option is hidden under "my account is not listed here" or similar (e.g. if you select BOFA, they will force you to login to your BOFA account, you can't do trial deposits unless you select "not listed" first). I do not share login credentials, ever.

Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

sycamore
Posts: 3108
Joined: Tue May 08, 2018 12:06 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sycamore »

nalor511 wrote: ↑Sat Oct 30, 2021 3:39 pm

MrJedi wrote: ↑Sat Oct 30, 2021 9:13 am

sycamore wrote: ↑Sat Oct 30, 2021 7:00 am

MrJedi wrote: ↑Sat Oct 30, 2021 6:17 am My tastyworks bonus posted.

10/25 Applied for cash account
10/26 Account approved
10/26-27 Setup ACH link and deposited 10k
10/29 $500 bonus posted
10/30 setup calendar reminder to withdraw on 2/1 (90 day hold required)

I think I'll have spouse get an account too.

Looks like tastyworks uses Plaid to set up the ACH link. Any concerns about entering your bank login credentials? It seems Plaid is becoming more commonplace...

There is a micro deposit option if you prefer. There is also a check deposit option.

The micro deposit option is hidden under "my account is not listed here" or similar (e.g. if you select BOFA, they will force you to login to your BOFA account, you can't do trial deposits unless you select "not listed" first). I do not share login credentials, ever.

Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

I didn't notice the micro deposit option; thanks for the tip!

EnjoyIt
Posts: 6203
Joined: Sun Dec 29, 2013 8:06 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by EnjoyIt »

jeffyscott wrote: ↑Sat Oct 30, 2021 7:33 am

anon_investor wrote: ↑Wed Oct 20, 2021 6:12 am I just saw a new promo from Fidelity, $100 for depositing $50. My spouse and I may each open up new brokerage or CMA accounts at Fidelity today. We already have 529 plans there and my company is moving my HSA to Fidelity early next year.

https://www.fidelity.com/go/special-offer

LIMITED TIME OFFER

Get $100 when you open an eligible account
Promo code FIDELITY100

  • Open a new account

    Use promo code FIDELITY100 when opening The Fidelity Account®, Cash Management Account, Roth IRA, or traditional IRA.*

  • Fund it with $50

    Deposit $50 or more within 15 days after opening your account.

  • Get your $100

    Receive your cash reward! We'll add $100 within 25 days after opening your account.

https://www.fidelity.com/go/terms-conditions

$50 for $100 Cash Offer Terms and Conditions

This offer is valid for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who open and fund a new, eligible Fidelity account with a minimum of $50 on or after October 18, 2021 through Fidelity.com/go/special-offer. Offer is limited to one account per individual.

Eligible accounts include The Fidelity Account, Fidelity Cash Management Account, Fidelity Roth IRA, or a Fidelity traditional IRA. No other accounts are eligible for this offer.

https://www.fidelity.com/go/offer-faqs

In the terms and conditions it says:
For individuals who open a Roth or traditional IRA account, in order to be eligible to contribute to the IRA (traditional or Roth) you will need to have earned income at least equal to any IRA contribution made for 2021. Individuals who max out their contribution for the calendar year are also not eligible for the bonus award.

Has anyone been told if the $100 bonus will be shown as an IRA contribution, rather than earnings?

I am wondering if that statement is there because the $100 will be a contribution and so, if you have maxed out, you would not get it because it would cause you to exceed the contribution limit. A more convoluted interpretation could be that if you have already contributed the max, you won't be able to open a $50 account and so will not be eligible.

That's a great question that I would also like to know the answer to.

nalor511
Posts: 2170
Joined: Mon Jul 27, 2015 1:00 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

EnjoyIt wrote: ↑Sat Oct 30, 2021 7:59 pm

jeffyscott wrote: ↑Sat Oct 30, 2021 7:33 am

anon_investor wrote: ↑Wed Oct 20, 2021 6:12 am I just saw a new promo from Fidelity, $100 for depositing $50. My spouse and I may each open up new brokerage or CMA accounts at Fidelity today. We already have 529 plans there and my company is moving my HSA to Fidelity early next year.

https://www.fidelity.com/go/special-offer

LIMITED TIME OFFER

Get $100 when you open an eligible account
Promo code FIDELITY100

  • Open a new account

    Use promo code FIDELITY100 when opening The Fidelity Account®, Cash Management Account, Roth IRA, or traditional IRA.*

  • Fund it with $50

    Deposit $50 or more within 15 days after opening your account.

  • Get your $100

    Receive your cash reward! We'll add $100 within 25 days after opening your account.

https://www.fidelity.com/go/terms-conditions

$50 for $100 Cash Offer Terms and Conditions

This offer is valid for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who open and fund a new, eligible Fidelity account with a minimum of $50 on or after October 18, 2021 through Fidelity.com/go/special-offer. Offer is limited to one account per individual.

Eligible accounts include The Fidelity Account, Fidelity Cash Management Account, Fidelity Roth IRA, or a Fidelity traditional IRA. No other accounts are eligible for this offer.

https://www.fidelity.com/go/offer-faqs

In the terms and conditions it says:
For individuals who open a Roth or traditional IRA account, in order to be eligible to contribute to the IRA (traditional or Roth) you will need to have earned income at least equal to any IRA contribution made for 2021. Individuals who max out their contribution for the calendar year are also not eligible for the bonus award.

Has anyone been told if the $100 bonus will be shown as an IRA contribution, rather than earnings?

I am wondering if that statement is there because the $100 will be a contribution and so, if you have maxed out, you would not get it because it would cause you to exceed the contribution limit. A more convoluted interpretation could be that if you have already contributed the max, you won't be able to open a $50 account and so will not be eligible.

That's a great question that I would also like to know the answer to.

I think it's referring to the $50, but you won't likely be able to get a good answer, bonus posting is automatic and the reps likely to not know the inner workings.

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jeffyscott
Posts: 10124
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Location: Wisconsin

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by jeffyscott »

nalor511 wrote: ↑Sat Oct 30, 2021 8:46 pm

EnjoyIt wrote: ↑Sat Oct 30, 2021 7:59 pm

jeffyscott wrote: ↑Sat Oct 30, 2021 7:33 am

anon_investor wrote: ↑Wed Oct 20, 2021 6:12 am I just saw a new promo from Fidelity, $100 for depositing $50. My spouse and I may each open up new brokerage or CMA accounts at Fidelity today. We already have 529 plans there and my company is moving my HSA to Fidelity early next year.

https://www.fidelity.com/go/special-offer

LIMITED TIME OFFER

Get $100 when you open an eligible account
Promo code FIDELITY100

  • Open a new account

    Use promo code FIDELITY100 when opening The Fidelity Account®, Cash Management Account, Roth IRA, or traditional IRA.*

  • Fund it with $50

    Deposit $50 or more within 15 days after opening your account.

  • Get your $100

    Receive your cash reward! We'll add $100 within 25 days after opening your account.

https://www.fidelity.com/go/terms-conditions

$50 for $100 Cash Offer Terms and Conditions

This offer is valid for new or existing Fidelity Brokerage Services LLC ("Fidelity") customers who open and fund a new, eligible Fidelity account with a minimum of $50 on or after October 18, 2021 through Fidelity.com/go/special-offer. Offer is limited to one account per individual.

Eligible accounts include The Fidelity Account, Fidelity Cash Management Account, Fidelity Roth IRA, or a Fidelity traditional IRA. No other accounts are eligible for this offer.

https://www.fidelity.com/go/offer-faqs

In the terms and conditions it says:
For individuals who open a Roth or traditional IRA account, in order to be eligible to contribute to the IRA (traditional or Roth) you will need to have earned income at least equal to any IRA contribution made for 2021. Individuals who max out their contribution for the calendar year are also not eligible for the bonus award.

Has anyone been told if the $100 bonus will be shown as an IRA contribution, rather than earnings?

I am wondering if that statement is there because the $100 will be a contribution and so, if you have maxed out, you would not get it because it would cause you to exceed the contribution limit. A more convoluted interpretation could be that if you have already contributed the max, you won't be able to open a $50 account and so will not be eligible.

That's a great question that I would also like to know the answer to.

I think it's referring to the $50, but you won't likely be able to get a good answer, bonus posting is automatic and the reps likely to not know the inner workings.

It looks like someone got the answer on Reddit, it appears to be an official response from a Fidelity rep:
The promotional reward is deposited into the newly opened account. In IRAs, the deposit will not count as a contribution.
https://www.reddit.com/r/fidelityinvest ... omo_taxed/

The response does repeat the confusing: Individuals who max out their contributions for the calendar year are also not eligible for the bonus award. So it appears that what they really mean is something like: "Individuals who have already maxed out their contributions for the calendar year would not be eligible to make a $50 contribution to the new IRA account and thus would be unable to qualify for the bonus award." (They might also want to avoid the possibility that someone over-contributes and then withdraws the $50 as an excess contribution as soon as the bonus posts.)

The two greatest enemies of the equity fund investor are expenses and emotions. ― John C. Bogle

EnjoyIt
Posts: 6203
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by EnjoyIt »

jeffyscott wrote: ↑Sun Oct 31, 2021 8:02 am

nalor511 wrote: ↑Sat Oct 30, 2021 8:46 pm

EnjoyIt wrote: ↑Sat Oct 30, 2021 7:59 pm

jeffyscott wrote: ↑Sat Oct 30, 2021 7:33 am

In the terms and conditions it says:
For individuals who open a Roth or traditional IRA account, in order to be eligible to contribute to the IRA (traditional or Roth) you will need to have earned income at least equal to any IRA contribution made for 2021. Individuals who max out their contribution for the calendar year are also not eligible for the bonus award.

Has anyone been told if the $100 bonus will be shown as an IRA contribution, rather than earnings?

I am wondering if that statement is there because the $100 will be a contribution and so, if you have maxed out, you would not get it because it would cause you to exceed the contribution limit. A more convoluted interpretation could be that if you have already contributed the max, you won't be able to open a $50 account and so will not be eligible.

That's a great question that I would also like to know the answer to.

I think it's referring to the $50, but you won't likely be able to get a good answer, bonus posting is automatic and the reps likely to not know the inner workings.

It looks like someone got the answer on Reddit, it appears to be an official response from a Fidelity rep:
The promotional reward is deposited into the newly opened account. In IRAs, the deposit will not count as a contribution.
https://www.reddit.com/r/fidelityinvest ... omo_taxed/

The response does repeat the confusing: Individuals who max out their contributions for the calendar year are also not eligible for the bonus award. So it appears that what they really mean is something like: "Individuals who have already maxed out their contributions for the calendar year would not be eligible to make a $50 contribution to the new IRA account and thus would be unable to qualify for the bonus award." (They might also want to avoid the possibility that someone over-contributes and then withdraws the $50 as an excess contribution as soon as the bonus posts.)

Thanks for clarifying and posting.

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

nalor511 wrote: ↑Sat Oct 30, 2021 3:39 pm Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

Just opened an account. How to check whether the promotion is coded correctly?

nalor511
Posts: 2170
Joined: Mon Jul 27, 2015 1:00 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

student wrote: ↑Sun Oct 31, 2021 7:29 pm

nalor511 wrote: ↑Sat Oct 30, 2021 3:39 pm Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

Just opened an account. How to check whether the promotion is coded correctly?

I took a screenshot during account creation, did you?

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

nalor511 wrote: ↑Sun Oct 31, 2021 7:40 pm

student wrote: ↑Sun Oct 31, 2021 7:29 pm

nalor511 wrote: ↑Sat Oct 30, 2021 3:39 pm Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

Just opened an account. How to check whether the promotion is coded correctly?

I took a screenshot during account creation, did you?

I forgot. By the time and I realized it, it was too late. Stupid Stupid Stupid. I did check that the code was there.

nalor511
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

student wrote: ↑Sun Oct 31, 2021 7:48 pm

nalor511 wrote: ↑Sun Oct 31, 2021 7:40 pm

student wrote: ↑Sun Oct 31, 2021 7:29 pm

nalor511 wrote: ↑Sat Oct 30, 2021 3:39 pm Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

Just opened an account. How to check whether the promotion is coded correctly?

I took a screenshot during account creation, did you?

I forgot. By the time and I realized it, it was too late. Stupid Stupid Stupid. I did check that the code was there.

Then don't worry about it, they are really quick with the bonus, take a breath and you will know in a couple days

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

nalor511 wrote: ↑Sun Oct 31, 2021 8:01 pm

student wrote: ↑Sun Oct 31, 2021 7:48 pm

nalor511 wrote: ↑Sun Oct 31, 2021 7:40 pm

student wrote: ↑Sun Oct 31, 2021 7:29 pm

nalor511 wrote: ↑Sat Oct 30, 2021 3:39 pm Here's my timeline:

Apply 10/26 morning
Approved 10/26 evening
Add ACH 10/26 late night
ACH Trial Deposits Received 10/28 morning
Transfer $10k 10/28 morning (before their 1pmCST cutoff)
Bonus $500 paid 10/29 really late night (didn't see it until 10/30, but the transaction is coded 10/29)

Just opened an account. How to check whether the promotion is coded correctly?

I took a screenshot during account creation, did you?

I forgot. By the time and I realized it, it was too late. Stupid Stupid Stupid. I did check that the code was there.

Then don't worry about it, they are really quick with the bonus, take a breath and you will know in a couple days

That's the plan. I am the guinea pig among my group of friends. lol.

nalor511
Posts: 2170
Joined: Mon Jul 27, 2015 1:00 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

student wrote: ↑Sun Oct 31, 2021 8:04 pm

nalor511 wrote: ↑Sun Oct 31, 2021 8:01 pm

student wrote: ↑Sun Oct 31, 2021 7:48 pm

nalor511 wrote: ↑Sun Oct 31, 2021 7:40 pm

student wrote: ↑Sun Oct 31, 2021 7:29 pm

Just opened an account. How to check whether the promotion is coded correctly?

I took a screenshot during account creation, did you?

I forgot. By the time and I realized it, it was too late. Stupid Stupid Stupid. I did check that the code was there.

Then don't worry about it, they are really quick with the bonus, take a breath and you will know in a couple days

That's the plan. I am the guinea pig among my group of friends. lol.

No risk on this one. They don't pay? Contact them via chat. Still don't pay? Yank the money back, not much of a big deal, would be annoying, but nothing to stress over

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

nalor511 wrote: ↑Sun Oct 31, 2021 8:12 pm

student wrote: ↑Sun Oct 31, 2021 8:04 pm

nalor511 wrote: ↑Sun Oct 31, 2021 8:01 pm

student wrote: ↑Sun Oct 31, 2021 7:48 pm

nalor511 wrote: ↑Sun Oct 31, 2021 7:40 pm

I took a screenshot during account creation, did you?

I forgot. By the time and I realized it, it was too late. Stupid Stupid Stupid. I did check that the code was there.

Then don't worry about it, they are really quick with the bonus, take a breath and you will know in a couple days

That's the plan. I am the guinea pig among my group of friends. lol.

No risk on this one. They don't pay? Contact them via chat. Still don't pay? Yank the money back, not much of a big deal, would be annoying, but nothing to stress over

Yes.

pre
Posts: 132
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by pre »

student wrote: ↑Sun Oct 31, 2021 7:29 pm Just opened an account. How to check whether the promotion is coded correctly?

Why not just send Tastyworks a message to verify?

Also, upon account log-in, in the bottom right hand corner, it should state the promo "referral" code of "GIVE_ME_FIVE_2021", which is mentioned as a requirement in the offer terms.

nalor511
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

pre wrote: ↑Mon Nov 01, 2021 1:00 am

student wrote: ↑Sun Oct 31, 2021 7:29 pm Just opened an account. How to check whether the promotion is coded correctly?

Why not just send Tastyworks a message to verify?

Also, upon account log-in, in the bottom right hand corner, it should state the promo "referral" code of "GIVE_ME_FIVE_2021", which is mentioned as a requirement in the offer terms.

You guys. I'm always wary about interfering with the automated process, lest I lose my bonus for whatever reason. They can always pull it at their discretion. It's literally a two day wait. Don't poke the bear.

student
Posts: 6031
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

pre wrote: ↑Mon Nov 01, 2021 1:00 am

student wrote: ↑Sun Oct 31, 2021 7:29 pm Just opened an account. How to check whether the promotion is coded correctly?

Why not just send Tastyworks a message to verify?

Also, upon account log-in, in the bottom right hand corner, it should state the promo "referral" code of "GIVE_ME_FIVE_2021", which is mentioned as a requirement in the offer terms.

Thank you. I see it.

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

Post by LadyGeek »

A quick google search shows a publicly available promo code: Learn How Our Promo Code Offer Works | E*TRADE

Offer valid for new E*TRADE Securities customers opening one new eligible retirement or brokerage account by 11/30/2021 and funded within 60 days of account opening with $10,000 or more. Promo code 'BONUS21'.

Click on the Offer Details link to see offers for existing customers.

Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

nalor511
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

LadyGeek wrote: ↑Tue Nov 02, 2021 3:00 pm A quick google search shows a publicly available promo code: Learn How Our Promo Code Offer Works | E*TRADE

Offer valid for new E*TRADE Securities customers opening one new eligible retirement or brokerage account by 11/30/2021 and funded within 60 days of account opening with $10,000 or more. Promo code 'BONUS21'.

Click on the Offer Details link to see offers for existing customers.

Wow, the lower bonus tiers are super stingy! For example tastyworks still has their $10,000/$500 going.

Cash Credit Deposit Amount
$50 $10,000–$19,999
$100 $20,000–$24,999
$200 $25,000–$99,999
$300 $100,000–$199,999
$600 $200,000–$499,999
$1,200 $500,000–$999,999
$2,500 $1,000,000–$1,499,999
$3,000 $1,500,000+

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

Post by lazyday »

sc9182 wrote: ↑Tue Nov 02, 2021 2:17 pm In the following offer, which tops out at $4,000 for $2 Million transfer-in, or lower tiers available: and requires 150 some days holding period:
https://www.m1finance.com/november-transfer/

Nice bonus.

IRAs don't seem eligible:

The following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust.

Be sure your securities are traded by M1:

any security transferred via ACATS that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.

And maybe don't play games:

M1 Finance may charge the account for the cost of the offer at its sole discretion.

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

Post by sycamore »

student wrote: ↑Tue Nov 02, 2021 3:24 pm

nalor511 wrote: ↑Tue Nov 02, 2021 2:22 pm

student wrote: ↑Mon Nov 01, 2021 11:26 am I saw etrade has a bonus for existing customers in September. I contacted Schwab and they essentially matched it. I have received the $100 bonus.

Could you share a link? Best

I think the promotion for etrade has expired. I used https://us.etrade.com/promo/choose-your-offer-4k but the page no longer exists.

The promo at that link has indeed expired, but there's another active E*Trade bonus offer:

LadyGeek wrote: ↑Tue Nov 02, 2021 3:00 pm A quick google search shows a publicly available promo code: Learn How Our Promo Code Offer Works | E*TRADE

Offer valid for new E*TRADE Securities customers opening one new eligible retirement or brokerage account by 11/30/2021 and funded within 60 days of account opening with $10,000 or more. Promo code 'BONUS21'.

Click on the Offer Details link to see offers for existing customers.

student
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Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

sycamore wrote: ↑Tue Nov 02, 2021 3:38 pm

student wrote: ↑Tue Nov 02, 2021 3:24 pm

nalor511 wrote: ↑Tue Nov 02, 2021 2:22 pm

student wrote: ↑Mon Nov 01, 2021 11:26 am I saw etrade has a bonus for existing customers in September. I contacted Schwab and they essentially matched it. I have received the $100 bonus.

Could you share a link? Best

I think the promotion for etrade has expired. I used https://us.etrade.com/promo/choose-your-offer-4k but the page no longer exists.

The promo at that link has indeed expired, but there's another active E*Trade bonus offer:

LadyGeek wrote: ↑Tue Nov 02, 2021 3:00 pm A quick google search shows a publicly available promo code: Learn How Our Promo Code Offer Works | E*TRADE

Offer valid for new E*TRADE Securities customers opening one new eligible retirement or brokerage account by 11/30/2021 and funded within 60 days of account opening with $10,000 or more. Promo code 'BONUS21'.

Click on the Offer Details link to see offers for existing customers.

Maybe I understood, I thought the point was getting a promo that gives bonus to existing customers. I have never tried asking them to match a new account bonus as an existing customer.

sc9182
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sc9182 »

lazyday wrote: ↑Tue Nov 02, 2021 3:08 pm

sc9182 wrote: ↑Tue Nov 02, 2021 2:17 pm In the following offer, which tops out at $4,000 for $2 Million transfer-in, or lower tiers available: and requires 150 some days holding period:
https://www.m1finance.com/november-transfer/

Nice bonus.

IRAs don't seem eligible:

The following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust.

Be sure your securities are traded by M1:

any security transferred via ACATS that is not traded by M1 will be liquidated, including but not limited to Mutual Funds and Over-The-Counter securities.

And maybe don't play games:

M1 Finance may charge the account for the cost of the offer at its sole discretion.

Last time us and others checked: IRAs worked just fine. Their meaning of Retirement accounts mean (me guessing) - transfers from 401K account to M1 IRA won't work for this bonus offer. In such case, roll over your old 401k into an IRA at wherever, then use M1 ACATS for transfer-in.

There are certain oddball ETFs/ETNs such as GBTC, many OTC/penny stocks etc May not work (worse yet, those will be sold prior to transfer :-(

lazyday
Posts: 3803
Joined: Wed Mar 14, 2007 10:27 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by lazyday »

sc9182 wrote: ↑Tue Nov 02, 2021 5:44 pm

lazyday wrote: ↑Tue Nov 02, 2021 3:08 pm (snip)
IRAs don't seem eligible:

The following accounts are ineligible to receive any cash deposit: any retirement, custodial or trust.

(snip)
Last time us and others checked: IRAs worked just fine.

From a quick search of this thread, it looks like an IRA bonus may have been given, and put into the taxable account.

I suppose anyone wanting an IRA could try to get something in writing.

We support:

Brokerage Accounts (Individual, Joint)
Retirement Accounts (Traditional, Roth, SEP IRAs)
Trust Accounts
Custodial Accounts

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

Post by calwatch »

Svensk Anga wrote: ↑Thu Nov 04, 2021 1:23 pm This is for taxable accounts only, no IRA's. Also funds must come in as cash via ACH. Securities transfer via ACATS doesn't count.

Doesn't work for me.

I've seen M1 bonuses regularly come through ACATS. I talk about M1 so I should probably have lived experience using their service.

I have used Vanguard, Fidelity, Schwab, Ameritrade, Interactive Brokers, Merrill Edge, Chase YouInvest, Stockpile, Optionshouse, Ally Invest, eTrade (for a brief period after they bought Optionshouse), Zecco, TradeKing (briefly after they bought Zecco), OptionsXpress, Tastyworks, Sharebuilder (when it was owned by ING) and I'm sure I'm forgetting some others. The brokers I have never used that give bonuses are Lightspeed, Tradestation, Webull, and a few others and I am saving those for higher bonuses.

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

MrJedi wrote: ↑Sat Oct 30, 2021 6:17 am My tastyworks bonus posted.

10/25 Applied for cash account
10/26 Account approved
10/26-27 Setup ACH link and deposited 10k
10/29 $500 bonus posted
10/30 setup calendar reminder to withdraw on 2/1 (90 day hold required)

I think I'll have spouse get an account too.

My experience in the same. Thanks again for giving us the details.

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indexfundfan
Posts: 3298
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by indexfundfan »

student wrote: ↑Thu Nov 04, 2021 2:50 pm

MrJedi wrote: ↑Sat Oct 30, 2021 6:17 am My tastyworks bonus posted.

10/25 Applied for cash account
10/26 Account approved
10/26-27 Setup ACH link and deposited 10k
10/29 $500 bonus posted
10/30 setup calendar reminder to withdraw on 2/1 (90 day hold required)

I think I'll have spouse get an account too.

My experience in the same. Thanks again for giving us the details.

+1

This bonus was one of the quickest to post. I received it the day after my account hits $10k.

My signature has been deleted.

lakingsrule
Posts: 2
Joined: Sat Nov 06, 2021 11:24 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by lakingsrule »

Hello everyone, I am very interested in the tastyworks $10,000.00 transfer for $500.00 bonus - I just wanted to be absolutely sure that I will NOT be forced to make any trades. Would I just be able to leave the $10,000.00 and $500.00 bonus there for 90 days and then withdraw an even $10,500.00 after those 90 days without any fees?

Thank you for your help.

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

lakingsrule wrote: ↑Sat Nov 06, 2021 11:27 am Hello everyone, I am very interested in the tastyworks $10,000.00 transfer for $500.00 bonus - I just wanted to be absolutely sure that I will NOT be forced to make any trades. Would I just be able to leave the $10,000.00 and $500.00 bonus there for 90 days and then withdraw an even $10,500.00 after those 90 days without any fees?

Thank you for your help.

My understanding is yes. That's my plan.

TheKman
Posts: 3
Joined: Sat Nov 06, 2021 5:15 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by TheKman »

student wrote: ↑Sat Nov 06, 2021 12:28 pm

lakingsrule wrote: ↑Sat Nov 06, 2021 11:27 am Hello everyone, I am very interested in the tastyworks $10,000.00 transfer for $500.00 bonus - I just wanted to be absolutely sure that I will NOT be forced to make any trades. Would I just be able to leave the $10,000.00 and $500.00 bonus there for 90 days and then withdraw an even $10,500.00 after those 90 days without any fees?

Thank you for your help.

My understanding is yes. That's my plan.

Is there any reason not to park the funds in VTI (or something of that nature) for the 90 day duration?

sycamore
Posts: 3108
Joined: Tue May 08, 2018 12:06 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sycamore »

TheKman wrote: ↑Wed Nov 10, 2021 3:44 am

student wrote: ↑Sat Nov 06, 2021 12:28 pm

lakingsrule wrote: ↑Sat Nov 06, 2021 11:27 am Hello everyone, I am very interested in the tastyworks $10,000.00 transfer for $500.00 bonus - I just wanted to be absolutely sure that I will NOT be forced to make any trades. Would I just be able to leave the $10,000.00 and $500.00 bonus there for 90 days and then withdraw an even $10,500.00 after those 90 days without any fees?

Thank you for your help.

My understanding is yes. That's my plan.

Is there any reason not to park the funds in VTI (or something of that nature) for the 90 day duration?

Depends on how you intend to withdraw the $10,500 (or whatever the VTI is worth after 90 days).

Tastyworks charges $75 for an outgoing ACAT Transfers. But maybe you can get the incoming brokerage to reimburse you for it?

If you transfer via ACH (no fee), you'd have to sell the VTI first, which would incur a short-term capital gain or loss.

Either approach might be worth it; that's up to you.

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

TheKman wrote: ↑Wed Nov 10, 2021 3:44 am

student wrote: ↑Sat Nov 06, 2021 12:28 pm

lakingsrule wrote: ↑Sat Nov 06, 2021 11:27 am Hello everyone, I am very interested in the tastyworks $10,000.00 transfer for $500.00 bonus - I just wanted to be absolutely sure that I will NOT be forced to make any trades. Would I just be able to leave the $10,000.00 and $500.00 bonus there for 90 days and then withdraw an even $10,500.00 after those 90 days without any fees?

Thank you for your help.

My understanding is yes. That's my plan.

Is there any reason not to park the funds in VTI (or something of that nature) for the 90 day duration?

What are you going to do with the VTI? To transfer out, there is a fee. To withdraw cash, there is no fee. Of course you can sell VTI and transfer the cash. I generally do not like to invest in stock market for short durations.

TheKman
Posts: 3
Joined: Sat Nov 06, 2021 5:15 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by TheKman »

sycamore & student - thanks for your insight.

I am taking advantage of the tastyworks bonus. I was planning to park the dollars in a couple ETF's, but you bring up a good point on creating a short-term gain. I still may do so and know I will pay the fee for the transfer. If the money grows over 90 days, between the bonus and the growth, I won't be too upset over the $75 transfer fee. If it drops, I may just let it ride there. I was going to invest this money in my personal brokerage account anyway.

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sarabayo
Posts: 521
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sarabayo »

sycamore wrote: ↑Wed Nov 10, 2021 8:49 am

TheKman wrote: ↑Wed Nov 10, 2021 3:44 am

student wrote: ↑Sat Nov 06, 2021 12:28 pm

lakingsrule wrote: ↑Sat Nov 06, 2021 11:27 am Hello everyone, I am very interested in the tastyworks $10,000.00 transfer for $500.00 bonus - I just wanted to be absolutely sure that I will NOT be forced to make any trades. Would I just be able to leave the $10,000.00 and $500.00 bonus there for 90 days and then withdraw an even $10,500.00 after those 90 days without any fees?

Thank you for your help.

My understanding is yes. That's my plan.

Is there any reason not to park the funds in VTI (or something of that nature) for the 90 day duration?

Depends on how you intend to withdraw the $10,500 (or whatever the VTI is worth after 90 days).

Tastyworks charges $75 for an outgoing ACAT Transfers. But maybe you can get the incoming brokerage to reimburse you for it?

If you transfer via ACH (no fee), you'd have to sell the VTI first, which would incur a short-term capital gain or loss.

Either approach might be worth it; that's up to you.

I'm parking my $10.5k in VUSB and plan to sell it before I leave, unless I can convince Fidelity or Merrill Edge to reimburse me the $75 outgoing ACAT fee. The cash came out of my emergency fund in the first place so I figured an ultra short bond fund would be a good interim place to park it. And by nature that kind of fund doesn't tend to generate much capital gains or losses when you sell it, so that's a plus. Its 30-day SEC yield is currently 0.47%, so almost as good as 0.50% my cash was earning at Ally previously (plus or minus changes in the NAV of course).

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

Post by anon_investor »

I received my $100 bonus from Fidelity today for opening a new account and depositing $50 (FIDELITY100 promo). So it took about 3 weeks to receive the bonus from account open/funding.

I did receive the promo registration confirmation email when I opened the account. My spouse opened an account and funded on the same time I did and did not get the promo registration confirmation email. She has a secure message from Fidelity where the CS rep confirmed she is registered and will get the bonus, but to contact them if the bonus does not show up 25 days after the account opening date. Her bonus did not show up today, so if doesn't show up, next week she will have to contact Fidelity CS. :annoyed

student
Posts: 6031
Joined: Fri Apr 03, 2015 6:58 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

Delta1 wrote: ↑Wed Nov 10, 2021 10:41 pm

student wrote: ↑Tue Nov 02, 2021 3:24 pm

nalor511 wrote: ↑Tue Nov 02, 2021 2:22 pm

student wrote: ↑Mon Nov 01, 2021 11:26 am I saw etrade has a bonus for existing customers in September. I contacted Schwab and they essentially matched it. I have received the $100 bonus.

Could you share a link? Best

I think the promotion for etrade has expired. I used https://us.etrade.com/promo/choose-your-offer-4k but the page no longer exists.

Signed up & did acats to Etrade today with 1500, for 500k, now I feel like I missed out...oops

$1,500 for $500,000 is good.

nalor511
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

anon_investor wrote: ↑Thu Nov 11, 2021 7:23 am I received my $100 bonus from Fidelity today for opening a new account and depositing $50 (FIDELITY100 promo). So it took about 3 weeks to receive the bonus from account open/funding.

I did receive the promo registration confirmation email when I opened the account. My spouse opened an account and funded on the same time I did and did not get the promo registration confirmation email. She has a secure message from Fidelity where the CS rep confirmed she is registered and will get the bonus, but to contact them if the bonus does not show up 25 days after the account opening date. Her bonus did not show up today, so if doesn't show up, next week she will have to contact Fidelity CS. :annoyed

I got the promo enrolled message, but no bonus 22 days after account funding, I'm sure we'll get it even if it has to be manual via CS

Edit: got it overnight!

Last edited by nalor511 on Fri Nov 12, 2021 3:46 am, edited 1 time in total.