A true-blue friend has referred you to Schwab.
Great news! A friend has shared our exciting new Referral Offer with you.
How it works:
StepBecome a Schwab client.
Call us between the hours of 8:30 a.m. - 8:00 p.m. EST to enroll in this offer.
StepFund your account.
Make a qualifying net deposit of cash or securities within 45 days.
StepGet up to $1,000.
Make a qualifying net deposit of cash or securities within 45 days of opening the account. We'll deposit the Bonus Award into your account about a week after the 45 day period.
- Is a Schwab Bank High Yield Investor Checking® Account an eligible account type for this offer?
No. Schwab Bank High Yield Investor Checking® ("HYIC") accounts do not qualify for this promotion whether they are linked to a brokerage or are stand-alone. If you make a deposit in a HYIC account, you will not receive the award.
- What is Schwab's Referral Offer?
Schwab's Referral Offer rewards referred friends and family of Schwab clients with a Bonus Award for becoming a new Schwab client and making a qualifying net deposit.
- What is a referral code, and how do I share it with friends and family?
Every client has a unique referral code. When you share it with friends and family, they can use it to enroll in the Offer when they become a new Schwab client and open an eligible account.
- Who gets the Bonus Award, and when do they get it?
The Bonus Award goes to the referred new client when they make a qualifying net deposit within 45 days of opening an eligible account and becoming a Schwab client. We'll deposit up to $1,000 in their account about a week after the 45-day qualification period.
- What accounts can be opened to get the Bonus Award?
Accounts that are eligible for the Referral Offer include: Schwab retail brokerage accounts and individual retirement accounts (IRAs), including accounts enrolled in Schwab-sponsored investment advisory programs such as Schwab Intelligent Portfolios®, Schwab Managed Portfolios™, Schwab Managed Account Select®, Schwab Managed Account Connection®, and Schwab Private Client™.
You must make the qualifying net deposit in a Schwab One® account. Schwab Bank High Yield Investor Checking® ("HYIC") accounts do not qualify for this promotion whether they are linked to a brokerage or are stand-alone. If you make a deposit in a HYIC account, you will not receive the award. The offer also does not apply to the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, education savings accounts, Schwab Bank accounts, corporate accounts, or accounts managed by independent investment advisors.
- Can this offer be combined with other offers?
No. This offer can't be combined with other offers.
- Can two new clients in the same home get the award?
Yes. As long as both clients are new to Schwab, each can individually open an account and separately qualify for the Bonus Award, provided that each makes a qualifying net deposit.
- Will I know when a friend or family member opens an account?
- See full terms and conditions.
Offer valid for referred individuals who do not currently have a Charles Schwab & Co., Inc. ("Schwab") account (other than a Stock Plan Services account) and who open and make a qualifying net deposit into an eligible retail brokerage account within 45 days of enrolling in the offer.
Net deposits are assets deposited into the enrolled account minus assets withdrawn from the account and transferred out of Schwab. Only outside assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services are excluded.
Net deposits will be calculated as of the 45th day after enrollment, and the bonus award will be credited to the enrolled account within approximately one week. For taxable accounts, you must maintain the net deposit amount (less any market losses) at Schwab for at least one year or Schwab may charge back the bonus award.
Schwab reserves the right to change the offer terms or terminate the offer at any time without notice. This offer is limited to one per account, with no more than one account enrolled per client. The offer does not apply to Schwab Bank High Yield Investor Checking accounts, the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, education savings accounts, corporate accounts, or accounts managed by independent investment advisors. Custodial accounts are eligible for the award. This offer is not transferable, saleable, or valid in conjunction with other offers and is available to U.S. residents only.
Employees, contractors, or persons similarly associated with Schwab or a Schwab affiliate; their spouses; and employees of any securities regulatory organization or exchange are not eligible. Other restrictions may apply.
Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt before enrolling. Any related taxes are your responsibility. For taxable accounts, the bonus award will be reported on your Form 1099-INT. IRS guidance may impact your ability to make more than one IRA-to-IRA rollover in a one-year period.