Welcome to Schwab! You got here just in time to earn a $500 bonus.
Thanks for visiting from NerdWallet. Now you can earn up to $500 with the Schwab New Client Award when you make a qualifying net deposit.
When you open a new account, your promotion code will be automatically applied.
Qualifying net deposits for cash award
| Get a cash bonus of: | Deposit at least: |
|---|---|
| $100 | $10,000 |
| $200 | $25,000 |
| $300 | $50,000 |
| $500 | $100,000 or more |
How it works:
Become a Schwab client.
When you open a new account using the button above, your referral code will be applied automatically.
Fund your account.
Make a qualifying net deposit of cash or securities within 45 days of opening your account.
Get up to $500.
Receive your Bonus Award deposit in your account about a week after the 45-day period.
Common questions
The Schwab New Client Award is a tiered promotional offer available to new clients who open an account and make a qualifying deposit into an eligible retail brokerage account. The deposit must be made within 45 days of enrollment in the offer for the client to be eligible for a bonus award.
Individual brokerage, joint brokerage, Roth IRA, Traditional IRA, and Rollover IRA accounts are eligible. This offer is limited to one per account, with no more than one account enrolled per client.
The offer does not apply to accounts managed by independent investment advisors, the Schwab Global Account®, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, or education savings accounts.
By opening an eligible account through this page, you will be automatically enrolled in the offer. When you make a qualifying deposit, a promo code will be automatically applied. You will receive the cash award in your account about a week after the 45-day period. See below for tiers and full terms and conditions.
A qualifying deposit includes new funds or securities transferred into your new account. Net deposits are assets deposited into the enrolled account minus assets withdrawn from the account and transferred out of Schwab.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 cash bonus will be credited to the enrolled account within approximately one week.
The Schwab New Client Award, when combined with the value received from all other offers in the last 12 months, may not exceed $5,000 per household, as defined in the Charles Schwab Pricing Guide for Individual Investors. The offer is not transferable, saleable, or valid in conjunction with certain other offers and is available to U.S. residents only.
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 cash bonus.
Schwab New Client Award Terms and Conditions
- Enroll and make a qualifying net deposit of at least $10,000 and earn a cash bonus of $100.
- Enroll and make a qualifying net deposit of at least $25,000 and earn a cash bonus of $200.
- Enroll and make a qualifying net deposit of at least $50,000 and earn a cash bonus of $300.
- Enroll and make a qualifying net deposit of at least $100,000 and earn a cash bonus of $500.
This offer is valid for individuals who do not 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 enrollment 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 cash bonus 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 cash bonus.
Schwab reserves the right to change the offer terms or terminate the offer at any time without notice. The offer is limited to one per account, with no more than one account enrolled per client. The offer does not apply to accounts managed by independent investment advisors, the Schwab Global Account®, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, or education savings accounts. The cash bonus, when combined with the value received from all other offers in the last 12 months, may not exceed $5,000 per household, as defined in the Charles Schwab Pricing Guide for Individual Investors. The offer is not transferable, saleable, or valid in conjunction with certain 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. Schwab may decline requests to enroll in the offer at its discretion. Other restrictions may apply.
Consult with your tax advisor about the appropriate tax treatment of the offer and any tax implications associated with receipt before enrolling. For taxable accounts, the cash bonus will be reported on your Form 1099-INT. Any related taxes are your responsibility. Recent IRS guidance may impact your ability to make more than one IRA-to-IRA rollover in a one-year period.