Schwab referral promo awards up to $500 bonus | Charles Schwab
Referred friends can get up to $500.
That's true-blue friendship. When you're referred and become a new Schwab client, you can get up to $500. Simply enroll in the offer and make a qualifying net deposit.
Net Deposit | Bonus Award |
---|---|
$1,000–$24,999 | $100 |
$25,000–$49,999 | $200 |
$50,000–$99,999 | $300 |
$100,000+ | $500 |
How it works:
-
Get a referral code/link.
Don't have a referral code? Ask your Schwab friend to share their code/link with you.
-
Become a Schwab client.
Open an eligible account using the button below (see FAQ). You will be asked to provide the Schwab client's referral code during the account open process.
Open an Account -
Get up to $500.
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.
Common questions
You sign up and enroll March 1st. Even though you make a qualifying deposit March 15th the promotion will "read" your net deposits at the 45 day mark (around April 15th), and process your award. Payment will be made 1-2 weeks after, around April 25th.
You sign up and enroll March 1st. You make a qualifying deposit on April 10th,the promotion will "read" your net deposits at the 45 day mark (around April 15th), and process your award. You award will be posted approximately April 25th.
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.
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. It 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 bonus 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. 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.