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fyi: $$$ incentive for new Schwab accounts

MikeMMikeM
in Off-Topic
Thought I'd share this with anyone thinking about a rollover or any other reason to transfer money to a Charles Schwab account. I recently set up an IRA for a partial rollover of my 401k. About a week after opening the account, I got a call from the local Charles Schwab rep who I initially met with. He said I was eligible for a $1200 bonus and he would submit the paper work. I'm happy camper:)

(info from an email)
Make a qualifying net deposit of cash or securities: Earn a cash bonus of:
$50,000 - $99,999 $200
$100,000 - $249,999 $300
$250,000 - $499,999 $600
$500,000 - $999,999 $1,200
$1,000,000 or more $2,500






Comments

  • Derf
    @Happy Camper: Good for you ! FWIW, What are they going to give me for letting my money there? Same old , same old ! I'm surprised they didn't stiff you because, usually you have to ask for ( rebate) up front. Lost out on a deal with Direct this way.

    Derf
  • Old_JoeOld_Joe
    I had the same experience when I transferred 100k from an American Funds Mmkt to Schwab. They told me about the offer after I had made the deposit. Yes, its only 0.03%, but that's better than nothing... will buy us three nice restaurant dinners.
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