Available Nationwide
Requirements
- Open an account using the “Open an account” button at the bottom of the page.
- Fund your account with $50 within 30 days of account opening ($101).
- $101 will be credited the next business day after meeting qualifications. Schwab will then place five $20.20 trade orders for each of the top 5 stocks in the S&P 500*.
How to waive fees
No monthly maintenance fees or account minimums to worry about.
Additional Terms and Conditions
The cash bonus will be reported on your Form 1099-INT. Any related taxes are your responsibility.
*You don’t have to invest the bonus. If you cancel your orders, you keep the $101 cash bonus and can save or invest it however you want.
The Schwab Starter Kit™ offer is only available to eligible new customers. To be eligible to receive the $101 cash bonus, you must be an individual who does not have a Charles Schwab & Co., Inc. (“Schwab”) account (other than a Schwab Stock Plan Services account) and who: (1) opens a Schwab One individual taxable retail brokerage account and (2) deposits at least $50 into that account within 30 days of enrolling in the offer (only outside assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services are excluded).