Contents
The Offer
- Charles Schwab is offering $101 in the form of Schwab Stock Slices. Requirements are as follows:
- Open an account via the landing page
- Fund your account with a minimum of $50 within 30 days of opening the account to qualify
- Once funded, Schwab will deposit $101 in your account to purchase your stock slices
Our Verdict
Most brokerage bonuses have much higher requirements. Having this account is also useful if you wanted to apply for the Charles Schwab Platinum.
Hat tip to dnet4
Looks like it’s back at $50 now
Most other brokerages put the payout amount in 1099-MISC. However, Schwab puts it in 1099-INT. Any idea why?
I think it expired. I don’t see it on their website anymore.
Lemme know if I’m wrong lol
Hmm, yeah, I don’t see it. Maybe expired.
3/4/25 Opened Account
3/5/25 $50 Chase Bank Transfer
3/5/25 $51 Chase Bank Transfer
3/10/25 $101 Promotional Bonus, cancelled slices before they could happen.
is anyone else havin issues with adding an external account for transfers ?? keep gettin errors
Well, now I have 50 checks and a debit card I didn’t order for an account I had no intention of using.
.
Received my 1099 Composite from them today and they classified the $101 as interest income. Personally, I thought they would just set the stocks awarded base at $0 and then when sold you’d pay capital gains on the full value of the sale. Guess not.
William Charles
Slices are AAPL, AMZN, GOOGL, MSFT and NVDA
Is that typical or are they different for others?
A month later, I’m finally logged in.
No referral bonus i take?