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Jamie
Jamie

Does anyone have a recent 2023 datapoint on the bonus working for current TDAmeritrade clients? I ask cos Schwab bought TDAmeritrade and some TD accounts have started the conversion to Schwab. Mine has been converted over yet … wondering if its too late.

Brian
Brian

I had an account with TD ameritrade a few months back in March and recently opened Schwab about a month ago in late May. I still haven’t received my bonus for the Schwab starter kit, but I talk to support and they said they put in a ticket for me to get the bonus and I’m waiting for it to be resolved. Long story short, if you have a open TD ameritrade account and then decide to open up a Schwab account, without talking to support you will most likely not qualify as it seems they count you as an existing customer. Ill update you to let you know if I get the bonus.

Jamie
Jamie

Thanks for the datapoint. I guess I’ll pass on this, better to focus on ones I can qualify for eh 🙂

Brian
Brian

I might have made a mistake were you talking about the Schwab starter kit bonus where you deposit 50 and get 101, or the referral bonus? I was referring to the Schwab starter kit 101 bonus.

Jamie
Jamie

I was asking about the larger bonus but no problem at all. If it won’t work for a $101 bonus then I suspect it wouldn’t for the larger amounts. Thank you for the feedback

Christine
Christine

I opened a td Ameritrade account on 4/25 and received their promo bonus for transferring assets on 5/10.
I opened the Schwab 101 starter kit on 5/10 and received the bonus on 5/16

Jamie
Jamie

This is good news … Thanks for the feedback. I might try the starter kit, decided to go with another broker to guarantee the higher bonus. When that’s done, I might circle back.

Evan
Evan

If my husband opens a new brokerage account with this starter kit for $101, can he then fund it with more than $5000 to use their Intelligent Portfolios feature?

JustAskingQuestions
JustAskingQuestions

Schwab’s new $101 bonus is very similar to Fidelity’s starter pack. please make a new post or sticky.

Mich
Mich

I have had account in the past (which had earned the signup bonus at the time) but closed more than a year ago. Will I still qualify?

Terp
Terp

I’ve done this multiple times. Should qualify as long as you don’t have an account currently open.

Chang
Chang

Never trust Charles Schwab, they will find any excuse to not give you the referred bonus. I opened a brokerage account under my friend’s refer on Feb 12. After 45 days, when I asked Charles Schwab about my $500 bonus. They told me that I have an IRA account in TD Ameritrade which was opened 20 years ago, and they already acquired TD Amertrade in 2021, so I am no valid to get the bonus. What a shame on Charles Schwab.

Indy
Indy

Wtf? Sure I had a TDA account but not a Schwab account. Is that why I never got paid for this? With the $75 transfer fee from my old bank I’m losing money here.

jCT
jCT

Can we use this and put the money in the Schwab One® account to buy brokered CDs?

John
John

How soon do they deposit the bonus into your account? I opened my account around 12/6/2022 by using a referral link and made the deposit shortly after, but I have not seen the bonus deposited yet.

Matt
Matt

Are existing TD Ameritrade customers eligible for this offer? When I sign up there’s a popup which says “We see that you already have a Schwab account, or a TD Ameritrade account that will move to Schwab.” I’m worried that if I open an account I won’t get the bonus.

favo
favo

Matt Have you found the answer? I asked a Schwab agent via the online chat, the agent said “TD is separate until the accounts are merged, so you should be eligible.” However I saw some comments that seemed to say differently. Just wondering if there is concrete DP…

mark
mark

Any answer to this question? I’m scheduled to be moved from TD Ameritrade to Schwab next month, but would like to get the bonus. Is it possible, or am I considered an existing account?

favo
favo

I called TD Ameritrade and Schwab. TD said having a Schwab account would not disqualify, but Schwab said having a TD account would disqualify. While yesterday via online chatting Schwab said otherwise. So I guess no one really knows at the moment.

WF
WF

Same situation for me. Whatever I opened the account anyway.

Ready to argue with them in about 8 weeks, per this timeline, “Net deposits will be calculated as of the 45th day after enrollment, and the bonus award will be credited to the enrolled account within approximately one week.”

Sam
Sam

Is Schwab churnable?

Dan
Dan

Is a checking account considered a taxable account? (and thus vulnerable to clawbacks?)

20201103
20201103

Yes.