[Expired] COIN Brokerage: Invest $100 & Get $50 Bonus With Promo Code COIN2019

Deal has expired, view more brokerage bonuses by clicking here

Update 8/31/19: Extended again until September 30, 2019. Hat tip to Gadget

Update 7/30/19: extended again, this time until August 31st, 2019

Update 7/7/19: Deal has been extended until July 31st, 2019.

The Offer

Direct link to offer

  • COIN is offering a bonus of $50 when you invest at least $100 with the promo code COIN2019. Must keep the $100 in your account for at least 90 days

The Fine Print

  • When you open a COIN account during the term of the promotion and transfer at least $100.00 into it and keep it in your account for at least 90 days, JHPFS, LLC will make a one-time deposit of $50.00 (“bonus funds”) into the cash balance of your COIN account after the end of the 90 day period
  • This promotion is available to new customers opening accounts on the COIN platform and is valid until June 30th, 2019.
  • To be eligible for the bonus funds under this promotion, a new COIN customer must enter a valid promo code when prompted during the account opening process.
  • Only one bonus funds deposit is available per COIN customer.
  • This promotion is not available to current or former COIN customers.
  • COIN reserves the right to amend or terminate this offer at any time, and to limit account bonuses you are allowed to receive, and to refuse, withhold, or recover any and all bonus funds if COIN, in its sole discretion, determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of the COIN agreements have been violated.
  • This promotion is available to U.S. Residents only and is not available to employees of John Hancock or any of its affiliates. COIN is not responsible for any failure on your part to meet standards for qualifying for this promotion.

Our Verdict

When signing up with COIN you need to select three impact areas (eight to choose from total), these are used to build your portfolio. Impact areas are:

COIN charges an annual fee of 0.75%. Personally I wouldn’t bother with this for actual investing, but seems a relatively easy way to get $50. I’ll add this to the list of the best brokerage bonuses.

Hat tip to Andrew D and pkim101

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232 Comments
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storm
storm (@guest_1258043)
September 25, 2021 09:04

If you happen to receive a class action mailer for Baxter International, I tracked it down to an investment via COIN. The class action claim was supposed to be filed by 9/16, and the envelope was postmarked 9/17. According to my statements, I only owned .06 of a share, so I didn’t expect to get much anyway.

Kai
Kai (@guest_1168112)
March 29, 2021 15:23

Got this e-mail an hour ago.

Dear [First Name],

Thank you for your commitment to conscious investing through COIN. Today, we’re reaching out to let you know that John Hancock Personal Financial Services, LLC recently made the difficult decision to no longer support the COIN product. This announcement is reflected in our updated disclosure document, Form ADV (the “Brochure”), which you can access here.

As of today, March 29, 2021, you will no longer be able to make changes to your impact area or make deposits to your account. Any recurring deposits you have scheduled have been canceled. On May 28, 2021, COIN will close. Before this date, log in to COIN and make sure your linked bank account and mailing address on file are up to date, then take one of the following actions to close your account:

Withdraw your account balance in full.1

– OR –

Transfer the securities in your account to another brokerage account.

If you do not take action to close your account before May 28, 2021, we will liquidate the securities in your COIN account regardless of market conditions and send the balance to your bank account on file. 1

Sincerely,

COIN
John Hancock Personal Financial Services, LLC

Matt
Matt (@guest_1168259)
March 30, 2021 00:05

Me too. It’s legit. The product always seemed destined to fail (as did Swell)

Ryan Goldstein
Ryan Goldstein (@guest_916012)
February 21, 2020 17:13

I just got an email from COIN’s support (in my spam folder) saying the issue with the tax forms is resolved, and sure enough, I can now access the combined 1099 form from the download center.

Celia
Celia (@guest_916013)
February 21, 2020 17:17

Thanks! 32 pages, wow.

dave
dave (@guest_916066)
February 21, 2020 18:21

My tax guy is going to love this.

Celia
Celia (@guest_916226)
February 21, 2020 21:48

Apex is part of the partner program of TurboTax so the 1099 can be imported. I’m hoping that’s true for my accountant’s software 🙂

It’s a lot of tax work for $86 on my 1099 though. Will definitely be closing this account. I considered keeping it for fun but no way if this adds to my tax prep bill.

anne
anne (@guest_952945)
April 6, 2020 17:43

Are you able to import for your Turbo Tax? I called and CSR said I have to do it manually. Husband got so mad about this and he said maybe we have to get at atx guy to do it!

Erin
Erin (@guest_914378)
February 20, 2020 09:57

1. How to close this account? I emailed them several times. They say that it’s closed but I see cents and it’s possible to transfer them to my closed account in another bank. How did you make them close your account?
2. Did anybody receive tax documents? The link in the email shows error.

Celia
Celia (@guest_914588)
February 20, 2020 13:09

As you can see from the most recent comments, we’re all having the same issue with the tax documents.

I believe, even if you close your account, it’s still available for historical purposes and getting the last bit out of the account. You can call 844-365-2468 thought that might be a bit difficult at this time given the issue with tax documents.

Erin
Erin (@guest_952935)
April 6, 2020 17:11

Is it possible to receive monthly statements for a closed account??? It has 26c balance. Support says it’s closed.

Celia
Celia (@guest_952937)
April 6, 2020 17:17

I closed mine via email ([email protected]). They even transferred out my last .21 to my linked account. The email I received:

Thanks for getting in touch. I can confirm that your COIN account has been submitted for closure. It can take several business days for your COIN funds to return to your linked bank depending on your account activity, but those funds will be transferred as soon as they’re available.

I have not gotten a statement since it was closed. At least I haven’t gotten one yet.

channelz28
channelz28 (@guest_952942)
April 6, 2020 17:33

I had the exact same experience as you. Multiple emails, them telling me it’s closed, etc. They eventually told me that I had to transfer out the remaining $.06 and it would be closed in 7-10 days. That was a couple months ago and I still get monthly emails that my statements are ready. I gave up.

Chris
Chris (@guest_902690)
February 8, 2020 11:01

Has anyone got tax documents in their account?

Chris
Chris (@guest_907094)
February 12, 2020 17:47

Edit- received it today

Matt D.
Matt D. (@guest_909044)
February 14, 2020 16:33

Got an email said it was available, but both the link they sent and the regular login documents link go to 404. Hopefully they fix soon.

LC
LC (@guest_909045)
February 14, 2020 16:40

same…. 404 error. was thinking about contacting them but will wait till monday

Peek
Peek (@guest_909066)
February 14, 2020 17:11
  LC

LC Matt D. I contacted them and sent them the errors.

Jorge Ramos
Jorge Ramos (@guest_911297)
February 17, 2020 08:30

Still waiting for them to fix the error. …”We are investigating an issue related to the delivery of tax documents. Please check back later.”

LC
LC (@guest_911355)
February 17, 2020 10:04

same still getting an error. hopefully the fix it before early March. Thats usually when i like to file.

Celia
Celia (@guest_911386)
February 17, 2020 10:38
  LC

I end up near the bottom of the pile at my accountant if it is early March, last piece needed.

I had emptied out the account at the end of last year so I could judge the complexity of the multiple stocks with taxes. Haven’t closed the account yet. Made over 14% excluding the bonus.

BlissfulApathy
BlissfulApathy (@guest_865623)
January 6, 2020 04:35

These guys make it an absolute pain to close the account. I requested closure back in mid November and was told it would take several business days. Today I received an email from them about my account…that was closed…two months ago. Guess they forgot, how silly of them! So I sent another email threatening to complain to the CFPB, lol. Let’s see what happens.

Erin
Erin (@guest_855092)
December 9, 2019 10:49

Guys, how did you close the account. I sent 2 emails to the support email but they were ignored.

Erin
Erin (@guest_855108)
December 9, 2019 11:17

844-365-2468 phone # helped

Erin
Erin (@guest_855089)
December 9, 2019 10:46

Guys, how did you close the account. I sent 2 emails to the suppotr email but they were ignored.

Gadget - Bank Bonus Geek 🕵️
November 23, 2019 15:28

Anyone else enjoying the 200+ page booklet that arrived this week on the exchange offer of Danaher and Envista? Such a waste…

Brian Robinson
Brian Robinson (@guest_855088)
December 9, 2019 10:41

Straight to the recycle bin

HCL
HCL (@guest_842692)
November 14, 2019 20:05

8/9 $100 deposit
11/13 $50 posted