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Charles Schwab Promotions

Read our in-depth review of Charles Schwab to see why Charles Schwab scored 4.2 stars out of 5. We like their vast selection of commission-free etfs and mutual funds, 2 platforms (one for beginners and one for advanced traders), and 24/7 customer service including online chat.

If you're looking for brokerage promotions, you must check out these offers.

$0

$0 Commissions on Online Stock, ETF, and Options Trades

500 Commission-Free Online and Options Trades

Offer is available for new and existing Schwab clients. Clients must make a qualifying net deposit of $100,000 into their Charles Schwab & Co. retail brokerage account within 45 days of enrollment in the offer. This offer is limited to one account per client. Trades will expire 730 days after credited to account.

$100

New Schwab Client - $100 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $1,000 to $24,999 (cash or securities) within 45 days of enrolling in the offer.

$200

New Schwab Client - $200 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $25,000 to $49,999 (cash or securities) within 45 days of enrolling in the offer.

$300

New Schwab Client - $300 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $50,000 to $99,999 (cash or securities) within 45 days of enrolling in the offer.

$500

New Schwab Client - $500 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $100,000 or more (cash or securities) within 45 days of enrolling in the offer.

Compare Promotions

Ally Invest

Get Up to $3,000

Expires 12/31/2021

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Robinhood

Commission-Free Options Investing

Robinhood offers commission-free and no monthly fee options trading.

TD Ameritrade

Commission-Free Trading - Online Stock, ETF and Option Trades

Applies to U.S. exchange-listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades, with no exercise or assignment fees.

Betterment

Get up to 1 Year Managed Free

New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

Charles Schwab Offers You May Have Missed

Don't miss another hot deal. Check back often at CreditDonkey.

Free 2 Ski Lift Tickets and $300 North Face Gift Card

Make a qualifying net deposit of $250,000 into Charles Schwab & Co., Inc. brokerage account to get two lift ticket vouchers redeemable at any participating ski resort and $300 North Face gift card. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit must be maintained in Schwab acount for at least one year. This offer is limited to one per client.

Expired 3/31/2019

Free 4 Ski Lift Tickets and $300 North Face Gift Card

Make a qualifying net deposit of $500,000 into Charles Schwab & Co., Inc brokerage account to get four lift ticket vouchers redeemable at any participating ski resort and $300 North Face gift card. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit must be maintained in Schwab account for at least one year. This offer is limited to one per client.

Expired 3/31/2019

Free 4 Ski Lift Tickets and $300 North Face Gift Card

Make a qualifying net deposit of $500,000 or more into Charles Schwab & Co., Inc brokerage account to get four lift ticket vouchers redeemable at any participating ski resort and $300 North Face gift card. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit must be maintained in Schwab account for at least one year. This offer is limited to one per client.

Expired 3/31/2020

Free 4 Ski Lift Tickets

Make a qualifying net deposit of $250,000 - $499,000 into taxable retail Charles Schwab & Co., Inc. brokerage account to get four lift ticket vouchers redeemable at any participating ski resort. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit amount must be maintained in Schwab account for at least one year. This offer is limited to one per client.

Expired 3/20/2020

Free 2 Ski Lift Tickets

Make a qualifying net deposit of $100,000 - $249,999 into taxable retail Charles Schwab & Co., Inc. brokerage account to get two lift ticket vouchers redeemable at any participating ski resort. Qualifying net deposit must be made within 30 days of enrollment in the offer. Qualifying net deposit amount must be maintained in Schwab account for at least one year. This offer is limited to one per client.

Expired 3/31/2020

What Charles Schwab Offers

Charles Schwab offers a full range of banking and investment products.

Deposit Products:
Charles Schwab only offers a checking and savings account for their banking products. Both have no minimum balance requirements, and no fee to open or maintain. Both offer a higher APY than other large national banks.

  • High Yield Investor Checking: This checking account is linked with the Schwab One brokerage account. You must also open the brokerage account, though you don't have to use it. All ATM fees worldwide are refunded at the end of each month. There is no foreign transaction fee.

  • High Yield Investor Savings: The savings account earns a higher APY than the checking account.

Investment Accounts:
All trade accounts have no opening or maintenance fees.

  • Brokerage Accounts: Trade in stocks, options, mutual funds, ETFs, futures, bonds, fixed income, and more.

  • Retirement Accounts: You can open a Traditional IRA, Roth IRA, or Rollover IRA.

  • Schwab Intelligent Portfolios: Want to invest hands off? Schwab Intelligent Portfolios is a robo-advisor with completely free management. Minimum to invest is $5,000.

  • Trust, Estate, and Charitable accounts

  • 529 College Savings Plan and Education Savings Plan

  • Custodial Account

Opening a New Schwab Account

To open a new brokerage account, you will need:

  • Your Social Security Number
  • Driver's license number
  • Employer information (if applicable)
  • Statement information for assets or cash you may want to transfer.

How much are trades on Charles Schwab?
Trades start at $0 per trade. Commissions and fees are as follows:

  • U.S. Stocks & ETFs: $0
  • Options: $0 + $0.65 per contract
  • Mutual Funds: $0 for Schwab Funds and thousand of other funds through Schwab Mutual Fund OneSource; $49.95 per purchase for all other funds
  • Futures: $1.50 per contract

Is Charles Schwab a good brokerage? Charles Schwab is one of the oldest names in the world of investing. With low fees, a wide product offering, no account maintenance fees, and 24/7 specialized support, it's a great brokerage for both experienced investors and newbies.

Did you know: The Schwab One Brokerage Account is Charles Schwab's most popular investment account. Features include:

  • No fee to open or maintain the account.
  • $0 commission on U.S. stock trades
  • 24/7 customer service by phone, or in-person at more than 300 branches.
  • Add the Schwab Trading Services account option at no extra cost, and get customizable trading platforms, education resources, and 24/7 support from dedicated trading specialists. No trade minimum required.

Charles Schwab Deals to Watch Out For

  • Golf promotion: During the summer months, Charles Schwab offers rounds of golf when you deposit a qualifying amount into a Schwab taxable brokerage account. A list of participating courses can be found here

  • Ski promotion: During ski season (typically October through March), Charles Schwab offers ski lift vouchers when you deposit a qualifying amount into a Schwab taxable brokerage account. These vouchers are available at any participating ski resort.

Pricing information from published websites as of 07/10/2020.

 

Charles Schwab

Fidelity

 

Benefits and Features

Stock Trading$0 commission on U.S. stocks and ETFs
$0 per trade
Options Trading
$0 + $0.65 per contract
$0 per online trade, plus $0.65 per contract
Annual Fee 
None
Cryptocurrency Trading 
No
Minimum Deposit
$0
$0
Mutual Fund Trading$0 for no-transaction-fee funds $49.95 for all other funds
  • $0 transaction fee for Fidelity funds
  • $0 on purchase for NTF (no transaction fee) non-Fidelity funds. ($49.95 on redemption if held less than 60 days)
  • $49.95 on purchase for non-Fidelity funds; $0 on redemption. (Certain funds may have a $75 transaction fee).
Commission Free ETFs2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.357 including 28 Fidelity factor, sector, stock, and bond ETFs and 329 iShares® ETFs
Phone Support 
(800) 343-3548; available 24/7
Live Chat Support 
No
Email Support 
Yes
Human Advisors Optional coaching or investment management with human advisors (for added fees)
Robo Advisor Optional Fidelity Go robo-advisory service
Assets Under Management 
$4.9 Trillion
Tax Loss Harvesting 
No
Goal Tracker 
Yes
Automatic Deposits 
Yes
Broker Assisted Trades
$25.00 service charge
$32.95 per trade for representative-assisted trades.
Customer Service
24/7
 
Good For More experienced DIY investors; Mutual fund investors
Inactivity Fee
None
$0
Maintenance Fee
$0
$0 account service fee
Online Platform Yes (access to Active Trader Pro is available to those who trade 36 times or more in a rolling 12 month period)
iPhone App 
Yes (4.8 stars, 1.7m ratings)
Android App 
Yes (4.5 stars, 97k ratings)
Banking
Yes
Fidelity Cash Management Account includes reimbursed ATM fees, no monthly fee, no minimum balance requirement, FDIC insurance, mobile check deposit, free billpay and free checkwriting.
Mobile App
Yes
Check
Desktop App
Yes
 
Two-Factor Authentication 
Yes
Futures Trading
$1.50 per contract
 
Locations
300 locations
More than 180
Online Community
Yes
Yes, it has a investor forum
Seminars
Yes
Yes, frequent webinars and courses for beginners
Virtual Trading
No
No
Fractional Shares 
Yes
Taxable Accounts 
Yes
401k Plans 
Yes
IRA Accounts 
Yes
Roth IRA Accounts 
Yes
SEP IRA Accounts 
Yes
Trust Accounts 
Yes
529 Plans 
Yes

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Charles Schwab: Pricing information from published websites as of 07/10/2020.

Fidelity: Pricing information from published website as of 12/05/2020.

Stock Plan Services: Earn $500 Bonus

Get $500 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $100,000 or more within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

Stock Plan Services: Earn 300 Bonus

Get $300 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $50,000 - $99,999 within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

Stock Plan Services: Earn $200 Bonus

Get $200 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $25,000 - $49,999 within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

Stock Plan Services: Earn $100 Bonus

Get $100 by adding cash or securities to your current investment account or by opening a new high-yield checking or IRA in Charles Schwab. Use promo code SchwabAward11. Make a qualifying net deposit of $10,000 - $24,999 within 45 days of enrollment in the promotion. This offer is for Stock Plan Services participants only.

New Schwab Client - $500 Bonus

Open an eligible account using referral code from an existing client. Enroll in the offer and make a net deposit of $100,000 or more (cash or securities) within 45 days of enrolling in the offer.


Charles Schwab Alternatives

Robinhood

College Students: $15 Bonus and One Free Stock

Sign up with an .edu email using the link below and link a bank account between September 15 and October 24 and receive $15 in your account.

Expires in 6 days
Betterment

Get 1 Month Managed Free

Deposit $15,000 - $99,999 within 45 days and get 1 month managed free

Ally Invest

Get Up to $3,000 Cash Bonus

Expires 12/31/2021

New Ally Invest customers only. Account must be funded for at least 60 days to be eligible for cash bonus.


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More Brokerage Promotions

Robinhood

Robinhood Promo

Get a Free Stock (worth between $2.50 and $225)
Betterment

Betterment Promotions

Get up to 1 Year Managed Free
Ally Invest

Ally Invest Promotion

Get Up to $3,000

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About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

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