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.
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.
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.
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.
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.
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
Get Up to $3,500
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 If the qualifying deposit is withdrawn, the bonus may be revoked.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 Transfer | Cash Bonus |
|---|---|
| $10,000 - $24,999 | $50 |
| $25,000 - $99,999 | $200 |
| $100,000 - $249,999 | $300 |
| $250,000 - $499,999 | $600 |
| $500,000 - $999,999 | $1,200 |
| $1,000,000 - $1,999,999 | $2,500 |
| $2,000,000+ | $3,500 |
Get 1 Month Managed Free
Deposit $15,000 - $99,999 within 45 days and get 1 month managed free
Transfer Your Account and Earn Up to $2,500
Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.
| Transfer | Bonus |
|---|---|
| $100,000 – $250,000 | $250 |
| $250,001 – $500,000 | $500 |
| $500,001 – $1,000,000 | $1,000 |
| $1,000,001+ | $2,500 |
Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.
Charles Schwab Offers You May Have Missed
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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.
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.
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.
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.
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.
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.
- 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.
Highlights
$0 commission on U.S. stocks and ETFs
$0
2,000+ across asset classes and fund companies, $0 commission through Schwab ETF OneSource™.
$0 for no-transaction-fee funds $49.95 for all other funds
$25.00 service charge
24/7
None
$0
Yes
Yes
Yes
$1.50 per contract
300 locations
Yes
Yes
No
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 | |
| Options Trading | $0 per online trade, plus $0.65 per contract | |
| Minimum Deposit | ||
| 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 ETFs | 2,000+ 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 |
| Broker Assisted Trades | $32.95 per trade for representative-assisted trades. | |
| Customer Service | ||
| Inactivity Fee | ||
| Maintenance Fee | ||
| Banking | 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 |  | |
| Desktop App | Active Trader Pro (requires you trade 36 times or more in a rolling 12 month period) | |
| Futures Trading | ||
| Locations | ||
| Online Community | ||
| Seminars | ||
| Virtual Trading | | |
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
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.
Get 1 Month Managed Free
Deposit $15,000 - $99,999 within 45 days and get 1 month managed free
Get Up to $3,500
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 Transfer | Cash Bonus |
|---|---|
| $10,000 - $24,999 | $50 |
| $25,000 - $99,999 | $200 |
| $100,000 - $249,999 | $300 |
| $250,000 - $499,999 | $600 |
| $500,000 - $999,999 | $1,200 |
| $1,000,000 - $1,999,999 | $2,500 |
| $2,000,000+ | $3,500 |
Transfer Your Account and Earn Up to $2,500
Initiate your transfer of another brokerage account within 60 days of signing up for M1 to receive a bonus.
| Transfer | Bonus |
|---|---|
| $100,000 – $250,000 | $250 |
| $250,001 – $500,000 | $500 |
| $500,001 – $1,000,000 | $1,000 |
| $1,000,001+ | $2,500 |
Payments for eligible transfers will be paid 90 days after the account transfer is received. Offer is valid for direct broker transfers received through the Automated Customer Account Transfer Service (ACATS) only. Offer is not valid with ACH deposits, wire transfers or direct 401k rollovers.
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