Charles Schwab Promotion
Charles Schwab Referral Code
Charles Schwab Promo Terms
Charles Schwab offers more than commission-free trading. New clients may be able to collect a cash bonus by opening and funding a new eligible account. Here’s how to qualify for the offer:
1. Open a new eligible Schwab account using a referral code REFER6QWRF.
The account must be an eligible Schwab account, not a Schwab Bank deposit account. To pursue the cash bonus, make sure to choose the orange Open an Account button. Schwab will show several account options, including a bank account. Do not choose the bank account option, since checking and savings accounts are not eligible for this cash offer. IRAs and custodial accounts are eligible, so those account types can be used instead.
Schwab says its online account application usually takes roughly ten minutes to complete.
2. Add qualifying funds to the account. To receive the bonus, the new Schwab account must be funded with at least $25,000. This can be done by making a cash deposit or transferring eligible securities, but the required net deposit must be received within 45 days after the account is opened and enrolled in the offer.
The steps are simple. Schwab generally pays the reward about 1–2 weeks after the 45-day funding period ends, no matter how early the money was deposited. The bonus amounts and funding tiers are listed here:
| Cash Reward | Transfer/deposit |
|---|
| $1,000 | $500,000+ |
| $500 | $100,000 - $499,999 |
| $300 | $50,000 - $99,999 |
| $100 | $25,000 - $49,999 |
If you already hold investments at another brokerage and want to move them to Schwab,
that transfer can satisfy the funding requirement, provided the eligible net deposit is at least $25,000. However, forex positions and crypto holdings cannot be moved into Schwab brokerage accounts.
Once your account is open, sign in to Schwab’s website and go to the Accounts tab. Select Transfer Account if you want to bring over an existing brokerage account. For a deposit, use Online Transfer in the same area.
3. The referral bonus goes to the referred new client, not to the person who provided the referral code. Schwab does not notify the referring customer when the referral code is used.
Schwab Bonus Fine Print
Schwab applies several key rules to this bonus:
This Charles Schwab promotion cannot be used together with another offer.
More than one person in a household can qualify for a reward. However, each person must be new to Schwab, each account must independently meet the funding requirement, and Schwab allows no more than one account enrolled per client.
This offer is available only to new customers who are U.S. residents.
Bank accounts are not the only accounts excluded from the offer. The Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, education savings accounts, Schwab Bank accounts, corporate accounts, and accounts managed by independent investment advisors are also ineligible.
For taxable accounts, Schwab reports the bonus award on Form 1099-INT. Investors should consult a tax advisor about how the bonus may be treated in other account types.
Charles Schwab Promo FAQs
Some questions may remain. Schwab provides complete terms, but these are a few common answers:
1. When is the bonus paid? Schwab typically sends the bonus within one to two weeks after the 45-day funding window has closed. Even if the full qualifying amount is deposited immediately, the payment normally will not arrive until after that period ends.
a. If the bonus seems late, you can contact Schwab and ask for an update.
2. Which account types are eligible? Qualifying accounts include Schwab retail brokerage accounts and individual retirement accounts, including accounts enrolled in Schwab-sponsored investment advisory programs. Custodial accounts are also eligible.
3. Will the referrer be told that you opened an account? No. Schwab does not alert the referrer when their referral code is used.
Written by Alex Bost
Updated on 9/28/2026.
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