Charles Schwab Promotion
Charles Schwab Referral Code
Charles Schwab Promo Terms
Charles Schwab is known for more than just $0 commissions. You may be able to earn a cash reward by opening
and funding a new eligible Schwab account. Here’s what you need to do to qualify for the bonus:
1. Open a new eligible Schwab account using a referral code REFER6QWRF.
The account must be an eligible Schwab account and not a Schwab Bank deposit account. Since the goal is to earn a cash bonus, be sure to click the orange Open an Account button. You’ll see multiple account choices, including a bank account option. Do not select that option, because Schwab does not offer the cash bonus for new checking or savings accounts. IRAs and custodial accounts do qualify, so those can be opened instead.
Schwab states that opening an account through its online application usually takes about ten minutes.
2. Make a qualifying deposit or transfer. To earn the bonus, you must fund the new Schwab account with at least $25,000. The funding can be completed through a cash deposit or a transfer of eligible securities, but the required net deposit must arrive within 45 days of becoming a new Schwab client and enrolling in the offer.
The process is straightforward. Schwab typically credits the bonus about 1–2 weeks after the 45-day funding window closes, regardless of when the funds initially arrive. The available bonus tiers and funding levels are shown below:
| 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 have an investment account elsewhere and want to transfer your holdings to Schwab,
the transfer can count as a qualifying net deposit, as long as the eligible value is at least $25,000. Keep in mind that forex positions and cryptocurrency holdings cannot be transferred into Schwab brokerage accounts.
After opening your account, log in to the Schwab website and click on the Accounts tab. From there, select Transfer Account if you plan to move an existing account. To make a deposit, choose Online Transfer from the same section.
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 has a few important rules you must follow to qualify for the bonus:
This Charles Schwab offer cannot be combined with any other promotion.
Multiple people in the same household can earn bonuses. However, each person must be new to Schwab, each qualifying net deposit must meet the offer requirements separately, and Schwab allows no more than one account enrolled per client.
Only new customers who are U.S. residents are eligible for this promotion.
In addition to bank accounts, several other account types do not qualify. These include the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, education savings accounts, corporate accounts, and accounts managed by independent investment advisors.
For taxable accounts, Schwab reports the bonus award on Form 1099-INT. For taxable accounts, the net deposit amount must also remain at Schwab for at least one year, less any market losses, or Schwab may charge back the bonus award.
Charles Schwab Promo FAQs
You may still have some questions. Schwab provides full details, but here are a few common ones:
1. When will I receive the bonus? The payment is typically issued within one to two weeks after the 45-day funding period ends. Even if you deposit the full amount on the first day, you will still need to wait until that window closes.
a. If you believe your bonus is delayed, you can contact Schwab to check the status.
2. Which accounts qualify for the bonus? Eligible 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 know if you opened an account? No. Schwab does not notify the referrer when their code is used.
Written by Alex Bost
Updated on 7/14/2026.
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