Referred friends can get up to $1,000

Common questions

Is a Schwab Bank Investor Checking™ Account an eligible account type for this offer?

No. Schwab Bank Investor Checking™  accounts do not qualify for this promotion. If you make a deposit in an Investor Checking account, you will not receive the award.

What is Schwab's Referral Offer?

Schwab's Referral Offer rewards referred friends and family of Schwab clients with a Bonus Award for becoming a new Schwab client and making a qualifying net deposit.

How long do I have to make a deposit to qualify for the award?

You have 45 days from the date you become a new client and enroll in the offer to make a qualifying net deposit; note – you must deposit the qualifying amount in the account that you enrolled in to be eligible.

When will I get my reward?

All rewards are paid out to qualifying clients about 1-2 weeks after the 45 days eligibility period ends, regardless of when you make the deposit (as long as it's in the first 45 days).

Two examples:

You sign up and enroll March 1st. Even though you make a qualifying deposit March 15th the promotion will "read" your net deposits at the 45 day mark (around April 15th), and process your award. Payment will be made 1-2 weeks after, around April 25th.

You sign up and enroll March 1st. You make a qualifying deposit on April 10th,the promotion will "read" your net deposits at the 45 day mark (around April 15th), and process your award. You award will be posted approximately April 25th.
 

Why should I deposit sooner rather than wait for the 45 days if my reward gets paid out at the same time?

We wanted to provide an amount of time to deposit that didn't feel rushed. Many of our clients make multiple deposits within the qualifying period to "level up" to the next reward tier. Also – it is always good to get invested sooner.

What if I haven't received my Bonus Award and it's been over 45 days?

Remember, it takes a week or two after the qualifying 45 days for the reward to post, so likely, your reward is still in progress. If, after 60 days from your enrollment date and after making a qualifying net deposit, you still haven't received your Award, feel free to call 800-398-8640 with questions or to confirm that you used an eligible referral code.

What accounts can be opened to get the Bonus Award?

Accounts that are eligible for the Referral Offer include: Schwab retail brokerage accounts and individual retirement accounts (IRAs), including accounts enrolled in Schwab-sponsored investment advisory programs such as Schwab Intelligent Portfolios®, Schwab Managed Portfolios™, Schwab Managed Account Select®, Schwab Managed Account Connection®, and Schwab Wealth Advisory™. You must make the qualifying net deposit in a Schwab One® account. Schwab Bank Investor Checking™ accounts do not qualify for this promotion. If you make a deposit in an Investor Checking account, you will not receive the award. The offer also does not apply to the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, education savings accounts, Schwab Bank accounts, corporate accounts, or accounts managed by independent investment advisors.

Can this offer be combined with other offers?

No. This offer can't be combined with other offers.

Can two new clients in the same home get the award?

Yes. As long as both clients are new to Schwab, each can individually open an account and separately qualify for the Bonus Award, provided that each makes a qualifying net deposit.

Will the person who referred me know when I open an account?

No. For privacy reasons, Schwab will not notify clients when their referrals open an account. See our privacy policy to learn how we collect, share, and protect customer information.

See full terms and conditions.

Offer valid for referred individuals who do not currently have a Charles Schwab & Co., Inc. ("Schwab") account (other than a Stock Plan Services account) and who open and make a qualifying net deposit into an eligible retail brokerage account within 45 days of enrolling in the offer.

Net deposits are assets deposited into the enrolled account minus assets withdrawn from the account and transferred out of Schwab. Only outside assets new to Schwab qualify; assets transferred from affiliates other than Schwab Retirement Plan Services are excluded.

Net deposits will be calculated as of the 45th day after enrollment, and the bonus award will be credited to the enrolled account within approximately one week. For taxable accounts, you must maintain the net deposit amount (less any market losses) at Schwab for at least one year or Schwab may charge back the bonus award.

Schwab reserves the right to change the offer terms or terminate the offer at any time without notice. This offer is limited to one per account, with no more than one account enrolled per client. The offer does not apply to Schwab Bank Investor Checking accounts, the Schwab Global Account™, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, education savings accounts, corporate accounts, or accounts managed by independent investment advisors. Custodial accounts are eligible for the award. This offer is not transferable, saleable, or valid in conjunction with other offers and is available to U.S. residents only.

Employees, contractors, or persons similarly associated with Schwab or a Schwab affiliate; their spouses; and employees of any securities regulatory organization or exchange are not eligible. Other restrictions may apply.

Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt before enrolling. Any related taxes are your responsibility. For taxable accounts, the bonus award will be reported on your Form 1099-INT. IRS guidance may impact your ability to make more than one IRA-to-IRA rollover in a one-year period.