Charles Schwab is offering a $100 bonus when you open a new account with them. The good part about this is that there are no requirements besides a $1,000 opening deposit, but the bad part is that it is a hard pull. If you’re only looking to get the bonus, this is probably not the best offer for you. If you’re looking to take advantage of their no fee account while traveling abroad then this is a good time to sign up.
New clients who do not have a Charles Schwab & Co., Inc. account (other than a Stock Plan Services account), open an eligible retail brokerage account, and enroll in the offer can earn a $100 Bonus Award. The Bonus Award will be credited to the enrolled account within approximately one month of account open. For taxable accounts, the account must be maintained at Schwab for at least one year or Schwab may charge back the Bonus Award. A minimum deposit of $1000 is required to open most Schwab brokerage accounts.
The offer is limited to one per account, with no more than one account enrolled per client.
For taxable accounts, the value of all Schwab offers received will be reported as Other Income on your Form 1099-MISC if, when combined with Other Income earned, the value totals $600 or more during the calendar year.
As DoC points out, it’s a good idea to open a High Yield checking account and a brokerage account and it would only be one hard pull. You can then apply for the Charles Schwab Amex credit cards that would get you a sign up bonus. You could also cash out MR points at 1.25 cents a piece, not the best use, but a better cash out rate.
With the Schwab Bank High Yield Investor Checking Account you pay no ATM fees worldwide, there are no monthly service fees, you’ll earn interest on your balance (nothing crazy, just 0.06% APY). The account minimum balance is $0 as well.
- Apply Now
- Account Type: Charles Schwab Checking
- Availability: Nationwide
- Expiration Date: None
- Inquiry Type: Hard Pull
- Credit Card Funding: No
- Direct Deposit Requirement: No
- Other Requirements: $1,000 opening deposit
- Monthly Fee: None
- Closing Fee: Must keep open for a year