Public Brokerage Bonus, Get Up to $10K
Public is offering a brokerage bonus of up to $10,000 for transferring investments from another account. The maximum bonus requires you to transfer $1,000,000+, but there are lesser bonuses that are still worth doing. Check out the details below.
Offer
Transfer to Public and get paid. Moving investments to Public is quick, convenient, and secure. The in-app tool allows you to easily transfer your account to Public directly from your phone. You can also earn a big bonus, depending on the amount of investments you transfer:
| Transfer Amount | Bonus |
|---|---|
| $5,000 – $24,999 | $150 |
| $25,000 – $99,999 | $500 |
| $100,000 – $499,999 | $2,000 |
| $500,000 – $999,999 | $5,000 |
| $1,000,000+ | $10,000 |
This process is called an Automated Customer Account Transfer (ACAT) and is the industry standard for transferring stocks. Think of it as a wire for stocks. Most transfers are completed within a few days (but can take up to 7-10 business days to fully complete).
Public charges no fees for incoming transfers. If your current brokerage charges you on the way out, they’ll even cover the fee if your incoming account value is over $500. Public will pay up to $100 in fees for each ACAT.
Offer Terms
- Cash bonus will be applied to qualifying accounts one (1) month after the transfer initiation date.
- Transferred funds must stay in your Public account for at least 6 months or bonus will be revoked.
- Offer valid for new and existing users.
- Transfers which do not use ACAT will not qualify.
Guru’s Wrap-up
We see similar bonuses from brokerage accounts from time to time, but this is one of the better ones. You need to transfer over a considerable amount to earn the higher bonuses. But Public will cover the transfer fees, up to $100 per transfer.
It’s worth noting that while Public doesn’t charge anything for incoming transfers, they charge $75 for outgoing ACAT transfers.
HT: DoC
