Do brokerage accounts give cash bonuses?

If you meet the broker’s requirements, such as depositing or transferring a specific amount of money, the broker will give you a cash bonus. When comparing brokerage accounts, consider the following factors: Account minimums: While some brokerage accounts have $0 minimums, others require you to deposit $2,500 or more.

What is a brokerage account & how does it work?

An investor deposits funds into their brokerage account and the brokerage firm transacts orders for investments such as stocks, bonds, mutual funds, and exchange-traded-funds (ETFs) on their behalf. The assets in investment accounts belong to the investors, who normally must report as taxable the income derived from the account.

How do I qualify for the bonus offer?

To qualify for the bonus offer, you must open a new brokerage or retirement account by April 18, 2023. Enter code ‘BONUS23’ when opening the new account and fund it within 60 days of its opening date to receive the bonus.

How much money can I deposit for a bonus?

Your bonus amount depends on how much you deposit during the 45-day qualifying period: $100: Deposit $25,000 to $49,999 in new money or assets. $300: Deposit $50,000 to $99,999 in new money or assets. $500: Deposit $100,000 and above in new money or assets. Once your account is open, monthly fees may apply.