The Final, Definitive Thread on Brokerage Transfer Bonuses

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Longtermgrowth
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Longtermgrowth » Wed Feb 13, 2019 4:37 pm

Question for those who got a bonus below the $600 threshold for a 1099-MISC:

Where did your broker report the bonus amount in your tax forms?

If not reported by brokerage, how did you report it on your tax return?

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Wed Feb 13, 2019 6:07 pm

The $600 figure is for mandatory 1099 generation. Custodians can and do issue them for lower amounts. For taxable brokerage accounts, there is usually a combined 1099 with MISC, B, INT, whatever.

Retired1809
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Retired1809 » Wed Feb 13, 2019 6:22 pm

michaeljc70 » Wed Feb 13, 2019 10:41 am
Has anyone tried Ally? I think I am going for the $1200 bonus for $500k+ from TDA. I haven't seen anything really negative, but wanted to ask before taking the plunge since I will be stuck there 300 days. Chances are good I will not make any trades so not sure how much could go wrong. It is the best bonus I've found for an IRA without a lot of hoops.


I haven't gotten around to it but am considering it. In addition to the $1200 from Ally, maybe you can get a few hundred $ when you later bring it back to TDA. Good way to juice up earnings on the account.

sc9182
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sc9182 » Wed Feb 13, 2019 6:31 pm

michaeljc70 wrote:
Wed Feb 13, 2019 10:41 am
Has anyone tried Ally? I think I am going for the $1200 bonus for $500k+ from TDA. I haven't seen anything really negative, but wanted to ask before taking the plunge since I will be stuck there 300 days. Chances are good I will not make any trades so not sure how much could go wrong. It is the best bonus I've found for an IRA without a lot of hoops.
ETrade May be able to offer $1500 for 500k. Do call ..

michaeljc70
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by michaeljc70 » Wed Feb 13, 2019 6:33 pm

sc9182 wrote:
Wed Feb 13, 2019 6:31 pm
michaeljc70 wrote:
Wed Feb 13, 2019 10:41 am
Has anyone tried Ally? I think I am going for the $1200 bonus for $500k+ from TDA. I haven't seen anything really negative, but wanted to ask before taking the plunge since I will be stuck there 300 days. Chances are good I will not make any trades so not sure how much could go wrong. It is the best bonus I've found for an IRA without a lot of hoops.
ETrade May be able to offer $1500 for 500k. Do call ..
I had eTrade before TDA and got a bonus there. Do you think that matters? They are offering the $1200 for a non-IRA.

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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Wed Feb 13, 2019 7:09 pm

Earl Lemongrab wrote:
Wed Feb 13, 2019 6:07 pm
The $600 figure is for mandatory 1099 generation. Custodians can and do issue them for lower amounts. For taxable brokerage accounts, there is usually a combined 1099 with MISC, B, INT, whatever.
IIRC, 1099-MISC reporting causes some issues in TT over whether it's subject to the NIIT or not.

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Wed Feb 13, 2019 8:08 pm

michaeljc70 wrote:
Wed Feb 13, 2019 6:33 pm
I had eTrade before TDA and got a bonus there. Do you think that matters? They are offering the $1200 for a non-IRA.
They're pretty liberal on bonuses. Past ones don't matter much.

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privatefarmer
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by privatefarmer » Thu Feb 14, 2019 3:18 am

michaeljc70 wrote:
Wed Feb 13, 2019 10:41 am
Has anyone tried Ally? I think I am going for the $1200 bonus for $500k+ from TDA. I haven't seen anything really negative, but wanted to ask before taking the plunge since I will be stuck there 300 days. Chances are good I will not make any trades so not sure how much could go wrong. It is the best bonus I've found for an IRA without a lot of hoops.
I transferred 25k to ally last month, still waiting on the bonus...

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LiveSimple
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by LiveSimple » Thu Feb 14, 2019 4:43 am

How do the holding companies make money to recover the bonus paid, if you are an indexer and do not do much trade or fall for their assets management or high fee funds.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by agreatlife » Thu Feb 14, 2019 7:59 am

sc9182 wrote:
Wed Feb 13, 2019 6:31 pm
michaeljc70 wrote:
Wed Feb 13, 2019 10:41 am
Has anyone tried Ally? I think I am going for the $1200 bonus for $500k+ from TDA. I haven't seen anything really negative, but wanted to ask before taking the plunge since I will be stuck there 300 days. Chances are good I will not make any trades so not sure how much could go wrong. It is the best bonus I've found for an IRA without a lot of hoops.
ETrade May be able to offer $1500 for 500k. Do call ..

I was able to secure a $1k bonus for a 250k taxable account and a $1k bonuses for a 250k Roth Ira from Etrade in the CT-NY area. I spoke with Headquarters, and then a local office manager who secured the bonus.

Please call Etrade, since they are willing to go higher than their regular offer.

michaeljc70
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by michaeljc70 » Thu Feb 14, 2019 10:08 am

privatefarmer wrote:
Thu Feb 14, 2019 3:18 am
michaeljc70 wrote:
Wed Feb 13, 2019 10:41 am
Has anyone tried Ally? I think I am going for the $1200 bonus for $500k+ from TDA. I haven't seen anything really negative, but wanted to ask before taking the plunge since I will be stuck there 300 days. Chances are good I will not make any trades so not sure how much could go wrong. It is the best bonus I've found for an IRA without a lot of hoops.
I transferred 25k to ally last month, still waiting on the bonus...
Interesting. I'm pretty sure it said 10 days on their site.

Edit: This is what it says, so I guess you have to wait 70 days.

" Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days."

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by GeraniumLover » Fri Feb 15, 2019 7:04 pm

I am looking to fund a new E*TRADE account from transfers from Fidelity. If I transfer less than the total holdings of an ETF (e.g., only 100 of the 143.245 shares), does anyone know whether the transfer is done on a FIFO basis with respect to the various lots, or is that something I will need to specify directly with E*TRADE and/or Fidelity?

spitty
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by spitty » Mon Feb 18, 2019 7:21 am

We transferred some funds to TdA last year and got $300 in Apple gift cards. It appears on our 1099 under "miscellaneous income" so I guess it's taxable. At least frequent flyer miles aren't taxed...yet!

JustinR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by JustinR » Wed Feb 20, 2019 12:38 am

Anyone have experience with partial transfers into a Chase You Invest account?

You can only do this by filling out a form and sending it via mail ... are they serious?
We're currently only supporting full account transfers online. If you need to initiate a partial transfer, or if your account contains ineligible securities, please complete the Account Transfer Form or contact Customer Service at 1-800-392-5749.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by hotpancakes » Wed Feb 20, 2019 3:18 pm

JustinR wrote:
Wed Feb 20, 2019 12:38 am
Anyone have experience with partial transfers into a Chase You Invest account?

You can only do this by filling out a form and sending it via mail ... are they serious?
We're currently only supporting full account transfers online. If you need to initiate a partial transfer, or if your account contains ineligible securities, please complete the Account Transfer Form or contact Customer Service at 1-800-392-5749.
They are indeed serious, and you must have it notarized. It was the biggest pain in the ass.

JustinR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by JustinR » Wed Feb 20, 2019 5:24 pm

hotpancakes wrote:
Wed Feb 20, 2019 3:18 pm
JustinR wrote:
Wed Feb 20, 2019 12:38 am
Anyone have experience with partial transfers into a Chase You Invest account?

You can only do this by filling out a form and sending it via mail ... are they serious?
We're currently only supporting full account transfers online. If you need to initiate a partial transfer, or if your account contains ineligible securities, please complete the Account Transfer Form or contact Customer Service at 1-800-392-5749.
They are indeed serious, and you must have it notarized. It was the biggest pain in the ass.
Oh god.

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Wed Feb 20, 2019 5:28 pm

Notarized isn't that big of a deal, you can get that done many places. It's signature guarantee that's really a pain. That being said, I wouldn't do it.

JustinR
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by JustinR » Wed Feb 20, 2019 6:44 pm

Earl Lemongrab wrote:
Wed Feb 20, 2019 5:28 pm
Notarized isn't that big of a deal, you can get that done many places. It's signature guarantee that's really a pain. That being said, I wouldn't do it.
It's a pain but I'm still gonna do it. I'll just have it notorized...at Chase. $600 for $75k is pretty good. Just didn't know they'd be this backwards when I signed up.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 02nz » Wed Feb 20, 2019 7:29 pm

hotpancakes wrote:
Wed Feb 20, 2019 3:18 pm
JustinR wrote:
Wed Feb 20, 2019 12:38 am
Anyone have experience with partial transfers into a Chase You Invest account?

You can only do this by filling out a form and sending it via mail ... are they serious?
We're currently only supporting full account transfers online. If you need to initiate a partial transfer, or if your account contains ineligible securities, please complete the Account Transfer Form or contact Customer Service at 1-800-392-5749.
They are indeed serious, and you must have it notarized. It was the biggest pain in the ass.
My experience was pretty smooth and easy. (Copying from my post about a week ago in the Chase You Invest thread:) I went to the Chase branch on Friday with the form, had it notarized there. Took maybe 15 minutes. They didn't want to send it for me but did give me a prepaid UPS overnight label, so I sent it myself. It would've arrived in Chicago on Monday and the shares I specified for the transfer already show as deducted out of my Merrill Edge account today, although they don't show in You Invest yet, I imagine that'll be another day or two. So it's a little more work but very fast. EDIT: Shares show in You Invest as of Fri. All went super smoothly.

02nz
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 02nz » Wed Feb 20, 2019 7:30 pm

JustinR wrote:
Wed Feb 20, 2019 12:38 am
Anyone have experience with partial transfers into a Chase You Invest account?

You can only do this by filling out a form and sending it via mail ... are they serious?
We're currently only supporting full account transfers online. If you need to initiate a partial transfer, or if your account contains ineligible securities, please complete the Account Transfer Form or contact Customer Service at 1-800-392-5749.
See my experience here: viewtopic.php?f=1&t=262578&start=100#p4379551 (copied one post above, too). It was easy.

Anon E. Moose
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Anon E. Moose » Wed Feb 20, 2019 7:34 pm

Looks like TDA has an improved offer:

1k for 250k
$500 for 100k
$200 for 50k
$100 for 25k

Applies to brokerage and retirement accounts. Valid until 6/30/19

https://www.tdameritrade.com/offer/for ... index.html

02nz
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 02nz » Wed Feb 20, 2019 7:36 pm

SlowMovingInvestor wrote:
Mon Jan 21, 2019 11:21 am
JustinR wrote:
Mon Jan 21, 2019 6:15 am
Earl Lemongrab wrote:
Fri Jan 18, 2019 4:33 pm
SlowMovingInvestor wrote:
Fri Jan 18, 2019 3:53 pm
JustinR wrote:
Fri Jan 18, 2019 1:53 am
Damn...looks like the $1000 Merrill Edge offer expired

https://www.merrilledge.com/offers/1000offer

So these are the ones still active?

$900 - https://www.merrilledge.com/offers/900offer
$600 - https://www.merrilledge.com/cmaoffer
Look for the expiry date. it's April 30th for the $900 offer. Not sure why anybody would take the $600 offer as long as the $900 one is open.
The $900 is only for Preferred Rewards customers, so be sure to sign up for that if you don't already have it (should anyway).
You can simply sign up for it while/after you open an account right?
Yes, just open a checking account at BoA afterwards -- you may even get a small bonus for opening a BoA account (4100 or so). I don't recollect if you have to explicitly link it to your ME account or if it gets linked automatically by SS#.
Signing up for Preferred Rewards was the only part of my experience (with the ME900 bonus) that wasn't smooth. Different reps told me conflicting info about whether I'd be automatically enrolled or not by signing up for the checking account, and also about whether it was possible to sign up for Preferred Rewards "manually," without just waiting for it to kick in. Anyway, ti seems I didn't actually qualify to sign up until about 45-60 days after opening the checking account; after that point, the rep was able to get me signed up and another month or so later I received the bonuses as promised.

02nz
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 02nz » Wed Feb 20, 2019 7:43 pm

Earl Lemongrab wrote:
Tue Feb 05, 2019 1:34 pm
neilpilot wrote:
Tue Feb 05, 2019 1:22 pm
kxl19 wrote:
Tue Feb 05, 2019 11:43 am
If I'm opening both a CMA and IRA account, is there any way to ensure that the bonus is deposited into the IRA? (ie, 100k in Roth and 100k CMA are transferred in - which account will receive the transfer bonus?)

This way the bonus can go in tax free vs. having to to deal with a 1099...
This way the bonus can go in tax free deferred
I think it was clear that the IRA is a Roth. So tax free was correct.
I signed up for the ME900 offer on both the CMA (brokerage) account and Roth IRA. The two bonuses were deposited separately, into each qualifying account. (An ME rep also told me that while I would only get one IRA bonus, I could request consideration based on the combined balance of Roth and traditional IRAs. This wouldn't have gotten me to the next bonus "tier" but may be helpful to others.)

I assume that next year I'll get 1099's for the total amount of the two bonuses, including the amount that went into the Roth IRA. Can anyone w/ past experience confirm? For me even with a 1099 it's still a win since this is "extra" Roth IRA space.

Anon E. Moose
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Anon E. Moose » Wed Feb 20, 2019 7:50 pm

02nz wrote:
Wed Feb 20, 2019 7:43 pm
Earl Lemongrab wrote:
Tue Feb 05, 2019 1:34 pm
neilpilot wrote:
Tue Feb 05, 2019 1:22 pm
kxl19 wrote:
Tue Feb 05, 2019 11:43 am
If I'm opening both a CMA and IRA account, is there any way to ensure that the bonus is deposited into the IRA? (ie, 100k in Roth and 100k CMA are transferred in - which account will receive the transfer bonus?)

This way the bonus can go in tax free vs. having to to deal with a 1099...
This way the bonus can go in tax free deferred
I think it was clear that the IRA is a Roth. So tax free was correct.
I signed up for the ME900 offer on both the CMA (brokerage) account and Roth IRA. The two bonuses were deposited separately, into each qualifying account. (An ME rep also told me that while I would only get one IRA bonus, I could request consideration based on the combined balance of Roth and traditional IRAs. This wouldn't have gotten me to the next bonus "tier" but may be helpful to others.)

I assume that next year I'll get 1099's for the total amount of the two bonuses, including the amount that went into the Roth IRA. Can anyone w/ past experience confirm? For me even with a 1099 it's still a win since this is "extra" Roth IRA space.
1099 will only reflect the bonus for CMA, not for the Roth. Also, I got ME to count combined Roth and Traditional balances for bonus purposes, but get that commitment in writing (over email) - my bonus did not post automatically, and took several exchanges of emails with customer service, providing proof of a representative stating that combined balances will count, and a threat of withdrawing all my accounts for the bonus to actually post correctly.

02nz
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 02nz » Wed Feb 20, 2019 7:57 pm

Anon E. Moose wrote:
Wed Feb 20, 2019 7:50 pm
1099 will only reflect the bonus for CMA, not for the Roth. Also, I got ME to count combined Roth and Traditional balances for bonus purposes, but get that commitment in writing (over email) - my bonus did not post automatically, and took several exchanges of emails with customer service, providing proof of a representative stating that combined balances will count, and a threat of withdrawing all my accounts for the bonus to actually post correctly.
Thanks, great info.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by snowman » Wed Feb 20, 2019 8:04 pm

Anon E. Moose wrote:
Wed Feb 20, 2019 7:34 pm
Looks like TDA has an improved offer:

1k for 250k
$500 for 100k
$200 for 50k
$100 for 25k

Applies to brokerage and retirement accounts. Valid until 6/30/19

https://www.tdameritrade.com/offer/for ... index.html
I just did this one last week. I initiated partial transfer from ME to TDA on Monday, transfer completed and $1K bonus deposited on Thursday. I was impressed!

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Thu Feb 21, 2019 12:25 am

snowman wrote:
Wed Feb 20, 2019 8:04 pm
I just did this one last week. I initiated partial transfer from ME to TDA on Monday, transfer completed and $1K bonus deposited on Thursday. I was impressed!
That's a big advantage of TDA, the immediate bonus crediting. The downside is the one-year holding period.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by JustinR » Thu Feb 21, 2019 7:41 pm

Etrade has a $75 full transfer fee. How is the fee charged?

I'd be moving ETFs out of there, and there's only a few cents in the cash fund, which I assume would also have been moved.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante » Thu Feb 21, 2019 7:45 pm

JustinR wrote:
Thu Feb 21, 2019 7:41 pm
Etrade has a $75 full transfer fee. How is the fee charged?

I'd be moving ETFs out of there, and there's only a few cents in the cash fund, which I assume would also have been moved.
Typically they'll transfer, then debit the receiving account for $75. That is slightly more polite than a forced sale.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tooluser » Thu Feb 21, 2019 8:27 pm

How do I best get finance companies to pursue me, instead of me pursuing finance companies?
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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Thu Feb 21, 2019 9:19 pm

JustinR wrote:
Thu Feb 21, 2019 7:41 pm
Etrade has a $75 full transfer fee. How is the fee charged?

I'd be moving ETFs out of there, and there's only a few cents in the cash fund, which I assume would also have been moved.
I left some small amounts at Etrade. It's still listed as having a $25 partial transfer fee. The Roth I had left there with a few bucks just got a targeted offer similar to the TDA one mentioned above. I can get at least 100k together.

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Fri Feb 22, 2019 12:21 am

b0B wrote:
Thu Feb 21, 2019 10:12 pm
Did the $25 fee make your balance go negative? Did they come after you to bring the balance back up to zero?
It's been a while, but that account had enough cash left to cover, still does. I always use ETFs, so there generally somewhere in the $30-$50 range. I don't remember if they took it out of there or sent a negative balance.

28fe6
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 28fe6 » Sat Feb 23, 2019 1:10 am

I'm selling my house and not immediately re-buying. I will be keeping a down payment amount in cash, but I will be pulling out about $100k of the equity to invest. This is not a large amount, but I thought of this thread...are there any bonuses for only $100k? I can find bonuses for opening a bank account, but I want to invest the money.

GeraniumLover
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by GeraniumLover » Sat Feb 23, 2019 7:25 am

28fe6 wrote:
Sat Feb 23, 2019 1:10 am
I'm selling my house and not immediately re-buying. I will be keeping a down payment amount in cash, but I will be pulling out about $100k of the equity to invest. This is not a large amount, but I thought of this thread...are there any bonuses for only $100k? I can find bonuses for opening a bank account, but I want to invest the money.
It looks as if E*TRADE is offering $500 for $100k. Merrill Edge is offering $375 or maybe more at that level. Details further up thread.
Last edited by GeraniumLover on Sun Feb 24, 2019 9:13 am, edited 1 time in total.

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by neilpilot » Sat Feb 23, 2019 7:33 am

GeraniumLover wrote:
Sat Feb 23, 2019 7:25 am
28fe6 wrote:
Sat Feb 23, 2019 1:10 am
I'm selling my house and not immediately re-buying. I will be keeping a down payment amount in cash, but I will be pulling out about $100k of the equity to invest. This is not a large amount, but I thought of this thread...are there any bonuses for only $100k? I can find bonuses for opening a bank account, but I want to invest the money.
It looks as if E*TRADE is offering $500 for $100k. Merrill Edge if offering $375 or maybe more at that level. Details further up thread.
$500 at TDA

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by snowman » Sat Feb 23, 2019 8:57 am

28fe6 wrote:
Sat Feb 23, 2019 1:10 am
I'm selling my house and not immediately re-buying. I will be keeping a down payment amount in cash, but I will be pulling out about $100k of the equity to invest. This is not a large amount, but I thought of this thread...are there any bonuses for only $100k? I can find bonuses for opening a bank account, but I want to invest the money.
There is no reason not to do both. Chase Total checking $300 bonus is as easy as it gets with almost no effort. If you can spare $15K for 3 months, the bonus jumps to $600.

You can then transfer the money to your brokerage account where you would have collected $500 already. So your total combined bonus should be $800 or $1,100.

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billthecat
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by billthecat » Tue Feb 26, 2019 4:26 pm

Hi folks....I'm prepared to transfer $700K to Schwab, and I understand they will match any available bonuses offered by others. I just need to point them to the web page with the offer.

Anyone know the current best brokerage transfer bonus for $700K?
We cannot direct the winds but we can adjust our sails.

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Tue Feb 26, 2019 6:22 pm

billthecat wrote:
Tue Feb 26, 2019 4:26 pm
Hi folks....I'm prepared to transfer $700K to Schwab, and I understand they will match any available bonuses offered by others. I just need to point them to the web page with the offer.

Anyone know the current best brokerage transfer bonus for $700K?
Check the recent TD Ameritrade one. I think it's 1500 in that range, but verify.

sc9182
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sc9182 » Tue Feb 26, 2019 7:02 pm

billthecat wrote:
Tue Feb 26, 2019 4:26 pm
Hi folks....I'm prepared to transfer $700K to Schwab, and I understand they will match any available bonuses offered by others. I just need to point them to the web page with the offer.

Anyone know the current best brokerage transfer bonus for $700K?
Try calling ETrade your local team (not just national team). Heard they were able to stretch $2k-2.5k for $800k Ira transfer., with hint that more may be coming separately in brokerage (for additional bonus of course).

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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by hotpancakes » Wed Feb 27, 2019 1:01 pm

billthecat wrote:
Tue Feb 26, 2019 4:26 pm
Hi folks....I'm prepared to transfer $700K to Schwab, and I understand they will match any available bonuses offered by others. I just need to point them to the web page with the offer.

Anyone know the current best brokerage transfer bonus for $700K?
Anyone know if Fidelity will match others' offers?

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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Wed Feb 27, 2019 1:13 pm

hotpancakes wrote:
Wed Feb 27, 2019 1:01 pm
billthecat wrote:
Tue Feb 26, 2019 4:26 pm
Hi folks....I'm prepared to transfer $700K to Schwab, and I understand they will match any available bonuses offered by others. I just need to point them to the web page with the offer.

Anyone know the current best brokerage transfer bonus for $700K?
Anyone know if Fidelity will match others' offers?
No harm trying, but they seem to want $1M+ in assets based on prior reports. I'm guessing that they may have decided not to pay the 'hot money' game for smaller accounts. Since Fidelity is privately held, it may feel less pressure to show asset growth.

sc9182
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sc9182 » Wed Feb 27, 2019 5:21 pm

Some of the brokerages (esp. Fidelity) may match a published offer, or corresponding retention bonus.
But if you are looking for 'great' offer - currently, eTrade (try being referred to local team, from national call center) route seems to be better bet.

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Earl Lemongrab
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Earl Lemongrab » Wed Feb 27, 2019 6:00 pm

I wouldn't take it as definitive, but people have been reporting that Fidelity won't even match at <1mil. That being said, it never hurts to ask.

jaypee
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by jaypee » Fri Mar 01, 2019 4:35 pm

Hello Bogleheads!

Two questions for the Bank Account Bonus churners on this forum:

- Do you close your online saving account as soon as the bonus is posted?

- Besides the Capital one MM360 bonus, the recent $1000 bonus from Ally, and the $200 Discover Savings bonus, is there any other online bank bonus that you'd recommend? Looking for something easy (online and without direct deposit).

Thanks for your input, and enjoy your weekend!

Jaypee

grp2c
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by grp2c » Fri Mar 01, 2019 5:48 pm

I recently reached out to Fidelity promotions team to let them know I was looking at other brokerage bonuses to see if they would offer a retention bonus. They said no. Has anyone else been able to get a retention bonus from them recently?

snowman
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by snowman » Fri Mar 01, 2019 6:50 pm

jaypee wrote:
Fri Mar 01, 2019 4:35 pm
Hello Bogleheads!

Two questions for the Bank Account Bonus churners on this forum:

- Do you close your online saving account as soon as the bonus is posted?

- Besides the Capital one MM360 bonus, the recent $1000 bonus from Ally, and the $200 Discover Savings bonus, is there any other online bank bonus that you'd recommend? Looking for something easy (online and without direct deposit).

Thanks for your input, and enjoy your weekend!

Jaypee
Read T&Cs carefully. Keep the spreadsheet with dates and T&Cs to be met. Visit Doctor of Credit for up to date bonus list.

I would say you are missing the easiest one of all - Chase Total checking bonus ($300) which can be coupled with additional $300 bonus if you deposit $15K into savings account and keep it there for 3 months. ACH push from Fidelity CMA counts as DD. Really easy $600!

snowman
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by snowman » Fri Mar 01, 2019 6:59 pm

grp2c wrote:
Fri Mar 01, 2019 5:48 pm
I recently reached out to Fidelity promotions team to let them know I was looking at other brokerage bonuses to see if they would offer a retention bonus. They said no. Has anyone else been able to get a retention bonus from them recently?
This time last year I reached out to both TDA and Fidelity where I held most of my assets. Both said no to retention bonus. So I moved away and collected bonuses elsewhere, and just couple weeks ago moved back to TDA and collected nice bonuses again. TDA rewarded me very nicely for leaving them. Makes no sense, but that's the way it is.

GeraniumLover
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by GeraniumLover » Sat Mar 02, 2019 6:48 am

grp2c wrote:
Fri Mar 01, 2019 5:48 pm
I recently reached out to Fidelity promotions team to let them know I was looking at other brokerage bonuses to see if they would offer a retention bonus. They said no. Has anyone else been able to get a retention bonus from them recently?
I was offered one a couple of weeks ago but it was for less than the bonuses I would receive from the other brokers and came with too many strings. Plus I realized I would be foregoing a likely bonus from Fidelity when I transfer the funds back there.

SpaceCowboy
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SpaceCowboy » Sat Mar 02, 2019 8:31 am

grp2c wrote:
Fri Mar 01, 2019 5:48 pm
I recently reached out to Fidelity promotions team to let them know I was looking at other brokerage bonuses to see if they would offer a retention bonus. They said no. Has anyone else been able to get a retention bonus from them recently?
Fidelity recently told me that retention bonuses were limited to one per lifetime per SSN. Previously it one bonus per 12 months.

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cookymonster
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by cookymonster » Sat Mar 02, 2019 9:16 am

So which are the one per lifetime bonuses now? Schwab, maybe Fidelity? I read earlier in the thread that same applied to Ally.

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