The Final, Definitive Thread on Brokerage Transfer Bonuses

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

Post by SlowMovingInvestor » Thu Nov 07, 2019 2:17 pm

deltaneutral83 wrote:
Thu Nov 07, 2019 9:49 am
On Schwab's referral program, can I transfer in in kind from another brokerage or does it have to be cash? Terms were a little murky.

https://www.schwab.com/public/schwab/nn ... lient.html
In kind definitely allowed.

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Admiral Fun
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Admiral Fun » Thu Nov 07, 2019 8:15 pm

Any hot tips for the best transfer bonus for a 100K Roth IRA?

Schwab looks pretty good at $500 if I can find a referral (not asking for one here).
https://www.schwab.com/public/schwab/nn ... spect.html

Merrill has one for $375, which is lower than a few weeks ago, but still decent I suppose. Lower hold time than Schwab too.
https://www.merrilledge.com/offers/900offer

Other ideas?

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

Post by pre » Sat Nov 09, 2019 1:57 am

pre wrote:
Thu Apr 25, 2019 2:41 pm
Have any folks had experience with Chase Private Client and JP Morgan Securities? They have a $1250 cash promotion going for $250k in assets for only 90 days, so I've been highly considering it.

https://www.doctorofcredit.com/chase-12 ... ate-client

I was initially looking to transfer in $75k assets in their new self directed You Invest brokerage for $750 or 60k Ultimate Rewards, but the $1250 caught my eye.

This Chase Private Client offer excludes You Invest accounts, so one would have to transfer assets into JPM Securities' full service brokerage. Calling around, they charge $25-50 trading commissions and a $75 outgoing fee, with no annual management fees. I'd just be transferring some ETFs in kind and not conducting any trades.
Chase has bumped their $1250 bonus to an outstanding $2000 for $250k:

https://accounts.chase.com/consumer/ban ... ntchecking
https://www.doctorofcredit.com/chase-12 ... te-client/

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

Post by indexfundfan » Sat Nov 09, 2019 8:42 am

indexfundfan wrote:
Tue Oct 29, 2019 11:36 am
TDA has some pretty good transfer incentives for the taxable account, but expiring soon.

$50k transfer : bonus $300
$100k transfer : bonus $700
$250k transfer : bonus $1,300
$500k transfer : bonus $1,900

$1m transfer : bonus $3,500
$2m transfer : bonus $6,600
$5m transfer : bonus $12,700

https://www.tdameritrade.com/gametime

You probably need to talk to a rep to have the promo coded to your account.
Apparently this offer has now been extended. You now have until 11/22/19 to make a deposit.

I took advantage of this offer. My timeline was as follows

T+0 : Submitted ACAT transfer request
T+1 : ACAT request sent to other brokerage
T+4 : Assets posted.
T+6 : Bonus posted.

Unlike some other offers, the bonus from TDA posted very quickly. At Merrill, you have to wait until the holding period (could be as long as one year) is over before getting the bonus.
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GeraniumLover
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by GeraniumLover » Sat Nov 09, 2019 8:46 am

SlowMovingInvestor wrote:
Tue Oct 29, 2019 12:45 pm
For TDAM, actual transfer needs to be completed by Oct 8th. Not just initiating transfer.

Not much time -- it takes a few days for ACATs. Disappointing that the board missed this earlier :(

ADDED: *Offer valid for preselected clients who respond to the offer.

So not clear they would honor it if you're not preselected.
Offer has been extended to allow for funding by 11/22/19:

https://www.tdameritrade.com/landing-pa ... index.html

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Admiral Fun
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Admiral Fun » Sat Nov 09, 2019 10:14 am

GeraniumLover wrote:
Sat Nov 09, 2019 8:46 am
SlowMovingInvestor wrote:
Tue Oct 29, 2019 12:45 pm
For TDAM, actual transfer needs to be completed by Oct 8th. Not just initiating transfer.

Not much time -- it takes a few days for ACATs. Disappointing that the board missed this earlier :(

ADDED: *Offer valid for preselected clients who respond to the offer.

So not clear they would honor it if you're not preselected.
Offer has been extended to allow for funding by 11/22/19:

https://www.tdameritrade.com/landing-pa ... index.html
A good offer, though IRAs are not eligible for this one.

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

Post by GeraniumLover » Sat Nov 09, 2019 2:58 pm

SlowMovingInvestor wrote:
Fri Oct 04, 2019 7:38 pm
Schwab actually has it's first bonus in a while for existing customers

https://www.schwab.com/public/schwab/nn ... eward.html

Not that great, the Schwab referral bonus I linked to earlier is better in some ways, but that may only hold for new to Schwab customers.
This offer seems to be no longer available, at least at the original link. Does anyone know its status?

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

Post by SlowMovingInvestor » Sat Nov 09, 2019 7:40 pm

GeraniumLover wrote:
Sat Nov 09, 2019 2:58 pm
SlowMovingInvestor wrote:
Fri Oct 04, 2019 7:38 pm
Schwab actually has it's first bonus in a while for existing customers

https://www.schwab.com/public/schwab/nn ... eward.html

Not that great, the Schwab referral bonus I linked to earlier is better in some ways, but that may only hold for new to Schwab customers.
This offer seems to be no longer available, at least at the original link. Does anyone know its status?
I think it was originally only until end Oct. You can call and ask Schwab about bonuses.

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sperry8
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sperry8 » Sun Nov 10, 2019 1:15 am

deltaneutral83 wrote:
Thu Nov 07, 2019 9:49 am
On Schwab's referral program, can I transfer in in kind from another brokerage or does it have to be cash? Terms were a little murky.

https://www.schwab.com/public/schwab/nn ... lient.html
In-kind should work. It did for their cash promo to move new funds in. Hard to believe it wouldn't for their referral promo. Call their CS to be sure
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GeraniumLover
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by GeraniumLover » Mon Nov 11, 2019 6:56 pm

GeraniumLover wrote:
Sat Nov 09, 2019 8:46 am
SlowMovingInvestor wrote:
Tue Oct 29, 2019 12:45 pm
For TDAM, actual transfer needs to be completed by Oct 8th. Not just initiating transfer.

Not much time -- it takes a few days for ACATs. Disappointing that the board missed this earlier :(

ADDED: *Offer valid for preselected clients who respond to the offer.

So not clear they would honor it if you're not preselected.
Offer has been extended to allow for funding by 11/22/19:

https://www.tdameritrade.com/landing-pa ... index.html
Offer has been further extended to allow for funding by 12/6/19:
https://www.tdameritrade.com/landing-pa ... nt/gameon/

Still not available for IRAs though

seymore92
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by seymore92 » Mon Nov 11, 2019 7:06 pm

indexfundfan wrote:
Sat Nov 09, 2019 8:42 am
indexfundfan wrote:
Tue Oct 29, 2019 11:36 am
TDA has some pretty good transfer incentives for the taxable account, but expiring soon.

$50k transfer : bonus $300
$100k transfer : bonus $700
$250k transfer : bonus $1,300
$500k transfer : bonus $1,900

$1m transfer : bonus $3,500
$2m transfer : bonus $6,600
$5m transfer : bonus $12,700

https://www.tdameritrade.com/gametime

You probably need to talk to a rep to have the promo coded to your account.
Apparently this offer has now been extended. You now have until 11/22/19 to make a deposit.

I took advantage of this offer. My timeline was as follows

T+0 : Submitted ACAT transfer request
T+1 : ACAT request sent to other brokerage
T+4 : Assets posted.
T+6 : Bonus posted.

Unlike some other offers, the bonus from TDA posted very quickly. At Merrill, you have to wait until the holding period (could be as long as one year) is over before getting the bonus.
Did you have to call up for any reason or the promo applied just fine doing everything online?

seymore92
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by seymore92 » Mon Nov 11, 2019 7:21 pm

indexfundfan wrote:
Tue Oct 29, 2019 11:36 am
TDA has some pretty good transfer incentives for the taxable account, but expiring soon.

$50k transfer : bonus $300
$100k transfer : bonus $700
$250k transfer : bonus $1,300
$500k transfer : bonus $1,900

$1m transfer : bonus $3,500
$2m transfer : bonus $6,600
$5m transfer : bonus $12,700

https://www.tdameritrade.com/gametime

You probably need to talk to a rep to have the promo coded to your account.
I haven't been following brokerage bonuses much, so are these TDA bonuses (especially in the $2m & $5m levels of $6600 and $12700 respectively) some of the largest bonuses ever seen? It sounds almost too good to pass up.

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

Post by snowman » Mon Nov 11, 2019 7:43 pm

What happened to Earl? Anybody knows?

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

Post by indexfundfan » Mon Nov 11, 2019 8:29 pm

seymore92 wrote:
Mon Nov 11, 2019 7:21 pm
indexfundfan wrote:
Tue Oct 29, 2019 11:36 am
TDA has some pretty good transfer incentives for the taxable account, but expiring soon.

$50k transfer : bonus $300
$100k transfer : bonus $700
$250k transfer : bonus $1,300
$500k transfer : bonus $1,900

$1m transfer : bonus $3,500
$2m transfer : bonus $6,600
$5m transfer : bonus $12,700

https://www.tdameritrade.com/gametime

You probably need to talk to a rep to have the promo coded to your account.
I haven't been following brokerage bonuses much, so are these TDA bonuses (especially in the $2m & $5m levels of $6600 and $12700 respectively) some of the largest bonuses ever seen? It sounds almost too good to pass up.
Yes, this is one of the higher bonus offer. The most common bonus for $1m transfer was $2500.

I had some questions about the money market funds and was talking to a rep from the local office when he mentioned this offer. I have no idea if a rep is needed to code the offer into your account.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by LadyGeek » Wed Nov 13, 2019 4:46 pm

I removed a post and reply inquiring about a forum member. The discussion was getting derailed.

If anyone has a question regarding a member, please PM me.
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SlowMovingInvestor
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SlowMovingInvestor » Wed Nov 13, 2019 5:46 pm

I was talking to a rep at Schwab about one of their bonuses, and the rep said that to get a bonus for say transferring in $250K, you need to transfer 250K in, then make sure that the 250K balance is maintained for 45 days until the bonus is paid.

This doesn't make sense to me -- market values can fluctuate. I am assuming the rep was wrong. You should need to net transfer in the amount ($250k or whatever) in 45 days.

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

Post by placeholder » Wed Nov 13, 2019 7:12 pm

snowman wrote:
Mon Nov 11, 2019 7:43 pm
What happened to Earl? Anybody knows?
You can also PM me.

Edit: To clarify he's just fine and filling up former boglehead time with the new game he's playing called endless sky.

557880yvi
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 557880yvi » Thu Nov 14, 2019 8:12 am

Just got an offer from Schwab for $2500 per IRA greater than $1M transferred. Has to be transferred by 12/31 and stay for a year. But surprisingly, on taxable brokerage account (which has 90% equities and Vanguard MF's) nothing. But perhaps this is because Schwab is looking for cash in the brokerage accounts?

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

Post by GeraniumLover » Thu Nov 14, 2019 8:19 am

557880yvi wrote:
Thu Nov 14, 2019 8:12 am
Just got an offer from Schwab for $2500 per IRA greater than $1M transferred. Has to be transferred by 12/31 and stay for a year. But surprisingly, on taxable brokerage account (which has 90% equities and Vanguard MF's) nothing. But perhaps this is because Schwab is looking for cash in the brokerage accounts?
Did you get this offer via email? Is there a link you can share?

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

Post by totoroto » Sat Nov 16, 2019 11:13 am

indexfundfan wrote:
Mon Nov 11, 2019 8:29 pm
seymore92 wrote:
Mon Nov 11, 2019 7:21 pm
indexfundfan wrote:
Tue Oct 29, 2019 11:36 am
TDA has some pretty good transfer incentives for the taxable account, but expiring soon.

$50k transfer : bonus $300
$100k transfer : bonus $700
$250k transfer : bonus $1,300
$500k transfer : bonus $1,900

$1m transfer : bonus $3,500
$2m transfer : bonus $6,600
$5m transfer : bonus $12,700

https://www.tdameritrade.com/gametime

You probably need to talk to a rep to have the promo coded to your account.
I haven't been following brokerage bonuses much, so are these TDA bonuses (especially in the $2m & $5m levels of $6600 and $12700 respectively) some of the largest bonuses ever seen? It sounds almost too good to pass up.
Yes, this is one of the higher bonus offer. The most common bonus for $1m transfer was $2500.

I had some questions about the money market funds and was talking to a rep from the local office when he mentioned this offer. I have no idea if a rep is needed to code the offer into your account.
I don’t have an account at TD but am looking to take advantage of this since there’s a link above that will work through 12/6.

Since this is a new account do I need to contact a rep to get this coded correctly?

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

Post by BuddyJet » Sat Nov 16, 2019 9:24 pm

With all the TDA discussion, I thought I’d tell my experience.

About a year ago, I called in to sign up for a promo, was told account coded for promo, called when promo didn’t post, was told account not coded so no promo would be given and nothing can be done. Filed transfer paperwork to move account and was then offered retention bonus amount equal to promo I was originally offered.

For this tailgate promo, called to ask account be coded for promo and confirming email, no email received, called again and was told account was coded and would send email, two days later sent secure message asking that they confirm promo amount and account coding, received response describing promo but not account coding, responded asking for account coding confirm and was received.

The transfer hit tda Friday so I expect promo next week but lesson is to get confirmations in writing and keep log of phone conversations with times, names and numbers.

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