Fidelity Transfer Bonus - Question about 12-month holding period

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Kookaburra
Posts: 1851
Joined: Thu Apr 02, 2020 11:14 pm

Fidelity Transfer Bonus - Question about 12-month holding period

Post by Kookaburra »

It is common for brokerages (like Fidelity) to require a 12-month period in which assets transferred in for a promo bonus must remain in " on the net" through a 12-month window. My question is: is this determined on an ongoing basis, or at the end of the 12-month period? Specifically for Fidelity.

For example, if on month #6 I need to withdraw some of the inital amount transferred, but I "replace" this amount before the 12-month window ends, is this OK for keeping the bonus or would it cause the bonus to be revoked?
nalor511
Posts: 3544
Joined: Mon Jul 27, 2015 1:00 am

Re: Fidelity Transfer Bonus - Question about 12-month holding period

Post by nalor511 »

Kookaburra wrote: Tue Jan 24, 2023 10:10 pm It is common for brokerages (like Fidelity) to require a 12-month period in which assets transferred in for a promo bonus must remain in " on the net" through a 12-month window. My question is: is this determined on an ongoing basis, or at the end of the 12-month period? Specifically for Fidelity.

For example, if on month #6 I need to withdraw some of the inital amount transferred, but I "replace" this amount before the 12-month window ends, is this OK for keeping the bonus or would it cause the bonus to be revoked?
It's against the terms so they CAN revoke your bonus, so don't do it. Realistically they would probably give you a chance to replace it, but why take an unnecessary risk?

Dividends can be removed without penalty (because they are first deposited, then withdrawn, so it's a net zero)
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