The Final, Definitive Thread on Brokerage Transfer Bonuses

[nalor511]

Got played by Merrill Edge. I've been churning them a few times. Rep told me $750 to move over 250K+ back in July, and I did. He reimbursed $50 transfer fee as well. Now 90 days + 2 weeks have come and gone, and they're saying I'm not approved because I cycled my money (I transferred it out last year). I don't have think I have any recourse here since my account doesn't show that I'm enrolled. Just kinda trusted the rep...

oh well, moving on to Chase's self directed $700.

Always get eligibility and enrollment confirmation in writing, or don't do it. Lesson for the future. If you have it, I would escalate, hard.

yeah definitely learned my lesson. I don't have anything in writing so I'm just gonna move on. Didn't cost me much anyway.

Another option is recordator.com

Assuming that's a recording, I would still advise people get eligibility and enrollment in writing, which cannot be misinterpreted. I have never had an issue once something is in writing, and I've had many issues when something was offered on the phone.

[need403bhelp]

Got played by Merrill Edge. I've been churning them a few times. Rep told me $750 to move over 250K+ back in July, and I did. He reimbursed $50 transfer fee as well. Now 90 days + 2 weeks have come and gone, and they're saying I'm not approved because I cycled my money (I transferred it out last year). I don't have think I have any recourse here since my account doesn't show that I'm enrolled. Just kinda trusted the rep...

oh well, moving on to Chase's self directed $700.

Always get eligibility and enrollment confirmation in writing, or don't do it. Lesson for the future. If you have it, I would escalate, hard.

yeah definitely learned my lesson. I don't have anything in writing so I'm just gonna move on. Didn't cost me much anyway.

Another option is recordator.com

Assuming that's a recording, I would still advise people get eligibility and enrollment in writing, which cannot be misinterpreted. I have never had an issue once something is in writing, and I've had many issues when something was offered on the phone.

Fair enough. I agree that in writing is best, but I’ve used recordator.com in a pinch, although not specifically for brokerage account bonuses.

[SnowBog]

Another option is recordator.com

Assuming that's a recording, I would still advise people get eligibility and enrollment in writing, which cannot be misinterpreted. I have never had an issue once something is in writing, and I've had many issues when something was offered on the phone.

Fair enough. I agree that in writing is best, but I’ve used recordator.com in a pinch, although not specifically for brokerage account bonuses.

As a reminder, recording people without their knowledge may be illegal. Per the FAQ on the recordator site, in 12 states all parties must consent to be recorded.

[need403bhelp]

Another option is recordator.com

Assuming that's a recording, I would still advise people get eligibility and enrollment in writing, which cannot be misinterpreted. I have never had an issue once something is in writing, and I've had many issues when something was offered on the phone.

Fair enough. I agree that in writing is best, but I’ve used recordator.com in a pinch, although not specifically for brokerage account bonuses.

As a reminder, recording people without their knowledge may be illegal. Per the FAQ on the recordator site, in 12 states all parties must consent to be recorded.

Thanks. I am in a one party state (ie only one person must know). Also, most financial institutions and brokerages tell me that our conversation is being recorded, so I feel that ethically no further notification is needed to record from my side.

[whodidntante]

Seems to be dying down lately. Do these pick up start of year typically or random?

If you see a good offer, take it. These promos are driven by whims of marketing departments and/or VC money.

[potatogun]

Yes, I've combined the total checking/savings with a CPC upgrade successfully. Did the CPC upgrade a few days after total checking/savings opening. The CPC banker was able to print out promo enrollment confirmations from their system. Consistent with the public facing terms (at the time), there was no language about disallowing combination.

I am planning to open the Chase Private Client Checking (CPC) account and the J.P. Morgan Wealth Management non-retirement account (to transfer ETFs from another brokerage) to get the bonus. I am wondering if anybody has had success combining this offer with the Chase $900 bonus ($300 new checking, $200 new savings and $400 more if combined).

It looks like based on the following fine print for the $900 bonus you can only receive one new checking related bonus every two years. Not sure if they mean only regular checking or if it includes the CPC as well. Any advice would be appreciated!

* Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers. Both offers are not available to those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years.
* You can receive only one new checking and one new savings account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use.

[need403bhelp]

No link yet (shows up in app) but WeBull now has IRA bonus through 12/18 $600 for $100k no referral or $1800 for $100k with referral for each party (so if refer DW and both transfer $100k both get $1800). Hold period through end of August and bonus reward must be kept at WeBull for 90 days. Sounds pretty enticing with referral and no cost basis issues since this is an IRA.

[Sandtrap]

Long ago, I had transferred 1 million dollars (finger in teeth...Dr. Evil)...to a brokerage account at Schwab with a 1500 dollar "transfer bonus aware". It went through fine and I go the bonus. But, upon some digging, I found an entry where the Schwab Broker Customer Rep/Salesman that handled the transaction put down the amount of transfer as "several million". I "assume" that he did that to boost his commission. I stopped dealing with Schwab after that in any big way.

j

[marathonfi]

No link yet (shows up in app) but WeBull now has IRA bonus through 12/18 $600 for $100k no referral or $1800 for $100k with referral for each party (so if refer DW and both transfer $100k both get $1800). Hold period through end of August and bonus reward must be kept at WeBull for 90 days. Sounds pretty enticing with referral and no cost basis issues since this is an IRA.

I also see this in the app. Very enticing!

[nalor511]

Long ago, I had transferred 1 million dollars (finger in teeth...Dr. Evil)...to a brokerage account at Schwab with a 1500 dollar "transfer bonus aware". It went through fine and I go the bonus. But, upon some digging, I found an entry where the Schwab Broker Customer Rep/Salesman that handled the transaction put down the amount of transfer as "several million". I "assume" that he did that to boost his commission. I stopped dealing with Schwab after that in any big way.

j

They can write whatever notes they want in my account as long as I get my bonus.

[EnjoyIt]

Seems to be dying down lately. Do these pick up start of year typically or random?

If you see a good offer, take it. These promos are driven by whims of marketing departments and/or VC money.

People were complaining for maybe 6-8 weeks how there were no good offers and then WeBull comes out with something good. I figured just cause an offer ended doesn't mean I must pull out immediately. I wait patiently until something else that is good comes along and jump to that. I don't mind my VTI and VEU sitting somewhere waiting for a new home to open up.

[need403bhelp]

No link yet (shows up in app) but WeBull now has IRA bonus through 12/18 $600 for $100k no referral or $1800 for $100k with referral for each party (so if refer DW and both transfer $100k both get $1800). Hold period through end of August and bonus reward must be kept at WeBull for 90 days. Sounds pretty enticing with referral and no cost basis issues since this is an IRA.

I also see this in the app. Very enticing!

If anyone is interested, here are full terms and conditions:

Terms & Conditions
Offer Period: November 17, 2023 at 12:00 AM EST – December 18, 2023 at 11:59 PM EST.

Offer Eligibility: This promotional offer (the “Offer”) is open only to individuals who (a) are at least 18 years of age, (b) reside in the United States, (c) have a valid social security number or tax identification number, (d) have a brokerage account (a “Webull Brokerage Account”) with Webull Financial LLC (“Webull Financial”), and (e) opened a Traditional IRA or Roth IRA account (each an “IRA Account”) through the Webull website or mobile application (the “Webull Platform”) during the Offer Period (each, an “Eligible Customer”).

Deposit Reward Offer Requirements: During the Offer Period, Eligible Customers must satisfy the following “Deposit Reward Offer Requirements”: (i) open an IRA Account through the Webull Platform, and (ii) fund it with new money by moving cash, transferring securities, or rolling over existing retirement assets from another institution (“Eligible Assets”). Contributions to the IRA Account of assets from an existing account with Webull Financial or any of its affiliates will not be counted for purposes of determining the amount of Eligible Assets for this Offer. Any Eligible Customer who satisfies the Deposit Reward Offer Requirements is eligible to receive one “Deposit Reward”.

Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements:

i. entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account. Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or

ii. completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.” A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States.
Any Eligible Customer who satisfies the Referral Reward Offer Requirements is eligible to receive one “Referral Reward”. An Eligible Customer who satisfies the Referral Reward Offer Requirements will be eligible to receive one Referral Reward, but will no longer be eligible to receive a Deposit Reward.

Deposit Reward and Referral Reward Amounts:


Eligible Customers will receive either the Deposit Reward or, if the Eligible Customer has satisfied the additional requirements set forth above, the Referral Reward, set forth in the chart below. ELIGIBLE CUSTOMERS WILL NOT BE ENTITLED TO RECEIVE BOTH A DEPOSIT REWARD AND A REFERRAL REWARD.

The Deposit Reward or the Referral Reward to which an Eligible Customer is entitled will not be issued until August 30, 2024 (the “Reward Issuance Date”).


PLEASE NOTE:

1. Eligible Customers will not be entitled to receive both a Deposit Reward and a Referral Reward. If an Eligible Customer satisfies the requirements hereunder to receive a Referral Reward, that Eligible Customer will not receive any Deposit Reward.

Example: Eligible Customer uses an Active IRA Referral Code to open an IRA Account. Eligible Customer deposits $30,000 of Eligible Assets to their IRA Account during the Offer Period and maintains that Eligible Asset balance until the Reward Issuance Date. Eligible Customer will be entitled to receive only a $450 Referral Reward. Eligible Customer will not be entitled to receive an additional $150 Deposit Reward.

2. Additional deposits of Eligible Assets by an Eligible Customer to their IRA Account between the end of the Offer Period and the Reward Issuance Date will not be counted toward the Eligible Customer’s total Eligible Assets for purposes of calculating their Deposit Reward and will not increase the Deposit Reward or Referral Reward to which the Eligible Customer is entitled.

Example: Eligible Customer deposits $5,000 of Eligible Assets to their IRA Account during the Offer Period and maintains that Eligible Asset balance until the Reward Issuance Date. Eligible Customer is not entitled to any Referral Reward. Between the end of the Offer Period and the Reward Issuance Date, Eligible Customer transfers additional Eligible Assets to their IRA Account so that their IRA Account contains $7,000 of Eligible Assets as of the Reward Issuance Date. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $5 on the Reward Issuance Date.

3. Withdrawals or transfers of Eligible Assets from an Eligible Customer’s IRA Account between the end of the Offer Period and the Reward Issuance Date will reduce the Eligible Customer’s total Eligible Assets for purposes of calculating their Deposit Reward and may reduce the Deposit Reward to which the Eligible Customer is entitled.

Example: Eligible Customer deposits $7,000 of Eligible Assets to their IRA Account during the Offer Period. Eligible Customer is not entitled to any Referral Reward. Between the end of the Offer Period and the Reward Issuance Date, Eligible Customer transfers Eligible Assets out of their IRA Account, so that their IRA Account contains $5,000 of Eligible Assets as of the Reward Issuance Date. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $5 on the Reward Issuance Date.

4. Eligible Customers will not accrue Deposit Rewards or Referral Rewards on a cumulative basis for surpassing any preceding Eligible Asset tiers.

Example: Eligible Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date and that Eligible Customer is not entitled to any Referral Reward. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $30 on the Reward Issuance Date. Eligible Customer will not be entitled to receive an additional $5 Deposit Reward for surpassing the preceding Eligible Asset amount tier.

5. Eligible Customers will be entitled to receive only one Referral Reward for either (i) entering an Active IRA Referral Code in connection with the opening of their IRA Account, or (ii) completing a Successful Referral. An Eligible Customer will not be entitled to multiple Referral Rewards for opening their account using an Active IRA Referral Code and subsequently completing a Successful Referral.

Example: Eligible Customer enters an Active IRA Referral Code in connection with the opening of their IRA Account during the Offer Period. Eligible Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Eligible Customer completed a Successful Referral during the Offer Period. Eligible Customer will only be entitled to receive one Referral Reward in the amount of $90.

6. Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance.

Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90.

7. Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account. If an Eligible Customer fails to comply with this requirement, Webull Financial may charge the Eligible Customer’s Webull Brokerage Account the cost of the Deposit Reward or Referral Reward.

Limitations: Limit one Deposit Reward or Referral Reward per Eligible Customer.

Webull Financial reserves the right, in its sole discretion, to declare an Eligible Customer ineligible to earn any Deposit Reward or Referral Reward, or to decline to grant an accrued Deposit Reward or Referral Reward to an Eligible Customer for any reason or for no reason, including without limitation (1) for such Eligible Customer’s failure to satisfy any Offer requirements or any violation of the terms and conditions of the Offer, (2) for any actual or suspected fraudulent, deceptive, or abusive activity in connection with any of the platforms or services offered by Webull Financial or any of its direct or indirect owners, its affiliates, and/or its subsidiaries, (3) in connection with any attempt to undermine the legitimate operation of the Offer by cheating, hacking, deception, or other unfair or improper conduct, or (4) for violation by such Eligible Customer of the terms of any agreement to which it is a party with Webull Financial or any direct or indirect owner, any affiliate, or any subsidiary of Webull Financial.

Webull Financial reserves the right to change these Terms and Conditions or terminate the Offer at any time without notice. Without limiting the foregoing, if for any reason the Offer is not capable of running as planned including without limitation by reason of any interruption of service, tampering, unauthorized intervention, labor dispute, fraud, or any other cause beyond the control of Webull Financial, which, in the sole opinion of Webull Financial, corrupts or affects the administration, security, fairness, integrity or proper conduct of the Offer, then Webull Financial may, in its sole discretion, elect to cancel, terminate, modify or suspend the Offer.

Webull Financial may, in its sole discretion, elect to not pay or to rescind payment of all or any portion of a Deposit Reward or Referral Reward if any portion of the applicable Eligible Customer’s Eligible Assets does not settle, is reversed, or is otherwise determined to be improper or invalid.

The Offer is not transferable or saleable and is available only to legal residents of the United States. This Offer is not valid alongside any other promotions offered by Webull Financial or any of its affiliates or subsidiaries. Employees, contractors, or persons similarly associated with Webull Financial or its direct or indirect owners, its affiliates, and/or its subsidiaries; members of their household; referral partners; key opinion leaders and/or influencers; registered representatives of broker-dealers; employees of any securities regulatory organization or exchange; and/or employees of any market maker are not eligible to participate in the Offer or to earn any Deposit Reward or Referral Reward. The Offer is only available for personal use and may not be used for commercial purposes. Other restrictions may apply. Void where prohibited.

No substitution, cash redemption, assignment or transfer of a Deposit Reward or Referral Reward is permitted, except by Webull Financial, which reserves the right in its sole discretion to substitute a Deposit Reward or Referral Reward with another prize of equal or greater value. All federal, state, and local taxes, if any, related to any Deposit Reward or Referral Reward are the responsibility of the recipient.

Receipt of a Deposit Reward or Referral Reward does not constitute a solicitation, a recommendation to buy, sell, or hold any asset, or investment advice. Consult with your tax advisor about the appropriate tax treatment for this Offer and any tax implications associated with an IRA Account and with the receipt of a Deposit Reward or Referral Reward before enrolling. Neither Webull Financial nor any of its direct or indirect owners, its affiliates, or its subsidiaries, is responsible for any taxes related to this Offer or any Deposit Reward or Referral Reward. This Offer is not sponsored by, endorsed by, or affiliated in any way with any third party.

ACH Transfers: Clients who fund their IRA Account with an ACH transfer are responsible for having enough cash in their initiating bank account to cover the transaction. Neither Webull Financial nor any of its direct or indirect owners, its affiliates, or its subsidiaries, takes any responsibility for any charges that an Eligible Customer may experience in connection with any ACH Transfer, including without limitation for any charges due to insufficient funds or ACH reversals.

Release: BY PARTICIPATING IN THE OFFER, YOU RELEASE, DISCHARGE, AND AGREE TO INDEMNIFY AND HOLD HARMLESS WEBULL FINANCIAL, ITS DIRECT AND INDIRECT OWNER(S), AFFILIATE(S), AND/OR SUBSIDIARIES, AND ALL OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, EMPLOYEES, MEMBERS, MANAGERS, AGENTS, LICENSEES, CONTRACTORS, REPRESENTATIVES, SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM AND AGAINST ANY LIABILITY FOR ANY DAMAGES, INJURY OR LOSSES, TO ANY PERSON OR PROPERTY, OF ANY KIND RESULTING IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, FROM ACCEPTANCE, POSSESSION, MISUSE OR USE OF ANY DEPOSIT REWARD OR REFERRAL REWARD, OR PARTICIPATION IN THE OFFER. You agree that the Released Parties are not responsible for the occurrence of any event or condition which may, directly or indirectly, limit or prevent you from participating in the Offer or from earning or receiving a Deposit Reward or Referral Reward, including without limitation any technological issues; interruptions of service for any reason; technical, mechanical, printing, typographical, or other errors; or any other errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communications line failures, technical errors, theft, cyber-attacks, or unauthorized account access.

[hmw]

No link yet (shows up in app) but WeBull now has IRA bonus through 12/18 $600 for $100k no referral or $1800 for $100k with referral for each party (so if refer DW and both transfer $100k both get $1800). Hold period through end of August and bonus reward must be kept at WeBull for 90 days. Sounds pretty enticing with referral and no cost basis issues since this is an IRA.

I also see this in the app. Very enticing!

If anyone is interested, here are full terms and conditions:

Code: Select all

Terms & Conditions
Offer Period: November 17, 2023 at 12:00 AM EST – December 18, 2023 at 11:59 PM EST. 
 
Offer Eligibility: This promotional offer (the “Offer”) is open only to individuals who (a) are at least 18 years of age, (b) reside in the United States, (c) have a valid social security number or tax identification number, (d) have a brokerage account (a “Webull Brokerage Account”) with Webull Financial LLC (“Webull Financial”), and (e) opened a Traditional IRA or Roth IRA account (each an “IRA Account”) through the Webull website or mobile application (the “Webull Platform”) during the Offer Period (each, an “Eligible Customer”). 
 
Deposit Reward Offer Requirements: During the Offer Period, Eligible Customers must satisfy the following “Deposit Reward Offer Requirements”: (i) open an IRA Account through the Webull Platform, and (ii) fund it with new money by moving cash, transferring securities, or rolling over existing retirement assets from another institution (“Eligible Assets”). Contributions to the IRA Account of assets from an existing account with Webull Financial or any of its affiliates will not be counted for purposes of determining the amount of Eligible Assets for this Offer.  Any Eligible Customer who satisfies the Deposit Reward Offer Requirements is eligible to receive one “Deposit Reward”. 
 
Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements: 
 
i.	entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account.  Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or 
 
ii.	completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.”  A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States. 
Any Eligible Customer who satisfies the Referral Reward Offer Requirements is eligible to receive one “Referral Reward”.  An Eligible Customer who satisfies the Referral Reward Offer Requirements will be eligible to receive one Referral Reward, but will no longer be eligible to receive a Deposit Reward. 
 
Deposit Reward and Referral Reward Amounts: Eligible Customers will receive either the Deposit Reward or, if the Eligible Customer has satisfied the additional requirements set forth above, the Referral Reward, set forth in the chart below. ELIGIBLE CUSTOMERS WILL NOT BE ENTITLED TO RECEIVE BOTH A DEPOSIT REWARD AND A REFERRAL REWARD. 
 
The Deposit Reward or the Referral Reward to which an Eligible Customer is entitled will not be issued until August 30, 2024 (the “Reward Issuance Date”). 
 

PLEASE NOTE: 
 
1.	Eligible Customers will not be entitled to receive both a Deposit Reward and a Referral Reward. If an Eligible Customer satisfies the requirements hereunder to receive a Referral Reward, that Eligible Customer will not receive any Deposit Reward. 
 
Example: Eligible Customer uses an Active IRA Referral Code to open an IRA Account. Eligible Customer deposits $30,000 of Eligible Assets to their IRA Account during the Offer Period and maintains that Eligible Asset balance until the Reward Issuance Date. Eligible Customer will be entitled to receive only a $450 Referral Reward. Eligible Customer will not be entitled to receive an additional $150 Deposit Reward. 
 
2.	Additional deposits of Eligible Assets by an Eligible Customer to their IRA Account between the end of the Offer Period and the Reward Issuance Date will not be counted toward the Eligible Customer’s total Eligible Assets for purposes of calculating their Deposit Reward and will not increase the Deposit Reward or Referral Reward to which the Eligible Customer is entitled.  
 
Example: Eligible Customer deposits $5,000 of Eligible Assets to their IRA Account during the Offer Period and maintains that Eligible Asset balance until the Reward Issuance Date. Eligible Customer is not entitled to any Referral Reward. Between the end of the Offer Period and the Reward Issuance Date, Eligible Customer transfers additional Eligible Assets to their IRA Account so that their IRA Account contains $7,000 of Eligible Assets as of the Reward Issuance Date. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $5 on the Reward Issuance Date. 
 
3.	Withdrawals or transfers of Eligible Assets from an Eligible Customer’s IRA Account between the end of the Offer Period and the Reward Issuance Date will reduce the Eligible Customer’s total Eligible Assets for purposes of calculating their Deposit Reward and may reduce the Deposit Reward to which the Eligible Customer is entitled. 
 
Example: Eligible Customer deposits $7,000 of Eligible Assets to their IRA Account during the Offer Period. Eligible Customer is not entitled to any Referral Reward. Between the end of the Offer Period and the Reward Issuance Date, Eligible Customer transfers Eligible Assets out of their IRA Account, so that their IRA Account contains $5,000 of Eligible Assets as of the Reward Issuance Date. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $5 on the Reward Issuance Date. 
 
4.	Eligible Customers will not accrue Deposit Rewards or Referral Rewards on a cumulative basis for surpassing any preceding Eligible Asset tiers. 
 
Example: Eligible Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date and that Eligible Customer is not entitled to any Referral Reward. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $30 on the Reward Issuance Date. Eligible Customer will not be entitled to receive an additional $5 Deposit Reward for surpassing the preceding Eligible Asset amount tier. 
 
5.	Eligible Customers will be entitled to receive only one Referral Reward for either (i) entering an Active IRA Referral Code in connection with the opening of their IRA Account, or (ii) completing a Successful Referral. An Eligible Customer will not be entitled to multiple Referral Rewards for opening their account using an Active IRA Referral Code and subsequently completing a Successful Referral. 
 
Example: Eligible Customer enters an Active IRA Referral Code in connection with the opening of their IRA Account during the Offer Period. Eligible Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Eligible Customer completed a Successful Referral during the Offer Period. Eligible Customer will only be entitled to receive one Referral Reward in the amount of $90. 
 
6.	Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance. 
 
Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90. 
 
7.	Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account. If an Eligible Customer fails to comply with this requirement, Webull Financial may charge the Eligible Customer’s Webull Brokerage Account the cost of the Deposit Reward or Referral Reward. 
 
Limitations: Limit one Deposit Reward or Referral Reward per Eligible Customer.  
 
Webull Financial reserves the right, in its sole discretion, to declare an Eligible Customer ineligible to earn any Deposit Reward or Referral Reward, or to decline to grant an accrued Deposit Reward or Referral Reward to an Eligible Customer for any reason or for no reason, including without limitation (1) for such Eligible Customer’s failure to satisfy any Offer requirements or any violation of the terms and conditions of the Offer, (2) for any actual or suspected fraudulent, deceptive, or abusive activity in connection with any of the platforms or services offered by Webull Financial or any of its direct or indirect owners, its affiliates, and/or its subsidiaries, (3) in connection with any attempt to undermine the legitimate operation of the Offer by cheating, hacking, deception, or other unfair or improper conduct, or (4) for violation by such Eligible Customer of the terms of any agreement to which it is a party with Webull Financial or any direct or indirect owner, any affiliate, or any subsidiary of Webull Financial.  
 
Webull Financial reserves the right to change these Terms and Conditions or terminate the Offer at any time without notice. Without limiting the foregoing, if for any reason the Offer is not capable of running as planned including without limitation by reason of any interruption of service, tampering, unauthorized intervention, labor dispute, fraud, or any other cause beyond the control of Webull Financial, which, in the sole opinion of Webull Financial, corrupts or affects the administration, security, fairness, integrity or proper conduct of the Offer, then Webull Financial may, in its sole discretion, elect to cancel, terminate, modify or suspend the Offer.  
 
Webull Financial may, in its sole discretion, elect to not pay or to rescind payment of all or any portion of a Deposit Reward or Referral Reward if any portion of the applicable Eligible Customer’s Eligible Assets does not settle, is reversed, or is otherwise determined to be improper or invalid. 
  
The Offer is not transferable or saleable and is available only to legal residents of the United States. This Offer is not valid alongside any other promotions offered by Webull Financial or any of its affiliates or subsidiaries. Employees, contractors, or persons similarly associated with Webull Financial or its direct or indirect owners, its affiliates, and/or its subsidiaries; members of their household; referral partners; key opinion leaders and/or influencers; registered representatives of broker-dealers; employees of any securities regulatory organization or exchange; and/or employees of any market maker are not eligible to participate in the Offer or to earn any Deposit Reward or Referral Reward. The Offer is only available for personal use and may not be used for commercial purposes. Other restrictions may apply. Void where prohibited. 
    
No substitution, cash redemption, assignment or transfer of a Deposit Reward or Referral Reward is permitted, except by Webull Financial, which reserves the right in its sole discretion to substitute a Deposit Reward or Referral Reward with another prize of equal or greater value. All federal, state, and local taxes, if any, related to any Deposit Reward or Referral Reward are the responsibility of the recipient. 
  
Receipt of a Deposit Reward or Referral Reward does not constitute a solicitation, a recommendation to buy, sell, or hold any asset, or investment advice. Consult with your tax advisor about the appropriate tax treatment for this Offer and any tax implications associated with an IRA Account and with the receipt of a Deposit Reward or Referral Reward before enrolling. Neither Webull Financial nor any of its direct or indirect owners, its affiliates, or its subsidiaries, is responsible for any taxes related to this Offer or any Deposit Reward or Referral Reward. This Offer is not sponsored by, endorsed by, or affiliated in any way with any third party. 
 
ACH Transfers: Clients who fund their IRA Account with an ACH transfer are responsible for having enough cash in their initiating bank account to cover the transaction. Neither Webull Financial nor any of its direct or indirect owners, its affiliates, or its subsidiaries, takes any responsibility for any charges that an Eligible Customer may experience in connection with any ACH Transfer, including without limitation for any charges due to insufficient funds or ACH reversals.   
 
Release: BY PARTICIPATING IN THE OFFER, YOU RELEASE, DISCHARGE, AND AGREE TO INDEMNIFY AND HOLD HARMLESS WEBULL FINANCIAL, ITS DIRECT AND INDIRECT OWNER(S), AFFILIATE(S), AND/OR SUBSIDIARIES, AND ALL OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, EMPLOYEES, MEMBERS, MANAGERS, AGENTS, LICENSEES, CONTRACTORS, REPRESENTATIVES, SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM AND AGAINST ANY LIABILITY FOR ANY DAMAGES, INJURY OR LOSSES, TO ANY PERSON OR PROPERTY, OF ANY KIND RESULTING IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, FROM ACCEPTANCE, POSSESSION, MISUSE OR USE OF ANY DEPOSIT REWARD OR REFERRAL REWARD, OR PARTICIPATION IN THE OFFER. You agree that the Released Parties are not responsible for the occurrence of any event or condition which may, directly or indirectly, limit or prevent you from participating in the Offer or from earning or receiving a Deposit Reward or Referral Reward, including without limitation any technological issues; interruptions of service for any reason; technical, mechanical, printing, typographical, or other errors; or any other errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communications line failures, technical errors, theft, cyber-attacks, or unauthorized account access. 

This is an amazing offer. I have a taxable Webull account. In order to triple the reward, I will have to get a referral code from someone else, or have someone use my referral code, then both parties will get the triple reward. Did I read it correctly?

If one aims for the $500k tier, the bonus is $9000. I think that is the best offer I have ever seen.

[BlackcatCA]

Webull data point: transferred from Merrill Edge completed 10/18. Transferred to cash account later moved to margin. Had cost basis re sent from Merrill Edge. Finally today shows correctly in Apex (apparently has to be manually entered if resent, initially entered incorrectly).

Now time to work on DW’s transfer who still has $0 cost basis showing.

WeBull question: I initiated a transfer from Public to Webull on Oct 30 for the bonus. But something happened at Public and transfer didn’t happen. Now the bonus deadline has passed.
If I close out the account now, will I be eligible for another round of bonus?

[nalor511]

Is there a public link to the webull 500k/9k offer someone mentioned? I can't read that code snippet thing upthread.

[hmw]

Is there a public link to the webull 500k/9k offer someone mentioned? I can't read that code snippet thing upthread.

If you pretend to quote the original code snippet like you are replying to it, the whole thing is a lot more readable.

[nalor511]

Webull data point: transferred from Merrill Edge completed 10/18. Transferred to cash account later moved to margin. Had cost basis re sent from Merrill Edge. Finally today shows correctly in Apex (apparently has to be manually entered if resent, initially entered incorrectly).

Now time to work on DW’s transfer who still has $0 cost basis showing.

WeBull question: I initiated a transfer from Public to Webull on Oct 30 for the bonus. But something happened at Public and transfer didn’t happen. Now the bonus deadline has passed.
If I close out the account now, will I be eligible for another round of bonus?

The broker would be the one to ask.

[need403bhelp]

No link yet (shows up in app) but WeBull now has IRA bonus through 12/18 $600 for $100k no referral or $1800 for $100k with referral for each party (so if refer DW and both transfer $100k both get $1800). Hold period through end of August and bonus reward must be kept at WeBull for 90 days. Sounds pretty enticing with referral and no cost basis issues since this is an IRA.

I also see this in the app. Very enticing!

If anyone is interested, here are full terms and conditions:

Code: Select all

Terms & Conditions
Offer Period: November 17, 2023 at 12:00 AM EST – December 18, 2023 at 11:59 PM EST. 
 
Offer Eligibility: This promotional offer (the “Offer”) is open only to individuals who (a) are at least 18 years of age, (b) reside in the United States, (c) have a valid social security number or tax identification number, (d) have a brokerage account (a “Webull Brokerage Account”) with Webull Financial LLC (“Webull Financial”), and (e) opened a Traditional IRA or Roth IRA account (each an “IRA Account”) through the Webull website or mobile application (the “Webull Platform”) during the Offer Period (each, an “Eligible Customer”). 
 
Deposit Reward Offer Requirements: During the Offer Period, Eligible Customers must satisfy the following “Deposit Reward Offer Requirements”: (i) open an IRA Account through the Webull Platform, and (ii) fund it with new money by moving cash, transferring securities, or rolling over existing retirement assets from another institution (“Eligible Assets”). Contributions to the IRA Account of assets from an existing account with Webull Financial or any of its affiliates will not be counted for purposes of determining the amount of Eligible Assets for this Offer.  Any Eligible Customer who satisfies the Deposit Reward Offer Requirements is eligible to receive one “Deposit Reward”. 
 
Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements: 
 
i.	entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account.  Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or 
 
ii.	completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.”  A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States. 
Any Eligible Customer who satisfies the Referral Reward Offer Requirements is eligible to receive one “Referral Reward”.  An Eligible Customer who satisfies the Referral Reward Offer Requirements will be eligible to receive one Referral Reward, but will no longer be eligible to receive a Deposit Reward. 
 
Deposit Reward and Referral Reward Amounts: Eligible Customers will receive either the Deposit Reward or, if the Eligible Customer has satisfied the additional requirements set forth above, the Referral Reward, set forth in the chart below. ELIGIBLE CUSTOMERS WILL NOT BE ENTITLED TO RECEIVE BOTH A DEPOSIT REWARD AND A REFERRAL REWARD. 
 
The Deposit Reward or the Referral Reward to which an Eligible Customer is entitled will not be issued until August 30, 2024 (the “Reward Issuance Date”). 
 

PLEASE NOTE: 
 
1.	Eligible Customers will not be entitled to receive both a Deposit Reward and a Referral Reward. If an Eligible Customer satisfies the requirements hereunder to receive a Referral Reward, that Eligible Customer will not receive any Deposit Reward. 
 
Example: Eligible Customer uses an Active IRA Referral Code to open an IRA Account. Eligible Customer deposits $30,000 of Eligible Assets to their IRA Account during the Offer Period and maintains that Eligible Asset balance until the Reward Issuance Date. Eligible Customer will be entitled to receive only a $450 Referral Reward. Eligible Customer will not be entitled to receive an additional $150 Deposit Reward. 
 
2.	Additional deposits of Eligible Assets by an Eligible Customer to their IRA Account between the end of the Offer Period and the Reward Issuance Date will not be counted toward the Eligible Customer’s total Eligible Assets for purposes of calculating their Deposit Reward and will not increase the Deposit Reward or Referral Reward to which the Eligible Customer is entitled.  
 
Example: Eligible Customer deposits $5,000 of Eligible Assets to their IRA Account during the Offer Period and maintains that Eligible Asset balance until the Reward Issuance Date. Eligible Customer is not entitled to any Referral Reward. Between the end of the Offer Period and the Reward Issuance Date, Eligible Customer transfers additional Eligible Assets to their IRA Account so that their IRA Account contains $7,000 of Eligible Assets as of the Reward Issuance Date. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $5 on the Reward Issuance Date. 
 
3.	Withdrawals or transfers of Eligible Assets from an Eligible Customer’s IRA Account between the end of the Offer Period and the Reward Issuance Date will reduce the Eligible Customer’s total Eligible Assets for purposes of calculating their Deposit Reward and may reduce the Deposit Reward to which the Eligible Customer is entitled. 
 
Example: Eligible Customer deposits $7,000 of Eligible Assets to their IRA Account during the Offer Period. Eligible Customer is not entitled to any Referral Reward. Between the end of the Offer Period and the Reward Issuance Date, Eligible Customer transfers Eligible Assets out of their IRA Account, so that their IRA Account contains $5,000 of Eligible Assets as of the Reward Issuance Date. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $5 on the Reward Issuance Date. 
 
4.	Eligible Customers will not accrue Deposit Rewards or Referral Rewards on a cumulative basis for surpassing any preceding Eligible Asset tiers. 
 
Example: Eligible Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date and that Eligible Customer is not entitled to any Referral Reward. Eligible Customer will be entitled to receive a Deposit Reward only in the amount of $30 on the Reward Issuance Date. Eligible Customer will not be entitled to receive an additional $5 Deposit Reward for surpassing the preceding Eligible Asset amount tier. 
 
5.	Eligible Customers will be entitled to receive only one Referral Reward for either (i) entering an Active IRA Referral Code in connection with the opening of their IRA Account, or (ii) completing a Successful Referral. An Eligible Customer will not be entitled to multiple Referral Rewards for opening their account using an Active IRA Referral Code and subsequently completing a Successful Referral. 
 
Example: Eligible Customer enters an Active IRA Referral Code in connection with the opening of their IRA Account during the Offer Period. Eligible Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Eligible Customer completed a Successful Referral during the Offer Period. Eligible Customer will only be entitled to receive one Referral Reward in the amount of $90. 
 
6.	Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance. 
 
Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90. 
 
7.	Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account. If an Eligible Customer fails to comply with this requirement, Webull Financial may charge the Eligible Customer’s Webull Brokerage Account the cost of the Deposit Reward or Referral Reward. 
 
Limitations: Limit one Deposit Reward or Referral Reward per Eligible Customer.  
 
Webull Financial reserves the right, in its sole discretion, to declare an Eligible Customer ineligible to earn any Deposit Reward or Referral Reward, or to decline to grant an accrued Deposit Reward or Referral Reward to an Eligible Customer for any reason or for no reason, including without limitation (1) for such Eligible Customer’s failure to satisfy any Offer requirements or any violation of the terms and conditions of the Offer, (2) for any actual or suspected fraudulent, deceptive, or abusive activity in connection with any of the platforms or services offered by Webull Financial or any of its direct or indirect owners, its affiliates, and/or its subsidiaries, (3) in connection with any attempt to undermine the legitimate operation of the Offer by cheating, hacking, deception, or other unfair or improper conduct, or (4) for violation by such Eligible Customer of the terms of any agreement to which it is a party with Webull Financial or any direct or indirect owner, any affiliate, or any subsidiary of Webull Financial.  
 
Webull Financial reserves the right to change these Terms and Conditions or terminate the Offer at any time without notice. Without limiting the foregoing, if for any reason the Offer is not capable of running as planned including without limitation by reason of any interruption of service, tampering, unauthorized intervention, labor dispute, fraud, or any other cause beyond the control of Webull Financial, which, in the sole opinion of Webull Financial, corrupts or affects the administration, security, fairness, integrity or proper conduct of the Offer, then Webull Financial may, in its sole discretion, elect to cancel, terminate, modify or suspend the Offer.  
 
Webull Financial may, in its sole discretion, elect to not pay or to rescind payment of all or any portion of a Deposit Reward or Referral Reward if any portion of the applicable Eligible Customer’s Eligible Assets does not settle, is reversed, or is otherwise determined to be improper or invalid. 
  
The Offer is not transferable or saleable and is available only to legal residents of the United States. This Offer is not valid alongside any other promotions offered by Webull Financial or any of its affiliates or subsidiaries. Employees, contractors, or persons similarly associated with Webull Financial or its direct or indirect owners, its affiliates, and/or its subsidiaries; members of their household; referral partners; key opinion leaders and/or influencers; registered representatives of broker-dealers; employees of any securities regulatory organization or exchange; and/or employees of any market maker are not eligible to participate in the Offer or to earn any Deposit Reward or Referral Reward. The Offer is only available for personal use and may not be used for commercial purposes. Other restrictions may apply. Void where prohibited. 
    
No substitution, cash redemption, assignment or transfer of a Deposit Reward or Referral Reward is permitted, except by Webull Financial, which reserves the right in its sole discretion to substitute a Deposit Reward or Referral Reward with another prize of equal or greater value. All federal, state, and local taxes, if any, related to any Deposit Reward or Referral Reward are the responsibility of the recipient. 
  
Receipt of a Deposit Reward or Referral Reward does not constitute a solicitation, a recommendation to buy, sell, or hold any asset, or investment advice. Consult with your tax advisor about the appropriate tax treatment for this Offer and any tax implications associated with an IRA Account and with the receipt of a Deposit Reward or Referral Reward before enrolling. Neither Webull Financial nor any of its direct or indirect owners, its affiliates, or its subsidiaries, is responsible for any taxes related to this Offer or any Deposit Reward or Referral Reward. This Offer is not sponsored by, endorsed by, or affiliated in any way with any third party. 
 
ACH Transfers: Clients who fund their IRA Account with an ACH transfer are responsible for having enough cash in their initiating bank account to cover the transaction. Neither Webull Financial nor any of its direct or indirect owners, its affiliates, or its subsidiaries, takes any responsibility for any charges that an Eligible Customer may experience in connection with any ACH Transfer, including without limitation for any charges due to insufficient funds or ACH reversals.   
 
Release: BY PARTICIPATING IN THE OFFER, YOU RELEASE, DISCHARGE, AND AGREE TO INDEMNIFY AND HOLD HARMLESS WEBULL FINANCIAL, ITS DIRECT AND INDIRECT OWNER(S), AFFILIATE(S), AND/OR SUBSIDIARIES, AND ALL OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, EMPLOYEES, MEMBERS, MANAGERS, AGENTS, LICENSEES, CONTRACTORS, REPRESENTATIVES, SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE “RELEASED PARTIES”) FROM AND AGAINST ANY LIABILITY FOR ANY DAMAGES, INJURY OR LOSSES, TO ANY PERSON OR PROPERTY, OF ANY KIND RESULTING IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, FROM ACCEPTANCE, POSSESSION, MISUSE OR USE OF ANY DEPOSIT REWARD OR REFERRAL REWARD, OR PARTICIPATION IN THE OFFER. You agree that the Released Parties are not responsible for the occurrence of any event or condition which may, directly or indirectly, limit or prevent you from participating in the Offer or from earning or receiving a Deposit Reward or Referral Reward, including without limitation any technological issues; interruptions of service for any reason; technical, mechanical, printing, typographical, or other errors; or any other errors, omissions, interruptions, deletions, defects, delays in operation or transmission, communications line failures, technical errors, theft, cyber-attacks, or unauthorized account access. 

This is an amazing offer. I have a taxable Webull account. In order to triple the reward, I will have to get a referral code from someone else, or have someone use my referral code, then both parties will get the triple reward. Did I read it correctly?

If one aims for the $500k tier, the bonus is $9000. I think that is the best offer I have ever seen.

That is how I read it, yes. Hold through end of August so 9 months or so.

[need403bhelp]

Is there a public link to the webull 500k/9k offer someone mentioned? I can't read that code snippet thing upthread.

I edited text to be more legible.

Short answer to the public link is not really. I hacked it from the app by using Charlie Proxy iOS browser. But the moment you load it outside of the app it says you need to download the app to continue, unless you also change the User agent sent via HTTP to match the app.

[need403bhelp]

Webull data point: transferred from Merrill Edge completed 10/18. Transferred to cash account later moved to margin. Had cost basis re sent from Merrill Edge. Finally today shows correctly in Apex (apparently has to be manually entered if resent, initially entered incorrectly).

Now time to work on DW’s transfer who still has $0 cost basis showing.

WeBull question: I initiated a transfer from Public to Webull on Oct 30 for the bonus. But something happened at Public and transfer didn’t happen. Now the bonus deadline has passed.
If I close out the account now, will I be eligible for another round of bonus?

No idea, sorry.

They do sometimes include existing account holders in some of the bonuses FWIW, but I have no idea if you qualify if you close your account and try to re open later. I am not sure I would trust front line customer service reps to know the answer either unless you escalate.

[need403bhelp]

Is there a public link to the webull 500k/9k offer someone mentioned? I can't read that code snippet thing upthread.

Here are my two hacked links (used Charles Proxy not Charlie Proxy, sorry):

https://act.webull.com/actv2/routine/ira/index.html

https://www.webull.com/ko-yield/1699416114037-5d012f

It definitely seems to be in app only offer as the first link asks you to download the app.

Only thing not clear to me at this point is whether market losses during the hold period affect one’s bonus. I am guessing the answer is no effect but some of the examples are a bit unclear. I would ask customer service but I feel like their front line reps were making things up as they go with regards to unclear terms on their cash promo, as I asked multiple times whether equities count or only cash and got different replies.

With that said, for DW’s cost basis issues, Webull has been quite professional, and they are now almost completely resolved. So I think they are eager to work with you to resolve any issues.

[GeraniumLover]

Only thing not clear to me at this point is whether market losses during the hold period affect one’s bonus. I am guessing the answer is no effect but some of the examples are a bit unclear. I would ask customer service but I feel like their front line reps were making things up as they go with regards to unclear terms on their cash promo, as I asked multiple times whether equities count or only cash and got different replies.

Section 7 of the rules quoted above states that "7. Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account." (emphasis added)

[need403bhelp]

Only thing not clear to me at this point is whether market losses during the hold period affect one’s bonus. I am guessing the answer is no effect but some of the examples are a bit unclear. I would ask customer service but I feel like their front line reps were making things up as they go with regards to unclear terms on their cash promo, as I asked multiple times whether equities count or only cash and got different replies.

Section 7 of the rules quoted above states that "7. Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account." (emphasis added)

Yes, but this is for the reward you get on 8/30, not for the actual amount transferred.

I think the terms in general read that it will be based on amount deposited, but some of the examples are not 100% clear on this and use some confusing language.

With that said, customer service said the bonus will not take into account trading losses, so just the initial deposit is important.

[sc9182]

Is there a public link to the webull 500k/9k offer someone mentioned? I can't read that code snippet thing upthread.

Here are my two hacked links (used Charles Proxy not Charlie Proxy, sorry):

https://act.webull.com/actv2/routine/ira/index.html

https://www.webull.com/ko-yield/1699416114037-5d012f

It definitely seems to be in app only offer as the first link asks you to download the app.

Only thing not clear to me at this point is whether market losses during the hold period affect one’s bonus. I am guessing the answer is no effect but some of the examples are a bit unclear. I would ask customer service but I feel like their front line reps were making things up as they go with regards to unclear terms on their cash promo, as I asked multiple times whether equities count or only cash and got different replies.

With that said, for DW’s cost basis issues, Webull has been quite professional, and they are now almost completely resolved. So I think they are eager to work with you to resolve any issues.

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

[need403bhelp]

Is there a public link to the webull 500k/9k offer someone mentioned? I can't read that code snippet thing upthread.

Here are my two hacked links (used Charles Proxy not Charlie Proxy, sorry):

https://act.webull.com/actv2/routine/ira/index.html

https://www.webull.com/ko-yield/1699416114037-5d012f

It definitely seems to be in app only offer as the first link asks you to download the app.

Only thing not clear to me at this point is whether market losses during the hold period affect one’s bonus. I am guessing the answer is no effect but some of the examples are a bit unclear. I would ask customer service but I feel like their front line reps were making things up as they go with regards to unclear terms on their cash promo, as I asked multiple times whether equities count or only cash and got different replies.

With that said, for DW’s cost basis issues, Webull has been quite professional, and they are now almost completely resolved. So I think they are eager to work with you to resolve any issues.

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

I read it as referring someone gets BOTH people the referral bonus. Do you disagree?

[erp]

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

Seems like if both spouses can open and xfer in 500k into their own IRAs, they'd both get the 9k bonus (and stay around the SIPC limits)

But if only 1 spouse has an IRA, bullet point 6 seems to have a typo which seems to say that you should open yours with 500k, then refer your spouse who doesn't actually need to fund according to point (i) (but they could put in $1 to be safe I guess). Both would get 9k according to the first paragraph (however the example right under it seems to contradict this). Depends on which one is legally enforceable I guess.

[StewedCarrot]

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

Seems like if both spouses can open and xfer in 500k into their own IRAs, they'd both get the 9k bonus (and stay around the SIPC limits)

But if only 1 spouse has an IRA, bullet point 6 seems to have a typo which seems to say that you should open yours with 500k, then refer your spouse who doesn't actually need to fund according to point (i) (but they could put in $1 to be safe I guess). Both would get 9k according to the first paragraph (however the example right under it seems to contradict this). Depends on which one is legally enforceable I guess.

As I read note 6, it looks like each gets the referral according to the balance:

6. Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance.

Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90.

[UncleLeo]

Yes, I've combined the total checking/savings with a CPC upgrade successfully. Did the CPC upgrade a few days after total checking/savings opening. The CPC banker was able to print out promo enrollment confirmations from their system. Consistent with the public facing terms (at the time), there was no language about disallowing combination.

I am planning to open the Chase Private Client Checking (CPC) account and the J.P. Morgan Wealth Management non-retirement account (to transfer ETFs from another brokerage) to get the bonus. I am wondering if anybody has had success combining this offer with the Chase $900 bonus ($300 new checking, $200 new savings and $400 more if combined).

It looks like based on the following fine print for the $900 bonus you can only receive one new checking related bonus every two years. Not sure if they mean only regular checking or if it includes the CPC as well. Any advice would be appreciated!

* Checking offer is not available to existing Chase checking customers. Savings offer is not available to existing Chase savings customers. Both offers are not available to those whose accounts have been closed within 90 days or closed with a negative balance within the last 3 years.
* You can receive only one new checking and one new savings account opening related bonus every two years from the last coupon enrollment date and only one bonus per account. Coupon is good for one-time use.

Does this data point indicate that the reverse should be possible? I just completed the CPC bonus and would be interested in doing the $900 bonus. The plan would be to close CPC accounts and apply for the regular checking+savings. Assuming I haven't gotten any bonus for the regular checking+savings in the last 2 years - should this plan work?

[spammagnet]

...
Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements:

i. entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account. Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or

ii. completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.” A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States.

This is unclear to me. Not being a customer of WeBull, do I need to get a referral code from an existing customer and use it when opening an account, to be eligible for the referral amount? Can that same referral code be used multiple times? I.e., by other new customers? If so, does the referrer get more benefits for each new customer?

[need403bhelp]

...
Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements:

i. entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account. Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or

ii. completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.” A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States.

This is unclear to me. Not being a customer of WeBull, do I need to get a referral code from an existing customer and use it when opening an account, to be eligible for the referral amount? Can that same referral code be used multiple times? I.e., by other new customers? If so, does the referrer get more benefits for each new customer?

You need a brokerage account with webull to receive the bonus. You can use a referral code for that (or not).

The ira referral code is separate. My read of terms is can only be used once and is only pertinent to this specific promotion.

[spammagnet]

... The ira referral code is separate. My read of terms is can only be used once and is only pertinent to this specific promotion.

I have essentially no taxable investment assets but do have IRA assets. How do I get a referral code?

[sc9182]

... The ira referral code is separate. My read of terms is can only be used once and is only pertinent to this specific promotion.

I have essentially no taxable investment assets but do have IRA assets. How do I get a referral code?

Best source is your own sweet-heart/spouse (or a buddy). They don’t need large IRA amounts.

Once they open trad IRA account, they can generate referral code (in the App) - which you could use (and vice versa)

[potatogun]

The total checking/savings account opening bonus restricts who've had a checking/savings closed within 90 days and received new account opening bonuses within 2 years (CPC shouldn't count as it's more for an upgrade).

You basically need to close and wait 91 days, assuming the offer is extended.

Does this data point indicate that the reverse should be possible? I just completed the CPC bonus and would be interested in doing the $900 bonus. The plan would be to close CPC accounts and apply for the regular checking+savings. Assuming I haven't gotten any bonus for the regular checking+savings in the last 2 years - should this plan work?

[itworks]

Does Robinhood hold mutual funds? I have been thinking about transferring a large amount into Robinhood for the 1% bonus. I understand we cannot trade mutual funds with Robinhood, but wondering if holding mutual funds is doable there.

I’m considering the taxable transfer bonus to Robinhood. For those of you who are/have been with Robinhood, what issues should I be in the alert for? Will they receive and post my cost basis from Merrill? Will they transfer the same cost basis when I get parked in two years? I see they don’t do spec ID electronically and you need to email them. Do they respond in a day since it needs to be done by settlement?

Should I just not be so greedy and just transfer some assets there for a lesser bonus and the securities that have a higher cost basis (which I could TLH) I’ll leave with another brokerage?

I’m open to your thoughts on this.

Did a Robinhood transfer earlier this month from SoFi. Transfer took one business day, cost basis transfer was two business days after that. "Residual sweep" of remaining cash from the account (partial shares sold at market price) happened about two weeks after transfer. Got bonus on both the account transfer and the residual. Somewhat annoying, SoFi took their $75 transfer fee cut as part of the original ACATS (sending a debit balance to RH), instead of the residual transfer. Never sold with RH and don't plan to. The 1% bonus is not advertised anymore so it is unclear if it is still active, you could message customer service but they take some time to respond by chat. Because of the odd way how SoFi posted the transfer fee I will wait for the end of month statement to get my $75 reimbursement.

I have a six figure amount I would like to move from Ameritrade and not have transfer over to Schwab, E*TRADE looks intriguing but $600 for $200k+ is kind of low. I may move to RH but don't like the two year lockup.

[tj]

Does Robinhood hold mutual funds? I have been thinking about transferring a large amount into Robinhood for the 1% bonus. I understand we cannot trade mutual funds with Robinhood, but wondering if holding mutual funds is doable there.

I’m considering the taxable transfer bonus to Robinhood. For those of you who are/have been with Robinhood, what issues should I be in the alert for? Will they receive and post my cost basis from Merrill? Will they transfer the same cost basis when I get parked in two years? I see they don’t do spec ID electronically and you need to email them. Do they respond in a day since it needs to be done by settlement?

Should I just not be so greedy and just transfer some assets there for a lesser bonus and the securities that have a higher cost basis (which I could TLH) I’ll leave with another brokerage?

I’m open to your thoughts on this.

Did a Robinhood transfer earlier this month from SoFi. Transfer took one business day, cost basis transfer was two business days after that. "Residual sweep" of remaining cash from the account (partial shares sold at market price) happened about two weeks after transfer. Got bonus on both the account transfer and the residual. Somewhat annoying, SoFi took their $75 transfer fee cut as part of the original ACATS (sending a debit balance to RH), instead of the residual transfer. Never sold with RH and don't plan to. The 1% bonus is not advertised anymore so it is unclear if it is still active, you could message customer service but they take some time to respond by chat. Because of the odd way how SoFi posted the transfer fee I will wait for the end of month statement to get my $75 reimbursement.

I have a six figure amount I would like to move from Ameritrade and not have transfer over to Schwab, E*TRADE looks intriguing but $600 for $200k+ is kind of low. I may move to RH but don't like the two year lockup.

If they don't support trading them, odds are they don't support holding them.

[pre]

Only thing not clear to me at this point is whether market losses during the hold period affect one’s bonus. I am guessing the answer is no effect but some of the examples are a bit unclear. I would ask customer service but I feel like their front line reps were making things up as they go with regards to unclear terms on their cash promo, as I asked multiple times whether equities count or only cash and got different replies.

Section 7 of the rules quoted above states that "7. Eligible Customers must maintain the amount of any Deposit Reward or Referral Reward (minus any trading losses) in their Webull Brokerage Account for at least 90 days from the date on which the Deposit Reward or Referral Reward is credited to their Webull Brokerage Account." (emphasis added)

Hmm, this makes the bonus sound it is deposited into the brokerage account, rather than the IRA, which would diminish things due to taxes -- but definitely still very attractive. Plus the holding period is closer to 12 months with these additional 3 months...

Market fluctuations shouldn't be counted against things. I inquired before submitting my transfer requests for my individual account and they said the incoming value is based on the initial transferred in sum. My ACATS-in was spread out over three batches/dates because of issues with Apex, so I emailed Webull to clarify. I calculated the sum using the closing price on the date the positions entered/settled, and they replied with a figure just a hair more.

Thanks to @need403bhelp for sharing the offer and links. Immensely helpful!

I just sent them an email with several questions, mostly about the logistics of opening accounts with a family member, whether we can just open the IRA directly without individual brokerage. How the referral code works if not saved/coded correctly, i.e. whether it can be added retroactively for the non tech savvy. Also which brokers are supported and which clearing firm they use, since I had one ACATS attempt fail due to Webull Omni not supporting Apex and a few others with their cash/non-margin account.

[itworks]

Does Robinhood hold mutual funds? I have been thinking about transferring a large amount into Robinhood for the 1% bonus. I understand we cannot trade mutual funds with Robinhood, but wondering if holding mutual funds is doable there.

If they don't support trading them, odds are they don't support holding them.

You are right. I found it from their (nicely-written) support documentation that no mutual fund is supported and a transfer with unsupported asset types would be rejected.

[itworks]

Anyone happens to know and can share E*Trade's partial transfer out fee?

Here is the link explaining their fees https://us.etrade.com/what-we-offer/pricing-and-rates

The relevant section says

• Account transfers (outgoing) => $75 for full transfers

I am pretty sure the earlier version of this page has a footnote saying that partial transfer is free if remaining asset is no less than a threshold (like $5K or $15K?). The current version shows no such footnote. Not sure if it is related to the Morgan Stanley acquisition that their fee structure has to be adjusted?

[UncleLeo]

... The ira referral code is separate. My read of terms is can only be used once and is only pertinent to this specific promotion.

I have essentially no taxable investment assets but do have IRA assets. How do I get a referral code?

Best source is your own sweet-heart/spouse (or a buddy). They don’t need large IRA amounts.

Once they open trad IRA account, they can generate referral code (in the App) - which you could use (and vice versa)

I'm a bit confused:
1. Do both the referer and the person getting referred get the referral reward separately (assuming the code wasn't used before this referral)?
2. Does the referer have to have an IRA account with WeBull or would a taxable brokerage account suffice? If they have to have an IRA account, would an account $0 balance suffice?
3. Just to make sure - does this promotion apply to Roth-IRA accounts?

[sc9182]

... The ira referral code is separate. My read of terms is can only be used once and is only pertinent to this specific promotion.

I have essentially no taxable investment assets but do have IRA assets. How do I get a referral code?

Best source is your own sweet-heart/spouse (or a buddy). They don’t need large IRA amounts.

Once they open trad IRA account, they can generate referral code (in the App) - which you could use (and vice versa)

I'm a bit confused:
1. Do both the referer and the person getting referred get the referral reward separately (assuming the code wasn't used before this referral)?
2. Does the referer have to have an IRA account with WeBull or would a taxable brokerage account suffice? If they have to have an IRA account, would an account $0 balance suffice?
3. Just to make sure - does this promotion apply to Roth-IRA accounts?

1) doubt it both gets the bonus - if both gets it - would consider lucky/icing .. but wouldn’t expect it as a guaranteed (based on conversation we saw earlier)
2) would imagine referrer zero balance ok. Just to be safe i do want my spouse to transfer-in some token-amount into IRA .. just to be safe
3) not sure .. we intend to do Rollover tIRA ..

[need403bhelp]

no

... The ira referral code is separate. My read of terms is can only be used once and is only pertinent to this specific promotion.

I have essentially no taxable investment assets but do have IRA assets. How do I get a referral code?

Best source is your own sweet-heart/spouse (or a buddy). They don’t need large IRA amounts.

Once they open trad IRA account, they can generate referral code (in the App) - which you could use (and vice versa)

I'm a bit confused:
1. Do both the referer and the person getting referred get the referral reward separately (assuming the code wasn't used before this referral)?
2. Does the referer have to have an IRA account with WeBull or would a taxable brokerage account suffice? If they have to have an IRA account, would an account $0 balance suffice?
3. Just to make sure - does this promotion apply to Roth-IRA accounts?

1) doubt it both gets the bonus - if both gets it - would consider lucky/icing .. but wouldn’t expect it as a guaranteed (based on conversation we saw earlier)
2) would imagine referrer zero balance ok. Just to be safe i do want my spouse to transfer-in some token-amount into IRA .. just to be safe
3) not sure .. we intend to do Rollover tIRA ..

My understanding of the terms is if you refer someone you and the person you refer BOTH get the referral bonus.

Person referring satisfies item ii below. Person being referred satisfies item i.

Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements:

i. entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account. Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or

ii. completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.” A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States.
Any Eligible Customer who satisfies the Referral Reward Offer Requirements is eligible to receive one “Referral Reward”. An Eligible Customer who satisfies the Referral Reward Offer Requirements will be eligible to receive one Referral Reward, but will no longer be eligible to receive a Deposit Reward.

[sc9182]

no
..
My understanding of the terms is if you refer someone you and the person you refer BOTH get the referral bonus.

Person referring satisfies item ii below. Person being referred satisfies item i.

Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements:

i. entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account. Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or

ii. completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.” A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States.
Any Eligible Customer who satisfies the Referral Reward Offer Requirements is eligible to receive one “Referral Reward”. An Eligible Customer who satisfies the Referral Reward Offer Requirements will be eligible to receive one Referral Reward, but will no longer be eligible to receive a Deposit Reward.

Yes - we love if we both gets 3x bonus ala “icing on the cake”

This may be one of the very new/different bonus terms/terminology I’ve seen in a while with what appears to be simplistic but somewhat vague terms — so, I wouldn’t bet on 3x bonus for both sides — then again, if we see this is how it plays out (3x a + 3x b ) — it’s a song, If we get just 3x of our own net-new IRA monies being transferred-in ., it still is dandy !! Then again - we are only 7-8 years new to this brokerage bonus party — may not fully grasp this simplistic verbiage (but appears 2x overly optimistic) bonus of 3x for both sides. We are way too happy to get 3x for one side

[need403bhelp]

no
..
My understanding of the terms is if you refer someone you and the person you refer BOTH get the referral bonus.

Person referring satisfies item ii below. Person being referred satisfies item i.

Referral Reward Offer Requirements: During the Offer Period, in addition to satisfying the Deposit Reward Offer Requirements set forth above, Eligible Customers must by satisfying one of the following Referral Reward Offer Requirements:

i. entering an Active IRA Referral Code (as defined below) in connection with the opening of their IRA Account. Each Eligible Customer will be provided with a unique IRA Account referral code upon opening an IRA Account. An “Active IRA Referral Code” is an Eligible Customer’s unique IRA Account referral code that has not previously been used by any other Eligible Customer to open an IRA Account; or

ii. completing one Successful Referral (as defined below), which, together with the Deposit Reward Offer Requirements constitute the “Referral Reward Offer Requirements.” A “Successful Referral” is any referral by the Eligible Customer of a new customer who (i) has not previously applied for or opened for an IRA Account; (ii) during the Offer Period, applies to open an IRA Account using the Eligible Customer’s Active IRA Referral Code and is approved; (iii) is at least 18 years of age and resides in the United States.
Any Eligible Customer who satisfies the Referral Reward Offer Requirements is eligible to receive one “Referral Reward”. An Eligible Customer who satisfies the Referral Reward Offer Requirements will be eligible to receive one Referral Reward, but will no longer be eligible to receive a Deposit Reward.

Yes - we love if we both gets 3x bonus ala “icing on the cake”

This may be one of the very new/different bonus terms/terminology I’ve seen in a while with what appears to be simplistic but somewhat vague terms — so, I wouldn’t bet on 3x bonus for both sides — then again, if we see this is how it plays out (3x a + 3x b ) — it’s a song, If we get just 3x of our own net-new IRA monies being transferred-in ., it still is dandy !! Then again - we are only 7-8 years new to this brokerage bonus party — may not fully grasp this simplistic verbiage (but appears 2x overly optimistic) bonus of 3x for both sides. We are way too happy to get 3x for one side

Fair enough. I agree the setup of the bonus is quite odd.

[indexfundfan]

Anyone happens to know and can share E*Trade's partial transfer out fee?

Here is the link explaining their fees https://us.etrade.com/what-we-offer/pricing-and-rates

The relevant section says

• Account transfers (outgoing) => $75 for full transfers

I am pretty sure the earlier version of this page has a footnote saying that partial transfer is free if remaining asset is no less than a threshold (like $5K or $15K?). The current version shows no such footnote. Not sure if it is related to the Morgan Stanley acquisition that their fee structure has to be adjusted?

I recently asked my rep this question and he said the remaining assets has to be at least $5k to have the $25 fee waived. But since this is not publicly published anymore, it might not apply to everyone. For me, I have the reply in black and white which I can rely upon in case of disputes.

[erp]

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

Seems like if both spouses can open and xfer in 500k into their own IRAs, they'd both get the 9k bonus (and stay around the SIPC limits)

But if only 1 spouse has an IRA, bullet point 6 seems to have a typo which seems to say that you should open yours with 500k, then refer your spouse who doesn't actually need to fund according to point (i) (but they could put in $1 to be safe I guess). Both would get 9k according to the first paragraph (however the example right under it seems to contradict this). Depends on which one is legally enforceable I guess.

As I read note 6, it looks like each gets the referral according to the balance:

6. Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance.

Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90.

yeah, both bonuses seem to be based on the "Referring Customer’s Eligible Asset balance" according to that quote. That's why I reversed the steps for that poster. If Webull follows their terms word-for-word, the poster would get $0 bonus in both accounts. My way they would get 9k each.

btw both Webull and Moomoo are owned by Chinese parent companies. Looks like a couple of Senators are already pushing for an investigation to see if the Chinese govt can get their hands on user data in any way. https://www.google.com/search?q=webull+ ... oo+senator

[sc9182]

From WeBull Customer Service:

This promotion is for those who open Webull IRA accounts and deposit or transfer. The code is only available to triple the rewards when you are qualified for the basic one.
The rewards you receive are based on the net amount you transfer, please see the attached. I checked that you have already entered the code and you are eligible to receive the triple rewards. Thank you.

If there is anything else you need, please let us know.

Sincerely,
XXX
Webull eService Representative

-----

I would "guess" to say with one additional bit of knowledge, now: the 3x bonus reward is only applicable for the account-holder who puts-in the referral-code and transferred-in required IRA $assets.

PS: I did ask: if the referrer who gave me the referral code - also gets the same reward $amount (due to my transfer-in)., but the rep did NOT answer to that portion of our question. Would have to guess: only the owner of the account who transferred-in assets eligible to get the reward either 1x or 3x (if referral-code put-in)

[UncleLeo]

I have a question regarding the current Etrade offer (https://us.etrade.com/what-we-offer/how-it-works/promo):
It reads as if there are different rules for new and existing customers. Specifically for the 500k-1mm tier:
- A new customer opening a new account and depositing $500k+ would get $1,200.
- An existing customer opening a new account and depositing $500k+ would only get $600 (and another $600 if they deposit another $500k into their existing account).

Did I understand it correctly?
If so, it seems like they define "new customer" as "do not have an existing Etrade account" (rather than "...and didn't have an Etrade account in the last X days". So, if I close my existing Etrade brokerage account (which should be easy as there's only a little cash in there without actual investments) would I be considered as "new customer" and be eligible for the $1,200 bonus for depositing $500k into a new account?

[nalor511]

I have a question regarding the current Etrade offer (https://us.etrade.com/what-we-offer/how-it-works/promo):
It reads as if there are different rules for new and existing customers. Specifically for the 500k-1mm tier:
- A new customer opening a new account and depositing $500k+ would get $1,200.
- An existing customer opening a new account and depositing $500k+ would only get $600 (and another $600 if they deposit another $500k into their existing account).

Did I understand it correctly?
If so, it seems like they define "new customer" as "do not have an existing Etrade account" (rather than "...and didn't have an Etrade account in the last X days". So, if I close my existing Etrade brokerage account (which should be easy as there's only a little cash in there without actual investments) would I be considered as "new customer" and be eligible for the $1,200 bonus for depositing $500k into a new account?

They have live chat, if you want to confirm those specific points (such as the definition of new customer) it seems like contacting them in writing would be the best way. I always get confirmation in writing if there is any confusion, and so far no bonus denials.

[StewedCarrot]

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

Seems like if both spouses can open and xfer in 500k into their own IRAs, they'd both get the 9k bonus (and stay around the SIPC limits)

But if only 1 spouse has an IRA, bullet point 6 seems to have a typo which seems to say that you should open yours with 500k, then refer your spouse who doesn't actually need to fund according to point (i) (but they could put in $1 to be safe I guess). Both would get 9k according to the first paragraph (however the example right under it seems to contradict this). Depends on which one is legally enforceable I guess.

As I read note 6, it looks like each gets the referral according to the balance:

6. Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance.

Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90.

yeah, both bonuses seem to be based on the "Referring Customer’s Eligible Asset balance" according to that quote. That's why I reversed the steps for that poster. If Webull follows their terms word-for-word, the poster would get $0 bonus in both accounts. My way they would get 9k each.

btw both Webull and Moomoo are owned by Chinese parent companies. Looks like a couple of Senators are already pushing for an investigation to see if the Chinese govt can get their hands on user data in any way. https://www.google.com/search?q=webull+ ... oo+senator

I still hang up on this text. The first paragraph indicates both customers receive bonus according to the Referring Customer's balance. The example in the second paragraph uses two different values one for the Referred Customer, one for the Referring Customer. I'll have to reread again later...

Interesting that Chinese companies are getting into financial services. It does make me a little queasy to contemplate all of the ways this information and access could be used.

[sc9182]

Thanks
Can other spouse open an IRA account with something/nothing —
then turn-around and refer you for Triple bonus !?

Also, is it only one referral code allowed per WeBull account-holder !?

Seems like if both spouses can open and xfer in 500k into their own IRAs, they'd both get the 9k bonus (and stay around the SIPC limits)

But if only 1 spouse has an IRA, bullet point 6 seems to have a typo which seems to say that you should open yours with 500k, then refer your spouse who doesn't actually need to fund according to point (i) (but they could put in $1 to be safe I guess). Both would get 9k according to the first paragraph (however the example right under it seems to contradict this). Depends on which one is legally enforceable I guess.

As I read note 6, it looks like each gets the referral according to the balance:

6. Completion of a Successful Referral will (i) entitle the Eligible Customer supplying the Active IRA Referral Code (the “Referring Customer”) to the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance, and (ii) entitle the Referred Customer to receive a Referral Reward corresponding to the Referring Customer’s Eligible Asset balance.

Example: Referred Customer enters Referring Customer’s Active IRA Referral Code in connection with the opening of Referred Customer’s IRA Account. Referring Customer’s IRA Account contains $5,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referred Customer’s IRA Account contains $7,000 of Eligible Assets as of the end of the Offer Period and as of the Reward Issuance Date. Referring Customer will be entitled to receive a Referral Reward in the amount of $15. Referred Customer will be entitled to receive a Referral Reward in the amount of $90.

yeah, both bonuses seem to be based on the "Referring Customer’s Eligible Asset balance" according to that quote. That's why I reversed the steps for that poster. If Webull follows their terms word-for-word, the poster would get $0 bonus in both accounts. My way they would get 9k each.

btw both Webull and Moomoo are owned by Chinese parent companies. Looks like a couple of Senators are already pushing for an investigation to see if the Chinese govt can get their hands on user data in any way. https://www.google.com/search?q=webull+ ... oo+senator

I still hang up on this text. The first paragraph indicates both customers receive bonus according to the Referring Customer's balance. The example in the second paragraph uses two different values one for the Referred Customer, one for the Referring Customer. I'll have to reread again later...

Interesting that Chinese companies are getting into financial services. It does make me a little queasy to contemplate all of the ways this information and access could be used.

Yeah - I think WeBull has some parts working in Caymen Islands, and HQ'ed in NY (last time I checked). Has about $30 Billion+ in asset being managed/held. It uses Apex-clearing for the folks who know what this is (Public, M1 until recently, and TastyTrade iirc -- among other things) uses ApexClearing for their custody - a bit more comfort - if it helps.

If "Chinese companies are getting into financial services" is a concern - you better be cautious with who you do your bidness with. If they want to catch our trading-pattern (ZERO trading or no fancy holdings) - they should pay 3x pretty penny to learn that fact