The Final, Definitive Thread on Brokerage Transfer Bonuses

[Leesbro63]

Does anyone know why assets would reappear in my brokerage account that is being partially ACATed out? I initiated an ACAT on WeBull's side from Merrill Edge for a bonus promotion and the assets were removed from Merrill after 1 day, but this morning they're there again. WeBull's side says the transfer is in transit and at the final stage of clearing so not sure what's going on?

Believe it or not, this is common. I do a lot of brokerage bonuses and move stuff. Stuff will disappear, reappear, appear in the "receiver" account before disappearing in the "sender" account, sometimes totally disappear altogether. It's normal. My experience has been that as long as SOMETHING happens, it means your transfer is in process and will settle soon.

[hmw]

Same here

Same here.

I received the corrected 1099 from Webull yesterday.

[m2go]

I don't think it's even targeted, I found the link either here or DoC and after I was logged in there was an "enroll" button which worked,6mo hold

Interestingly, the agent offered and enrolled offers have nearly a 14-month hold (12 months after the 60-day funding period), while targeted offers have a 6-month hold from the funding date.

I was looking for the hold time, but could not find it in the offer page. Did it show when you signed up?

[nalor511]

I don't think it's even targeted, I found the link either here or DoC and after I was logged in there was an "enroll" button which worked,6mo hold

I was looking for the hold time, but could not find it in the offer page. Did it show when you signed up?

6mo hold

But that offer expired 2/7/2025. The new one expires 7/31/2025 and hold is 12mo, and it's right in the terms at the bottom, you must click to expand https://us.etrade.com/promo/brokerage

[potatogun]

I didn't see it mentioned yet. The $3,500 for $500k Wells Fargo Premier option is available again until 4/8/25.

https://accountoffers.wellsfargo.com/premierupgrade2/

[CuriousTacos]

I was looking for the hold time, but could not find it in the offer page. Did it show when you signed up?

6mo hold

But that offer expired 2/7/2025. The new one expires 7/31/2025 and hold is 12mo, and it's right in the terms at the bottom, you must click to expand https://us.etrade.com/promo/brokerage

https://us.etrade.com/promo/brokerage is for non-retirement accounts only, for new customers only (but perhaps not actually the case), and you can enroll from the link and/or using the code "OFFER25".

https://us.etrade.com/promo/40000cfc-ira-012025 is for retirement accounts only, for existing customers only, and in my experience requires an ETrade rep to apply it to your account(s) since there isn't any link or code to enroll yourself.

Both require holding for 12 months after the initial 60-day funding period.

[papoono]

I have a question about the Merrill Edge offer.

https://www.merrilledge.com/offers/pr1000

"1 Offer valid for new and existing individual Merrill IRAs or Cash Management Accounts (CMA). Cash bonus offers, in the aggregate, are limited to one CMA and one IRA per accountholder. Eligible Merrill IRAs are limited to Traditional, Roth, and owner-only SEP IRA. The Merrill IRA or CMA may be a Merrill Edge Self-Directed account, Merrill Edge Advisory Account, Merrill Guided Investing account or Merrill Guided Investing with Advisor account. You may be eligible for a different or better offer. Please contact us for more information."

I have already received a $1000 bonus in my taxable account for transferring $250k.

Can I do this bonus again with my Roth IRA account? ie receive 1k bonus for transferring $250k? Is the $1000 bonus the limit for both CMA and IRA accounts?

Thanks

I believe this reward can only be repeated/churned once every so many months for an individual ? (is it once every 12-months ? someone please clear it up)

I got denied the bonus from Merrill because I had received the bonus less than 12 months ago (May 2024). I called in to get the offer, went through the motions of transferring assets in, only to get a phone call that the bonus had been rescinded. So it seems it might be 12 months since the bonus was received, rather than 12 months since the last asset transfer.
For the record, it was 250k transfer for $1000 bonus.

[Leesbro63]

I believe this reward can only be repeated/churned once every so many months for an individual ? (is it once every 12-months ? someone please clear it up)

I got denied the bonus from Merrill because I had received the bonus less than 12 months ago (May 2024). I called in to get the offer, went through the motions of transferring assets in, only to get a phone call that the bonus had been rescinded. So it seems it might be 12 months since the bonus was received, rather than 12 months since the last asset transfer.
For the record, it was 250k transfer for $1000 bonus.

Yes, Merrill plays a game where they make it seem like you can get a new bonus each year, but in reality it takes two years.

[bbrock]

I got denied the bonus from Merrill because I had received the bonus less than 12 months ago (May 2024). I called in to get the offer, went through the motions of transferring assets in, only to get a phone call that the bonus had been rescinded. So it seems it might be 12 months since the bonus was received, rather than 12 months since the last asset transfer.
For the record, it was 250k transfer for $1000 bonus.

Yes, Merrill plays a game where they make it seem like you can get a new bonus each year, but in reality it takes two years.

I had gone through this recently. Yes ME rep said was 12 months from payout

[Hot Sauce]

For those with experience with Schwab asset transfer bonuses…

Does Schwab provide (via matching other offers) multiple bonuses if multiple asset transfers occur and are spaced out 12 months apart? Specifically, if I bring in some assets today and then more assets in a year, can I likely get bonuses (that match competitor offers) for both?

[BuddyJet]

For those with experience with Schwab asset transfer bonuses…

Does Schwab provide (via matching other offers) multiple bonuses if multiple asset transfers occur and are spaced out 12 months apart? Specifically, if I bring in some assets today and then more assets in a year, can I likely get bonuses (that match competitor offers) for both?

I can’t speak to matching offers but my Schwab rep told me that I’m eligible for another regular Schwab bonus after the initial bonus’s 60 day transfer period has passed, even if one is for individual accounts and the other is Ira.

[1010]

Hi waht's the best offer now for assets of 200K

[bbrock]

Hi waht's the best offer now for assets of 200K

You got 50k more? Do the Wells Fargo $2500 offer.

[nalor511]

For those with experience with Schwab asset transfer bonuses…

Does Schwab provide (via matching other offers) multiple bonuses if multiple asset transfers occur and are spaced out 12 months apart? Specifically, if I bring in some assets today and then more assets in a year, can I likely get bonuses (that match competitor offers) for both?

I can’t speak to matching offers but my Schwab rep told me that I’m eligible for another regular Schwab bonus after the initial bonus’s 60 day transfer period has passed, even if one is for individual accounts and the other is Ira.

Schwab will not match more than once per rolling 12mo, unless you get a rep that breaks their policy

[1010]

Hi waht's the best offer now for assets of 200K

You got 50k more? Do the Wells Fargo $2500 offer.

no, I have 175K in taxable accounts and 40K roth IRA

[sharukh]

Hi waht's the best offer now for assets of 200K

You got 50k more? Do the Wells Fargo $2500 offer.

The Wells Fargo website says only : FDIC-insured IRAs
Does a Roth IRA with VTI ETF in it counts ?

Thank you.

[bbrock]

You got 50k more? Do the Wells Fargo $2500 offer.

The Wells Fargo website says only : FDIC-insured IRAs
Does a Roth IRA with VTI ETF in it counts ?

Thank you.

Good morning. Unfortunately, I can’t answer. We’ve just been doing the Wells offer with taxable assets ACAT into a linked WellsTrade acct.

There should be others on here that can answer. You could also review the thread at DOC and see if there’s discussions of IRA assets https://www.doctorofcredit.com/wells-fa ... sh-assets/

[sycamore]

You got 50k more? Do the Wells Fargo $2500 offer.

The Wells Fargo website says only : FDIC-insured IRAs
Does a Roth IRA with VTI ETF in it counts ?

Thank you.

sharukh, I think you are misreading the terms & conditions. I read the bonus offer and didn't find anything that indicates "only" FDIC-insured IRAs. Could you share the webpage URL and the specific wording? Then we can clear up any confusion.

[sharukh]

The Wells Fargo website says only : FDIC-insured IRAs
Does a Roth IRA with VTI ETF in it counts ?

Thank you.

sharukh, I think you are misreading the terms & conditions. I read the bonus offer and didn't find anything that indicates "only" FDIC-insured IRAs. Could you share the webpage URL and the specific wording? Then we can clear up any confusion.

It says so in both the links

https://accountoffers.wellsfargo.com/premierbonus/
https://accountoffers.wellsfargo.com/premierupgrade2/

[sycamore]

sharukh, I think you are misreading the terms & conditions. I read the bonus offer and didn't find anything that indicates "only" FDIC-insured IRAs. Could you share the webpage URL and the specific wording? Then we can clear up any confusion.

It says so in both the links

https://accountoffers.wellsfargo.com/premierbonus/
https://accountoffers.wellsfargo.com/premierupgrade2/

The reference to "FDIC-insured IRAs" does not mean that's the only IRA allowed, it's just saying that's one option. An FDIC-insured IRA would be opened with Wells Fargo bank, as opposed to a regular IRA which would be opened with their brokerage arm. Indeed, right below "FDIC-insured IRAs" it says "Investment account available through our affiliate Wells Fargo Advisors".

Likewise, the terms & conditions say:

Bring $250,000 or more in new deposits to qualifying linked accounts by Day 45 and maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
Qualifying linked accounts include (a) consumer bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (investments available through our affiliate Wells Fargo Advisors). Excludes applicable bank fiduciary and custody accounts.

FDIC-insured IRAs is but one of the allowed options listed under (a), whereas (b) mentions investment accounts which could be an IRA or non-retirement account.

[sharukh]

It says so in both the links

https://accountoffers.wellsfargo.com/premierbonus/
https://accountoffers.wellsfargo.com/premierupgrade2/

The reference to "FDIC-insured IRAs" does not mean that's the only IRA allowed, it's just saying that's one option. An FDIC-insured IRA would be opened with Wells Fargo bank, as opposed to a regular IRA which would be opened with their brokerage arm. Indeed, right below "FDIC-insured IRAs" it says "Investment account available through our affiliate Wells Fargo Advisors".

Likewise, the terms & conditions say:

Bring $250,000 or more in new deposits to qualifying linked accounts by Day 45 and maintain at least a $250,000 balance through Day 90 after account upgrade or opening.
Qualifying linked accounts include (a) consumer bank deposit account balances (checking, savings, time accounts (CDs), FDIC-insured IRAs) and (b) investment account balances (investments available through our affiliate Wells Fargo Advisors). Excludes applicable bank fiduciary and custody accounts.

FDIC-insured IRAs is but one of the allowed options listed under (a), whereas (b) mentions investment accounts which could be an IRA or non-retirement account.

Wonderful.
Thank you sycamore.

[spammagnet]

The reference to "FDIC-insured IRAs" does not mean that's the only IRA allowed, it's just saying that's one option. An FDIC-insured IRA would be opened with Wells Fargo bank, as opposed to a regular IRA which would be opened with their brokerage arm. Indeed, right below "FDIC-insured IRAs" it says "Investment account available through our affiliate Wells Fargo Advisors".

Likewise, the terms & conditions say:

FDIC-insured IRAs is but one of the allowed options listed under (a), whereas (b) mentions investment accounts which could be an IRA or non-retirement account.

Wonderful.
Thank you sycamore.

I can confirm that IRAs are eligible. I got that $2,500 award a second time this year, transferring ETFs to a new IRA at WF to reach the required level of new money. Note that, while my IRA was new, the account itself needn't be new; only the assets have to be "new to WF", i.e., transferred in from elsewhere.

Make sure the investment account is linked to the Premier checking account before you transfer the assets to WF. Then, after the transfer settles, confirm with WF that the transaction met the balance requirement. I did an in-kind transfer which was shown as a $0 transaction. The folks at WF told me 3 months later that it didn't qualify. I asked the local banker to intervene because I was certain it met the requirements. The bonus posted a few days later.

Also, if using non-cash assets as the source of the $250K MDB, make sure you have well more than $250K. Unlike brokerage transfer bonuses, WF does not allow for market fluctuations in the balance linked to the Premier checking account. If it's <= $249,999.99 at COB on any one day, you no longer qualify for the bonus.

[sharukh]

Wonderful.
Thank you sycamore.

I can confirm that IRAs are eligible. I got that $2,500 award a second time this year, transferring ETFs to a new IRA at WF to reach the required level of new money. Note that, while my IRA was new, the account itself needn't be new; only the assets have to be "new to WF", i.e., transferred in from elsewhere.

Make sure the investment account is linked to the Premier checking account before you transfer the assets to WF. Then, after the transfer settles, confirm with WF that the transaction met the balance requirement. I did an in-kind transfer which was shown as a $0 transaction. The folks at WF told me 3 months later that it didn't qualify. I asked the local banker to intervene because I was certain it met the requirements. The bonus posted a few days later.

Also, if using non-cash assets as the source of the $250K MDB, make sure you have well more than $250K. Unlike brokerage transfer bonuses, WF does not allow for market fluctuations in the balance linked to the Premier checking account. If it's <= $249,999.99 at COB on any one day, you no longer qualify for the bonus.

Very nice. Thank you for sharing personal experience

[bbrock]

I can confirm that IRAs are eligible. I got that $2,500 award a second time this year, transferring ETFs to a new IRA at WF to reach the required level of new money. Note that, while my IRA was new, the account itself needn't be new; only the assets have to be "new to WF", i.e., transferred in from elsewhere.

Make sure the investment account is linked to the Premier checking account before you transfer the assets to WF. Then, after the transfer settles, confirm with WF that the transaction met the balance requirement. I did an in-kind transfer which was shown as a $0 transaction. The folks at WF told me 3 months later that it didn't qualify. I asked the local banker to intervene because I was certain it met the requirements. The bonus posted a few days later.

Also, if using non-cash assets as the source of the $250K MDB, make sure you have well more than $250K. Unlike brokerage transfer bonuses, WF does not allow for market fluctuations in the balance linked to the Premier checking account. If it's <= $249,999.99 at COB on any one day, you no longer qualify for the bonus.

Very nice. Thank you for sharing personal experience

Previously, my wife and I have used our VXUS position which was approximately $250k. Then we’d transfer in about $25k of SGOV. This time around I’m gonna do it with $259k of SGOV. Not expecting major market fluctuations with SGOV.

[spammagnet]

Previously, my wife and I have used our VXUS position which was approximately $250k. Then we’d transfer in about $25k of SGOV. This time around I’m gonna do it with $259k of SGOV. Not expecting major market fluctuations with SGOV.

I hope you're doing that separately, once for yourself as individual and once for your wife as individual, 3-4 months later. If you open the account as joint, the second party can't get the bonus later.

[bbrock]

Previously, my wife and I have used our VXUS position which was approximately $250k. Then we’d transfer in about $25k of SGOV. This time around I’m gonna do it with $259k of SGOV. Not expecting major market fluctuations with SGOV.

I hope you're doing that separately, once for yourself as individual and once for your wife as individual, 3-4 months later. If you open the account as joint, the second party can't get the bonus later.

You bet. It's my turn to rotate through. In teller appt. took 1 hr. I tried not to be impatient, but at the hour, and when everything was finally done and she wanted to discuss the Wells Fargo credit card offerings, I said I had another time commitment.

I think this was shorter though than the last time I opened my acct.

How do you others ensure a quick (or quicker) visit at the branch? I already had the Wells Trade opened, so she just had to link it, but even still that did not seem to trim off any time.

[spammagnet]

... How do you others ensure a quick (or quicker) visit at the branch? I already had the Wells Trade opened, so she just had to link it, but even still that did not seem to trim off any time.

Other than having the investment account set up in advance and $25 in my pocket, I don't bother. They're paying me $2,500 for the opportunity to sell me banking services. I'm not impatient or brusque but I don't prolong the conversations, either. That includes listening to the WellsTrade rep if he or she is invited in. I politely inform them that I manage my own investments.

I know of people who are willing to listen to time-share sales spiels to get a free dinner. I'm not that masochistic.

[bogling]

I can confirm that IRAs are eligible. I got that $2,500 award a second time this year, transferring ETFs to a new IRA at WF to reach the required level of new money. Note that, while my IRA was new, the account itself needn't be new; only the assets have to be "new to WF", i.e., transferred in from elsewhere.

How did you do this twice in one year?

[spammagnet]

I can confirm that IRAs are eligible. I got that $2,500 award a second time this year, transferring ETFs to a new IRA at WF to reach the required level of new money. Note that, while my IRA was new, the account itself needn't be new; only the assets have to be "new to WF", i.e., transferred in from elsewhere.

How did you do this twice in one year?

Not twice in 1 year. This year's bonus was my second. The previous was a little over a year ago.

[jocdoc]

For those who obtained WF bonus two years (12 months apart) in a row.
1 Does the new eligibility for the bonus begin one year after you opened the WF premiere checking or 12 months after you closed it?

2.Did you use the same branch/banker for this?
I closed my premier checking after getting the bonus last year but will be eligible for a new one this year.

[BuddyJet]

For those who obtained WF bonus two years (12 months apart) in a row.
1 Does the new eligibility for the bonus begin one year after you opened the WF premiere checking or 12 months after you closed it?

2.Did you use the same branch/banker for this?
I closed my premier checking after getting the bonus last year but will be eligible for a new one this year.

My Wells banker and I took this to mean a year after the bonus was paid but can’t say for sure until it gets paid. I used the same branch as before but the banker was different.

You are not eligible for this offer if:
You have received a Wells Fargo Premier Checking bonus within the past 12 months.

[bbrock]

For those who obtained WF bonus two years (12 months apart) in a row.
1 Does the new eligibility for the bonus begin one year after you opened the WF premiere checking or 12 months after you closed it?

2.Did you use the same branch/banker for this?
I closed my premier checking after getting the bonus last year but will be eligible for a new one this year.

For the current round I am completing, the banker stated it is 12 months from the payout.

I’m using a different branch in part because during my first round that branch took about two hours to open it

[UncleLeo]

Does anyone know if there's any way to verify cost basis was correctly transferred to Webull via their desktop/mobile app?

[rnk]

Apologies if this is a duplicate, but I've missed if if anyone has said... Webull promo is back on with for example $3750 for $250,000. Paid out in monthly installments over a year. Ends April 6. Find it in promotion tab of Webull website. Never used them before but planning to do this one. Open to any advice with tricky bits or concerns.

[theRoCK]

I got an email from Webull about a new Webull Premium tier they are introducing at $40/yr and to join the waitlist, with a 3% match on IRA transfers. Looks like it might be similar to Robinhood Gold.

I am contemplating using it whenever it opens up, but am also a bit wary. I had opened this account when Webull first started with a small deposit but never ended up using it, since I read some concerns about where its located. What are your experiences? Are ppl comfortable with having their major assets being located there?

[RookieElmo]

PSA:

Just went to webull.com and clicked on ‘more details’ button and it hijacked my chrome iOS browser. Opened 76 tabs and was trying to open settings screen. I screen recorded it. Never seen anything like it. This forum will not allow video appload, so can’t share the video.

[nalor511]

PSA:

Just went to webull.com and clicked on ‘more details’ button and it hijacked my chrome iOS browser. Opened 76 tabs and was trying to open settings screen. I screen recorded it. Never seen anything like it. This forum will not allow video appload, so can’t share the video.

Sounds like malware, malvertising, or dns hijacked

[UncleLeo]

Apologies if this is a duplicate, but I've missed if if anyone has said... Webull promo is back on with for example $3750 for $250,000. Paid out in monthly installments over a year. Ends April 6. Find it in promotion tab of Webull website. Never used them before but planning to do this one. Open to any advice with tricky bits or concerns.

Do you have a link to the promo page? It's $600 more for the $250k tier compared to their promo from just a few weeks ago. I wonder if they'd agree to match...

[jonas]

Do you have a link to the promo page? It's $600 more for the $250k tier compared to their promo from just a few weeks ago. I wonder if they'd agree to match...

https://www.webull.com/offers-promotions/transfer-promo

[calwatch]

Robinhood is doing another bonus for Gold members on taxable accounts until the end of the month. 2% bonus with a five year hold/clawback. No limit. Good for people who want a place to buy and hold.
https://robinhood.com/us/en/support/art ... -faq-gold/

[tj]

Robinhood is doing another bonus for Gold members on taxable accounts until the end of the month. 2% bonus with a five year hold/clawback. No limit. Good for people who want a place to buy and hold.
https://robinhood.com/us/en/support/art ... -faq-gold/

5 year hold is a non-starter for me on a taxable account. I wouldn't even do it if it was 3% like the IRA one was.

[Chocolatebar]

Robinhood is doing another bonus for Gold members on taxable accounts until the end of the month. 2% bonus with a five year hold/clawback. No limit. Good for people who want a place to buy and hold.
https://robinhood.com/us/en/support/art ... -faq-gold/

5 year hold is a non-starter for me on a taxable account. I wouldn't even do it if it was 3% like the IRA one was.

Why? What’s the issue with holding a taxable at RH for five years? I plan on transferring my taxable from M1 to take advantage of this bonus.

[felizcortez]

On the Webull promotion, I have assets I'd like to transfer that are available 2 weeks after the offer expires. I was considering taking a box spread loan for a month and transferring that cash into Webull, then after those assets become available transfer those into Webull and pull the cash out from the box spread and pay that back. I can't figure out whether that would cause the bonus to not payout since the original cash put into the account would have been removed, but the total balance would be above the target amount.

[felizcortez]

5 year hold is a non-starter for me on a taxable account. I wouldn't even do it if it was 3% like the IRA one was.

Why? What’s the issue with holding a taxable at RH for five years? I plan on transferring my taxable from M1 to take advantage of this bonus.

5 years for that payout isn't that great since you are locked up for that period of time. Lots of offers are only 1 or 2 year lockup periods with similar returns.

[Chocolatebar]

5 years for that payout isn't that great since you are locked up for that period of time. Lots of offers are only 1 or 2 year lockup periods with similar returns.

Are any other brokerages currently offering 2% on a taxable account? A 2% return for 5 years is better than nothing, and you could always switch to another brokerage within that time if they offer the same or better terms for a shorter duration.

[Chocolatebar]

5 years for that payout isn't that great since you are locked up for that period of time. Lots of offers are only 1 or 2 year lockup periods with similar returns.

Are any other brokerages currently offering 2% on a taxable account? A 2% return for 5 years is better than nothing, and you could always switch to another brokerage within that time if they offer the same or better terms for a shorter duration.

I'm not sure if they updated the terms today but I'm seeing 2 years as the holding requirement now. I'll probably confirm with a support rep.

[nalor511]

5 years for that payout isn't that great since you are locked up for that period of time. Lots of offers are only 1 or 2 year lockup periods with similar returns.

Are any other brokerages currently offering 2% on a taxable account? A 2% return for 5 years is better than nothing, and you could always switch to another brokerage within that time if they offer the same or better terms for a shorter duration.

Are any other brokerages currently offering 2% on a taxable account? A 2% return for 5 years is better than nothing, and you could always switch to another brokerage within that time if they offer the same or better terms for a shorter duration.

I'm not sure if they updated the terms today but I'm seeing 2 years as the holding requirement now. I'll probably confirm with a support rep.

1%/yr is my threshold for the best I've gotten, sometimes about half that. So 2% for 2yrs, I'll bite. This one is 5yrs. If you dig all the way into the linked terms PDF, it's 5yrs. It's not 2yrs.

The terms for the RH 2% bonus in taxable are *5 years*, which I will not do https://cdn.robinhood.com/assets/robinh ... _Offer.pdf

Limitations. If a customer either: (1) during the one-year period after receiving a Robinhood
ACATS Bonus, cancels or does not maintain an active Robinhood Gold subscription for at least
one continuous year; or (2) during the five-year period after receiving a Robinhood ACATS
Bonus, initiates a withdrawal(s) from their Brokerage Account and, after which, the Brokerage
Account value is less than the net transferred asset value (excluding the bonus amount
received), Robinhood will chargeback a proportional amount of the Bonus amount, separate
from and in addition to any ACATS out fee.

BUT, there's this super odd little nibblet that I have not seen before. Maybe the hold period is only 90 days if the market doesn't drop?

After maintaining the net transferred asset value plus the bonus amount received for at least 90
consecutive days, customers will be eligible to take advantage of a one-time, optional 60-day
grace period (“Grace Period”) during which withdrawals will be permitted without the
consequence of a chargeback. During the Grace Period, a customer may withdraw up to the
principal net transferred asset value (but not including the received bonus amount). The Grace
Period is not available for ACATS transfers out, or cancellation of the customer’s Robinhood
Gold subscription.

I admit to not really understanding that part. The fact that they're not letting you withdraw the bonus makes me wonder if you get to keep the bonus if you do a "grace period" withdrawal, or if they are just using sneaky wording. Regardless you only have 2 weeks to decide, offers end 3/31.

The terms for the RH 2% bonus in IRA is also *5 years* https://robinhood.com/us/en/support/art ... atch-2025/

In addition, you must keep your assets in your Robinhood IRA for at least 5 years, otherwise you may be subject to an early match removal fee. Review IRA match FAQ for more details.

All the people who did the 3% IRA transfer bonus in Q1 2024 are coming up on their 1yr anniversary when they can cancel Gold. Perhaps RH is trying to avoid losing this $5/user/mo income stream

[tj]

All the people who did the 3% IRA transfer bonus in Q1 2024 are coming up on their 1yr anniversary when they can cancel Gold. Perhaps RH is trying to avoid losing this $5/user/mo income stream

If they want me to start paying $5/mo for Gold again, a 5 year hold on a taxable account isn't the way to do it.

[Chocolatebar]

1%/yr is my threshold for the best I've gotten, sometimes about half that. So 2% for 2yrs, I'll bite. This one is 5yrs. If you dig all the way into the linked terms PDF, it's 5yrs. It's not 2yrs.

Yeah, it's strange. In the email I received about this, after clicking "Get Started" and reviewing the terms, it says 2 years. I’m guessing it’s meant to say 5 years, like it does elsewhere.

But my point still stands—if this is the best offer on the market right now, why not take it? You can always switch to a better offer within 5 years and return the bonus (assuming it makes sense financially to do so).

[Chocolatebar]

If they want me to start paying $5/mo for Gold again, a 5 year hold on a taxable account isn't the way to do it.

Honestly, I think Gold is definitely worth $5/month. With $1k interest-free margin and a 3% IRA match, it easily outweighs the cost.