The Final, Definitive Thread on Brokerage Transfer Bonuses

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

Post by jeffyscott »

nalor511 wrote: Thu Oct 06, 2022 1:27 am Schwab will match offers. Does not have to be retirement. But they will match only one offer, no stacking
But E-Trade's offers differ depending on the type of account. Their current bonus is larger for retirement accounts than for taxable accounts.

I don't know, but would guess that Schwab would match offers only for the same type of account.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by nalor511 »

jeffyscott wrote: Thu Oct 06, 2022 6:41 am
nalor511 wrote: Thu Oct 06, 2022 1:27 am Schwab will match offers. Does not have to be retirement. But they will match only one offer, no stacking
But E-Trade's offers differ depending on the type of account. Their current bonus is larger for retirement accounts than for taxable accounts.

I don't know, but would guess that Schwab would match offers only for the same type of account.
Right. But my experience was that they would not do both. E.g. fidelity will give you $xxx bonus for $yyy balance across any type of account. Schwab wanted to do either Retirement, or Taxable, not aggregate. This was just my experience.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

Got an email from Chase JP Morgan self direct, they are offering transfer bonus for existing customers but I have nothing to transfer.

Funding amount Cash bonus
$25,000 - $99,999 $125
$100,000 - $199,999 $300
$200,000 - $499,999 $625
$500,000 - $999,999 $1,200
$1,000,000+ $2,500
PatrickA5
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by PatrickA5 »

student wrote: Thu Oct 06, 2022 10:21 pm Got an email from Chase JP Morgan self direct, they are offering transfer bonus for existing customers but I have nothing to transfer.

Funding amount Cash bonus
$25,000 - $99,999 $125
$100,000 - $199,999 $300
$200,000 - $499,999 $625
$500,000 - $999,999 $1,200
$1,000,000+ $2,500
I plan on doing the smallest option, not because $125 is significant but I'd planned on opening a Chase Self Investing account anyway - so might as well get a little extra cash.

Question: Chase says "Maintain new funds for 90 days". My question is: If I put in say $30,000 and spend it down to $26,000 - will I still get the $25K tier bonus ($125)? They don't give any examples.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

PatrickA5 wrote: Thu Oct 13, 2022 10:13 am
student wrote: Thu Oct 06, 2022 10:21 pm Got an email from Chase JP Morgan self direct, they are offering transfer bonus for existing customers but I have nothing to transfer.

Funding amount Cash bonus
$25,000 - $99,999 $125
$100,000 - $199,999 $300
$200,000 - $499,999 $625
$500,000 - $999,999 $1,200
$1,000,000+ $2,500
I plan on doing the smallest option, not because $125 is significant but I'd planned on opening a Chase Self Investing account anyway - so might as well get a little extra cash.

Question: Chase says "Maintain new funds for 90 days". My question is: If I put in say $30,000 and spend it down to $26,000 - will I still get the $25K tier bonus ($125)? They don't give any examples.
The way I read it and based on my past experience, the answer is yes.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by PatrickA5 »

student wrote: Thu Oct 13, 2022 11:02 am
PatrickA5 wrote: Thu Oct 13, 2022 10:13 am
student wrote: Thu Oct 06, 2022 10:21 pm Got an email from Chase JP Morgan self direct, they are offering transfer bonus for existing customers but I have nothing to transfer.

Funding amount Cash bonus
$25,000 - $99,999 $125
$100,000 - $199,999 $300
$200,000 - $499,999 $625
$500,000 - $999,999 $1,200
$1,000,000+ $2,500
I plan on doing the smallest option, not because $125 is significant but I'd planned on opening a Chase Self Investing account anyway - so might as well get a little extra cash.

Question: Chase says "Maintain new funds for 90 days". My question is: If I put in say $30,000 and spend it down to $26,000 - will I still get the $25K tier bonus ($125)? They don't give any examples.
The way I read it and based on my past experience, the answer is yes.
That's what I figured. Thanks.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by hmw »

Startled Cat wrote: Fri Sep 30, 2022 10:50 pm The terms of the tastyworks offer are confusing. "The Promotion is available to... existing customers who have never funded any tastyworks account prior to the start of the Promotional Period". So it's available to... existing customers, as long as they've only been customers for two weeks or less?
I am a bit confused by its terms as well. I have an existing tastyworks account with less than $1 in it. I had received a bonus with tastyworks before. I wonder if I can get the bonus if I close my existing account and open a new account.
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jeffyscott
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by jeffyscott »

^ Seems to me that would mean that if you had an account (for any period of time) but had never put money it, they will pay a bonus to fund it now.

I've only read what's quoted in the post, since I have no interest in tasty works, but I don't see where your getting a 2 week limit?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

I have now done two E*Trade withdrawals after six months and before 12 months with no clawback of the bonus. I know their offer terms are not consistent on that matter, even for the same offer, and that some people leave assets there for 12 months as a precaution. Not necessary in my experience. YMMV.

I am also looking to rehome 350k in securities and I am shopping offers now. I am not eligible for Public, E*Trade, Merrill Edge, TastyWorks, or Schwab bonuses right now. Let me know if you have a suggestion.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

whodidntante wrote: Sat Oct 15, 2022 12:39 pm I have now done two E*Trade withdrawals after six months and before 12 months with no clawback of the bonus. I know their offer terms are not consistent on that matter, even for the same offer, and that some people leave assets there for 12 months as a precaution. Not necessary in my experience. YMMV.

I am also looking to rehome 350k in securities and I am shopping offers now. I am not eligible for Public, E*Trade, Merrill Edge, TastyWorks, or Schwab bonuses right now. Let me know if you have a suggestion.
Looks like your best option is $1000 from Citi. https://banking.citi.com/cbol/investmen ... efault.htm
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

whodidntante wrote: Sat Oct 15, 2022 12:39 pm I have now done two E*Trade withdrawals after six months and before 12 months with no clawback of the bonus. I know their offer terms are not consistent on that matter, even for the same offer, and that some people leave assets there for 12 months as a precaution. Not necessary in my experience. YMMV.

I am also looking to rehome 350k in securities and I am shopping offers now. I am not eligible for Public, E*Trade, Merrill Edge, TastyWorks, or Schwab bonuses right now. Let me know if you have a suggestion.
We are in our parking spot with E*Trade for 12 months per the fine print. So after 6 mo., they don’t sweat it? I wonder if it’s contingent on the account size.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

What’s the best offer at the moment for $190k (taxable brokerage)?
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whodidntante
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

bbrock wrote: Sat Oct 15, 2022 1:11 pm What’s the best offer at the moment for $190k (taxable brokerage)?
Probably Public.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

tj wrote: Sat Oct 15, 2022 12:44 pm
whodidntante wrote: Sat Oct 15, 2022 12:39 pm I have now done two E*Trade withdrawals after six months and before 12 months with no clawback of the bonus. I know their offer terms are not consistent on that matter, even for the same offer, and that some people leave assets there for 12 months as a precaution. Not necessary in my experience. YMMV.

I am also looking to rehome 350k in securities and I am shopping offers now. I am not eligible for Public, E*Trade, Merrill Edge, TastyWorks, or Schwab bonuses right now. Let me know if you have a suggestion.
Looks like your best option is $1000 from Citi. https://banking.citi.com/cbol/investmen ... efault.htm
Thanks. I just love taking money from the worst bank in the world. :happy
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

whodidntante wrote: Sat Oct 15, 2022 12:39 pm I have now done two E*Trade withdrawals after six months and before 12 months with no clawback of the bonus. I know their offer terms are not consistent on that matter, even for the same offer, and that some people leave assets there for 12 months as a precaution. Not necessary in my experience. YMMV.

I am also looking to rehome 350k in securities and I am shopping offers now. I am not eligible for Public, E*Trade, Merrill Edge, TastyWorks, or Schwab bonuses right now. Let me know if you have a suggestion.
JP Morgan Chase Self-Direct? https://account.chase.com/consumer/inve ... 4_MpCjvIvg
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

whodidntante wrote: Sat Oct 15, 2022 1:34 pm
bbrock wrote: Sat Oct 15, 2022 1:11 pm What’s the best offer at the moment for $190k (taxable brokerage)?
Probably Public.
Got it. Thx whodidntante. It looks like $2k, 6 mo. holding.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Kookaburra »

What is Public? Sounds like a watering hole.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

Kookaburra wrote: Sat Oct 15, 2022 10:18 pm What is Public? Sounds like a watering hole.
They are probably legit because they ponied up for public.com instead of "meetpublic" :D

It's yet another front end for Apex Clearing.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by hmw »

jeffyscott wrote: Sat Oct 15, 2022 7:02 am ^ Seems to me that would mean that if you had an account (for any period of time) but had never put money it, they will pay a bonus to fund it now.

I've only read what's quoted in the post, since I have no interest in tasty works, but I don't see where your getting a 2 week limit?
"ELIGIBILITY

Qualified Customer and Qualified Accounts

The Promotion is available to (1) all approved new customers (as determined by Tax ID) who fund their tastyworks account with $5,000 USD or more, and (2) existing customers who have never funded any tastyworks account prior to the start of the Promotional Period, and who fund their existing brokerage account with $5,000 USD or more (each, a “Qualified Account”). All approved new customers and existing customers must be legal U.S. residents and ages 18+ as of the date of participation. In order to be eligible for this Promotion, approved new customers must include the Referral Code of “TIERED_2022” in the REFERRAL CODE FIELD"

This is from tastyworks web.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

On $100,000+, Tastyworks is paying $2k but it’s a 12 mo. hold.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

bbrock wrote: Sun Oct 16, 2022 10:41 am On $100,000+, Tastyworks is paying $2k but it’s a 12 mo. hold.
Wow.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Kookaburra »

What are eTrades current offer, for new customers?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Kookaburra »

whodidntante wrote: Sat Oct 01, 2022 12:07 am I completed the Public offer. They paid me 2k on 100k right away and refunded the $75 outgoing transfer fee. No problems. As expected, the market went into a nosedive as soon as I initiated a 100k ACATS. A really wicked downturn in everything I sent their way. I'm not sure if they actually received 100k in securities or if they got almost that and decided to be nice. At any rate, they paid.

The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
For Public’s offer:

Can I transfer in brokerage Roth IRA, or is it for taxable accounts only? If Roth, would the bonus count against the annual contribution limit?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

Kookaburra wrote: Sun Oct 16, 2022 2:51 pm
whodidntante wrote: Sat Oct 01, 2022 12:07 am I completed the Public offer. They paid me 2k on 100k right away and refunded the $75 outgoing transfer fee. No problems. As expected, the market went into a nosedive as soon as I initiated a 100k ACATS. A really wicked downturn in everything I sent their way. I'm not sure if they actually received 100k in securities or if they got almost that and decided to be nice. At any rate, they paid.

The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
For Public’s offer:

Can I transfer in brokerage Roth IRA, or is it for taxable accounts only? If Roth, would the bonus count against the annual contribution limit?
Public supports taxable accounts only.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by the_wiki »

Small, but easy bonus at Axos. $150 for new account that maintains $1000 for 90 days.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

Whodidntante, do you have money currently with public? Or did you already complete the holding and withdraw?

If you already completed the holding and withdrew from them, were they quick to release your funds? Any problems leaving?

And, you stated you would probably turn off securities lending, why?

Thanks!
B
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by need403bhelp »

whodidntante wrote: Sat Oct 01, 2022 12:07 am The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
Just looked at https://help.public.com/en/articles/370 ... make-money under "Securities Lending" and find this part concerning "If Apex loans out shares owned by a Public member, the lending member waives voting rights in the shares loaned out, may receive payments in lieu of dividends, and those shares may not be covered by SIPC protection while on loan."

Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

need403bhelp wrote: Sun Oct 16, 2022 3:48 pm
whodidntante wrote: Sat Oct 01, 2022 12:07 am The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
Just looked at https://help.public.com/en/articles/370 ... make-money under "Securities Lending" and find this part concerning "If Apex loans out shares owned by a Public member, the lending member waives voting rights in the shares loaned out, may receive payments in lieu of dividends, and those shares may not be covered by SIPC protection while on loan."

Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
I turned it off, primarily for tax reasons. Probably Apex is requiring collateral to be posted each day for loaned shares, so I don't think the risk of loss is all that great. You could lose anything in excess of collateral (an intraday move) could be lost. That's how it works at other brokers where I enable securities lending to earn income.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

bbrock wrote: Sun Oct 16, 2022 3:42 pm Whodidntante, do you have money currently with public? Or did you already complete the holding and withdraw?

If you already completed the holding and withdrew from them, were they quick to release your funds? Any problems leaving?

And, you stated you would probably turn off securities lending, why?

Thanks!
B
The Public offer hasn't been around long enough for someone to withdraw. I'll be withdrawing in March and will advise if any issues.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

tj wrote: Sun Oct 16, 2022 4:01 pm
bbrock wrote: Sun Oct 16, 2022 3:42 pm Whodidntante, do you have money currently with public? Or did you already complete the holding and withdraw?

If you already completed the holding and withdrew from them, were they quick to release your funds? Any problems leaving?

And, you stated you would probably turn off securities lending, why?

Thanks!
B
The Public offer hasn't been around long enough for someone to withdraw. I'll be withdrawing in March and will advise if any issues.
Got it TJ. Thx.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Kookaburra »

If I transfer brokerage to eTrade, do they reimburse outgoing ACATS from the sending institution? If so, how does that work? Do they just add a credit to your account in the amount taken out? And is that credit taxable?

And when transferring out of eTrade, do they charge an outgoing ACATS fee?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by student »

Kookaburra wrote: Sun Oct 16, 2022 4:14 pm If I transfer brokerage to eTrade, do they reimburse outgoing ACATS from the sending institution? If so, how does that work? Do they just add a credit to your account in the amount taken out? And is that credit taxable?

And when transferring out of eTrade, do they charge an outgoing ACATS fee?
They do usually reimburse fees charged by the sending institution but you have to ask before the transfer. Etrade has fees when you transfer out. https://us.etrade.com/what-we-offer/pricing-and-rates
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by 1andDone »

whodidntante wrote: Sun Oct 16, 2022 3:51 pm
need403bhelp wrote: Sun Oct 16, 2022 3:48 pm
whodidntante wrote: Sat Oct 01, 2022 12:07 am The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
Just looked at https://help.public.com/en/articles/370 ... make-money under "Securities Lending" and find this part concerning "If Apex loans out shares owned by a Public member, the lending member waives voting rights in the shares loaned out, may receive payments in lieu of dividends, and those shares may not be covered by SIPC protection while on loan."

Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
I turned it off, primarily for tax reasons. Probably Apex is requiring collateral to be posted each day for loaned shares, so I don't think the risk of loss is all that great. You could lose anything in excess of collateral (an intraday move) could be lost. That's how it works at other brokers where I enable securities lending to earn income.
How did you turn it off?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by whodidntante »

1andDone wrote: Sun Oct 16, 2022 5:56 pm
whodidntante wrote: Sun Oct 16, 2022 3:51 pm
need403bhelp wrote: Sun Oct 16, 2022 3:48 pm
whodidntante wrote: Sat Oct 01, 2022 12:07 am The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
Just looked at https://help.public.com/en/articles/370 ... make-money under "Securities Lending" and find this part concerning "If Apex loans out shares owned by a Public member, the lending member waives voting rights in the shares loaned out, may receive payments in lieu of dividends, and those shares may not be covered by SIPC protection while on loan."

Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
I turned it off, primarily for tax reasons. Probably Apex is requiring collateral to be posted each day for loaned shares, so I don't think the risk of loss is all that great. You could lose anything in excess of collateral (an intraday move) could be lost. That's how it works at other brokers where I enable securities lending to earn income.
How did you turn it off?
Contact support.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

whodidntante wrote: Sun Oct 16, 2022 6:35 pm
1andDone wrote: Sun Oct 16, 2022 5:56 pm
whodidntante wrote: Sun Oct 16, 2022 3:51 pm
need403bhelp wrote: Sun Oct 16, 2022 3:48 pm
whodidntante wrote: Sat Oct 01, 2022 12:07 am The platform is pretty ratchet but I don't care. My money has been with other weird brokers. I may or may not turn off securities lending prior to end-of-year distributions. Actually, I probably will. I have done my bit for King and country. The last thing I need is a larger tax bill.
Just looked at https://help.public.com/en/articles/370 ... make-money under "Securities Lending" and find this part concerning "If Apex loans out shares owned by a Public member, the lending member waives voting rights in the shares loaned out, may receive payments in lieu of dividends, and those shares may not be covered by SIPC protection while on loan."

Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
I turned it off, primarily for tax reasons. Probably Apex is requiring collateral to be posted each day for loaned shares, so I don't think the risk of loss is all that great. You could lose anything in excess of collateral (an intraday move) could be lost. That's how it works at other brokers where I enable securities lending to earn income.
How did you turn it off?
Contact support.
And what’s the benefit of having them turn off securities lending? To ensure that one gets paid dividends?

Is this only an issue at Public?
bbrock
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

bbrock wrote: Sun Oct 16, 2022 11:13 pm
whodidntante wrote: Sun Oct 16, 2022 6:35 pm
1andDone wrote: Sun Oct 16, 2022 5:56 pm
whodidntante wrote: Sun Oct 16, 2022 3:51 pm
need403bhelp wrote: Sun Oct 16, 2022 3:48 pm

Just looked at https://help.public.com/en/articles/370 ... make-money under "Securities Lending" and find this part concerning "If Apex loans out shares owned by a Public member, the lending member waives voting rights in the shares loaned out, may receive payments in lieu of dividends, and those shares may not be covered by SIPC protection while on loan."

Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
I turned it off, primarily for tax reasons. Probably Apex is requiring collateral to be posted each day for loaned shares, so I don't think the risk of loss is all that great. You could lose anything in excess of collateral (an intraday move) could be lost. That's how it works at other brokers where I enable securities lending to earn income.
How did you turn it off?
Contact support.
And what’s the benefit of having them turn off securities lending? To ensure that one gets paid dividends?
There's no benefit to leaving it turned on.
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

Thx TJ. Put another way, what’s the risk with leaving I on?
bbrock
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Kookaburra »

Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sc9182 »

Kookaburra wrote: Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
Not specific to Public.com ., more general suggestion.

if you have/setup ApexClearing account
- lot easier to refer/use that info for ACATs ;
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by Kookaburra »

sc9182 wrote: Mon Oct 17, 2022 11:05 am
Kookaburra wrote: Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
Not specific to Public.com ., more general suggestion.

if you have/setup ApexClearing account
- lot easier to refer/use that info for ACATs ;
Who is Apex and what is their relationship?
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

Kookaburra wrote: Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
The promotion just started. You're about 5 months too early for seeing data.
BuddyJet
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by BuddyJet »

Kookaburra wrote: Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
Not Public but I did an ACAT transfer from M1 which also uses Apex with no issue.
People say nothing is impossible. I do nothing all day.
tj
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Joined: Wed Dec 23, 2009 11:10 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

BuddyJet wrote: Tue Oct 18, 2022 5:51 am
Kookaburra wrote: Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
Not Public but I did an ACAT transfer from M1 which also uses Apex with no issue.
I actually did one from tastyworks to public, both using apex
bbrock
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Location: CA

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by bbrock »

To all, what’s the issue with leaving securities lending on (vs opt out) at public/Apex?
bbrock
ziggny
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by ziggny »

I transferred a mid-six figure taxable account to Etrade last year for an $1800 bonus, and have been overall pretty happy with them. But that Public promo is looking mighty tasty. Anyone have any experience getting Etrade to match a competitor's bonus roughly 12 months after transferring in? Or any experience getting Etrade to specifically match the Public bonus?
BuddyJet
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Joined: Mon Jun 24, 2019 8:56 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by BuddyJet »

Firstrade is offering $4k for new brokerage or IRA accounts with $1.5MM deposit. 12 month holding period.

https://www.firstrade.com/content/en-us/promos

Sorry, couldn't get the formatting below right.

CASH BACK BONUS $4,000 $3,000 $1,500 $700 $300 $100 $50
Deposit or Transfer $1,500,000+ $1,000,000+ $500,000+ $100,000+ $25,000+ $10,000+ $5,000+
People say nothing is impossible. I do nothing all day.
sycamore
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Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by sycamore »

student wrote: Sat Oct 15, 2022 1:40 pm
whodidntante wrote: Sat Oct 15, 2022 12:39 pm I have now done two E*Trade withdrawals after six months and before 12 months with no clawback of the bonus. I know their offer terms are not consistent on that matter, even for the same offer, and that some people leave assets there for 12 months as a precaution. Not necessary in my experience. YMMV.

I am also looking to rehome 350k in securities and I am shopping offers now. I am not eligible for Public, E*Trade, Merrill Edge, TastyWorks, or Schwab bonuses right now. Let me know if you have a suggestion.
JP Morgan Chase Self-Direct? https://account.chase.com/consumer/inve ... 4_MpCjvIvg
There's also a Chase You Invest offer https://account.chase.com/consumer/inve ... ectedoffer
$125 for $25,000-$99,999
$300 for $100,000-$249,999
$625 for $250,000 or more

Not sure if this same as the one you linked to. The You Invest offer has only three tiers, unlike the Chase Self-Direct offer you mentioned a couple weeks ago with two more tiers at $500k and $1mil.
tj
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Joined: Wed Dec 23, 2009 11:10 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by tj »

ziggny wrote: Tue Oct 18, 2022 12:04 pm I transferred a mid-six figure taxable account to Etrade last year for an $1800 bonus, and have been overall pretty happy with them. But that Public promo is looking mighty tasty. Anyone have any experience getting Etrade to match a competitor's bonus roughly 12 months after transferring in? Or any experience getting Etrade to specifically match the Public bonus?
Literally nobody is going to match Public's bonus. It is a VC driven stupidly high offer. If you want that offer, you go to Public.
SecurityEng
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Joined: Sat Sep 10, 2022 7:48 am

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by SecurityEng »

Does Merrill/BofA March the chase 2k for 250k bonus?
need403bhelp
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Joined: Thu May 28, 2015 6:25 pm

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Post by need403bhelp »

BuddyJet wrote: Tue Oct 18, 2022 4:16 pm Firstrade is offering $4k for new brokerage or IRA accounts with $1.5MM deposit. 12 month holding period.

https://www.firstrade.com/content/en-us/promos

Sorry, couldn't get the formatting below right.

CASH BACK BONUS $4,000 $3,000 $1,500 $700 $300 $100 $50
Deposit or Transfer $1,500,000+ $1,000,000+ $500,000+ $100,000+ $25,000+ $10,000+ $5,000+
Seems like a decent offer. Any catch?
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