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.
But E-Trade's offers differ depending on the type of account. Their current bonus is larger for retirement accounts than for taxable accounts.
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.jeffyscott wrote: ↑Thu Oct 06, 2022 6:41 amBut 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.
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.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
The way I read it and based on my past experience, the answer is yes.PatrickA5 wrote: ↑Thu Oct 13, 2022 10:13 amI 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.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
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.
That's what I figured. Thanks.student wrote: ↑Thu Oct 13, 2022 11:02 amThe way I read it and based on my past experience, the answer is yes.PatrickA5 wrote: ↑Thu Oct 13, 2022 10:13 amI 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.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
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.
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.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?
Looks like your best option is $1000 from Citi. https://banking.citi.com/cbol/investmen ... efault.htmwhodidntante 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.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.
Thanks. I just love taking money from the worst bank in the world.tj wrote: ↑Sat Oct 15, 2022 12:44 pmLooks like your best option is $1000 from Citi. https://banking.citi.com/cbol/investmen ... efault.htmwhodidntante 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_MpCjvIvgwhodidntante 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.
Got it. Thx whodidntante. It looks like $2k, 6 mo. holding.
They are probably legit because they ponied up for public.com instead of "meetpublic"
"ELIGIBILITYjeffyscott 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?
For Public’s offer: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.
Public supports taxable accounts only.Kookaburra wrote: ↑Sun Oct 16, 2022 2:51 pmFor Public’s offer: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.
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?
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."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.
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.need403bhelp wrote: ↑Sun Oct 16, 2022 3:48 pmJust 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."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.
Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
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.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
Got it TJ. Thx.tj wrote: ↑Sun Oct 16, 2022 4:01 pmThe Public offer hasn't been around long enough for someone to withdraw. I'll be withdrawing in March and will advise if any issues.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
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-ratesKookaburra 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?
How did you turn it off?whodidntante wrote: ↑Sun Oct 16, 2022 3:51 pmI 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.need403bhelp wrote: ↑Sun Oct 16, 2022 3:48 pmJust 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."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.
Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
Contact support.1andDone wrote: ↑Sun Oct 16, 2022 5:56 pmHow did you turn it off?whodidntante wrote: ↑Sun Oct 16, 2022 3:51 pmI 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.need403bhelp wrote: ↑Sun Oct 16, 2022 3:48 pmJust 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."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.
Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
And what’s the benefit of having them turn off securities lending? To ensure that one gets paid dividends?whodidntante wrote: ↑Sun Oct 16, 2022 6:35 pmContact support.1andDone wrote: ↑Sun Oct 16, 2022 5:56 pmHow did you turn it off?whodidntante wrote: ↑Sun Oct 16, 2022 3:51 pmI 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.need403bhelp wrote: ↑Sun Oct 16, 2022 3:48 pmJust 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."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.
Is this as concerning as it sounds? If so, any reason NOT to turn off securities lending ASAP?
There's no benefit to leaving it turned on.bbrock wrote: ↑Sun Oct 16, 2022 11:13 pmAnd what’s the benefit of having them turn off securities lending? To ensure that one gets paid dividends?whodidntante wrote: ↑Sun Oct 16, 2022 6:35 pmContact support.1andDone wrote: ↑Sun Oct 16, 2022 5:56 pmHow did you turn it off?whodidntante wrote: ↑Sun Oct 16, 2022 3:51 pmI 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.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?
Not specific to Public.com ., more general suggestion.Kookaburra wrote: ↑Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
Who is Apex and what is their relationship?sc9182 wrote: ↑Mon Oct 17, 2022 11:05 amNot specific to Public.com ., more general suggestion.Kookaburra wrote: ↑Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
if you have/setup ApexClearing account
- lot easier to refer/use that info for ACATs ;
The promotion just started. You're about 5 months too early for seeing data.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.Kookaburra wrote: ↑Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
I actually did one from tastyworks to public, both using apexBuddyJet wrote: ↑Tue Oct 18, 2022 5:51 amNot Public but I did an ACAT transfer from M1 which also uses Apex with no issue.Kookaburra wrote: ↑Mon Oct 17, 2022 10:58 am Does anyone have experience with doing an ACATS transfer out of Public to another brokerage?
There's also a Chase You Invest offer https://account.chase.com/consumer/inve ... ectedofferstudent wrote: ↑Sat Oct 15, 2022 1:40 pmJP Morgan Chase Self-Direct? https://account.chase.com/consumer/inve ... 4_MpCjvIvgwhodidntante 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.
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.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?
Seems like a decent offer. Any catch?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+