Schwab Start Kit: Free $101 New Investors

Schwab.com is offering New Investors: Open and Fund Your Account with $50, Get a Free $101 Cash Bonus to Split Equally Across the Top Five Stocks in the S&P 500 (Microsoft, Amazon, NVidia, Apple, META) + Education Tools.

Directions

• Click here to open an account with Charles Schwab
• Two business days after your account is opened, Schwab will begin checking for qualifying deposits every business day. Once your qualifying deposit has been received, Schwab will credit the $101 cash bonus to your brokerage account at approximately 6:00 p.m. Eastern Time the next trading day. (If you make your qualifying deposit after 8:30 p.m. Eastern Time, Schwab will credit the $101 cash bonus at approximately 6:00 p.m. Eastern Time two trading days later.)
• Schwab will send you an email about your 5 trade orders the night before the orders are placed.
• Schwab will place the 5 orders for you ($20.20 fractional share orders for each of the top 5 stocks in the S&P 500) at approximately 8:00 p.m. Eastern Time the day the cash bonus is credited to your account, provided you maintain at least $50 in your brokerage account at that time.
• You will have a short period of time (from approximately 8:00 p.m. Eastern Time until approximately 9:25 a.m. the next trading day) to cancel the orders.
• To cancel the orders, you will need to go to the Order Status page on schwab.com or on any of Schwab’s other trading platforms or call a Schwab representative at 800-435-4000.
• If you cancel your orders, you will keep the $101 cash bonus and can save or invest it however you want.
• If you take no action, the orders will be executed shortly after market open the next trading day. You will then see the fractional shares reflected in your account and Schwab will send you trade confirmations for the trades.