brokerage
Charles Schwab Up to $1,000
Brokerage or IRA
A referred new Schwab client can earn up to $1,000 after a qualifying net deposit within 45 days. The top tier takes $500,000.
Effective value after fees
$1,000
This is the $500,000 tier. Smaller deposits pay $100, $300, or $500. A monthly fee is not stated, so it is not subtracted. You need someone else's referral code.
Exact requirements
- You need a referral code from a current Schwab client. You cannot already have a Schwab account, other than a Stock Plan Services account.
- Open an eligible retail brokerage account or IRA and enroll. The deposit has to land in the enrolled Schwab One account.
- Schwab Bank Investor Checking, the Schwab Global Account, ERISA plans, education savings accounts, corporate accounts, and accounts managed by independent advisors do not qualify.
- Net deposits are outside assets new to Schwab, minus withdrawals, measured on day 45.
- For taxable accounts, keep the net deposit (market losses do not count against you) at Schwab for at least one year or Schwab may charge the bonus back.
- Bonus
- Up to $1,000
- Direct deposit
- Direct deposit is not required.
- Deposit
- Qualifying net deposit within 45 days: $25,000–$49,999 pays $100, $50,000–$99,999 pays $300, $100,000–$499,999 pays $500, and $500,000 or more pays $1,000.
- Keep the account open
- At least one year for taxable accounts, or Schwab may charge back the award. The one-year rule is stated for taxable accounts. An IRA holding period is not stated the same way.
- When the bonus posts
- About one week after day 45, and Schwab's examples put payment roughly 1–2 weeks after the 45-day mark.
- Expiration
- Not stated as a calendar end date. Schwab can change or end the offer without notice.
- Monthly fee
- Not stated on the referral page.
- How to waive it
- Not stated on the referral page.
- Early closure
- Not stated as a set fee. On taxable accounts, Schwab may charge back the bonus if the net deposit does not stay for a year.
- Credit pull or ChexSystems
- not stated
- Where it is offered
- Nationwide. Schwab says the offer is available to U.S. residents only.
- Last verified
- November 15, 2026
Fine print
One account enrolled per client. Taxable awards are reported on Form 1099-INT. Employees of Schwab and of securities regulators are not eligible. Verified November 15, 2026.
Source checked November 15, 2026: https://www.schwab.com/referral