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Charles Schwab Promotions of 2025

Review Updated
Brendan Byrnes
Author: Brendan Byrnes
Brendan Byrnes
Brendan Byrnes

Currently Managing Director of Motley Fool Money, Brendan has worked full-time for The Motley Fool since 2011. He has written hundreds of articles for The Motley Fool and provided analysis on TV outlets including CNBC and Fox. He holds a degree in finance from Virginia Tech.

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Nathan Alderman
Fact Checked: Nathan Alderman
Nathan Alderman
Nathan Alderman
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Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation.

When you're managing your finances, every little bit counts. Brokerage promotions and bonus offers can help boost your portfolio with very little effort. If you're interested in Charles Schwab promotions, keep reading -- we'll break down the current offers and how they compare to competitors below.

Charles Schwab new account bonus

Ratings Methodology
Charles Schwab

Charles Schwab

Our Rating:

Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Bottom Line

Schwab has aggressively slashed fees on its mutual funds and ETFs, eliminated common account fees, reduced commissions to $0 per trade, and allows investors to buy fractional shares of stock, making it extremely affordable.

Fees:

$0 stock, ETF, and Schwab Mutual Fund OneSource® trades. No fees to buy fractional shares.

Account Minimum:

$0

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Great bonus for beginners

You don't have to deposit much to earn this bonus, making it perfect for new investors.

The bonus: If you're new to Charles Schwab, you can jump-start your investing journey with $101 worth of free stocks. Just open a Schwab account and deposit at least $50, and you'll earn this shiny new account bonus.

How to earn it:

What you need to know: Schwab is giving new customers who meet certain requirements $101 worth of stocks. This $101 will be split equally between the top five stocks in the S&P 500 -- a great start to any investing adventure. The shares are fractional shares, which Schwab calls "stock slices." Only new customers opening individual brokerage accounts are eligible.

Charles Schwab referral bonus

The bonus: Snag a bonus of between $100 and $1,000 by joining Schwab through a friend's referral and depositing at least $25,000.

How to earn it:

  • Ask a Schwab-savvy friend for their referral code.
  • Open a qualifying Schwab account.
  • Within 45 days, transfer at least $25,000 into the account.
  • Enjoy your bonus!

What you need to know: Like the new account promotion, you can only earn this bonus if you're new to Schwab. Additionally, the bonus you get depends on the amount of cash you deposit in your account. Here are the bonus tiers:

Net Deposit Bonus
$25,000 - $49,999 $100
$50,000 - $99,999 $300
$100,000 - $499,999 $500
$500,000 or more $1000
Data source: Charles Schwab

Not every Schwab brokerage account is eligible, so be sure to read the fine print before opening your account.

How do Charles Schwab promotions compare to competitors?

If brokerages competed in the Olympics, Charles Schwab's new account bonus would take home at least one medal. The bonus itself is worth double your investment -- you invest $50 and receive a bonus of $101 in stocks. With most brokerage bonuses, you have to invest more to receive the same amount.

Schwab's referral bonus is also pretty solid, but not exactly a standout winner. Many brokerages offer similar bonuses without requiring a referral code. If you're interested in investing at least $25,000, shop around before deciding which brokerage you'll call home.

Alternatives to Consider

We recommend comparing brokerage options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of our best trading platforms of 2025.

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Logo for SoFi Active Investing
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
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Managing your finances under one roof $0 for stocks, $0 for options contracts
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On SoFi Active Investing's Secure Website.

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Rating image, 4.0 out of 5 stars.
4.0/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
= Fair
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Low mutual fund fees. $0 per trade
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Logo for Robinhood
Rating image, 4.5 out of 5 stars.
4.5/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
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= Excellent
= Good
= Fair
= Poor
Low fees on stocks, ETFs, crypto, and options $0 for stocks, ETFs, and options
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On Robinhood's Secure Website.

At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.

Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.

At Motley Fool Money, brokerages are rated on a scale of one to five stars. We primarily focus on fees, available assets, and user experience; however, we also take into account features like research, education, tax-loss harvesting, and customer service. Our highest-rated brokerages generally include low fees, a diverse range of assets and account types, and useful platform features.

Our aim is to maintain a balanced best-of list featuring top-scoring brokerages from reputable brands. Ordering within lists is influenced by advertiser compensation, including featured placements at the top of a given list, but our product recommendations are NEVER influenced by advertisers. Learn more about how Motley Fool Money rates brokerage accounts.

FAQs

  • Generally, no. Schwab promotions are available to new customers opening specific types of brokerage accounts.

  • The time to receive a bonus depends on the promotion. Some are awarded days after you meet eligibility requirements, while others can take up to two months.