Charles Schwab Referral Bonus
Charles Schwab Referral
Charles Schwab Referral Code Details
Charles Schwab is offering more than just $0 commissions. Now, you can actually make money by opening
and funding a new brokerage account with the financial giant. Here’s what you need to do to get the cash bonus:
1. Open a new Schwab brokerage account using a referral code REFER6QWRF.
It does need to be a securities account and not a deposit account with Schwab Bank. Because you’re
trying to get a cash bonus here, you’ll want to click on the orange Open an Account button. You’ll see a
list of available accounts, one of which is a bank account. Make sure not to select this option because Schwab
will not honor its cash bonus for new checking or savings accounts. IRA’s and custodial accounts do
qualify, so feel free to open one of these.
Schwab promises that it should only take about ten minutes to get an account open with its
user-friendly online application.
2. Make a qualifying deposit or transfer. In order to qualify for the cash bonus, you do have to fund your new Schwab account with at least $25,000. The required funding can come via deposit or transfer; in either case, the new funding must arrive within 45 days of account opening.
It really is that simple. Schwab will credit the new account in about 1-2 weeks after the 45-day period
ends (regardless of when the transfer or deposit is received). The exact bonuses and funding requirements are as follows:
| Cash Reward | Transfer/deposit |
|---|
| $1,000 | $500,000+ |
| $500 | $100,000 - $499,000 |
| $300 | $50,000 - $99,999 |
| $100 | $25,000 - $49,999 |
If you have a pre-existing brokerage account and would like to move your positions over to Schwab,
the transfer will qualify as a deposit for the purposes of this special, as long as the transfer is valued at $25,000 or above. Please note that forex or cryptocurrency positions cannot be moved to Schwab.
As an example, see How to Transfer Robinhood Account to Charles Schwab.
After your account is opened, simply log into the Schwab website and click on the Accounts tab; then select Transfer Account if you want to do a transfer. To make a deposit, click on Online Transfer under the same tab.
3. Referrer gets $50 cash bonus for each person they refer.
Schwab Referral Bonus Fine Print
Schwab has just a few rules that you’ll want to follow in order to secure your cash bonus:
This Charles Schwab offer cannot be combined with any other offer.
Multiple members of the same household can receive multiple bonuses. Each account, however, must receive its own qualifying deposit or transfer and is eligible for only one bonus. A single household is limited to combined bonuses of $5,000 in a rolling 12-month period.
Only new customers and U.S. residents are eligible for this Charles Schwab special.
Besides bank accounts, several other account types are not eligible for this promotion. These include corporate accounts, education accounts, ERISA-covered retirement plans, and the Schwab Global Account™.
Schwab will add any cash award to an account’s 1099 at the end of the year (assuming it is a taxable account). The obvious workaround is to open a non-taxable account with this offer.
Charles Schwab Referral FAQs
You might have a few additional questions – Schwab has a complete breakdown, but we’ll cover a few of the most common ones.
1. When do I get paid? Your bonus will come in within one or two weeks after the 45-day window expires – so even if you make a full deposit on Day 1, you’ll be waiting a little while for your free money.
a. If you think that too much time has passed and your eligible award hasn’t come in yet, you can always give Schwab a call to check-in.
2. What accounts are eligible for the reward? You’ll get the free bonus when you open and fund a regular brokerage or retirement accounts like a Roth IRA or Traditional IRA.
3. Will the referrer ever find out if you open an account? No, so there is no need to split the reward because Schwab will not tell the referrer that you used their code.
Updated on 1/15/2026.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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