thinkorswim Referral Bonus
thinkorswim referral code is REFER6QWRF
Visit thinkorswim Website
How thinkorswim Referral Bonus Works
Here’s what you need to do to receive the thinkorswim referral cash bonus:
1. Open a new Schwab brokerage account using a referral code REFER6QWRF.
It must be an eligible securities account, not a deposit account with Schwab Bank. Since you’re
applying for a cash bonus, click the orange Open an Account button. You’ll then see a
list of account choices, including a bank account. Be careful not to choose that option because Schwab
does not pay this referral bonus for new checking or savings accounts. IRAs and custodial accounts do
qualify, so you can open one of those instead.
Schwab says its online application is designed to take about ten minutes and walks applicants through the
account-opening process.
2. Make a qualifying deposit or transfer. To be eligible for the cash bonus, you must fund your new Schwab account with at least $25,000. The required funding can be made as a deposit or transfer; either way, the qualifying net deposit must be completed within 45 days of account opening.
The process is fairly straightforward. Schwab says the bonus is normally credited to the enrolled account about 1-2 weeks after the 45-day period
ends, regardless of when the qualifying deposit or transfer is made. The exact bonus tiers and funding requirements are as follows:
| Cash Reward | Transfer/deposit |
|---|
| $1,000 | $500,000+ |
| $500 | $100,000 - $499,999 |
| $300 | $50,000 - $99,999 |
| $100 | $25,000 - $49,999 |
If you already have a brokerage account elsewhere and want to transfer your holdings to Schwab,
the transfer can count as a deposit for this promotion, as long as the transfer is worth $25,000 or more. Please note that forex or cryptocurrency positions cannot be moved to Schwab.
After your account is open, log into the Schwab website and click the Accounts tab; then choose Transfer Account if you want to move an account. To make a deposit, choose Online Transfer under the same tab.
thinkorswim Referral Bonus Terms
Schwab has several rules you’ll need to follow if you want to receive the cash bonus:
This Charles Schwab offer cannot be combined with any other offer.
More than one person in the same household can qualify for a bonus. Each account, however, must receive its own qualifying net deposit or transfer and can receive only one bonus.
Only new Schwab clients who are U.S. residents are eligible for this Charles Schwab promotion.
In addition to bank accounts, several other account types are not eligible for this promotion. These include corporate accounts, education savings accounts, ERISA-covered retirement plans, certain tax-qualified retirement plans and accounts, accounts managed by independent investment advisors, and the Schwab Global Account™.
Schwab reports the bonus award on Form 1099-INT for taxable accounts. Check with a tax professional about how the bonus may affect your tax situation before opening an account under this offer.
thinkorswim Referral FAQs
You may still have a few questions. Schwab provides a full explanation, but here are some of the most common points.
1. When do I get paid? Your bonus should arrive within one or two weeks after the 45-day window ends, so even if you make the full deposit on Day 1, the reward will not arrive right away.
a. If you believe enough time has passed and your eligible award still has not posted, you can contact Schwab to ask about the status.
2. What accounts are eligible for the reward? You can earn the bonus when you open and fund an eligible Schwab retail brokerage account or individual retirement account, including accounts such as a Roth IRA or Traditional IRA.
3. Will the referrer ever find out if you open an account? No, so you do not need to split the reward because Schwab will not notify the referrer that you used their code.
Updated on 5/11/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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