Money Advice

16 Best New Brokerage Account Promotions & Bonus Offers – May 2021

Dozens of banks and credit score unions entice new business with account-opening promotions. Some reward first-time clients with bonuses price a whole lot of {dollars} only for opening an account and making qualifying deposits. The greatest land on our commonly up to date roundup of the highest new checking account promotions.

You’ve most likely seen bank card issuers get in on the motion too. Many of the most effective cash-back bank cards and journey rewards bank cards include irresistible welcome gives, the most effective of which rival probably the most beneficiant new checking account promotions.

America’s prime self-directed and managed funding platforms additionally supply spectacular new-account bonuses. Top-tier new brokerage account promotions dwarf the main financial institution and bank card promotions — promising hundreds to new clients bringing substantial property to the desk.


Best New Brokerage Account Promotions (May 2021)

These are the most effective brokerage account promotions from North America’s prime on-line stock brokers for this month. All are topic to vary, so test again usually for updates.

Whichever you select, pair your new brokerage account with a subscription to Trade Ideas, probably the most highly effective paper buying and selling and market analysis subscription round.


1. Acorns — $10 Bonus

Open a brand new Acorns account utilizing the hyperlink under to earn a $10 credit score. It’s that straightforward — no minimal deposit or stability required. You’ll obtain the sign-up bonus credit score after finishing your account registration.

Moving ahead, Acorns gives three attractively priced plans that assist on a regular basis money administration, longer-term saving, and market investing:

  • Lite. For simply $1 per 30 days, benefit from a robust investing platform (Invest) that permits you to make investments spare change left over from on a regular basis purchases (Round-Ups) and earn bonus investments from greater than 350 Found Money companions.
  • Personal. For simply $3 per 30 days, Acorns provides a tax-advantaged retirement account that updates commonly to match your targets and a checking account with 55,000+ fee-free ATMs worldwide and as much as 10% bonus investments.
  • Family. For simply $5 per 30 days, you’ll get every thing included within the lower-priced plans, plus Early, a kid-friendly funding account that includes computerized recurring investments, unique bonus investments, family-centered monetary recommendation, and potential tax financial savings.

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2. Robinhood — Up to $200 (Or More) in Free Stock

Robinhood Logo 480x120Open a brand new Robinhood account with commission-free buying and selling capabilities and rise up to $200 (or extra) in free stock. Here’s the way it works:

  • Apply for a brand new Robinhood brokerage account and get authorised.
  • Robinhood provides one free share of stock price between $2.50 and $200 (or extra) per share, chosen randomly from its stock of settled shares.
  • You can maintain the share indefinitely or promote it after two buying and selling days.

Bear in thoughts that you could be not obtain the identical stock as different candidates and your share’s worth could fluctuate with market actions. Once open, use your account to commerce shares, ETFs, and different market-traded devices.

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3. M1 Invest — Deposit $1,000, Get $30

M1finance LogoFirst-time M1 Invest purchasers can benefit from a straightforward $30 bonus supply. Here’s the way it works:

  • Open a brand new M1 Invest account (have to be a first-time buyer) by Dec. 31, 2021.
  • Deposit a minimum of $1,000 into your new account inside 14 days of opening.

That’s it. You ought to obtain your $30 bonus within the account inside 7 to 14 days of finishing your qualifying deposit.

To keep away from forfeiting the bonus, you have to maintain the qualifying deposit or equal worth in your account for a minimum of 60 days from the date you obtain your money reward.

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4. Webull — Free Stocks Up to $1,850 Total Value & 3 Months Free Level 2 Advance (Nasdaq TotalView) Subscription

Webull LogoOpen and fund a brand new Webull account with a minimum of $100 to rise up to 4 free shares price as much as $3,700 in whole. Participating shares embrace Google, Facebook, Procter & Gamble, Starbucks, Kraft Heinz, and Snap.

Plus, signal as much as obtain a three-month Level 2 Advance (Nasdaq TotalView) subscription without spending a dime. Here’s how these promotions work:

Account Opening Bonus (1 Free Stock)

Simply enroll and open a qualifying Webull account to obtain a free stock valued between $2.50 and $250.

You should full the account opening course of by the acknowledged supply finish date on the time you apply. This date is topic to vary at Webull’s discretion.

Deposit Bonus (1 Free Stock)

Make an preliminary deposit of $100 or extra to your new account by the top of the supply interval to say a free stock valued between $8 and $1,600 per share.

Account Opening Bonus (Nasdaq TotalView Subscription)

Sign up and open your account to obtain a three-month Level 2 Advance (Nasdaq TotalView) subscription without spending a dime. After the promotional interval ends, the usual subscription charge applies.

These gives apply solely to Webull money and margin accounts.

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5. BlockFi — Up to $250 BTC Bonus

Blockfi Logo VectorOpen and fund a BlockFi Interest Account (BIA) for the primary time and make qualifying deposits throughout the first 30 days of opening. In return, you might earn a particular one-time bonus price as much as $250 bitcoins (BTC).

The payout tiers work as follows:

  • $15 BTC: Deposit $25 to $249.
  • $20 BTC: Deposit $250 to $999.
  • $40 BTC: Deposit $1,000 to $4,999.
  • $75 BTC: Deposit $5,000 to $9,999.
  • $150 BTC: Deposit $10,000 to $19,999.
  • $250 BTC: Deposit $20,000 or extra.

To make sure that you obtain the bonus, you have to preserve a crypto stability of $25 or larger via the 14th of the month two and a half months out of your eligibility month (account opening month). Eligible payouts happen on a rolling foundation on or in regards to the fifteenth of each month.

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6. Ally Invest — Up to $3,000 Cash Bonus

Ally Invest LogoOpen a new self-directed account with Ally Invest by Sept. 30, 2021, and make a qualifying deposit of recent money or property to earn as much as $3,000 bonus money.

The bonus thresholds are:

  • $100: Deposit $10,000 to $24,999 in new funds or property.
  • $250: Deposit $25,000 to $99,999 in new funds or property.
  • $300: Deposit $100,000 to $249,999 in new funds or property.
  • $600: Deposit $250,000 to $499,999 in new funds or property.
  • $1,200: Deposit $500,000 to $999,999 in new funds or property.
  • $2,000: Deposit $1,000,000 to $1,999,999 in new funds or property.
  • $3,000: Deposit $2,000,000 or extra in new funds or property.

To qualify for the bonus, you have to fund the account inside 60 days of opening. Once Ally Invest credit the bonus to the account, the mixed bonus and qualifying deposit (much less any buying and selling losses) should stay within the account for 300 days. Otherwise, Ally Invest reserves the appropriate to revoke the bonus.

Deposited funds should come from accounts that aren’t Ally or Ally subsidiary accounts. You should fund the brand new account with a minimal qualifying deposit of $10,000 or extra to qualify for the minimal money bonus.

The bonus is accessible to U.S. residents, excluding present Ally Invest account holders, and Ally Invest account holders who closed their accounts inside 90 days of making use of.

Account Transfer Fee Credit

Separately, Ally Invest credit as much as $150 in switch charges charged by different brokerages whenever you full a first-time account switch totaling $2,500 or extra. That credit score hits your account inside 30 days of the switch.

For extra details about Ally Invest’s taxable brokerage accounts and IRAs with commission-free trades, learn our Ally Invest assessment. To study extra about Ally Bank, Ally Invest’s father or mother establishment, take a look at our Ally Bank assessment.

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7. Citi Wealth Management — Up to $3,500 Cash Bonus

Citibank LogoOpen a brand new eligible Citi Personal Wealth Management account by June 30, 2021, and make a qualifying deposit of recent money or property to earn a money bonus of as much as $3,500. The bonus thresholds are as follows:

  • $500: Deposit $50,000 to $199,999 in new funds or securities.
  • $1,000: Deposit $200,000 to $499,999 in new funds or securities.
  • $1,500: Deposit $500,000 to $999,999 in new funds or securities.
  • $2,500: Deposit $1,000,000 to $1,999,999 in new funds or securities.
  • $3,500: Deposit $2,000,000 or extra in new funds or securities.

To earn this bonus, you have to do the next:

  • Open and enroll your new Citi Private Wealth Management account.
  • Make the qualifying new money deposit inside two months of account opening.
  • Enroll the account into e-delivery of statements inside two months of account opening.
  • Maintain the brand new funding a minimum of via the top of the third month (assertion cycle) after account opening.

Eligible funds have to be new to Citibank and may’t come from or be mixed with funds from another Citi accounts. This supply is accessible to new Citi Private Wealth Management purchasers solely.

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8. M1 Finance — Up to $3,500 Transfer Bonus

M1 Finance LogoM1 Finance, a prime Robinhood different, has an important account opening promotion for brand new purchasers who can carry vital property from one other brokerage. Here’s the way it works.

Open a brand new M1 Finance account and provoke an account switch inside 60 days of sign-up to earn a switch bonus of as much as $3,500.

The bonus thresholds for the money bonus are:

  • $40 Bonus: Transfer an account price $10,000 to $19,999.99.
  • $75 Bonus: Transfer an account price $20,000 to $49,999.99.
  • $150 Bonus: Transfer an account price $50,000 to $99,999.99.
  • $250 Bonus: Transfer an account price $100,000 to $249,999.99.
  • $500 Bonus: Transfer an account price $250,000 to $499,999.99.
  • $1,000 Bonus: Transfer an account price $500,000 to $999,999.99.
  • $2,500 Bonus: Transfer an account price $1,000,000 to $1,999,999.99.
  • $3,500 Bonus: Transfer an account price $2,000,000 or extra.

Your new M1 Finance account sort should match your previous account sort. The supply isn’t legitimate on ACH deposits, wire transfers, or direct 401(okay) rollovers. Once the switch is acquired, you’ll obtain cost inside 90 days.

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9. Betterment — Up to 1 Year Managed Free

Betterment LogoGet as much as one year managed free whenever you open a Betterment robo-advisor account and make a qualifying deposit inside 45 days. Bonus thresholds are:

  • 1 Month Free: Fund your account with $15,000 to $99,999 throughout the qualification interval.
  • 6 Months Free: Fund your account with $100,000 to $249,999 throughout the qualification interval.
  • 12 Months Free: Fund your account with $250,000 or extra throughout the qualification interval.

You can’t mix this supply with another promotions, and it’s obtainable to U.S. residents solely.

For extra about Betterment’s advantages, take a look at our lists of the most effective high-yield financial savings accounts and money administration accounts on the market as we speak.

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10. UNest — $25 Account Opening Bonus

This supply could not be obtainable.

Open a UNest tax-advantaged funding account to your little one or minor dependent by April 30, 2021, and fund it with a minimum of $25 in new money to earn a $25 account opening bonus. Once you make your deposit, you need to obtain your bonus within the account inside 10 business days.

This supply is proscribed to at least one little one per account, doesn’t apply to extra youngsters on the account, and doesn’t apply in the event you shut your account inside 10 days of opening.

You could withdraw principal from the account at any time however could not withdraw the bonus for 90 days after receiving it. Click here to learn the total promotion phrases.

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11. SoFi Invest — Win Up to $1,000 in Free Stock

SoFi ReviewFor a restricted time, obtain the SoFi Invest app and open a brand new SoFi Active Invest account for the prospect to win as much as $1,000 in free stock. Moving ahead, get pleasure from commission-free stock trades and entry to fractional shares in choose securities with no account minimums.

Terms and situations apply. See supply for particulars.

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12. Groundfloor — $100 Bonus for Every $5,000 Contribution to a Groundfloor IRA

Groundfloor+logoTransfer a minimum of $5,000 to a qualifying Groundfloor IRA by June 30, 2021, to earn a restricted credit bonus price $100. Here’s how this chance works:

  • Transfer the qualifying quantity ($5,000 or extra) to your Groundfloor IRA by the acknowledged supply finish date.
  • Watch your taxable Groundfloor funding account for the bonus quantity no later than August 15, 2021.
  • Use the restricted credit to buy any funding obtainable on the Groundfloor platform inside one year of receipt.

If you don’t use your restricted credit inside one year, Groundfloor could revoke them. Credits can’t be withdrawn out of your account as money, and this chance is capped at a complete of $10,000 in restricted credit per person throughout all eligible Groundfloor funding accounts.

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13. TradeStation — Up to $5,000 Cash

TradeStation, a reduction on-line brokerage standard with critical merchants, has probably the most beneficiant brokerage promotions on the market for brand new and present account holders. It’s price as much as $5,000 money whenever you make a qualifying switch into your TradeStation account.

To qualify for bonus money, present account holders simply want to finish the shape on this page. New account holders should create a brand new TradeStation account utilizing the promo code “CASHAFRV”.

In both case, TradeStation provides up all qualifying deposits made through the 45-day supply interval to calculate the bonus threshold, then confirms that they’re held over the total course of the 270-day holding interval that follows.

The bonus thresholds are as follows:

  • $50 Bonus: Deposit a minimum of $5,000 in new money to the account.
  • $200 Bonus: Deposit a minimum of $25,000 in new money.
  • $300 Bonus: Deposit a minimum of $100,000 in new money.
  • $600 Bonus: Deposit a minimum of $200,000 in new money.
  • $1,200 Bonus: Deposit a minimum of $500,000 in new money.
  • $2,500 Bonus: Deposit a minimum of $1,000,000 in new money.
  • $3,500 Bonus: Deposit a minimum of $2,000,000 in new money.
  • $5,000 Bonus: Deposit a minimum of $5,000,000 in new money.

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14. Nvstr — Up to $1,000 Cash

Nvstr LogoOpen a brand new Nvstr account using this link to earn as much as $1,000 in money. There’s no minimal funding threshold or different hoops to leap via — simply open your account, and Nvstr rewards you with $10 to $1,000 money.

There is one catch: Nvstr chooses your reward quantity at random, and it’s unimaginable to foretell how a lot you stand to obtain. Once the bonus is in your account, you have to make a minimum of one commerce inside three months and maintain the bonus funds on deposit for a full year.

The money supply is accessible to new Nvstr customers on dwell buying and selling accounts solely. Simulated buying and selling accounts aren’t eligible.

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15. Charles Schwab — Up to $500 Cash Referral Bonus

charles schwabOpen a brand new qualifying Charles Schwab account with a qualifying referral from an present Schwab shopper to earn a money bonus of as much as $500.

To qualify, ask a buddy or member of the family with a Schwab account to ship you their distinctive referral code. Then use the code to open a brand new Schwab account with an preliminary deposit or deposits totaling a minimum of $25,000.

Make a number of qualifying deposits inside 45 days of your account opening date, and also you’ll obtain your money bonus a few week later.

Your bonus quantity will depend on how a lot you deposit through the 45-day qualifying interval:

  • $100: Deposit $25,000 to $49,999 in new money or property.
  • $300: Deposit $50,000 to $99,999 in new money or property.
  • $500: Deposit $100,000 and above in new money or property.

Once your account is open, month-to-month charges could apply. Multiple members of the identical family could qualify for bonuses individually, so long as they open separate Schwab accounts.

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16. Fidelity Spire — $100 Cash Bonus

Open a qualifying Fidelity account and hyperlink to your monetary objective within the Fidelity Spire app to get a $100 bonus towards your objective.

All you’ll want to do to say the bonus is open your account and arrange a direct deposit of $25 or extra. Four account varieties qualify:

  • Fidelity Cash Management Account (FCMA)
  • Fidelity Account (Fidelity’s low-commission brokerage account for normal investing)
  • Traditional IRA
  • Roth IRA

Fidelity Go (a robo-advisor account) and rollover IRAs are usually not eligible for this supply. Account minimums and different restrictions could apply.

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Final Word

If you’re a happy investor, you’d be forgiven for feeling no urgency to change brokerages. Why repair one thing that’s not damaged?

But the prospect of incomes a whole lot or hundreds of {dollars} in brokerage bonuses is usually motive sufficient.

Most of those brokerages take pains to make sure their new-account bonuses qualify as simple money. In many circumstances, shifting property to a newly opened account requires little greater than finishing an account application and authorizing an digital funds switch or asset rollover, a course of that’s fast and painless sufficient to finish in a spare quarter-hour.

Even in the event you’re not able to benefit from these brokerage account bonuses, it nonetheless pays so as to add a assessment of the highest brokerage promotions to your due-diligence to-do record for everytime you’re prepared to begin investing on a brand new buying and selling platform.


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