Discount stock brokerage Sharebuilder is offering a $75 cash bonus as long as you open a new account with $100 by December 31st with promotion code EXTRA75. It doesn’t appear that you even need to make a trade. Fine print:
** You must open a new ShareBuilder account and deposit $100 or more to be eligible for this promotion. Initial deposit must be completed by 12/31/11. Capital One 360 Investing will deposit a $75 bonus approximately 4-6 weeks after your first $100 deposit. The $75 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRAs or ESAs. The $75 bonus is not available for withdrawal for 120 days after it is awarded to your account. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder account bonus per unique customer or custodial beneficiary. We reserve the right to terminate this offer at any time and to refuse or recover any promotion award if we determine that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms of our Account Agreement have been violated. Offer expires 12/31/11.
Does this work for preexisting Sharebuilder customers as long as they open a new account?
I dont think it work atleast from the terms “Limit one ShareBuilder account bonus per unique customer “
I received a similar offer (with a different promotion code) last week, and when I called and asked, the Sharebuilder rep said it was just for ING Direct customers who had not yet joined Sharebuilder. It looks like they may have decided to expand the offer outside of ING customers with this new promotion code.
In any case, my girlfriend and I are $150 richer this week, as the bonus money has already hit our accounts.
@Jeremy
Yes. I just opened a new (custodial) acct for my son and I recv’ed an email saying the promotion is good. I have had a ShareBuilder acct since ~2003.
So, yes. It works for existing customers.
I would be careful with opening multiple accounts with the exact same registration information (like an individual) though, opening an additional account as a joint or as custodial accounts for kids would probably work. But as long as you only transfer $100 over, there shouldn’t be too much downside. Their FDIC sweep pays 0.5% APY.
I’ve opened 3 Sharebuilder accounts with ING to take advantage of similar promotions and always got the bonus. Not saying that it will work this time, but in the past it has.
I once had about 5 Sharebuilder individual accounts, but the last one I opened in my own name was frozen (no bonus). I was able to open a joint account, though.
Do they do a credit check? Don’t want a ding on my credit report if I can avoid it
it is very difficult to go to different sites everyday and pick the best deals out of them. thanks for doing this and making it simple for us
When I go to the link, it says a $50 bonus after depositing at least $50.
@John – No credit check per my experience and other feedback that I have read.
@nandhi – I try, thanks!
@Ian – Don’t click on the Shareholder link, that’s their standard $50 offer. Click the $75 bonus link to see the $75 offer.
Ah, because I clicked on the other link first, I get the same offer on both links. Trying another browser and clicking only on the $75 link, I see the offer.
If anyone else misclicks like I did, clearing your cookies will probably reset things.
If I open a joint account after opening an individual account, does it matter if I answer “Yes” for the question “Do you have another ShareBuilder account?” Will I still get the $75 bonus for the new joint account?
@Tim
Yes. I did this and just recv’ed email saying I will be receiving the $75 in the next 4-6 wks.
From the fine print:
Limit one ShareBuilder account bonus per unique customer or custodial beneficiary.
i just signed up and made my deposit. do i have to initiate a trade to get the bonus?
If I open an account today (Dec. 30) and initiate funding before the 31st will I still qualify for the bonus even though the funds won’t be available until Jan. 3rd?
Was told the bonus was expired a few days ago? Customer service rep seemed confused about it, said “it wouldn’t fund in time” (opened Dec 24th )but offered $50 usual promo instead. Not sure if they actually ended it or refused to honor for me for some reason.
Just opened a custodial account for my son using the code above and received an email stating that the code was valid. Additionally, looks like the promo has been extended as the email stated that I had until Feb 15th to transfer the money. It also mentioned that it takes 4 to 6 weeks to receive the bonus.
One thing to note. The code isn’t validated until after you go through the set up process. I didn’t like this and was a bit concerned, just wish they’d validate the code prior to the effort. Nevertheless, it worked.
Turns out I did get the bonus (one for each me and my wife) even only opening and funding he account on the 31st. Thank! Now if only I had also opened a joint account 🙂
ING Direct is now offering a $50 bonus when you open and fund a Roth or Trad IRA Sivings or CD account by Jan 31, 2012. Sharebuilder is also offering $50 on $200 in an IRA when funded by March.