Offer value details
Schwab credits a $50 cash bonus, then schedules five $10 fractional-share orders in the S&P 500 stocks with the largest market capitalizations at order time unless the client cancels during the listed overnight window and keeps the cash.
Qualification requirements
Open a Schwab One individual taxable retail brokerage account through the Starter Kit offer and deposit at least $50 in outside assets within 30 days of enrolling.
Fees and costs
Schwab One has a $0 minimum and online NMS equity trades list $0 commissions. The April 2026 pricing guide lists $50 for a full outbound asset transfer and $0 for a partial transfer; trading, activity, service, wire, and other fees can apply.
Availability
Available to U.S. residents who are new Schwab clients with no Schwab account other than a Stock Plan Services account. Only an individual Schwab One taxable retail brokerage account qualifies.
What to verify
- Fractional stock positions can lose value.
- The selected stocks are determined by Schwab's top-five S&P 500 market-cap process.
- The five-stock allocation is concentrated, fractional shares have limited voting rights, and nontransferable fractions are liquidated at prevailing prices.
- Bonus value may be tax reportable.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.