As a savvy investor, you’re no doubt aware dozens of banks and credit unions entice new business with account-opening promotions. Some reward first-time customers with bonuses worth hundreds of dollars just for opening an account and making qualifying deposits. The best land on our regularly updated roundup of the top new bank account promotions.
You’ve probably seen credit card issuers get in on the action too. Many of the best cash-back credit cards and travel rewards credit cards come with irresistible welcome offers, the best of which rival the most generous new bank account promotions.
If it’s been years since you switched brokerage firms or you’re entirely new to investing, you might be unaware America’s top self-directed and managed investment platforms also offer impressive new-account bonuses. Top-tier new brokerage account promotions dwarf the leading bank and credit card promotions — promising thousands to new customers bringing substantial assets to the table.
Best New Brokerage Account Promotions (April 2021)
These are the best brokerage account promotions from North America’s top online stock brokers for this month. All are subject to change, so check back often for updates.
Whichever you choose, pair your new brokerage account with a subscription to Trade Ideas, the most powerful paper trading and market research subscription around.
Open a new Acorns account using the link below to earn a $10 credit. It’s that simple — no minimum deposit or balance required. You’ll receive the sign-up bonus credit after completing your account registration.
Moving forward, Acorns offers three attractively priced plans that support everyday money management, longer-term saving, and market investing:
- Lite. For just $1 per month, take advantage of a powerful investing platform (Invest) that allows you to invest spare change left over from everyday purchases (Round-Ups) and earn bonus investments from more than 350 Found Money partners.
- Personal. For just $3 per month, Acorns adds a tax-advantaged retirement account that updates regularly to match your goals and a checking account with 55,000+ fee-free ATMs worldwide and up to 10% bonus investments.
- Family. For just $5 per month, you’ll get everything included in the lower-priced plans, plus Early, a kid-friendly investment account featuring automatic recurring investments, exclusive bonus investments, family-centered financial advice, and potential tax savings.
- Apply for a new Robinhood brokerage account and get approved.
- Robinhood adds one free share of stock worth between $2.50 and $200 (or more) per share, chosen randomly from its inventory of settled shares.
- You can hold the share indefinitely or sell it after two trading days.
Bear in mind that you may not receive the same stock as other applicants and your share’s value may fluctuate with market movements. Once open, use your account to trade stocks, ETFs, and other market-traded instruments.
First-time M1 Invest clients can take advantage of an easy $30 bonus offer. Here’s how it works:
- Open a new M1 Invest account (must be a first-time customer) by Dec. 31, 2021.
- Deposit at least $1,000 into your new account within 14 days of opening.
That’s it. You should receive your $30 bonus in the account within 7 to 14 days of completing your qualifying deposit.
To avoid forfeiting the bonus, you must keep the qualifying deposit or equivalent value in your account for at least 60 days from the date you receive your cash reward.
4. Webull — Free Stocks Up to $1,850 Total Value & 3 Months Free Level 2 Advance (Nasdaq TotalView) Subscription
Open and fund a new Webull account with at least $100 to get up to four free stocks worth up to $3,700 in total. Participating stocks include Google, Facebook, Procter & Gamble, Starbucks, Kraft Heinz, and Snap.
Plus, sign up to receive a three-month Level 2 Advance (Nasdaq TotalView) subscription for free. Here’s how these promotions work:
Account Opening Bonus (1 Free Stock)
Simply sign up and open a qualifying Webull account to receive a free stock valued between $2.50 and $250.
You must complete the account opening process by the stated offer end date at the time you apply. This date is subject to change at Webull’s discretion.
Deposit Bonus (1 Free Stock)
Make an initial deposit of $100 or more to your new account by the end of the offer period to claim a free stock valued between $8 and $1,600 per share.
Account Opening Bonus (Nasdaq TotalView Subscription)
Sign up and open your account to receive a three-month Level 2 Advance (Nasdaq TotalView) subscription for free. After the promotional period ends, the standard subscription fee applies.
These offers apply only to Webull cash and margin accounts.
Open and fund a BlockFi Interest Account (BIA) for the first time and make qualifying deposits within the first 30 days of opening. In return, you could earn a special one-time bonus worth up to $250 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 more
To ensure that you receive the bonus, you must maintain a crypto balance of $25 or greater through the 14th of the month two and a half months from your eligibility month (account opening month). Eligible payouts occur on a rolling basis on or about the 15th of every month.
Open a new self-directed account with Ally Invest by Sept. 30, 2021, and make a qualifying deposit of new money or assets to earn up to $3,000 bonus cash.
The bonus thresholds are:
- $100: Deposit $10,000 to $24,999 in new funds or assets.
- $250: Deposit $25,000 to $99,999 in new funds or assets.
- $300: Deposit $100,000 to $249,999 in new funds or assets.
- $600: Deposit $250,000 to $499,999 in new funds or assets.
- $1,200: Deposit $500,000 to $999,999 in new funds or assets.
- $2,000: Deposit $1,000,000 to $1,999,999 in new funds or assets.
- $3,000: Deposit $2,000,000 or more in new funds or assets.
To qualify for the bonus, you must fund the account within 60 days of opening. Once Ally Invest credits the bonus to the account, the combined bonus and qualifying deposit (less any trading losses) must remain in the account for 300 days. Otherwise, Ally Invest reserves the right to revoke the bonus.
Deposited funds must come from accounts that aren’t Ally or Ally subsidiary accounts. You must fund the new account with a minimum qualifying deposit of $10,000 or more to qualify for the minimum cash bonus.
The bonus is available to U.S. residents, excluding current Ally Invest account holders, and Ally Invest account holders who closed their accounts within 90 days of applying.
Account Transfer Fee Credit
Separately, Ally Invest credits up to $150 in transfer fees charged by other brokerages when you complete a first-time account transfer totaling $2,500 or more. That credit hits your account within 30 days of the transfer.
For more information about Ally Invest’s taxable brokerage accounts and IRAs with commission-free trades, read our Ally Invest review. To learn more about Ally Bank, Ally Invest’s parent institution, check out our Ally Bank review.
7. Citi Wealth Management — Up to $3,500 Cash Bonus
Open a new eligible Citi Personal Wealth Management account by June 30, 2021, and make a qualifying deposit of new money or assets to earn a cash bonus of up to $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 more in new funds or securities.
To earn this bonus, you must do the following:
- Open and enroll your new Citi Private Wealth Management account.
- Make the qualifying new money deposit within two months of account opening.
- Enroll the account into e-delivery of statements within two months of account opening.
- Maintain the new funding at least through the end of the third month (statement cycle) after account opening.
Eligible funds must be new to Citibank and can’t come from or be combined with funds from any other Citi accounts. This offer is available to new Citi Private Wealth Management clients only.
M1 Finance, a top Robinhood alternative, has a great account opening promotion for new clients who can bring significant assets from another brokerage. Here’s how it works.
Open a new M1 Finance account and initiate an account transfer within 60 days of sign-up to earn a transfer bonus of up to $3,500.
The bonus thresholds for the cash bonus are:
- $40 Bonus: Transfer an account worth $10,000 to $19,999.99.
- $75 Bonus: Transfer an account worth $20,000 to $49,999.99.
- $150 Bonus: Transfer an account worth $50,000 to $99,999.99.
- $250 Bonus: Transfer an account worth $100,000 to $249,999.99.
- $500 Bonus: Transfer an account worth $250,000 to $499,999.99.
- $1,000 Bonus: Transfer an account worth $500,000 to $999,999.99.
- $2,500 Bonus: Transfer an account worth $1,000,000 to $1,999,999.99.
- $3,500 Bonus: Transfer an account worth $2,000,000 or more.
Your new M1 Finance account type must match your old account type. The offer isn’t valid on ACH deposits, wire transfers, or direct 401k rollovers. Once the transfer is received, you’ll receive payment within 90 days.
Get up to one year managed free when you open a Betterment robo-advisor account and make a qualifying deposit within 45 days. Bonus thresholds are:
- 1 Month Free: Fund your account with $15,000 to $99,999 within the qualification period.
- 6 Months Free: Fund your account with $100,000 to $249,999 within the qualification period.
- 12 Months Free: Fund your account with $250,000 or more within the qualification period.
You can’t combine this offer with any other promotions, and it’s available to U.S. residents only.
10. UNest — $25 Account Opening Bonus
Open a UNest tax-advantaged investment account for your child or minor dependent by April 30, 2021, and fund it with at least $25 in new money to earn a $25 account opening bonus. Once you make your deposit, you should receive your bonus in the account within 10 business days.
This offer is limited to one child per account, does not apply to additional children on the account, and does not apply if you close your account within 10 days of opening. You may withdraw principal from the account at any time but may not withdraw the bonus for 90 days after receiving it. Click here to read the full promotion terms.
For a limited time, download the SoFi Invest app and open a new SoFi Active Invest account for the chance to win up to $1,000 in free stock. Moving forward, enjoy commission-free stock trades and access to fractional shares in select securities with no account minimums.
Terms and conditions apply. See offer for details.
12. TradeStation — Up to $5,000 Cash
TradeStation, a discount online brokerage popular with serious traders, has one of the most generous brokerage promotions on the market for new and existing account holders. It’s worth up to $5,000 cash when you make a qualifying transfer into your TradeStation account.
To qualify for bonus cash, existing account holders just need to complete the form on this page. New account holders must create a new TradeStation account using the promo code “CASHAFRV”.
In either case, TradeStation adds up all qualifying deposits made during the 45-day offer period to calculate the bonus threshold, then confirms that they’re held over the full course of the 270-day holding period that follows.
The bonus thresholds are as follows:
- $50 Bonus: Deposit at least $5,000 in new money to the account
- $200 Bonus: Deposit at least $25,000 in new money
- $300 Bonus: Deposit at least $100,000 in new money
- $600 Bonus: Deposit at least $200,000 in new money
- $1,200 Bonus: Deposit at least $500,000 in new money
- $2,500 Bonus: Deposit at least $1,000,000 in new money
- $3,500 Bonus: Deposit at least $2,000,000 in new money
- $5,000 Bonus: Deposit at least $5,000,000 in new money
Open a new Nvstr account using this link to earn up to $1,000 in cash. There’s no minimum funding threshold or other hoops to jump through — just open your account, and Nvstr rewards you with $10 to $1,000 cash.
There is one catch: Nvstr chooses your reward amount at random, and it’s impossible to predict how much you stand to receive. Once the bonus is in your account, you must make at least one trade within three months and keep the bonus funds on deposit for a full year.
The cash offer is available to new Nvstr users on live trading accounts only. Simulated trading accounts aren’t eligible.
14. Charles Schwab — Up to $500 Cash Referral Bonus
Open a new qualifying Charles Schwab account with a qualifying referral from an existing Schwab client to earn a cash bonus of up to $500.
To qualify, ask a friend or family member with a Schwab account to send you their unique referral code. Then use the code to open a new Schwab account with an initial deposit or deposits totaling at least $25,000. Make one or more qualifying deposits within 45 days of your account opening date, and you’ll receive your cash bonus about a week later.
Your bonus amount depends on how much you deposit during the 45-day qualifying period:
- $100: Deposit $25,000 to $49,999 in new money or assets.
- $300: Deposit $50,000 to $99,999 in new money or assets.
- $500: Deposit $100,000 and above in new money or assets.
Once your account is open, monthly fees may apply. Multiple members of the same household may qualify for bonuses individually, as long as they open separate Schwab accounts.
If you’re a satisfied investor, you’d be forgiven for feeling no urgency to switch brokerages. Why fix something that’s not broken?
But the prospect of earning hundreds or thousands of dollars in brokerage bonuses is often reason enough.
Most of these brokerages take pains to ensure their new-account bonuses qualify as easy money. In many cases, moving assets to a newly opened account requires little more than completing an account application and authorizing an electronic funds transfer or asset rollover, a process that’s quick and painless enough to complete in a spare 15 minutes.
Even if you’re not ready to take advantage of these brokerage account bonuses, it still pays to add a review of the top brokerage promotions to your due-diligence to-do list for whenever you’re ready to start investing on a new trading platform.