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$100 bonus - ShareBuilder : brokerage transfer of $500 or more from a competing broker to ShareBuilder; Exp. - unknown


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#1 markber

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Posted 26 September 2009 - 04:30 PM

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LINK

Promo code: TRADEUP100


Terms:

$100 Transfer in Bonus: ShareBuilder will deposit a $100 bonus into your account after completing a full brokerage transfer of $500 or more from a competing broker to ShareBuilder. The $100 bonus offer is available for Individual, Joint and Custodial accounts only. Offer not valid for IRA or Education Savings Accounts. The $100 bonus will post to your account approximately 4-6 weeks after completing a full brokerage transfer from a competing broker and is not available for withdrawal for 180 days. This offer is not valid with any other offers and is non-transferrable. Limit one ShareBuilder promotional award per unique customer or custodial beneficiary. ShareBuilder reserves the right to terminate this offer at any time and to refuse or recover any promotion award if ShareBuilder determines that it was obtained under wrongful or fraudulent circumstances, that inaccurate or incomplete information was provided in opening the account, or that any terms or ShareBuilder’s Account Agreement has been violated.



#2 shybenny

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Posted 26 September 2009 - 04:56 PM

It is not a very good deal because ShareBuilder does not pay for the transfer fee for transferring your current brokerage account to Sharebuilder. Once you decide to transfer your brokerage account to Sharebuilder, your current brokerage firm charges you a fee. It is not worthy once time and trouble for just transferring the account to get up to $100.00. Always do your math before you take action.




#3 pangya88

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Posted 26 September 2009 - 05:07 PM

Optionsxpress accesses $50 for outgoing account transfer. So if you have an account with them and you close the account, then you will have to pay them $ 50. So watch out for, I guess what they call, Outgoing Account Transfer fee.



#4 markber

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Posted 26 September 2009 - 05:24 PM

QUOTE(shybenny @ Sep 26 2009, 10:56 AM) View Post

It is not a very good deal because ShareBuilder does not pay for the transfer fee for transferring your current brokerage account to Sharebuilder. Once you decide to transfer your brokerage account to Sharebuilder, your current brokerage firm charges you a fee. It is not worthy once time and trouble for just transferring the account to get up to $100.00. Always do your math before you take action.



I heard that Scottrade does not change a fee for transferring a Scottrade account to another brokerage. I do not know how reliable this info is. If it is, you could try to open a Scottrade account and then transfer it to ShareBuilder, assuming that the ShareBuilder offer is still going by that time.



#5 pangya88

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Posted 26 September 2009 - 06:11 PM

Indeed, there is no Transfer Out/ Account Closing Fee at Scottrade.

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