Known as a “retention bonus”.Schwab have you the bonus money for keeling existing funds? Or do you have to transfer new money in?I received a bonus offer from E-Trade/Morgan Stanley, so I called my Schwab representative to ask if Schwab would match the offer. The representative didn't call me back or email me, as I had requested. So I began the process of transferring funds from Schwab to E-trade.
Then a different Schwab representative (not my assigned rep) contacted me to ask what he could do to retain the account. I told him that my representative didn't respond to my inquiry about matching the E-Trade offer. So after checking with the promotions department, the representative contacted me to inform me that Schwab would match the E-Trade offer. So I agreed to the bonus from Schwab and did not transfer the money to E-Trade.
This was a bonus for not transferring existing funds out of Schwab.
Statistics: Posted by Leesbro63 — Tue Apr 16, 2024 6:20 am — Replies 7971 — Views 1406623