I recently took advantage of a TD Ameritrade new account bonus. This promotion can be accessed through
and runs through 7/15/2011. The fine print is as follows
Offer valid for one new Individual, Joint or IRA TD Ameritrade account opened by 07/15/11 and funded within 30 days of account opening with $2,000 or more. To receive $100 bonus, account must be funded with $25,000-$99,999 within 30 days of initial minimum funding. To receive $250 bonus, account must be funded with $100,000-$249,999 within 30 days of initial minimum funding. To receive $500 bonus, account must be funded with $250,000 or more within 30 days of initial minimum funding. If you open a new TD Ameritrade retirement account, cash awards are valid within your IRA only and non-transferable to another existing TD Ameritrade account. Please consult a legal or tax advisor for the most recent change to the U.S. tax code and for rollover eligibility rules. Offer is not transferable and not valid with internal transfers, Amerivest-related accounts, TD Ameritrade Institutional accounts, current TD Ameritrade accounts or with other offers. Qualified commission-free Internet equity or option orders must execute within 60 days of meeting minimum funding requirements. Contract, exercise, and assignment fees still apply. Limit one offer per account type. Account must remain open with minimum required funding for 12 months or TD Ameritrade may charge the account for the cost of the cash awarded to the account. TD Ameritrade reserves the right to restrict or revoke this offer at any time. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business. Please allow 3-5 business days for any cash deposits to post to account.
Taxes related to TD Ameritrade offers are your responsibility. Retail values totaling $600 or more during the calendar year will be included in your consolidated Form 1099.
Since I already have an existing account with TD Ameritrade, I wanted to check if I can qualify. This is the reply to my inquiry
Yes, you can use that promotion if you open another account. Please let us know if you need further assistance. We really appreciate your business.
I opened a new account online. The account application and the credit of bonus went through very smoothly and quickly. The following is the timeline:
- 5/30/11 (Memorial Day) : Submitted application online.
- 5/31/11 : Faxed in signature form and asset transfer request in the morning. Later that day, received an acknowledgment that the asset transfer request was received.
- 6/3/11 : Assets were transferred into the account. The new account was credited with the new account bonus as well as 100 free trades.
From start to receiving the bonus, it took 4 business days. Now I just need to keep the assets there for the next 365 days.