100 Free Trades a Year With Wells Fargo Investments

Here is a promotion that has been out there for a while, but I thought I would mention it since I haven’t yet. Wells Fargo Investments will give you 100 Commission Free Equity Trades per year if you have $25,000 in brokerage, loan balances or deposits with them. You need to open a Wells Fargo PMA Package which includes a checking account and brokerage account. As long as you keep your checking account linked to your brokerage account, there are no checking fees. And assuming you meet the $25,000 balance requirement there are no fees for the brokerage account either.

Wells Fargo accounts used for balance qualification include checking, savings, time accounts (CDs), retirement (IRAs), brokerage, trust (excluding irrevocable trusts), loans, outstanding credit cards and line of credit balances, and 10% of an outstanding mortgage balance .

This promo works great if you have a mortgage with Wells Fargo. Say for example your outstanding mortgage loan is $275,000. So 10% of $275,000 is $27,000. You have just satisfied the $25,000 requirement for the free trades.

 The checking account comes with free checks, debit card and pays tiered interest on your balance. There is also an electronic transfer feature that allows you to transfer money between the checking account and brokerage account.

Link To Details and Sign Up Page

 If you have $25,000 in deposits or a mortgage, or a combination that gets you to $25,000, this is a totally free investing solution. You figure with 100 free trades per year you get 8 free trades per month. This is pretty good for someone investing over time as you are buying stock at cost. If you are a day trader, this probably isn’t a good fit for you.